Is this legal? - Page 2

lorinda · #11 01-12-2005, 01:58 AM

I've played in a few live ring games in which this one guy has always lost terribly to me

Humor him, poker needs people like this.

He proceeded to tell me that he has developed a method for winning big

It has probably crossed the mind of nearly every new player at some point, it's a simple thought, but also the easiest thing for even the not-so-good sites to catch.

Lori

WarDekar · #12 01-12-2005, 03:17 AM

He mentioned the guy is pretty computer adept, so I would imagine he fixed the IP problem. Theroretically someone with the computer knowledge could easy milk Party Poker and NEVER be caught if they wanted to spend the time setting it up and debugging. Which brings up a good question. Yes, Party can just close accounts and take funds, but what about already cashed out funds? Will there be any legal problems in the US for someone if they, say, made a couple hundred thousand off of cheating in online poker assuming all taxes are paid properly? And, of course, they're doing this in a state that online poker is "legal."

WarDekar · #13 01-12-2005, 03:18 AM

Do we know this for a fact, though? If someone were to milk an online poker site for a LARGE sum of money, but all taxes, etc. were filed properly, would the US gov't have any problem with it?

The4Aces · #14 01-12-2005, 03:22 AM

not the us govs problem

WarDekar · #15 01-12-2005, 03:42 AM

Then why aren't some computer geniuses doing this? It's a VERY lucrative proposition if done correctly. Maybe they are and we just don't know? Literally, if done correctly there is NO way a site would catch them...or care I would imagine, they make the rake anyway...plus done properly no one would ever know they were colluding. Just think if you had half the players at a table, just by the fact that you know 10 cards gives you a HUGE advantage.

BusterStacks · #16 01-12-2005, 03:56 AM

You do realize it would take more effort to collude effectively that to just win normally, right? Even so, I call BS on this story. I am willing to bet MONEY the original poster is making this up. I see so many posts on colluding like it's the worst thing in the world, but what most people fail to realize is that for the average person, the edge gained by collusion is extremely small. Afterall, when you are behind a dominating hand you are losing twice as fast, if not more in your attempts to push him off which is really the only thing colluding would be good for.

MS Sunshine · #17 01-12-2005, 03:59 AM

"the funny thing is i left the table with a nice profit because i flopped quads and they tried to trap me with raises when one of them flopped a full house..lol. the other 2 folded on the river like they had done a couple times earlier. i looked back at the hand history and they had nothing."

I generally don't call poo-pahs, but I call here.

Please produce said HH OR El lame-o story why not. I will not accept "my dog ate my hard drive".

If I'm in error here I'll play poker naked tomorrow.

MS Sunshine

WarDekar · #18 01-12-2005, 03:59 AM

I assure you, a computer programmer (or team of them) could EASILY devise a VERY lucrative scheme. It'd take a while to get off the ground (month full time I'd say), but the rewards of it would be MASSIVE if done properly, and if there's no legal repurcusions...why not?

o0mr_bill0o · #19 01-12-2005, 04:15 AM

legal: yes
ethical: maybe
likely to get caught eventually: almost certain

however, it's certainly feasible. he likely has each client run through various proxies and has many many different accounts set up in order to mask it better. However, eventually it'll show up if he does it with any frequency, and it sounds like he does.

o0mr_bill0o · #20 01-12-2005, 04:20 AM

[ QUOTE ]
I assure you, a computer programmer (or team of them) could EASILY devise a VERY lucrative scheme. It'd take a while to get off the ground (month full time I'd say), but the rewards of it would be MASSIVE if done properly, and if there's no legal repurcusions...why not?

[/ QUOTE ]

If I had a team of people, I guarantee you I could get it off the ground in the time it takes to register some accounts and set up some bank accounts... I know some java and c++, but I am no programmer. It'd be easy as pie to make some bucks off of it. Despite their best efforts, a well thought out plan should be able to take great strides in counteracting their countermeasures. again, probably not out to inifinity, but long enough to turn a profit.

Fortunately, it's less work and still quite profitable for me to just be an honest player 4-tabling small stakes...