5 ms·
There is no house? Betting is against other players
by theragra 4mo ago
There is no house? Betting is against other players
- InsideOutSanta 4mo agoThe service is the house, and they take fees on bets, so they are the only ones guaranteed to win.
- satvikpendem 4mo agoBy that logic market makers in the stock market are basically like a casino too. No one is of course guaranteed to win in anything but at least the stock market doesn't ban you for making too much money like a casino does.
- RIMR 4mo agoI mean, yeah, pretty much.
- satvikpendem 4mo agoI can actually consistently make money in the stock market, not so in a casino.
- hunterpayne 4mo agoThere is an entire profession of Poker players that consistently make money in casinos but not from casinos. You simply don't understand how this all works.
- satvikpendem 4mo agoDifference is average people can make money in the stock market on a consistent basis, while even the best poker players still get banned.
- HDBaseT 4mo agoMeanwhile a lot of people don't make consistent money on the stock market. If it was "that simple" everyone would be making money on the stock market, but its not.
- satvikpendem 4mo agoIt is that simple, invest in broad market index funds.
- InsideOutSanta 4mo agoI think we're running into the limitations of the English language. Things don't always neatly fit into categories. The stock market can be a casino, depending on how you interact with it. If you regularly trade and constantly watch your stocks, then it's a casino. If you buy some index funds and never look at them again until 10 years later, it's not a casino. There's no clear delineation between an investment and a bet; it's a Venn diagram with a huge overlap. I don't think that means that there is any question about where on the Venn diagram sites like Kalshi and Polymarket belong.
- nitwit005 4mo agoThe casinos won't ban you if you take too much from other players. They ban you because you take to much from the casino itself. If you somehow caused some exchange to consistently lose money, I'm sure they'd cut you off.
- throwawaypath 4mo agoYou're not betting against "other players," your betting against institutional players that have an edge... A house edge, like a casino.
- Zigurd 4mo agoThere is a house and the house takes a rake just like a poker room. And a poker room is clearly not a securities exchange.
- neop1x 4mo agoYou are betting against insiders, or rather giving money to insiders...
- dzhiurgis 4mo agoOk, who are insiders for these bets: * What price will Bitcoin hit in May? * SpaceX IPO closing market cap above ___ ? * Highest temperature in Amsterdam on May 26? * Presidential Election Winner 2028
- hackyhacky 4mo ago> What price will Bitcoin hit in May? Quick reminder that POTUS has power to strongly influence Bitcoin price [1] > SpaceX IPO closing market cap above ___ ? Quick reminder that SpaceX gets most of its money from the US government [2] To say nothing of oil and other commodities affected by war [3] In short, an insider is literally anyone who knows what the president is going to say tomorrow. [1] https://www.coindesk.com/markets/2026/04/20/five-times-president-trump-made-a-statement-that-moved-bitcoin-and-why-it-might-happen-again-this-week https://www.coindesk.com/markets/2026/04/20/five-times-presi... [2] https://spacenews.com/spacex-wins-2-29-billion-space-force-contract-for-military-data-network/ https://spacenews.com/spacex-wins-2-29-billion-space-force-c... [3] https://www.cbsnews.com/news/betting-on-iran-war-insider-trading-concerns-prediction-markets-60-minutes/ https://www.cbsnews.com/news/betting-on-iran-war-insider-tra...
- daemin 4mo ago1) Anyone at a company trading in bitcoin. 2) SpaceX employee or board member. 3) Anyone with a blow drier that knows which weather monitoring station is used. 4) Campaign insider that can sabotage their candidate's chances of winning.
- dzhiurgis 4mo agoYou are absolutely clueless.