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To go further, in your example it continues to pay out even if the $100 crowd outnumbers by 8 to 1. So it seems they could forego nearly 90% of the population a
by cheschire 7y ago
To go further, in your example it continues to pay out even if the $100 crowd outnumbers by 8 to 1. So it seems they could forego nearly 90% of the population and still profit more at a $1000 price, unless I’m missing something.