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Boyd CEO Speaks Out On Regulated Online Gambling
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[QUOTE="OzExorcist, post: 2318295, member: 23910"] A few thoughts on the above: - Yes brick and mortar casino game are scrutinized by the relevant state or government regulators. But the [i]vast[/i] majority of oversight that goes on in casinos is done by the casino itself to ensure staff and players aren't ripping them off. That's what pretty much all the cameras, supervisors, pit bosses and security are there for. - Contrary to what you've suggested, an online casino would be much, [b]much[/b] easier to regulate and oversee in that regard. For starters there's a whole area of brick and mortar regulation that you can throw out altogether: croupiers colluding with players. No such problem online. It's then a trivial exercise for the licensing body to confirm that the games are following the rules and that the RNG being used passes checks. Keep in mind too that table games and slots are, by their nature, already "rigged" in favour of the house. A legal online casino is a licence to print money - not only are the games already running in their favour, but they've got none of the dealer or other overhead costs that a brick and mortar has and they get WAY more volume in terms of hands/spins per hour when the human interaction is taken out. [i]So they don't [b]need[/b] to rig the games in order to win money[/i] and they'd be stupid to risk their licence trying to squeeze a little extra house edge on a game. - An online casino would also be easier for players to monitor. Remember that it was [b]player[/b] scrutiny that broke the UB/AP super user scandal, and that was possible because the players had access to thousands and thousands of hands worth of data. Same would be true of other online casino games. Compare that to a brick and mortar casino, where you might think something isn't on the level but you've got no actual data to go back on, and even if you did you'd only be talking about a statistically insignificant sample size. [b]Short version:[/b] yes it'd be relatively easy to rig an online casino game to increase the house advantage. But it'd also be pretty easy for regulators and even players to detect when it's happening. And when the casino is making money hand over fist anyway, there's not really much motivation. [/QUOTE]
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