WEBVTT - Beating The Book: Joe Peta 0:00:03.440 --> 0:00:11.600 Check it down man, Now down there, it's the Beating 0:00:11.640 --> 0:00:15.240 the Book Podcast. Gil Alexander's time for another in our 0:00:15.440 --> 0:00:20.760 series of sports betting profiles during this global pandemic. Today 0:00:21.440 --> 0:00:23.439 on the heels of so many who have been kind 0:00:23.560 --> 0:00:26.960 enough to give us their time and provide insights on 0:00:27.000 --> 0:00:29.840 the show during this strange time and all of our lives. 0:00:30.480 --> 0:00:35.360 It's Joe Peter. Joe Peter, author, Wall Street Guy, if 0:00:35.360 --> 0:00:39.760 you will, UH, someone who has had flirtations with all 0:00:39.920 --> 0:00:42.720 kinds of things sports betting related, and we'll get to 0:00:42.800 --> 0:00:46.320 some of those, including what I feel is perhaps the 0:00:46.360 --> 0:00:49.760 biggest story around the sports betting industry that never got 0:00:49.800 --> 0:00:53.840 told over the last few years in Las Vegas and beyond. 0:00:54.440 --> 0:00:56.279 Joe was right in the mix with that. He's got 0:00:56.320 --> 0:00:59.160 all the insights, uh, and just all the different ways 0:00:59.200 --> 0:01:01.720 that he's been pulled into the sports betting arena, whether 0:01:01.800 --> 0:01:06.520 he wanted to buy design or not. Fascinating guy, super smart, 0:01:06.680 --> 0:01:08.640 always a friend of the podcast. We're happy to have 0:01:08.720 --> 0:01:11.759 him as part of our series here today. Enjoy Joe 0:01:11.760 --> 0:01:19.520 Peter on The Beating the Book Podcast. It's a numbers 0:01:19.560 --> 0:01:23.880 game with your host, Kill Alexander. You want those unis 0:01:23.880 --> 0:01:27.480 who believe in Ana Lives. It is a numbers game 0:01:27.640 --> 0:01:30.880 on a Tuesday. It's Gill Alexander series except Channel two 0:01:30.880 --> 0:01:33.800 of four, Visa dot Com, the Visa app, Bobo Slinging Game, 0:01:33.840 --> 0:01:36.840 plus How you doing. I hope you're staying safe, hope 0:01:36.840 --> 0:01:40.640 you're doing well. On the show today, Uh, we'll talk 0:01:40.680 --> 0:01:44.800 about baseball's latest ridiculous fifty game plan. If that's gonna 0:01:44.840 --> 0:01:48.440 be a thing, not a formal offer, but a default offer, 0:01:48.480 --> 0:01:50.600 if you will. But today is a Tuesday, and for 0:01:50.600 --> 0:01:53.600 those who have been keen observers of this show during 0:01:53.600 --> 0:01:58.680 the pandemic, Tuesday's pretty much reserved for betting profile series 0:01:58.680 --> 0:02:01.600 that I've done. If not, now when our chance to 0:02:01.640 --> 0:02:05.120 sort of get into the minds of really influential people 0:02:05.360 --> 0:02:08.480 in the business and from all angles. Alan Boston has 0:02:08.520 --> 0:02:12.880 been with us UH for the series. Rufus Peabody, Dr Bob, 0:02:13.120 --> 0:02:17.560 Captain Jack Andrews Dink, Allen Dnkinson, Ray Marino. UH, Spanky 0:02:17.639 --> 0:02:20.320 was here last week. Today it's an old friend of 0:02:20.360 --> 0:02:24.600 mine who is fascinating in so many ways, UH, and honestly, 0:02:25.120 --> 0:02:31.359 with him, I hope to reveal the biggest untold story 0:02:31.480 --> 0:02:35.120 or story that could have been if you will, uh 0:02:35.160 --> 0:02:37.680 in Las Vegas the last three or four years. It 0:02:37.760 --> 0:02:41.400 ended up having a conclusion, but something was simmering under 0:02:41.440 --> 0:02:43.280 for a big betty company for so many years. That's 0:02:43.320 --> 0:02:46.480 just one aspect of him, but as a Wall Street background, 0:02:46.720 --> 0:02:49.680 a major accident in his life that changed his life 0:02:49.680 --> 0:02:53.720 and uh steered him towards this industry. If you will, Uh, 0:02:53.760 --> 0:02:55.960 it's Joe Pete. Everybody, how you do a Joe, Good 0:02:56.000 --> 0:02:59.280 morning to you, thanks for spending the time. Good morning, Gil. 0:02:59.520 --> 0:03:02.320 It's You're right. We are old friends. It goes back 0:03:02.360 --> 0:03:06.799 I think to twenty uh eleven, maybe now or maybe 0:03:07.080 --> 0:03:12.040 preseason when we first we met for tacos in San Francisco. 