WEBVTT - Beating The Book: Captain Jack Andrews

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<v Speaker 1>Check it down man, Now down Man, It's the Beating

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<v Speaker 1>the Book podcast Still Ale, Amanda, Good morning to you

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<v Speaker 1>once again during this global pandemic. Hope you're doing well.

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<v Speaker 1>I hope you and your loved ones are staying safe.

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<v Speaker 1>Trying to put out different kinds of content during the pandemic.

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<v Speaker 1>Hopefully you've enjoyed some of it, if not most of it,

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<v Speaker 1>if not all of it. Uh. And one of the

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<v Speaker 1>subsets of things I've done is trying to profile some

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<v Speaker 1>of the prominent figures throughout the sports betting industry. Alan Boston,

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<v Speaker 1>Rufus Peabody, Bob Stoles, just to name a few that

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<v Speaker 1>I've had the pleasure of talking with during this time. Today. Similarly,

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<v Speaker 1>a gentleman who I have been admiring from AFAR for

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<v Speaker 1>a very long time. I think he just does everything right,

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<v Speaker 1>comes from a great place, and it's just trying to

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<v Speaker 1>make better betters out of every one who tries to

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<v Speaker 1>get the best of the number in this business and

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<v Speaker 1>tries to beat the sports betting markets. A real consumer

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<v Speaker 1>advocate for the sports betting industry in addition to being

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<v Speaker 1>a pro better himself. It's Captain Jack Andrews. Hope you

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<v Speaker 1>enjoyed this as much as I did right here on

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<v Speaker 1>the Beating the Book podcast, It's a numbers game with

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<v Speaker 1>your host, Jil Alexander untold us to believe in Adam lives.

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<v Speaker 1>It is a numbers game right here live at Visa

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<v Speaker 1>of course serious except Channel two oh for the Vegas

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<v Speaker 1>Stats and Information Network, the Sports Betting Network, Gil Alexander

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<v Speaker 1>uh football game plus Sling. However, you're taking us in

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<v Speaker 1>this morning, maybe with video at Visa dot com, the

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<v Speaker 1>Visa app. Thank you for joining us. As you know,

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<v Speaker 1>during this pandemic, I have tried to profile some of

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<v Speaker 1>the people that I'm most interested in in the sports

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<v Speaker 1>betting industry to get a sense of how they started,

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<v Speaker 1>how they became the betters and the men that they

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<v Speaker 1>are today. Rufus Peabody has been kind enough to join

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<v Speaker 1>us on the show in that vain Bob Stole, Alan

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<v Speaker 1>Boston Uh and today one of the people who I

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<v Speaker 1>probably have admired the most from Afar. I may not

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<v Speaker 1>have said that to him directly before, but it is

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<v Speaker 1>definitely the case. I just love everything that he does.

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<v Speaker 1>He's a professional better himself, but really a consumer advocate

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<v Speaker 1>for everybody in the sports book industry, just doing good

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<v Speaker 1>things all around. First time on the show and an

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<v Speaker 1>honor to have him. You know him from Twitter as

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<v Speaker 1>Captain Jack Andrews. Jack. Good morning to you man. How

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<v Speaker 1>are you, hey, Gil, It's honor and a privilege to

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<v Speaker 1>be here with you. Thank you, Thank you man. You

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<v Speaker 1>dressed for us, so we appreciate that as well. I'm

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<v Speaker 1>not as spiffy as you are this morning. I apologize

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<v Speaker 1>for that. I put on a collar shirt and took

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<v Speaker 1>a shower. It's uh, it's Tuesday, Jack. I may not

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<v Speaker 1>be wearing pants. I have no idea that's that's a

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<v Speaker 1>possibility with all these during the pandemic. Let me start

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<v Speaker 1>at the beginning where I always like to with everybody,

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<v Speaker 1>which is kind of a logical place to start. Um,

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<v Speaker 1>where are you from? What was your background? How did

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<v Speaker 1>you become so interested and so passionate about this industry? Uh?

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<v Speaker 1>You know, I was born in New Jersey. I've lived

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<v Speaker 1>here all my life. Um, so that you know, that's

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<v Speaker 1>one strike against me, I guess. But I started out

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<v Speaker 1>as a card counter and playing blackjack around or so

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<v Speaker 1>I think, is when I got into that, and I

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<v Speaker 1>was doing that for a while, just recreationally, and then

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<v Speaker 1>I got into internet casinos, and there are numerous ways

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<v Speaker 1>to beat internet casinos back in the day. And then

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<v Speaker 1>that sort of morphed into online sports books back around

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<v Speaker 1>on that time period. That's back when we had aces

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<v Speaker 1>Gold and bet on sports dot com and places like that.

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<v Speaker 1>You know, crack Man's talked about those quite a bit

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<v Speaker 1>in the past. It was all as good as it was,

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<v Speaker 1>you know, rumored to be, uh. And I did that

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<v Speaker 1>for a while, and that kind of morphed into other

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<v Speaker 1>sports books, mostly still online off shore, and I played

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<v Speaker 1>them for a while. I got involved. I was I

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<v Speaker 1>was always a big prop better back in that time,

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<v Speaker 1>and I learned the hard way that sports books don't

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<v Speaker 1>like prop betters. But I was still you know, still

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<v Speaker 1>profitable with it, and I enjoyed it a whole bunch.

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<v Speaker 1>I was still doing a lot of casino a P stuff,

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<v Speaker 1>ap advantage player uh things, and and you know, I

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<v Speaker 1>enjoyed that whole lifestyle. And at one point I decided,

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<v Speaker 1>you know, I can do this full time as my

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<v Speaker 1>you know, primary source of income. I did. And then

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<v Speaker 1>around two thousand ten, we got word that New Jersey

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<v Speaker 1>was looking to legalize sports betting. I said, oh great,

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<v Speaker 1>I will go headlong into sports betting. I will be

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<v Speaker 1>ready for this when the you know, Atlantic City is

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<v Speaker 1>gonna have sports betting. We didn't even really think about

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<v Speaker 1>online sports betting at that time. And in two thousand

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<v Speaker 1>and eleven they passed the law and it was you know,

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<v Speaker 1>full steam ahead, and then the Leaves got involved and

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<v Speaker 1>it went into court for the next seven years or so.

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<v Speaker 1>So in that time I was ready at any point

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<v Speaker 1>to you know, be at the front of the line

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<v Speaker 1>to make my first sports bet in New Jersey, and

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<v Speaker 1>it took much longer. And during that time I kind

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<v Speaker 1>of got involved with learning about the regulation process and

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<v Speaker 1>the legalization process and what's involved with the court fights.

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<v Speaker 1>And I guess I got that ten thousand hours of

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<v Speaker 1>experience in the legalization of sports betting, and that's how

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<v Speaker 1>I've become a de facto expert on it. I don't

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<v Speaker 1>like to consider myself an expert. I still have to

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<v Speaker 1>do a lot of research with it to keep up

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<v Speaker 1>with all the rules and regulations. But that's the path

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<v Speaker 1>from about to present day. Yeah, I mean, you certainly

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<v Speaker 1>are an expert in man effect. When you were when

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<v Speaker 1>you visited the south Point. I want to say about

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<v Speaker 1>a year ago. Don't hold me to that. But some

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<v Speaker 1>sometime around then and I sort of asked you, I go,

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<v Speaker 1>what do you think the subject would be that if

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<v Speaker 1>when you came on the show, that you would talk

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<v Speaker 1>about that was sort of the go to thing for you.

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<v Speaker 1>And I was a little surprised by that. I was like, Wow,

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<v Speaker 1>you really are super into that. I want to get

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<v Speaker 1>into some of the nuts and bolts of, uh, your

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<v Speaker 1>thoughts on how we've done post legalization, because I'm curious

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<v Speaker 1>from a macro standpoint, how how someone like you would

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<v Speaker 1>view it with a step back, um, if you could

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<v Speaker 1>go back even further, like when you were a kid, Jack,

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<v Speaker 1>do you remember a moment or moments. Maybe it was

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<v Speaker 1>an eight, Maybe it was someone who sort of steered

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<v Speaker 1>you towards it where you were where it was like

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<v Speaker 1>your first taste of gambling, and you're like, oh, this

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<v Speaker 1>feels it's like a fitting, you know, my hand fitting

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<v Speaker 1>in a glove. You know, I got I got two

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<v Speaker 1>points for you there. Gil. Actually, when I was young,

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<v Speaker 1>I used to hear about Atlantic City. We had my

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<v Speaker 1>family had a place at the Jersey Shore about thirty

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<v Speaker 1>miles south of Atlantic City, and all the commercials would

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<v Speaker 1>always be for Atlantic City, and I'd get the jingles

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<v Speaker 1>in my head and I never really understood what Atlantic

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<v Speaker 1>City was all about. And of course that was the

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<v Speaker 1>mid eighties, and that was like the you know, the

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<v Speaker 1>real boom boom period of Atlantic City. Anything was you know,

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<v Speaker 1>happening there in Atlantic City. And I've always had that

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<v Speaker 1>miss mystique about it. And when I turned eighteen, which

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<v Speaker 1>is still below the legal gambling age, uh, one of

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<v Speaker 1>the things my friends and I used to do is

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<v Speaker 1>we'd go down and we'd hang out in the casinos

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<v Speaker 1>in Atlantic City. Not on the casino floor, because you know,

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<v Speaker 1>we usually get busted into that. We just hanging around

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<v Speaker 1>in the casino hotels, sit in the lobby, act like

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<v Speaker 1>we're somebody sitting in the lobby of us big fancy hotel.

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<v Speaker 1>I don't know. It's things you did in the early

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<v Speaker 1>nineties and New Jersey, I don't know. But but here's

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<v Speaker 1>the second thing, and this is actually more interesting, is

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<v Speaker 1>as a kid, I was big into computers. I was

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<v Speaker 1>a bit of a computer nerd. And there used to

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<v Speaker 1>be this show on the local PBS channel called Computer

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<v Speaker 1>Chronicles and Computer chronicles was I don't know. It was

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<v Speaker 1>about a half hour show talking about uh sports betting

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<v Speaker 1>or not, started talking about computer issues in general, and

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<v Speaker 1>one of the episodes they had on this guy who

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<v Speaker 1>had written a program that could manage the betting lines

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<v Speaker 1>for Las Vegas casinos. And that person was a fairly

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<v Speaker 1>young Roxy Roxburrow. He had the reddish hair and so um.

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<v Speaker 1>Even though I had no real exposure to spending at

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<v Speaker 1>the time, I remembered that episode for some reason. And

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<v Speaker 1>it's actually to the point that, you know, I've actually

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<v Speaker 1>talked to Roxy about it and said, you know, when

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<v Speaker 1>I was eight or nine years old, I knew about you,

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<v Speaker 1>even though I didn't really know what you were doing

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<v Speaker 1>or who you were. So that was kind of an

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<v Speaker 1>early influence in some subtle way. Isn't that amazing how

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<v Speaker 1>how certain things make an impression on you and you

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<v Speaker 1>can't really explain it. Have you yet to meet Roxy

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<v Speaker 1>face to face, by the way, because you guys would

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<v Speaker 1>get along splendidly, we've never met face to face. In fact,

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<v Speaker 1>I was actually alt in Vegas the last time he

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<v Speaker 1>was on your show, and I didn't realize it was

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<v Speaker 1>gonna be on, and I if I would have known,

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<v Speaker 1>I would come down to the studio and stood there

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<v Speaker 1>by the window. But um, I we get to meet

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<v Speaker 1>face to faceure zone. Yeah, pressing on the window. Uh oh,

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<v Speaker 1>that's right. I do remember that you were saying, was

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<v Speaker 1>it was a near miss? Okay? And then, by the way,

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<v Speaker 1>on Twitter, you could be followed at cap Jack two

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<v Speaker 1>thousand for those who are listening, one of the great

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<v Speaker 1>follows in the sports betting industry. Always interesting. How did

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<v Speaker 1>you get the name? I guess it's incumbent upon me

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<v Speaker 1>to ask this, how did you go with Captain Jack Andrews?

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<v Speaker 1>Because that is not your real name. You are not

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<v Speaker 1>a captain as it were, no no military service, unfortunately.

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<v Speaker 1>So I was signing up for a website back in

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<v Speaker 1>the late nineties, member I was talking about card counting

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<v Speaker 1>and there was this website b J twenty one. It

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<v Speaker 1>still exists, and when I signed up, it was the

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<v Speaker 1>kind of the de facto um community for card counters

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<v Speaker 1>at the time, and they had a brief question there.

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<v Speaker 1>You had to pick an alias to use on the site.

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<v Speaker 1>You didn't want to use your real name, obviously, and

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<v Speaker 1>in ten seconds of thought, I thought Blackjack Jack, Captain

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<v Speaker 1>Jack at the time, I was a Billy Joel fan,

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<v Speaker 1>and you know, I ten seconds of thought came up

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<v Speaker 1>with Captain Jack. It's stuck ever since. Uh. And then,

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<v Speaker 1>of course people know me by my avatar on Twitter. Uh.

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<v Speaker 1>And that's actually I did a Google search one day

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<v Speaker 1>of Captain Jack trying to find an avatar, and of

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<v Speaker 1>course we got Captain Jack Sparrow from Pirates of the Caribbean. Uh.

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<v Speaker 1>You know, we got the Billy Joel song the Piano

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<v Speaker 1>Man album. And I scrolled and scrolled and came across

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<v Speaker 1>there's this uh, large black rapper from I think he

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<v Speaker 1>was originally from Germany, but he was popular in the Caribbean,

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<v Speaker 1>and his name was Captain Jack and he were this

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<v Speaker 1>military costume and his red hat and there were a

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<v Speaker 1>lot of publicity fixture pictures of him from the mid nineties.

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<v Speaker 1>And so I said, oh, this is perfect, you know.

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<v Speaker 1>So that's what I've always used since then, and it's

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<v Speaker 1>it's just an inside joke at this point. Yeah, people

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<v Speaker 1>watching on Visa com and the Visa app might be

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<v Speaker 1>startled to see that you do not, in fact look

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<v Speaker 1>like the the avatar photo. So you you are an

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<v Speaker 1>advantage player. You have always been one that is what

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<v Speaker 1>you strive to be in whatever it is that you bet,

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<v Speaker 1>So is it is it to follow then? Or am

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<v Speaker 1>I too? Then logically go to the next point, which

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<v Speaker 1>is during this pandemic when it's Belarusian soccer and soccer

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<v Speaker 1>and Nicaragua and table tennis and that sort of thing.

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<v Speaker 1>E sports sims on Madden that you are not betting

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<v Speaker 1>any of the above. Is there something you found a

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<v Speaker 1>bet or what's your day to day life these days? Yeah, Gail,

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<v Speaker 1>that's that's right. Uh, there's really nothing to be had

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<v Speaker 1>at this point. Uh. You know, even if I did

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<v Speaker 1>the research to look into Belarusian soccer and ping pong

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<v Speaker 1>and all that, the betting limits aren't high enough right

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<v Speaker 1>now for me, it wouldn't be worth the time to

0:11:46.880 --> 0:11:50.800
<v Speaker 1>do the research to bet, you know, two limits on

0:11:50.840 --> 0:11:54.839
<v Speaker 1>these sports. So yeah, I've just been you know, not

0:11:54.960 --> 0:11:57.400
<v Speaker 1>doing sports betting for a while. And the first week

0:11:57.480 --> 0:12:00.040
<v Speaker 1>was really hard. Uh, you know, there was a it

0:12:00.160 --> 0:12:02.240
<v Speaker 1>was a little bit of withdrawal symptoms going on here.

