That’s what I thought when reading this, the opposite of double (100% gain) is half (50%) loss, so if you’ve lost by more than 50% on the negative coin toss result you will tend to lose money over time.
If the negative was less than half (say, 40%), you would gain money over time.
That’s what I thought when reading this, the opposite of double (100% gain) is half (50%) loss, so if you’ve lost by more than 50% on the negative coin toss result you will tend to lose money over time.
If the negative was less than half (say, 40%), you would gain money over time.