Tuesday, 5 November 2024

The Bitcoin Saga: A Decade of Digital Disruption

The Bitcoin Saga: A Decade of Digital Disruption

In the world of finance and technology, few narratives have captured global imagination as powerfully as Bitcoin’s ascent. Emerging from the ashes of the 2008 financial crisis, Bitcoin was introduced in 2009 by the enigmatic Satoshi Nakamoto. This digital currency quickly became a phenomenon, challenging the foundations of conventional finance and offering an alternative to traditional monetary systems.

Bitcoin’s inception was marked by the mining of the Genesis Block on January 3, 2009, by Nakamoto. Hidden within its code was a cryptic message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." This simple yet pointed line expressed a silent protest against the banking system, hinting at Bitcoin's purpose as a decentralized solution to financial centralization and its inherent risks.

At its core, Bitcoin operates on a blockchain—a decentralized ledger that maintains a transparent, immutable record of every transaction across a global network of computers. This unique infrastructure ensures that Bitcoin remains secure and resistant to manipulation, distinct from traditional fiat currencies. New bitcoins are created through mining, a process that secures the network by solving complex cryptographic problems, adding layers of trust and resilience.

Bitcoin’s early years were turbulent, marked by skepticism and dismissal from the mainstream. Detractors saw it as a passing fad, a bubble, or even a tool for illicit activities. Yet, as the technology matured, so too did interest and experimentation. In May 2010, programmer Laszlo Hanyecz conducted the first real-world transaction with Bitcoin, purchasing two pizzas for 10,000 bitcoins—a milestone now commemorated as "Bitcoin Pizza Day."

Initially, Bitcoin’s value was modest, but as awareness of its fixed supply—a total of only 21 million bitcoins—spread, its price surged. Its decentralized, borderless nature attracted those seeking an autonomous financial instrument, beyond the influence of central banks and resistant to economic crises.

A breakthrough came in 2017, when Bitcoin's price soared to nearly $20,000, capturing widespread attention. Institutional interest followed, with traditional investors and financial institutions eager to explore cryptocurrencies, giving rise to a wave of derivative products and expanding Bitcoin’s reach. This success, however, came with challenges. Volatility brought dramatic price swings, while regulatory bodies sought frameworks to manage this new asset class.

By 2021, Bitcoin reached new heights, buoyed by major institutional endorsements. Companies like Tesla and MicroStrategy announced significant investments, and El Salvador took the unprecedented step of adopting Bitcoin as legal tender, embedding it into the global financial conversation.

As Bitcoin commemorates a decade of extraordinary growth and resilience, it stands as a symbol of the digital finance revolution. Its journey from a whitepaper to a trillion-dollar asset reflects a profound shift in how society perceives and interacts with money. As Bitcoin faces questions surrounding its environmental impact, regulatory treatment, and future role, it remains a cornerstone of the digital era, its legacy tied to the ongoing evolution of decentralized technology. Whether it becomes a pillar of the global financial system or a complementary alternative, Bitcoin’s story will continue to inspire and transform.

Photo: Pixabay (free) 

Saturday, 2 November 2024

Saturday Evening at the Grosvenor Casino at Great Yarmouth

I don’t know about you, but these winter months feel like they drag on forever. With little sun or warmth, it seems like spring is taking its time to arrive. So, to bring some excitement to March, we’re planning a trip to the Grosvenor Casino in Great Yarmouth.

Yarmouth might seem a bit rough around the edges—maybe even a little neglected—but I have a soft spot for it. It’s filled with memories of family holidays and going to the races with my late father, Colin. Dad never got to visit the casino down Marine Parade, but he would’ve loved it.

To break up the winter monotony, we’re heading to Yarmouth on March 14th to see if lady luck smiles on the Fen Boys. I’ve had some luck with my “watch-the-paint-dry” roulette system, which, believe it or not, has brought in a few decent wins.

My cousin Danny came up with the idea, and it’s turning into a bit of a family affair. Joining us will be Tony, Gareth, Paul, Sue, Martin, and, of course, Dan the Man. Maybe a few more will join; we’ll see.