0:12:02.720 --> 0:12:05.240
<v Speaker 1>But since then it's you know, eased into it, and

0:12:05.559 --> 0:12:08.360
<v Speaker 1>I've kind of enjoyed not having to wake up and

0:12:08.480 --> 0:12:10.240
<v Speaker 1>you know, rush to the computer and look at the

0:12:10.280 --> 0:12:12.800
<v Speaker 1>lines every day. It's It's been a little bit of

0:12:12.800 --> 0:12:15.840
<v Speaker 1>a release me too. I chose to view it as

0:12:15.880 --> 0:12:18.800
<v Speaker 1>sort of like a good thing here. The universe sort

0:12:18.840 --> 0:12:21.160
<v Speaker 1>of helped us out in whatever way it decided it

0:12:21.200 --> 0:12:23.480
<v Speaker 1>would I I I choose to view it that way

0:12:23.520 --> 0:12:26.440
<v Speaker 1>as well. So the NFL Draft nothing either, did you

0:12:26.520 --> 0:12:30.320
<v Speaker 1>dabble there? I actually did bet the NFL Draft for

0:12:30.320 --> 0:12:34.840
<v Speaker 1>the first time in years, probably in ever. I'm usually

0:12:34.880 --> 0:12:37.719
<v Speaker 1>betting baseball at that time in late April or I'm

0:12:37.720 --> 0:12:40.960
<v Speaker 1>wrapping up my NBA season, so I've never really paid

0:12:41.040 --> 0:12:43.640
<v Speaker 1>much attention to the draft. However, this year I did.

0:12:43.679 --> 0:12:46.200
<v Speaker 1>At the end of March, I decided to just do

0:12:46.280 --> 0:12:48.360
<v Speaker 1>some line shopping. I decided to just look around, see

0:12:49.440 --> 0:12:52.440
<v Speaker 1>I knew the sharp books on props, and I kind

0:12:52.480 --> 0:12:55.439
<v Speaker 1>of played against their lines and found some weak lines.

0:12:55.600 --> 0:12:58.000
<v Speaker 1>And and actually, I'll have to admit I stepped in

0:12:58.000 --> 0:13:04.199
<v Speaker 1>a trap that you warned people about, the Clavon Chasson trap. Um.

0:13:04.240 --> 0:13:08.320
<v Speaker 1>I bet total linebackers in the first round under four

0:13:08.360 --> 0:13:11.600
<v Speaker 1>and a half. There were four pure linebackers taken, and

0:13:11.640 --> 0:13:14.200
<v Speaker 1>then Chason was taken by the Jaguars, and he is

0:13:14.280 --> 0:13:18.319
<v Speaker 1>a edge rusher in a four three defense. He's alignment

0:13:18.360 --> 0:13:21.600
<v Speaker 1>in a three or four defense. He's a linebacker. One

0:13:21.640 --> 0:13:25.320
<v Speaker 1>book rated it as win, saying, oh, he's alignement, and

0:13:25.440 --> 0:13:28.520
<v Speaker 1>one book rated it as a loss saying he's a linebacker.

0:13:29.280 --> 0:13:31.719
<v Speaker 1>And that book won't seem to change their mind. We've

0:13:31.720 --> 0:13:36.800
<v Speaker 1>gone back and forth and you know, so predictable, Jack,

0:13:37.080 --> 0:13:39.439
<v Speaker 1>so predictable. You just knew that was going to be

0:13:39.880 --> 0:13:43.160
<v Speaker 1>a road bump for somebody. I'm sorry that it happened

0:13:43.200 --> 0:13:46.080
<v Speaker 1>to you. So listen what you're doing now and for

0:13:46.240 --> 0:13:50.360
<v Speaker 1>you know cutting too today. Um, you are doing a

0:13:50.440 --> 0:13:55.439
<v Speaker 1>YouTube series and it is really about make if I

0:13:55.440 --> 0:13:57.760
<v Speaker 1>could just put one big sense on it, on one umbrella,

0:13:58.120 --> 0:14:02.480
<v Speaker 1>it is about making people better. Better's e er o

0:14:02.760 --> 0:14:07.480
<v Speaker 1>r um sports betting, education, if you will. And before

0:14:07.520 --> 0:14:09.840
<v Speaker 1>we get even before we even get into the topics

0:14:09.840 --> 0:14:11.280
<v Speaker 1>and some of the things you're doing, I just want

0:14:11.280 --> 0:14:14.400
<v Speaker 1>to I just want to commend you because over the years,

0:14:14.400 --> 0:14:17.120
<v Speaker 1>and I've done a podcast now for almost a decade

0:14:17.400 --> 0:14:19.320
<v Speaker 1>and when people last of it years now everybody has

0:14:19.320 --> 0:14:21.760
<v Speaker 1>a podcast, but back in the day, there were very few,

0:14:22.000 --> 0:14:24.520
<v Speaker 1>and when people would ask, you know, what is it

0:14:24.560 --> 0:14:27.800
<v Speaker 1>if you I'm doing a podcast like any any notes

0:14:27.840 --> 0:14:30.960
<v Speaker 1>of advice that you give and the very you know.

0:14:31.000 --> 0:14:34.280
<v Speaker 1>I would only give two bits of advice because I

0:14:34.320 --> 0:14:36.120
<v Speaker 1>was like, I listen, I don't know anything. You could

0:14:36.120 --> 0:14:38.800
<v Speaker 1>be the greatest podcaster who's ever been. But the two

0:14:38.840 --> 0:14:41.480
<v Speaker 1>things that I think I do know are, you want

0:14:41.520 --> 0:14:44.960
<v Speaker 1>to get the technology right. You want to make sure

0:14:45.000 --> 0:14:48.960
<v Speaker 1>it sounds good, um before anything, because you will lose

0:14:49.640 --> 0:14:51.720
<v Speaker 1>more than of your people right off the top of

0:14:51.760 --> 0:14:53.520
<v Speaker 1>it doesn't sound good. And the other thing is you

0:14:53.600 --> 0:14:56.320
<v Speaker 1>have to prepare to be good because if you're good,

0:14:56.560 --> 0:14:59.960
<v Speaker 1>people are going to want and expect you to put

0:15:00.000 --> 0:15:02.440
<v Speaker 1>out content on a regular basis, and it sort of

0:15:02.600 --> 0:15:05.400
<v Speaker 1>takes over your life. May I just say that what

0:15:05.480 --> 0:15:09.240
<v Speaker 1>you are doing on YouTube, sir, is I and I'm

0:15:09.280 --> 0:15:11.160
<v Speaker 1>and you may object to this, but I'm gonna make it.

0:15:11.200 --> 0:15:16.160
<v Speaker 1>I'm gonna do something with hyperbole here. Perhaps I think

0:15:16.280 --> 0:15:20.280
<v Speaker 1>it is the best innovation, at least in our little

0:15:20.320 --> 0:15:22.760
<v Speaker 1>corner of the world, that there's ever been. You are

0:15:22.800 --> 0:15:26.000
<v Speaker 1>doing a spectacular job with the technology. You have figured

0:15:26.040 --> 0:15:29.240
<v Speaker 1>out how to take phone calls. How long did that

0:15:29.280 --> 0:15:32.000
<v Speaker 1>whole process take for you? Like, how long before you

0:15:32.040 --> 0:15:37.360
<v Speaker 1>were ready to actually put something out there? Well, thank you,

0:15:37.400 --> 0:15:40.360
<v Speaker 1>Gil that is high praise from you. I really appreciate that.

0:15:41.520 --> 0:15:44.000
<v Speaker 1>I actually have had this idea for about a year

0:15:44.080 --> 0:15:47.040
<v Speaker 1>and a half, probably since late two thousand eighteen, been

0:15:47.080 --> 0:15:49.160
<v Speaker 1>working at this, been trying to find a way to

0:15:49.240 --> 0:15:52.680
<v Speaker 1>make it work. And it was really paralysis by analysis

0:15:52.720 --> 0:15:55.360
<v Speaker 1>for me because I would I'd make these videos and

0:15:55.400 --> 0:15:57.320
<v Speaker 1>I just wouldn't want to put the content out there,

0:15:57.320 --> 0:16:00.680
<v Speaker 1>and I'd nitpick little things and it just was it

0:16:00.840 --> 0:16:03.920
<v Speaker 1>wasn't up to my standard. And then the pandemic hit

0:16:03.960 --> 0:16:06.680
<v Speaker 1>and I had more time on my hands, and people

0:16:06.680 --> 0:16:09.560
<v Speaker 1>started talking about this Zoom product, right, and you started

0:16:09.600 --> 0:16:12.080
<v Speaker 1>hearing all these things about Zoom, and I said, oh,

0:16:12.160 --> 0:16:13.720
<v Speaker 1>you know, I've used Zoom a little bit. Let me

0:16:13.720 --> 0:16:15.600
<v Speaker 1>look into that. And I said, oh, look, there's the

0:16:15.600 --> 0:16:18.320
<v Speaker 1>ability to create a webinar. Uh. You know, I could

0:16:18.360 --> 0:16:21.360
<v Speaker 1>do a webinar where people could just attend live and

0:16:21.400 --> 0:16:23.960
<v Speaker 1>that would get me over my paralysis. I would just

0:16:24.000 --> 0:16:27.280
<v Speaker 1>basically go live and turn on the camera and talk

0:16:27.680 --> 0:16:29.920
<v Speaker 1>and maybe do a power point presentation on the side

0:16:29.920 --> 0:16:31.800
<v Speaker 1>of it. So that was kind of the genesis of it,

0:16:32.000 --> 0:16:34.920
<v Speaker 1>of this kind of iteration of what I'm doing, and

0:16:35.080 --> 0:16:37.720
<v Speaker 1>it worked and that kind of got me over that

0:16:37.800 --> 0:16:40.480
<v Speaker 1>stage fright in terms of the prerecorded videos as well.

0:16:40.560 --> 0:16:43.040
<v Speaker 1>So I put out one prerecorded video. I got another

0:16:43.040 --> 0:16:46.600
<v Speaker 1>one coming out later this week. And they're very time intensive,

0:16:46.920 --> 0:16:48.680
<v Speaker 1>you know. I said that the first one I did,

0:16:48.720 --> 0:16:51.800
<v Speaker 1>it took me forty hours of actual labor to create

0:16:51.840 --> 0:16:54.720
<v Speaker 1>that video, seventeen minute video. And you know that's not

0:16:54.760 --> 0:16:57.360
<v Speaker 1>sustainable if you're a professional sports better doing forty hours

0:16:57.360 --> 0:17:01.520
<v Speaker 1>of anything else is not sustainable. Yeah, And I imagine

0:17:01.560 --> 0:17:04.880
<v Speaker 1>when sports comes back, it may it may change how

0:17:04.920 --> 0:17:06.680
<v Speaker 1>often you put these out. I want to get into

0:17:06.840 --> 0:17:08.480
<v Speaker 1>I gotta take a break here, I apologize. I want

0:17:08.480 --> 0:17:11.720
<v Speaker 1>to get into some of the topics that you've covered, uh,

0:17:11.760 --> 0:17:14.600
<v Speaker 1>from something as simple as five ways you can trim

0:17:14.600 --> 0:17:16.399
<v Speaker 1>the house edge which might not be simple as others,

0:17:16.400 --> 0:17:18.919
<v Speaker 1>to modeling. Coming back with Captain Jack right here on

0:17:18.920 --> 0:17:21.919
<v Speaker 1>a numbers game of Visa v Sports petting up. Welcome

0:17:21.960 --> 0:17:26.520
<v Speaker 1>back to a Numbers game with Gil Alexander. A numbers

0:17:26.520 --> 0:17:28.640
<v Speaker 1>game here at Visa and proudly brought to you by

0:17:28.760 --> 0:17:31.520
<v Speaker 1>man escaped dot com. Man Escape dot com as the

0:17:31.520 --> 0:17:34.679
<v Speaker 1>tools for your family jewels, you can get off and

0:17:34.840 --> 0:17:37.960
<v Speaker 1>free shipping with the code Visa at man escaped dot Com.

0:17:37.960 --> 0:17:41.680
<v Speaker 1>That's off at man Escaped dot com with promo code

0:17:41.760 --> 0:17:45.240
<v Speaker 1>v S I N. It's Gill Alexander live in San Francisco.

0:17:45.600 --> 0:17:48.520
<v Speaker 1>Captain Jack Andrews kind enough to join us UH for

0:17:48.640 --> 0:17:51.600
<v Speaker 1>the hour and maybe beyond in fact from somewhere at

0:17:51.600 --> 0:17:55.440
<v Speaker 1>an undisclosed location and UH in New Jersey. Uh, Jack,

0:17:55.480 --> 0:17:57.320
<v Speaker 1>I wanna point out, and by the way, for those

0:17:57.359 --> 0:17:59.200
<v Speaker 1>who don't know, you can follow Jack on Twitter at

0:17:59.240 --> 0:18:02.760
<v Speaker 1>cap Jack two thousand, pro better consumer advocate for the

0:18:02.760 --> 0:18:05.399
<v Speaker 1>sports book industry. This is a quote, may I quote

0:18:05.440 --> 0:18:08.440
<v Speaker 1>something from this UH piece that was done about you

0:18:08.640 --> 0:18:12.600
<v Speaker 1>at us BET. I believe it was written by Eric Raskin,

0:18:13.359 --> 0:18:15.080
<v Speaker 1>and I think this is a by the way, he

0:18:15.119 --> 0:18:18.520
<v Speaker 1>did a wonderful job with this piece about you. But

0:18:18.560 --> 0:18:20.560
<v Speaker 1>here's a quote from you which I think sort of

0:18:20.640 --> 0:18:22.880
<v Speaker 1>covers it all the sort of place that you're coming

0:18:22.880 --> 0:18:25.280
<v Speaker 1>from with all this quote, we need to flatten the

0:18:25.359 --> 0:18:29.320
<v Speaker 1>curve when it comes to sports betting losses. If we

0:18:29.440 --> 0:18:32.360
<v Speaker 1>make consumers dollars last longer, we can have a more

0:18:32.400 --> 0:18:36.040
<v Speaker 1>sustainable sports betting industry, one where sports books don't have

0:18:36.080 --> 0:18:40.040
<v Speaker 1>to fear sharp money as much because liquidity won't dry up.

