There is no house? Betting is against other players

throwawaypath a minute ago | parent | next [-]

You're not betting against "other players," your betting against institutional players that have an edge... A house edge, like a casino.

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InsideOutSanta an hour ago | parent | prev [-]

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

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satvikpendem an hour ago | parent [-]

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.

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RIMR 23 minutes ago | parent [-]

I mean, yeah, pretty much.

	▲	satvikpendem 13 minutes ago \| parent [-]
		I can actually consistently make money in the stock market, not so in a casino.