3 ms·

The service is the house, and they take fees on bets, so they are the only ones guaranteed to win.

satvikpendem 5mo ago
By that logic market makers in the stock market are basically like a casino too. No one is of course guaranteed to win in anything but at least the stock market doesn't ban you for making too much money like a casino does.
- RIMR 5mo ago
  I mean, yeah, pretty much.
  - satvikpendem 5mo ago
    I can actually consistently make money in the stock market, not so in a casino.
    - hunterpayne 5mo ago
      There is an entire profession of Poker players that consistently make money in casinos but not from casinos. You simply don't understand how this all works.
      - satvikpendem 5mo ago
        Difference is average people can make money in the stock market on a consistent basis, while even the best poker players still get banned.
    - HDBaseT 5mo ago
      Meanwhile a lot of people don't make consistent money on the stock market. If it was "that simple" everyone would be making money on the stock market, but its not.
      - satvikpendem 5mo ago
        It is that simple, invest in broad market index funds.
    - InsideOutSanta 5mo ago
      I think we're running into the limitations of the English language. Things don't always neatly fit into categories. The stock market can be a casino, depending on how you interact with it. If you regularly trade and constantly watch your stocks, then it's a casino. If you buy some index funds and never look at them again until 10 years later, it's not a casino. There's no clear delineation between an investment and a bet; it's a Venn diagram with a huge overlap. I don't think that means that there is any question about where on the Venn diagram sites like Kalshi and Polymarket belong.
- nitwit005 5mo ago
  The casinos won't ban you if you take too much from other players. They ban you because you take to much from the casino itself. If you somehow caused some exchange to consistently lose money, I'm sure they'd cut you off.

By that logic market makers in the stock market are basically like a casino too. No one is of course guaranteed to win in anything but at least the stock market doesn't ban you for making too much money like a casino does.

RIMR 5mo ago
I mean, yeah, pretty much.
- satvikpendem 5mo ago
  I can actually consistently make money in the stock market, not so in a casino.
  - hunterpayne 5mo ago
    There is an entire profession of Poker players that consistently make money in casinos but not from casinos. You simply don't understand how this all works.
    - satvikpendem 5mo ago
      Difference is average people can make money in the stock market on a consistent basis, while even the best poker players still get banned.
  - HDBaseT 5mo ago
    Meanwhile a lot of people don't make consistent money on the stock market. If it was "that simple" everyone would be making money on the stock market, but its not.
    - satvikpendem 5mo ago
      It is that simple, invest in broad market index funds.
  - InsideOutSanta 5mo ago
    I think we're running into the limitations of the English language. Things don't always neatly fit into categories. The stock market can be a casino, depending on how you interact with it. If you regularly trade and constantly watch your stocks, then it's a casino. If you buy some index funds and never look at them again until 10 years later, it's not a casino. There's no clear delineation between an investment and a bet; it's a Venn diagram with a huge overlap. I don't think that means that there is any question about where on the Venn diagram sites like Kalshi and Polymarket belong.
nitwit005 5mo ago
The casinos won't ban you if you take too much from other players. They ban you because you take to much from the casino itself. If you somehow caused some exchange to consistently lose money, I'm sure they'd cut you off.