0:18:40.520 --> 0:18:44.320
<v Speaker 1>Unquote explain that to someone who might have landed on

0:18:44.320 --> 0:18:46.200
<v Speaker 1>this more of a novice better and it's gonna say

0:18:46.200 --> 0:18:50.480
<v Speaker 1>what does he mean by that? Well, right now, we

0:18:50.560 --> 0:18:53.639
<v Speaker 1>have a situation where sports books are just trying to

0:18:53.680 --> 0:18:57.360
<v Speaker 1>acquire customers in mass as much as they can. Marketing

0:18:57.400 --> 0:18:59.439
<v Speaker 1>spend is through the roof when with a lot of

0:18:59.440 --> 0:19:02.440
<v Speaker 1>these new s its books, and as a result, they're

0:19:02.440 --> 0:19:04.920
<v Speaker 1>getting these these sports bettors in the door that are

0:19:04.960 --> 0:19:07.359
<v Speaker 1>are fresh into sports betting or or they just have

0:19:07.400 --> 0:19:10.600
<v Speaker 1>a recreational slant to it, and they're being encouraged to

0:19:10.680 --> 0:19:14.359
<v Speaker 1>make bad bets. Uh. You know you always see on

0:19:14.400 --> 0:19:17.000
<v Speaker 1>Twitter sports book promote like, hey, this guy just hit

0:19:17.040 --> 0:19:19.280
<v Speaker 1>a nine team parlay. Well, you know what the odds

0:19:19.280 --> 0:19:22.760
<v Speaker 1>of hitting a nine team parlay or minuscule. The compound

0:19:22.800 --> 0:19:24.800
<v Speaker 1>house sets that you're playing into when you're betting a

0:19:24.880 --> 0:19:29.119
<v Speaker 1>high team parlay like that is massive. It's a bad bet.

0:19:29.400 --> 0:19:31.800
<v Speaker 1>And when you encourage people to make these bad bets,

0:19:31.880 --> 0:19:34.840
<v Speaker 1>basically what you're doing is you're accelerating their loss because

0:19:35.160 --> 0:19:37.879
<v Speaker 1>the natural progression of any better is you're going to

0:19:38.000 --> 0:19:41.000
<v Speaker 1>chase your losses. So if you make a five team

0:19:41.000 --> 0:19:42.800
<v Speaker 1>parlay and it loses, the next time, you're trying to

0:19:42.840 --> 0:19:44.920
<v Speaker 1>make a seven team parlay to make up the difference,

0:19:45.200 --> 0:19:46.840
<v Speaker 1>and then a nine team parlay, and you know, you

0:19:46.880 --> 0:19:49.200
<v Speaker 1>can see how it would go. So we're all very

0:19:49.240 --> 0:19:54.600
<v Speaker 1>familiar with these curves lately, unfortunately, and actually it has

0:19:54.680 --> 0:19:57.320
<v Speaker 1>a good analogy to sports betting because a lot of

0:19:57.320 --> 0:20:00.480
<v Speaker 1>sports betters are coming into sports betting and they're in

0:20:00.640 --> 0:20:03.040
<v Speaker 1>basically a really sharp curve. As if we had never

0:20:03.119 --> 0:20:05.520
<v Speaker 1>done any of this social distancing, we all saw what

0:20:05.600 --> 0:20:07.840
<v Speaker 1>that curve look like. Well, that's what a lot of

0:20:07.840 --> 0:20:09.520
<v Speaker 1>these sports bedders are in right now. When they come

0:20:09.520 --> 0:20:12.240
<v Speaker 1>into sports betting, they just lose their money fast, They

0:20:12.280 --> 0:20:16.359
<v Speaker 1>flash out, and they're probably done until maybe next NFL season,

0:20:16.560 --> 0:20:19.359
<v Speaker 1>or uh, maybe they're done forever. Maybe they just sour

0:20:19.440 --> 0:20:21.480
<v Speaker 1>to the whole concept of sports betting. But if we

0:20:21.520 --> 0:20:24.639
<v Speaker 1>would let them sustain their money a little longer. In

0:20:24.680 --> 0:20:27.000
<v Speaker 1>other words, you know, we all know sports betting is

0:20:27.000 --> 0:20:29.200
<v Speaker 1>not easy to win at. And I'm not saying that

0:20:29.240 --> 0:20:31.760
<v Speaker 1>I can create winners, but I am saying I can

0:20:31.800 --> 0:20:35.120
<v Speaker 1>help you lose your money slower and make it last

0:20:35.160 --> 0:20:40.360
<v Speaker 1>longer and hopefully increase your entertainment value of your sports

0:20:40.359 --> 0:20:42.960
<v Speaker 1>betting as a hobby. As a recreation as a side

0:20:43.000 --> 0:20:45.600
<v Speaker 1>hustle and make it less longer to the point where

0:20:45.640 --> 0:20:51.359
<v Speaker 1>you can replenish your sports betting bankroll organically. And the

0:20:51.359 --> 0:20:54.080
<v Speaker 1>sports books would benefit from that because there'll be more

0:20:54.119 --> 0:20:57.920
<v Speaker 1>sports bedders around, people engaged longer, people enjoying it more,

0:20:58.440 --> 0:20:59.760
<v Speaker 1>and there would be It would be better for the

0:20:59.760 --> 0:21:03.399
<v Speaker 1>sharp arps because now our action kind of hides a

0:21:03.400 --> 0:21:07.560
<v Speaker 1>little bit more inside this massive liquidity that we have

0:21:07.760 --> 0:21:11.040
<v Speaker 1>with sports betting, and will be better for the States

0:21:11.160 --> 0:21:14.639
<v Speaker 1>because they're having a more sustainable product that would have

0:21:14.760 --> 0:21:18.680
<v Speaker 1>higher liquidity, which means higher tax dollars because of increased turnover.

0:21:19.280 --> 0:21:21.640
<v Speaker 1>There might be even less problem gambling in this way

0:21:21.680 --> 0:21:26.320
<v Speaker 1>because people wouldn't feel so manic about how their results

0:21:26.359 --> 0:21:29.000
<v Speaker 1>have been in sports betting. And of course it benefits

0:21:29.040 --> 0:21:32.000
<v Speaker 1>the operators because now there's just you know, more engaged

0:21:32.040 --> 0:21:35.359
<v Speaker 1>people into their product. So you see, it's the tide

0:21:35.359 --> 0:21:38.520
<v Speaker 1>that lifts all boats. Uh, It's just the fight is

0:21:38.560 --> 0:21:41.240
<v Speaker 1>to try to get everyone to realize that and come

0:21:41.240 --> 0:21:44.840
<v Speaker 1>together and and work together to create that. And and

0:21:44.840 --> 0:21:46.680
<v Speaker 1>how tough is that, Jack? We only have sort of

0:21:46.680 --> 0:21:48.879
<v Speaker 1>like forty five seconds here for a response, But you

0:21:48.920 --> 0:21:51.960
<v Speaker 1>make the point that sports books themselves should want that

0:21:52.080 --> 0:21:57.040
<v Speaker 1>as well. Is it realistic to think that that won't

0:21:57.160 --> 0:22:01.280
<v Speaker 1>trump agreed for some of these shops? You know that, Gil,

0:22:01.359 --> 0:22:03.720
<v Speaker 1>That's the exact point. A lot of these sports books

0:22:03.760 --> 0:22:06.360
<v Speaker 1>believe there is no end to the to the square

0:22:06.359 --> 0:22:09.360
<v Speaker 1>money that is in sports betting, and they may be right.

0:22:10.119 --> 0:22:12.080
<v Speaker 1>I'd like to believe in a world where that's not

0:22:12.119 --> 0:22:15.080
<v Speaker 1>correct and where you know, they want to sustain the people.

0:22:15.160 --> 0:22:19.080
<v Speaker 1>But it's it's gonna be tough to tell. Yeah, No,

0:22:19.160 --> 0:22:21.240
<v Speaker 1>I'd like to. I'd like to believe in in that

0:22:22.040 --> 0:22:25.960
<v Speaker 1>worldview as well. On it. UM. And obviously some shops

0:22:26.040 --> 0:22:29.080
<v Speaker 1>do these you know, some shops have a totally different

0:22:29.080 --> 0:22:32.240
<v Speaker 1>business model than others. Um. You know we've we've mentioned

0:22:32.280 --> 0:22:34.240
<v Speaker 1>them on this show many times. Which are the business

0:22:34.320 --> 0:22:37.800
<v Speaker 1>models that we're probably talking about right now? No need

0:22:37.840 --> 0:22:41.080
<v Speaker 1>to sort of rehash that, um, but it's fascinating. We'll

0:22:41.080 --> 0:22:43.200
<v Speaker 1>get back into some of the content that you're putting

0:22:43.200 --> 0:22:46.119
<v Speaker 1>out on YouTube right now, uh, and get into your

0:22:46.160 --> 0:22:49.360
<v Speaker 1>thoughts about the industry itself as you step back as

0:22:49.359 --> 0:22:52.000
<v Speaker 1>someone who knows it better than almost anybody. How have

0:22:52.080 --> 0:22:54.840
<v Speaker 1>we done coming back, Captain Jack Andrews right here on

0:22:54.840 --> 0:22:58.040
<v Speaker 1>a numbers game at basis the sports betting NOWWK Welcome

0:22:58.040 --> 0:23:02.359
<v Speaker 1>back to a numbers game with you, Alexander. It is

0:23:02.359 --> 0:23:04.680
<v Speaker 1>a numbers game right here at Visa, brought to you

0:23:04.840 --> 0:23:07.639
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0:23:07.680 --> 0:23:10.520
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<v Speaker 1>from then and now? Using historical stats to determine winners

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<v Speaker 1>who was the better player in their prime? For instance

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<v Speaker 1>Aaron or Peyton, Julio or DeAndre zeke R a p

0:23:26.680 --> 0:23:29.680
<v Speaker 1>uh so many combinations. Now with Quickpicks Virtual, you could

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0:23:56.119 --> 0:23:59.680
<v Speaker 1>Skill Alexander. It is Captain Jack Andrews joining us this

0:23:59.800 --> 0:24:02.879
<v Speaker 1>more to talk about just his evolution, how he became

0:24:03.400 --> 0:24:06.160
<v Speaker 1>the guy and the better that he became. Um, Jack,

0:24:06.240 --> 0:24:09.760
<v Speaker 1>let's talk about sports betting media or content that is

0:24:09.800 --> 0:24:14.960
<v Speaker 1>available out there, whether ESPN, whether Visa, whether other outlets

0:24:15.240 --> 0:24:19.960
<v Speaker 1>who uh really are immersed in sports betting. Um, what

0:24:20.480 --> 0:24:23.600
<v Speaker 1>was the niche that you were trying to fill? In

0:24:23.680 --> 0:24:26.080
<v Speaker 1>other words, what what was out there where You're like, well,

0:24:26.119 --> 0:24:28.399
<v Speaker 1>I kind of like that, I kind of don't like that.

0:24:29.640 --> 0:24:34.879
<v Speaker 1>This is what I'm really passionate about doing. Yeah, there

0:24:35.000 --> 0:24:37.960
<v Speaker 1>was when I would search for sports betting content and

0:24:38.480 --> 0:24:40.280
<v Speaker 1>you know, I'm one of these guys that I'll eat

0:24:40.359 --> 0:24:43.440
<v Speaker 1>up anything that's out there. I'll read anything, I'll watch

0:24:43.520 --> 0:24:45.520
<v Speaker 1>anything just to see if I can find that one

0:24:45.560 --> 0:24:48.080
<v Speaker 1>little nugget of information in there that I didn't know before.

0:24:48.680 --> 0:24:53.480
<v Speaker 1>And I would search YouTube and the content was, yeah,

0:24:53.800 --> 0:24:55.240
<v Speaker 1>it was you know, there was a lot of tents

0:24:55.240 --> 0:24:57.439
<v Speaker 1>out there trying to sell you picks, and a lot

0:24:57.480 --> 0:24:59.879
<v Speaker 1>of the content wasn't wasn't evergreen, it was it was

0:25:00.040 --> 0:25:03.760
<v Speaker 1>people that we're making, uh you know, picks or or

0:25:03.800 --> 0:25:07.040
<v Speaker 1>analysis of games gone by that you know you didn't

0:25:07.040 --> 0:25:10.520
<v Speaker 1>want to watch again because it was irrelevant. Uh. And

0:25:10.560 --> 0:25:13.800
<v Speaker 1>then there was some there was some decent modeling content

0:25:14.080 --> 0:25:16.480
<v Speaker 1>or how to use this and that, but it was

0:25:16.520 --> 0:25:18.600
<v Speaker 1>all a little bit stale. It was a little bit slow,

0:25:19.240 --> 0:25:23.440
<v Speaker 1>dry monotone. Uh. You know, the cameras pointed up the

0:25:23.440 --> 0:25:25.800
<v Speaker 1>guy's nose and you see the ceiling in the background.

0:25:25.880 --> 0:25:30.000
<v Speaker 1>It's does It's not good video. So I said, I

0:25:30.080 --> 0:25:32.800
<v Speaker 1>can do better than this. Even if my content isn't

0:25:33.520 --> 0:25:36.520
<v Speaker 1>smarter than this, I can at least make it more entertaining,

0:25:36.600 --> 0:25:40.200
<v Speaker 1>more engaging for the viewer. And that's what I kind

0:25:40.200 --> 0:25:42.880
<v Speaker 1>of set out to do. And it's store an evolutionary

0:25:42.960 --> 0:25:45.320
<v Speaker 1>goal here. Uh. You know, it's not to the point

0:25:45.400 --> 0:25:48.320
<v Speaker 1>that I exactly want to have it yet, but you

0:25:48.400 --> 0:25:52.080
<v Speaker 1>know we're on that path. Uh. Let me just commend

0:25:52.119 --> 0:25:54.159
<v Speaker 1>you because again, some of the topics that I of

0:25:54.240 --> 0:25:57.120
<v Speaker 1>the videos that I have not seen yet. Five ways

0:25:57.200 --> 0:26:00.280
<v Speaker 1>you can trim the house, edge shop lines, avoid arlas

0:26:00.359 --> 0:26:03.680
<v Speaker 1>and futures, don't pay for picks, don't chase fine promos.

0:26:04.280 --> 0:26:07.040
<v Speaker 1>You did one on the five hacks to make sports

0:26:07.080 --> 0:26:10.240
<v Speaker 1>betting easier. You talked about the ones you did about modeling,

0:26:10.359 --> 0:26:13.480
<v Speaker 1>which is pretty in the weeds stuff, but I think

0:26:13.800 --> 0:26:18.080
<v Speaker 1>has a real real lure for a lot of people

0:26:18.160 --> 0:26:21.120
<v Speaker 1>who are trying to do this UH in the right

0:26:21.200 --> 0:26:23.000
<v Speaker 1>way or not in the right way. Maybe maybe that's

0:26:23.000 --> 0:26:26.160
<v Speaker 1>a loaded phrase. Maybe just from that perspective, they decided

0:26:26.240 --> 0:26:28.520
<v Speaker 1>that's how they want to approach sports betting. Maybe you

0:26:28.600 --> 0:26:30.359
<v Speaker 1>and I would argue that's the right way, but others

0:26:30.440 --> 0:26:33.160
<v Speaker 1>might might differ on that. The one that I did

0:26:33.240 --> 0:26:36.600
<v Speaker 1>get a chance to watch in its entirety UH is

0:26:36.720 --> 0:26:40.520
<v Speaker 1>the is the webcast you did via zoom with the

0:26:40.600 --> 0:26:44.679
<v Speaker 1>Rufus Peabody and Spanky, who are two very prominent bettors.

