Nhl player currently on a 50mil+ contract files bankruptcy

This is a good video breaking it down (also a solid investment channel btw)

https://youtu.be/xJVgdw4XPTI

Bro ski wrote:

clown news network wrote:

The real losers are the ones that bring Trump into every MFing discussion.

He sleep with yo mama?

Pathetic effing losers

You mad, bro?

oh he def mad

Casinos are lower than drug dealers IMO.

Crazy.

My cousin plays DraftKings and won a million dollars. I didn't believe him until I did a google search and he was not lying. He also apparently won $60K on Fantasy Soccer

I don't play fantasy sports at all, so I have clue on what all goes into it. But I told a friend about my cousin's winnings over a few beers and he gave me a concerned look and asked "just how much has he LOST?"

PatrickHernandez wrote:

Crazy.

My cousin plays DraftKings and won a million dollars. I didn't believe him until I did a google search and he was not lying. He also apparently won $60K on Fantasy Soccer

I don't play fantasy sports at all, so I have clue on what all goes into it. But I told a friend about my cousin's winnings over a few beers and he gave me a concerned look and asked "just how much has he LOST?"

Exactly. All those casinos in Las Vegas don't exist because Casinos lose money, just like all of the sports books and online betting sites don't pay for all of those million dollar ads by losing money. Gambling is for suckers. The only two entities that win from gambling are the house and the government.

Dude had 47, 47! Creditors, $9K a month car payment, 7 dependants-6 of which are adults when he filed for bankruptcy according to New article. Over 80k credit card to American express, 250k+ owed in taxes, over 500k owed to sports agents, 1.5 million to casino among 27mil owed and claiming 10mil in assets. Dude simply got involved with way too many money spending endeavors. Makes me wonder, is he just planning a scam here, hoping the creditors accept pennies on the dollar for what he owes since he filed bankruptcy? A lot of scammers can get away with using "bankrupty" (while possibly hiding/saving assets) as a means to come out way ahead. I know a lot of pro athletes go broke (typically after retirement) but this all seems pretty odd.

joedirtty wrote:

PatrickHernandez wrote:

Crazy.

My cousin plays DraftKings and won a million dollars. I didn't believe him until I did a google search and he was not lying. He also apparently won $60K on Fantasy Soccer

I don't play fantasy sports at all, so I have clue on what all goes into it. But I told a friend about my cousin's winnings over a few beers and he gave me a concerned look and asked "just how much has he LOST?"

Exactly. All those casinos in Las Vegas don't exist because Casinos lose money, just like all of the sports books and online betting sites don't pay for all of those million dollar ads by losing money. Gambling is for suckers. The only two entities that win from gambling are the house and the government.

Ignorant comment joedirt. Sure more lose money but many people also make lucrative money gambling, similar to stock market but that seemingly receives a more positive connotation. Sure the slots and scratch offs are definitely a losing investment and moreso entertainment BUT theres a variety of games/investments where a profit is achievable for the best or the luckiest players. DraftKings you play against other people, therefore it is people vs people and not people vs house. That's a profitable gambling game for the top 10 percent of players. The guys cousin won the weekly millionaire maker tourney, you jealous? Congrats. Now I'm not saying gambling is good investment because it is not for MOST people, unless you are a very skilled top player or a lucky son of a gun who cops a lump sum. But JOEdirt would know nothing about being better than average or not being an ignorant sheep.