0:03:13.320 --> 0:03:15.440 Where did we meet for tacos? I don't even remember this? 0:03:15.480 --> 0:03:18.400 Where do we mean tacos? Taco Licious down on the 0:03:18.600 --> 0:03:23.600 chestnut that's Taco Licious which now has a different chestnut location. 0:03:26.520 --> 0:03:32.000 We didn't. That's right, we really were. Um. By the way, 0:03:32.080 --> 0:03:33.920 Joe for those who will listen to Beating the Book 0:03:33.919 --> 0:03:36.880 podcast for many years, UH and a numbers game obviously 0:03:36.920 --> 0:03:40.400 the author of Trading Basses, which we'll get to. A 0:03:40.560 --> 0:03:43.720 Joe Peter's Master's Tour Guide from twenty nineteen, which is 0:03:43.760 --> 0:03:45.480 a whole another thing that that's the thing that makes 0:03:45.480 --> 0:03:48.520 you so interesting, Joe, is there are so many tentacles 0:03:48.960 --> 0:03:51.400 uh to this next hour with you, and and you 0:03:51.440 --> 0:03:54.440 know not to sound like James Lipton, uh from inside 0:03:54.480 --> 0:03:56.720 the actor's studio the late grade James lifted. It should 0:03:56.760 --> 0:04:00.160 be mentioned, but we always started at the beginning. Um, 0:04:00.240 --> 0:04:05.000 where did you grow up? Did you have a financial 0:04:05.040 --> 0:04:07.680 background in your family that led you to Wall Street? 0:04:07.720 --> 0:04:11.400 And what were your first experiences with betting? Yeah? So 0:04:11.480 --> 0:04:14.080 now I grew up outside Philadelphia. My father was a 0:04:14.120 --> 0:04:19.320 professor immigrant. Uh. And as an immigrant and with a 0:04:19.400 --> 0:04:26.039 uh first name Erminia, which immediately announced his sort of 0:04:26.040 --> 0:04:29.520 foreign presence. Uh. You know, his parents didn't speak English, 0:04:29.560 --> 0:04:34.760 and and so one of the things he did to 0:04:34.760 --> 0:04:38.160 try to be American was adopted baseball. So this is 0:04:38.200 --> 0:04:41.880 in the error of uh the thirties and forties. So 0:04:42.920 --> 0:04:47.120 he grew up in Philly, so he adopted Phillies of course, 0:04:48.000 --> 0:04:50.839 but he loved Joe DiMaggio obviously as an Italian American 0:04:50.960 --> 0:04:53.880 sort of representing the sport, and so that was passed 0:04:53.920 --> 0:04:59.760 on to me. Uh. As far as financial stuff, not really. 0:05:00.120 --> 0:05:03.640 He did teach me to read the stock tables on 0:05:03.680 --> 0:05:06.279 a summer vacation. I remembered down at the Jersey Shore 0:05:06.839 --> 0:05:11.160 and that became I then became somewhat obsessed with that. 0:05:11.240 --> 0:05:13.480 And you know, like the title of your show, it's 0:05:13.480 --> 0:05:18.480 a numbers game, and I was. I was fascinated by 0:05:18.520 --> 0:05:22.600 the numbers. UM went to as far as Yeah, I 0:05:22.640 --> 0:05:28.480 was in the the parlay cards. UM. A body of mine. Well, 0:05:28.680 --> 0:05:31.160 I happened to be lucky because in in in uh 0:05:31.960 --> 0:05:34.839 home room in high school. His his last name was 0:05:34.920 --> 0:05:38.240 paven Uh which sat right in front of me, Peter, 0:05:38.880 --> 0:05:43.479 and his dad was known as Aggie the bookie and Aggie. 0:05:43.880 --> 0:05:47.960 So he would come in with these parlay cards and 0:05:48.760 --> 0:05:51.880 you know, I couldn't get enough of those, and I 0:05:52.279 --> 0:05:55.800 uh that that really that got me sort of hooked 0:05:56.120 --> 0:06:01.080 on on the game UM. But it wasn't as problem 0:06:01.120 --> 0:06:02.920 back then. You know. I remember going to college. I went, 0:06:03.040 --> 0:06:05.560 you know, and then I sticking with the numbers. I 0:06:05.600 --> 0:06:07.400 went down to Virginia Tech to become a c P. 0:06:07.600 --> 0:06:12.320 A met great graduating accounting and UH then moved up 0:06:12.320 --> 0:06:19.520 to d C where I was a tax advisor UM 0:06:19.760 --> 0:06:22.880 with with some famous clients. I I think I've said 0:06:22.920 --> 0:06:24.440 this to you. I don't think I've said on the air, 0:06:24.520 --> 0:06:27.640 but one of my former tax clients was Paul mana 0:06:27.720 --> 0:06:31.039 Fort who was now in jailed for, among other things, 0:06:31.080 --> 0:06:36.599 tax fraud. Um. But that that was the That was 0:06:36.720 --> 0:06:40.120 the type of of rich and famous clientele that was 0:06:40.160 --> 0:06:42.960 in uh d C at the time. But I remember 0:06:43.240 --> 0:06:46.000 betting on sports then again, you know you had the bookie, 0:06:46.000 --> 0:06:50.520 whether it was Legs or Tony or Aggie, Um it 0:06:50.640 --> 0:06:54.800 was it was the score of a lot, the score phone, right, 0:06:54.920 --> 0:06:59.320 that was the man calling the score phone was such 0:06:59.360 --> 0:07:02.760 a big deal. I can still hear those recorded worces 0:07:02.880 --> 0:07:09.400 that yeah, that yeah, that that was a So that 0:07:09.480 --> 0:07:12.320 was sort of but it was always a hobby, right I. 0:07:12.560 --> 0:07:16.320 I you know, I viewed it as something to try 0:07:16.360 --> 0:07:20.480 to crack. But I understood the entertainment aspect of it too. Um. 0:07:20.480 --> 0:07:23.640 So there was never a I never there was never 0:07:23.680 --> 0:07:27.160 a stigma around it to me because like I said, 0:07:27.160 --> 0:07:29.880 I viewed it as part of the entertainment industry. Um. 0:07:30.600 --> 0:07:36.320 And But my professional path then was to get to 0:07:36.520 --> 0:07:39.680 Wall Street. After being an accountant for so long, I 0:07:39.680 --> 0:07:41.760 wanted to get to Wall Street. And you know again 0:07:41.880 --> 0:07:44.840 similar game, right, it's a you know you're trying to 0:07:45.480 --> 0:07:50.240 allocate capital based on incomplete information, which is you know, 0:07:50.240 --> 0:07:53.560 sort of sums up sports betting as well. UM. So 0:07:53.800 --> 0:07:56.120 I ended up get got a graduate degree, ended up 0:07:56.120 --> 0:07:59.560 going up to Wall Street, and now I was really 0:08:00.360 --> 0:08:04.600 my colleagues were my people, UM, these were. I didn't 0:08:04.640 --> 0:08:08.080 realize how well established the New York City uh sort 0:08:08.120 --> 0:08:14.760 of uh betting market was. Um so now you've got 0:08:14.760 --> 0:08:18.200 people to talk to all day about it, and it 0:08:18.640 --> 0:08:22.320 uh it became, you know, much bigger part of my life, 0:08:23.160 --> 0:08:25.400 Like you say, fifteen years into that career. So I 0:08:25.400 --> 0:08:27.880 guess that was twenty ten. Now, UM, I did get 0:08:27.880 --> 0:08:30.760 injured in New York. Um, I got as you said, 0:08:30.760 --> 0:08:33.720 there was an accident. I got run over by an 0:08:33.760 --> 0:08:36.959 ambulance while I was a pedestrian. UM. And that laid 0:08:36.960 --> 0:08:38.400 me up and had me in a wheelchair for a 0:08:38.440 --> 0:08:43.400 little bit. And that's when I had the um, you know, 0:08:43.400 --> 0:08:46.680 sort of percolating my mind. Was this idea that the 0:08:46.720 --> 0:08:52.440 critical reasoning overlap between asset management and sports betting, UM, 0:08:52.559 --> 0:08:56.800 and then the moneyballization of baseball, they were all related 0:08:56.840 --> 0:09:00.319 to me. I saw overlaps where one industry did something 0:09:00.320 --> 0:09:02.240 better than the other two and and you know, you 0:09:02.240 --> 0:09:05.960 can find something for for points for all of them, 0:09:06.000 --> 0:09:07.640 and I had the idea to put it into a book. 0:09:08.120 --> 0:09:11.280 And that's how Trading Basis came about. Uh. I had 0:09:11.360 --> 0:09:14.520 never written anything. I got very lucky. I was fortunate 0:09:14.600 --> 0:09:18.440 that the movie Moneyball came out in the I guess 0:09:18.480 --> 0:09:22.600 fall of eleven, just as I was pitching the book 0:09:22.600 --> 0:09:27.280 to publishers, and it had a good elevator pitch because 0:09:27.400 --> 