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This is the truth of the matter, ultimately nobody wins except the bookie, who profits either way.
by Cthulhu_ 7mo ago
This is the truth of the matter, ultimately nobody wins except the bookie, who profits either way.
- benmanns 7mo agoOn Polymarket you can be the bookie and put up a yes at $0.72 and no at $0.74 if you’re confident in that 73% estimate.
- thaumasiotes 7mo agoIn fact, Polymarket will subsidize you to do this: https://docs.polymarket.com/market-makers/overview https://docs.polymarket.com/market-makers/overview https://docs.polymarket.com/market-makers/maker-rebates https://docs.polymarket.com/market-makers/maker-rebates
- eru 7mo agoHedging can itself be a useful service, even if the customer doesn't make money on average. Have you heard of insurance?