Not lucky enough to be a victim

Interesting story here about employees of a Las Vegas casino being arrested for scamming money from the poker room’s bad beat jackpot. (via Tao of Poker) Especially interesting to me as the Planet Hollywood poker room was one I played at a few times when I was in Las Vegas last year, so it’s possible that I may have met one or more of the people who were running the scam. However, I can’t claim to have been affected by the scam as they were skimming money off the top of the jackpot pool, and I didn’t win one of those while I was there – and not just in Planet Hollywood, I failed to win one anywhere.

It’s a shame, because the poker room at Planet Hollywood was a nice place to play, but I can’t see that poker players are going to want to go there again now this news has broken. They’re a superstitious lot, and there’ll be lots of them muttering ‘once bitten, twice shy’ before turning away from the threshold of Planet Hollywood.

But the best take on this does come from Pauly at the Tao of Poker:

The Planet Ho 4 are lucky that it’s 2009 and not 1979. Thirty years ago, they’d be listed as missing persons with their bodies nowhere to be found. Back in the rough and tumble days when the mob ran Vegas, if you got caught stealing from a casino, you’d end up in a hole on the edge of Death valley sleeping with the scorpions.

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As I’ve mentioned here a few times before, I like to play poker and I’m probably above average as I turn a small profit – not anywhere near enough to live on, but enough to have fun with online. Some of my friends like to play bingo – it’s not something I enjoy, but they seem to have a fun night out playing it.

Beyond the levels of fun different people can get from them, there are two main differences between poker and bingo. The first is that in poker it’s possible for a skilled player to make a long-term profit playing it, while the same can’t be said of bingo – sure, it’s possible to make a profit playing it, and I’m sure there are some people out there who have won more than they’ve lost over the years, but unless you posit a ridiculous level of skill difference (playing only with people who can’t cross off numbers on their card) the expected value of playing bingo is negative.

(That’s not to say that there’s no skill or gambling in poker, of course, but in the long run skill will usually win out over luck – possibly something for another post though, to avoid this one getting sidetracked)

The second difference is that I could head in Colchester town centre now and and go straight into our local bingo club and start playing. The same’s probably true of the town you’re in now – assuming you’re in Britain – but there are only a small number of places where I could go and legally play poker in the same way. Of course, if I really wanted to lose some money, I could go into any one of the number of amusement arcades in most towns, or play the slot machines in various pubs, clubs and chip shops or just wander into one of my several local bookies and play on the machines there. (Though I could also make a regular bet there, and it is possible to make a long term profit betting)

So, the Gambling Act and various other pieces of legislation over the years have made it much easier for me to take part in games with a negative expected value to me, so why is it so hard for me to play a game with a possible positive return? Why isn’t it easier it set up poker clubs in the same way as bingo ones?

At present, the options are to either set up a private members club (The International, for example) or offer poker games under a casino license which means either opening a casino and hoping the demand for negative expected value games hasn’t died off or jumping through all the hoops needed to open a run and casino and then only offer poker at the end of it (as Dusk Till Dawn did, going through several months and several million pounds in the process). I’m not arguing for every vacant shopfront in Britain to be turned into a poker club, just that it be possible to open one so people can have the option – after all, when we have bingo clubs and slot machines everywhere, why should it be so hard to open a club for a game that’s got some skill involved?

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Can’t remember if I’ve ever suggested this before back in the mists of blogtime, but I was playing poker online last night and wondering how many other of my readers and fellow bloggers play, and whether there’d be interest in setting up some sort of game or tournament for British political bloggers/Lib Dem bloggers or any other grouping that migth create enough interest? Or if there’s such a game already happening, how do I get invited to it?

Which reminds me of a post I ought to write sometime, currently in my head under the working title ‘If it’s so easy to open an amusement arcade or bingo hall in a British town centre, why is it so bloody hard to open a poker club?’