what does 'by one hundredth of a point' means here?

I came in sixth by one hundredth of a point. One judge thought I
didn’t stick the landing on the dismount from my balance beam routine, even though I did. I totally
stuck it. But that’s gymnastics for you. One lousy hundredth of a point makes all the difference
between living your dreams—and having them dashed to pieces.

?2016-12-07T13:12:01Z

.000.....there are 100 one-hundredths in one...so it is a very small amount.
.

?2016-11-18T12:48:33Z

for example
you scored 8.20
your opponent scored 8.21
you lost by 0.01 one hundreth of a point

d_r_siva2016-11-29T13:35:11Z

http://www.themathpage.com/arith/decimals.htm