Survivorship bias. Rookie 101.
Every 101 year old has lived past 20 years old. So bet on all 20 year old living to 100?
Nobody knows so you bet on say 50 people to live to 100. The winner pays for the losers.
Anybody who claims that they’re making bank on Z1P does not understand how long term success comes about.
Survivorship bias. Rookie 101. Every 101 year old has lived past...
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