0:09:31.960 the elevator picture was very understandable. It was, um, Moneyball 0:09:32.040 --> 0:09:34.520 meets Bringing down the House. So there you have two 0:09:34.520 --> 0:09:37.559 books that were successful books. They were both well the 0:09:37.679 --> 0:09:42.520 money Ball wasn't a memoir, but it uh um, it 0:09:42.559 --> 0:09:46.200 was easily understood by the publishing industry. And you know 0:09:47.000 --> 0:09:50.120 that that was that was fortunate because and then because 0:09:50.160 --> 0:09:52.480 the movie was doing so well, there are a lot 0:09:52.480 --> 0:09:56.480 of publishers wanted a piece of it. Um. So that's 0:09:56.520 --> 0:09:59.760 that's how the book came about. Um. And the book 0:09:59.800 --> 0:10:01.920 came mount. Yeah. And then it gets interesting, this is 0:10:01.960 --> 0:10:06.120 how I met you. So the book gets written in eleven, 0:10:06.880 --> 0:10:13.239 uh submitted early twelve for early publication, and the publisher 0:10:14.160 --> 0:10:17.800 liked the initial manuscript, you know, very much, and they 0:10:17.840 --> 0:10:23.240 said we're gonna need an apologue though for because if 0:10:23.280 --> 0:10:25.040 you know, for people who haven't read the book, it's 0:10:25.120 --> 0:10:29.920 essentially it's a chronological account of eleven really starting with 0:10:29.960 --> 0:10:34.120 my accident, um, and so the and it goes into 0:10:34.400 --> 0:10:36.160 you know, a lot of stories. It is a memoir, 0:10:36.280 --> 0:10:38.320 so it's it's my stories of Wall Street, it's my 0:10:38.360 --> 0:10:41.480 stories of growing up um in a baseball family, and 0:10:41.520 --> 0:10:44.880 how you know, the fan, the fandom of baseball is 0:10:44.920 --> 0:10:47.560 in there. And then of course in the betting and 0:10:48.360 --> 0:10:51.960 the we get to twelve and they said, we're gonna 0:10:52.000 --> 0:10:55.400 need an apologue for twelve. And they said, we have 0:10:55.520 --> 0:10:57.920 this idea. We want to kind of run it by you. 0:10:58.000 --> 0:11:01.520 What what would you think about going to Vegas with 0:11:01.600 --> 0:11:05.559 the marketing budget for the book and betting on baseball, 0:11:05.960 --> 0:11:08.240 um legally, so that you know, we could we could 0:11:08.280 --> 0:11:11.840 tell that story. And I thought, that's a that's a 0:11:12.000 --> 0:11:14.960 that sounds like a baseball betting fund, Tony. Um, that 0:11:15.120 --> 0:11:18.800 sounds like a great idea. And so that I called 0:11:18.880 --> 0:11:22.240 up family and friends, UM, and that's where I met you. 0:11:22.760 --> 0:11:24.920 UM called a family and friends and I'm like, you know, 0:11:25.520 --> 0:11:27.920 my degenerate buddies, if they know I'm going out there, 0:11:28.360 --> 0:11:33.000 they're gonna want to be this, and so one one 0:11:33.040 --> 0:11:35.640 could say we were entity betting when we weren't supposed to. 0:11:35.760 --> 0:11:40.880 Maybe I don't know something that that would. I always 0:11:40.960 --> 0:11:46.559 likened it. My I rationalized it to the guy who 0:11:47.200 --> 0:11:51.079 collects um lottery ticket money from his bowling buddies to 0:11:51.120 --> 0:11:55.439 cross state lines and uh, you know that on the 0:11:55.440 --> 0:11:59.480 the lot of where it's in a state where it's legal. Um, 0:12:00.040 --> 0:12:02.160 let me step in here for a second, because you know, 0:12:02.200 --> 0:12:05.960 we we glossed over something that you know it was 0:12:05.960 --> 0:12:09.480 was a cataclysmic event in your life, and that is 0:12:09.520 --> 0:12:12.480 the getting run over by an ambulance. We just you 0:12:12.480 --> 0:12:14.679 can't really say that sentence and then just go on, 0:12:15.320 --> 0:12:18.160 Um you were, I mean you had been through a lot, right, 0:12:18.240 --> 0:12:20.840 you were at Lehman Brothers, I believe when the financial 0:12:21.040 --> 0:12:25.040 meltdown happened, and that was just its own you know, uh, 0:12:25.640 --> 0:12:28.520 just the nine eleven of that industry, if you will. 0:12:29.200 --> 0:12:32.679 And so you had and gil Gil I worked in 0:12:33.120 --> 0:12:36.360 I worked at you know, the wealth Fancial Center on 0:12:36.440 --> 0:12:41.920 nine eleven two. So that right, uh, yeah, it's yes, 0:12:42.000 --> 0:12:44.600 I it was a very eventful fifteen years. I'm sorry, 0:12:44.600 --> 0:12:46.360 but go on, well, no, no, no, no, what was 0:12:46.360 --> 0:12:48.240 your by the way, what was your nine eleven experience? 