- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: A bettor will win $1,700,000 if the Spurs win tonight
Posted on 5/31/26 at 11:34 am to 632627
Posted on 5/31/26 at 11:34 am to 632627
quote:
It’ll definitely make someone financially comfortable, but it really isn’t “life changing”
I always love these hot takes completely lacking perspective. The median 401k balance in the US is under $200k for someone ~45 years old.
Keep 60% of this, invested in the S&P for 30 years, if is $6MM. 20 years is $2.5MM. Live by a simple drawdown plan of 4-5% so the principle keeps growing and you have a lifetime income of $125-250k depending on how long you can let it grow. Leaves you in a position to not NEED to worry about retirement while ensuring there is money for your survivors. Indeed, generational wealth
If this person is 40, and puts the $360k in an S&P index, plays it super conservative, lets it sit until 60, then starts drawing $125k per year, escalates that with a 2% cost of living adjustment, and keeps the principle invested for 40 years, his heirs will get about $8MM when he dies at 80.
5
Posted on 5/31/26 at 11:49 am to The Third Leg
quote:
I always love these hot takes completely lacking perspective. The median 401k balance in the US is under $200k for someone ~45 years old.
Anybody in this financial position isn’t placing this parlay in the first place.
Posted on 5/31/26 at 11:56 am to The Third Leg
quote:
Keep 60% of this, invested in the S&P for 30 years, if is $6MM. 20 years is $2.5MM. Live by a simple drawdown plan of 4-5% so the principle keeps growing and you have a lifetime income of $125-250k depending on how long you can let it grow. Leaves you in a position to not NEED to worry about retirement while ensuring there is money for your survivors. Indeed, generational wealth
Again, this makes someone financially comfortable. But “life changing” implies one can stop working and spend the rest of their life enjoying hobbies or traveling. Like I said, the only way $600k does that is if you were almost already there.
Posted on 5/31/26 at 12:19 pm to 632627
quote:
Again, this makes someone financially comfortable. But “life changing” implies one can stop working and spend the rest of their life enjoying hobbies or traveling. Like I said, the only way $600k does that is if you were almost already there.
Life changing implies it changes your life. And if you don’t realize several million dollars in retirement is life changing for damn near everyone, we can agree to disagree. American ignorance re: future value of money on full display here
Posted on 5/31/26 at 12:21 pm to 632627
quote:
Anybody in this financial position isn’t placing this parlay in the first place.
Degenerate gamblers aren’t known to be making good decisions. Rich dudes aren’t betting parlays like this. I know idiots who lived in shite apartments and played poker and bet sports for a living, often hardly scraping out a living while always having huge bets on the line. I’ve known guys that lose $25k in weekends on sports.
And even if you are financially secure, it’s no small money unless you’re already worth $10MM. Throwing that in a portfolio now and letting it bake for 40 years passes a sizable fortune to pass to your kids. Possibly over $15MM. When you consider this can be passed with a step up in cost basis, it is an extraordinary sum that would finance multiple future retirements.
Posted on 5/31/26 at 12:49 pm to The Third Leg
quote:
Life changing implies it changes your life.
It implies that your life is immediately changed. We both agree that you can retire earlier and much more comfortably, but for your average 40-50 year old, 600k isn’t enough to cause an immediate 180 in daily living.
Posted on 5/31/26 at 1:17 pm to 632627
some of you will argue about anything 
this back and forth is galactically stupid
this back and forth is galactically stupid
Posted on 5/31/26 at 2:44 pm to The Third Leg
quote:
Life changing implies it changes your life.
Perhaps the more accurate term would be to call it “life accelerating” money. You’re not quitting your job after this, but you’re certainly reaching your goals much faster than originally planned.
Posted on 5/31/26 at 2:46 pm to whatiknowsofar
quote:
Cash out. Thats life changing money for a lot of folks.
Not for people that place $2,500 future parlay bets between 3 different season long events.
