Sports betting isn't exactly being against the house. In sports betting the hous... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		chrismcb on Jan 31, 2022 \| parent \| context \| favorite \| on: The rising human cost of sports betting Sports betting isn't exactly being against the house. In sports betting the house takes bets on both sides and then charges a percentage. Oh wait, you seem to understand this. The op was talking about making sports bets but being against the house.

ktc1 on Feb 1, 2022 [–]

I worked as a trader for a UK based bookmaker and in reality it wasn't like that. You were betting against the house and it was very rare for us to make money on any outcome.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact