Re: M, Q, D
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If a tournament had 32 participants , then the probability you place in first may be slightly better than 1/32 . If your ROI is 100% then the probability you place 1st may be around 2/32 or 1/16 .
So you need to double up 5 times to win the tournament .
x^5=1/16 and so x ~57.5% . So there is some evidence to support calling 60/40 gambles even if you're an exceptional player .
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Extremely well put.
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