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Speaker 1: Good afternoon.

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Speaker 2: You're listening to Gambling with an Edge.

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Speaker 1: Now Here are your hosts, Bob Dancer and Richard Munchkin.

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Good afternoon, Welcome to Gambling with an Edge. I'm Bob

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Dancer and I'm Richard Munchkin. Our guest today is Anthony Curtis.

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We're going to be talking a lot about sports betting contests,

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mainly football contests that are happening on the upcoming NFL season,

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and there's a bunch of other things we're going to

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talk about as well. Anthony Curtis, Welcome to Gambling with

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an Edge.

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Speaker 3: All right, it's going to be back. It's been a

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little bit of a little bit of a gap between appearances, right.

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Speaker 1: Yeah, it used to be on almost monthly. The I

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think you might be the have both first place and

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second place tied up. Insofar as visitors on this show,

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I'm not sure.

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Speaker 3: It's good to add to own some kind of record.

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That's cool.

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Speaker 1: So are NFL season season long football bets are happening

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all over Vegas.

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Speaker 3: Tell us about some you're talking about the contests, yeah, contests, Yeah, okay,

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well contests coming up. You know, it's it's all starting

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the first deadline is the twenty ninth of August, and

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that's for the new College Football Contest. So Westgate has Okay,

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let's go back a little bit. You know, for a

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long time, Westgate was the thing when it came to

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football contests. You know, the Super Contest was a gold standard,

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and that's what everybody played and everybody wanted to do.

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And then you know, long comes Derek Stevens and Circa

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and they blow Westgate out of the water. And they

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did that a few different ways. You know. One way

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they did it was by Westgate decided after a while

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they were going to write the pot and they were

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taking seven or eight percent, I believe, out of the

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prize pool. So Cirke says, okay, we're not going to

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write anything. It's one hundred percent return to the players.

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And then Circa did one other thing that was huge,

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which was the guarantees, and Westgate didn't guarantee, so they

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were you know, they it was they were. The prize

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pool was whatever. Everybody the some of the entry fees

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minus the rake, and Circa was like, we're going to

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guarantee you X million a dollar, so if it doesn't

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hit this number, you've got an overlay, so you're going

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to get be getting back it, you know, theoretically more

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than you put into play. So those two things just

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propelled Circa to the top by a mile. And Westgate

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kind of, you know, took their medicine for a couple

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of years and then started making moves to to try

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to compete again. Then the first thing they did is

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they took the rake out and they so they no longer.

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They now give back one hundred percent like Circa does.

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And this year they made a bunch of moves with

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new contests, and one of them is the college football

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and that's the kind of the coolest one as far

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as I'm concerned, because everything has been pros for quite

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a while and this is the only except for the

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last man standing at the station Casino's twenty five dollars

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entry fee, this is the only which would call a

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major college contest. And where the others are one thousand

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to one hundred thousand for Grand Desimo at Circa, this

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one is only five hundred. So it's kind of cool.

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And you know, it starts, it starts this weekend, and

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I've got a few entries in that, and then the pros,

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the Pro contest will start next week with all the survivors,

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and Westgate has put in a survivor and Circas put

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in one hundred thousand dollars buy in Grand Desimo. So

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there's a whole lot of new things going on, I

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guess in the spirit of competition for the football contests

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this year. So that's probably the longest I've ever taught

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on your show without stopping.

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Speaker 2: So what is the guarantee on the Grand Dcimo.

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Speaker 3: The guarantee has already been surpassed. I believe the guarantee

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was one point five million and it's at one hundred

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thousand per so they only needed fifteen to hit their guarantee.

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It is my understanding. Less I heard there is something

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like twenty five already. I predicted they'd be between twenty

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and twenty five. So I was under and I was

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not quite right on that. They're going to probably get

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up into the thirty five to forty area. But yeah,

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that one's not gonna there's gonna be no overlay there,

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but it's all being given back. So they get thirty players,

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you know they're gonna be looking at three million dollars

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if you can beat twenty nine other players. He's a

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winner take all, winner take all. Yeah, These Survivor things

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are brutal, man. I mean, you know, they're always a

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winner take all, which is part of the pizazz of them.

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And now the winner rarely takes all because it's a

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season long thing. And I'm sure that Grandissimo with only

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thirty or forty players won't go season long. But when

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you look at the big one with fourteen thousand players

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at Circus Survivor and fourteen thousand and above, it usually

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goes all the way through. So you usually have several

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that split that pot. And then there are a whole

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lot of deals being made, you know, behind the scenes.

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Speaker 2: And are you and Frank in the Grandissimo.

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Speaker 3: No, Frank wanted to and he was this is Frank

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b we're talking about, and he wanted to do it,

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and I was against it. I didn't think that there

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was a lot of value in it because of the

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people you're going to be playing against and so forth,

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and the huge, you know, the huge variance of something

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like that. So he thought about it. He's like, don't care,

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I'll do it myself. You know, he was saying, I'll

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do it myself. And at the last second, he decided

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the same that that just didn't seem right to enter.

