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Speaker 1: Good afternoon. You're listening to Gambling with an Edge.

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Speaker 2: Now Here are your hosts, Bob.

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Speaker 1: Dancer and Richard Munchkin.

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Speaker 3: Good afternoon, Welcome to Gambling with an Edge. I'm Bob

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Dancer and I'm Richard Munchkin. Today we're discussing Blair Rodman's

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new book all about sports betting, The Definitive Guide. Blair

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is here along with his two co authors, Anthony Curtis

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and Frank b.

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Speaker 2: Gentlemen, Welcome to Gambling with an Edge.

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Speaker 4: Thanks Bob.

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Speaker 2: Let's start with you, Blair. There are a lot of

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books out there about betting on sports, some of them

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are very good. What does this book offer that the

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other ones don't?

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Speaker 5: This book basically offers soup the nuts look at the

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whole sports betting industry. So I go through everything from

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the history of sports being right to are all, what

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types of bets, where to bet, how to bet, and

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I include a story I was with a majorly successful.

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Speaker 6: Sports betting group in the nineties.

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Speaker 5: I write a diary of that, which is something I

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always wanted to write, which is why the book kind

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of expanded from what Anthony originally wanted and then we

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ended up with Once Frank came on board. We ended

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up with an underd page chapter on strategy, which is

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very I think illuminating for a lot of people. And

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the basic target audience is people are new to sports

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betting or relatively inexperienced and might not be getting the

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results they want, and to help them figure out how

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to find good bets, how to avoid bad bets, and

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basically how to enjoy yourself betting sports without thinking you're

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going to make a leaving at it.

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Speaker 2: It's hard for me to know which question to ask

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which of you? All three of you are all purpose

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aps with winning knowledge about several games, include sports betting. Anthony,

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you've been good friends with Blair for decades. How did

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it happen? This book came about with three authors?

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Speaker 4: Yes, this was.

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Speaker 7: It's kind of interesting the genesis of this, I mean

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five years ago this was. This was a different book

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with a different author, and the original author I won't

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mention his name. He's not really well known in the

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sports betting circles anyway, but he you know, he was

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able to write it. What I wanted was a how

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to book. I wanted to buy how to I mean

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like how to bet. I wanted a basic beginner's book.

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Speaker 4: You know.

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Speaker 7: We saw what was going on with sports betting and

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being legalized all over the United States and of course

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the world, and I figured that a lot of people

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would like to get involved and didn't even know how

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to place a wager. So the original person I gave

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the book too, he came back with a book on

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handicapping with no way. I asked for ye and it's

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not what, you know, what I wanted it to be.

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So we made a settlement. I went to Blair and

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Blair had written Obviously Killed Phil, which was a great

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beginner's book for poker turned into players, and I thought

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Blair would be with this sports.

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Speaker 4: Betting background, he'd be the guy. And he was.

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Speaker 7: And that's what there's a lot of that in this book.

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If you've never made a sports bet, it will tell

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you how to do it. I mean this, give this

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one to your wife or your girlfriend. You don't no

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offense on genders here. But it just got into more

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and more, and as it got bigger and bigger, I said, well,

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let's get into the strategy.

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Speaker 4: And that's when we pulled Frank into it.

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Speaker 7: And Lady Blair says, almost a book within a book

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ninety seven pager called Ken You Win.

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Speaker 4: But it began as a beginner's book. It remains a

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beginner's book with a lot more on top of it.

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Speaker 8: I was just going to say what I really appreciated

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about the book. Just as when I was learning to

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play blackjack and reading all the blackjack books, the ones

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that stood out the most to me are the ones

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that I enjoyed the most were the ones with the

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stories about going out and playing and the actual, well

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sort of day to day of being a professional blackjack player.

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And so that's what I appreciated most, was your chronicling

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of being part of that big team and going out

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and actually making the bets and the stories that went

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along with it.

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Speaker 6: Yeah, it was a great ten years.

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Speaker 5: And that's why it kind of expanded from what Anthony wanted,

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because I always wanted to tell that story. It was

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a great story. It was a great time in my life.

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And there's a lot of good lessons in there also.

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And so they think things we did in the nineties

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are they still applicable? A lot of them are, some aren't.

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You know, technology is really accelerating things. But from what

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I see now, the way people are using AI and

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the very best betters. It's just making a bigger gap

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between the pros and the jos, and so they need something.

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You know, if you just like the bet sports to

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enjoy it and have a little excitement and have a

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little wager on it. A lot of people are losing

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too much money doing that. So we try to do,

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without getting too far into the weeds of being professional,

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is how to cut down the aus edge as much

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as possible, possibly reverse it in certain situations, but let

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you enjoy sports betting without having be a real economic

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drag on your butt.

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Speaker 4: Here's you know, I'll throw this in here too, just

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for background.

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Speaker 7: The team that Blair played on, you know that morphed

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from the blackjack team that we played on. Now, originally

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it was Blair and I played on Stanford Wong's original

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tournament team, and when Wong broke that team up, we

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went to another group that we.

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Speaker 4: Had met along the way. A guy named Alan Brown

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ran it, and we played that.

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Speaker 7: As a group for probably three or four years, and

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then everybody kind of split up there and Blair and

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Alan and some others went into the sports by things.

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So it all came you know, this this long trip

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from black Tack into sports.

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Speaker 2: So, Frank, you've been on our show numerous times, sometimes

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with Anthony, sometimes not, and the subject you've spoken about

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to our audience most frequently have been sports betting, tournaments,

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prop bets, and the Mattress mac Hedge. Not surprisingly, in

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this book you talk about tournaments, prop bets, and the

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Mattress mac Hedge, among many other things. What other topics

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did you write about?

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Speaker 1: Okay, So, first of all, the two out of those

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three topics Anthony covered he covered his chapter. Our portions

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were primarily with contests, tournament strategy, which is very important,

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and the Mattress Max stuff. Anthony took care of that.

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I chimed in when it came to the props along

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with Blair. So I kind of anything that's in the

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book I kind of added to try to elaborate on

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and take it, maybe take it to the next level.

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But you know, so two out of three of those

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were Anthony's area that he did the bulk of the work.

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So but the prop bet thing, Yeah, that's something that

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a lot of people are interested in, and it's grown

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a lot over the course of the like twenty years.

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I would say that I've been betting props. It's probably

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been a little longer that time flies, but prop betters

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used to be considered a real pariah to the sports books.

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You were really frowned upon and reconsidered the least desirable

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type of customer because you were like picking them apart

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on stuff that they didn't really have a handle on

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how to make lines, and you got limited fast. And

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you know, they always tried to tell you, hey, if

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you want to keep this account, you need to give

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us at least fifty percent of your action has to

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be on sides and total. Stop all this prop stuff.

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You're going to lose your account and so, but that's

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not the case anymore. As time marched on, and especially

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once it became legal to bet on sports in America,

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props became more and more accept it. Okay, now you

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can't get down as much as you can on side

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in the totals, that's still the case. But when you

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have an ROI that's double or triple that of what

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you can achieve on sides and totals, it's a very

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attractive area to get into. So I do cover some

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prop stuff, and like Blair pointed out, this is an

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introductory trying to get you heading in the right path

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on all elements of sports betting. So it's an introductory,

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uh treatment of prop betting, but it doesn't go all

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that deep, uh to where you start getting really specific

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and read really detailed about a strategy.

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Speaker 4: You know.

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Speaker 7: All add to that, too, is that everything that was

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in this book, the three of us, except for things

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that were personal like blair story and things like that,

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the three of us, you know, went over together.

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Speaker 4: We talked about it. You know, do we want this,

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do we want that she re embellish somewhere else? You know? Additionally,

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what else do we want to do?

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Speaker 7: When it got really specific where Frank was coming in

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with information that sent of a s other part in

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the book is highlighted in a way that you know

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that spring talking and staying with me. In a couple

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of areas, the majority of it is Blair is Blair's book.

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Speaker 4: He's a lead author.

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Speaker 7: I mean he wrote, you know, eighty percent of eighty

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five percent of but be thus everything all of us

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together said, yeah, that's good, we all read it. We

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all corrected one another, so went through all three of

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us in the process.

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Speaker 5: Yeah, there were some areas you know, we wanted to

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focus on that people get in trouble with parlays and

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same game parlays being a primary one, so we cover

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those pretty pretty in depth and basically a lot of stuff.

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We talked about our warnings to people that you know,

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these are bad things to do, bad bests, you should

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avoid these. We talked about teasers, but not as much

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because there's not that many people who are target audience

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in his book that have teasers with decent prices. You know,

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the best price you can get in America is minus

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one twenty on it on a two teamer, Yeah, sixteen

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sixteen two teamer or six point sorry to teamer, and

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you know that's barely Maybe you can find some good things,

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but that's only at DraftKings. As far as I see

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in Vegas, it's dollars thirty dollars, thirty five dollars forty.

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They're just not playable. So we didn't go heavily into

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the math on teasers, but we do give some basics

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if you want to play them and you know how

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to just bullet points on what to do with teasers.

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Speaker 2: One of the things that I really liked about the

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book were the numerous QR codes. More than one of

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these codes, for example, directing the reader to analysis by

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Captain Jack Andrews, who has written expertly about a number

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of sports betting subject since he covered the subject, well,

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why reinvent the wheel now? I haven't seen QR code

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uses frequently in any other book. Is this just that

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I haven't read the right books, or is this brand new?

