@Fanatics can you explain your fee structure of the new prediction market? For a 50 cent prediction one expects a payoff of $200 minus fees for $100; however, the payoff is only $192. Fees are $3.84. Where does the other $4.16 go? #fanatics#Prediction
@novig_app @BigBuckHunterrr how to withdraw/deposit more than $1,000 a click / $10,000 within 24 hours? How to contact novig in general? DMโd account before, followed up and never heard anything back.
@LasVegasLocally 2/2 of attribution bias, where people incorrectly blame company specific factors instead of broader market trends. Saying it was a โrough dayโ for casinos when their declines are in line with beta adjusted expectations is confirmation bias, seeing a pattern where none exists.
@LasVegasLocally 1/2 MGM has a beta of 2.19. S&P 500 went down 1.76%, a decline of 3.85% is solely due to market movement. Wynn has a beta of 1.76, so the market expectation would be a decline of 3.10%, meaning Wynn outperformed expectations. The assumption that casino stocks struggled is a case
@VigPolice@TheeDegenBoosts@SinisterRitz@zensports There has been no volume in trading since January... in November they predicted a loss of $2.1 million for Q1 in 2024. In Q4 of 2023 their net loss was $8.8 million. In 2023 they predicted to have a $1b handle in 2025...
@TheeDegenBoosts@zensports As of 12/31/23 they had $29,399 in cash and $245,406 in cash reserved for users while having a $1,371,421 player balances liability. They donโt have $1.1 million in cash anymore. They lost it all in gambling losses per their income statement.
@markdusing@TheeDegenBoosts Their current house rule as of today still state: โParlay wager: a wager coupling two or more teams, totals, or propositions. Payouts depend on the odds of each selection of the parlay. The payout is calculated by multiplying the exact odds.โ
@thejoeyway@GuyDealership Of course they should be at 4-7%. The risk free rate aka 90 day treasury rate is 5.23%. Why should an investor lend anyone money thatโs below the risk free rate? I am certain that any car loan has more risk than the risk free rate.
@ESPNBet holding customer funds hostage. Accepting bets and deposits no issue. But when withdrawing mandating agreement to third party agreements and ignoring gaming regulations. A shame that an operator acts like they can do whatever they want. @espn@Disney