Re: Pool Liquidity (865 Views)
Posted by:
BitPlayer (IP Logged)
Date: November 21, 2015 02:06PM
That's the second time I've noticed pool liquidity mentioned in this thread. It's not clear to me what it is or who it benefits.
If liquidity refers to the ability to make a large bet without significantly affecting the odds, wouldn't the bots need it more than the recreational player?
As a recreational player, isn't it better for me to bet without the bots and risk the effect that my bet will have on my edge than to bet with the bots and not have an edge to begin with?
My theory on the economics of it all is that the net takeout on bot bets is the price the bots are paying the track for the privilege of taking unsophisticated money (that would include mine) from their pools. It works for the tracks (or at least they think it does) because many players budget how much they are willing to bet rather than how much they are willing to lose.