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by ACow_Adonis 535 days ago
Yes, that's fair. You can generally either go for the "1 time bet the house" bugs, or you can go for the salami slicing so small across many transactions and there's minimal grey areas in between...

But as a general rule there's a trade off between signal generated by your winnings vs the frequency of your trading all balanced against your power and ability to manipulate and capture the market.

If you bet big enough and pull off the implementation successfully once such that you can get away in that one time (and ensure the system doesn't respond to cancel your winnings as it will often try to due to the cost benefit of paying you out), congrats. And you can go the opposite strategy and have lots of small winnings and fly under the radar and make profit just below the cost of entry or dealing with you, but you won't make squillions.

If anyone repeatedly makes big money, what is almost certainly going on is some other expression of market power, because if you don't have that power, the real market power will make the calculations on shutting you down once you're detected.