Yeah, they unironically just attacked a strawman and sat of their laurels
replyThey can take any position they want and do whatever they want, the point is that these oddball markets are very thin so there just isn't much money there to harvest. You can only bet $50M at your chosen risk if you can find enough people to take the other side, and these markets simply don't have many participants betting much money.
replyThink of it like kids betting pennies what subject the teacher will open with the next day. The teacher doesn't care about winning $0.89, but the kids do.
I don't think the markets are thin, there are some bets that have made people many millions.
replyIt seems like it's a huge assumption on your part that the bets you are describing are in the "0.89" range and not something significantly higher, even disregarding what others pointed out about this having already provably occurred.
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