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So no, we're not going to be in that one.

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We're going to be in all the other ones.

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Speaker 4: Though.

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Speaker 1: The change in the TETSWA which you get to right

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off ninety percent of your losses instead of one hundred percent,

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since the payoff for these is going to be in

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twenty twenty six and it's going to be documented. If

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you happen to beat the odds and win, does that

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affect you that seem stuck? It can make a big

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effect on your decisions.

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Speaker 3: We didn't know. It didn't on ours, It will on others.

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You know, some will well. With the numbers that we're

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seeing right now, well, let's think about this. The prizes

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will be paid in twenty six. Yeah, so they would

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go under the new law, assuming it's not changed at all.

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The numbers don't seem to indicate that it's bothering anybody,

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because the numbers seem to be up everywhere at circup

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for everything that I've seen, For me especially, I've always

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made it clear that I declare my winnings. I always have,

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you know, running a business and all, I don't want

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to fool around with doing screwy things, so I declare,

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and it has it will have an effect on certain

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things that I do, but not on this one. Yeah,

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never really honestly, And that's an interesting that you bring

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it up. I'm almost I'm caught off guard a little

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bit thinking that I didn't really give it much much thought,

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although I am playing less this year than I typically

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do in the contest for two reasons, I'm not sure

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if I have an edge anymore in these things where

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I used to do better than I have been doing recently.

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Last couple of years have been pretty lean. And two,

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I've just got all these things going in business. But

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I hadn't really given the text a lot of that

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much thought about it. But next year you just liked

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might Yeah, let's put it this way.

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Speaker 2: I had a good problem to have.

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Speaker 3: I was just going to say, I sure, hope, I'm

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kicking myself in a year from now, going, oh, you

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should have thought about that, but well, you know, I

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would have played then maybe I wouldn't have played.

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Speaker 5: What I'm saying is I hope I have that problem. Yes, Okay,

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be careful, be careful what you wish for?

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Speaker 1: Yeah?

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Speaker 3: Really, well, you know again, just to go back to

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the contest. One of the points I'll make is that

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what Westgate is doing the changes they made is they

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went from one thousand dollars entry fee for their super

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Contest back to one point five fifteen hundred Super Contest

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Gold five thousand entry fee. Again they're having a Survivor. Okay,

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so the Circus survivors are one thousand dollars and you

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can enter ten times, so you can get ten thousand

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in action there if you want to do it. The

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Survivor at Westgate is five k, and I believe you

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can do ten entries there as well, So that's kind

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of more like a high roller Survivor. So it's you know,

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I don't know, it's interesting to have friends and neighbors

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can do a lot more than ten. Yeah, you can,

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and you know, I'm not. That's another debate that Frank

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and I have a lot, and we're pretty much of

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the same thinking on that. That additional contest and the

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entries diminish, The edge gets diminished quite a bit as

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you go down the list, especially not so much in Survivor,

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because you can play Survivor in a way that if

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you're playing on the same one all the way through

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until you get low and then you start diversifying. Then

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there can be some value, quite a bit of value

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in that. But when you're talking about the millions and

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all of that, we're pretty much of the opinion that

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everything passed the first and maybe possibly as a second

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is quite quite quite a bit diminished value in terms

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of equity and ev because you tend to be playing

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your second and third picks. So why do that? You know,

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there's like not a lot of value in that when

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you're you're you're playing a suboptimal card just to have additions.

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So we don't really go in that much for for

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lots of multiple cards.

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Speaker 1: Well, you're using your I don't know, you picked five

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a week, you're using your top picks for it's still

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on four of them. You're just varying one or two.

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Speaker 3: Wouldn't you be, yeah, well well what or two? Yeah,

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that's significant. That's forty percent of your card. You know,

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if you're going to do two of them.

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Speaker 1: So we have between your first choice and your on

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one game and your second choice on another game. Isn't

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that huge? It's pretty small. I would think it's like

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it's a coin flip as to which one you pick.

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Speaker 3: Well, a lot of this is just empirical as well.

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Over the years, we just looked at the results of

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playing multiple cards and we just haven't liked it. So,

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you know, I'm not sure of the exact analysis of it,

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but we just know that we don't like it.

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Speaker 4: What do you think the the ratio between sort of

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really knowing about football as opposed to really understanding tournament

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strategy of players, or the ratio of value the value like,

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which is more important or are they equally?

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Speaker 3: No, I don't think they're equally. I think that a

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contest strategy and tournament strategy far outpaces knowledge. Now, what

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we're not including there is you know, the quants that

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are really you know, they're they're they're modeling these things,

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and they're they're they're kind of bringing everything into it.

