Sunday, July 03, 2011

Poking Beyond Poker

Per 1st article below, poker is one of the 'fairest' gambling games in the sense that the 'house' does not get any advantage (house odds) and therefore collects 'rakes' (commission) as income.
That may be true with the real poker game i.e. the one played with real paper cards where players sit facing each other and can see what everyone else is doing, and therefore can be certain others are not cheating like peeping at others' cards or changing cards etc. Even then, quick con-men can slip 'extra' cards down their sleeves etc to create a winning hand (I only know this from watching movies).

With 'online poker' players cannot see who they are playing against and, worse, cannot see what is happening to the 'cards' in that imaginary world!

In the online world, any Java programmer knows that anything can be done, it is just a matter of programming! The ones in control can always create an extra 'thread' to see other people's 'hands', switch closed cards anyway they want, or issue to their 'own people' the desired cards 'without any one knowing'.

In real poker, the ones with better eyesight can at least catch the cheats trying to do all that but there is no chance of that happening in the 'online' world.

Which is why dumb ignorant gamblers that gamble online are the greatest suckers.

That's also why online games are 'so addictive' - it's because the people behind it can do anything they want to 'hook them' without those idiots knowing it. And those idiots actually think they are 'very great' at playing those things (sounds similar to doll-on-wood fellas?)

As they say, idiots think that 'what he cannot see, cannot be happening' (idiot is by definition one that cannot see even the obvious - like read book that says he is low-class he cannot see and yet go round bragging about his book saying he being 'god-like').

p.s. That's the reason why gringo's latest hype is 'cloud computing' where everything you do and all your data are stored in a central server somewhere (no prize for guessing where) supposedly for lower cost and higher security and availability. Millions of online fools would be rushing into that hype - they don't know how much data people already captured via Facebook, Hotmail etc.

How do you think gringo manage to 'sting' all those stupid Mohamaddans? Those I-am-out-of-Age-of-Ignorance-1500yrs-ago idiots don't even know who the heck was sending them the messages they were 'following'. Just like the other idiots I knock - don't know who wrote those books and yet go round telling others they are 'god's words' and say others that pray to other things are silly - the dumb knocking others...

That's also the reason why 'Blackberry' was so highly hyped by Gringo companies and the Indian, Chinese governments etc. banned their people from using that devil's device. Every message that is sent via one of those things is passed to a server in Canada before being forwarded to the receiver (see power of 'extra thread' above). Some Chinaman working for some gringo bank recently said that 'they can see every message I send via my phone'. I said that's because you are using a Blackberry. With that thing, they even know where that Chinaman go shit everyday!

Which was what people found out Apple was doing secretly with those iPhones - once a while that thing would 'report' those collected location information back 'home' without the owner knowing it. And when some hackers found it out and it was reported in the news, the Apple fellas claimed it was an 'oversight' (that's for fools only).

Read the 2nd and 3rd articles below and see why I knock China ape idiots - there are just so many of them.

There is more meaning to 'idiot-proof technology' than many think...



The Government's Poker Face
By Casey Research

Recently, debate in Congress over the legalization of online poker has been heating up. The clamor is a direct result of April 15, 2011, dubbed "Black Friday" in the poker community.

On this date, the FBI shut down the three largest online poker sites, seized their assets, and charged the founders with felonies. Charges included bank fraud, money laundering, and violations of the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006.

UIGEA was attached at the last second to the non-controversial (and widely perceived as essential) SAFE Port Act after several previous attempts to outlaw online gambling failed to pass. Online gambling has technically been illegal since the passage of UIGEA, but until Black Friday, enforcement had generally been lax.

Poker is the most popular form of Internet gambling by far, so the reverberations throughout its community have been the largest. It is also the only form of gambling that can legitimately be considered more a game of skill than of chance, a key difference being emphasized by advocates of legalization.

We here at Casey Research generally believe that all voluntary interactions between adults should be legal, provided they don't violate another's rights. Gambling certainly falls under this category, but let's give the feds the benefit of the doubt and examine the evidence.

The odds in any form of gambling can be boiled down to the house edge, or the advantage the house has over the player. For example: the house edge in Blackjack, when played with proper strategy, is 0.8%. So for every $100 you "invest" in the game, you'd expect $99.20 back. Poker differs in that it's played against other competitors rather than the house, so the house edge is in the form of a "rake," or cut of the pot, which is typically around 5%.

