Comment by csomar
2 days ago
It is not a casino in the sense that in the casino you are better against the house. Polymarket is basically an arbiter with financial infrastructure.
2 days ago
It is not a casino in the sense that in the casino you are better against the house. Polymarket is basically an arbiter with financial infrastructure.
For the purposes of understanding the behavior of those laying down bets, it is an irrelevant distinction.
I don’t know how this works but assuredly polymarket takes a cut, right? So if we were betting on a coin toss on polymarket, the payout would be less than 2 for both heads ands tail after accounting for polymarket’s fee. That’s not different from the rake for a poker game in a casino?