Unless you are in some sort of real-life version of Brewster's Millions, there is no reason on the planet to place this bet.https://twitter.com/darrenrovell/status/975539261452816384 …
All volume does is reduce the volatility. Instead of one bet of $2,000 winning $26.65 or losing altogether, you might have 100 bets ($200K total) winning roughly $2,665 in the aggregate over time. (1/3)
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(2/3) The correct question is whether 133 bps (1.33%) correctly compensates for the risk you are taking. This is harder to answer. But a 3-month treasury bill right now pays ~1.77%, and is one common measure of a "risk free rate return".
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(3/3) I'm not familiar with the usual edges the big money gaming consortiums are looking to exploit. But at 1.33% return, it seems like there would've been a lot more profitable ways to invest that money.
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