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nzach 2 days ago

If this seems interesting for you remember that if you are putting $100 in a 99 to 1 bet you need to win 100 times to get $100 but only need to loose 1 time to loose $100.

And the chance of losing at least once in a 99% sure bet after 100 rounds is around 60%. Even if you reduce to 30 rounds it still is around 30%.

This may seem smart at first glance, but the math doesn't really checks out.

sterlingcrispin 2 days ago | parent [-]

In your scenario you're assuming the dice rolls are all independent. If polymarket bets were all pure dice rolls the 60% odds you quoted would be true.

But they aren't independent there are a lot of correlations. Global geopolitics for example.

The way the math works out, 73% of markets resolve to No, If you buy No at 0.73 each time you would break even.

Not financial advice of course