This is the truth of the matter, ultimately nobody wins except the bookie, who profits either way.

eru 2 days ago | parent | next [-]

Hedging can itself be a useful service, even if the customer doesn't make money on average. Have you heard of insurance?

benmanns 2 days ago | parent | prev [-]

On 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 a day ago \| parent [-]
		In fact, Polymarket will subsidize you to do this: https://docs.polymarket.com/market-makers/overview https://docs.polymarket.com/market-makers/maker-rebates