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My intuition is that it is a lot like sports betting: many laypeople bet for what they hope will happen, rather than trying to beat the market earnestly. The w
by david-gpu 5mo ago
My intuition is that it is a lot like sports betting: many laypeople bet for what they hope will happen, rather than trying to beat the market earnestly.
The winners, as you point out, are the house and those with insider knowledge.
- Ylpertnodi 5mo ago... like a horse that is held back for a while and comes in at 23-1.a
- tyre 5mo agoIt’s extremely like sports betting, because the vast majority of their volume is sports betting.