OK, I was able to get to the site and now I think I understand.
If you wagered $2 for 393 races ($786 total) and the balance went to $812, you'd be $26 ahead, beating the meet. (this is all obviously paraphrasing what HHH said in his blog)
So, to compare apples and apples, his $1000 mythical bankroll, which he did not use all of, would have been $1026...
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