Eliot Jacobson Ph.D.

When an advantage player looks at opportunities, two competing factors pull him in opposite directions. The first is the profitability of the opportunity, also known as expected value (EV). The greater the profitability, the more the AP wants to play the game.  In the other direction is volatility, also known as the standard deviation (SD).

My discussion of the Phil Ivey edge sorting case at Borgata starts at 28:23

In considering the accomplishment of Phil Ivey at Crockfords Casino (see this post), it is worth considering the full breadth of the problem of ill-designed cards and edge sorting. Phil Ivey did not get lucky by finding an especially rare card in a far-away location that could be sorted.

Today I was the interviewee on Casino Enterprise Management's (CEM) "Audio Edge" Internet radio broad/pod-cast. Here is the interview:  

The final approved written judgment by Mr. Justice Mitting in the case Phillip Ivey vs. Genting Casinos UK Limited has been released.

The primary directive of surveillance is to protect the casino’s assets. Because of this, surveillance must educate itself on as many different aspects of operations as possible. This continuing education is not rough around the edges: they’ve got to know it all. Identifying that something is funny means knowing the boundaries of normal and reasonable outcomes.