Hacker News new | ask | show | jobs
by WorldMaker 1974 days ago
Risk analysis and sophistication are in no way orthogonal to gambling. They are hallmarks of gambling at the highest levels. Horse handicapping among horse racing gamblers is extremely similar in every form to the stock market. Even "simple" games like poker have extraordinarily complex risk analysis schemes at the highest levels and you can listen to all sorts of stuff in the World Series of Poker broadcast commentary alone.