Sacks: Chess betting lacks appeal because ratings render outcomes predictable
David Sacks · Google fires protestors, NPR chaos, Humane's AI Pin, Startup tax crisis, sports betting scandal · Apr 19, 2024 · at 1:22:45
David Sacks (founder and venture capitalist) compares the mechanics of chess and poker to explain why betting markets thrive in poker but fail to take off in chess.
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“No one bets on chess because it's so obvious who's going to win. There's like a very precise rating system and so in poker, the poker is very different because you can have players at the same table and you know, who are the great players who are not the great players, but still in any given hand, the underdog can win because you can basically suck out or whatever.”
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