If I offered you $15 for winning a coin toss, but you’d have to give me $10 if you lost the coin toss, would you take that bet? Probably not, right? Fair enough, the risk of losing $10 is 50%. But what if we did the same coin toss 100 times? You would win around 50 times and lose around 50 times.
The power of placing multiple bets 🎰
The power of placing multiple bets 🎰
The power of placing multiple bets 🎰
If I offered you $15 for winning a coin toss, but you’d have to give me $10 if you lost the coin toss, would you take that bet? Probably not, right? Fair enough, the risk of losing $10 is 50%. But what if we did the same coin toss 100 times? You would win around 50 times and lose around 50 times.