One of the best things about Yarmouth in winter is the hotel prices. Initially, I wanted to book at the Nelson Hotel but ended up at the Embassy on Camperdown. It’s a lovely street, probably Victorian, and we managed to get a family room with breakfast for just £50—about £16.70 each, which is a steal. David, the manager, is incredibly polite and welcoming, so we’re happy to be staying there again.

Dan the Man scored a single room with breakfast for just over £20—another unbeatable deal. I’ll be sure to tip the staff, no matter how the night turns out.

Just around the corner, there’s a gem of a restaurant called Pamela’s. It’s a mix of elegance and excellent value, with top-notch staff and delicious food.

And then, there’s the casino itself.

The Grosvenor Casino in Great Yarmouth is worth a visit, even if gambling isn’t your thing. Housed in a historic building, it has a charm that makes many modern casinos feel soulless. High ceilings, chandeliers, and a classic ambiance make it feel like a special place to enjoy a night out. The restaurant is affordable, but the atmosphere feels truly high-class.

I don’t go big on bets—it's more about the fun than anything else. My roulette strategy is simple: follow a single number that’s been lucky before and hope it hits again. There’s no logic to it, just luck, but it has worked out over the years with a few hundred pounds in winnings. I’ll probably stick to that for a couple of hours, unless the crowd makes it too much to enjoy.

Dan, Paul, Sue, and maybe Tony will be at the 3-card poker table. Personally, I’m not a fan; the rake on pair-plus bets is high, and even on a good night, the winnings aren’t great.

I’m also curious if Graham will be there this time. Last I heard, someone won a couple of grand in September from a small start, so there’s always a chance of a big win.

We’re looking forward to our session on March 14th, then returning to the casino for Sunday lunch before catching the train home. If you’ve never been to the Grosvenor Casino, it’s definitely worth a visit. And you don’t even have to place a bet to enjoy it!

Photo: Pixabay free no attribution 

Is Gambling Stupid Simple?

When you think of a gambler, what image comes to mind?

Chances are, it’s a negative one. Society often sees gambling through a lens of failure or loss.

Think of the people you know who gamble. Maybe some of them reinforce this stereotype. But it’s worth pausing to consider the nature of a gamble and how it shapes our lives.

Gambling isn’t limited to placing bets. Even if you’ve never set foot in a casino, you’ve taken countless risks every day. From big decisions to minor choices, life is filled with uncertainties. Crossing the street might not feel like a gamble, but for someone struck by a car, it was a choice with real stakes. So, saying “I don’t gamble” might actually be a bit naive. Embracing life as a series of calculated risks can make you more aware and prepared for outcomes—right or wrong.

That said, I wouldn’t advise gambling on sports for “fun.” Losing money isn’t enjoyable. People often say, “Are you betting with your head or your heart?” As a loyal fan, could you really bet against your team?

Betting often conjures images of fixed odds, like a roulette wheel. And long-term, games of chance are designed to favor the house. But sports betting isn’t all about luck. It’s a skill.

Take, for instance, Linford Christie in his prime. Against 99% of the male UK population, he’d be a sure bet. Playing chess with a county-level player would be a skill mismatch, too—you’d lose, not by chance, but by a gap in ability.

Sports betting operates on similar principles. If someone knows their sport deeply, it’s unlikely a casual bettor will beat them. Nine times out of ten, expertise wins out. That’s why it’s essential to know your niche and refine your knowledge. The satisfaction in gambling doesn’t lie in the wager itself; it’s in mastering the game, building skills, and putting years of learning to work.

It’s surprising how often people assume they can beat the odds without preparation. Imagine questioning a doctor’s diagnosis because you Googled something beforehand. The doctor’s knowledge is backed by years of training. Similarly, skilled gamblers aren’t just “lucky”; they’ve spent years studying, analyzing, and practicing.

And yet, a stockbroker is seen differently from a gambler. But aren’t they doing the same thing? Both professions rely on calculated risk and informed decisions. Their success is grounded in skill and experience, not in their job titles.

