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How to make money off people who claim the dice are rigged

Posted By: Timothy Chow
Date: Sunday, 18 October 2015, at 4:51 p.m.

In Response To: How to make money off people who claim the dice are rigged (Joe Russell)

Joe Russell wrote:

But, you may get both rational and irrational players willing to take insurance on big cubes to protect against huge swings, especially if the vig is reasonable, which could be a money maker for the site.

I don't play online, but I could see myself taking insurance in a situation where I feel that I'm at risk of getting steamed. Perhaps I really really don't want to lose this game and there's really only one way I can lose, and I know I'll get upset if it happens. By taking insurance, I at least get a payoff if I do lose.

By the way, I think there's a continuum between "rational" and "irrational" players. Most "rational" players are still not totally immune from the visceral reaction that "something is going on" when the opponent gets a run of good luck. Insurance is very tempting in such situations.

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