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A comment on A Tiny Hedge Fund Made 8,600% on a Vix Bet. Parent comment

Re:A Tiny Hedge Fund Made 8,600% on a Vix Bet by alva on Saturday February 10, 2018 @01:27PM (#16348687)
Sounds like they were not leveraged. Any idiot can make super high leveraged bets that will wipe them out if they don't pay off. Your comment suggests a lack of understanding of risk. Max risk of 200k for 17m payoff is VERY impressive.
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Re:A Tiny Hedge Fund Made 8,600% on a Vix Bet by OscarCunningham on Sunday February 11, 2018 @06:26AM (#16352247)
It depends on the odds of it working, of course. 200k/17m is 1.2%, so any idiot can arrange a bet which pays of 17m with 1.2% probability with at most 200k at risk.
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Re:A Tiny Hedge Fund Made 8,600% on a Vix Bet by alva on Sunday February 11, 2018 @04:31PM (#16354941)
Of course they can. My comment was in context of the parent. Suggesting 8600% return isn't that impressive is ludicrous and ignores the downside. Comparing this bet to ultra-leveraged bets is silly.
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