andros_rex@lemmy.world to A Boring Dystopia@lemmy.world · 1 month agoInsider trading, but make it worselemmy.worldimagemessage-square76linkfedilinkarrow-up1935
arrow-up1935imageInsider trading, but make it worselemmy.worldandros_rex@lemmy.world to A Boring Dystopia@lemmy.world · 1 month agomessage-square76linkfedilink
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up1·1 month agoHate to have to break it to you, but placing bets doesn’t alter the outcome.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up2·1 month agoWhen the total amount wagered is large relative to the event, it creates an incentive for people to do things about it.
minus-squareIronBird@lemmy.worldlinkfedilinkarrow-up1·edit-21 month agoeh, when there’s large discrepancies it’s more so about making $ on the swings up until the event passes. it’s called arbitrage, it’s not gambling if you know the actual likely result…then it’s just mathing out the risk/reward and win/loss ratios
Hate to have to break it to you, but placing bets doesn’t alter the outcome.
When the total amount wagered is large relative to the event, it creates an incentive for people to do things about it.
Is that what you’re going to do?
By myself? Too poor.
eh, when there’s large discrepancies it’s more so about making $ on the swings up until the event passes. it’s called arbitrage, it’s not gambling if you know the actual likely result…then it’s just mathing out the risk/reward and win/loss ratios