0:26:44.760 --> 0:26:48.800
<v Speaker 1>They approach betting in very different ways. Rufus comes from

0:26:48.840 --> 0:26:53.520
<v Speaker 1>an origination standpoint handicapping UH. Spanky is a market guy

0:26:54.000 --> 0:26:57.480
<v Speaker 1>who looks for inefficiencies in the market and is really

0:26:57.840 --> 0:27:00.800
<v Speaker 1>really tapped in, and that's an under Damon has a

0:27:00.920 --> 0:27:05.200
<v Speaker 1>network where he is really expert in that approach to

0:27:05.760 --> 0:27:08.440
<v Speaker 1>UH winning at sports betting in a way that mere

0:27:08.560 --> 0:27:12.440
<v Speaker 1>mortals would take years to get to. UM. But they're

0:27:12.800 --> 0:27:16.120
<v Speaker 1>fascinating guys, and I just want to say not only

0:27:16.200 --> 0:27:19.359
<v Speaker 1>were they super honest, as as they tend to be

0:27:19.560 --> 0:27:23.720
<v Speaker 1>when they're on any sort of sports betting vehicle, but

0:27:23.880 --> 0:27:26.840
<v Speaker 1>the way you did it where you took phone calls,

0:27:27.240 --> 0:27:32.080
<v Speaker 1>you took you took calls. Uh, you read some questions

0:27:32.680 --> 0:27:35.040
<v Speaker 1>and you logged it, which is not an innovative thing

0:27:35.080 --> 0:27:37.439
<v Speaker 1>because some people do it with podcasts too, But there

0:27:37.520 --> 0:27:39.840
<v Speaker 1>was something about the the platform of YouTube that when

0:27:39.840 --> 0:27:42.520
<v Speaker 1>you did it that way, I was constantly engaged with it.

0:27:42.960 --> 0:27:45.920
<v Speaker 1>But I could not commend you and those two guys

0:27:46.000 --> 0:27:48.280
<v Speaker 1>more for that ninety minutes. I know you wanted to

0:27:48.359 --> 0:27:50.160
<v Speaker 1>wrap it up at the ninety minute mark. I could

0:27:50.200 --> 0:27:54.080
<v Speaker 1>have listened for another ninety minutes. Yeah. Well, uh, there

0:27:54.160 --> 0:27:55.680
<v Speaker 1>was a bathroom break that was needed by one of

0:27:55.720 --> 0:27:58.359
<v Speaker 1>the participants and that was That was largely why that

0:27:58.800 --> 0:28:01.720
<v Speaker 1>ended at the ninety minute mark. But you know, Gil

0:28:01.760 --> 0:28:04.960
<v Speaker 1>that that was great. That was amazing to do. I'm

0:28:05.080 --> 0:28:08.719
<v Speaker 1>lucky enough to call both of those guys friends, and uh,

0:28:08.880 --> 0:28:10.879
<v Speaker 1>there's there's a real synergy when the three of us

0:28:10.920 --> 0:28:14.280
<v Speaker 1>get together and talk, and I think it was great

0:28:14.359 --> 0:28:17.320
<v Speaker 1>for people to see that. And you know, they both

0:28:17.400 --> 0:28:20.359
<v Speaker 1>did such a great job of describing their process because

0:28:20.400 --> 0:28:22.199
<v Speaker 1>they do the same thing, but they do it vastly

0:28:22.280 --> 0:28:25.119
<v Speaker 1>different and that's something that hasn't really been explored in

0:28:25.280 --> 0:28:27.560
<v Speaker 1>terms of looking into sports bettors. So it was it

0:28:27.680 --> 0:28:30.000
<v Speaker 1>was great to kind of have them together. My only

0:28:30.080 --> 0:28:32.120
<v Speaker 1>regret is that I set the bar away too high

0:28:32.160 --> 0:28:33.960
<v Speaker 1>for the next time I try to do something like that.

0:28:34.320 --> 0:28:36.680
<v Speaker 1>How do you top those two? It's gonna be tough.

0:28:36.840 --> 0:28:39.440
<v Speaker 1>You fixed, That's right, You fix yourself. Do you do

0:28:39.520 --> 0:28:42.000
<v Speaker 1>you ever have this thought when you're doing something that good?

0:28:42.440 --> 0:28:44.840
<v Speaker 1>Because I struggle with it on a daily basis. Right,

0:28:44.880 --> 0:28:46.840
<v Speaker 1>I have a platform, and I'm lucky enough to have

0:28:46.880 --> 0:28:49.600
<v Speaker 1>a platform to do a show on sports betting five

0:28:49.720 --> 0:28:54.800
<v Speaker 1>times a week. I am keenly aware of that sometimes,

0:28:54.840 --> 0:28:57.440
<v Speaker 1>and this is a truism, maybe it's goes beyond sports

0:28:57.480 --> 0:29:01.880
<v Speaker 1>betting into other areas of life. Sometimes the smarter it

0:29:02.080 --> 0:29:04.320
<v Speaker 1>is that you of the of the content that you do,

0:29:04.800 --> 0:29:09.360
<v Speaker 1>the smarter it gets sometimes windows down the audience. And

0:29:09.520 --> 0:29:11.520
<v Speaker 1>so if my goal on the show is to cast

0:29:11.640 --> 0:29:14.800
<v Speaker 1>the widest net, there are choices I have to make,

0:29:14.960 --> 0:29:17.959
<v Speaker 1>right my constitution may want to do the smartest thing

0:29:18.040 --> 0:29:21.400
<v Speaker 1>every day, but it may not cast the widest net

0:29:21.560 --> 0:29:24.200
<v Speaker 1>and may not be appreciated. Do you ever have that

0:29:24.360 --> 0:29:25.960
<v Speaker 1>in the same way, do you ever have that thought

0:29:26.040 --> 0:29:28.880
<v Speaker 1>when you're doing stuff or do you not? Like, no,

0:29:29.120 --> 0:29:34.520
<v Speaker 1>this is just me absolutely. Uh. You know, my my

0:29:34.680 --> 0:29:37.200
<v Speaker 1>webcast that has garnered the least amount of views is

0:29:37.240 --> 0:29:39.000
<v Speaker 1>one where I did the State of the States, where

0:29:39.040 --> 0:29:41.560
<v Speaker 1>I went through all the states that have legalized sports betting.

0:29:41.760 --> 0:29:45.800
<v Speaker 1>It's something I'm interested in. It's it's right in my wheelhouse, U,

0:29:46.320 --> 0:29:49.760
<v Speaker 1>but not everybody's a cup of tea. Whereas something where

0:29:49.840 --> 0:29:53.040
<v Speaker 1>I'm giving just five tips to trim the house edge

0:29:53.360 --> 0:29:56.920
<v Speaker 1>has a greater impact on a wider audience and is

0:29:57.440 --> 0:30:01.080
<v Speaker 1>more alluring. But it's also, you know, something that is

0:30:01.200 --> 0:30:04.560
<v Speaker 1>kind of not the cutting edge content that I want

0:30:04.600 --> 0:30:07.800
<v Speaker 1>to be doing. Case in point, this week, my webcast

0:30:07.880 --> 0:30:11.920
<v Speaker 1>is going to be tax and retirement strategies for gamblers.

0:30:12.400 --> 0:30:15.800
<v Speaker 1>I know that, man, I know that's not going to

0:30:15.880 --> 0:30:18.320
<v Speaker 1>be a great audience. But the thing is, I want

0:30:18.320 --> 0:30:21.000
<v Speaker 1>to put out this prerecorded video this this second in

0:30:21.120 --> 0:30:23.640
<v Speaker 1>my series of making a modeler, and I know I

0:30:23.720 --> 0:30:25.520
<v Speaker 1>need a little bit more time to focus on that

0:30:25.720 --> 0:30:27.760
<v Speaker 1>this week, So I'm kind of doing another thing that's

0:30:27.920 --> 0:30:29.920
<v Speaker 1>going to come to second nature to me. It's not

0:30:29.960 --> 0:30:31.600
<v Speaker 1>going to be as large an audience. It's still gonna

0:30:31.600 --> 0:30:33.720
<v Speaker 1>be informative. I can guarantee you it's gonna be informative.

0:30:34.160 --> 0:30:36.680
<v Speaker 1>But I needed to kind of balance things out this week,

0:30:37.040 --> 0:30:39.560
<v Speaker 1>and so I decided to do this UM, Tax and

0:30:39.640 --> 0:30:43.960
<v Speaker 1>Retirement webcast. But you know what, Jack, I will I

0:30:44.080 --> 0:30:45.680
<v Speaker 1>will listen to it. I'm gonna listen to all of

0:30:45.720 --> 0:30:48.400
<v Speaker 1>them because you have about eight total here um, one

0:30:48.440 --> 0:30:51.080
<v Speaker 1>of which is prerecorded. The others that are that are webinars.

0:30:51.480 --> 0:30:53.080
<v Speaker 1>I will listen to that topic because it has not

0:30:53.200 --> 0:30:55.560
<v Speaker 1>been covered anywhere else. And they're so evergreen and they

0:30:55.600 --> 0:30:58.280
<v Speaker 1>will live in perpetuity. Uh, and so that's what's so

0:30:58.360 --> 0:31:00.560
<v Speaker 1>great about them. We'll come back more when Captain Jack

0:31:00.640 --> 0:31:03.040
<v Speaker 1>Andrews next on a Numbers Game and Visa these sports

0:31:03.040 --> 0:31:07.720
<v Speaker 1>betting network. Welcome back to a Numbers Game with Jill Alexander.

0:31:09.080 --> 0:31:11.440
<v Speaker 1>Now is the time. I'm a Visa Plus subscriber. It

0:31:11.640 --> 0:31:13.239
<v Speaker 1>is free. You won't have to decide what you want

0:31:13.280 --> 0:31:15.560
<v Speaker 1>to do, pay or cancel until at least one of

0:31:15.640 --> 0:31:17.760
<v Speaker 1>the major sports returns. Just go to Visa dot Com

0:31:17.840 --> 0:31:20.880
<v Speaker 1>slash subscribe to sign up. That is Visa dot Com

0:31:21.080 --> 0:31:24.480
<v Speaker 1>slash subscribe to Kill Alexander and San Francisco Captain Jack

0:31:24.520 --> 0:31:28.160
<v Speaker 1>Andrews in New Jersey. So Jack, when this is past,

0:31:28.280 --> 0:31:31.600
<v Speaker 1>the pandemic has gone to the other side, sports books

0:31:31.600 --> 0:31:36.360
<v Speaker 1>are reopened, and you know, normalcy in some form, you

0:31:36.440 --> 0:31:40.760
<v Speaker 1>know approaches. What is it that you are most looking

0:31:41.000 --> 0:31:44.720
<v Speaker 1>forward to betting on? What's the sport that you believe

0:31:44.840 --> 0:31:46.720
<v Speaker 1>you have the edge in that you're like off, I

0:31:46.800 --> 0:31:50.600
<v Speaker 1>could just pick one, it would be this one. Yeah,

0:31:50.640 --> 0:31:53.280
<v Speaker 1>that's a good question. I would you know, I'd have

0:31:53.400 --> 0:31:56.320
<v Speaker 1>to say I missed baseball. Even though I had come

0:31:56.400 --> 0:32:00.440
<v Speaker 1>into the two thousand and twenty season swearing myself that

0:32:00.480 --> 0:32:02.600
<v Speaker 1>I was going to bet baseball far less this year

0:32:02.960 --> 0:32:05.800
<v Speaker 1>than in past years, I've kind of missed it at

0:32:05.840 --> 0:32:08.480
<v Speaker 1>this point. I just I just really missed the pace

0:32:08.600 --> 0:32:10.960
<v Speaker 1>of the action. Baseball is one of those sports where

0:32:10.960 --> 0:32:12.959
<v Speaker 1>you can bet just about every game, and you can

0:32:13.040 --> 0:32:15.920
<v Speaker 1>keep up with every game at the same time, and

0:32:16.160 --> 0:32:19.160
<v Speaker 1>so there's something luring about betting baseball that I miss

0:32:20.040 --> 0:32:23.280
<v Speaker 1>at least certain parts of betting baseball. Do you think

0:32:23.320 --> 0:32:27.200
<v Speaker 1>we're getting it back? I am so skeptical, man, I

0:32:27.280 --> 0:32:30.320
<v Speaker 1>don't know, Gil, It's it's almost depressing to think about.

0:32:30.920 --> 0:32:34.280
<v Speaker 1>I saw a story today that the NFL is saying

0:32:34.360 --> 0:32:36.880
<v Speaker 1>that they may start postponed by a couple of weeks

0:32:36.920 --> 0:32:40.719
<v Speaker 1>at best, so that that really puts a damper on things. Um,

0:32:41.880 --> 0:32:44.080
<v Speaker 1>it's it's almost not worth speculating at this point. But

0:32:44.160 --> 0:32:47.760
<v Speaker 1>I'm really hopeful to get something this summer. I agree.

0:32:47.880 --> 0:32:50.520
<v Speaker 1>I'm I'm out of the speculation game because you know,

0:32:50.600 --> 0:32:52.400
<v Speaker 1>I've said from the beginning, as I know you have,

0:32:52.600 --> 0:32:54.800
<v Speaker 1>you had your light in the sand that you drew.

0:32:55.080 --> 0:32:57.600
<v Speaker 1>My thing is, I'm forgetting about all these other sports

0:32:57.680 --> 0:33:00.840
<v Speaker 1>until football. I think college is delayed. I think NFL

0:33:00.960 --> 0:33:03.520
<v Speaker 1>is our shot at getting in on time. We shall

0:33:03.600 --> 0:33:06.360
<v Speaker 1>see U. One of the topics you talked about with

0:33:06.520 --> 0:33:09.160
<v Speaker 1>Rufus Spanky, which you know is close to those of

0:33:09.280 --> 0:33:13.120
<v Speaker 1>us who are in Las Vegas under normal circumstances, is

0:33:13.200 --> 0:33:16.560
<v Speaker 1>the impact that circus sports has made on the industry,

0:33:17.120 --> 0:33:20.280
<v Speaker 1>and you guys banded about I think was an interesting

0:33:20.520 --> 0:33:23.000
<v Speaker 1>take on it, which and I don't know that we

0:33:23.200 --> 0:33:26.000
<v Speaker 1>discuss it enough on Visa because perhaps we're too close

0:33:26.080 --> 0:33:28.240
<v Speaker 1>to the sun on it because those guys are our friends,

0:33:28.320 --> 0:33:31.840
<v Speaker 1>Derek Stevens, Mike Palm, Matt Metcalf and everybody who does

0:33:31.920 --> 0:33:34.640
<v Speaker 1>such a great job at Circa. They have been such

0:33:34.720 --> 0:33:38.920
<v Speaker 1>a breath of fresh air from a philosophical standpoint. There

0:33:39.080 --> 0:33:43.200
<v Speaker 1>their approach to wanting to cater to sharp betters, to

0:33:43.560 --> 0:33:47.080
<v Speaker 1>their contests, which are innovative and are being copied by others.

0:33:47.120 --> 0:33:49.040
<v Speaker 1>Not to mention, of course, that they're going to try

0:33:49.080 --> 0:33:51.880
<v Speaker 1>to build this shangri la uh new sports book at

0:33:51.920 --> 0:33:54.640
<v Speaker 1>Circle beyond what they have now at Golden Gate in

0:33:54.720 --> 0:33:57.840
<v Speaker 1>the D. But um, you know, one of the worries

0:33:58.480 --> 0:34:00.760
<v Speaker 1>which we don't usually talk out out loud, but you

0:34:00.840 --> 0:34:03.400
<v Speaker 1>guys did, which I think is a real valid one,

0:34:03.560 --> 0:34:07.840
<v Speaker 1>is can that be a sustainable business model? What say

0:34:07.880 --> 0:34:14.560
<v Speaker 1>you about that? Yeah, the circuit is great. Uh, you know,

0:34:14.920 --> 0:34:17.200
<v Speaker 1>I know they're working to try to come into New Jersey.

