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Instead of relying on models these sites could rely on prediction markets to guarantee some fixed (percentage) income from the bet. Having the house set the ra
by constantcrying 1y ago
Instead of relying on models these sites could rely on prediction markets to guarantee some fixed (percentage) income from the bet.
Having the house set the rates creates a risk for the house it does not need to take. It seems like an outdated model to run a business like this.