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Speaker 7: Well, I guess that's for me as a publisher. Yeah,

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this is a new way. Are very you know, everybody's

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the phones are handy. Everybody's so good with their phones

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that they can click on to it and get into

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something that you don't have to rehash in those pages.

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And we started it with really the first one we

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did it with was the twenty first Century Card.

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Speaker 4: Counter, where in the.

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Speaker 7: Second edition of that book we realized that we could

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use QR codes in a lot of different places rather

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than putting URLs in the book that people have to

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go to the computer or phones to put in, and

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they could just click with their phone. So twenty per

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Century Card Counter we did it worked real well. Blair's

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we did even more. All about Sports Betting has a

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lot of QR codes, leading to a lot of additional studies.

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So I mean, it's a reference guy. What we call

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it the definitive guy is because it's such a reference

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guy to all great things, so many great things that

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have been written by other people.

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Speaker 1: Yeah.

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Speaker 5: I like lots of articles that are interesting, and I

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like the Captain Jack a lot because he's brilliant and unobated.

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I gave a really good right up because I think

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if you're beginning in sports betting, you should soak up

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everything they have to teach you.

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Speaker 6: He's he's really amazing. Yeah.

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Speaker 8: The other good thing about QR codes is that as

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things change, things get updated. So you're going to a

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site where it may be more relevant, you know, two

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years from now, depending on the site, whether it's been

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updated or not. You know what I mean, Because like,

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for example, you're pointing out about the teasers, you know, well,

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you you may go somewhere and find out that, oh,

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the prices have gotten even worse or whatever.

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Speaker 7: Yeah, the q the QR codes, just as technology gets

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better and people get more used to it, especially people

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all of our age and our generation, you know, I mean,

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we're even all learning to use it now.

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Speaker 4: Now it makes sense to us. We used to look

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at it and go that's all that's quickly.

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Speaker 7: South, you know, and now we know what we're supposed

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to do with it, and we can we can take

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ourselves to areas of additional learning that we might not

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have included in the book, and now we can do such.

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So Yeah, from a publishing standpoint, the QR codes are

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really really strong, and we're going to keep making use

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of them in our products.

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Speaker 6: Going four, Frank, I see you shaking your head.

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Speaker 1: Yeah, I'm getting the live reports from people around town.

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What's going on.

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Speaker 8: We should at least have mentioned you're in the middle

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of a war zone in Mexico right now.

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Speaker 1: Yeah, it's been five hours now, not even a little

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were coming up on. Five hours ago, the Mexican military

265
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here I live in Puerto Ayerta in the Mexican military

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just outside of town apprehended some guy. It's the leader

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of the Jalisco cartel, which is the state of Livan.

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They tried to apprehend them. They end up killing him

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in the process, and it took about thirty minutes before

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the cartel started retaliating and they're burning it. They're literally

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burning the city down right now. As I'm sitting here,

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I'm reading like they just burnt down this building. They

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just you know, did this. This taxi driver just got shot.

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You know, it's I'm sure you go because this will

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be uh produced and then put out a few days

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for now. You guys all know what I'm talking about

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by by the time that you hear this. But in

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Porto Bayarda, we are on complete lockdown and uh the

279
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city is literally burning down around me. We have four

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hundred cars on vehicles on fire. They're burning every bus

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because they don't want anybody leaving the area. And this

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is just our retaliation because the cartel is you know,

283
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they're they're they're gonna they're trying to make a point

284
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right here, and their point is they're gonna burn this

285
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city down. So we'll see what happens tonight. But yeah,

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it's not a good situation.

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Speaker 4: Now.

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Speaker 1: Airports are closed here in in Guadalajara, and uh, the

289
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police are dealing with an issue. It's almost like it

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was a created distraction. They also burned the prison down

291
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nearby and thereby all the inmates got out and now

292
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have all the prison guards weapons and they're making their

293
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way towards that. So that's you know, it's not too

294
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hard to get a vehicle we're talking about ten miles out,

295
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so it's not too hard to get a vehicle if

296
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you have a weapon. So we're bracing for a pretty

297
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rough night here. So that's why Bob said, I'm shaking

298
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my head. It's because I'm looking at the phone of

299
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people are telling me all this bad stuff that's happening

300
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by the minute.

301
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Speaker 6: Yeah, the world's crazy.

302
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Speaker 5: Another thing we talked about there is touts, and I

303
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think that's an important.

304
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Speaker 6: Warning for people speaking of evil entities.

305
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Speaker 5: Yeah, so we go the you know, I go into

306
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that affairly in depth, and it's just such an easy

307
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trap to fall into. And you know, you look at

308
00:15:54,440 --> 00:15:56,639
all these things, I mean, on every TV show, every

309
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sports show, it's linked to fan duel or partners with

310
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draft kings, ever, and you have people giving you picks,

311
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and if you spend your life following these people's picks,

312
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you're going to go grow fast.

313
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Speaker 6: So you just have to be careful about that. It's

314
00:16:08,360 --> 00:16:10,559
a trap. A lot of people fall into that trap.

315
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Speaker 5: Yeah.

316
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Speaker 1: Yeah. So since you're on the subject that I'm almost

317
00:16:14,200 --> 00:16:21,399
equally against is cartels and touts. Touts, really, the chapter

318
00:16:21,440 --> 00:16:23,720
that Blair wrote on touts really needs to be paid

319
00:16:23,759 --> 00:16:25,799
attention to and really could have gone a little even

320
00:16:25,840 --> 00:16:30,159
further because so much misinformation is out there these days,

321
00:16:31,600 --> 00:16:35,399
being put out by touts and other actually other people

322
00:16:35,440 --> 00:16:39,919
that are just out there creating content as sports advisors. Okay,

323
00:16:40,320 --> 00:16:45,320
they really don't have a grasp on the fundamentals of

324
00:16:46,120 --> 00:16:50,279
sports betting, and all of us here understand that, you know,

325
00:16:50,519 --> 00:16:53,720
the most important thing that the foundation of any winning

326
00:16:53,759 --> 00:16:56,200
strategy is your is your basic strategy. You have to

327
00:16:56,279 --> 00:16:59,320
know the game, the mechanics of the game, how it works,

328
00:16:59,440 --> 00:17:02,080
the house that you're up against, and how to climb

329
00:17:02,120 --> 00:17:04,079
that hill to break even and then hopefully get you

330
00:17:04,200 --> 00:17:07,319
over the top. Touchs ignore all that sort of a

331
00:17:07,359 --> 00:17:09,000
lot of these sports and these guys you see on

332
00:17:09,039 --> 00:17:11,839
the internet on YouTube and Twitter and all that, they

333
00:17:12,160 --> 00:17:14,720
they don't care about that, and if you start to

334
00:17:14,799 --> 00:17:17,839
engage in a conversation about that, it quickly becomes a

335
00:17:17,920 --> 00:17:20,200
parent that they don't know what they're talking about. So,

336
00:17:20,559 --> 00:17:23,839
you know, it's it's it's it's it's not something where

337
00:17:23,880 --> 00:17:25,839
it's just like a casual thing like, oh, hey, this

338
00:17:25,839 --> 00:17:28,480
guy has an opinion. You really have to steer yourself

339
00:17:28,519 --> 00:17:31,880
away from all this bad information and build your foundation

340
00:17:32,039 --> 00:17:33,799
from the ground up, and that's what a lot of

341
00:17:33,799 --> 00:17:36,480
this book is about, is about building your foundation from

342
00:17:36,480 --> 00:17:40,119
the ground up and avoiding the early mistakes that most

343
00:17:40,200 --> 00:17:43,680
gamblers make whenever they enter any game and try to

344
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get you know, and try to figure out if they

345
00:17:45,799 --> 00:17:48,359
can beat it. If you start out with bad ideas

346
00:17:48,480 --> 00:17:51,720
and flawed strategies, you are you're not going to get anywhere.

347
00:17:51,960 --> 00:17:55,480
And so that that's you know, avoiding mistakes and building

348
00:17:55,480 --> 00:17:57,599
a foundation a basic strategy is a lot of what

349
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the book's about.

350
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Speaker 5: Yeah, there are a lot of these kids get trapped

351
00:18:04,000 --> 00:18:07,119
is with influencers. This is you know, they see this

352
00:18:07,200 --> 00:18:09,599
is prime territory and there's lots of them out there,

353
00:18:10,039 --> 00:18:13,960
and you know, it kind of started with uh Vegas Dave.

354
00:18:14,640 --> 00:18:16,160
You know, he was kind of an influence who he's

355
00:18:16,200 --> 00:18:18,559
always on social media and he made tons of money

356
00:18:18,559 --> 00:18:21,000
and didn't make money for anybody but himself. And that's

357
00:18:21,039 --> 00:18:23,400
what these guys are doing. So the influencer thing is

358
00:18:23,440 --> 00:18:27,519
so so everywhere now with these younger generations.

359
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Speaker 6: You really need to be careful with that.

360
00:18:29,279 --> 00:18:29,480
Speaker 4: You know.

361
00:18:29,519 --> 00:18:32,039
Speaker 7: There's almost four hundred pages in the book and we

362
00:18:32,119 --> 00:18:34,240
hit a lot of different things. I mean, we talked,

363
00:18:34,440 --> 00:18:36,680
we can't talk a lot about it because it's just beginning,

364
00:18:36,759 --> 00:18:39,519
but you know, prediction markets and things like that, the

365
00:18:39,599 --> 00:18:43,680
exchanges and where they're going. But there's a lot of

366
00:18:43,720 --> 00:18:46,759
fundamental stuff in here. Blair, you can probably speak to this.

