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?
Real Estate Newsletter Articles this Week: New Home Sales Increase to
693,000 Annual Rate in March
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At the Calculated Risk Real Estate Newsletter this week:
• New Home Sales Increase to 693,000 Annual Rate in March
• Lawler: Observations on the Recent Sur...
16 hours ago
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