The best poker players make their money by sitting at the table for just marathon sessions. A few good hands, a session, all to make what an office job makes. It takes an intense amount of work to get to that 5%. The 100 ranked players in these daily fantasy sports leagues were winning 873 times daily. 20,000 people were winning just 13 times a day.
A survey from Lending Tree found that a majority of Americans thought investing was just as risky as gambling. And sure, the stock market can be a casino, but it doesn’t have to be. Anand Chokkavelu and Ricky Mulvey discuss:
- The lines between gambling and investing, and when they get blurry. - Games that Wall Street traders play. - Positive sum, negative sum games, and how to know the difference. - How Uncle Sam helps investors more than gamblers. Host: Ricky Mulvey Guest: Anand Chokkavelu Engineer: Dan Boyd
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