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And that's there gets more. That's where I said, I'm

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not sure where my edges now, if my edge is

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there at all, I think it is because well, when

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you hear people talk about the World Series of Poker

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and the main event and they go and I go, well,

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they're taking seven percent out of that, out of our

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six or seven percent out of that pool, and they're

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like No, it's still the best tournament in the world

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because there's so much dead money, as they call it,

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you know, dead money or square money. I think there's

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a lot of that going on here too, that even

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though they're not taking anything out, there's so much so

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many players that are that think their football knowledge is

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going to bring them through and that they can handicap

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their bastardized form of handicapping and pick winners. And I

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don't think that that is anywhere near the value of

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contest theory and playing off numbers and you know, knowing

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when to pivot, knowing how to to correlate and not

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correlate when that comes into play. And so I think

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that there's so much dead money in that that it's

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it's worth doing. And playing contest wise is much stronger

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and very and much fewer play people play that way.

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There's way more people to just pay play seat of

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the pants and make their picks.

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Speaker 2: Well, and there's an overlay to start with in the circuit.

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Speaker 3: Yeah, well, especially when there's an overlay, I mean, you

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just people you can't undervalue that, you know, I mean,

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that's one of the fundamentally, you know. I've been saying

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this for years now, it seems. But Blair Rodman is

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all about sports betting is extremely close and it will

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come out this year. And I'm doing the chat. You're

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on contest play and number one, the first thing you

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look at is equity in the contest. You know, how

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much are they taking out of the pool or is

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it even money return or is it an overlaight? And

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those overlays are you know, it's powerful, it's mathematically, it's

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very it's strong.

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Speaker 1: All right, let's pivot to something else. You mentioned Blair's

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book is coming out. Uh, you have a slot book

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in the works, yeah, Jeff say on that.

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Speaker 3: Well, yeah, my, my, my burden these days is all

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the books we do have in the works. We've got

248
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so many books in the works and they're so good,

249
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and there's so many other things happening in business for

250
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you know, for Huntington Press right now. And I painted

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myself into a little bit of a corner with gambling

252
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books and that I'm the one who is the editor,

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the final editor on the gambling books for content, although

254
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Decastlemen as the senior editor, and he makes them all

255
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readable and fabulous in terms of readability. But when it

256
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comes to the actual gambling aspect. I've got to read

257
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these books, and it's becoming harder and harder to find

258
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the time. So here's where all that stands Blair Rodman's book.

259
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I was best man at Blayer's wedding, so I've been

260
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able to play that card and put his book up

261
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for a couple of years now, and I can't play

262
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that card anymore. I mean, I've got to get this

263
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thing out, and we're extraordinarily close. We really are. We're

264
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in final production, chapter by chapter right now. And the

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interesting thing is because of the way usually I would go, man,

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this is terrible, because it's going to come out a

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couple of weeks into the football season, and then there's

268
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going to be another six or eight weeks to get

269
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it printed and get it back. But things have changed

270
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so much in the publishing world so that as soon

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as it's ready and we send it to the printer,

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we'll also send it to Amazon and it will be

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available that day or the next day on print on demand.

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And yeah, these print on demand books can't tell the difference.

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You know, we've bought them, We've set them side by

276
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side with books that we run through regular web presses

277
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and things, and you cannot pick out the pod. So

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although Blair's book typically wouldn't have come out till towards

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the end of the season, it's going to come out

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very close to the beginning of the season. So then

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as soon as we're done with the It's all about

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sports betting, as soon as we're done with that one,

283
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then we'll turn our attention to the Slot book, which

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is breaking the slot code it's called. What's holding that

285
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up a little bit too? Is it's complicated, It's you know,

286
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it's very complicated, and I've got it my nose into that.

287
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But we're also almost certainly going to open up a

288
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website that goes with it, because things change so quickly

289
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there that we want the book to be almost more

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not more conceptual. It's going to have actual examples of

291
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how to beat twenty six games, you know, the ones

292
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that a lot of people know about Ocean's Magic and

293
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Scare Up and things like that, but also games that

294
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are new. But there's just so many, and so we

295
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wanted to open pretty closely in tandem with what we're

296
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going to do with the website, And the website will

297
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be paywall that will be a you know, that will

298
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be a subscription type thing. Then we've got we still

299
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have James Grosstein's next.

300
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Speaker 6: One, which is I'm almost afraid for you to bring

301
00:16:15,240 --> 00:16:18,000
it up because you know, I get asked when is

302
00:16:18,039 --> 00:16:20,840
that book coming out? All the time, and we've been

303
00:16:20,840 --> 00:16:24,039
talking about it on the show for over a year.

