By that logic market makers in the stock market are basically like a casino too. No one is of course guaranteed to win in anything but at least the stock market doesn't ban you for making too much money like a casino does.
There is an entire profession of Poker players that consistently make money in casinos but not from casinos. You simply don't understand how this all works.
The service is the house, and they take fees on bets, so they are the only ones guaranteed to win.
By that logic market makers in the stock market are basically like a casino too. No one is of course guaranteed to win in anything but at least the stock market doesn't ban you for making too much money like a casino does.
The casinos won't ban you if you take too much from other players. They ban you because you take to much from the casino itself.
If you somehow caused some exchange to consistently lose money, I'm sure they'd cut you off.
I mean, yeah, pretty much.
I can actually consistently make money in the stock market, not so in a casino.
There is an entire profession of Poker players that consistently make money in casinos but not from casinos. You simply don't understand how this all works.
There is a house and the house takes a rake just like a poker room. And a poker room is clearly not a securities exchange.
You're not betting against "other players," your betting against institutional players that have an edge... A house edge, like a casino.