11–20 of 33 posts
Casinos seem like a perfect way to make it happen as they already have special regulatory exemption for a transaction type BB doesn't like.
Casinos seem like a perfect way to make it happen as they already have special regulatory exemption for a transaction type BB doesn't like.
1) Make a casino with slot machines/etc. Connect slot machines to a stock market day trading system that acts at random on each lever pull (I.E. buying and then selling 10 seconds later, when the price is a bit different)
2) Gamblers will gamble as they usually do, but since the stock market grows on average by 7% a year, they should theoretically come out ahead.
3) Casino can take 3.5% for setting everything up.
What would make this impossible?
Theoretically, is this idea possible? 1) Make a casino with slot machines/etc. Connect slot machines to a stock market day trading system that acts at random on each lever pull (I.E. buying and then selling 10 seconds later, when the price is a bit different) 2) Gamblers will gamble as they usually do, but since the stock market grows on average by 7% a year, they should theoretically come out ahead. 3) Casino can ta…
Theoretically, is this idea possible? 1) Make a casino with slot machines/etc. Connect slot machines to a stock market day trading system that acts at random on each lever pull (I.E. buying and then selling 10 seconds later, when the price is a bit different) 2) Gamblers will gamble as they usually do, but since the stock market grows on average by 7% a year, they should theoretically come out ahead. 3) Casino can ta…
Theoretically, is this idea possible? 1) Make a casino with slot machines/etc. Connect slot machines to a stock market day trading system that acts at random on each lever pull (I.E. buying and then selling 10 seconds later, when the price is a bit different) 2) Gamblers will gamble as they usually do, but since the stock market grows on average by 7% a year, they should theoretically come out ahead. 3) Casino can ta…
The gamblers will not come out ahead. The 7% return you mention requires buying and holding.
Theoretically, is this idea possible? 1) Make a casino with slot machines/etc. Connect slot machines to a stock market day trading system that acts at random on each lever pull (I.E. buying and then selling 10 seconds later, when the price is a bit different) 2) Gamblers will gamble as they usually do, but since the stock market grows on average by 7% a year, they should theoretically come out ahead. 3) Casino can ta…
Since that would essentially never happen on a 10-second buy/sell action on a real stock, I doubt any actual gambler would care to participate.
Turning the world's casinos into massively parallel crowd-sourced processing centers is a great idea.
If one can make this work this would be huge. One could offer casino style games at a house edge of 0% (house edge = the amount that the house wins on average on every bet). This would not only be a super compelling value proposition to gamblers, it would be a huge step towards eliminating problem gambling: A gambling addict that plays at a 0% house edge would not loose money in the long run. I run a small bitcoin ca…
This isnt true because the house edge is the average return. the individual players can have a positive or negative edge depending on their skill. this would be like playing poker without a rake.