No, you bet 100 x $1, win 50.75% of the time, so you make $1.5 in profit. Now re... | Hacker News

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		tomp on Jan 29, 2020 \| parent \| context \| favorite \| on: Medallion Fund “Stretches Explanation to the Limit... No, you bet 100 x $1, win 50.75% of the time, so you make $1.5 in profit. Now repeat 1bn times.

hash872 on Jan 29, 2020 [–]

But if you're losing (undefined amount of money) on 49.25% of the trades....

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