367
00:18:46,920 --> 00:18:50,400
You know, when when we decided to do the strategy section,

368
00:18:51,279 --> 00:18:54,359
we explained that, you know, what are basically the two

369
00:18:54,400 --> 00:18:58,480
methods bottom up and top down sports betting, And you know,

370
00:18:58,599 --> 00:19:00,319
I haven't seen that in a lot of different place

371
00:19:00,359 --> 00:19:00,960
with Blurry you can.

372
00:19:01,079 --> 00:19:02,319
Speaker 4: You don't go further with that.

373
00:19:03,119 --> 00:19:05,680
Speaker 5: Yeah, I mean, you know, when we're with my group,

374
00:19:05,720 --> 00:19:08,599
I had two guys that were geniuses, that were you know,

375
00:19:09,079 --> 00:19:11,880
bottom up guys that would the programmers and the modelers

376
00:19:11,920 --> 00:19:14,000
they call them now, and we put out a line

377
00:19:14,039 --> 00:19:16,400
and when it was different than the casino, we bet,

378
00:19:16,799 --> 00:19:20,920
and that's what basically handicappers do. But you know, without

379
00:19:21,000 --> 00:19:23,680
those guys, I just went the other way and.

380
00:19:23,759 --> 00:19:26,240
Speaker 6: Do more top down stuff. I'm not a modeler. There

381
00:19:26,240 --> 00:19:27,039
are people that are.

382
00:19:27,160 --> 00:19:30,079
Speaker 5: But modeling is a tricky thing because there's a lot

383
00:19:30,079 --> 00:19:32,039
of people doing it that I know.

384
00:19:32,079 --> 00:19:33,119
Speaker 6: They're a lot smarter than me.

385
00:19:33,680 --> 00:19:35,240
Speaker 5: So if you think you can just get in and

386
00:19:35,240 --> 00:19:38,039
do basic modeling and find an edge, it's not gonna work.

387
00:19:38,359 --> 00:19:39,839
Speaker 6: So you have to be careful with that too.

388
00:19:40,720 --> 00:19:43,960
Speaker 1: Yeah, when it comes to models, model is as good

389
00:19:44,000 --> 00:19:47,839
as the information that that fed into it. So there

390
00:19:47,880 --> 00:19:52,079
are there's this there's this misconception that if you got

391
00:19:52,079 --> 00:19:54,319
a model, you must be winning. No, that's not the case.

392
00:19:54,319 --> 00:19:56,759
I've seen terrible models. I've seen models that spit out

393
00:19:56,799 --> 00:19:58,960
stuff that you wouldn't believe. You go it just with

394
00:19:59,039 --> 00:20:03,119
a cursory familiarity with the subject. That can't possibly be right.

395
00:20:03,160 --> 00:20:06,319
You're doing something wrong. So just because you have a

396
00:20:06,359 --> 00:20:08,759
model doesn't mean you've all of a sudden got the

397
00:20:08,799 --> 00:20:10,240
keys to the kingdom to make money.

398
00:20:10,920 --> 00:20:13,000
Speaker 5: Yeah. One reason I put the story of a group

399
00:20:13,000 --> 00:20:15,400
in there is to show people what it takes to

400
00:20:15,519 --> 00:20:18,960
really be a long term significant winner. You know, we

401
00:20:19,000 --> 00:20:22,039
worked seven days a week, sixteen hours a day for

402
00:20:22,160 --> 00:20:25,799
you know, eight months a year, and at the end

403
00:20:25,839 --> 00:20:27,559
it got to where we had a tough time beating

404
00:20:27,559 --> 00:20:29,640
it anyway, and so why the group broke up. So

405
00:20:30,000 --> 00:20:32,440
to think that you can just watch games or have

406
00:20:32,519 --> 00:20:34,920
opinions or read you know, the internet and think you're

407
00:20:34,920 --> 00:20:37,000
going to get an edge, you're not. And it's a

408
00:20:37,039 --> 00:20:38,880
real trap for people and I try to make that

409
00:20:38,960 --> 00:20:42,720
plane to people that for ninety eight percent at least

410
00:20:42,759 --> 00:20:45,079
to the people you should be doing for entertainment, and

411
00:20:45,160 --> 00:20:47,720
doing it in a way that makes you enhances your

412
00:20:47,759 --> 00:20:51,960
experience rooting for your team or rooting for woevery bet

413
00:20:52,039 --> 00:20:54,039
on and not thinking that you're going to make it

414
00:20:54,119 --> 00:20:56,799
living on it, because almost in every case you're not.

415
00:20:57,000 --> 00:20:59,240
Speaker 1: Twenty plus years ago, it was much easier to make

416
00:20:59,279 --> 00:21:02,400
a living bottom up, you know, not as as time

417
00:21:02,440 --> 00:21:05,680
went on and information became more readily available, all of

418
00:21:05,759 --> 00:21:10,240
a sudden things became the market became more efficient, and

419
00:21:09,920 --> 00:21:14,039
and and starting beginning with a top down approach, you know,

420
00:21:14,079 --> 00:21:16,680
which is basically like we've been saying, basic strategy, it's

421
00:21:16,720 --> 00:21:21,160
it's it's it became more important to start your education

422
00:21:21,319 --> 00:21:24,640
that way, you know, foundationally with a top down approach,

423
00:21:24,720 --> 00:21:27,680
and then you could add the handicapping aspen or the

424
00:21:27,680 --> 00:21:29,519
bottom of where we want to say it. So, so

425
00:21:29,559 --> 00:21:32,759
that's that's why it's important to uh, you know, to

426
00:21:32,759 --> 00:21:35,839
to not get too far ahead of yourself with with

427
00:21:36,240 --> 00:21:39,240
your your you know, the way you go about trying

428
00:21:39,240 --> 00:21:40,200
to beat sports betting.

429
00:21:40,759 --> 00:21:43,359
Speaker 5: Yeah, when we started, we started in nineteen ninety, there

430
00:21:43,400 --> 00:21:45,519
was no Internet, there was barely cell phones. You know,

431
00:21:45,759 --> 00:21:48,799
we did stuff with payphones and then walkie talkies and

432
00:21:49,480 --> 00:21:51,480
we found a way. I explained this in the book

433
00:21:51,519 --> 00:21:53,440
and that it was brilliant that Alan Brown came with

434
00:21:53,559 --> 00:21:56,799
the idea, let's have a clipping service in every city

435
00:21:56,799 --> 00:21:58,680
where there's an NBA team, because we started with the

436
00:21:58,759 --> 00:22:01,799
NBA and we got sports pages every morning, like five

437
00:22:01,839 --> 00:22:04,079
in the morning. We got injuries, we got game plans,

438
00:22:04,079 --> 00:22:06,759
we got everything. No one else had it. And you know,

439
00:22:06,839 --> 00:22:09,920
the newspapers started coming on line around ninety four, and

440
00:22:09,960 --> 00:22:13,400
we hated it because now people are having the information

441
00:22:13,480 --> 00:22:15,119
that we had that no one else did. And it

442
00:22:15,160 --> 00:22:16,880
took a couple of years for it to really get

443
00:22:16,960 --> 00:22:19,599
to where everyone had the information we had that no

444
00:22:19,599 --> 00:22:21,839
one else had for years, and it was a huge

445
00:22:21,880 --> 00:22:22,839
advantage for us.

446
00:22:23,079 --> 00:22:27,240
Speaker 1: Do you remember that that news that that distributor, that

447
00:22:27,319 --> 00:22:30,400
shop on Paradise that used to sell the out of

448
00:22:30,440 --> 00:22:38,079
time newspapers. No, it was over there by Firefly, remember that, Anthony. Yeah, Yeah,

449
00:22:38,200 --> 00:22:41,960
So that was a very popular spot. The newspapers were like,

450
00:22:41,960 --> 00:22:43,640
I guess, come off the airplane. They would end up

451
00:22:43,640 --> 00:22:45,599
there and guys would go there and they get all

452
00:22:45,599 --> 00:22:49,119
the newspapers from around the country to get the sports section.

453
00:22:49,880 --> 00:22:53,480
Speaker 7: Yeah, I think going back, going back to the QUO

454
00:22:53,599 --> 00:22:56,200
R codes where they've become very important in this is

455
00:22:56,279 --> 00:23:01,359
these days you've got to use a lot of the

456
00:23:01,359 --> 00:23:04,279
the calculators and the tools that are out there for

457
00:23:04,319 --> 00:23:08,599
sports petting, and we link to those. This book links

458
00:23:08,599 --> 00:23:11,400
to those, those that are unabated, those are at other areas.

459
00:23:11,519 --> 00:23:14,960
UH talks about where you can find line services and

460
00:23:15,000 --> 00:23:15,599
how to do that.

461
00:23:15,680 --> 00:23:17,680
Speaker 4: These are all the things you need. These are the

462
00:23:17,680 --> 00:23:20,839
tools you need to beat the game. These days.

463
00:23:21,039 --> 00:23:23,480
Speaker 7: Sports is a beatable game. Of course, that's a market.

