• Hazzia
    link
    fedilink
    arrow-up
    1
    ·
    3 months ago

    Don’t know shit abt gambling but if you can do that and not lose money doesn’t that defeat the entire purpose of gambling

    • Pronell@lemmy.world
      link
      fedilink
      arrow-up
      7
      ·
      edit-2
      3 months ago

      It’s what bookies do.

      They set the payouts and take bets from both sides so that the losers pay for the winners.

      After a little work it’s just math and turning away bets / adjusting payouts when you’re already too heavy on that side.

    • Bernie_Sandals@lemmy.world
      link
      fedilink
      arrow-up
      3
      ·
      3 months ago

      doesn’t that defeat the entire purpose of gambling

      In that it makes it not a gamble anymore yes, but if you get your math correct there’s a way you can at least break even no matter what, especially if it’s not a true gamble and there’s fundamentals behind your bet to study.

      Of course If you’re doing this much work it’s no longer fun, so it’s definitely not appealing to those who like gambling purely for the thrill.