Comment by MookyOne on 27/01/2021 at 04:39 UTC

78 upvotes, 2 direct replies (showing 2)

View submission: /r/wallstreetbets is making international news for counter-investing Wall Street firms that want to see GameStop's stock collapse. The palpable excitement is off the charts.

View parent comment

Oh it is absolutely a casino!

Replies

Comment by Mr_4country_wide at 27/01/2021 at 10:46 UTC

7 upvotes, 1 direct replies

I think its closer to betting on sports, in that if you know something that the "powers that be" dont, or if your analysis of whatever knowledge is available is better than theirs, you stand to make profit.

In a casino, most things have real odds that can be easily calculated, and the casino gives you odds that are marginally worse than real odds, so youll lose more than you win.

Comment by Wooden_Muffin_9880 at 27/01/2021 at 09:06 UTC

-5 upvotes, 0 direct replies

It’s a casino for idiots and a money printing machine for clever people with diligence