464
00:23:23,480 --> 00:23:26,640
Markets are beatable. But to do it right and to

465
00:23:26,680 --> 00:23:29,720
do it efficiently, you've got to use all these great

466
00:23:29,759 --> 00:23:32,119
tools and calculators that are out there now and relate

467
00:23:32,160 --> 00:23:34,039
to a bunch of them. There's a ton of them,

468
00:23:34,920 --> 00:23:36,640
and I think that's one of the for those who

469
00:23:37,319 --> 00:23:40,319
who want to aspire to be very good at this,

470
00:23:40,319 --> 00:23:41,920
This is one of the best things are going to

471
00:23:41,960 --> 00:23:42,480
get out of it.

472
00:23:42,839 --> 00:23:45,240
Speaker 5: And we also have a lot of references to if

473
00:23:45,240 --> 00:23:48,119
you want to further your education, books that I've used

474
00:23:48,160 --> 00:23:50,960
and that you guys know about, and other sources that

475
00:23:51,000 --> 00:23:51,960
can help you improve.

476
00:23:52,200 --> 00:23:54,119
Speaker 6: Maybe beyond what we teach you in this book.

477
00:23:55,000 --> 00:23:56,920
Speaker 5: But you know, we teach you enough, like I said,

478
00:23:56,960 --> 00:23:59,119
to help you cut down the house edge and where

479
00:23:59,160 --> 00:24:00,480
you go from there up to you.

480
00:24:01,359 --> 00:24:04,720
Speaker 2: Now, the sports betting industry is going to be different

481
00:24:04,720 --> 00:24:06,799
in ten years than it is today. We don't know

482
00:24:06,839 --> 00:24:08,960
how it's going to be different, but we do not. Well,

483
00:24:10,119 --> 00:24:15,160
do you expect to have second editions and third editions

484
00:24:15,279 --> 00:24:16,240
or Blair?

485
00:24:16,279 --> 00:24:17,839
Speaker 1: Are you retiring? And this is it?

486
00:24:18,640 --> 00:24:18,680
Speaker 4: No?

487
00:24:19,039 --> 00:24:19,240
Speaker 8: You know.

488
00:24:19,319 --> 00:24:21,640
Speaker 5: The one thing we really didn't get into heavily. I

489
00:24:21,720 --> 00:24:24,440
covered it but not depth was the prediction markets and

490
00:24:24,480 --> 00:24:27,319
the sweep set betting. It's just the legal landscape is

491
00:24:27,400 --> 00:24:30,240
changing so quickly that it's hard to keep up with,

492
00:24:30,359 --> 00:24:33,640
and we finally just had to publish. But a lot

493
00:24:33,680 --> 00:24:35,720
of the stuff we talk about is also you know,

494
00:24:36,119 --> 00:24:40,039
it is applicable to prediction markets, your basic strategy and

495
00:24:40,079 --> 00:24:42,000
all the other things you do. It's just a different

496
00:24:42,039 --> 00:24:44,359
miliu which may or may not be here in six months.

497
00:24:44,359 --> 00:24:44,880
Speaker 4: Who knows.

498
00:24:45,319 --> 00:24:48,000
Speaker 7: One thing we did we went with small print run

499
00:24:48,400 --> 00:24:50,400
and we went on a small prim run run, so

500
00:24:51,319 --> 00:24:53,039
we can we do that a lot now.

501
00:24:53,119 --> 00:24:55,200
Speaker 4: You know, that's the strategy of these days.

502
00:24:55,119 --> 00:24:58,519
Speaker 7: When you do a book with technical aspects to make

503
00:24:58,559 --> 00:25:01,000
sure you can fix any problems that might be in there,

504
00:25:01,039 --> 00:25:04,480
but also to to to stay up on top of

505
00:25:04,559 --> 00:25:07,160
what's going on and changing. So we'll we'll continue to

506
00:25:07,359 --> 00:25:10,400
update this book as we put it into additional printings.

507
00:25:11,599 --> 00:25:14,119
And then of course there's las Latest advisor dot com

508
00:25:14,440 --> 00:25:17,240
where Blair will hang out. We're putting together like a

509
00:25:17,359 --> 00:25:19,240
chat room for him for people who read the book

510
00:25:19,279 --> 00:25:21,480
and want to come back and ask questions and so forth.

511
00:25:21,599 --> 00:25:24,640
Speaker 8: I'm kind of amazed at you know, now they're calling

512
00:25:24,680 --> 00:25:29,839
them prediction markets instead of betting exchanges, and the uh,

513
00:25:30,160 --> 00:25:33,240
you know, the wrap on that was always that it

514
00:25:33,319 --> 00:25:37,720
was so difficult for Americans to understand how to use them.

515
00:25:38,119 --> 00:25:41,680
And I'm pretty amazed at how popular Calshi has become

516
00:25:42,440 --> 00:25:46,400
so quickly. There didn't seem to be the same hurdle

517
00:25:46,480 --> 00:25:49,039
for people to understand how to get in there and

518
00:25:49,079 --> 00:25:50,359
start making bets.

519
00:25:50,759 --> 00:25:52,480
Speaker 4: Well he didn't. Didn't they disguise them?

520
00:25:52,519 --> 00:25:54,799
Speaker 7: I mean, didn't they disguise this and make them look

521
00:25:54,839 --> 00:25:57,200
a lot like regular sports book bets? I think, I

522
00:25:57,200 --> 00:25:58,599
mean that was That's a big part of it to

523
00:25:58,640 --> 00:26:01,759
begin with, Like I mean, yeah, you know, we don't

524
00:26:01,799 --> 00:26:03,319
have access to it, so I don't know, but that's

525
00:26:03,319 --> 00:26:04,400
what I've been told.

526
00:26:04,759 --> 00:26:06,640
Speaker 5: Betting exchange is the ones that are out there are a

527
00:26:06,680 --> 00:26:09,279
little bit clunky and it does take some learning to

528
00:26:09,279 --> 00:26:10,240
figure out to use them.

529
00:26:10,720 --> 00:26:14,480
Speaker 6: And I haven't done much with the exchanges because they're basically.

530
00:26:14,000 --> 00:26:16,160
Speaker 5: They were legal air and then not. Now they are.

531
00:26:16,599 --> 00:26:20,319
But it doesn't give you any kind of menu that

532
00:26:20,359 --> 00:26:22,079
compares to some of the sports books.

533
00:26:22,599 --> 00:26:24,880
Speaker 1: No, it doesn't that you can do there. Yeah, no

534
00:26:24,960 --> 00:26:27,519
it doesn't. It doesn't give the same menu. But that

535
00:26:27,680 --> 00:26:29,599
is This is where you're going to start to see

536
00:26:29,640 --> 00:26:34,319
a separation between you know, the top fifty percent of

537
00:26:34,359 --> 00:26:36,839
sports baters as far as education goes in the bottom,

538
00:26:37,119 --> 00:26:40,039
you know, the more advanced sports braders are going to

539
00:26:40,119 --> 00:26:44,079
gravitate towards whatever you want to call them, prediction markets exchanges.

540
00:26:44,480 --> 00:26:47,960
Prediction market is just another term, I guess you could

541
00:26:47,960 --> 00:26:50,279
say for wisdom of the crowd. This is what these are.

542
00:26:50,319 --> 00:26:53,400
These are these these are things where that we're there,

543
00:26:53,480 --> 00:26:56,599
you're putting up offers, they're being accepted by other other players.

544
00:26:56,640 --> 00:26:58,559
It's not a book posting anything. They're just dragging a

545
00:26:58,599 --> 00:27:02,759
commission and it's it's gonna be the way of the future.

546
00:27:02,799 --> 00:27:05,920
But what's gonna be. It's gonna attract the sharper guys,

547
00:27:05,960 --> 00:27:09,240
because yes they are, I guess you could say quickly

548
00:27:09,240 --> 00:27:14,279
if they become sharper markets, But they also have smaller

549
00:27:14,559 --> 00:27:17,279
or tighter straddles, And that's what's attracting the smart better.

550
00:27:18,160 --> 00:27:21,559
The conventional sports books, like your DraftKings and fans, they're

551
00:27:21,640 --> 00:27:25,319
fine with the sharper betters going there. They don't really care,

552
00:27:25,319 --> 00:27:28,960
they don't really want them anyway. So you're gonna start

553
00:27:28,720 --> 00:27:32,519
to even more separation between the squares playing at DraftKings

554
00:27:32,799 --> 00:27:36,400
and the sharp guys playing at wherever cal sheet and

555
00:27:36,400 --> 00:27:39,000
and and that's that's gonna be. That's gonna be the

556
00:27:39,000 --> 00:27:42,359
evolution of this, you know, because it is a little

557
00:27:42,400 --> 00:27:45,359
more difficult to understand the mechanics of betting at an exchange.

558
00:27:45,440 --> 00:27:49,519
It is a little more work to get into the

559
00:27:49,519 --> 00:27:52,000
book because you don't have like bonus and stuff dragging

560
00:27:52,039 --> 00:27:54,039
you in. So yeah, I think that's the way it's

561
00:27:54,039 --> 00:27:55,559
gonna go. In the next couple of years, you're gonna

562
00:27:55,559 --> 00:27:57,480
see all of a sudden the square books are become

563
00:27:57,519 --> 00:28:00,279
more square, and then the rest of them, the rest

564
00:28:00,319 --> 00:28:03,400
of the crowd is going to start going towards better value,

565
00:28:03,640 --> 00:28:06,839
and that would be with your inter exchanges, your prediction markets.

566
00:28:07,000 --> 00:28:09,440
Speaker 4: But for the average better though, the average participants.

