It's Like Playin' the Ponies, Ain't It?

You're rarely going to have 3 horses with equal probability of winning... so you have to handicap them to pick the more likely winner. Market works like that too.

 

Are the premiums the same for calls and puts?

 

I went to Vegas once with wifey and some friends. They hooting it up at the craps table. One person asked me why I was not playing a game or at least the slots. I replied, "I don't gamble". I didn't drop one quarter into a slot while there.

 

Want proof that it's gambling?

UNH.

The horse had a broken leg.
It got shot.

 

If you are literate with odds you can easily remove one outcome and create new quotations such as to bet against an outcome.

 

Who would have thought to buy 480P for .10?

Somebody did... there is 1038 OI for today.

 

That's handicapping... not gambling.

 

Insider trading.

Proof the game is fixed

 

Could be.

 

Good Morning Scataphagos,

Lol, you are correct. They are built from losing Gamblers that become addicted to chasing wins to recover losses.

Is it better to just trade Price TA, rather than Casino? lol