0:12:48.280 --> 0:12:51.800 Real quick? I mean, how was that that day? Well, yeah, 0:12:51.840 --> 0:12:55.800 it was surreal. Um. Our building was attached to the 0:12:55.840 --> 0:12:59.360 North tower via footbridge. Um so, I you know, walked 0:12:59.360 --> 0:13:01.640 through that lobby every morning in about a quarter or 0:13:01.640 --> 0:13:06.440 seven um so. And and I actually had a window 0:13:06.559 --> 0:13:09.599 desk to the west Side Highway, and I remember the 0:13:10.320 --> 0:13:14.080 first explosion, the first plane hitting. I actually looked down 0:13:14.920 --> 0:13:17.560 from my window because I thought maybe it was an exploit. 0:13:17.600 --> 0:13:20.840 I thought a car accident or so I looked down 0:13:20.960 --> 0:13:25.920 and did not see this sort of the impact um 0:13:26.000 --> 0:13:29.720 For about three or four seconds um so, it was 0:13:29.720 --> 0:13:33.200 still unclear what happened in the North tower with you 0:13:33.280 --> 0:13:35.640 just see the gaping hole and the smoke starting to 0:13:35.679 --> 0:13:39.000 build up. So there's a lot of confusion about what 0:13:39.120 --> 0:13:41.160 was going on. I thought it was a gas line, 0:13:41.640 --> 0:13:44.280 A great person, you know, that was just my guests. 0:13:44.600 --> 0:13:48.800 There's an explosion up there, um and then you you know, 0:13:48.840 --> 0:13:52.760 you start hearing the reports was a small plane. Um. 0:13:52.800 --> 0:13:54.960 But we're still at the windows, and then we see 0:13:55.000 --> 0:13:58.000 the second plane come in. It was at forty minutes later, 0:13:58.040 --> 0:14:01.120 I think it was um and then you have no 0:14:01.120 --> 0:14:03.560 no question at all about what's going on. Um, and 0:14:03.640 --> 0:14:06.840 that was left the building and actually never walked in 0:14:06.920 --> 0:14:12.080 that building again. Uh we yeah, And I lived I 0:14:12.120 --> 0:14:15.800 lived on eighteenth Street at the time, so walked uh 0:14:16.640 --> 0:14:20.360 uh stayed down there. And the people who know Lower Manhattan, 0:14:20.400 --> 0:14:24.960 their Studenson High School is was just north of the 0:14:24.960 --> 0:14:28.400 North Tower. H and at that point it wasn't so 0:14:28.520 --> 0:14:31.400 built up, so there were actually parking lots and baseball 0:14:31.440 --> 0:14:34.480 fields and tennis courts right on the west side Highway. 0:14:35.000 --> 0:14:37.960 So stood there out in sort of the baseball fields 0:14:38.000 --> 0:14:45.000 for quite some time watching um and uh that that 0:14:45.000 --> 0:14:49.480 that was, you know, that's that's seared. It's uh that 0:14:49.480 --> 0:14:52.320 that was. That was tough. I mean you live, so 0:14:52.400 --> 0:14:54.640 you live through then, and so many people, you know, 0:14:54.680 --> 0:14:57.200 everyone in New York has a as a nine eleven story, 0:14:57.240 --> 0:15:00.200 and one more tragic than the previous. So you you 0:15:00.280 --> 0:15:03.120 lead the entire New York experience. So you lived through 0:15:03.440 --> 0:15:06.600 nine eleven, uh, two thousand eight Lehman brothers, and you 0:15:06.600 --> 0:15:10.160 write extensively about Lehman Brothers in your book Trading Basis 0:15:10.160 --> 0:15:13.720 how a Wall Street trader made a fortune betting on baseball, which, 0:15:13.720 --> 0:15:15.640 by the way, I think was the second subtitle to 0:15:15.680 --> 0:15:17.200 that book of a not mistake, And wasn't there like 0:15:17.240 --> 0:15:22.000 a not necessarily in that order subtitle. My