Greed is a terrible disease. You have got to control it before it blows up your bankroll.
Article is entitled: “ He started the day with $77,000 — by midnight, he owed $9 million”
Guy did not sleep for three days LULZ (plus in original Bloomberg article, same guy blew up his friends accounts ... way to go!!!).
Here is summary article from marketwatch.com: https://www.marketwatch.com/story/he...ion-2020-05-10
I understand with the land-based casinos and poker rooms closed, lots of AP’s, AP-wanna be’s, etc are turning to online gambling (bonus hustling, online poker, etc) or the greatest casinos in the world (stock & financial markets). However, the same rules apply: Find positive EV plays and don’t overbet your bankroll.
Nassim Taleb worked for a company that LOST MONEY consistently buying deep out of money options and kept LOSING MONEY. Then the stock market crashed in 2008 - 2009 and Taleb was instantly RICH ... financially independent for life.
Same thing about Wimbledon and it’s pandemic insurance that lost money for years and then hit a pay day.
I keep saying this: EV trumps probabilities (or win rates). Taleb was losing money on trades each month and Wimbledon lost millions each year but the HUGE payday made it worthwhile for both of them.