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So it’s still gambling for the other participants who don’t have that insider knowledge then. If one person at a blackjack table is counting cards, does that ma
by mcmcmc 5mo ago
So it’s still gambling for the other participants who don’t have that insider knowledge then. If one person at a blackjack table is counting cards, does that make it not gambling for everyone else?
- SoftTalker 5mo agoI don't really think so, because if you don't have information in prediction markets, you are the patsy. Gambling is just hoping probability comes up in your favor. You'll lose over the long term, but you could win an individual bet. Neither is under your control or can be influenced by any "inside" information. The dice don't care what you know or don't know, and bets don't change the payout. Granted some types of "gambling" such as horse racing or sports in general are more like a prediction market than a true bet against odds, where knowing something that the general betting public doesn't know could be used to your advantage.