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kibwenyesterday at 8:29 PM3 repliesview on HN

> I prefer prediction markets to gambling because the platform isn't the bookmaker.

Just because you prefer poker to slots, that doesn't suddenly mean that poker isn't gambling.


Replies

hunterpaynetoday at 3:03 AM

Slots have odds which change throughout the day and are usually (on average) pretty bad. In Poker, you play against other players, not the house. There is a rake which is very minor when compared against the average returns against other players.

They are fundamentally different. In slots, you bet against the house, in poker you bet against other players. So slots are gambling in the traditional sense. Poker however is no different than buying a house. There is still a house fee in both cases and in both cases you are betting against other people. And in poker, new players can enter and inject capital just like the housing market. You going to ban buying houses next? You can't eliminate risk from life.

You are basically trying out outlaw luck and randomness at this point.

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FajitaNachosyesterday at 9:05 PM

poker and slots are two very different variants of gambling. Sure, there is plenty of chance/variance in poker but there is an undeniable skill component that is lacking in slots.

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bkotoday at 12:59 AM

Where did I say it wasn't gambling. I said prediction markets are preferable to sports books like DraftKings. I don't like either personally but its an important distinction