by Cthulhu_ 4 days ago
This is the truth of the matter, ultimately nobody wins except the bookie, who profits either way.
Hedging can itself be a useful service, even if the customer doesn't make money on average. Have you heard of insurance?
On Polymarket you can be the bookie and put up a yes at $0.72 and no at $0.74 if you’re confident in that 73% estimate.
In fact, Polymarket will subsidize you to do this: