September 20, 2015
DraftKings, FanDuel make millions, and give them away, as fantasy revs up
"The money that comes in, we take about a 10-percent cut and we pay out everything else in prizes, so it's really self-funding."
1. Start with one million dollars in net worth.
2. Gamble all of it 100 times on bets that pay 90 cents on the dollar.
3. Try not to spend the remaining $26.56 all in one place.
$1,000,000 x 0.9100 = $26.56
Behold the power of negative compound interest. Isn't gambling fun?
Housing Starts Increased to 1.521 million Annual Rate in February
-
From the Census Bureau: Permits, Starts and Completions
*Housing Starts:*
*Privately‐owned housing starts in February were at a seasonally adjusted
annual ...
1 hour ago
No comments:
Post a Comment