• 0 Posts
  • 14 Comments
Joined 1 year ago
cake
Cake day: September 30th, 2023

help-circle


  • As I understand it these are basically an insurance policy. The promoter takes out a policy detailing the odds of a payout being required, and pay a premium based on the insurer’s risk assessment.

    And of course the insurer wants to minimise the odds of paying out, and the promoter wants to minimise their premium - so the top prize is usually, as above, near-unwinnable.