Comment on The Stock Market is Just Financial Fantasy Sports

IWW4@lemmy.zip ⁨1⁩ ⁨week⁩ ago

• Blue_Morpho@lemmy.world ⁨1⁩ ⁨week⁩ ago

  A roulette wheel gives everyone a fair chance with only the house (stock exchange) taking a cut.

  The stock market lets people who make giant bets give themselves an advantage. Also if they are famous or powerful they can announce what they are going to pick which will help make that number win.

  source

  • pinball_wizard@lemmy.zip ⁨1⁩ ⁨week⁩ ago

    Then there are HFT’s which is like if the house let really rich people install a camera tied to a computer and place bets just before the ball lands in the slot.

    Not only that, but the winnings of camera instabet players are automatically deducted from everyone else’s winnings.

    source
• SaveTheTuaHawk@lemmy.ca ⁨5⁩ ⁨days⁩ ago

  A roulette wheel where a handful of old guys can just stop the wheel and put the glass ball wherever they want.

  source