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[return to "Legalizing sports gambling was a mistake"]
1. Workac+0g[view] [source] 2024-09-26 16:35:54
>>jimbob+(OP)
Here is a wild idea:

Reshape the entire industry to be a decentralized/house-edge-free form, where any one player has a net 0% gain/loss outcome over time. Regulate what bets can be placed and their payouts so that winners win less amounts and losers lose less amounts (i.e. you don't get wiped out).

It will feel like gambling, but overtime is no different than coin flipping for lunch money with a coworker every day. Essentially math away the "house always wins" part.

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2. user90+FM1[view] [source] 2024-09-27 04:41:59
>>Workac+0g
great but who is funding that at %0? is it non profit? like website, company and math people there will have wages. so even 1% is impossible without incredibly big volume and liqudity.
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3. joketh+Oj2[view] [source] 2024-09-27 10:07:39
>>user90+FM1
If Americans are spending 1B per month and you capture 10M per month (1%) of the market, charging 1% gives you 100k / month for the business.

I think you could raise money and then sustain a lean business.

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