To put it in perspective, my skill in betting on two-year-old horse races is like comparing Linford Christie to a beginner runner. I know more because I’ve trained and practiced. You could, too, if you invested the time and effort. But you won’t just wake up one day with that expertise.

Life itself is filled with risks, whether they involve money or life choices. Each decision you make is, in a way, a gamble. Choosing to act or not can shape your future in profound ways. A single misstep, a wrong decision, can cost you dearly.

That’s why understanding the nature of risk is essential. By approaching life and betting with skill and preparation, you’re stacking the odds in your favor. So, if you choose to gamble, do it with knowledge and intention.

Saturday, 26 October 2024

Spectacular Investments In Penny Shares

Investing in penny shares, or stocks that trade at a low price per share, can be a risky business. These stocks often have lower market capitalizations and liquidity, making them susceptible to volatility and manipulation. However, for those willing to take on the risk, penny shares can offer the potential for spectacular investment gains.

One example of a penny share that saw spectacular gains is Plug Power Inc. (PLUG), a company that produces hydrogen fuel cells for forklifts and other vehicles. In 2020, PLUG's share price rose from under $4 to over $75, representing a gain of over 1,700%. 

This dramatic increase was due to several factors, including increased demand for alternative energy sources and a strategic partnership with South Korean conglomerate SK Group. It reminds me of the first time I visited privecity online casino which makes for an alternative gamble an great fun. PLUG's growth potential and partnerships with major companies such as Amazon and Walmart also fueled investor optimism.

Another penny share that saw significant gains is GameStop Corp. (GME), a video game retailer that saw its share price rise from under $20 in 2020 to over $400 in January 2021, representing a gain of over 2,000%.

The rise in GME's share price was due to a combination of factors, including the increased popularity of retail trading platforms such as Robinhood, a short squeeze initiated by Reddit users, and the involvement of high-profile investors such as Elon Musk.

While these examples of spectacular gains in penny shares are impressive, it is important to remember that they are not the norm. For every PLUG or GME, there are many penny shares that fail to deliver significant returns or even result in significant losses.

Investing in penny shares requires a high tolerance for risk and a willingness to do your due diligence as they vary to other forms of gambling, click here, which may be considered more for fun or leisure. It is important to research the company's financials, management team, and industry trends before investing. It is also important to diversify your portfolio and not invest all your money in one penny share.

In addition, it is important to be aware of the risks associated with penny shares, including the potential for manipulation, fraud, and insider trading. These risks are heightened in the penny share market, where there is often less regulation and oversight compared to larger companies... Despite the risks, investing in penny shares can offer the potential for high returns. The key is to do your research and invest wisely, rather than chasing the next big thing or getting caught up in hype.

In conclusion, spectacular investment gains in penny shares are possible, as demonstrated by the examples of PLUG and GME. However, these gains are not the norm, and investing in penny shares requires a high tolerance for risk and a willingness to do your due diligence. It is important to be aware of the risks associated with penny shares, including the potential for manipulation, fraud, and insider trading. By researching the company's financials, management team, and industry trends, diversifying your portfolio, and investing wisely, you can increase your chances of success in the penny share market.

Photo: Pixabay (free) 

Saturday, 12 October 2024

Bitcoin vs Horse Racing: Unveiling the Contrasts in Investment

Bitcoin vs Horse Racing: Unveiling the Contrasts in Investment
In the realm of investments, individuals are constantly seeking avenues that promise lucrative returns. Bitcoin and horse racing are two seemingly disparate options that attract investors for various reasons. While both involve an element of risk, they differ significantly in their nature, dynamics, and potential outcomes. In this article, we will delve into the distinctions between Bitcoin and horse racing, exploring their unique characteristics and discussing the pros and cons of investing in each.

Market Mechanism:

Bitcoin: 

Bitcoin operates on a decentralized blockchain, relying on a peer-to-peer network for transactions. Its value is determined by market demand and supply, influenced by factors such as adoption, regulations, and technological advancements. 

