alt Hacker News>you can always just take the same amount of money and bet it on the stock market.
There's a big difference between betting on sports (zero sum) and buying stocks (ownership in a company), even if the latter can be silly at times.
>you can always just take the same amount of money and bet it on the stock market.
There's a big difference between betting on sports (zero sum) and buying stocks (ownership in a company), even if the latter can be silly at times.
The gambling addicts who get their fix from the stock market are mostly not buying stocks. They're mostly buying puts and calls, which are much closer to bets (you win big or you lose it all), and much closer to zero-sum (either you or the guy you bought it from loses). If they are just buying straight stocks, it's either a meme stock like GME or multiple-leveraged.