0:34:17.320 --> 0:34:19.560
<v Speaker 1>I told them I will stand at the bridges and

0:34:19.640 --> 0:34:21.600
<v Speaker 1>the tunnels and pay their tolls for them as they

0:34:21.719 --> 0:34:26.000
<v Speaker 1>as they come into town. Um. But yeah, you know, this,

0:34:26.239 --> 0:34:30.680
<v Speaker 1>this this low margin, high vovolume model that they want

0:34:30.719 --> 0:34:32.760
<v Speaker 1>to do, which I think we've all kind of referred

0:34:32.760 --> 0:34:35.719
<v Speaker 1>to it always as the Pinnacle model, is is going

0:34:35.760 --> 0:34:37.840
<v Speaker 1>to be tough to do in a in a world

0:34:37.920 --> 0:34:41.279
<v Speaker 1>where marketing spend is kind of ruling what people are

0:34:41.480 --> 0:34:44.880
<v Speaker 1>using to as their barometer as to a book success.

0:34:45.000 --> 0:34:47.440
<v Speaker 1>You know, we've we've seen that in New Jersey. Is

0:34:47.920 --> 0:34:49.960
<v Speaker 1>it was just a big marketing free for all and

0:34:50.160 --> 0:34:53.880
<v Speaker 1>nobody's thinking about profits. They're thinking about getting the biggest

0:34:54.280 --> 0:34:57.160
<v Speaker 1>customer base that they can. And you know, Gil, honestly,

0:34:57.200 --> 0:34:59.920
<v Speaker 1>the reason these companies want to get a big customer

0:35:00.040 --> 0:35:02.760
<v Speaker 1>base is because it makes them more attractive for mergers

0:35:02.800 --> 0:35:06.399
<v Speaker 1>and acquisitions. That's kind of scary as a sports better

0:35:06.640 --> 0:35:09.040
<v Speaker 1>is we have a lot of options here in New Jersey,

0:35:09.080 --> 0:35:10.480
<v Speaker 1>but a lot of them are actually looking at a

0:35:10.520 --> 0:35:13.200
<v Speaker 1>short game, not a long game. They're looking to build

0:35:13.280 --> 0:35:15.880
<v Speaker 1>up valuation so that they can sell themselves off to

0:35:15.960 --> 0:35:19.040
<v Speaker 1>somebody else at a premium and and take their their

0:35:19.080 --> 0:35:22.920
<v Speaker 1>golden parachute. Um. So, you know, when you see a

0:35:22.960 --> 0:35:24.800
<v Speaker 1>company that comes in like Circuit, who are they have

0:35:24.880 --> 0:35:27.480
<v Speaker 1>a long game vision. They want to make themselves as

0:35:27.560 --> 0:35:30.600
<v Speaker 1>the market maker for the US legal sports betting market.

0:35:31.400 --> 0:35:34.560
<v Speaker 1>And they're doing a fantastic job of that in Nevada.

0:35:34.920 --> 0:35:37.880
<v Speaker 1>They're going to do a great job in Colorado and

0:35:38.000 --> 0:35:40.880
<v Speaker 1>any other state they go to. Uh, It's it's actually

0:35:41.000 --> 0:35:43.640
<v Speaker 1>up to us, the Sports Better to really support things

0:35:43.719 --> 0:35:46.800
<v Speaker 1>like that because this is the sort of company we

0:35:46.920 --> 0:35:50.160
<v Speaker 1>want to help propagate and to have other companies come

0:35:50.200 --> 0:35:52.239
<v Speaker 1>in and say, oh, that's the model we need to do,

0:35:52.560 --> 0:35:54.800
<v Speaker 1>because that's going to make it all better for for everyone,

0:35:54.880 --> 0:35:57.480
<v Speaker 1>whether it be the recreational better who, like I said,

0:35:57.560 --> 0:36:00.520
<v Speaker 1>is going to lose slower, or the shark who's going

0:36:00.560 --> 0:36:04.040
<v Speaker 1>to have more outs to apply their action. Uh. And

0:36:04.200 --> 0:36:06.200
<v Speaker 1>it makes it even better for the states to encourage

0:36:06.239 --> 0:36:08.840
<v Speaker 1>action like that because it makes a more sustainable injury

0:36:09.239 --> 0:36:13.279
<v Speaker 1>industry for the their state as well. Isn't that what's

0:36:13.360 --> 0:36:17.080
<v Speaker 1>so interesting about this uh little corner of the world

0:36:17.200 --> 0:36:20.279
<v Speaker 1>we've chosen. And you know, it's one thing from the

0:36:20.360 --> 0:36:22.759
<v Speaker 1>betting side of it, if you're if you're really sharp,

0:36:22.800 --> 0:36:27.520
<v Speaker 1>better part of your you know, day to day calculus

0:36:27.880 --> 0:36:31.560
<v Speaker 1>is well, I could crush this one book, but I

0:36:31.760 --> 0:36:35.320
<v Speaker 1>want them to exist as long as possible and extract

0:36:35.440 --> 0:36:38.800
<v Speaker 1>money over time. One day it may end, but you know,

0:36:39.000 --> 0:36:41.080
<v Speaker 1>part of it, it's like a game within a game there,

0:36:41.320 --> 0:36:43.560
<v Speaker 1>and you're referring to sort of in the opposite direction

0:36:43.640 --> 0:36:45.640
<v Speaker 1>now or not opposite direction, but just in a different

0:36:45.680 --> 0:36:48.320
<v Speaker 1>way of you know, doing that with a with a

0:36:48.520 --> 0:36:51.920
<v Speaker 1>model and people in circle that we know is so

0:36:52.120 --> 0:36:55.440
<v Speaker 1>great for the business, and it is incumbent upon us

0:36:55.560 --> 0:36:57.800
<v Speaker 1>to make that last or do everything we can to

0:36:57.920 --> 0:37:00.719
<v Speaker 1>make it last as long as possible. Those kinds of

0:37:00.840 --> 0:37:03.759
<v Speaker 1>decisions are made by sharp bettors every day, and I'm

0:37:03.760 --> 0:37:08.560
<v Speaker 1>not sure the casual better is necessarily aware that that happens. Absolutely,

0:37:09.480 --> 0:37:11.440
<v Speaker 1>you know, I can think of a lot of operators

0:37:11.520 --> 0:37:13.520
<v Speaker 1>that I've taken it easy on in the past, and

0:37:13.600 --> 0:37:16.080
<v Speaker 1>other ones that I probably have gone a little too

0:37:16.120 --> 0:37:17.920
<v Speaker 1>aggressive with that I should have taken it easy with.

0:37:18.640 --> 0:37:22.359
<v Speaker 1>It's You're right, it's a cat and mouse game. It's also, uh,

0:37:22.840 --> 0:37:26.360
<v Speaker 1>there's reminded like the Nash equilibrium. You know, there's an

0:37:26.400 --> 0:37:29.280
<v Speaker 1>equilibrium when it comes to sports betting. There's an optimal

0:37:29.400 --> 0:37:33.600
<v Speaker 1>way to approach this, and sports bettors everywhere, sharper recreational

0:37:34.040 --> 0:37:36.920
<v Speaker 1>always have to be thinking about that that equilibrium, as

0:37:37.000 --> 0:37:40.840
<v Speaker 1>do the operators as well. Captain Jack andrews with us

0:37:40.840 --> 0:37:42.960
<v Speaker 1>on a numbers game at Visa and uh kind enough

0:37:43.000 --> 0:37:45.760
<v Speaker 1>to hang out with us today at Cap Jack two thousand.

0:37:45.920 --> 0:37:48.879
<v Speaker 1>You can find his YouTube channel. I'm sure you link

0:37:48.920 --> 0:37:51.520
<v Speaker 1>it out on your Twitter a lot. Is that correct? Yes,

0:37:51.800 --> 0:37:54.600
<v Speaker 1>it's linked on my profile there and Twitter. Unfortunately, YouTube

0:37:54.640 --> 0:37:57.719
<v Speaker 1>doesn't let me have like cap Jack two thousand, So

0:37:57.920 --> 0:38:00.600
<v Speaker 1>it's it's just a long string of characters. You're better

0:38:00.640 --> 0:38:03.320
<v Speaker 1>off just finding that link, So go to the Twitter

0:38:03.440 --> 0:38:06.799
<v Speaker 1>get the link. You you alluded to this on your

0:38:07.040 --> 0:38:10.719
<v Speaker 1>webcast with Spanky and with Rufous Peabody. I'm not sure

0:38:10.760 --> 0:38:14.680
<v Speaker 1>if you elaborated on it, though, Uh that you expect

0:38:14.840 --> 0:38:20.040
<v Speaker 1>more consolidation in this business. Did you mean in legalized jurisdictions?

0:38:20.080 --> 0:38:22.200
<v Speaker 1>Did you mean off shore? What did you mean by that?

0:38:24.200 --> 0:38:27.800
<v Speaker 1>Probably both, gil uh In. You know, I was actually

0:38:27.840 --> 0:38:32.080
<v Speaker 1>saying back before this pandemic that April was going to

0:38:32.160 --> 0:38:35.800
<v Speaker 1>be the start of the contraction and consolidation in New Jersey.

0:38:36.360 --> 0:38:38.920
<v Speaker 1>I think there's some some books that probably are going

0:38:39.000 --> 0:38:41.239
<v Speaker 1>to say, Okay, we got our stamp of approval in

0:38:41.320 --> 0:38:44.080
<v Speaker 1>New Jersey. That'll be good for other states. We can

0:38:44.120 --> 0:38:45.960
<v Speaker 1>pull out a New Jersey now. And you know, this

0:38:46.160 --> 0:38:48.200
<v Speaker 1>is just too competitive of the market for us. We

0:38:48.280 --> 0:38:50.800
<v Speaker 1>don't have the marketing spend that other books have. So

0:38:50.880 --> 0:38:53.000
<v Speaker 1>I thought we were going to see some consolidation. Now

0:38:53.080 --> 0:38:55.040
<v Speaker 1>with the pandemic, that may be pushed back. I think

0:38:55.080 --> 0:38:56.920
<v Speaker 1>we'll still see it. In fact, we might see it

0:38:56.920 --> 0:39:00.600
<v Speaker 1>in a more accelerated way. But all shore as well,

0:39:00.840 --> 0:39:03.120
<v Speaker 1>you know, and the pandemic kind of force that hand

0:39:03.680 --> 0:39:05.640
<v Speaker 1>is I think we're going to see some offshore books

0:39:05.680 --> 0:39:08.399
<v Speaker 1>that are going to say it's not worth us trying

0:39:08.440 --> 0:39:11.440
<v Speaker 1>to compete anymore. The nice thing about offshore books is

0:39:11.480 --> 0:39:15.280
<v Speaker 1>there's this kind of this etiquette of how consolidation happens.

0:39:15.760 --> 0:39:18.320
<v Speaker 1>For the most part, you sell yourself off to another

0:39:18.360 --> 0:39:21.440
<v Speaker 1>book and they take over the liabilities, and hopefully that

0:39:21.560 --> 0:39:23.880
<v Speaker 1>continues to be the case offshore, so that people aren't

0:39:23.880 --> 0:39:27.440
<v Speaker 1>stuck with, you know, lost balances and and hey, I'm

0:39:27.480 --> 0:39:30.239
<v Speaker 1>not saying there's any one major book or anything. I'm

0:39:30.280 --> 0:39:32.000
<v Speaker 1>not naming names that are going to go under soon.

0:39:32.040 --> 0:39:34.080
<v Speaker 1>I don't have any of that information. So I don't

0:39:34.080 --> 0:39:36.279
<v Speaker 1>want to cause any kind of panic. But I do

0:39:36.480 --> 0:39:39.800
<v Speaker 1>think that there's consolidation coming offshore as well as in

0:39:40.480 --> 0:39:42.239
<v Speaker 1>some of the legal states that have been around for

0:39:42.320 --> 0:39:45.920
<v Speaker 1>a year, such as New Jersey. So as far as

0:39:46.320 --> 0:39:50.160
<v Speaker 1>legalization and now post legalization is maybe maybe a pandemic

0:39:50.280 --> 0:39:52.200
<v Speaker 1>is the right time to take a step back and

0:39:52.280 --> 0:39:56.400
<v Speaker 1>sort of assess no one is more into the weeds

0:39:56.560 --> 0:39:59.920
<v Speaker 1>of how each and every state that has legalized sports

0:40:00.000 --> 0:40:02.000
<v Speaker 1>setting in the different ways that they have and all

0:40:02.040 --> 0:40:05.680
<v Speaker 1>the different rules that um they've decided to choose state

0:40:05.719 --> 0:40:07.600
<v Speaker 1>by state. No one is more into it than you are.

0:40:08.520 --> 0:40:13.000
<v Speaker 1>How has legalization gone then, like when we when we

0:40:13.120 --> 0:40:15.759
<v Speaker 1>take a step back, obviously some states do it better

0:40:15.800 --> 0:40:20.279
<v Speaker 1>than others. Are you you know, are you thrilled, are

0:40:20.400 --> 0:40:24.480
<v Speaker 1>you okay, satisfied? Are you disappointed? Are you terribly disappointed?

0:40:24.800 --> 0:40:28.759
<v Speaker 1>Like what's the what's the broad stroke on this? You

0:40:28.920 --> 0:40:31.640
<v Speaker 1>had Roxy on back in the beginning of March and

0:40:32.000 --> 0:40:35.600
<v Speaker 1>he said something to the effect of, it's a good

0:40:35.640 --> 0:40:37.600
<v Speaker 1>thing we let New Jersey go first because they had

0:40:37.640 --> 0:40:40.279
<v Speaker 1>taken the most time and preparation into this. They had

0:40:40.280 --> 0:40:43.040
<v Speaker 1>about seven years to prepare for this, So it's a

0:40:43.080 --> 0:40:44.600
<v Speaker 1>good thing we let them go first because they can

0:40:44.640 --> 0:40:48.400
<v Speaker 1>set the example. The downside is other states didn't follow

0:40:48.480 --> 0:40:51.279
<v Speaker 1>that example. So whereas in New Jersey we do have

0:40:51.400 --> 0:40:54.160
<v Speaker 1>a very rich competitive industry, and I think it's good

0:40:54.239 --> 0:40:58.440
<v Speaker 1>for all parties involved that there is open competition basically

0:40:58.520 --> 0:41:00.800
<v Speaker 1>in New Jersey. Uh, we haven't seen that in some

0:41:00.880 --> 0:41:04.239
<v Speaker 1>other states, and that's really disappointing because you know, if

0:41:04.280 --> 0:41:07.120
<v Speaker 1>you're a sports better, you need outs, you need competition,

0:41:07.200 --> 0:41:10.000
<v Speaker 1>you need at least a little bit of uh you know,

0:41:10.160 --> 0:41:14.160
<v Speaker 1>play to shop lines with there are guys that are

0:41:14.239 --> 0:41:16.680
<v Speaker 1>you know, existing in states where you have just one vendor,

0:41:17.000 --> 0:41:18.840
<v Speaker 1>and that's just really not fair. And even if that

0:41:19.000 --> 0:41:23.279
<v Speaker 1>vendor is the nicest, most benevolent vendor there is, there's

0:41:23.280 --> 0:41:25.680
<v Speaker 1>still only one choice for the consumer and and that's

0:41:25.760 --> 0:41:30.480
<v Speaker 1>just unfortunate. Uh. You know, we've we have in Colorado

0:41:31.120 --> 0:41:34.919
<v Speaker 1>starting in later this week. Actually they first there's gonna

0:41:34.960 --> 0:41:39.279
<v Speaker 1>be seventeen sports betting apps on day one, or at

0:41:39.320 --> 0:41:42.279
<v Speaker 1>least within the first month. That's amazing, that's great. That's

0:41:42.320 --> 0:41:46.080
<v Speaker 1>more than Nevada has. Yeah, so you know, there is hope.