Horse Racing: 

In contrast, horse racing is a traditional form of gambling where the outcome is determined by the performance of horses in a race. The betting market is driven by factors like horse form, jockey skills, and race conditions.

Inherent Value:

Bitcoin: Advocates argue that Bitcoin possesses intrinsic value as a decentralized and finite digital asset. Its scarcity and the underlying technology, blockchain, contribute to its worth. Horse Racing: Horse racing, on the other hand, lacks inherent value beyond the entertainment and gambling aspect. The value is derived solely from the betting market, making it a riskier investment.

Volatility:

Bitcoin: Known for its price volatility, Bitcoin can experience significant price fluctuations within short periods. While this volatility presents opportunities for profit, it also introduces high risks. Horse Racing: While individual races can be unpredictable, the overall betting market for horse racing tends to be less volatile compared to Bitcoin. However, unexpected events can still influence outcomes.

Regulation:

Bitcoin: 

The regulatory environment for Bitcoin is evolving, with varying levels of acceptance and regulation across different countries. Regulatory developments can impact the market and investor sentiment. Horse Racing: Betting on horse racing is subject to specific regulations, often governed by gambling authorities. While these regulations provide a degree of consumer protection, they also limit potential returns.

Liquidity:

Bitcoin: 

Bitcoin markets generally boast high liquidity, allowing for relatively easy buying and selling. However, liquidity can vary depending on the exchange and market conditions. Horse Racing: Liquidity in horse racing is contingent on the popularity of specific races and betting markets. Less popular races may have lower liquidity, affecting the ease of placing bets.

Accessibility:

Bitcoin: With the advent of cryptocurrency exchanges, investing in Bitcoin has become increasingly accessible to the general public. Anyone with an internet connection can participate. Horse Racing: While horse racing is widely accessible through betting platforms and physical racecourses, the complexity of form analysis and strategies may limit entry for some investors.

Asset Tangibility:

Bitcoin: 

As a digital asset, Bitcoin lacks physical presence. Investors rely on private keys and digital wallets to store and manage their holdings. Horse Racing: Betting on horse racing involves tangible assets – tickets or digital equivalents – representing bets. However, the underlying assets (horses) are physical and subject to various uncertainties.

Long-Term Viability:

Bitcoin: 

Supporters argue that Bitcoin's underlying technology and scarcity make it a viable long-term investment, potentially serving as a store of value or digital gold. Horse Racing: The long-term viability of horse racing as an investment is subject to the industry's ability to adapt to changing cultural and regulatory landscapes, making it comparatively uncertain.


Bitcoin:

Pros:

Potential for High Returns: 

Bitcoin has exhibited substantial price growth in the past, attracting investors seeking high returns. Decentralization: The decentralized nature of Bitcoin appeals to those seeking financial independence and a hedge against traditional financial systems.

Cons:

Volatility: 

Bitcoin's price volatility introduces a higher risk of significant losses. 

Regulatory Uncertainty: Evolving regulations may impact the legality and acceptance of Bitcoin in various jurisdictions.

Horse Racing:

Pros:

Entertainment Value: 

Betting on horse racing provides entertainment alongside the potential for financial gain.

Regulated Markets: 

Betting on horse racing is often conducted within regulated frameworks, offering some level of consumer protection. 

Cons:

Unpredictability: 

The outcome of horse races is inherently uncertain, making consistent profitability challenging. 

Dependency on External Factors: 

Factors like injuries, weather conditions, or unexpected events can influence race outcomes, introducing additional risks.

Conclusion:

In the realm of investments, Bitcoin and horse racing stand as distinct options, each with its unique set of characteristics, risks, and potential rewards. While Bitcoin attracts investors with its decentralized nature and potential for high returns, horse racing offers a combination of entertainment and speculative opportunities. Investors must carefully evaluate their risk tolerance, preferences, and goals before choosing between these disparate yet intriguing investment avenues.

Photo: Pixabay (free) 

Thursday, 12 September 2024

How to Win Playing Roulette at Grosvenor Casino Great Yarmouth

I'm sure you read this post title and thought...

