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Comment by kwar13

This article lacks even the most basic understanding of probability and statistics. Slot machines "93 cents on the dollar" return is a statistical certainty of 7% loss. You are playing a repeated game which by the law of large numbers will converge to the 93% probability.

In prediction markets if the markets are fully efficiently priced, in the absence of transaction costs you WILL get 100% back in the long run.

Slots are also unskilled games, prediction markets clearly some participants have a clear market edge, thus not efficiently priced.

parent kwar13 9 months ago

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