567
00:28:09,480 --> 00:28:11,880
Speaker 7: They're not going to be put putting up authors, I

568
00:28:11,920 --> 00:28:14,559
mean offwards, they're not going to be seating markets and

569
00:28:14,599 --> 00:28:17,119
putting up upers. It's just yes and yes and no

570
00:28:17,319 --> 00:28:19,680
for them, right, I mean, they go look at it

571
00:28:19,720 --> 00:28:22,559
and say yes, yes or no on these propositions, in

572
00:28:22,599 --> 00:28:24,240
these totals, in these in these.

573
00:28:24,119 --> 00:28:26,680
Speaker 4: Sides, which makes it very easy. It just looks like

574
00:28:26,680 --> 00:28:28,480
a regular sportsman as far as I understand.

575
00:28:28,599 --> 00:28:30,680
Speaker 1: Yeah, but they're not getting all the perks that they get.

576
00:28:30,720 --> 00:28:33,200
They're not getting all these boosts and these things and

577
00:28:33,279 --> 00:28:36,000
these same game parlays and there's money bet on the thing,

578
00:28:36,079 --> 00:28:38,440
and that, you know, all these little things that draw

579
00:28:38,519 --> 00:28:42,640
in the squares or the recreational players. They're still going

580
00:28:42,720 --> 00:28:44,880
to be. That's going to be all the territory of

581
00:28:44,960 --> 00:28:47,960
fandel and Caesars and all that you know there and there,

582
00:28:48,000 --> 00:28:51,519
and that that's powerful that keeps you retained. You know, say,

583
00:28:51,559 --> 00:28:54,200
hey man, you know the one time two years ago

584
00:28:54,200 --> 00:28:56,279
when I turned the toothpick into a lobberyard on some

585
00:28:56,559 --> 00:29:00,000
six leg same game parlay that they have a memory

586
00:29:00,359 --> 00:29:03,039
for that. You know, I can't do that at Calshi,

587
00:29:03,440 --> 00:29:06,079
I can't do that, you know at Poly Yeah, I

588
00:29:06,079 --> 00:29:08,359
mean that. I just think that's I just think that's

589
00:29:08,359 --> 00:29:09,920
going to be the divide. That's the way things are

590
00:29:09,920 --> 00:29:11,440
going to go. That's the way it's going to ball.

591
00:29:11,599 --> 00:29:11,799
Speaker 4: Yeah.

592
00:29:11,839 --> 00:29:14,759
Speaker 8: And they almost don't want their their points, right, I'm

593
00:29:14,759 --> 00:29:18,559
getting my Caesar's Points or my MGM points or whatever.

594
00:29:18,759 --> 00:29:21,799
Speaker 5: Right, yep, yep, all that you know I use, Like

595
00:29:21,920 --> 00:29:24,200
Stations has a boost every day I use them, and

596
00:29:24,279 --> 00:29:26,160
most of the time they're positive bets.

597
00:29:26,680 --> 00:29:28,039
Speaker 6: You can still get a boost.

598
00:29:28,720 --> 00:29:33,000
Speaker 5: Yeah, and Stations but yeah, I get bo I haven't

599
00:29:33,000 --> 00:29:36,440
worn that out. But we cover how to use bonuses

600
00:29:36,480 --> 00:29:38,000
and you know, the best way to bet, you know,

601
00:29:38,319 --> 00:29:42,240
uh use them to your advantage and just basic things

602
00:29:42,240 --> 00:29:44,880
to help you build your bank roll. And I think

603
00:29:44,880 --> 00:29:46,960
that's very important for a lot of people because because

604
00:29:47,079 --> 00:29:49,559
a lot of people are sucked into these uh sports

605
00:29:49,559 --> 00:29:52,720
books like getting these offers for bonus bets. You know,

606
00:29:52,759 --> 00:29:54,319
they could used to call them free bets, but they're

607
00:29:54,319 --> 00:29:57,079
not really free bets. But they're also used, they are usable,

608
00:29:57,440 --> 00:29:58,519
and they can be profitable.

609
00:29:58,680 --> 00:29:59,359
Speaker 6: Another thing I.

610
00:29:59,319 --> 00:30:01,799
Speaker 5: Talk about, which I think is important is the betting

611
00:30:01,839 --> 00:30:05,799
splits that everybody seems the law. You know, every show

612
00:30:05,839 --> 00:30:08,279
you watch they're talking about the betting splits, but they're

613
00:30:08,279 --> 00:30:10,720
not really accurate because you don't know when they were

614
00:30:10,759 --> 00:30:13,319
bat who bet them. If you know, if you use

615
00:30:13,359 --> 00:30:16,759
the betting splits from books in you know, DraftKings are

616
00:30:16,799 --> 00:30:21,079
FanDuel while you're getting predominantly the money by bad betters

617
00:30:21,079 --> 00:30:22,559
because the good better has been thrown out.

618
00:30:23,160 --> 00:30:25,359
Speaker 6: So it's just and you don't know what the numbers

619
00:30:25,359 --> 00:30:27,039
are bet up. They're basically useless.

620
00:30:27,039 --> 00:30:29,960
Speaker 5: And if you think about it, are sportsport's going to

621
00:30:30,000 --> 00:30:31,359
really point you to good bets?

622
00:30:31,640 --> 00:30:31,880
Speaker 6: Yeah?

623
00:30:31,960 --> 00:30:35,480
Speaker 8: No, it just encourages people to make more bets because

624
00:30:35,519 --> 00:30:39,079
they find out that seventy percent of the money is

625
00:30:39,119 --> 00:30:41,200
on the bulls tonight or whatever.

626
00:30:42,000 --> 00:30:44,960
Speaker 6: Yeah, it's just I notice.

627
00:30:44,640 --> 00:30:49,319
Speaker 8: On ESPN they love to just throw out statistics that

628
00:30:49,480 --> 00:30:54,799
mean absolutely nothing, you know, like the last six times

629
00:30:54,839 --> 00:30:59,960
these guys played on a Friday, they you know, want

630
00:31:00,079 --> 00:31:01,920
nor lost or whatever is if.

631
00:31:01,720 --> 00:31:05,160
Speaker 5: That means anything, right, And that's what half sharp betters do.

632
00:31:05,400 --> 00:31:06,759
Speaker 6: Who are the books bread and butter?

633
00:31:07,279 --> 00:31:09,319
Speaker 5: If you think you know things but you don't really

634
00:31:09,359 --> 00:31:11,440
you're you're gonna you're gonna have a problem.

635
00:31:11,599 --> 00:31:13,319
Speaker 1: Yeah, there's there's a lot of people out there that

636
00:31:13,400 --> 00:31:16,119
know just enough. And it's the same thing in blackjack.

637
00:31:16,160 --> 00:31:18,559
I mean it goes across allthing with blackjack's a good

638
00:31:18,559 --> 00:31:20,680
example for a lot of things. But there's a lot

639
00:31:20,680 --> 00:31:24,079
of people out there they know just enough to get

640
00:31:24,079 --> 00:31:26,119
themselves in trouble to where they can bet with They

641
00:31:26,200 --> 00:31:28,799
start to bet with confidence because they think they know

642
00:31:28,960 --> 00:31:31,000
more than they do. There's a saying if you can

643
00:31:31,440 --> 00:31:33,680
if you could buy a person for what they're worth

644
00:31:33,759 --> 00:31:35,880
and sell them for what they think they're worth, you'd

645
00:31:35,880 --> 00:31:38,799
be a millionaire. And that's it goes a lot with

646
00:31:38,880 --> 00:31:44,000
gambling information and gambling knowledge. That's kind of true when

647
00:31:44,039 --> 00:31:45,240
it comes to gambling knowledge.

648
00:31:45,240 --> 00:31:47,079
Speaker 5: And then a lot of people don't really have any

649
00:31:47,119 --> 00:31:50,400
clue how variance works and how extreme it can be.

650
00:31:51,200 --> 00:31:53,319
You know, you get somebody the worst the worst thing

651
00:31:53,319 --> 00:31:55,200
that happened you start gambling is you go on a

652
00:31:55,240 --> 00:31:55,799
winning street.

653
00:31:56,559 --> 00:31:58,480
Speaker 6: Yeah, that's another treble.

654
00:31:58,640 --> 00:31:59,920
Speaker 4: Lot of people to hate it.

655
00:32:00,200 --> 00:32:02,359
Speaker 6: That's what they a lot of people fall into.

656
00:32:02,599 --> 00:32:06,279
Speaker 8: Is they even guys who think they're sharp or like

657
00:32:06,359 --> 00:32:10,519
poker players. This happens to as well, right where they

658
00:32:10,559 --> 00:32:13,359
start winning for a while and suddenly they think they

659
00:32:13,880 --> 00:32:16,720
have an edge when it's just variants.

660
00:32:17,119 --> 00:32:21,400
Speaker 1: Yeah, I'll tell you what this is something I've repeated

661
00:32:21,799 --> 00:32:23,920
a number of times over the years. But there I

662
00:32:24,039 --> 00:32:26,839
started out running good. Okay, when I when I started

663
00:32:26,880 --> 00:32:29,319
playing and I started most people know I started playing blackjack,

664
00:32:29,359 --> 00:32:32,160
I started running good, and then that was all it took,

665
00:32:32,200 --> 00:32:33,680
and then I was off the races. But there's a

666
00:32:33,720 --> 00:32:36,799
lot of really really good players, and I know because

667
00:32:37,400 --> 00:32:40,319
I've interacted with them. I go, you would be really

668
00:32:40,319 --> 00:32:42,319
good at this. And then they ran bad right out

669
00:32:42,319 --> 00:32:44,240
of the gate, and then they gave it up. They

670
00:32:44,279 --> 00:32:47,680
didn't pursue it. They would have been really good advantage players,

671
00:32:47,920 --> 00:32:50,000
really just as good as any of us who are

672
00:32:50,000 --> 00:32:52,759
doing it now. But what stopped them from doing it.

