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11 sats \ 0 replies \ @mega_dreamer 12 Nov \ on: Every bet is for Bitcoin hitting 90k this month Stacker_Stocks
No one wants to bet against them--that’s the fundamental flaw with parimutuel betting systems. Unlike a true prediction market, where market forces shape fair odds, parimutuel setups just pool bets together, leaving you guessing on your final payout.
With parimutuel betting, the outcome is tied to who bets after you, not the actual probabilities or insights that make real prediction markets so powerful.