3 ms·
Some people make concave bets in high vol markets, most of such people are suckers.
by ivalm 7y ago
Some people make concave bets in high vol markets, most of such people are suckers.
- User23 7y agoThere is absolutely nothing wrong with making bets where the payoff is smaller than the money risked, so long as the bet has positive expected value and the bettor's risk management is sound. It's the idiots who lever up too high or otherwise disregard bankroll management who get ruined when a "sure thing" doesn't go their way.