E21 - Can you lose money picking 60% winners?
Business of Betting Podcast
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How to Find the 60, 40 Coin
The chances of getting a really high amount is lower compared to the median, right? That's eye opening. How on earth do people lose betting long term if they've got 60% sort of tips in their back pocket or they're handicapping a 60% it's quite easy to lose all of your money. It gets pretty problematic. There aren't many opportunities to make 60, 40 bets many times a year, but you can do a 60, 40 bet once a year. Probably investing in the stock market is generally a 60,40 bet oncea year.
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