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Casinos absolutely have that failure mode (which is why there are table limits) Casinos need to ensure that they have enough liquidity to withstand a large bet
by cortesoft 6y ago
Casinos absolutely have that failure mode (which is why there are table limits)
Casinos need to ensure that they have enough liquidity to withstand a large bet hitting. The law of large numbers only works if you can survive the short term swings.
- baq 6y agoFair point. In case of GameStop it was more like a casino running out of chips and being obliged to get them at any price. A real casino would simply stop letting people in... and that’s what happened with the help of DTCC.