5 ms·
Is that $1.4k in addition to getting their $4k back? I always assume that with lotto-based shenanigans, the "return" isn't actually a profit, but the maximum of
by delinka 8y ago
Is that $1.4k in addition to getting their $4k back? I always assume that with lotto-based shenanigans, the "return" isn't actually a profit, but the maximum of payouts after having bought all the chances their money could buy. I'll spend $20 on tickets for a large jackpot, and I'll will $2 on occasion - that's not a "10% return" but a "10% refund," and I'd expect a non-finance journalist to get that wrong.
- ggm 8y agoOh I totally misread it (or read it the other way). If its a loss of 3/4 of their investment, thats a poor investment indeed.