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Dagon comments on Open Thread: July 2010, Part 2 - Less Wrong
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Casinos have an assymetry: creation of new casinos is heavily regulated, so there's no way for people with good information to bet on their beliefs, and no mechanism for the true odds to be reached as the market price for a wager.
Normally I wouldn't comment on a typo, but I can't read "assymetry" without chuckling.