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However, the way these big money experts make money is actually completely different from what I originally imagined.
At first, I thought that these people who’ve used large positions to earn hundreds of thousands of dollars must have gotten some insider information early on, then immediately used massive capital to heavily load into their positions.
But that isn’t how it works in reality.
For example, coali10 started buying when the 76ers’ probability was only 0.3%, but his first entry cost was only about $45.
BigRabbit entered even earlier, when the 76ers’ probability was around 0.2%, but his first purchase only cost about $1.4.
BaseballBill’s first investment was about $489, SaylorMoon about $480, and junifund1 about $155.
In other words, these people first buy obscure options with very small amounts of capital. Then, as news, odds, and the situation keep changing, they gradually increase their position size.
And they don’t just simply buy “76ers YES.” Many people buy both “76ers YES” and “NO” for teams like the Cavaliers, Heat, Lakers, and so on.
That way, they can enjoy the huge upside of the 76ers’ probability rising from a few cents to nearly $1, and they can also profit from the crash in probabilities of the initially popular teams.
On the other hand, players who start by going all-in with large capital on a single热门 (popular) team usually end up with worse overall win rates.
#詹姆斯已離場
However, the way these big money experts make money is actually completely different from what I originally imagined.
At first, I thought that these people who’ve used large positions to earn hundreds of thousands of dollars must have gotten some insider information early on, then immediately used massive capital to heavily load into their positions.
But that isn’t how it works in reality.
For example, coali10 started buying when the 76ers’ probability was only 0.3%, but his first entry cost was only about $45.
BigRabbit entered even earlier, when the 76ers’ probability was around 0.2%, but his first purchase only cost about $1.4.
BaseballBill’s first investment was about $489, SaylorMoon about $480, and junifund1 about $155.
In other words, these people first buy obscure options with very small amounts of capital. Then, as news, odds, and the situation keep changing, they gradually increase their position size.
And they don’t just simply buy “76ers YES.” Many people buy both “76ers YES” and “NO” for teams like the Cavaliers, Heat, Lakers, and so on.
That way, they can enjoy the huge upside of the 76ers’ probability rising from a few cents to nearly $1, and they can also profit from the crash in probabilities of the initially popular teams.
On the other hand, players who start by going all-in with large capital on a single热门 (popular) team usually end up with worse overall win rates.
#詹姆斯已離場