One of these statements: 

What a lot of rubbish...

Tell me more...

Is it possible?

Where is Great Yarmouth? What's roulette?

For all I know, you may have had all of those thoughts in that order. Mumbo jumbo, hey. We all know that you can't win playing roulette, hey? You can't beat fixed odds because the casino is guaranteed to win long term. 

I can't see how you can win playing roulette. It's the truth. However, it's a fact that I have been to the Grosvenor Casino at Great Yarmouth at least 10 times in the last few years and I am well in profit. So why is that? What is the reason? Have I just got lucky? I think, for the most part, I have been lucky. But there may be some reason why I have increased my chances. 

Compared with all other games you can play at any UK casino, roulette gives you the best odds of winning. I think the casino edge is 2.7% which compared with the likes of pair plus on three-card poker you are a winner without trying. I think pair plus takes about 6%, which is hard work. 

Anyway, let's get back to roulette. 

I figure the only way you can win at playing roulette is by using these three variables (if you can actually call them variable):


  • Luck
  • Playing for a couple of hours
  • Betting on a single number and corner
  • Betting level stake 


Yes, you need to be lucky to win. If you are unlucky you will play and not see a number come up once. 

My approach is simple. I look to see which number has come up a couple of times in the last hour or so and bet on that religiously. There is no logic to why the number should come up again but for whatever reason it often does. 

In addition to the single number, I will bet on a corner which includes the single number. This helps to give a few wins along the way (if you are lucky). 

Bet for a couple of hours. If you bet all day and all night the casino rake will gradually take its toll and you are sure to lose. But short term your odds are not that different from the casino. In fact, they often give free bets, drinks vouchers and incentives to get you through the door which can mean when betting £20 - £50 you are pretty much betting on a level playing field. 

Just keep betting on your single number and corner and hope you get lucky. 

Monday, 9 September 2024

Exploring Gambling Venues in Great Yarmouth

Exploring Gambling Venues in Great Yarmouth
Great Yarmouth, a charming seaside town on the Norfolk coast, is well-known for its vibrant entertainment scene. While its sandy beaches and historic piers are a major draw, the town also offers an exciting array of gambling venues that cater to both casual visitors and seasoned gamblers. Whether you’re in the mood for a thrilling night at the casino or a leisurely game of bingo, Great Yarmouth has something to offer. Here’s a look at some of the best places to gamble in this coastal gem. 

1. Grosvenor Casino Great Yarmouth: 

Located on Marine Parade, the Grosvenor Casino is a top destination for those seeking a classic casino experience. Housed in a beautiful, historic building, this casino offers a wide range of gaming options, including popular table games like roulette, blackjack, and poker. The casino also features a selection of slot machines for those who enjoy a quick spin. Grosvenor Casino isn't just about gambling; it also offers a stylish bar and restaurant where you can relax with a drink or enjoy a meal. The atmosphere is friendly and welcoming, making it an excellent choice for both newcomers and experienced players. 

2. Palace Casino: 

Just a short stroll from the Grosvenor, the Palace Casino is another fantastic venue located on the seafront. This casino boasts a modern interior with a wide variety of gaming options, including electronic roulette, slot machines, and classic table games. The Palace Casino is particularly known for its poker scene, hosting regular tournaments that attract players from across the region. The venue also features a bar area where you can unwind with a cocktail or grab a bite to eat. With its lively atmosphere and range of gaming options, the Palace Casino is a must-visit for anyone looking to try their luck in Great Yarmouth. 

3. Pleasure Beach Amusements: 

For a more family-friendly gambling experience, head to Pleasure Beach Amusements on the South Beach Parade. This classic amusement arcade offers a nostalgic trip back in time with its array of penny slot machines, claw machines, and arcade games. While the stakes are lower here compared to the casinos, Pleasure Beach Amusements provides endless fun for all ages. It’s a great place to enjoy some light-hearted gambling in a relaxed and casual environment. Plus, its location right next to the iconic Pleasure Beach theme park makes it a convenient stop during a day out in Great Yarmouth. 

