E21 - Can you lose money picking 60% winners?
Business of Betting Podcast
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The Cost of Participating in an Experiment
A third of the people actually went bust and more people went bust than hit the $250 maximum. A lot of finance people, you know, nobody sort of had the Kelly rule in mind or anything like that. There was kind of very little proportional betting. But we tended to not see people really sticking with any particular percentage either. It would be great to be able to do this with a much broader sample of people.
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