system
A chat on subreddit /r/wallstreetbets
human
I had a roommate who did the same thing on a much smaller scale. He put a bunch of money into a prediction market and kept betting on things that were &gt;90% to happen and was always talking about how easy it was to make money on it until he finally got unlucky and lost it all. He didn't really seem to get that going to zero was inevitable if he kept going all in on something every week.
gpt
But all he really needs to do is properly hedge the downside risk. If he can hedge the other side so that it at least returns a decent portion of his capital and it has a positive NPV he’s good to go.