673
00:32:53,079 --> 00:32:55,279
They ran bad out of the gate, and they gave

674
00:32:55,359 --> 00:32:57,960
it up and they went somewhere else. Some of the best,

675
00:32:58,000 --> 00:32:59,960
literally some of the best gamplers I know, do not

676
00:33:00,200 --> 00:33:03,000
gamble because they started out bad. But I know for

677
00:33:03,079 --> 00:33:05,240
a fact they would have been super ed it. It

678
00:33:05,319 --> 00:33:08,960
happened to me very it happened to me. I lost

679
00:33:09,640 --> 00:33:12,279
counting cards for one hundred and sixty seven hours and

680
00:33:12,359 --> 00:33:16,160
I quit And it was only because a good friend

681
00:33:16,160 --> 00:33:19,799
of mine joined another blackjack team. They started making a

682
00:33:19,799 --> 00:33:21,720
lot of money and he came to me and he goes,

683
00:33:21,720 --> 00:33:24,240
you got to give it another shot, you know, just

684
00:33:24,319 --> 00:33:24,720
try it.

685
00:33:25,000 --> 00:33:26,359
Speaker 6: You know you ran bad.

686
00:33:27,279 --> 00:33:30,440
Speaker 8: I was like, how can you run bad for one

687
00:33:30,480 --> 00:33:33,599
hundred and sixty seven hours? But you know, anyway, it

688
00:33:33,759 --> 00:33:37,319
was because of him, you know that I gave it

689
00:33:37,359 --> 00:33:40,079
another shot and I started winning.

690
00:33:40,119 --> 00:33:42,559
Speaker 4: And with your ask a Bob Dancer about that, did

691
00:33:42,559 --> 00:33:43,240
you ever run bad?

692
00:33:43,279 --> 00:33:43,440
Speaker 1: Ever?

693
00:33:43,519 --> 00:33:44,839
Speaker 4: In your lifeblog.

694
00:33:48,000 --> 00:33:53,039
Speaker 2: Had six months royalist streaks where my worst six months

695
00:33:53,160 --> 00:33:59,119
was one hundred and eighty thousand in the soup. But yeah,

696
00:33:59,319 --> 00:34:00,920
but I've had my lucky paids.

697
00:34:01,240 --> 00:34:04,359
Speaker 7: I remember when I was entering your book million dollar Blackjack,

698
00:34:04,799 --> 00:34:07,759
he'd get down to the last one boon it hit

699
00:34:07,799 --> 00:34:09,679
a gianted roy like, oh he did it. Yeah, I

700
00:34:09,760 --> 00:34:11,559
was getting that again.

701
00:34:13,280 --> 00:34:15,679
Speaker 1: But that that is like another and this isn't even

702
00:34:15,840 --> 00:34:18,880
more difficult hurdle to get over for the beginning. Better

703
00:34:19,239 --> 00:34:23,199
is understanding variant and how it applies to the gambling

704
00:34:23,239 --> 00:34:26,039
endeavor that you're getting involved with. And it will it will,

705
00:34:26,199 --> 00:34:29,440
it will get in the way and limit you in

706
00:34:29,559 --> 00:34:33,480
so many ways, including like you'll be unwilling to get

707
00:34:33,480 --> 00:34:36,400
involved in something. You'll be unwilling to make a certain

708
00:34:36,440 --> 00:34:38,760
bet because you just don't like the variance of it.

709
00:34:38,760 --> 00:34:42,199
I could tell stories for hours about guys that they

710
00:34:42,199 --> 00:34:44,280
should have been participating in something, that he should have

711
00:34:44,280 --> 00:34:46,199
been making a bet in a certain way, and they

712
00:34:46,360 --> 00:34:48,679
backed off because they just didn't like the variants involved

713
00:34:48,679 --> 00:34:50,800
in it. They just they were just shining with no variances.

714
00:34:50,800 --> 00:34:53,159
It's not like they couldn't handle it. It's like I

715
00:34:53,199 --> 00:34:54,360
don't like to do it. And we see it in

716
00:34:54,400 --> 00:34:56,599
sports betting. A lot of guys, you know, all the

717
00:34:56,599 --> 00:34:58,719
way down to like the you see it all the time,

718
00:34:58,760 --> 00:35:01,559
guys that try to mitigate by saying like I like

719
00:35:01,639 --> 00:35:04,400
this UFC guy at minus two seventy, but I don't

720
00:35:04,480 --> 00:35:07,400
lay two seventy on anything I don't like, so parlay

721
00:35:07,440 --> 00:35:11,199
it with this other thing, and all of a sudden,

722
00:35:11,239 --> 00:35:15,280
I guess to them, the variant disappears. No, what it

723
00:35:15,280 --> 00:35:18,119
does is you're you're just you're just masking it by

724
00:35:18,400 --> 00:35:20,840
including it in some kind of parlay. But it's still there.

725
00:35:20,880 --> 00:35:24,239
You're still laying the same price. But people have a

726
00:35:24,280 --> 00:35:27,280
real difficult time handling variants, especially when it comes to

727
00:35:27,360 --> 00:35:28,559
risking a lot to win a little.

728
00:35:29,280 --> 00:35:32,320
Speaker 8: Well, the other thing that I see is it and

729
00:35:32,400 --> 00:35:37,599
I see this with sports betters, but even more so

730
00:35:37,920 --> 00:35:43,440
with slot machine players, is so many of them are

731
00:35:43,840 --> 00:35:48,360
I'm I'm ninety nine percent sure, so many of them

732
00:35:48,400 --> 00:35:53,760
are grossly over betting their bankroll, and you know, they

733
00:35:54,039 --> 00:35:57,960
just have no idea how how bad they can run,

734
00:35:59,000 --> 00:36:02,480
you know, especially when they're in the slot area where

735
00:36:02,920 --> 00:36:04,760
they're playing games with huge variants.

736
00:36:05,039 --> 00:36:07,199
Speaker 1: You're talking about advantage slot players.

737
00:36:07,519 --> 00:36:11,239
Speaker 8: Well they yeah, they're advantage slot players, but they don't

738
00:36:11,280 --> 00:36:15,199
have any concept of of you know, bank roll management.

739
00:36:15,880 --> 00:36:17,719
Speaker 1: I think there's that that's more of a case of

740
00:36:17,760 --> 00:36:21,280
them just being you know, they have a little.

741
00:36:21,119 --> 00:36:24,559
Speaker 9: Bit of a d john at them that they want

742
00:36:24,559 --> 00:36:27,159
to hit that pig, they want to hit that big jackpot,

743
00:36:27,199 --> 00:36:30,280
and you know, but there's but I see it almost

744
00:36:30,719 --> 00:36:33,719
more so in the other direction, in that they have

745
00:36:33,800 --> 00:36:37,239
the ability and the bank roll to tackle other things

746
00:36:37,679 --> 00:36:40,960
on slots where a lot of the a lot of

747
00:36:40,960 --> 00:36:43,800
the payback is wrapped up in something a rare occurrence,

748
00:36:44,039 --> 00:36:45,880
and they don't like going after it because once you

749
00:36:45,880 --> 00:36:48,679
get into advantage slots you're used to winning, or you

750
00:36:48,719 --> 00:36:52,039
can get accustomed to winning like almost every day because

751
00:36:52,079 --> 00:36:52,559
you're playing.

752
00:36:52,599 --> 00:36:54,679
Speaker 1: You're playing those quick hitters, you know, boom boom, gonna

753
00:36:54,679 --> 00:36:56,519
get in and get out and they shy away. I

754
00:36:56,519 --> 00:36:57,440
don't like to play that one.

755
00:36:57,480 --> 00:36:58,199
Speaker 4: I never went under.

756
00:36:58,320 --> 00:37:00,760
Speaker 1: Well, no, it's not that you it's not so much

757
00:37:00,760 --> 00:37:02,360
that you never win on it. It's that you don't

758
00:37:02,400 --> 00:37:05,960
like the variants associated with the positive, positive expectation of

759
00:37:05,960 --> 00:37:08,599
that one. That one is more top have. You don't

760
00:37:08,719 --> 00:37:11,079
like that one. It's not that it's not worth your time.

761
00:37:11,519 --> 00:37:14,199
It's just that you don't like the variants, and so

762
00:37:14,239 --> 00:37:16,840
you're gonna cut You're gonna chop off your your ability

763
00:37:16,920 --> 00:37:19,320
to earn. At that point, I'm not going to tackle

764
00:37:19,320 --> 00:37:21,440
that one because I don't like the variants involved it.

765
00:37:21,480 --> 00:37:23,119
And then you end up competing with all the other

766
00:37:23,159 --> 00:37:25,320
guys that are running around trying to do all the

767
00:37:25,360 --> 00:37:26,239
quick hitters. You know.