4. Mecca Bingo Great Yarmouth: 

If you prefer the excitement of bingo, Mecca Bingo on Fullers Hill is the place to be. This popular bingo hall offers regular sessions throughout the week, with the chance to win big prizes. The venue is spacious and well-organized, with friendly staff who are always on hand to help if you're new to the game. In addition to bingo, Mecca also features a selection of slot machines for those who want to mix things up. The hall has a vibrant and social atmosphere, making it a favorite among locals and visitors alike. 

5. The Mint: 

Located in the heart of Great Yarmouth, The Mint is a smaller, more intimate venue that offers a mix of traditional slot machines and electronic gaming terminals. It’s perfect for those who prefer a quieter, more laid-back gambling experience. The staff at The Mint are known for their friendly service, and the venue has a cozy atmosphere that makes it easy to relax and enjoy your time. 


Conclusion: 

Great Yarmouth offers a diverse range of gambling options, from the glitz and glamour of its casinos to the nostalgic charm of its amusement arcades. Whether you’re a serious gambler or just looking for some fun, you’ll find plenty of places to try your luck in this vibrant seaside town.

Photo: JC

Sunday, 1 September 2024

That Horse Looks Hopeless - I'm Sure it Can Win!

What is your type of bet? Perhaps you're a favourites man. You bet on the jolly like it's going out of fashion. In fact, you can't remember the last time you didn't back the horse which sits at the top of the market. 

There's nothing wrong with that. You do what you do. If it pays you are correct – if you lose you are wrong. We are talking long term. Even the best of successful gamblers appreciate they need to view their performance over a season. One well-established platform who say let's beat the bookies with OLBG via this handy link https://www.olbg.com/betting-tips/Horse_Racing/2  and make the most of your wagers on a daily basis. 

It is interesting to consider how you bet. I know for the majority this doesn't even register. You go in the bookmakers, check out the Racing Post, last three runs, looks ok, and bet. I'm not being funny, but compare to someone who knows a lot about betting it is boarding on criminal. If you can make your betting pay with that minimalistic style you are one lucky guy. Sadly, it's not possible. 

Why? Because you are looking at the same information as everyone else. When gambling there really isn't strength in numbers. You need to remove yourself from the crowd. You need to have your own perspective. A quiet approach which taps into value bets. 

Basically, you need to understand your niche. We go from horse racing in its entirety to a segment of the pie. Sure, the whole apple pie tastes sweet but just a little part can taste sweeter. Perhaps it has been sprinkled with cinnamon! 

My speciality is two-year-old horse racing. Our other contributor, Eric Winner, follows sprinters.

It's impossible to follow all racing. Why would you want to run ten marathons when you can win one and bet five times the money? You can see the logic. You will be better than others when you put more work into your niche and understand that you don't need to be the best punter on earth. You have to be a little bit better than most! 

That's why I come to horses which look pretty damn hopeless.

I can imagine what you are thinking. Why the hell do you want to do that? Because I can pretty much guarantee most people have written off it's chance. That can be a very good thing for me. Because some layer somewhere is a little greedy and keeps pushing the price from big, bigger to biggest. 

Those huge odds can relate to value. 

When considering betting on two-year-old horses it's easy for even a decent juvenile to disappoint on its first two starts. I can tell you, very few layers fear a horse that has disappointed both starts.

''Let's lay this thing as it's as slow as a snail.'' Most of these horses are – but not all. I've seen a lot of these horses run big races on their third start and a number have won. One of them at 999/1 on Betfair. Whether you bet on the favourite or the outsider, find a novel way of betting. If you follow the crowd long term you will never beat the bookies.

Sunday, 21 July 2024

Is Horse Trainer Form Important?

Is Horse Trainer Form Important?
Having followed two-year-old horse racing for over 30 years I've learned a few things. Those little gems of wisdom which may not seem so interesting. However, after the race, you realise there is more to this racing game than meets the eye. 

