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 ++
  • JackbyDev@programming.devEnglish
    2·
    9 days ago

    Me reading this like “Noooo, if you plant Awesome Amy Apples you won’t get Awesome Amy Apples, you have to graft Awesome Amy Apples branches onto existing apple trees to get Awesome Amy Apples!”

    • Tar_Alcaran
      1·
      9 days ago

      Does it at least take a long time, thereby not entirely ruining my analogy?

      • JackbyDev@programming.devEnglish
        1·
        9 days ago

        It doesn’t ruin the analogy at all because you’d still need to plant apple trees to make an orchard! It’s just that apples aren’t true to seed so apple trees you plant give nasty apples. It’s more of a fun fact about apples lol.