[seymore_12]

Great book indeed. My favourite quote from it is: "The name of the game is not to always be right, but to be right often enough".

[gottorf]

Bob Mercer said that they were right 50.75% of the time.

[sokoloff]

Interesting to note that that's larger than the house edge in video poker (which is admittedly one of the lower edge games).

You can build a massive city in the middle of a desert with edges well under 5%.