To be fair that is how the house in sports betting tries to work. They adjust the odds, the payouts, the spread, or whatever they else need to do to make money irrespective of the result of the game. The house just takes their cut.
The result is similar, but a casino will definitely care if you keep winning, because then their profit margins go down. If you keep winning at Roulette or always bet on the right horse the house will cut you off. Prediction markets don’t care. They make the same money wether you lose or win all of your bets, cause your winnings don’t come out of the pot that the house manages, they come directly out of the pocket of the people who took you up on your bet. At least that’s what they say…
There are rumors that polymarket etc also act like the house sometimes and take bets that no one wants to take. But atm I think those are not confirmed.
To be fair that is how the house in sports betting tries to work. They adjust the odds, the payouts, the spread, or whatever they else need to do to make money irrespective of the result of the game. The house just takes their cut.
The result is similar, but a casino will definitely care if you keep winning, because then their profit margins go down. If you keep winning at Roulette or always bet on the right horse the house will cut you off. Prediction markets don’t care. They make the same money wether you lose or win all of your bets, cause your winnings don’t come out of the pot that the house manages, they come directly out of the pocket of the people who took you up on your bet. At least that’s what they say…
There are rumors that polymarket etc also act like the house sometimes and take bets that no one wants to take. But atm I think those are not confirmed.