Are gambing sites like Full Tilt or Poker Stars paranoid about bot poker players? Like HFT quant bots?

(Last Updated On: November 16, 2010)
Learn the Secret

Get  our 2 Free Books

Get these now which land directly to their inbox.
Invalid email address

Are gambing sites like Full Tilt or Poker Stars paranoid about bot poker players? Like HFT quant bots?

Another interesting articles. I guess high frequency trading would be similar to poker gamblers on those sites we hear about. Some highlights and questions:

Full Tilt removed an unstated number of players, confiscated the funds in their accounts, and pledged to redistribute this money to players who’d lost to the bots. PokerStars took similar action with 10 accounts in July.

Poker sites are paranoid about their customers thinking there are bots on the site – either run by their customers or the site themselves. People running bots are convinced the sites use them too, though not necessarily to thrash the customers, but to always provide opposition to keep the games going.

The sites don’t like to discuss bots at all. In a customer email regarding the latest bot cull, Full Tilt stated “For a number of reasons, we are unable to provide additional information regarding this case, including the players involved and the game type where it occurred.”

http://www.theregister.co.uk/2010/11/12/poker_bot_confidential/?goback=.gde_1643397_member_34995971

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
This entry was posted in Quant Opinion and tagged , , , , , , , on by .

About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs