Re: Is the Market Like Sports Betting
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You are aware that sports book agencies have a spread, and thats how they make money, right?
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More like a 10% vig. The same is not true for stocks. Also, stocks go up in value over time, and everybody wins.
If everyone bought 1 share of every stock in the entire stock market, everybody could end up with more money than they started with.
If everyone made 1 bet on every possible sporting event, almost everyone would be a loser, due to the vig. Do you see why?
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