Bitcoin study:
Gov's cut at the moment is 0%
The house's cut is apparently at most 0.25% per trade. I haven't researched enough but the wallet I use has a max of 0.25% and gets to 0.10% for a lot of volume.
In poker the house's cut is 5% per trade. Therefore in poker there has to be a massive edge for you against the fish in order for the biz to be profitable. Playing a weaker professional is not enough, the skill edge is not enough to beat the house's cut(rake)
Thursday, August 31, 2017
Poker and money related biz - who is THE FISH in the system?
I haven't taken any financial courses/schools.
My thoughts are simply extending my poker knowledge as a regular winner over 9 years to normal life and businesses.
My thoughts are simply extending my poker knowledge as a regular winner over 9 years to normal life and businesses.
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It's superficial to view them as partners or allies. They are a bit of both. They are splitting a cake.
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Bitcoin study: Gov 's cut at the moment is 0% The house 's cut is apparently at most 0.25% per trade. I haven't researched en...
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The fish = the person that funds that system. It's his money that fund all of the other entities in that system: the gov , the house...