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?
Schedule for Week of April 13, 2025
-
The key reports this week are March Retail Sales and Housing Starts.
For manufacturing, the March Industrial Production report, and NY and
Philly Fed surve...
6 hours ago
No comments:
Post a Comment