Buying a stock like DraftKings is literally betting on the house.
Posted by muppetpins@reddit | CrazyIdeas | View on Reddit | 6 comments
Posted by muppetpins@reddit | CrazyIdeas | View on Reddit | 6 comments
damontoo@reddit
Removed: not an idea.
Jellodyne@reddit
Well, you get in on "the house" side of the betting, but there's also other costs associated with running Draft Kings for example. Buisness expenses like payroll, advertising, all the other costs a business has, like real estate, taxes. And you're counting on the company being managed competently.
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