There actually is... what? Variations in local rules do not a market make. Where... | Hacker News

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		jerf on June 28, 2012 \| parent \| context \| favorite \| on: JPMorgan Trading Loss May Reach $9 Billion There actually is... what? Variations in local rules do not a market make. Where's the arbitrage between the difference in local rules?

TylerE on June 28, 2012 [–]

The gamblers visit the places with the best rules. If you're playing blackjack at $500 a hand, playing against a 1.1% house edge instead of a 1.2% house edge matters.

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