I always remember one racing pundit saying that stable form wasn't important. He had some kind of fuzzy logic on the subject which may have held a grain of truth. However, I think if you follow a stable that is out of form then you will bet loser after loser. 

Any punter worth their salt will make sure they use UK online bookmakers free bets as it helps keep you ahead of the game and those dastardly bookmakers. 

Following this season's two-year-old horse racing I've noted the trainers who are in flying form and those others who are simply struggling to find a winner. The difference between trainers is marked. And if you have any sense, you will be following a stable that's hit a purple patch. As I say to my gambling friends: 'You're not trying to climb a mountain.' 

Just find a winner!

Trust me, trying to tip a winner on a trainer out of form is like being stranded in the Alps, you're only friend some goat who lives on a cliff edge. 

One major factor is that a trainer with many winning two-year-olds knows what it takes to win a race. In truth, if a horse achieves a certain level of ability it is likely to win a race. A trainer can use form lines to select certain races or horses who they feel they can beat. This is much more difficult for trainers who have a small number of two-year-olds or they have a string which is limited in ability. 

You may be thinking this isn't true but if you follow ten stables you will find those with winning horses continue to win. It is as though they have the Midas Touch. This season's star trainers include Clive Cox. He has been in excellent form all season and I can bet he will continue to follow in that rich vein of form. 

Compare him to James Tate. Not only has his number of juveniles been depleted but the form of his youngsters has been poor compared to previous years. 

If you know little about horse racing, I would suggest you follow a stable that is in form because they are literally hot property. Keep away from those trainers on the cold list. 

Photo JC 2024  


  

Tuesday, 11 June 2024

Can Poker Players Beat The Best Computers Using Artificial Intelligence Like Libratus?

For years, poker has been a game dominated by human players who rely on their skills, experience, and intuition to outwit their opponents. However, in recent years, computers and artificial intelligence (AI) have become increasingly powerful, raising the question of whether a human poker player can still compete and even beat the best computer. The short answer is yes, it is still possible for a human poker player to outplay a computer. However, it is becoming increasingly difficult as computers and AI continue to improve. Computers have some advantages over human poker players, such as the ability to analyze large amounts of data quickly and accurately, and to make complex calculations with ease. They also have perfect memory and can remember every hand played, which is a huge advantage when it comes to making decisions.

However, computers also have some limitations. They lack the intuition and emotional intelligence that humans possess, which can be crucial in making the right decisions at the poker table. They are also limited by their programming and cannot adapt to unexpected situations as easily as humans can.

In 2015, a computer program called "Claudico" was created to compete against a team of professional poker players in a tournament called the "Brains vs. Artificial Intelligence". The tournament was held over 20 days, with each day consisting of 3,000 hands of no-limit Texas hold'em.

In the end, the human players came out on top, winning a total of $732,713 in chips compared to the computer's $622,433. This was a significant victory for the human players, but it is important to note that the tournament was only played over a short period of time, and the computer program was not perfect.

Since then, computer programs and AI have continued to improve, and in 2017, a new program called "Libratus" was created to compete against four human players in a similar tournament. This time, the computer program was able to defeat the human players, winning a total of $1.7 million in chips.


However, it is worth noting that the human players still won some hands and were able to adapt and adjust their strategies throughout the tournament. This highlights the fact that even the best computer program still has limitations and can be beaten by skilled human players.

In order for a human poker player to best a computer, they need to be able to exploit the computer's weaknesses and take advantage of the computer's lack of intuition and emotional intelligence. They also need to be able to adapt and adjust their strategies as the game evolves, something that computers and AI are not always able to do.

In conclusion, it is still possible for a human poker player to outplay a computer, but it is becoming increasingly difficult as computers and AI continue to improve. While computers have some advantages over human players, they also have some limitations, such as their lack of intuition and emotional intelligence. Skilled human players can exploit these weaknesses and adapt their strategies to best the best computer. However, as technology continues to advance, it remains to be seen how long humans will be able to compete with computers and AI in the game of poker.

Photo: Pixabay (free) edited with Canva