This staggering million bet on the Eagles exposes a major flaw in sports betting [MSNBC.com]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: MSNBC.com
A Kentucky sports bettor may have taken a few years off his life on Sunday after placing ahistoric betPhiladelphia Eaglesbeat the PanthersFor those unfamiliar,Money Line BetIt’s a record-breaking risk to spend $3.1 million to win just over $440,000. This is the antithesis of a value bet.In this case,the Eagles were a -700 favoriteWhilesports betting is currently legal38 states and the District of ColumbiaIndeed, these days, you can look at just about any sports media outlet (and a good number of nonsports specific sites, too) and find an endless parade of sports betting analysts, sports betting sponsors and segments geared toward who to pick and who not to pick. But these same sites are almost never interested in pieces on sports-betting education.Casual sports bettorsThe arguably fun but inarguably high-risk parlay-style bets give the house the edge, even as they can seem like you’re wagering less to potentially gain more. This false perception is especially dangerous for novices. Th
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DKNG
Earnings
- 11/7/24 - Beat
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Sec Filings
- 12/13/24 - Form D
- 12/11/24 - Form 4
- 12/9/24 - Form 144
- DKNG's page on the SEC website