Tag: Gambling
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How Crypto Lost to DraftKings
There was a time when men gambled like savages. They staked their fortunes on dice and horses, whiskey-stained cards in desert casinos run by men with deep voices and dead eyes. But those were better days. Now, we have apps. We have algorithms. We have blockchain. Or so I thought. For the past month, I…
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The Game is Rigged but It needs More Players
In the wild and treacherous jungle of gambling, the house edge is the kingpin, the big shot with a gun in every corner. When it comes to the lottery, you’re staring down the barrel of a gun with a staggering edge—often over 30%. It’s as if the universe itself conspires against you in the most…
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Gamblers are Fragilistas
Dig this, man. These fragilistas, these jitterbugging fiends of the roulette wheel, ain’t some high rollers out for a score.Naw, they’re optionality junkies, strung out on the fumes of some imaginary jackpot. Blind as bats to the house edge, that meat grinder slowly chomping away at their stacks. Volatility, baby, that’s their drug. Each spin a potential freak wave of fortune, a Black Swan of bling that…