We need Netflix for the Lotto
Lottery hedge funds: The Netflix revolution now carries on to the lottery. The middle—or shall we say, investing—class can take portions out of innumerable investment funds, or even savings accounts, and put them a lottery hedge fund, which plays the odds on contests in all fifty states. Playing the lotto becomes just like any other financial decision, made from the privacy and comfort of one’s home (or screen). As you increase your group buying power, you mitigate your risk and increase the likelihood of winning. Any risk you run in one contest is cushioned by collateral in countless others. And as your checking account and phone grow closer together, you have little burdens on communicating with the company or receiving notice of your winnings via SMS.
Attribution: Erik Michaels-Ober
This work is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
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nickthejam likes this
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pleasestealthisidea posted this
My name is Andrew Magliozzi, and I am a serial entrepreneur at Veritas Tutors & FinalsClub.org. Because I need another company like a hole in the head, I have decided to share any other entrepreneurial ideas I have as Intellectual Public Property. If I don't have the capacity to bring all these ideas into reality, hopefully someone else does.
