Money Stuff: The Podcast Don’t Hate the Player: DJT, Bets, Funds
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Jul 19, 2024 The hosts dive into the intriguing financial landscape of Trump Media, exploring its unique stock sales and relationships with trading firms. They discuss the challenges faced by successful sports bettors, who often find their accounts limited. The conversation then shifts to innovative investment strategies tied to Elon Musk's ventures, reflecting a growing demand for specialized funds. Finally, they tackle the implications of small bets in both gambling and finance, emphasizing the need for smarter risk management.
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TMTG's Stock Sale
- Trump Media and Technology Group (TMTG) plans to sell $2.5 billion of stock over three years through Yorkville Advisors.
- Yorkville will buy stock from TMTG and resell it, acting like a slow market maker for retail investors.
Sports Gambling and Market Makers
- Sports gambling sites prefer bad gamblers; profitable gamblers get bet size limits, not account closures.
- This mirrors equity markets, where market makers prefer uninformed retail orders over informed institutional trades.
Dave Holmes' Betting Strategy
- Sports writer Dave Holmes was limited in his bet sizes after developing a winning math-based strategy.
- This is because sportsbooks want to profit, not lose to skilled gamblers.