0:41:46.160 --> 0:41:48.160
<v Speaker 1>So there is states like Colorado that seemed to be

0:41:48.239 --> 0:41:50.839
<v Speaker 1>getting it right. They're going to have mobile registration, They're

0:41:50.840 --> 0:41:54.719
<v Speaker 1>gonna have mobile depositing and withdrawals. Uh, it's it's going

0:41:54.800 --> 0:41:57.680
<v Speaker 1>to be a great state. And the best part about

0:41:57.760 --> 0:42:02.080
<v Speaker 1>Colorado is you have the Nevada operators that are coming

0:42:02.080 --> 0:42:04.280
<v Speaker 1>into the state and then you have the European operators

0:42:04.320 --> 0:42:06.640
<v Speaker 1>that are coming into the state. And so that's gonna

0:42:06.640 --> 0:42:09.600
<v Speaker 1>be the real battleground. We're gonna see kind of which

0:42:09.680 --> 0:42:13.720
<v Speaker 1>model works. I have a feeling the European marketing departments

0:42:13.760 --> 0:42:18.520
<v Speaker 1>will outspend the Nevada based marketing departments, which might unlevel

0:42:18.560 --> 0:42:20.800
<v Speaker 1>the playing field a little bit, but we're going to

0:42:20.880 --> 0:42:22.960
<v Speaker 1>see what the consumer decides to choose when they have

0:42:23.160 --> 0:42:25.920
<v Speaker 1>when they're given this option between the European model and

0:42:26.160 --> 0:42:30.279
<v Speaker 1>the Nevada model and real quick Jack, because we only

0:42:30.320 --> 0:42:32.680
<v Speaker 1>have a few seconds, d C among the worst. Would

0:42:32.680 --> 0:42:34.080
<v Speaker 1>you say d C is the worst of the of

0:42:34.160 --> 0:42:40.879
<v Speaker 1>the bunch. It's so bad. You know, one day, maybe

0:42:40.920 --> 0:42:42.719
<v Speaker 1>when you're back in d C, I'll come down and

0:42:42.960 --> 0:42:45.640
<v Speaker 1>we can commiserate together over what's going on in that state,

0:42:45.960 --> 0:42:49.759
<v Speaker 1>in that district so so bad. We'll get into uh

0:42:50.160 --> 0:42:53.160
<v Speaker 1>Jack's thoughts on the town industry and what he's trying

0:42:53.200 --> 0:42:56.839
<v Speaker 1>to do about it. Coming back, Jack Andrews Captain Jack

0:42:56.960 --> 0:42:59.280
<v Speaker 1>on a numbers game at Visa and the Sports Betting Network.

0:43:04.280 --> 0:43:10.239
<v Speaker 1>It's a numbers game with your host, Gil Alexander. Believe

0:43:10.320 --> 0:43:14.239
<v Speaker 1>in as our number two of a numbers game right

0:43:14.280 --> 0:43:17.640
<v Speaker 1>here at Vison Vegas. That's an Information Network series Exit

0:43:17.719 --> 0:43:19.920
<v Speaker 1>Channel two oh four, Visa dot Com, the Visa b

0:43:20.080 --> 0:43:22.879
<v Speaker 1>bost League game Plus it is Gil Alexander live from

0:43:23.200 --> 0:43:25.719
<v Speaker 1>San Francisco. Michael Lombardi still to join us A little

0:43:25.800 --> 0:43:28.319
<v Speaker 1>more though, with Captain Jack Gandrews, who has been kind

0:43:28.480 --> 0:43:31.120
<v Speaker 1>enough to hang out with us this morning. Um, this

0:43:31.320 --> 0:43:34.760
<v Speaker 1>is from thought Criminal. We get tweets thought criminal on Twitter.

0:43:34.920 --> 0:43:37.520
<v Speaker 1>Fascinating guests today. I can't wait to listen to his stuff.

0:43:37.840 --> 0:43:42.000
<v Speaker 1>Captain Jack may just be the easiest to understand and

0:43:42.200 --> 0:43:46.360
<v Speaker 1>follow of all your professional gambler guests. I love his story.

0:43:46.480 --> 0:43:49.000
<v Speaker 1>Great job, Gil, Well, thank you for that really great

0:43:49.080 --> 0:43:52.239
<v Speaker 1>job to Jack. And I should have probably lead with

0:43:52.360 --> 0:43:55.320
<v Speaker 1>something thought Criminals said there, which is, it's not just

0:43:55.520 --> 0:43:59.480
<v Speaker 1>that you've managed to get the technology right. It's not

0:43:59.760 --> 0:44:04.520
<v Speaker 1>just that you've managed Jack to do things I think innovatively,

0:44:05.000 --> 0:44:07.120
<v Speaker 1>and that you come from this great place where you

0:44:07.160 --> 0:44:10.800
<v Speaker 1>try to make better betters out of everybody. It's that

0:44:11.160 --> 0:44:14.640
<v Speaker 1>you are and I strive for this every day. You

0:44:15.239 --> 0:44:19.800
<v Speaker 1>speak and in a very linear fashion and logically and

0:44:20.360 --> 0:44:25.279
<v Speaker 1>melding really good knowledgeable gamblers with the ability to sort

0:44:25.320 --> 0:44:29.720
<v Speaker 1>of articulate and pass along information is not a huge

0:44:29.880 --> 0:44:33.759
<v Speaker 1>subset of humanity. You have done it as well as anybody, sir.

0:44:34.880 --> 0:44:36.880
<v Speaker 1>I'm a simple man, Gil, and I guess I just

0:44:37.239 --> 0:44:40.359
<v Speaker 1>think simply, I don't know, no, but you know you're

0:44:40.400 --> 0:44:42.720
<v Speaker 1>being modest but you know what I'm talking about. Like, listen,

0:44:43.480 --> 0:44:46.840
<v Speaker 1>gamblers are fascinating people. And when I say fascinating, you

0:44:46.920 --> 0:44:50.279
<v Speaker 1>know exactly what I'm talking about. They are eccentric, um,

0:44:50.800 --> 0:44:54.080
<v Speaker 1>maybe spectrumish if I may even get there in many cases,

0:44:54.640 --> 0:44:59.200
<v Speaker 1>um or just you know whatever, but the ability to

0:44:59.280 --> 0:45:03.000
<v Speaker 1>sort of be both things. Look, this is not the

0:45:03.040 --> 0:45:05.320
<v Speaker 1>easiest information to convey if you're trying to do it

0:45:05.360 --> 0:45:07.480
<v Speaker 1>in the right way, and again, you do a spectacular

0:45:07.560 --> 0:45:09.640
<v Speaker 1>job of it. So please take a bow. For God's sakes,

0:45:09.680 --> 0:45:12.839
<v Speaker 1>it's I don't have to be modest on it. Thank you, Gil.

0:45:12.920 --> 0:45:15.440
<v Speaker 1>And you know what, while we're having this little love

0:45:15.520 --> 0:45:18.880
<v Speaker 1>fest here, I leave your show is also key for

0:45:19.480 --> 0:45:23.960
<v Speaker 1>any developing sports better, aspiring sports better. You basically teach

0:45:24.120 --> 0:45:27.520
<v Speaker 1>people more than any other show on this network how

0:45:27.640 --> 0:45:30.440
<v Speaker 1>to become a better better, and I think you should

0:45:30.440 --> 0:45:34.359
<v Speaker 1>be commended as well. So right back at you, sir, Well,

0:45:34.440 --> 0:45:36.920
<v Speaker 1>for God's sakes, I didn't expect that to but thank you.

0:45:37.040 --> 0:45:40.200
<v Speaker 1>I appreciate that very much. If I asked you, Jack,

0:45:40.480 --> 0:45:43.560
<v Speaker 1>what is the biggest thing, and this is I didn't

0:45:43.560 --> 0:45:45.160
<v Speaker 1>prepare you for this question, but it's sort of a

0:45:45.239 --> 0:45:47.640
<v Speaker 1>macro question that I'm sure you've gotten and you did. Uh.

0:45:47.680 --> 0:45:49.800
<v Speaker 1>One of the webcasts you did on five ways you

0:45:49.840 --> 0:45:52.120
<v Speaker 1>can trim the house edge and I mentioned, uh, you

0:45:52.280 --> 0:45:55.600
<v Speaker 1>listen them, shop lines, avoid parlays and futures, don't pay

0:45:55.680 --> 0:45:59.600
<v Speaker 1>for picks, don't chase find promos. But what's the one

0:45:59.680 --> 0:46:02.719
<v Speaker 1>thing even when you dispense that advice, what's the one

0:46:02.800 --> 0:46:05.320
<v Speaker 1>thing where you're like, man, they keep making this mistake

0:46:05.520 --> 0:46:07.520
<v Speaker 1>over and over again, and no matter how many times

0:46:07.560 --> 0:46:13.160
<v Speaker 1>I say, it keeps happening. You know, that's a tough question, Bill,

0:46:13.239 --> 0:46:15.839
<v Speaker 1>because there are many mistakes that keep being made by

0:46:16.080 --> 0:46:20.160
<v Speaker 1>betters and the kind of the industry in general. I

0:46:20.200 --> 0:46:22.439
<v Speaker 1>would have to say that the parlays and futures people

0:46:22.520 --> 0:46:27.080
<v Speaker 1>just don't understand the math behind parlay's. It's it's compound

0:46:27.160 --> 0:46:32.000
<v Speaker 1>interest people. It is basically the same reason why you

0:46:32.080 --> 0:46:34.000
<v Speaker 1>know you want to invest in something is because the

0:46:34.080 --> 0:46:36.879
<v Speaker 1>interest compounds over time. Well, as you add an extra

0:46:37.000 --> 0:46:39.320
<v Speaker 1>leg to a parlay, and we're assuming that you do

0:46:39.440 --> 0:46:42.399
<v Speaker 1>not have an advantage when you're making these individual bets

0:46:42.440 --> 0:46:45.760
<v Speaker 1>into this parlay. As you add extra legs into a parlay,

0:46:46.200 --> 0:46:50.560
<v Speaker 1>you're compounding the vig that's involved. So you know your

0:46:50.600 --> 0:46:55.520
<v Speaker 1>standard three team parlay which pays six to one. The

0:46:55.640 --> 0:46:57.759
<v Speaker 1>true odds of that are seven to one, and that's

0:46:57.760 --> 0:47:00.239
<v Speaker 1>a twelve and a half percent house edge. So while

0:47:00.320 --> 0:47:02.560
<v Speaker 1>we all get up in arms whenever we see a

0:47:02.680 --> 0:47:06.240
<v Speaker 1>company come in and try to do minus one vague

0:47:06.719 --> 0:47:10.480
<v Speaker 1>into what should be minus one ten lines, we all

0:47:10.520 --> 0:47:12.200
<v Speaker 1>get up in arms about that. But at the same time,

0:47:12.239 --> 0:47:15.080
<v Speaker 1>we're still betting into these three team parlays that have

0:47:15.200 --> 0:47:23.279
<v Speaker 1>an oop. I think we've had have lost Jack right there, Jack,

0:47:23.320 --> 0:47:28.880
<v Speaker 1>we have you back, okay, Uh, yeah, there you go, Jaguar,

0:47:29.800 --> 0:47:32.200
<v Speaker 1>How my god, I got in, We got we got

0:47:32.280 --> 0:47:36.440
<v Speaker 1>a lot of it in about about compounding with parlay's

0:47:36.480 --> 0:47:38.880
<v Speaker 1>and I'll let you finish your thought here. Um, what

0:47:39.040 --> 0:47:42.680
<v Speaker 1>I thought you were gonna go to was just a guess.

0:47:42.760 --> 0:47:44.240
<v Speaker 1>I thought you were going to go to the chase

0:47:44.239 --> 0:47:49.879
<v Speaker 1>because it involves human human instincts. It's it's uh, it's

0:47:49.920 --> 0:47:53.160
<v Speaker 1>Gill Alexander, it's Captain Jack Andrews. It is a numbers

0:47:53.200 --> 0:47:55.760
<v Speaker 1>game right here at Visa these sports betting network. Please

0:47:55.760 --> 0:47:57.840
<v Speaker 1>continually thought about the parlay though you were most of

0:47:57.880 --> 0:48:01.880
<v Speaker 1>the way through that, I believe. Yeah, so you know,

0:48:01.920 --> 0:48:03.560
<v Speaker 1>I'm not sure where I dropped off there. I sorry.

0:48:03.560 --> 0:48:07.160
<v Speaker 1>I got multiple kids at home that are doing home schooling,

0:48:07.280 --> 0:48:09.800
<v Speaker 1>so sometimes the internet gets a little laggy during the

0:48:09.880 --> 0:48:14.160
<v Speaker 1>school day. But the point being is you compound the

0:48:14.200 --> 0:48:17.759
<v Speaker 1>interest when it comes to betting parlays, and basically it's

0:48:17.760 --> 0:48:20.840
<v Speaker 1>almost double the things you complain about. So you complain

0:48:20.880 --> 0:48:23.080
<v Speaker 1>about minus one fifteen lines when it should be minus

0:48:23.160 --> 0:48:25.560
<v Speaker 1>one ten. But at the same time, you're betting a

0:48:25.640 --> 0:48:28.000
<v Speaker 1>three team parlay a plus six hundred when it should

0:48:28.000 --> 0:48:31.240
<v Speaker 1>be plus seven hundred, and that's a double digit vague

0:48:31.320 --> 0:48:33.320
<v Speaker 1>that you're betting into at that point. But you know what,

0:48:33.680 --> 0:48:38.360
<v Speaker 1>your point about chasing bets is something that's highly applicable

0:48:38.440 --> 0:48:41.120
<v Speaker 1>to any better, even sharp better is run into that

0:48:41.200 --> 0:48:44.200
<v Speaker 1>sometimes as well. Well I'll tell you why that leaps

0:48:44.239 --> 0:48:46.680
<v Speaker 1>to mind for me because and again I think this

0:48:46.880 --> 0:48:50.439
<v Speaker 1>is such a great point that needs to be made,

0:48:51.320 --> 0:48:53.600
<v Speaker 1>can't be made enough, which is there are many ways

0:48:53.640 --> 0:48:56.279
<v Speaker 1>to skin the cat in being a professional sports better.

