Have you ever wonder why you can never beat the bookmaker? In investing, there is a theory known as efficient market hypothesis. It states that you can never consistently beat the market because the market will always catch up once information becomes publicly known.
In any type of gambling, the bookmaker is the market. Isn't it strange that the odds they set are always unbeatable? Here is our explanation:
Bookmakers have information that gamblers do not know. Similarly in the stock market, many hedge funds which outperform the market indexes always have first-hand information, whether obtained legally or illegally.
Consider this: If its a 50% chance to win, why do bookmakers always win?
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