subtitle, which 0:15:22.080 --> 0:15:25.280 was on the hardcover was a story about Wall Street 0:15:25.280 --> 0:15:29.400 gambling in baseball, not necessarily in that orders right. And 0:15:29.760 --> 0:15:33.280 the when the paperback books rights were sold from my 0:15:33.320 --> 0:15:37.560 publisher to a different publisher. They in the publishing industry, 0:15:37.600 --> 0:15:41.280 the publisher really owns the cover, the outside of the book. 0:15:41.520 --> 0:15:44.760 You own the words inside. So they changed the subtitle 0:15:44.800 --> 0:15:48.920 to make it a little more uh dramatic. I was 0:15:48.960 --> 0:15:51.760 never pleased with it. Um it to me, that wasn't 0:15:51.800 --> 0:15:55.920 the story, um, and fortune is such a I guess 0:15:56.040 --> 0:16:00.920 relative word. Um. I would never have characterized that. But yeah, 0:16:01.000 --> 0:16:05.680 that's publishing and uh the stories inside but so yeah 0:16:05.680 --> 0:16:07.760 and so again. So you live this in it just 0:16:07.760 --> 0:16:12.720 just the quintessential New York experience. Uh, one tragedy of 0:16:12.840 --> 0:16:15.520 after the next, one of a different kind uh than 0:16:15.600 --> 0:16:18.400 the other. And then you have your own personal one 0:16:18.520 --> 0:16:21.360 with the literally and you know you glossed over it, 0:16:21.440 --> 0:16:23.560 but you were on the ground and we're gonna have 0:16:23.600 --> 0:16:24.720 to go to break here, so I want to pick 0:16:24.760 --> 0:16:26.960 this up right after the break, Joe. But you were 0:16:27.080 --> 0:16:31.880 literally on the ground in in New York City looking 0:16:31.920 --> 0:16:35.720 down at your mangled leg um, And you know, I 0:16:35.760 --> 0:16:38.600 get chills even sort of saying that, because we all. 0:16:38.600 --> 0:16:40.760 I mean, when I ruptured my achilles, right, there's that 0:16:40.800 --> 0:16:43.080 moment where it's all surreal and it's all happened to you. 0:16:43.160 --> 0:16:44.480 This was I mean what I what happened to me 0:16:44.560 --> 0:16:46.440 is nothing would happen to you like your leg was 0:16:46.560 --> 0:16:50.240 just destroyed, and this is where it transformed. As you 0:16:50.280 --> 0:16:53.640 point out, you what if I apply these principles to 0:16:53.800 --> 0:16:56.680 my first love of sports betting. I want to get 0:16:56.680 --> 0:17:02.200 into that summer of when we when you did the 0:17:02.240 --> 0:17:05.560 betting there, and what your biggest takeaway from your experience 0:17:05.600 --> 0:17:07.919 for half a baseball season was in Las Vegas. From that, 0:17:08.480 --> 0:17:10.760 and then move on to what I think is the 0:17:10.800 --> 0:17:14.560 biggest single story, untold story in all of Las Vegas, 0:17:14.600 --> 0:17:16.840 and Joe was front lines for that has to do 0:17:16.840 --> 0:17:18.920 with a big betting company coming back right here on 0:17:18.920 --> 0:17:20.680 the numbers game at beast. In these sports betting now 0:17:21.480 --> 0:17:25.520 it is Gil Alexander live in San Francisco, San Francisco, 0:17:25.640 --> 0:17:29.359 rather doing betting profiles throughout the pandemic. So interesting that 0:17:29.440 --> 0:17:32.880 Joe Peter is right across the city for me, uh, 0:17:33.119 --> 0:17:36.479 west of where I am, and you know, we'd have 0:17:36.520 --> 0:17:38.840 to arrange to even meet each other obviously at these 0:17:38.920 --> 0:17:42.080 very strange times. But going through his story, and it 0:17:42.160 --> 0:17:45.080 just gets more fascinating, uh from here, as if you 0:17:45.080 --> 0:17:47.080 hadn't lived through enough. By the way, was the use 0:17:47.119 --> 0:17:49.399 of the word mangled appropriate when you look down at 0:17:49.440 --> 0:17:52.880 your leg when the ambulance hit you? Yes? And and 0:17:52.960 --> 0:17:56.000 you and I being of similar ages, and we certainly 0:17:56.000 --> 0:17:59.840 remember Joe thisman. I I viewed it as a Jim situation. 