0:48:56.680 --> 0:48:59.279
<v Speaker 1>It is very difficult to skin the cat no matter

0:48:59.320 --> 0:49:01.800
<v Speaker 1>how you choose it. So we just talked about Rufus

0:49:01.840 --> 0:49:05.440
<v Speaker 1>being an originator Spanky who is all about the market

0:49:05.920 --> 0:49:09.520
<v Speaker 1>and having just a network of outs. Then there's my

0:49:09.600 --> 0:49:11.879
<v Speaker 1>buddy E who I refer to on this show all

0:49:11.920 --> 0:49:15.040
<v Speaker 1>the time. Uh. He is one of the two or

0:49:15.120 --> 0:49:18.560
<v Speaker 1>three most successful sports betters I know. He is neither

0:49:18.640 --> 0:49:23.080
<v Speaker 1>an originator nor a guy that looks for the best

0:49:23.280 --> 0:49:26.680
<v Speaker 1>price on a constant basis, even though of course he

0:49:26.880 --> 0:49:31.040
<v Speaker 1>like everybody, strives for that. He is about UM doing

0:49:31.160 --> 0:49:35.120
<v Speaker 1>things his own way. He watches a tremendous amount of sports.

0:49:35.640 --> 0:49:40.040
<v Speaker 1>He has found different angles in sports betting to exploit.

0:49:40.200 --> 0:49:43.600
<v Speaker 1>I'll leave it at that, and just is successful in

0:49:43.760 --> 0:49:48.640
<v Speaker 1>his own way. But he will admit that as successful

0:49:48.719 --> 0:49:53.800
<v Speaker 1>as he is, he cannot overcome the occasional chase. And

0:49:53.960 --> 0:49:59.719
<v Speaker 1>so listen, no matter the successful better, negative variants will happen, Um,

0:50:00.040 --> 0:50:02.319
<v Speaker 1>people will go on losing streaks and the ability We've

0:50:02.360 --> 0:50:04.800
<v Speaker 1>talked about this many times before, the ability to stomach

0:50:04.880 --> 0:50:08.279
<v Speaker 1>that and to overcome that and recognize just like, uh,

0:50:08.320 --> 0:50:10.440
<v Speaker 1>if you go back to the M. I. T. Blackjack story,

0:50:10.800 --> 0:50:13.319
<v Speaker 1>just like they would have bad stretches and realize, Nope,

0:50:13.680 --> 0:50:16.759
<v Speaker 1>what we're doing gives us the statistical advantage, gives us

0:50:16.840 --> 0:50:19.520
<v Speaker 1>the house edge, or at least transfers the house edge

0:50:19.840 --> 0:50:23.640
<v Speaker 1>to us when we're counting cards and exploiting it the

0:50:23.680 --> 0:50:27.760
<v Speaker 1>way we are a successful sports better realizes or should

0:50:27.800 --> 0:50:30.640
<v Speaker 1>realize that those those stretches are going to happen. But

0:50:30.760 --> 0:50:32.880
<v Speaker 1>even he says, you know, as much as he can

0:50:33.040 --> 0:50:36.440
<v Speaker 1>rationalize it in his brain, our human brains are just

0:50:36.560 --> 0:50:38.239
<v Speaker 1>the way we're wired. It's like, even though we know

0:50:38.400 --> 0:50:41.560
<v Speaker 1>that rationally, we still can't help ourselves, even the most

0:50:41.560 --> 0:50:44.560
<v Speaker 1>successful ones can't. So for me, that's always the answer.

0:50:44.640 --> 0:50:49.320
<v Speaker 1>But I'm always I'm curious because that that, to me

0:50:49.480 --> 0:50:53.680
<v Speaker 1>speaks to a human instinct, like it's so deep in

0:50:53.800 --> 0:50:57.480
<v Speaker 1>our wiring that we can't control that in a way

0:50:57.520 --> 0:50:59.839
<v Speaker 1>that maybe some of the others we have a better

0:51:00.000 --> 0:51:03.880
<v Speaker 1>out of controlling. But maybe I'm wrong. Now I totally

0:51:03.920 --> 0:51:06.360
<v Speaker 1>agree with that, Gil, And you know I've seen that

0:51:06.520 --> 0:51:09.279
<v Speaker 1>from questions I get during these webcasts. A lot of

0:51:09.320 --> 0:51:10.960
<v Speaker 1>people are like, you know, how do I handle it?

0:51:11.000 --> 0:51:12.800
<v Speaker 1>If I lose five games in a row? Do I

0:51:12.920 --> 0:51:14.800
<v Speaker 1>bet more on the sixth game? You get all of it,

0:51:15.200 --> 0:51:18.239
<v Speaker 1>So it's it's definitely learning how to win is paramount,

0:51:18.280 --> 0:51:21.160
<v Speaker 1>but learning how to lose is just as important for

0:51:21.200 --> 0:51:24.440
<v Speaker 1>a lot of betters. Alright. So we mentioned in one

0:51:24.480 --> 0:51:26.640
<v Speaker 1>of those UH five ways you can turn the house

0:51:26.760 --> 0:51:31.200
<v Speaker 1>edge and your specific UH YouTube series webcast about that topic,

0:51:32.040 --> 0:51:35.839
<v Speaker 1>don't pay for picks, And that's something that uh, you know, look,

0:51:35.920 --> 0:51:42.000
<v Speaker 1>this industry has been rightfully um you know, criticized for

0:51:42.280 --> 0:51:45.280
<v Speaker 1>and you know that the town industry has been largely,

0:51:45.880 --> 0:51:50.439
<v Speaker 1>with some exception, right, with a few exceptions, um has

0:51:50.560 --> 0:51:55.000
<v Speaker 1>largely been a seedy side of this industry. You are actually,

0:51:55.160 --> 0:51:58.200
<v Speaker 1>along with Rufus, Peabody, your buddy and my buddy, uh,

0:51:58.480 --> 0:52:01.160
<v Speaker 1>you are doing something about it, or at least have

0:52:01.280 --> 0:52:06.759
<v Speaker 1>plans to do something about right. So we realized that

0:52:07.200 --> 0:52:09.479
<v Speaker 1>Rufus and I realized together that we had a common

0:52:09.600 --> 0:52:12.640
<v Speaker 1>vision when it came to the future of the sports

0:52:12.680 --> 0:52:15.400
<v Speaker 1>betting industry, and we said, the consumer needs a voice.

0:52:16.000 --> 0:52:19.680
<v Speaker 1>So when we see sports being legalized in all of

0:52:19.719 --> 0:52:23.440
<v Speaker 1>these states, there's there's always these uh, legislative hearings, right,

0:52:23.560 --> 0:52:25.799
<v Speaker 1>and they hear from the operators, and they hear from

0:52:26.120 --> 0:52:29.480
<v Speaker 1>the anti gambling people, and they hear from uh, you know,

0:52:30.000 --> 0:52:32.360
<v Speaker 1>the sports leagues, but they never hear from the consumer.

0:52:32.920 --> 0:52:34.960
<v Speaker 1>And the consumer needs a voice in all of this. So,

0:52:35.840 --> 0:52:39.239
<v Speaker 1>you know, Rufus has had some dealings that we've we've

0:52:39.280 --> 0:52:41.960
<v Speaker 1>all heard about with you know, a contest where he

0:52:42.080 --> 0:52:44.200
<v Speaker 1>kind of got the short end of the stick, and

0:52:45.000 --> 0:52:47.160
<v Speaker 1>you know that motivated him to want to put together

0:52:47.680 --> 0:52:52.080
<v Speaker 1>a organization. So back in November or so, we decided

0:52:52.120 --> 0:52:56.560
<v Speaker 1>we'd register the domain name of American Betters Coalition dot org.

0:52:57.280 --> 0:53:02.560
<v Speaker 1>We're on Twitter at American Better and basically we want

0:53:02.600 --> 0:53:07.000
<v Speaker 1>to be this consumer organization to represent the consumer as

0:53:07.040 --> 0:53:10.759
<v Speaker 1>well as train the consumer, educate the consumer when it

0:53:10.800 --> 0:53:13.959
<v Speaker 1>comes to not only things like buying picks, but also

0:53:14.880 --> 0:53:19.040
<v Speaker 1>when your state is thinking of legalizing sports betting. We'll

0:53:19.120 --> 0:53:21.080
<v Speaker 1>read through the regulations and we'll let you know what

0:53:21.120 --> 0:53:23.440
<v Speaker 1>the regulations say because a lot of these regulations some

0:53:23.520 --> 0:53:26.440
<v Speaker 1>of the states are coming up with they're not the

0:53:26.520 --> 0:53:29.480
<v Speaker 1>best gill. I mean, they have some some weird angles

0:53:29.560 --> 0:53:32.319
<v Speaker 1>to them. You know, the example being Tennessee where they

0:53:32.480 --> 0:53:35.960
<v Speaker 1>mandated a a whole percentage for the for the sports

0:53:36.000 --> 0:53:39.080
<v Speaker 1>betting industry, meaning the sports betting industry had to reach

0:53:39.320 --> 0:53:44.000
<v Speaker 1>a mandatory hold that it was inorganic, it was not

0:53:44.160 --> 0:53:47.800
<v Speaker 1>what would basically come about from regular sports betting. So

0:53:47.960 --> 0:53:50.239
<v Speaker 1>we go through all these things, and you know, we're

0:53:50.239 --> 0:53:53.560
<v Speaker 1>still a work in progress. This pandemic has unfortunately kind

0:53:53.560 --> 0:53:56.800
<v Speaker 1>of slowed the progress. We We have plans to be

0:53:56.880 --> 0:54:01.160
<v Speaker 1>a nonprofit organization. We plan to you know, represent the

0:54:01.200 --> 0:54:05.520
<v Speaker 1>consumer in in everything in sports betting. Unfortunately, we've had

0:54:05.600 --> 0:54:07.440
<v Speaker 1>to take our foot off the gas pedal right now,

0:54:07.920 --> 0:54:10.759
<v Speaker 1>but I think we're gonna have some information out in

0:54:10.840 --> 0:54:13.879
<v Speaker 1>the coming weeks here to let consumers note we're still here.

0:54:14.160 --> 0:54:16.400
<v Speaker 1>We still plan to do this. It's just the timetable

0:54:16.440 --> 0:54:20.400
<v Speaker 1>has unfortunately stretched out a lot. Further understood by the

0:54:20.440 --> 0:54:21.880
<v Speaker 1>way I may step in it right here. And I

0:54:21.920 --> 0:54:23.520
<v Speaker 1>failed to ask this if Rufus when he was on

0:54:24.200 --> 0:54:28.640
<v Speaker 1>at did that Draft King's Sports betting Championship thing ever

0:54:28.719 --> 0:54:30.480
<v Speaker 1>get resolved for him or were not allowed to talk

0:54:30.520 --> 0:54:34.760
<v Speaker 1>about that. I don't believe it has been resolved. Okay,

0:54:35.480 --> 0:54:39.200
<v Speaker 1>Well said jack Well said, alright, so baseball you missed

0:54:39.239 --> 0:54:42.680
<v Speaker 1>the most. Aren't you a basketball? Don't you? Isn't basketball

0:54:42.760 --> 0:54:44.680
<v Speaker 1>above the rest of it for you though? Aren't you

0:54:44.840 --> 0:54:48.640
<v Speaker 1>that primarily? Yeah? NBA is where I've had probably had

0:54:48.680 --> 0:54:52.560
<v Speaker 1>my best success over the past six seven, eight years. Uh.

0:54:52.800 --> 0:54:54.600
<v Speaker 1>You know, the funny thing is is I got started

0:54:54.600 --> 0:54:58.560
<v Speaker 1>with NBA betting on props back way back when, and

0:54:58.680 --> 0:55:00.600
<v Speaker 1>I found one day I found us words book off

0:55:00.640 --> 0:55:05.000
<v Speaker 1>shore that was offering um props on fast baked fast

0:55:05.200 --> 0:55:07.960
<v Speaker 1>break points and points in the paint, which is a

0:55:08.040 --> 0:55:10.239
<v Speaker 1>kind of a you know, an obscure stat but you

0:55:10.280 --> 0:55:12.080
<v Speaker 1>can see it in the box score. So I built

0:55:12.080 --> 0:55:14.960
<v Speaker 1>a quick model about fast break points and points in

0:55:15.000 --> 0:55:18.960
<v Speaker 1>the paint because they seem to be very um, you know,

0:55:19.280 --> 0:55:22.239
<v Speaker 1>you can model those because not all teams run a

0:55:22.520 --> 0:55:25.160
<v Speaker 1>high temple offense. Not all teams have a big man

0:55:25.320 --> 0:55:27.560
<v Speaker 1>down low that gets a lot of points in the paint,

0:55:28.160 --> 0:55:30.640
<v Speaker 1>and I don't. I did fantastically well at that, and

0:55:30.680 --> 0:55:33.279
<v Speaker 1>that kind of launched into my NBA betting and so

0:55:34.480 --> 0:55:37.640
<v Speaker 1>I've yeah, I've focused on NBA totals for the past

0:55:38.000 --> 0:55:41.399
<v Speaker 1>uh you know, seven or eight years. It's gone very

0:55:41.440 --> 0:55:43.960
<v Speaker 1>well for me. I think I have some metrics and

0:55:44.760 --> 0:55:48.640
<v Speaker 1>angles variables that aren't being taken into account with the

0:55:48.840 --> 0:55:51.520
<v Speaker 1>standard betting line. And as a result, I you know,

0:55:51.760 --> 0:55:54.200
<v Speaker 1>I've been able to maintain my edge. The market hasn't

0:55:54.239 --> 0:55:57.040
<v Speaker 1>been too efficient on me yet. So yeah, I definitely

0:55:57.080 --> 0:55:59.960
<v Speaker 1>missed the NBA being here. But you know, we were

0:56:00.040 --> 0:56:03.440
<v Speaker 1>for farther enough into the season March eleventh that I

0:56:03.520 --> 0:56:05.120
<v Speaker 1>was sort of getting to the point I was like, Okay,

0:56:05.160 --> 0:56:07.279
<v Speaker 1>I'm getting ready for this season to end. To move

0:56:07.320 --> 0:56:09.760
<v Speaker 1>on to the next thing. So I'm not quite missing

0:56:09.920 --> 0:56:12.120
<v Speaker 1>the NBA betting is quite as much as I'm missing

0:56:12.440 --> 0:56:16.120
<v Speaker 1>getting into that baseball betting. Is there a sport jack

0:56:16.480 --> 0:56:20.600
<v Speaker 1>or a a betting vehicle. Let's say that you were

0:56:20.640 --> 0:56:24.919
<v Speaker 1>super excited to exploit or bet and it just didn't

0:56:24.960 --> 0:56:27.279
<v Speaker 1>work out your way and it continues to flummix you.

0:56:27.400 --> 0:56:28.920
<v Speaker 1>Is there is there a sport that is just more

0:56:29.000 --> 0:56:32.160
<v Speaker 1>difficult for you that others? Oh you you name it?

