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Sports gambling is astoundingly popular for teen boys. Already the prevalence of zero sum games like crypto and day trading was getting to be too trendy for tee
by dghlsakjg 1y ago
Sports gambling is astoundingly popular for teen boys. Already the prevalence of zero sum games like crypto and day trading was getting to be too trendy for teenagers, and this shit just supercharges it.
- fn-mote 1y ago> prevalence of zero sum games like crypto and day trading Calling day trading “zero sum” seems like a huge stretch. To get the sum to be zero you need to include everyone involved in the market: institutional investors, hedge funds, etc. Somewhere between 87 and 95 percent of day traders lose money.
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- SchemaLoad 1y agoThere's so many of these absurd "investing" trends where financially illiterate people are getting tricked in to buying in to schemes where the only way to win is to be one of the insiders. Or more recently, the Counter Strike skin "investing" where a single change from a company can wipe out all of your investment. Had you bought actual regulated shares you could sue the company for deliberately crashing the value. But since video game skins are not a real investment. You have no protections at all.
- contravariant 1y ago...What? You're saying it's not zero sum because to make it zero sum you should include the big profitable corporations that are pumping in money? True it's not zero sum but that's like saying a casino isn't zero sum because you're playing against the house!
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- pjc50 1y agoIsn't that actually illegal in most jurisdictions? But the betting companies seem to have effectively bribed legislatures in the past couple of decades.