View Single Post
  #256  
Old 11-15-2006, 04:44 PM
StellarWind StellarWind is offline
Senior Member
 
Join Date: Feb 2004
Posts: 6,569
Default Re: Bots in PartyPoker\'s 6-max Limit games?

There are some problems with this analogy.

1. Rake levels are much higher than commodity trading costs. Entry into the market by large numbers of high-quality bots will result in an equilibrium in which no one except the house makes an appreciable amount of money. All current winning and breakeven human players will have to exit from the game.

2. Online bots don't just play poker, they cheat. No one can hold his own against a strong bot that is also colluding with other bots. Winning human players and "honest" bot makers alike will have no chance and be forced out.

3. Commodities trading serves an important economic purpose and computerized trading programs don't interfere with that purpose. They may create a problem for human traders such as yourself but farmers don't care and will continue to use the market to hedge their risks.

Poker does not serve an economic purpose. Poker is recreation and most recreational poker players don't want to play against bots or cheats, much less both at once. Widespread public realization that sites are infested with colluding bots would destroy the games.
Reply With Quote