High Speed Trading and the coming Online Lottery

d1nnl — Tue, 26 Jun 2012 02:59:00 GMT

I saw a hedge fund guy interviewed on a business channel and he admitted that the stock market is now dominated by people like him who use it to gamble more than actually place a value on stocks. He also admitted that using complicated math based on probabilities and statistics, that their strategy does not assure 100% win ratio but something less than that. Their strategy actually makes them win more than they lose and they make tons of money out of it.

Soon, states everywhere will allow onl... [ More ]