3 ms·
I think I have the math right here, but let's say you start with > Capital = $100 1 time a day 5 days a week 50 weeks a year, you're going to take your capita
by huffmsa 7y ago
I think I have the math right here, but let's say you start with
> Capital = $100
1 time a day 5 days a week 50 weeks a year, you're going to take your capital and place that many $1 bets with it.
Let's say you net +1% on your deployed capital ever day.
After 250 rounds, you have $1215 in the bank.
Again, correct the math if I'm wrong. But scale that down to 0.57%, which is the win rate I saw, and they're making ~$600/yr, which is the stated average return.
Seems legit
- papln 7y ago> Let's say you net +1% on your deployed capital ever day. That's the "..." step in "1 steal underpants, 2 ..., 3 Profit!"
- huffmsa 7y agoWell yeah. But that's what they've figured out. It's unlikely, but not impossible.
- texasbigdata 7y agoThe book has more detail. They raised capital in the beginning.