Posted on 5/31/26 at 3:30 pm to The Third Leg
quote:
I always love these hot takes completely lacking perspective. The median 401k balance in the US is under $200k for someone ~45 years old. Keep 60% of this, invested in the S&P for 30 years
I always love these hot takes that think investing a lump sum in the S&P 500 and sitting back for 20 years is the way to go. “Yeah, just 18 1/3 years to go and then I’ll be rich! Just gotta be patient!”??
Posted on 5/31/26 at 3:39 pm to The Third Leg
quote:
I always love these hot takes completely lacking perspective. The median 401k balance in the US is under $200k for someone ~45 years old.
Keep 60% of this, invested in the S&P for 30 years, if is $6MM. 20 years is $2.5MM. Live by a simple drawdown plan of 4-5% so the principle keeps growing and you have a lifetime income of $125-250k depending on how long you can let it grow. Leaves you in a position to not NEED to worry about retirement while ensuring there is money for your survivors. Indeed, generational wealth
If this person is 40, and puts the $360k in an S&P index, plays it super conservative, lets it sit until 60, then starts drawing $125k per year, escalates that with a 2% cost of living adjustment, and keeps the principle invested for 40 years, his heirs will get about $8MM when he dies at 80.
There is truth in this in the abstract but the kind of guy who puts $2500 on a 4-way parlay like this is let's say unlikely to think "what's the safest most reasonable way I can invest this"?
Posted on 5/31/26 at 4:42 pm to TigerIron
Parlay Prince probably works for Draftkings and this is just a huge promotional tool to peak interest.
Notice they've never shown the actual slip from the Draftkings app
Notice they've never shown the actual slip from the Draftkings app
Posted on 5/31/26 at 4:44 pm to Lou Loomis
quote:
I always love these hot takes that think investing a lump sum in the S&P 500 and sitting back for 20 years is the way to go. “Yeah, just 18 1/3 years to go and then I’ll be rich! Just gotta be patient!”??
You're right, but he didn't say invest it all at once.
Posted on 5/31/26 at 5:29 pm to 632627
quote:
It implies that your life is immediately changed. We both agree that you can retire earlier and much more comfortably, but for your average 40-50 year old, 600k isn’t enough to cause an immediate 180 in daily living.
Right, it could potentially change my life in 10+ years, but that 600k isn’t changing my life today. And who knows if I’ll even live to see the day that it would change my life.
Posted on 5/31/26 at 5:45 pm to Lou Loomis
quote:
I always love these hot takes that think investing a lump sum in the S&P 500 and sitting back for 20 years is the way to go. “Yeah, just 18 1/3 years to go and then I’ll be rich! Just gotta be patient!”??
Who said that’s the way to go? That’s the easy button where you can’t fail unless the US pretty much collapses.
If you don’t think having your retirement already funded changes the way any relatively ordinary person looks at work and their financial obligations, you’re not thinking. This opens up significant discretionary spending for anyone.
Being rich isn’t about buying shite, it is about having freedom.
Posted on 5/31/26 at 7:21 pm to The Third Leg
quote:
If you don’t think having your retirement already funded changes the way any relatively ordinary person looks at work and their financial obligations, you’re not thinking. This opens up significant discretionary spending for anyone.
You wouldn’t still contribute to your retirement enough to get your company’s match? I know I sure as hell would, I’m not fond of passing on free money.
Posted on 5/31/26 at 8:25 pm to The Third Leg
calculate the bettors ROI on the parlay payout & then calculate the ROI on investment of the amount initially bet on the parlay.
THANKS!
Posted on 6/1/26 at 12:26 am to LordSaintly
quote:
You're right, but he didn't say invest it all at once.
If he didn’t, any red blooded American would blow through that with a few big purchases, while rationalizing it saying, “I deserve it”. Or if I put $400,000 down on a house, I could borrow the rest and live with all them rich folk!
Posted on 6/1/26 at 4:38 am to Chastains
I would have cashed out before you had time to post a thread about it.
Page 4 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News