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#9
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[ QUOTE ] The amount of money that we ascribed to illicit play was relatively small (less than $5K), and we confiscated that entire amount. We permitted him to cash out the balance over that. [/ QUOTE ] Lee, this is a very bad policy. Let me explain why. It does not provide a disincentive to cheat. Someone can cheat like Justin did, and they know that even if they get caught they will only lose the amount the stole. If they don't get caught then their theft is profitable. Hence, it is impossible for them to lose by cheating. Furthermore, unless you can 100% guarantee catching all cheaters, then cheating is +EV under your system. Disappointed, Dean [/ QUOTE ] |
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