[sokoloff]

One major problem here is that many players dramatically overestimate their edge.

[kqr]

One of the rules of thumb you quickly learn when studying the Kelly criterion is that overestimation can lead to ruin, underestimation can at worst lead to slower growth.

[lgas]

A problem for those players, an opportunity for others :)

[sokoloff]

True!

Reminds me of: https://en.m.wikipedia.org/wiki/Chinese_word_for_%22crisis%2...