News for hackers. Stuff that matters.

A comment on Introduction to Augur, an open-source, decentralized betting marketplace. Parent comment

Re:Introduction to Augur, an open-source, decentralized bett... by camjohnson26 on Monday August 20, 2018 @03:11PM (#17802919)
Still they would get low odds and the risk/reward ratio makes that a terrible bet since it would only take one accident to lose all your money. For like a 1% return.
[ Parent | on HN ]
Re:Introduction to Augur, an open-source, decentralized bett... by the_cat_kittles on Monday August 20, 2018 @03:47PM (#17803263)
if you think the odds of something happening are lower than the share price, you sell / short / buy "no". if you think they are more likely, you buy. the odds are 100% if you plan on killing someone, and surely some people will think its less than 100%. they will buy "no" shares because they think that its less than a certainty that someone is going to be assassinated.
[ Parent | on HN ]