The service is the house, and they take fees on bets, so they are the only ones guaranteed to win.
replyBy that logic market makers in the stock market are basically like a casino too. No one is of course guaranteed to win in anything but at least the stock market doesn't ban you for making too much money like a casino does.
replyThe casinos won't ban you if you take too much from other players. They ban you because you take to much from the casino itself.
replyIf you somehow caused some exchange to consistently lose money, I'm sure they'd cut you off.
I mean, yeah, pretty much.
replyI can actually consistently make money in the stock market, not so in a casino.
replyThere is a house in the house takes a rake just like a poker room. And a poker room is clearly not a securities exchange.
replyYou're not betting against "other players," your betting against institutional players that have an edge... A house edge, like a casino.
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