0:18:00.920 --> 0:18:02.800 I was. I was there for the Joe Heisman game. 0:18:02.840 --> 0:18:04.840 By the way, Yes, that was not fun. By the way, 0:18:04.840 --> 0:18:06.639 if you want to, if I can recommend anything for you, 0:18:06.680 --> 0:18:10.560 the East six the East sixty episode on Alex Smith 0:18:11.320 --> 0:18:14.600 is just a site to behold. I can't watch it, 0:18:14.800 --> 0:18:18.840 could not, will not be able to think about that. Yeah, yeah, okay, 0:18:18.840 --> 0:18:21.520 I'm recommending it to the wrong person, but anybody out there, yeah, 0:18:22.280 --> 0:18:23.600 I can tell you. By the way, and here's a 0:18:23.680 --> 0:18:26.359 ridiculous detail. But for some reason, my my dumb human 0:18:26.400 --> 0:18:28.760 brain wants to know this. What intersection was this in 0:18:28.800 --> 0:18:33.920 New York City? Oh gosh, West Broadway and Uh, Church, 0:18:34.200 --> 0:18:38.679 I think down So it was right. Uh, it was 0:18:38.760 --> 0:18:42.480 right at the corner of at the time where the 0:18:42.600 --> 0:18:47.840 proposed mosque was going to be. Um. So it was. 0:18:48.200 --> 0:18:50.560 I lived on Murray Street, right, We had an apartment 0:18:50.560 --> 0:18:53.280 on Murray Street for my work in New York, and 0:18:53.320 --> 0:18:55.560 it was just a blocks out. That's a West Broadway, 0:18:55.560 --> 0:18:57.520 and I think it was Church, which was a block 0:18:57.560 --> 0:19:01.800 south of Murray And uh. Because of the location and 0:19:01.840 --> 0:19:05.160 because of the police presence UM that was around there 0:19:05.160 --> 0:19:08.680 at the time, I was attended to very quickly um 0:19:08.800 --> 0:19:14.520 by by some city personnel. But on the other hand, 0:19:14.800 --> 0:19:17.480 it was a very uh, it was a sick It 0:19:17.560 --> 0:19:22.159 was an intersection therefore that had cameras all over um 0:19:22.280 --> 0:19:24.840 and the f d n Y claimed that there was 0:19:24.880 --> 0:19:28.440 no footage of the accident. When it came to uh 0:19:28.640 --> 0:19:36.640 discussed the legal ramifications. Yes, yeah, okay, so uh you're 0:19:36.720 --> 0:19:39.600 you're convalescing. You're like, hey, I can apply my Wall 0:19:39.600 --> 0:19:42.639 Street principles to the love of my life baseball betting. 0:19:42.680 --> 0:19:44.840 I love that as a child. It produces the book 0:19:44.880 --> 0:19:48.120 Trading Spaces and as you say, uh, a great case 0:19:48.119 --> 0:19:50.080 study for them that they were like, look, let's let's 0:19:50.119 --> 0:19:51.920 put this into action for the epilogue of the book, 0:19:52.359 --> 0:19:55.240 go to Vegas and uh put this to the test. 0:19:55.480 --> 0:19:57.119 And so you go there, and I was with you 0:19:57.160 --> 0:20:00.080 for much of this. I know you stayed. Uh, you 0:20:00.080 --> 0:20:02.480 stayed to your little kitchen at place at Trump over 0:20:02.520 --> 0:20:05.879 there and you uh, you did this every day and 0:20:05.960 --> 0:20:08.600 in the end. Um, First of all, was it a 0:20:08.640 --> 0:20:11.520 winning or losing proposition? Let's get that out of the way. Yeah, 0:20:11.560 --> 0:20:14.199 it was not. Gil. The period I was there was 0:20:14.320 --> 0:20:16.439 July four through the end of the season. I had 0:20:16.480 --> 0:20:18.840 had a great twenty eleven twelve got off to a 0:20:18.840 --> 0:20:23.040 good start, and July in the first five weeks July 0:20:23.280 --> 0:20:27.560 through the second week of August, uh was brutal. I 0:20:27.600 --> 0:20:31.880 remember it was highlighted by the very first night there 0:20:31.920 --> 0:20:36.080 with Sabathia and Rivera blowing afore nothing lead and which 0:20:36.119 --> 0:20:38.399 should have told me something. And I think it was 0:20:38.480 --> 0:20:42.160 July one, and later in in I think later in July. 0:20:42.240 --> 0:20:44.080 The low point might have been the third week in 0:20:44.200 --> 0:20:48.960 July when the nationals blue and Strasbourg on the mound 0:20:49.000 --> 0:20:52.160 blew like an eight nothing lead to the braves and 0:20:52.359 --> 0:20:56.120 that was that. That was that was the low point. 