andros_rex@lemmy.world to A Boring Dystopia@lemmy.world · 9 days agoInsider trading, but make it worselemmy.worldimagemessage-square136linkfedilinkarrow-up11.23Karrow-down18
arrow-up11.22Karrow-down1imageInsider trading, but make it worselemmy.worldandros_rex@lemmy.world to A Boring Dystopia@lemmy.world · 9 days agomessage-square136linkfedilink
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up2·9 days agoThere’s some bets I wouldn’t mind losing.
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up1·9 days agoHate to have to break it to you, but placing bets doesn’t alter the outcome.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up3·9 days agoWhen the total amount wagered is large relative to the event, it creates an incentive for people to do things about it.
minus-squareIronBird@lemmy.worldlinkfedilinkarrow-up1·9 days agoeh, when there’s large discrepancies it’s more so about making $ on the swings up until the event passes. it’s called arbitrage, it’s not gambling if you know the actual likely result…then it’s just mathing out the risk/reward and win/loss ratios
There’s some bets I wouldn’t mind losing.
Hate to have to break it to you, but placing bets doesn’t alter the outcome.
When the total amount wagered is large relative to the event, it creates an incentive for people to do things about it.
Is that what you’re going to do?
By myself? Too poor.
eh, when there’s large discrepancies it’s more so about making $ on the swings up until the event passes. it’s called arbitrage, it’s not gambling if you know the actual likely result…then it’s just mathing out the risk/reward and win/loss ratios