304
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Speaker 3: Right, well, I know a year year and a half,

305
00:16:27,159 --> 00:16:30,480
and I you know, I hate to throw authors under

306
00:16:30,480 --> 00:16:32,840
the bus, but this one's pretty much on him. I mean,

307
00:16:32,960 --> 00:16:35,879
I keep telling him we're ready, you know, give us

308
00:16:35,919 --> 00:16:39,279
your final edits. He sent me a batch yesterday. We'll

309
00:16:39,320 --> 00:16:41,519
put those in today, and then he goes. But there's

310
00:16:41,559 --> 00:16:45,639
more because you know, James is a perfectionist and he's

311
00:16:45,759 --> 00:16:48,200
rerunning his code again and everything else. So when it

312
00:16:48,240 --> 00:16:50,480
comes out, we'll be able to trust it for sure.

313
00:16:50,519 --> 00:16:52,240
But I can't do it till I get it, you

314
00:16:52,279 --> 00:16:55,279
know what I mean. He's he's he's the mastermind on

315
00:16:55,320 --> 00:16:57,480
this one. You know, he's There ain't much editing I

316
00:16:57,519 --> 00:16:59,799
do on his books. He's the mastermind. Until I get

317
00:16:59,840 --> 00:17:02,519
his copy, that book won't be available, but I think

318
00:17:02,519 --> 00:17:05,319
it will be available this year. Then we got a

319
00:17:05,319 --> 00:17:10,480
book on Bakea which is it's an old Baccara book

320
00:17:10,480 --> 00:17:15,000
from the eighteen hundreds that Stuart Ethier and Don Slessinger

321
00:17:15,079 --> 00:17:19,200
wants to republish with some added information. Is one of

322
00:17:19,240 --> 00:17:22,640
the first books on Bachara, so very scholarly, and people

323
00:17:22,640 --> 00:17:25,519
who are really into gambling history will love this book.

324
00:17:26,000 --> 00:17:28,240
That's about all who will love it. But you know,

325
00:17:28,319 --> 00:17:30,799
we got that. Then we got a book on Roulette,

326
00:17:31,319 --> 00:17:34,440
believe it or not, and it's called Roulette by the Numbers,

327
00:17:34,960 --> 00:17:37,200
and we just don't have a book on Roulette. There's

328
00:17:37,200 --> 00:17:39,400
all kinds of things going on with Roulette, you know

329
00:17:39,480 --> 00:17:42,400
when when you're talking about physics and so forth. And

330
00:17:42,480 --> 00:17:46,039
Stuart Ethier also was contributing to that book. And then

331
00:17:46,039 --> 00:17:49,039
we've got another book that came to Don Slessinger from

332
00:17:49,039 --> 00:17:53,160
a guy named Oliver Larson, on Blackshack. So there's our

333
00:17:53,839 --> 00:17:55,480
I'm trying to get as many of those out as

334
00:17:55,480 --> 00:17:57,200
I can by the end of the year. And where

335
00:17:57,240 --> 00:17:59,559
I find the time, I don't know, but we'll get

336
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a few.

337
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Speaker 4: Of them up.

338
00:18:04,240 --> 00:18:06,200
Speaker 2: I'm just curious about the Roulette book.

339
00:18:06,319 --> 00:18:10,359
Speaker 4: Is that is there anything about advantage Roulette in the

340
00:18:10,440 --> 00:18:11,200
Roulette book.

341
00:18:11,160 --> 00:18:14,480
Speaker 2: Or it's it's more for like the recreational player.

342
00:18:15,880 --> 00:18:18,319
Speaker 3: It's in the middle. I mean, there's enough for the

343
00:18:18,400 --> 00:18:21,400
recreational player for sure to be able to read it

344
00:18:21,799 --> 00:18:24,960
and understand what they're doing and you know, debunk systems

345
00:18:25,000 --> 00:18:27,680
and you know, things of that nature. But yeah, there's

346
00:18:27,720 --> 00:18:31,920
definitely discussion about all the things in Roulette. You know

347
00:18:32,000 --> 00:18:34,680
when you when you talk about location and you talk

348
00:18:34,720 --> 00:18:40,119
about uh dealer signature and you know our favorite topic,

349
00:18:40,319 --> 00:18:44,039
Richard right, and you talk about you know, prediction and

350
00:18:44,359 --> 00:18:46,480
those kinds of things and bias, and you know, there'll

351
00:18:46,480 --> 00:18:48,680
be things about all of those things. It won't be

352
00:18:48,759 --> 00:18:51,359
going deep into into that, like it's a book for

353
00:18:51,400 --> 00:18:53,160
advantage players, but it will be covered.

354
00:18:54,839 --> 00:18:57,240
Speaker 1: Will it be a name that we've heard of? You

355
00:18:57,559 --> 00:19:01,000
we've had some authors on here talking about relig No.

356
00:19:01,160 --> 00:19:04,400
Speaker 3: It's a new guy who names Jack Hayes h a Z.

