[banannaise]

Talking about "traditional" sports gambling rather than prediction markets: how do we account for the heavy restrictions they place on "sharps" (consistent winners)? If a game can be won through application of skill, but winning through application of skill causes you to be effectively banned, then the game cannot be won through application of skill.

[nemomarx]

Phrase it like this - market makers and casinos and other hosts really don't want it be a game of skill.

[bluGill]

They don't mind a few with skill so long as those people don't win too often and they brag about their winnings to others who then think they have skill.

of course if you had the skill to win big why would you not make that your job thus making too much.

[hamdingers]

The game is still won through the application of skill even if the house chooses not to play it with you.

[butlike]

Duration comes into play here. Is blackjack a single long game or is each hand a "game?"

[banannaise]

The house isn't a player. They offer the game for players to play. That is a fundamentally different role.

Saying that the house is playing the game against you is equivalent to saying that Nintendo is playing Super Mario Bros against you.