0:20:56.160 --> 0:20:58.440 So it's a very brutal rough three and a half 0:20:58.440 --> 0:21:00.720 week start. UM the got me in a hold that 0:21:00.760 --> 0:21:03.600 I didn't get out of for so which maybe, of 0:21:03.600 --> 0:21:06.000 course feel bad for the outside capital that had come 0:21:06.040 --> 0:21:10.359 in UM, and which is obviously why I don't like 0:21:10.440 --> 0:21:12.240 the title of that book either, because that was something 0:21:12.280 --> 0:21:15.080 that was never emphasized. What was really I was trying 0:21:15.119 --> 0:21:19.240 to emphasize was the building of a model UM and 0:21:19.320 --> 0:21:22.960 the like we said, the critical reasoning overlap between these 0:21:23.160 --> 0:21:27.000 UH pursuits. Yeah, I can remember a night or two. 0:21:27.080 --> 0:21:30.920 I remember once when a usually mild manner Joe Peter 0:21:31.119 --> 0:21:33.440 got into it with other people in his sports book 0:21:33.720 --> 0:21:35.480 over the outcome of a game. They had no idea. 0:21:35.520 --> 0:21:43.720 How much was writing on it for you, oh, Dan Strailing, Yeah, 0:21:43.920 --> 0:21:47.280 he got cold man, he got called up. This is 0:21:47.359 --> 0:21:49.360 this is where I'm telling because I don't think i've 0:21:49.800 --> 0:21:51.640 I think we've talked. We said it, we should tell 0:21:51.680 --> 0:21:53.720 this on the air sometime and and never did. But 0:21:53.920 --> 0:21:56.240 I'll try to make it quick, Dan Straili. This was 0:21:56.280 --> 0:21:59.399 probably August, late August, I believe, got called up by 0:21:59.440 --> 0:22:03.040 the A to make his first start, and at the 0:22:03.119 --> 0:22:06.040 time I was using a lot of minor league analytics 0:22:06.080 --> 0:22:10.000 from one of the original Baseball prospective guys play Davenport 0:22:10.640 --> 0:22:16.080 and the Numbers did not like dance trailing and it 0:22:16.320 --> 0:22:20.480 was so they were playing Toronto that night and the 0:22:20.600 --> 0:22:22.879 thing opened. I think that at the A's of like 0:22:23.440 --> 0:22:27.880 uh minus one and I'm I'm piling on Toronto. I'll 0:22:27.920 --> 0:22:29.960 tell you what, Joe, I hate to say that, I gotta, 0:22:30.000 --> 0:22:31.280 I gotta take a break. I want to tell the 0:22:31.359 --> 0:22:34.200 Dance Raili story. And I wanted to get the biggest 0:22:34.240 --> 0:22:36.359 takeaway from because I think the bigger point is your 0:22:36.359 --> 0:22:40.320 biggest takeaway from your Wall Street background of how ridiculous 0:22:40.400 --> 0:22:45.560 you found the sports betting industry in Vegas, obviously pre legalization. 0:22:45.760 --> 0:22:47.680 We'll get into that, and then the biggest story ever 0:22:47.720 --> 0:22:49.520 to coming back on a numbers game at Visa with 0:22:49.600 --> 0:22:53.480 Joe Peter right here on these Sports Betting Network with you, Alexander. 0:22:54.280 --> 0:22:57.640 A numbers game proudly brought to you by man scaped 0:22:57.840 --> 0:22:59.760 dot Com and Escape dot Com is the tools for 0:22:59.840 --> 0:23:02.760 your Emily Jules. You get plus three shipping with the 0:23:02.760 --> 0:23:05.479 code of Visa and man escaped dot Com. That's off 0:23:05.800 --> 0:23:09.399 at man escaped dot Com with promo code v s 0:23:09.440 --> 0:23:12.919 I N It's Gill Alexander Joe Peter kind enough to 0:23:13.240 --> 0:23:16.600 uh join us today on the show. The author of 0:23:16.640 --> 0:23:21.359 Trading Basses and Joe Peter's Tour Guide presents a twenty 0:23:21.480 --> 0:23:24.679 nineteen Masters preview. My goodness. We'll get to that eventually too. 0:23:24.920 --> 0:23:27.000 But let's get back into this story here. This is 0:23:27.000 --> 0:23:31.119 from This is your summer in Las Vegas betting baseball. 0:23:31.520 --> 0:23:33.560 This will start out as a very funny story but 0:23:33.600 --> 0:23:38.119 will actually lead into the broadest point that was your 0:23:38.119 --> 0:23:41.600