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It's like looking at the popularity of sports betting and concluding that it's a viable way to make money.

And it is? Look at kindred group for example, they made >700 million GBP last year. seems viable enough to me!

To clarify, I mean for the bettors.

Oh... Then...I don't think I understood what your point was..

How is running a inference business similar to sports betting, but specifically placing bets, not running a successful sports betting business?

I'm drawing a parallel between the people who are fooling themselves with AI (ex: claude code users) and sports bettors.