Quants have made billions predicting changes in valuations.
Yes, and ex-quants have lost billions, the difference between a casino and a financial market is that the casino can tell you the odds up front.
Turnabout is fair play.
Two wrongs don't make a right. Marked cards are cheating, period. He knew it was cheating and is only sorry he got caught.
I've heard of security personnel *filling* hotel rooms with stolen gear from booths, and I know someone who stopped a theft-by-security-guard after hours a couple of years ago at CES. Those guys are about as trustworthy as a hungry bear.
If they purely overbook a flight and too many people show up, people getting bumped is known as an involuntary deferment. They used to have to cut you a check for the price of your ticket, up to $400. (And still get you there). Now that's been bumped up by the FAA ($800 or something).
If they have an equipment change that reduces seat count, they don't have to pay out cash. They can instead "compensate" you with credit on their airline that A) may not be spent at all and B) may require that you put more cash in later for an actual purchase. All the while, they get to hang onto the cash that you paid in the first place.
So the scam is that they schedule your flight (last of the day, for instance) on a plane that they *know* needs mechanical work. They don't do the work, and they "swap" planes at the last minute (to the plane that was *always* going to make that flight). Boom. Instant loophole.
I actually had these particulars explained to me by a United employee at the gate. She must have been having a shit day.
The Macintosh is Xerox technology at its best.