[SUYA] ひみつ :blabcatverified: on Nostr: nprofile1q…va5ua it's not that hard to understand if you scale it down say you and ...
nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqnc7yff5d6egw2qwn88pjvfhj54hclm40dduyyupnxkwsdlnl49msxva5ua (nprofile…a5ua) it's not that hard to understand if you scale it down
say you and 2 friends want to bet on horses, you pick each your horse and bet $10. In order to ensure that nobody refuses to pay you all give the $10 to john, who takes $5 as a commission. Whoever bet on the winning horse gets $25
if in this situation you did all 3 bets yourself you'd just be losing the commission
on a macro scale you have winning odds involved as well, but they don't change the simple fact that betting on all horses is going to be a net loss overall
say you and 2 friends want to bet on horses, you pick each your horse and bet $10. In order to ensure that nobody refuses to pay you all give the $10 to john, who takes $5 as a commission. Whoever bet on the winning horse gets $25
if in this situation you did all 3 bets yourself you'd just be losing the commission
on a macro scale you have winning odds involved as well, but they don't change the simple fact that betting on all horses is going to be a net loss overall