4 ms·
The gamblers will not come out ahead. The 7% return you mention requires buying and holding.
by ddp26 11y ago
The gamblers will not come out ahead. The 7% return you mention requires buying and holding.
- lotyrin 11y agoYou'd have to run it as a sort of recurring scheme where the current players are earning an expected value based on the investments of the previous years' players - start with a negative expected value until the backing fund achieves a decent annuity, then trend it toward positive.