Bots in PartyPoker's 6-max Limit games?

[RayBornert]

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<background>I am a Commodity Trading Advisor i.e. I trade commodities for a living.</background>

This whole discussion reminds me of the discussion that goes on in the trading community about the proliferation of computerized trading systems. The parallels are simply astounding. People go back and forth about how there are too many computerized systems trading the markets and how there won't be enough losing traders (analogous to our "fish") to feed the markets. There have been such systems since the late 1970s and there are still plenty of retail "fish" in the markets. Interestingly, the vast majority (estimates range from 80%-90%) of people who create and trade computer systems find out that they lose money when deployed in the real world anyway. This is in line with the estimates of the percentage of losing "discretionary" traders. There are also traders who specialize in identifying computerized system activity and exploiting it for profit, as well as firms that heavily market both approaches to retail investors (who then proceed to lose all their money using these methods). All trading system design software comes with a collection of built-in default trading systems, and they all are losers over the long run (as the default bot is reported to be). Anyway, I guess the net effect is that the bots are the system traders of poker, and if that is the case (and the poker economy is dynamic/robust) then a balance will be struck between the "discretionary" poker players and the bots, and the poker economy will be just fine.

M

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now this guys knows his proverbial defacation !
well said man.

ray