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latency-guy2today at 3:35 AM3 repliesview on HN

Why would the opposing side of that exact same bet allow themselves to be fleeced of all that money for free?


Replies

gpmtoday at 3:40 AM

You're asking why someone hiring a hitman would be willing to part with their money?

Because that's what money is for, to purchase things, like hitmen (apparently).

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dragonwritertoday at 3:40 AM

The opposing side is getting paid, not getting fleeced.

intendedtoday at 5:58 AM

Asymmetry of information. Fixed bets depend entirely on a small enough group with the ability to influence the outcome, keeping their mouths shut.