Obviously, this is a raw deal for the patrons. With the exception of poker players, all gamblers are guaranteed to lose over the long run. Even poker is a zero-sum game, with the vast majority of the crowd losing money. Given these facts, it's conceivable that Congress just wants to prevent us from squandering our wealth.

Of course, the government itself offers gambling in the form of lotteries. If our benevolent Big Brother really wants to protect us from the usurious advantages of online casinos, its own gambling systems should at least offer better odds. Do they?

Not exactly. In fact, it's tough to overstate just how horrible state lottery odds really are. Your odds are 7,500% better playing craps than buying the average state lottery ticket.

We can draw many conclusions from this data, but two stand out the most. First of all, the free market provides overwhelmingly superior and cheaper gambling entertainment than does the government. No surprise there, as this principle applies to every product and service under the sun.

Second, the government's professed intention of saving us from ourselves is clearly a guise. In reality, the feds don't like when their own cut is diminished, so they attempt to eliminate or assimilate competition. As is usually the case, Washington is self-interested and is using force to enhance its own growth.

To drive the point home, the bill currently circulating through Congress would require online gambling sites to impose a 28% withholding tax on all winnings, an additional 2% federal tax would be levied on the gambling sites, and individual states would have the option of imposing another 6% tax. To top it off, the sites would be required to collect each player's personal information, such as address and Social Security Number, and provide it to the government.

And don't try to deduct gambling losses on your tax return. You can only deduct losses up to the amount of your winnings, which is the IRS's roundabout of saying the losses are not deductible.

So for all you online poker aficionados out there, we sympathize. You'll likely get your game back, but not without paying Uncle Sam his protection money your fair share.


Chinese teen offers virginity for white iPhone 4
from Yahoo News

A mainland Chinese teenage girl has been caught on Weibo in the act of selling her virginity — for a white iPhone 4.

The girl has been identified by Hong Kong's branch of NextMedia as only surnamed Wen (pictured right), from Maoming city of south China's Guangdong province. She stated in her post that her "valuable first night" — which literally means 'virginity' in Chinese — was worth the gifting of a white iPhone 4, which retails in China for RMB 4,999 for the 16-gigabyte model.

The girl, Wen, then gave out her QQ number, and encouraged young men to contact her if they were serious about the deal.

Of course, it's possible that this is a publicity stunt by a young woman who's keen to become famous. Come to think of it, that might actually be preferable to someone selling their body in some way in exchange for a soon-to-be-obsolete gadget.

My kidney for any iPad

Sadly, this isn't the sole incident of this nature this month: a few weeks ago a 17-year old Chinese boy went so far as to have a kidney removed so that he could sell it to buy an iPad 2, as reported by my colleague, Rick.



Dumb Dot
by CCK

About 10 years ago I worked for a short time in a local 'technology' company specialising in 'government contracts'. At about the same time, the company hired an Australian as CEO. It was right after the Dotcom bust and the CEO was one of the 'consultants' the local authorities hired to determine which of the many failing local IT companies were worth 'helping'.

About 6 months into his job and in front of the whole monthly management meeting, the CEO asked the IT head if it is legal in Singapore for the chairman to be reading staff mails. The answer: there is no local law against it.

Although not entirely surprised by it, out of curiosity I asked my boss about the background to that question and was told that that whiteman found out that the chairman was reading all his e-mails! (that chinaman chairman was not just reading the CEO's mails but anyone's he chose - he apparently instructed his IT fellas to send copies of 'key' people's mails to him which he reads at home).

After we resigned a few months after that and serving our 'notice periods', that whiteman got quite pally with me and told me he told the chairman's wife (who happened to be his deputy) 'to go buy some good books to read while in bed instead of reading other people's mails'. I laughed.

I also found out that something big happened about the same time when the CEO raised the above question.

The company had just hired some ex-military fella as sales rep to promote some ATM deals in Pakistan. I was initially scratching my head wondering about why that 'new business' since from what I know the company had not done any 'banking' work before - so you guess what those fellas were dealing in (hint: at that time there were some gringo 'sanctions' on military supplies to Pakistan).

Apparently, that sales fella tried to cut his own deal with the Pakistani client (some general, of course) behind the back of 'the company' but that stupid fella used his company e-mail system for that!

Don't laugh, that's a real story....

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