“So 60% of the time it would land on heads. 40% of the time…” — Chat With Traders at 30:08
“So 60% of the time it would land on heads. 40% of the time it would land on tails. Okay, so there's a very clear edge to be had by betting on heads. However, at the end of 30 minutes and even before, a third of all participants had managed to go bust. So even with a very clear edge, they still found a way to mess it…”
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