IBKR Events Trader – Good or Bad odds (vs options)? Anyone with experience?

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Is this like a binary option where the house always win kind of product and rigged? [IBKR- Event Trader](https://eventtrader.interactivebrokers.com)

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hugo_posh on October 17, 2022 at 6:12 am
This really looks like simplified betting, not investing. I know this is called Wallstreet Bets but this is a bit too much on the nose i think.
SaintBiggusDickus on October 17, 2022 at 6:12 am
This is the purest form of gambling. Kinda like spinning the wheel at the casino. I was looking at this last week as well but I’d rather buy lottery tickets than play this.
Elforas_Tero on October 17, 2022 at 6:12 am
I have to check it against 5 points wide 0DTE spreads on SPX
faggie_dees on October 17, 2022 at 6:12 am
Put yourself in the shoes of a trader at a hedge fund. Do you think if you needed to hedge out $35mn that you would have the liquidity to trade in and out almost immediately?
No shop or peers I know use this product though the thought of arb’ing sounds interesting…

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