768
00:37:26,280 --> 00:37:27,960
Speaker 5: I looked at I was a poker player for years

769
00:37:27,960 --> 00:37:30,760
and see the you know, the biggest, the biggest games

770
00:37:30,800 --> 00:37:33,159
with Doyle and chip Reeze and playing in it, and

771
00:37:33,199 --> 00:37:35,079
you see these guys playing with them, and it doesn't

772
00:37:35,079 --> 00:37:37,239
mean they were the best players. It just means they've

773
00:37:37,280 --> 00:37:41,119
run well and then they end up running bad. They

774
00:37:41,119 --> 00:37:44,000
borrow they all over millions of dollars, and you know,

775
00:37:44,159 --> 00:37:46,000
it doesn't mean they're the best players in the world.

776
00:37:46,079 --> 00:37:47,159
Speaker 1: I know, some of those guys.

777
00:37:48,039 --> 00:37:52,159
Speaker 8: Yeah, well yeah, you look at after the money Maker,

778
00:37:52,480 --> 00:37:57,159
you know, the years after Moneymaker in two thousand and four, five, six, seven,

779
00:37:57,599 --> 00:37:59,320
the rock stars of.

780
00:37:59,599 --> 00:38:04,760
Speaker 6: Poker, you know, most of them are broke or intermittently broke.

781
00:38:04,920 --> 00:38:07,320
Speaker 5: Yeah, it's tough to beat poker, especially you know with

782
00:38:08,199 --> 00:38:09,960
in the old days there was so much bad stuff

783
00:38:10,000 --> 00:38:12,320
going on, but now still it's TRD and they're all

784
00:38:12,360 --> 00:38:13,400
playing above their bank.

785
00:38:13,480 --> 00:38:16,079
Speaker 1: It's amazing some of those guys that got like they

786
00:38:16,079 --> 00:38:18,239
got like sweetheart deals from the poker sites and they're

787
00:38:18,239 --> 00:38:20,639
getting staked and they still end up down there. They

788
00:38:20,719 --> 00:38:22,360
still at a bowl with money. It's amazing.

789
00:38:22,519 --> 00:38:22,719
Speaker 4: Yeah.

790
00:38:22,800 --> 00:38:24,960
Speaker 6: Yeah, yeah, it's tough to win.

791
00:38:25,159 --> 00:38:27,760
Speaker 5: I mean, if you're playing that high, you're probably if

792
00:38:27,760 --> 00:38:30,400
you're playing three and six hundred, you know, limit poker,

793
00:38:30,400 --> 00:38:32,800
you should probably be playing thirty sixty with the bankroll

794
00:38:32,880 --> 00:38:36,239
you have. So the guys that run lucky get there

795
00:38:36,400 --> 00:38:38,079
and the other guys are out in the street begging

796
00:38:38,119 --> 00:38:39,440
for money, you're begging for a stake.

797
00:38:39,920 --> 00:38:40,880
Speaker 4: Another area I want.

798
00:38:40,760 --> 00:38:44,079
Speaker 5: To get into is offshore bit offshore sports books because

799
00:38:44,119 --> 00:38:45,800
there are a lot of guys that will run into

800
00:38:45,840 --> 00:38:47,599
somebody and say, hey, you want to bet on sports.

801
00:38:47,639 --> 00:38:50,000
You know, here's a number, go to this website, here's

802
00:38:50,039 --> 00:38:52,119
your bash or whatever, and a lot of people think

803
00:38:52,119 --> 00:38:55,639
it's legal, which it absolutely isn't, and there are traps

804
00:38:55,639 --> 00:38:58,320
in there. You know, the agent, it's most likely the bookie,

805
00:38:58,679 --> 00:39:00,559
and if you don't trust the guys that you get

806
00:39:00,559 --> 00:39:02,400
in bed with, there's a good chance you could have

807
00:39:02,440 --> 00:39:03,079
some problems.

808
00:39:03,639 --> 00:39:05,639
Speaker 6: So there's a pretty big section.

809
00:39:05,400 --> 00:39:07,760
Speaker 5: On offshore and how it works, you know, how it

810
00:39:07,800 --> 00:39:10,400
came about, and how to be careful with it because

811
00:39:10,440 --> 00:39:13,159
it's another warning. It's just a lot of people have

812
00:39:13,239 --> 00:39:15,519
gotten in trouble betting with people or you know who

813
00:39:15,559 --> 00:39:17,880
were agents that they thought the book was standing good

814
00:39:17,920 --> 00:39:19,079
for it and they're not anymore.

815
00:39:19,280 --> 00:39:21,840
Speaker 6: They used to in the old days, but they don't anymore.

816
00:39:22,679 --> 00:39:25,079
Speaker 1: Yeah, it's a much more violatile area to be involved.

817
00:39:25,440 --> 00:39:28,199
Ninety five percent of my betting is offshore because of

818
00:39:28,760 --> 00:39:32,159
where I live, but it has become more difficult. You

819
00:39:32,199 --> 00:39:34,079
didn't like Blair said you got to be more selective

820
00:39:34,519 --> 00:39:36,519
in who you're doing business with, especially you know, when

821
00:39:36,559 --> 00:39:38,760
especially when it comes to credit, but also with post up.

822
00:39:38,800 --> 00:39:40,960
I mean, I'm in a jam with a couple places

823
00:39:41,039 --> 00:39:43,360
right now post up and it doesn't look good. You know,

824
00:39:43,400 --> 00:39:46,280
the prospects of getting paid does not look good. So

825
00:39:46,320 --> 00:39:48,719
you've got to be you got to be real. Uh,

826
00:39:48,800 --> 00:39:50,800
you got to stay on top of your account, you know.

827
00:39:51,800 --> 00:39:53,960
I recommend this. I wish I had include to this

828
00:39:54,039 --> 00:39:56,360
in the book too as well, but I recommend this

829
00:39:56,360 --> 00:39:59,119
to anybody. When you get involved with with any type

830
00:39:59,159 --> 00:40:01,119
of sports betting where you it's a credit thing where

831
00:40:01,519 --> 00:40:03,719
you know you're gonna owe me and we're working our work.

832
00:40:04,159 --> 00:40:07,920
Do not get so comfortable so that you you just like,

833
00:40:08,119 --> 00:40:10,599
let the let the figure ride. You know, are you're

834
00:40:10,639 --> 00:40:12,480
up three thousand and say all right, just let it ride,

835
00:40:12,480 --> 00:40:14,920
We'll carry it to next week. Do that before that

836
00:40:15,079 --> 00:40:16,440
and you have a good week. Now a sudden it's

837
00:40:16,440 --> 00:40:19,400
seven thousand, there's gonna be there's gonna come a number

838
00:40:19,760 --> 00:40:21,320
where the guy on the other end of it says,

839
00:40:21,320 --> 00:40:23,880
do is it really worth it for me to pay

840
00:40:23,920 --> 00:40:26,960
this guy versus just cutting them loose? And just you know,

841
00:40:27,039 --> 00:40:29,039
I'll just I'll just take the hit to my reputation

842
00:40:29,159 --> 00:40:32,440
or whatever however they rationalize it. There's there's a lot

843
00:40:32,480 --> 00:40:35,440
of that. And I mean, I've been stiffed more times

844
00:40:35,440 --> 00:40:38,519
than I can count these days, and and almost always

845
00:40:38,519 --> 00:40:41,840
the mistake was I did collect small amounts I thought

846
00:40:41,840 --> 00:40:44,400
it was it was it was, you know, too much

847
00:40:44,400 --> 00:40:46,239
of a hass. Don't worry about it. We'll let it

848
00:40:46,280 --> 00:40:48,880
go till next week. And I encourage everybody when you're

849
00:40:48,920 --> 00:40:51,280
starting out and you're making these arrangements that are on credit,

850
00:40:51,760 --> 00:40:54,440
just collect. Settle up every week, no matter no matter

851
00:40:54,519 --> 00:40:56,360
what it is. Kind of make it a habit, kind

852
00:40:56,360 --> 00:41:00,000
of establish it is your basic strategy for for minimum

853
00:41:00,719 --> 00:41:03,480
your the chance that you get stiff, just just settled,

854
00:41:03,519 --> 00:41:06,039
no matter how much of a pain is. Ninety dollars

855
00:41:06,119 --> 00:41:08,400
two hundred, just say, listen, this is just the way

856
00:41:08,400 --> 00:41:11,639
I do it. Settle every week, and you can trust me.

857
00:41:12,239 --> 00:41:14,480
You'll thank me later. You'll you won't know to thank

858
00:41:14,480 --> 00:41:16,400
me elier because you'll be getting paid, you won't you

859
00:41:16,440 --> 00:41:19,280
won't get that stiff. But it, trust me, it's the

860
00:41:19,480 --> 00:41:21,760
it's the best way to go, even though it's a

861
00:41:21,760 --> 00:41:22,440
little more work.

862
00:41:22,920 --> 00:41:26,639
Speaker 8: Yeah, well yeah, you're talking. You're talking about paper heads

863
00:41:26,679 --> 00:41:29,960
or credit books or whatever. But but or on the same.

