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Its accidentally $82,000. If you allow such a bug to be honored, then potentially it could manage a near-infinite payout. Such bugs becomes not a costly mistak
by setr 8y ago
Its accidentally $82,000. If you allow such a bug to be honored, then potentially it could manage a near-infinite payout.
Such bugs becomes not a costly mistake but instead existentially threatening
And we certainly don’t have a software industry capable of supporting that environment
- jazzyjackson 8y agoHedge funds seem to automate things in an environment where certain bugs are existentially threatening. They hire doctors of math and get their code correct. It's not impossible, just expensive.
- goobynight 8y agoRight. If you make system creation more expensive, the house needs to collect more juice. I think most sports betting consumers here prefer the current, lower cost, more diverse system with a slightly higher error rate. I'd reckon most people complaining here don't even bet on sports, but want to grandstand against bookies. I can understand that I guess.
- thejenk 8y agoI'm not going to comment on moral or legal responsibilities of bookies and gambling companies, because I am uneducated on both subjects, but I found your use of the term "collect more juice" really interesting. It seems odd to relate pulling revenue from fruit to pulling revenue from people's incorrect bets. Is that an industry term?
- LocalH 8y agohttps://en.wikipedia.org/wiki/Vigorish https://en.wikipedia.org/wiki/Vigorish
- hart_russell 8y agoThis isn't a nonprofit charity. It's a bookie. They decided to offer automated betting systems, in the hopes of winning money from their customers. They should stand behind those same systems when they don't work in their favor.
- ddingus 8y agoBest use humans then. Otherwise there is no trust. You know they did not inform people of errors the other way.
- jonknee 8y agoThe best part is they did use humans, this bet was placed in person. > The bettor, who identified himself to News 12 New Jersey as Anthony Prince, placed the wager over the counter at the sportsbook at the Meadowlands Racetrack
- fastball 8y agoThe software industry absolutely does have ways to prove a much higher level of code correctness than Paddy Power is demonstrating.
- krupan 8y agoWe do too have software that can be that reliable. A aviation and space flight are quick examples. Gambling houses probably don't want to pay the cost of that software, but it could be done.
- goobynight 8y agoIt wouldn't just be bookies paying that cost. It would be forwarded to the customers placing bets. I'd prefer to keep the costs low, since nobody is going to die and things aren't going to blow up. The worst that will happen is someone thinking they scored a huge payout and not getting it.
- girvo 8y agoSure, but in this case it’s not an infinite payout. And the courts will care about that more than an engineering hypothetical, i would wager.
- jonknee 8y agoIf you can't afford the errors you should not be in the business (but they can easily afford this error).