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It's the same basic process though isn't it? Making a bet on the basis of a guess about the future. Of course, it may be a very well educated guess or just a
by danparsonson 17y ago
It's the same basic process though isn't it? Making a bet on the basis of a guess about the future. Of course, it may be a very well educated guess or just a shot in the dark, but unless you can actually correctly predict the future, there is always some element of uncertainty involved.
- eru 17y agoIt's not about the uncertainty. But about aggregating information about that uncertainty through prices (in markets) or using that information to up your chances in, say, Poker. In `pure' gambling, like betting on a coin flip, everyone already has all information. So it's less interesting, and warrants a different category of game.