3 ms·

By design it's a game where people with inside knowledge or enough power to bend reality can steal money from people with gambling addiction. Automating your ad

By design it's a game where people with inside knowledge or enough power to bend reality can steal money from people with gambling addiction. Automating your addiction might not be the best move.

nkrisc 6mo ago
This is what markets like Polymarket boil down to. Normies can't win. Some will, of course, but that's just chance and there's no way if ensuring it's you. It's really no different than a casino: if you ever find yourself with more money than you walked in with, cash out and leave. Best strategy for most people though is to simply not participate and you'll break even.
- Bratmon 6mo ago
  You say that like it's bad thing, but really it's great! It gives us normies a way to see what the powerful are thinking.
  - kelvinjps10 6mo ago
    normies that don't enter the game, because the ones that do just loose their money
- conductr 6mo ago
  Except, the thing is, a decent portion of the population enjoys throwing money away in casinos. If they feel a similar level of enjoyment/entertainment from this type of market, then it's no different and they're playing for a non-financial purpose that your calculus isn't pricing in. Maybe a stretch but theoretically, if they enjoy it enough, it can serve as a much cheaper alternative to a casino and thus could actually have a positive net return to one's personal finances even while losing. And, I'm not even contemplating gambling addiction. There's a huge market of people that just go to Vegas once or twice a year and come home thousands of dollars poorer. But they don't need it, they may not gamble outside of Vegas, or nothing that would signal an addiction.
  - JumpCrisscross 6mo ago
    > If they feel a similar level of enjoyment/entertainment from this type of market, then it's no different If Polymarket were regulated like a casino, I’d actually have no problem with it.
  - kelvinjps10 6mo ago
    how can it be cheaper? people will spend the same amount or even more considering that is more easy to spend more since it's digital
    - conductr 6mo ago
      It's all hypothetical of course but I know Vegas has some high table/game minimums and these markets can be pretty cheap if you just want a piece of action. Also, eliminates the cost of actually traveling. Again, no idea if anyone sees this as a true substitute or not. My guess is not as Polymarket bets don't feel entertaining at all (IMO). So it's not filling that void for anyone, but it hypothetically could.
  - cryptonym 6mo ago
    > I don't have a gambling addiction, I just enjoy throwing money away in casinos. I come home thousands of dollars poorer. It's a net return to my finances. Totally healthy. Weird way to validate polymarket.
- cryptonym 6mo ago
  I fully agree with not participating and would go even further: it's far worse than a casino, which was already bad. It's not regulated. It has a stronger impact on the outside world. With bets you can put a target on people job or head.

By design it's a game where people with inside knowledge or enough power to bend reality can steal money from people with gambling addiction. Automating your addiction might not be the best move.

nkrisc 6mo ago

This is what markets like Polymarket boil down to. Normies can't win. Some will, of course, but that's just chance and there's no way if ensuring it's you. It's really no different than a casino: if you ever find yourself with more money than you walked in with, cash out and leave. Best strategy for most people though is to simply not participate and you'll break even.

Bratmon 6mo ago
You say that like it's bad thing, but really it's great! It gives us normies a way to see what the powerful are thinking.
- kelvinjps10 6mo ago
  normies that don't enter the game, because the ones that do just loose their money
conductr 6mo ago
Except, the thing is, a decent portion of the population enjoys throwing money away in casinos. If they feel a similar level of enjoyment/entertainment from this type of market, then it's no different and they're playing for a non-financial purpose that your calculus isn't pricing in. Maybe a stretch but theoretically, if they enjoy it enough, it can serve as a much cheaper alternative to a casino and thus could actually have a positive net return to one's personal finances even while losing. And, I'm not even contemplating gambling addiction. There's a huge market of people that just go to Vegas once or twice a year and come home thousands of dollars poorer. But they don't need it, they may not gamble outside of Vegas, or nothing that would signal an addiction.
- JumpCrisscross 6mo ago
  > If they feel a similar level of enjoyment/entertainment from this type of market, then it's no different If Polymarket were regulated like a casino, I’d actually have no problem with it.
- kelvinjps10 6mo ago
  how can it be cheaper? people will spend the same amount or even more considering that is more easy to spend more since it's digital
  - conductr 6mo ago
    It's all hypothetical of course but I know Vegas has some high table/game minimums and these markets can be pretty cheap if you just want a piece of action. Also, eliminates the cost of actually traveling. Again, no idea if anyone sees this as a true substitute or not. My guess is not as Polymarket bets don't feel entertaining at all (IMO). So it's not filling that void for anyone, but it hypothetically could.
- cryptonym 6mo ago
  > I don't have a gambling addiction, I just enjoy throwing money away in casinos. I come home thousands of dollars poorer. It's a net return to my finances. Totally healthy. Weird way to validate polymarket.
cryptonym 6mo ago
I fully agree with not participating and would go even further: it's far worse than a casino, which was already bad. It's not regulated. It has a stronger impact on the outside world. With bets you can put a target on people job or head.