0:56:32.280 --> 0:56:34.759
<v Speaker 1>I mean, I you know, look, any sports bettor who

0:56:34.800 --> 0:56:36.600
<v Speaker 1>does a lot of betting knows that you you go

0:56:36.719 --> 0:56:39.640
<v Speaker 1>down a lot of paths and you fail. And trust me,

0:56:39.680 --> 0:56:42.080
<v Speaker 1>I've failed at many things. I've built many models that

0:56:42.160 --> 0:56:47.080
<v Speaker 1>have gone nowhere. I've I've taken tens of hundreds of

0:56:47.120 --> 0:56:52.240
<v Speaker 1>hours developing data sets and finding trying to find correlation

0:56:52.320 --> 0:56:55.800
<v Speaker 1>when there's just no correlation there that would make for

0:56:55.880 --> 0:57:00.200
<v Speaker 1>a quantitative betting model. So my failures are too many

0:57:00.239 --> 0:57:03.600
<v Speaker 1>to mention, Gil, But trust me, you know there's been

0:57:03.600 --> 0:57:05.880
<v Speaker 1>plenty of sports where I just I just never had

0:57:05.920 --> 0:57:08.239
<v Speaker 1>the edge and I had to give it up. The

0:57:08.640 --> 0:57:11.640
<v Speaker 1>modeling thing scares a lot of people, right, So most

0:57:11.800 --> 0:57:14.799
<v Speaker 1>people who come to this are just like like most

0:57:15.040 --> 0:57:17.600
<v Speaker 1>of us of us who are innately drawn to sports

0:57:17.640 --> 0:57:20.320
<v Speaker 1>as kids were sports fans first, right, and then you know,

0:57:20.480 --> 0:57:26.160
<v Speaker 1>somehow you drifted into sports betting. The modeling is something

0:57:26.280 --> 0:57:28.360
<v Speaker 1>that would I don't know if scares the right word,

0:57:28.400 --> 0:57:31.720
<v Speaker 1>but of sports better will be like, Okay, you've lost

0:57:31.800 --> 0:57:34.920
<v Speaker 1>me right there. And modeling. Could you say anything Jack

0:57:35.000 --> 0:57:38.919
<v Speaker 1>that would ease those people's fears and say like, yeah,

0:57:38.920 --> 0:57:44.720
<v Speaker 1>actually it's not that difficult. Yeah, you know, intimidating, Bill,

0:57:44.840 --> 0:57:46.960
<v Speaker 1>that's the word I think you're looking for, because a

0:57:47.000 --> 0:57:49.720
<v Speaker 1>lot of people are intimidated by modeling. They just think

0:57:49.800 --> 0:57:53.360
<v Speaker 1>it's math beyond what they're capable of handling. Uh. You know,

0:57:53.480 --> 0:57:56.840
<v Speaker 1>the funny thing is is there are programs out there

0:57:57.440 --> 0:58:00.720
<v Speaker 1>that basically shortened that curve, that learning curve when it

0:58:00.760 --> 0:58:04.240
<v Speaker 1>comes to the heavy duty data science math behind modeling.

0:58:04.800 --> 0:58:08.320
<v Speaker 1>There's plenty of tools out there. So the example I

0:58:08.400 --> 0:58:11.400
<v Speaker 1>give in my series Making a Modeler, which is a

0:58:11.560 --> 0:58:15.080
<v Speaker 1>blatant rip off on the Netflix Making a Murderer series. Um,

0:58:15.800 --> 0:58:20.040
<v Speaker 1>but the blatant idea that I give is that modeling

0:58:20.080 --> 0:58:22.600
<v Speaker 1>doesn't have to be intimidating. You know, you can use

0:58:22.680 --> 0:58:26.160
<v Speaker 1>Microsoft Excel to create a model and everyone has used

0:58:26.200 --> 0:58:28.560
<v Speaker 1>Excel at some point in their life, so the idea

0:58:28.640 --> 0:58:31.320
<v Speaker 1>of a spreadsheet shouldn't be that intimidating. I walked people

0:58:31.360 --> 0:58:34.280
<v Speaker 1>through creating a Monty Carlo model in the first episode.

0:58:34.440 --> 0:58:36.680
<v Speaker 1>I'm gonna walk people through creating a web scraper in

0:58:36.760 --> 0:58:40.640
<v Speaker 1>the second episode. And these are things that you can

0:58:40.680 --> 0:58:43.600
<v Speaker 1>do without any program experience. And what I like to

0:58:43.640 --> 0:58:45.080
<v Speaker 1>do is I like to show you what it looks

0:58:45.120 --> 0:58:47.000
<v Speaker 1>like when you're doing advanced stuff. You know, when you're

0:58:47.120 --> 0:58:51.280
<v Speaker 1>doing things in Python or are and advanced programming languages. Yeah,

0:58:51.440 --> 0:58:54.160
<v Speaker 1>it's it's intimidating, it's there's a huge learning curve there.

0:58:54.600 --> 0:58:56.360
<v Speaker 1>But then I show you what can be done in

0:58:56.560 --> 0:58:59.400
<v Speaker 1>Excel very easily. Now, the stuff that I'm showing you

0:58:59.840 --> 0:59:03.800
<v Speaker 1>is gonna win. That's the added part that the the

0:59:04.040 --> 0:59:06.640
<v Speaker 1>user has to take and figure out how to make

0:59:06.720 --> 0:59:09.240
<v Speaker 1>this win. So I'm showing you the basics. I'm giving

0:59:09.280 --> 0:59:11.400
<v Speaker 1>you a fishing rod and showing you how to put

0:59:11.480 --> 0:59:13.520
<v Speaker 1>bait on the hook. I'm not telling you how to fish,

0:59:14.200 --> 0:59:16.200
<v Speaker 1>and I am telling you that you're gonna need to

0:59:16.320 --> 0:59:19.120
<v Speaker 1>learn to fish in order to sustain this and feed

0:59:19.160 --> 0:59:23.760
<v Speaker 1>yourself going forward. I love it. Cap Jack Andrews again

0:59:23.880 --> 0:59:26.520
<v Speaker 1>at cap Jack two thousand on Twitter. Jack, I'll leave

0:59:26.560 --> 0:59:29.760
<v Speaker 1>you with this, um and again, nothing we we talked

0:59:29.800 --> 0:59:32.920
<v Speaker 1>about beforehand, but if you could sort of wave your

0:59:33.000 --> 0:59:35.840
<v Speaker 1>magic wand here, so the pandemic we get to the

0:59:35.920 --> 0:59:39.200
<v Speaker 1>other side of it, sports returns in some form in

0:59:40.080 --> 0:59:42.920
<v Speaker 1>and hopefully in the form that we've always known in

0:59:43.040 --> 0:59:47.760
<v Speaker 1>love next year. Um, what's the biggest thing in sports

0:59:47.840 --> 0:59:51.320
<v Speaker 1>betting in this industry that you would like to see

0:59:51.360 --> 0:59:53.200
<v Speaker 1>happen or what do you think is the most significant

0:59:53.240 --> 0:59:55.920
<v Speaker 1>thing that could happen? And I just sort of give

0:59:55.960 --> 0:59:58.520
<v Speaker 1>it as a as an open ended answer. Is it

0:59:58.840 --> 1:00:03.840
<v Speaker 1>for eights uh to you know, sort of come up,

1:00:04.000 --> 1:00:07.400
<v Speaker 1>you know, to to get legalized with sports betting more

1:00:07.440 --> 1:00:09.400
<v Speaker 1>in the way that New Jersey did it. Then say

1:00:09.440 --> 1:00:11.960
<v Speaker 1>some of the other examples we we gave, maybe it's

1:00:12.000 --> 1:00:14.680
<v Speaker 1>something else that we haven't mentioned here. What is the

1:00:14.720 --> 1:00:19.280
<v Speaker 1>answer to that for you? So that's a great question, Gil.

1:00:19.320 --> 1:00:21.560
<v Speaker 1>I think definitely we need to see some states kind

1:00:21.600 --> 1:00:24.360
<v Speaker 1>of step up and take a long game approach to

1:00:24.400 --> 1:00:27.600
<v Speaker 1>their sports betting industry, not just be the quick cash grab.

1:00:28.320 --> 1:00:30.160
<v Speaker 1>They have to understand that, you know, they need to

1:00:30.240 --> 1:00:34.959
<v Speaker 1>foster competitive industry because when you have competitive industry, you'd

1:00:34.960 --> 1:00:38.360
<v Speaker 1>also fosters innovation. Right these these sports books are going

1:00:38.400 --> 1:00:40.600
<v Speaker 1>to need to innovate to stay ahead of each other.

1:00:40.680 --> 1:00:44.320
<v Speaker 1>It's it's a it's a model of capitalism. And what

1:00:44.600 --> 1:00:46.600
<v Speaker 1>I want to see is that if we can foster

1:00:46.680 --> 1:00:50.320
<v Speaker 1>the competition, we foster the innovation, we foster a better

1:00:50.400 --> 1:00:53.680
<v Speaker 1>sports betting product for everyone going forward. The way that

1:00:53.760 --> 1:00:56.120
<v Speaker 1>I'm going to be betting sports five years from now,

1:00:56.440 --> 1:00:59.040
<v Speaker 1>I hope it's nothing close to what I'm doing today,

1:01:00.040 --> 1:01:01.919
<v Speaker 1>you know, it's it's it's going to evolve and there

1:01:01.920 --> 1:01:04.640
<v Speaker 1>hopefully there's gonna be things going on that are better

1:01:05.280 --> 1:01:08.840
<v Speaker 1>and and more innovative than I can even imagine right now.

1:01:09.000 --> 1:01:10.960
<v Speaker 1>And that's that's what I'd really like to see, is

1:01:11.040 --> 1:01:14.040
<v Speaker 1>that we take this evolutionary step forward when it comes

1:01:14.080 --> 1:01:16.320
<v Speaker 1>to sports betting and it comes to sports bettors to

1:01:16.400 --> 1:01:20.480
<v Speaker 1>make a product that just really works for everyone and

1:01:21.200 --> 1:01:25.320
<v Speaker 1>it increases the level of engagement and then real quick. Secondly,

1:01:25.360 --> 1:01:27.080
<v Speaker 1>the thing I want to see, and this is a

1:01:27.160 --> 1:01:30.600
<v Speaker 1>cautionary tale to the industry, We're going to have a

1:01:30.720 --> 1:01:33.200
<v Speaker 1>decrease in discretionary spending when we come out of this.

1:01:33.480 --> 1:01:37.240
<v Speaker 1>You know, we have unemployment, people have lost jobs, People

1:01:37.280 --> 1:01:40.800
<v Speaker 1>aren't gonna want to spend money frivolously. Vegas is gonna

1:01:40.800 --> 1:01:43.320
<v Speaker 1>have a hard time getting people back into casinos at

1:01:43.360 --> 1:01:45.680
<v Speaker 1>the rate they used to. So we need to be

1:01:45.760 --> 1:01:48.240
<v Speaker 1>able to say, Okay, we need to appeal to the

1:01:48.320 --> 1:01:52.360
<v Speaker 1>value consumer. We need to have mobile betting everywhere we can, uh.

1:01:52.680 --> 1:01:54.240
<v Speaker 1>And we need to make sure that people, when they

1:01:54.280 --> 1:01:56.960
<v Speaker 1>spend their money, are spending it wisely and not and

1:01:57.120 --> 1:02:00.600
<v Speaker 1>not frivolously when it comes to sports betting, because they

1:02:00.720 --> 1:02:02.800
<v Speaker 1>value that money a little bit highly than they did

1:02:02.880 --> 1:02:05.840
<v Speaker 1>before all this. And I and I just worry Jack,

1:02:05.880 --> 1:02:08.400
<v Speaker 1>and I'm sure you do too. Sort of follows from

1:02:08.440 --> 1:02:12.080
<v Speaker 1>that that unless and we said this even before legalization,

1:02:12.520 --> 1:02:17.080
<v Speaker 1>Unless they get it right, they meaning legalized sports jurisdictions

1:02:17.080 --> 1:02:19.040
<v Speaker 1>in this country, get it right in the sense that

1:02:19.560 --> 1:02:23.680
<v Speaker 1>consumers and betters themselves win, get the best of it,

1:02:24.080 --> 1:02:28.760
<v Speaker 1>have a great experience, are treated fairly both uh, you know,

1:02:29.080 --> 1:02:33.560
<v Speaker 1>mathematically and otherwise. Offshore is just just is just going

1:02:33.640 --> 1:02:36.440
<v Speaker 1>to continue to thrive, isn't it. The very thing that

1:02:36.560 --> 1:02:39.520
<v Speaker 1>you're seeking to get people away from. It's going to

1:02:39.600 --> 1:02:41.920
<v Speaker 1>have the opposite effect. And I just worry that the

1:02:42.120 --> 1:02:45.680
<v Speaker 1>the European model for lack of a better catchphrase, catch

1:02:45.880 --> 1:02:48.640
<v Speaker 1>all term. You know, I'm just worried that that is

1:02:48.800 --> 1:02:51.720
<v Speaker 1>going to Maybe maybe I'm not worried. Maybe I don't

1:02:51.760 --> 1:02:53.560
<v Speaker 1>care in the end, but maybe I'm just I just

1:02:53.640 --> 1:02:55.480
<v Speaker 1>want to make the point that, you know, the more

1:02:55.600 --> 1:02:59.120
<v Speaker 1>they behave, the way they behave, um, offshore is not

1:02:59.200 --> 1:03:02.560
<v Speaker 1>going anywhere, is it. No, that's right. You know, the

1:03:02.720 --> 1:03:06.800
<v Speaker 1>legal onshore industry has the three CS in its advantage.

1:03:06.840 --> 1:03:10.120
<v Speaker 1>They have uh confidence, which they definitely have over the

1:03:10.200 --> 1:03:13.360
<v Speaker 1>off shore industry based on the recreational consumer. They have

1:03:13.560 --> 1:03:17.160
<v Speaker 1>a competitive advantage of having things be uh you know,

1:03:17.880 --> 1:03:20.840
<v Speaker 1>more competitive in the states that have competition, and they

1:03:20.920 --> 1:03:23.560
<v Speaker 1>have convenience. It's far easier to get money into a

1:03:23.720 --> 1:03:25.720
<v Speaker 1>legal sports book than it is to get it off

1:03:25.720 --> 1:03:28.920
<v Speaker 1>shore in most states. Nevada is getting there, but hopefully

1:03:28.960 --> 1:03:31.560
<v Speaker 1>gets there soon. But if if the states can just

1:03:31.640 --> 1:03:34.919
<v Speaker 1>focus on those three CS, they can do so much better.

1:03:35.120 --> 1:03:37.280
<v Speaker 1>And uh, you know, if they really want to squash

1:03:37.360 --> 1:03:39.640
<v Speaker 1>the offshore industry, they could do it. But at the

1:03:39.720 --> 1:03:41.840
<v Speaker 1>same time, and this is my last point, Gil, we

1:03:41.960 --> 1:03:43.920
<v Speaker 1>need to find a way to get those offshore people

1:03:44.280 --> 1:03:47.439
<v Speaker 1>into onshore jobs. They're the smartest people in the room, Gil.

1:03:47.840 --> 1:03:50.840
<v Speaker 1>They are the people that know sports, betting and booking sports.

1:03:51.000 --> 1:03:53.600
<v Speaker 1>That's the best and we need to find a way

1:03:53.680 --> 1:03:57.280
<v Speaker 1>to get them into the onshore industry. Jack. I can't

1:03:57.280 --> 1:04:00.560
<v Speaker 1>thank you enough, man, um it's I've always wanted you

1:04:00.680 --> 1:04:03.120
<v Speaker 1>on here. I'm glad you've made the time. Thank you

1:04:03.280 --> 1:04:06.120
<v Speaker 1>so much. Uh and you are, sir A credits to

1:04:06.200 --> 1:04:08.680
<v Speaker 1>the industry. You really are. Thank you so much, Man,

1:04:09.480 --> 1:04:13.320
<v Speaker 1>Thank you, Gil. It's a pleasure at cap Jack two thousand,

1:04:13.440 --> 1:04:17.280
<v Speaker 1>Captain Jack Andrews do check out is YouTube Syria A

1:04:17.560 --> 1:04:17.800
<v Speaker 1>mut