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Buttons840 • yesterday at 4:22 PM • 1 reply • view on HN

You linked to a betting market that ends in a week and then said that timing isn't important. I don't understand you.


Replies

howunfortunate • yesterday at 5:41 PM

Let me spell it out.

If Anthropic is going to crash 50% or more at some unknown time in the next two years, and you have foreknowledge of this, you can easily make a massive profit by placing a bet weekly. The odds are VERY long per week, so on each losing bet you only lose a tiny amount, but on your winning week you will more than make up for it.

Timing is, as a general rule, important. In the particular case we're discussing, the odds of a 50% swing are so low that you can tolerate being VERY wrong on the timing if you are correct on the swing.

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