357
00:19:06,200 --> 00:19:09,799
He's been writing about Roulette for years. We looked at

358
00:19:09,799 --> 00:19:13,799
his book. He's he's a mathematical and uh, you know,

359
00:19:13,839 --> 00:19:15,759
we've gotten lots of books over the years that are

360
00:19:16,079 --> 00:19:19,079
not mathematical, but this one was. And then we sent

361
00:19:19,160 --> 00:19:22,599
it to stu ether and ether Is. People don't know

362
00:19:22,599 --> 00:19:25,880
who Stewart Etherier is, but you know, the great Peter Griffin,

363
00:19:26,000 --> 00:19:29,279
the blackjack and gambling mathematician once told me that he

364
00:19:29,319 --> 00:19:31,720
thought Etheri was the best gambling mathematician in the world.

365
00:19:32,480 --> 00:19:36,599
So and Etherier loves games like Bakara on the off games, craps, roulette.

366
00:19:36,799 --> 00:19:39,400
We sent it through ste you know, Stu said good,

367
00:19:39,440 --> 00:19:41,240
good stuff and added a few things to us, So

368
00:19:41,279 --> 00:19:42,960
it'll be it'll be a good It'll be the kind

369
00:19:42,960 --> 00:19:44,519
of roulette book that you probably want to have on

370
00:19:44,640 --> 00:19:47,039
you know, if you're a gambling officionado, you're going to

371
00:19:47,079 --> 00:19:52,799
want to have it on your shelf. Very good.

372
00:19:54,000 --> 00:19:57,279
Speaker 2: So I guess we should talk about what's going on

373
00:19:57,359 --> 00:20:00,240
in Vegas. Is at the end of the world.

374
00:20:02,279 --> 00:20:03,880
Speaker 3: If you were, if you were to listen to the

375
00:20:03,920 --> 00:20:07,799
mainstream media, you might think it was, you know, I do.

376
00:20:08,799 --> 00:20:11,240
I don't know how many interviews I've done, you know,

377
00:20:11,319 --> 00:20:15,119
from la to London in the past thirty to forty

378
00:20:15,160 --> 00:20:17,720
five days, you know, asking me, is it all over

379
00:20:17,799 --> 00:20:20,680
for Vegas? Is it through? You know, is Vegas done?

380
00:20:20,720 --> 00:20:24,680
Because of the numbers have been bad for the casinos

381
00:20:24,680 --> 00:20:28,119
in terms of visitation, although the gambling numbers aren't that bad,

382
00:20:28,319 --> 00:20:31,240
you know, the gambling numbers are pretty flat, but it's

383
00:20:31,400 --> 00:20:34,400
fewer people and everybody's smart enough to know that the

384
00:20:34,480 --> 00:20:36,960
correlation there are fewer people that come to Vegas, the

385
00:20:37,279 --> 00:20:39,759
worst is going to be for the city. So everybody

386
00:20:39,759 --> 00:20:42,480
wants to know why, you know, what's the reason. And

387
00:20:42,559 --> 00:20:44,839
it's twofold, you know, I tell him it's twofold. It's

388
00:20:44,920 --> 00:20:47,240
it's and they don't really think about it this way.

389
00:20:47,319 --> 00:20:50,400
Everybody talks about the gouge. You know, the Vegas is gouging.

390
00:20:50,440 --> 00:20:52,599
Prices are up, that's really the hook of the whole thing.

391
00:20:53,359 --> 00:20:57,240
But it's I think the gouge is what has you know,

392
00:20:57,960 --> 00:21:01,680
put the put the knockout punch, you know, not that

393
00:21:01,759 --> 00:21:05,799
there has been a knockout punch, but it certainly emphasized

394
00:21:05,920 --> 00:21:09,640
the other problem, which is economic uncertainty right now. And

395
00:21:09,920 --> 00:21:12,440
you know, you look at what's going on in the

396
00:21:12,519 --> 00:21:14,720
United States and around the world with travel, in the

397
00:21:14,720 --> 00:21:18,319
travel industry, and everyone's feeling it, and it's all because

398
00:21:18,359 --> 00:21:24,880
of economic uncertainty tied to tariffs. And you know, you know, me,

399
00:21:25,039 --> 00:21:29,480
especially Richard, I think pretty well that I'm not really political,

400
00:21:30,079 --> 00:21:34,119
and but this is certainly tied to what Trump is

401
00:21:34,119 --> 00:21:36,400
doing right now. And I'm not saying it's his fault

402
00:21:36,440 --> 00:21:38,000
or anything else. I'm just saying this is the way

403
00:21:38,000 --> 00:21:41,599
it is, and economic uncertainty is leading to fewer people

404
00:21:41,640 --> 00:21:44,799
wanting to come here. Now you add to that the

405
00:21:45,119 --> 00:21:48,000
prices they've been charging and what we call the gouge

406
00:21:48,000 --> 00:21:50,720
on the strip, especially on the Strip, and people are

407
00:21:50,799 --> 00:21:53,039
just they've they've had it. They're just tired of it.

