Is this true

[LUCKMCFLY]

Reduction of irrational risks will help in establishment of a sound future and avoid failures in the cycle of irrational actions.

To achieve this, the person has to be aware of and Accept that they have taken unnecessary risks and that these risks do not correspond to the outcome, If the player understands this, then everything is simpler, but if it is a person who does not recognize it, then they will continue in that infinite cycle where only that person suffers.

[whiteblue]

The latest insider predictions on Polymarket regarding political events are the most striking example of this. Those who possess information will be able to profit, but the consequences and responsibility are another matter. Those close to power will face no consequences, but others will most likely be held accountable.

A good example of a political event where someone close or who had inside information took advantage was the US government capturing the Venezuelan president, and I believe that was the reason for the instant motion to prevent politicians from having connections with such bets, either by giving out information about it or betting on them themselves.

Yes, this is a clear example that people who have closer information to policy makers or government leaders will have an advantage over ordinary players who do not have such connections to information data. These big players are certainly willing to pay a high price just to win gambling with credible and trustworthy information from corrupt government members. The behavior in the poly market should indeed be stopped, they need to be limited, but how? I heard that they are anonymous, and it must be a free prediction market.

[leonair]

Is it true that big bettors don't just place bet?
Is it true that some big bettors have stronger data analysts working for them?
Is it true that these people wins more than someone who use small amount of money?

I am not sure about these things whether they are true or not. Because I do not think deeply about gambling. When I want to enjoy gambling, I deposit some amount of money here and continue gambling. And at that time I keep in mind that I will lose the money that I have deleted. When I gamble with this thought, I do not have any fear so I just enjoy the gambling game without thinking deeply. So I do not have a clear answer to how true or false these things you said are. However, those who are professional gamblers or regular gamblers can do this.

[silpersurfer]

Frankly, irrespective of whether or not tales about high-rollers with specialized data analysts and highly sophisticated systems are true, its possible that a few people with significant resources try to play more structured and cautiously. But in reality, that doesnt change the fundamental fact of gambling: the house edge remains.

Mostly, both the rich and the poor end up losers. The difference is mostly in what consumes them. The rich can be consumed slowly as their wealth dwindles while the poor can fall into a far more desolate state. Having more money does not automatically make one wise or safe from loss. 'Following someone else's bets - whoever they are - doesn't guarantee a profit either.' In the end, gambling is a high-risk game that more often leads to losses rather than profits for most people.

[Orpichukwu]

A good example of a political event where someone close or who had inside information took advantage was the US government capturing the Venezuelan president, and I believe that was the reason for the instant motion to prevent politicians from having connections with such bets, either by giving out information about it or betting on them themselves.

Yes, this is a clear example that people who have closer information to policy makers or government leaders will have an advantage over ordinary players who do not have such connections to information data. These big players are certainly willing to pay a high price just to win gambling with credible and trustworthy information from corrupt government members. The behavior in the poly market should indeed be stopped, they need to be limited, but how? I heard that they are anonymous, and it must be a free prediction market.

The prediction website allows anonymous play, but I still believe there are ways they could be able to locate some of those people who bet on such events with overconfidence. There is the type of staking where someone will stake in an event and keep on increasing their number of bets; that should obviously raise suspicions about the person's reason. It will be hard to locate those involved with information leakages or betting on them directly, but if they are being studied, they can be fished out.

[TheUltraElite]

To achieve this, the person has to be aware of and Accept that they have taken unnecessary risks and that these risks do not correspond to the outcome, If the player understands this, then everything is simpler, but if it is a person who does not recognize it, then they will continue in that infinite cycle where only that person suffers.

There are so many gamblers still stuck on this cycle. Then there are people who understand that they are losing good amount of money but cannot control themselves from playing more. Hence it is important to identify the problem and keep aside the emotions associated with it while still controlling the gambling habit.

Big analyst or big bettor does not mean a thing unless the person wins. The ones who eventually understand how casinos work will come aside from casinos and make money from alternate methods like promotions and podcasts to selling books on how to make money. Its a facade they have to put up to cover their debts.