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That doesn't mean they had that amount of capital under investment. If you bet $10 every week, and every week you win $11, at the end of the year you've bet $5
by bcbrown 7y ago
That doesn't mean they had that amount of capital under investment.
If you bet $10 every week, and every week you win $11, at the end of the year you've bet $520 and made a profit of $52. But you never had more than $10 "invested".
If that $18 million was evenly spread out over 7 years, it would be close to $50k/week, or $215k/month. Those are probably more accurate amounts of working capital for calculating ROI.
- adrianmonk 7y agoYeah, the way the article phrased it, I have a feeling this is a useless statistic like the sum total of all the money spent on tickets.