408
00:21:53,279 --> 00:21:55,960
They're tired of the ridiculous prices. You know, we hear

409
00:21:56,039 --> 00:21:59,680
these stories the twenty six dollars Fiji water. You know,

410
00:21:59,759 --> 00:22:02,200
some at Caesar's Fallas took a Fizi water out of

411
00:22:02,200 --> 00:22:05,000
their mini bar and got a twenty six dollars tab

412
00:22:05,039 --> 00:22:08,279
on that. And I mean I went to I was

413
00:22:08,319 --> 00:22:12,440
on a comp but I went to the Horseshoe in

414
00:22:12,720 --> 00:22:14,640
which used to be Ballet's so it's now the Horseshoe

415
00:22:14,720 --> 00:22:18,640
Las Vegas, that's Center Strip. And they didn't have a steak.

416
00:22:18,839 --> 00:22:21,519
I mean on that menu, I think they had. Their

417
00:22:21,559 --> 00:22:25,640
smallest steak was some kind of a a six ounce ribot.

418
00:22:25,680 --> 00:22:28,680
I mean, excuse me toil a for like sixty eight

419
00:22:28,720 --> 00:22:30,960
bucks and everything else was in the eighties and nineties,

420
00:22:31,480 --> 00:22:33,519
and you just look at that, say, you know, come on, man,

421
00:22:33,839 --> 00:22:35,559
you know, I mean, nobody wants to pay this kind

422
00:22:35,599 --> 00:22:37,920
of stuff. The sides were twenty dollars, the salads were

423
00:22:37,960 --> 00:22:41,519
twenty dollars, and it's kind of like that everywhere, and

424
00:22:41,559 --> 00:22:43,319
they've just pushed it and pushed it to the point

425
00:22:43,319 --> 00:22:46,400
where people are getting tired. And you start reading, when

426
00:22:46,400 --> 00:22:50,599
you start reading people's responses to podcasts about this, it's

427
00:22:50,759 --> 00:22:54,480
very telling. I mean, we copied one in LVA where

428
00:22:54,480 --> 00:22:56,680
a guy said, came to Vegas with my wife for

429
00:22:56,720 --> 00:22:58,559
a concert and I felt like I was getting mugged

430
00:22:58,559 --> 00:23:02,720
from the moment I stepped off there. So you know, people,

431
00:23:02,759 --> 00:23:06,839
they they're just not they're just not digging it now.

432
00:23:06,839 --> 00:23:08,839
On the other hand, the good things that come from

433
00:23:08,839 --> 00:23:12,640
that are the deals are going to start to get better,

434
00:23:12,640 --> 00:23:14,519
and we're starting to see that. You know, there's a

435
00:23:14,599 --> 00:23:16,720
bunch of things that we're writing about in LV eight

436
00:23:17,359 --> 00:23:20,000
and the room rates. We did our big room rates

437
00:23:20,039 --> 00:23:23,000
serving in July, and room rates are definitely down. And

438
00:23:23,720 --> 00:23:25,960
you know, the city is a yield management city and

439
00:23:26,119 --> 00:23:29,599
and they're they're a reactionary and this is actually a good,

440
00:23:29,880 --> 00:23:30,880
good thing for the customer.

441
00:23:33,079 --> 00:23:36,880
Speaker 2: And there were I'm sorry, go ahead, man, Okay.

442
00:23:36,680 --> 00:23:41,599
Speaker 1: Well after the pandemic, uh, when the casinos found out

443
00:23:41,720 --> 00:23:43,519
they didn't have to give away as much as they

444
00:23:43,599 --> 00:23:45,240
used to be given away, and they're still going to

445
00:23:45,240 --> 00:23:46,200
be making profits.

446
00:23:47,559 --> 00:23:49,279
Speaker 3: They seem to have shifted to a.

447
00:23:51,400 --> 00:23:54,839
Speaker 1: Let's say what we can get away with attitudes, and

448
00:23:54,880 --> 00:23:57,319
that's lasted five years now.

449
00:23:58,920 --> 00:24:01,920
Speaker 3: I mean, that's this whole all began coming out of

450
00:24:01,920 --> 00:24:04,799
the pandemic when they you know that term that I'm

451
00:24:04,799 --> 00:24:08,440
so sick of hearing. There's two terms I cannot stand anymore.

