Grasping Reality on TypePad, by Brad DeLong

using a technique known as edge sorting, at Genting’s Crockfords casino in London, according to his lawyers. Genting refused to pay up, saying the practice is unfair. A casino ‘is a cat and mouse environment, it is an adversarial environment,’ Richard Spearman, Ivey’s lawyer said in court. ‘It doesn’t mean you have to be dishonest.’ Ivey, who sued Genting last year, argues that edge sorting isn’t dishonest and he should be paid the money.... Both sides agree that Ivey was in the casino in August 2012 and that he won the money.... Edge sorting is a way a card player can gain an advantage by working out the value of a card by spotting flaws or particular patterns on the back of certain cards.... It’s agreed ‘in the present case that there are legitimate strategies that may used by skilled players which have the purpose and effect of providing the player, rather than the casino, with the advantage on particular bets,’ Spearman said in court documents...