Memoirs of a Poker Bot Developer
21–29 of 29 posts
Re: Memoirs of a Poker Bot Developer
#22Earlier quoted context omitted.
Net profit is a factor of many things that have nothing to do with the bot. How good of a system you have for getting new accounts/ip addresses, how well you can funnel money from one dummy account back to you, how well you avoid detection, etc. Still, you can easily determine the mathematical certainty for a given win rate and sample size.
Net profit is a factor of many things that have nothing to do with the bot. How good of a system you have for getting new accounts/ip addresses, how well you can funnel money from one dummy account back to you, how well you avoid detection, etc. Those are ancillary factors that have an effect on net profit. They are not metrics. Taking the story from the post, if my "friends and family" were asking me about the "succ…
> I'd tell them how much money I've won (or lost), not the intricate details of how I play.
If only my poker pro friends were as considerate.
Seriously though, in the long run the money is the metric. Holding your own against great players won't pay the bills. Finding weak players at decent stakes is where it is at and as such this is part of the game.
Re: Memoirs of a Poker Bot Developer
#23Earlier quoted context omitted.
Net profit is a factor of many things that have nothing to do with the bot. How good of a system you have for getting new accounts/ip addresses, how well you can funnel money from one dummy account back to you, how well you avoid detection, etc. Still, you can easily determine the mathematical certainty for a given win rate and sample size.
Matt you hit the nail on the head. People like to think that if you can build a winning bot you can easily run it on a dozen computers and rake in millions of dollars. In reality, the logistics of running such an operation are prohibitively difficult--at least if you want to stay within the bounds of the law.
What was your bot's ROI and over how many games?
Re: Memoirs of a Poker Bot Developer
#24Earlier quoted context omitted.
Honestly I didn't even bother trying setting up multiple accounts. The money was a nice, but it really wasn't the primary goal. Plus, in order to maximize profits I would have had to tread in a lot of murky waters that I didn't want to be near. For example, say you have a roommate run the bot. How do you get the profits from his poker account into your bank account? Not as easy as it might seem.
Pro-tip: the legal solution to the roommate dilemma is limited power of attorney :)
But since online poker winnings are technically illegal in the US, doesn't that invalidate any legal standing over them, similar to how gambling debts are unenforceable?
Re: Memoirs of a Poker Bot Developer
#25Everything casino related should be considered spam, unless there is absolutely no mention of a real casino website. They are masters of deception and even if the post is tech related it should be watched closely. I know them for I've been inside the beast.
How you managed to amass 500+ karma points, I'll never know. I routinely see your comments voted down into oblivion. Kudos for persistence, I guess.
Oblivion used to be much deeper than -8. It must help.
Re: Memoirs of a Poker Bot Developer
#26I noticed in the article that PokerStars ensured screenshots were being blocked? How is this possible?
Re: Memoirs of a Poker Bot Developer
#27Earlier quoted context omitted.
Pro-tip: the legal solution to the roommate dilemma is limited power of attorney :)
But since online poker winnings are technically illegal in the US, doesn't that invalidate any legal standing over them, similar to how gambling debts are unenforceable?
Online poker winnings are not illegal in the US. Playing online poker (or any form of gambling other than sports betting) is provably illegal only in a few states.
But in those states, perhaps. I never had to pay an attorney to review that :)
Re: Memoirs of a Poker Bot Developer
#28I noticed in the article that PokerStars ensured screenshots were being blocked? How is this possible?
Great observation. I assume you mean because of the Screen Shot button on the bot software. I had to do that because when I tried taking screen shots of the few CAPTCHAs I saw, I wasn't able to paste it into MS Paint, so I built my own screen shot procedure. Not sure how they did it.
Re: Memoirs of a Poker Bot Developer
#29Earlier quoted context omitted.
Net profit is a factor of many things that have nothing to do with the bot. How good of a system you have for getting new accounts/ip addresses, how well you can funnel money from one dummy account back to you, how well you avoid detection, etc. Those are ancillary factors that have an effect on net profit. They are not metrics. Taking the story from the post, if my "friends and family" were asking me about the "succ…
Well, I was a professional poker player for over 5 years, and you're wrong. I looked at it the way he did in his article. We all do. You probably wouldn't tell your dad that stuff only because he likely wouldn't understand, but it would be at the front of your mind. We're obsessed with the performance metric, big bets per hour for live players, big bets per 100 hands (BB/100) for online. Standard deviations, results…
You obsess about that stuff or you end up broke.
So are you saying that, ultimately, profit is the most important metric? ;-)