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bro described sports gambling

17 hours ago
I don’t think prediction markets are gambling
Before you say bla bla bla you have the Kalshi badge you’re biased
I think gambling is when you put money into something that depends fully on probability and pure stats
where you can’t change anything
Like roulette, you pick a number and pray to the odds
Or slot machines, where you depend on an algorithm that you can’t influence
Prediction markets are different because you can actually change your odds
With research, with information, with timing, you can increase the probability of winning your position
You depend partly on your own work, not fully on the goddess of luck
Not the same imo
pretty sure the sportsbooks back in the day tried something similar to make people feel like they had edge through handicapping
for a bit you could have some marginal edge handicapping (or at least perceived edge - i used to try my hand at it) but you still wind up getting blown up because... it's gambling
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