452
00:24:08,880 --> 00:24:11,000
And one of them was when you talk about passpot,

453
00:24:11,119 --> 00:24:14,759
you know, the law for sports betting that was struck

454
00:24:14,920 --> 00:24:20,519
down by the Supreme Court. Struck down. I mean, wasn't

455
00:24:20,519 --> 00:24:23,000
it just like overturned or something, you know whatever. I'm

456
00:24:23,000 --> 00:24:24,960
just so sick of hearing that term. But the other

457
00:24:25,000 --> 00:24:28,400
one was pent up demand, and you would hear it constantly,

458
00:24:28,440 --> 00:24:33,240
pent up demand, and it was true. And the people came,

459
00:24:33,400 --> 00:24:36,000
you know, they came roaring out of the pandemic with

460
00:24:36,160 --> 00:24:39,359
money that they had. Oh God, you know, God forbid

461
00:24:39,559 --> 00:24:42,359
saves over a year. You know, people don't like to

462
00:24:42,359 --> 00:24:44,079
save money. They like to get it in their hands

463
00:24:44,079 --> 00:24:46,799
and spend it on something right right away. But they

464
00:24:46,839 --> 00:24:48,799
didn't have anything to spend it on. So now they

465
00:24:48,880 --> 00:24:51,440
got stimulus checks that they couldn't spend, and then they

466
00:24:51,480 --> 00:24:54,720
had regular money coming in that they couldn't spend, and

467
00:24:54,759 --> 00:24:57,240
they ran into the casinos like they'd never been in

468
00:24:57,319 --> 00:25:00,799
one before, and it was just ridiculou us. And to

469
00:25:00,880 --> 00:25:04,559
Bob's point, it went on and on and on, and

470
00:25:04,599 --> 00:25:09,319
they kept saying, you know, what is of running a business?

471
00:25:09,359 --> 00:25:11,400
You know, one of the key things is what the

472
00:25:11,440 --> 00:25:15,000
market will bear. Right, one of the key economic ideas

473
00:25:15,000 --> 00:25:17,400
of profit is you charge what the market will bear.

474
00:25:17,839 --> 00:25:20,039
And the market was bearing it and bearing it and

475
00:25:20,079 --> 00:25:23,559
bearing it again, and they just lost their minds on

476
00:25:23,599 --> 00:25:26,119
the casino side and said, well, let's just keep raising

477
00:25:26,119 --> 00:25:28,799
prices and we'll see how long we can get away

478
00:25:28,839 --> 00:25:30,559
with it. And they finally got to the point where

479
00:25:30,559 --> 00:25:32,279
people are said, you know, I kind of had enough.

480
00:25:32,839 --> 00:25:35,839
You know, going into the pandemic, resort fees, which everybody hates,

481
00:25:36,160 --> 00:25:39,400
resort fees were hovering around, you know, the high thirties,

482
00:25:39,839 --> 00:25:44,039
and now you can hardly find one for under fifty bucks. Unbelievable.

483
00:25:45,200 --> 00:25:48,240
Speaker 4: Now some of the places are waving resort fees right

484
00:25:48,279 --> 00:25:50,119
now because business is so bad.

485
00:25:50,279 --> 00:25:53,200
Speaker 3: Right, Yeah, Well, you know, to my points where we said,

486
00:25:53,759 --> 00:25:57,920
you know, here here it comes. We actually in LVA,

487
00:25:58,039 --> 00:26:00,119
we wrote a story in March. It was called the

488
00:26:00,160 --> 00:26:03,799
Hamburger in Vegas, and that was the lead story in Kuponomy,

489
00:26:03,839 --> 00:26:08,079
which is the one I write. And I said, Station

490
00:26:08,200 --> 00:26:11,640
Casinos has come out with a five ninety nine cheeseburger

491
00:26:11,720 --> 00:26:14,920
and fries good in all of their almost all of

492
00:26:14,960 --> 00:26:18,319
their casinos, in their coffee shops twenty four to seven,

493
00:26:18,880 --> 00:26:21,440
five ninety nine. Well, Station Casino used to be famous

494
00:26:21,440 --> 00:26:24,440
for things like that. They were all about value, you know,

495
00:26:24,599 --> 00:26:26,480
That's how they got to where they are. But in

496
00:26:26,519 --> 00:26:29,920
the past decade too, you know, set and then since

497
00:26:29,960 --> 00:26:34,200
the pandemic, Station Casinos doesn't give away anything to anyone

498
00:26:34,319 --> 00:26:39,000
for any reason. I mean, they've joined the evil empire,

499
00:26:39,119 --> 00:26:43,720
you know, with with Caesar's and MGM. And all of

500
00:26:43,759 --> 00:26:46,279
a sudden we see this five ninety nine hamburger, and

501
00:26:46,319 --> 00:26:50,640
I said, something's up, something's happening. And lo and behold,

502
00:26:50,680 --> 00:26:53,079
here here it comes. All the bad numbers start coming

503
00:26:53,640 --> 00:26:57,839
and places started reacting. So back to your question, Richard,

504
00:26:58,480 --> 00:27:01,319
right off, the bat resorts World, which had been having

