alt Hacker NewsAgreed. So who are the outsider chumps taking the other ends of these bets? At this point, it doesn’t make sense to participate unless you’re an insider.
Agreed. So who are the outsider chumps taking the other ends of these bets? At this point, it doesn’t make sense to participate unless you’re an insider.
You can be an outsider with expertise, in which case you can still beat the non-expert outsiders.
So now who are the non-expert outsiders and why would they bet? Outsiders who think they are experts but are wrong.