Comment on Insider trading, but make it worse

• SpaceNoodle@lemmy.world ⁨2⁩ ⁨months⁩ ago

  Hate to have to break it to you, but placing bets doesn’t alter the outcome.

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  • explodicle@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

    When the total amount wagered is large relative to the event, it creates an incentive for people to do things about it.

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    • IronBird@lemmy.world ⁨2⁩ ⁨months⁩ ago

      eh, 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

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    • SpaceNoodle@lemmy.world ⁨2⁩ ⁨months⁩ ago

      Is that what you’re going to do?

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      • explodicle@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

        By myself? Too poor.

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