I think the math works out to be that the variation is much more extreme when you get to much more extreme probabilities. Going from 4% to 8% is 2x profits, but going from 50% to 58% is only 1.16x profits.
I think the math works out to be that the variation is much more extreme when you get to much more extreme probabilities. Going from 4% to 8% is 2x profits, but going from 50% to 58% is only 1.16x profits.