The Nostalgic Nerds Podcast podcast

S3E10 - House Rules

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A Roman die hollowed out and filled with mercury, a slot machine that paid out in beer, and a casino floor that turned out to be a data centre. Every time gambling gets new technology it uses it to take more, faster, from more people, and every time the regulators arrive they set a limit on the house edge without getting rid of it. 

Marc and Renee go from Pascal’s arithmetic to near misses that are legal as long as they land just off the line, the first wearable computer, phone games that know what you’ll pay, and a sports bet relabelled as a financial contract. Come on...really? How can prediction markets be anything but gambling?!? Seriously, someone needs to explain that one.

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Join Renee and Marc as they discuss the history of technology, and what it teaches us about now.

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