Quote:
Originally Posted by G1911
I don’t think it is jealousy, resentment, or wanting him to be guilty to wonder how he and his financial advisors could not have noticed what appears to now be $325 million in bets over 26 months. That is a heck of a story. It seems like basic common sense to ask what happened there instead of accepting whatever his latest PR release says as 100% true.
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It's not like $325 million just went missing from his account though. That's not how sports betting works. These were on average, 24 $17k wagers placed per day over the span of 26 months. The wagers are settled each day, win or lose. The bookie keeps a balance sheet and requires you to top off when your account gets low in order to continue betting. The actual money trading hands would have been much smaller than the total amount wagered.