3 ms·
But this is also true for playing the stock market. Indeed, the stock market and fantasy sites are extremely similar, with the same fundamental issue -- a smal
by grobbles 11y ago
But this is also true for playing the stock market.
Indeed, the stock market and fantasy sites are extremely similar, with the same fundamental issue -- a small number of people with a technical and information advantage are essentially skimming the table clean of the entry fees of a lot of people picking randomly or emotionally.
- nradov 11y agoIt's not really like the stock market since with stocks the majority of players "win" when measured over a sufficiently long time scale. A better analogy would be playing the derivatives market, which is zero sum (minus broker fees).
- grobbles 11y agoThe stock market has a winning history because it is, to some degree, a pyramid scheme -- a growing population == more entrants paying out those who entered earlier. When the population stops growing, that premise no longer holds. See: Japan.