505
00:27:01,359 --> 00:27:06,240
troubles anyway, resends the resort fees, you know, no more

506
00:27:06,279 --> 00:27:11,279
resort fees one week later, no more parking fees, they say,

507
00:27:11,599 --> 00:27:13,960
ostensibly throughout the summer, so we'd be coming to the

508
00:27:14,039 --> 00:27:17,920
end of that going into September. And then Fountain Blue

509
00:27:17,920 --> 00:27:19,920
did the same thing to their lesson. Then the Sahara

510
00:27:20,000 --> 00:27:23,079
did that to their to the public in general, so

511
00:27:23,279 --> 00:27:25,440
we do we are seeing these reactions that way. That's

512
00:27:25,440 --> 00:27:27,880
why I say bad for the casinos, good for the public.

513
00:27:28,960 --> 00:27:33,079
Speaker 4: So Fountain Blue and Resorts were in real trouble, and

514
00:27:33,119 --> 00:27:36,680
so the Grand Downtown also right was in real trouble.

515
00:27:36,720 --> 00:27:39,400
Are they still Is that getting worse? Are any of

516
00:27:39,440 --> 00:27:40,319
them going to close?

517
00:27:40,960 --> 00:27:43,559
Speaker 3: I don't think that. I don't think things are getting

518
00:27:43,559 --> 00:27:47,799
necessarily better for let's say, Resorts and Fountain Blue because

519
00:27:48,039 --> 00:27:51,160
but they're okay, because you know, they're just really well funded.

520
00:27:51,160 --> 00:27:53,799
They've got a lot of money, and maybe they'll see

521
00:27:54,000 --> 00:27:56,000
that what they did during the summer was good for them.

522
00:27:56,160 --> 00:27:58,880
You know, I'm not privy to what their results were,

523
00:27:59,359 --> 00:28:04,440
but maybe they're maybe they'll see that doing giving a

524
00:28:04,440 --> 00:28:06,400
better deal will bring in more people and help things.

525
00:28:06,559 --> 00:28:09,720
Fountain Blue also finally up their video poker game a

526
00:28:09,720 --> 00:28:12,480
little bit. They had really pretty bad video poker there,

527
00:28:12,519 --> 00:28:17,559
and their payoffs got a little bit better. Not great,

528
00:28:17,640 --> 00:28:20,119
not dancer great, but you know, a little bit better.

529
00:28:20,920 --> 00:28:24,039
Downtown Grand, on the other hand, doesn't have the deep pockets,

530
00:28:24,559 --> 00:28:26,880
and there was there was a lot of word that

531
00:28:26,920 --> 00:28:32,119
they were in big trouble. However, I'm hearing otherwise now,

532
00:28:32,440 --> 00:28:34,240
and I've talked to some people that are pretty close

533
00:28:34,279 --> 00:28:37,880
and they said, don't believe everything you hear, and I

534
00:28:37,960 --> 00:28:40,000
sort of believe what I'm hearing. They said it was

535
00:28:40,200 --> 00:28:42,400
pretty pretty bad in the beginning of the summer, and

536
00:28:42,440 --> 00:28:45,799
then things have seemed to begin to turn around a

537
00:28:45,839 --> 00:28:48,119
little bit, and they're like, no, we're not going anywhere.

538
00:28:48,279 --> 00:28:49,880
And I'll tell you this. They just ran a video

539
00:28:49,920 --> 00:28:53,279
poker tournament at the Downtown Grand and people were telling

540
00:28:53,319 --> 00:28:56,480
me fifty to fifty that it even comes off, that

541
00:28:56,839 --> 00:29:00,359
they'll they'll cancel it or they'll close. Before that came

542
00:29:00,400 --> 00:29:04,400
off and it went fine and everybody got paid. And

543
00:29:04,480 --> 00:29:06,960
so I don't think that any of them are on

544
00:29:07,039 --> 00:29:09,480
the precipice of something like that happening. But then again,

545
00:29:10,079 --> 00:29:14,880
when the pandemic started to hit high gear, I famously

546
00:29:14,920 --> 00:29:18,119
told USA Today that Vegas would never close. So take

547
00:29:18,160 --> 00:29:18,920
it with a grain of salt.

548
00:29:18,960 --> 00:29:22,920
Speaker 7: What I have to say, Vegas closed two days later

549
00:29:23,000 --> 00:29:26,960
after I told that publish in USA today, Vegas closed

550
00:29:26,960 --> 00:29:31,000
for seventy two days.

551
00:29:32,319 --> 00:29:38,000
Speaker 1: All right, Thank you Anthony Curtis. You've given food for

552
00:29:38,079 --> 00:29:41,759
thought a lot of different subjects. And thank you Richard

553
00:29:42,519 --> 00:29:45,880
and got and hit lots of royal flushes. Everybody, Good day,