"It sucks that someone potentially tricked a temperature sensor with a hairdryer to scam actual gamblers out of potential winnings" really missed a chance to say it blows.
A lot of gambling is a scam executed form profit. A scam because very often one party unduly influences the outcome. Whether it's corruption to predetermine the result of a match, or a gambling machine that's programmed to not give the expected payout, or even a casino's rules that arbitrarily decide whether your win was legitimate or not, the industry is more scam than legitimate business.
This instance is what you could call a scam, maybe even fraud. But in the absence of manipulation or insider knowledge predicting the weather is pretty close to gambling. As is "does bitcoin go up or down in the next five minutes" or "how many tweets will Elon Musk post in the next couple days" (all real bets on Polymarket)
That'd be easier to game than "will somebody run onto the field in the next $sports game". Just bet yes and bring a hair dryer. Make sure somebody posts evidence to X so you can cash out
"It sucks that someone potentially tricked a temperature sensor with a hairdryer to scam actual gamblers out of potential winnings" really missed a chance to say it blows.
"actual gamblers"
That’s rather dry humour for such a hairy situation
It went over my head, but I think they’re full of hot air anyway.
Gambling addicts will really gamble on anything, won’t they? It’s a bit strange to see degenerate gambling dressed up as “predictions”.
This looks less like gambling addiction and more like a scam executed for profit.
A lot of gambling is a scam executed form profit. A scam because very often one party unduly influences the outcome. Whether it's corruption to predetermine the result of a match, or a gambling machine that's programmed to not give the expected payout, or even a casino's rules that arbitrarily decide whether your win was legitimate or not, the industry is more scam than legitimate business.
And who fueled the profits? Gamblers?
This instance is what you could call a scam, maybe even fraud. But in the absence of manipulation or insider knowledge predicting the weather is pretty close to gambling. As is "does bitcoin go up or down in the next five minutes" or "how many tweets will Elon Musk post in the next couple days" (all real bets on Polymarket)
Yes, gambling. That's literally what gambling is, a scam.
Gambling takes many forms.
If you and I flip a coin for $100, there's no scam.
Sooner or later someone will rig the coin
Potential for fraudulent activity makes something a scam? That list is gonna be long
We rename everything to make it cooler to sell. Probably been a thing since the times of the sea people.
It never occurred to me that Goodhart's law could be applied to betting, but here we are :)
Already discussed: https://news.ycombinator.com/item?id=47878208
Is there a bet available to determine if the weather forecasted was impacted by a hair dryer?
That's not a bad idea. It actually sounds like it could be a very useful hedge/insurance play.
That'd be easier to game than "will somebody run onto the field in the next $sports game". Just bet yes and bring a hair dryer. Make sure somebody posts evidence to X so you can cash out
I can't believe there's no honor among the gamblers!
Finally some hacking news!
Maybe it's bad to let people bet on anything, huh
2 weeks old news OP
https://news.ycombinator.com/item?id=47869664
https://news.ycombinator.com/item?id=47878208
hilarious title, engadget is still quality after all these years
climate change via hair drier ;D
Dupe from a little bit ago: https://news.ycombinator.com/item?id=47878208
A fool and his money etc etc.
You love to see it.