864
00:41:30,880 --> 00:41:33,599
Speaker 1: Also post ups. When you start to let things run up,

865
00:41:34,119 --> 00:41:35,639
you know, all of a sudden, the post up can

866
00:41:35,679 --> 00:41:40,000
be difficult to collect from. Yeah, more difficult with the

867
00:41:40,039 --> 00:41:42,280
five figure more. It could be more difficult for you

868
00:41:42,639 --> 00:41:45,119
with the with the with the low five figure balance

869
00:41:45,280 --> 00:41:47,239
than it is for the guy that just wants twelve

870
00:41:47,320 --> 00:41:51,760
hundred dollars. That guy's getting paid. You might catch any

871
00:41:51,840 --> 00:41:54,880
of a whole laundry list of excuses why you got

872
00:41:55,000 --> 00:41:56,280
to wait while you get what you have to do

873
00:41:56,320 --> 00:41:59,280
to puy. I'm just saying, just just collect. Don't let

874
00:41:59,280 --> 00:42:00,880
any balance get out of hand. If you don't know

875
00:42:00,920 --> 00:42:02,840
exactly who you're dealing with, you to have complete trust

876
00:42:02,880 --> 00:42:03,039
in it.

877
00:42:03,519 --> 00:42:09,719
Speaker 8: We back in the you know, Internet boom days, you know,

878
00:42:09,840 --> 00:42:13,159
you never knew about these places that you're playing off shore,

879
00:42:13,840 --> 00:42:17,679
And we made it a policy to make a small

880
00:42:18,000 --> 00:42:20,440
as soon as we opened an account and gave it

881
00:42:20,480 --> 00:42:24,719
any play at all, we would make a small withdrawal

882
00:42:25,199 --> 00:42:28,599
just to see what coops and shenanigans they were going

883
00:42:28,679 --> 00:42:32,280
to make you jump through. The first time you tried

884
00:42:32,320 --> 00:42:36,960
to make withdrawal and before we put any serious money

885
00:42:36,960 --> 00:42:41,079
in there and got involved, we wanted to just make

886
00:42:41,119 --> 00:42:43,519
sure that that process had been gone through and that

887
00:42:43,599 --> 00:42:45,880
there was no trouble making withdrawal.

888
00:42:46,320 --> 00:42:46,400
Speaker 9: Ye.

889
00:42:46,719 --> 00:42:46,880
Speaker 4: Yeah.

890
00:42:47,079 --> 00:42:49,719
Speaker 1: The other side of that coin is there's a lot

891
00:42:49,719 --> 00:42:52,320
of guys I was in that group where I thought

892
00:42:52,840 --> 00:42:55,719
I mistaken that if if you didn't ask for withdrawal,

893
00:42:56,039 --> 00:42:58,480
they wouldn't notice that you're winning. You know, It's like

894
00:42:59,559 --> 00:43:02,239
you know so, but then you know that leads you

895
00:43:02,320 --> 00:43:03,760
right down the wrong path. Now you're going to run

896
00:43:03,840 --> 00:43:05,920
up a balance on I mean I ran up a

897
00:43:06,000 --> 00:43:08,840
balance on a couple of places that was that was

898
00:43:09,039 --> 00:43:12,360
ridiculous compared to what everybody else would do. And sometimes

899
00:43:12,360 --> 00:43:14,360
it turned out good and sometimes they're not so good.

900
00:43:14,400 --> 00:43:17,679
But yeah, like I say, I definitely think your your

901
00:43:17,800 --> 00:43:20,639
path was the more correct one if you want you

902
00:43:20,639 --> 00:43:23,440
want to minimize like big damage because you don't really

903
00:43:23,519 --> 00:43:25,079
ever get stiff for a small a one. You get

904
00:43:25,079 --> 00:43:27,840
stiff for a bigami. That's that's always how it ends up.

905
00:43:28,320 --> 00:43:28,800
Speaker 4: Interesting.

906
00:43:29,679 --> 00:43:30,920
Speaker 6: Do you have any more questions?

907
00:43:31,639 --> 00:43:36,320
Speaker 2: No? But along the same line within the sports betting

908
00:43:36,760 --> 00:43:42,559
is I play at Caesar's Sports Book, not because I

909
00:43:42,719 --> 00:43:45,920
use what they call reward credits when you when you gamble,

910
00:43:46,480 --> 00:43:48,880
you get reward credits, and if you use them in

911
00:43:48,920 --> 00:43:53,920
the sports book, you can basically cash them at ninety

912
00:43:53,920 --> 00:43:59,360
five percent if you're not very knowledgeable, but it's fifty

913
00:43:59,360 --> 00:44:03,920
percent if you cash them at the turn them into

914
00:44:03,960 --> 00:44:06,440
free play, or if you don't cash them at all,

915
00:44:06,519 --> 00:44:09,000
then the hosts take them away for you instead of

916
00:44:09,039 --> 00:44:14,000
giving you comps. So since I play, I get reward credits,

917
00:44:14,039 --> 00:44:16,760
and so my balance is always going up. It basically

918
00:44:16,800 --> 00:44:19,400
can't go down, and so I can't let it go

919
00:44:19,559 --> 00:44:25,800
too high, so I have a when I get to

920
00:44:25,840 --> 00:44:28,960
two thousand, I clear it out. So clearing it out

921
00:44:29,000 --> 00:44:34,960
every two thousand dollars is doesn't cause any anxiety, and

922
00:44:35,239 --> 00:44:38,320
because it's always going to go up the way I bet,

923
00:44:38,719 --> 00:44:43,000
because I'm only betting with reward credits rather than real money,

924
00:44:43,440 --> 00:44:46,000
and they give me bonuses, so like I have to win.

925
00:44:46,719 --> 00:44:47,039
Speaker 6: Yeah.

926
00:44:47,039 --> 00:44:49,199
Speaker 8: Well, I think that's a good tip for people who

927
00:44:49,239 --> 00:44:53,320
didn't know that that you can use your reward credits

928
00:44:53,360 --> 00:44:57,480
for sports bets at full value. So good that alone

929
00:44:57,559 --> 00:44:59,320
was worth the price of this episode.

930
00:45:01,719 --> 00:45:03,800
Speaker 1: Where have you heard? Okay, so you're so you're not

931
00:45:03,880 --> 00:45:06,639
letting your run up too high? You've heard of people

932
00:45:06,719 --> 00:45:09,280
with slot cards that let their comps roll up a

933
00:45:09,320 --> 00:45:11,320
bunch and their points roll up a bunch, and then

934
00:45:11,639 --> 00:45:13,960
they get cut off by the casino. So what's all

935
00:45:14,159 --> 00:45:16,960
the spin is? Is what I was talking about earlier,

936
00:45:16,960 --> 00:45:20,280
but always collecting those small amounts, you know, cash out

937
00:45:20,320 --> 00:45:23,320
your card on a regular basis, use your comps, don't

938
00:45:23,320 --> 00:45:25,320
save them for a lot of people like I used

939
00:45:25,320 --> 00:45:27,159
to do, like all these mistakes I used to do,

940
00:45:27,599 --> 00:45:29,440
we save them for a rainy day, and all of

941
00:45:29,480 --> 00:45:32,320
a sudden, the casino goes from loving you to hating you,

942
00:45:32,400 --> 00:45:35,719
and then you you get in the worst case scenario,

943
00:45:35,760 --> 00:45:38,039
you get them all wiped out. You know, I mean

944
00:45:38,079 --> 00:45:39,599
I've heard, I mean, I don't know what the biggest

945
00:45:39,599 --> 00:45:42,159
amount you've ever heard, but I've heard like millions of

946
00:45:42,199 --> 00:45:46,239
points at station getting wiped out and winded. Similar stuff

947
00:45:46,280 --> 00:45:49,480
with comps, you know, like thousands of dollars. No, you're you,

948
00:45:49,480 --> 00:45:51,960
You've you've gone from this category to that category.

949
00:45:52,079 --> 00:45:57,159
Speaker 2: Sorry, right, Yeah, well I currently have five thousand dollars

950
00:45:57,159 --> 00:46:01,679
of food comps at for queens. Cannot hear me not

951
00:46:01,840 --> 00:46:04,280
eating cubos often enough to use them all?

952
00:46:04,719 --> 00:46:06,199
Speaker 1: If we're going to Hugo cellar.

953
00:46:07,360 --> 00:46:11,760
Speaker 2: So we take relatives and out of town there regularly.

954
00:46:12,800 --> 00:46:14,559
Speaker 1: So now everybody's going to run into Four Queens and

955
00:46:14,599 --> 00:46:16,199
see what Bob's playing to rack that up.

956
00:46:17,599 --> 00:46:23,159
Speaker 2: That's the IP move ah for video poker. The Four Queens.

957
00:46:23,239 --> 00:46:27,840
Now the only playable video poker game is fifty cents

958
00:46:27,840 --> 00:46:31,320
in lower single line. They have a slot machines.

959
00:46:31,360 --> 00:46:39,280
Speaker 10: Yeah sure it is, Yeah, okay, fifty cents checks ninety

960
00:46:39,320 --> 00:46:42,760
six checks is their best video poker game. They have

961
00:46:42,800 --> 00:46:46,559
some progressives, but if you're going to build up your thing,

962
00:46:46,639 --> 00:46:50,320
he got to learn a little bit about slots. Anyway,

963
00:46:50,559 --> 00:46:52,960
I thank all of you gentlemen for coming today. It's

964
00:46:52,960 --> 00:46:58,039
been very informative, So thank you Blair, Anthony, Frank, thank

965
00:46:58,079 --> 00:47:01,559
you Richard. Go out and hit lots of royal blushes everybody.

966
00:47:02,239 --> 00:47:03,840
Speaker 4: Free audio post production

967
00:47:05,440 --> 00:47:07,519
Speaker 1: Biophonic dot com.