this post was submitted on 13 Nov 2024
46 points (96.0% liked)

Ask Lemmy

26916 readers
1764 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about US Politics. If you need to do this, try !politicaldiscussion@lemmy.world


Rules: (interactive)


1) Be nice and; have funDoxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them


2) All posts must end with a '?'This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?


3) No spamPlease do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.


4) NSFW is okay, within reasonJust remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].


5) This is not a support community.
It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.


Reminder: The terms of service apply here too.

Partnered Communities:

Tech Support

No Stupid Questions

You Should Know

Reddit

Jokes

Ask Ouija


Logo design credit goes to: tubbadu


founded 1 year ago
MODERATORS
 

Someone turned 80k into like 1.2 million betting on Tesla calls or something and hedged with a Kamala win bet it was like 50k tesla/30k Kamala and they turned it into 1.2 million via Tesla somehow

Is it like

  • bet 1/2 on unlikely thing
  • bet 1/2 on likely thing
  • rely on gains on either side averaging out to at least ++
you are viewing a single comment's thread
view the rest of the comments
[–] rbn@sopuli.xyz 10 points 5 days ago* (last edited 5 days ago) (5 children)

From my perspective you can't bet both sides and still expect gains on average. Sure you can be lucky that the one bet wins more than the other loses but typically that doesn't work if you bet on two opposite outcomes. There are no magical and safe ways to multiply money other than maybe being super rich and already too big to fail.

[–] Cephalotrocity@biglemmowski.win -1 points 4 days ago* (last edited 4 days ago)

From my perspective you can’t bet both sides and still expect gains on average.

Statistically you can. Firstly, when you invest you can limit how much that could be lost right off the bat by how you invest and via what amount. For example: BUYing $20k in 2 opposing stocks, split 10k each. Max possible loss? All $20k.

Let's say the Index goes up 10% which suggests on average that $20k is now $22k, or $11k/stock.

In actuality stock A loses 50% but stock B gains 60%. Had you luckily invest solely in the right stock (B) with all 20k you would have made $12k. Badly (stock A)? Lost $10k. By hedging you dilute max potential gains to mitigate catastrophic loses.

load more comments (4 replies)