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The thousands of bets refers to one criteria, to give better odds that a mechanical system will not fall over.
This has to be part of the structure not all. That's not to say a few hundred bets won't work, but how many systems based on a few hundred bets will be around in 5 years time. There are no mechanical systems, that I know of, that have failed which satisfied all the criteria. There are hundreds which failed to satisfy just one part of the criteria, and wound up as toilet paper.
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