WEBVTT - Why No-Run First Innings Are a Trap (Ep. 165)

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<v Speaker 1>Hello everyone, and welcome on into the Betting Pros podcast.

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<v Speaker 1>For those of you who are wondering right now, hey,

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<v Speaker 1>who the heck is this new guy?

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<v Speaker 2>I'm Thomas Biola.

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<v Speaker 1>I am thrilled to be a part of the team.

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<v Speaker 1>Here ed Betting Pros. A little bit about me. I

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<v Speaker 1>am a New Jersey native who has been lucky enough

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<v Speaker 1>to make his way out to Las Vegas and the

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<v Speaker 1>wide wide world of sports betting that has erupted from that.

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<v Speaker 1>I'm a long suffering Jets fan, I'm an equally suffering

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<v Speaker 1>American lover of soccer, and most importantly of all, I'm

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<v Speaker 1>here because I want to help us all win some

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<v Speaker 1>money together. And the best way to do that, especially

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<v Speaker 1>when you are fully admitted not a sharp better like myself,

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<v Speaker 1>is to talk to some sharp betters. And today we

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<v Speaker 1>have one of the sharpest. That is none other than

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<v Speaker 1>my friend, Jason Weingarten aka spread Apedia. Jason, How are

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<v Speaker 1>you doing today?

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<v Speaker 3>Pretty good? Thanks for having me on.

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<v Speaker 1>It is a pleasure to have you. I am really

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<v Speaker 1>excited to talk with you. Be his baseball season. It

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<v Speaker 1>is in full swing now and one of the things

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<v Speaker 1>that you're seeing all across the gambling Twitter, no run first,

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<v Speaker 1>Everyone and their mother seems to be betting on these

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<v Speaker 1>nerfis right now. But I've noticed that you particularly have

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<v Speaker 1>been saying, Hey, wait a second, guys, this isn't a

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<v Speaker 1>good bet, and this is a trap that a lot

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<v Speaker 1>of betters are falling into. What is it about no

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<v Speaker 1>run first innings that makes these makes them attractive to gamblers?

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<v Speaker 1>And why is it that that is actually a flawed logic.

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<v Speaker 4>Well, yeah, I guess I shouldn't be surprised that we're

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<v Speaker 4>seeing so much attention on this kind of stuff, but

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<v Speaker 4>it always does surprise me because I don't spend a

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<v Speaker 4>lot of time on Instagram or on a lot of

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<v Speaker 4>these social media focused gambling and sort of things, and

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<v Speaker 4>I'll see it all of a sudden, I'll be like, wow, Like,

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<v Speaker 4>you know, this guy has seventeen thousand followers, this guy

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<v Speaker 4>has forty thousand followers, like, and he's just viewing constant nonsense.

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<v Speaker 4>So I'm just kind of you know, I'm in my

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<v Speaker 4>own little world when it comes to gambling, and all

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<v Speaker 4>of a sudden, I start seeing all these people talking

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<v Speaker 4>about no score first innings, and these are bets I

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<v Speaker 4>used to make when I was in college, you know,

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<v Speaker 4>which talking fifteen years ago now almost a long time ago,

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<v Speaker 4>when I was completely clueless, had no clue what I

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<v Speaker 4>was doing, and playing on a five dimes account, you know,

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<v Speaker 4>from the beach to Newport, I would bet no score

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<v Speaker 4>first innings and I would lose. I would lose all

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<v Speaker 4>the time, and I would have no clue why I

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<v Speaker 4>was losing. And it took years. It really took years

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<v Speaker 4>to figure out what I was doing wrong in that I.

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<v Speaker 3>Was being an idiot exactly.

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<v Speaker 4>But yeah, basically, these no score first inning bets are

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<v Speaker 4>very attractive because you're done after six outs and people see,

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<v Speaker 4>you know, two good pictures and they say, oh, well,

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<v Speaker 4>these guys can get six outs very quickly.

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<v Speaker 3>You know, I can.

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<v Speaker 4>I can bet this and be done in fifteen minutes.

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<v Speaker 4>But doesn't work like that. It's i mean, the first inning,

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<v Speaker 4>the first of the ninth innings, the highest scoring endings.

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<v Speaker 3>In baseball to begin with.

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<v Speaker 4>But you're getting the top of both both of the lineups,

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<v Speaker 4>and you're getting pitchers that aren't necessarily settled in you know, people,

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<v Speaker 4>people tend to have these sort of preconceived assumptions about

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<v Speaker 4>how how baseball works and how pitching works and the

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<v Speaker 4>pitchers just come out and could locate the strike zone

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<v Speaker 4>and you know, put their curveball where they want it

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<v Speaker 4>on the first pitch of the game. It's it doesn't

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<v Speaker 4>work like that.

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<v Speaker 1>You know.

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<v Speaker 3>Some guys need need a couple of pitches.

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<v Speaker 4>Some guys need twenty pitches to kind of feel their

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<v Speaker 4>groove and you know, get the ball moving the way

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<v Speaker 4>they like it. And again, you're you're getting the top

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<v Speaker 4>of both teams lineups, their best three hitters. And if

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<v Speaker 4>you're not batting your best three hitters and top of

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<v Speaker 4>the lineup, you're, you know, you're doing it wrong. And

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<v Speaker 4>you know, roster construction, lineup construction. So I really think

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<v Speaker 4>that people are just being taught the wrong things. And

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<v Speaker 4>I mean literally, it's it's like the blind leading the blind.

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<v Speaker 4>You're you're listening to someone who's clueless telling you to

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<v Speaker 4>do something something negative, ev that you have no clue

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<v Speaker 4>you know what to do in the first place, and

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<v Speaker 4>you're laying a price or almost always laying one twenty

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<v Speaker 4>one thirty one forty. I mean, I've seen people, you know,

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<v Speaker 4>laying minus one seventies and losing it and betting it again,

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<v Speaker 4>you know, and telling the problem I have, you know,

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<v Speaker 4>just to sort of clarify, I'm not telling you don't

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<v Speaker 4>bet whatever you want.

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<v Speaker 3>Hey, it's your life, it's your money, and you want

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<v Speaker 3>to be stupid, you know.

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<v Speaker 4>I'm not here to tell you, you.

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<v Speaker 3>Know what, what to have fun on.

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<v Speaker 4>You know, it's your your Your betting experience is your

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<v Speaker 4>betting experience. But the reason I bring this up, and

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<v Speaker 4>I talked about it on Twitter mostly is because when

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<v Speaker 4>you have a platform and you work for a large company,

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<v Speaker 4>you either work for a media company or you work

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<v Speaker 4>for a book, you know, and you're putting out content

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<v Speaker 4>on behalf of them, and you're teaching people bad habits.

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<v Speaker 4>You're teaching them the incorrect way of doing things.

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<v Speaker 3>It's one thing to harm yourself.

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<v Speaker 4>I don't have a problem if you're gonna lose your

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<v Speaker 4>own money, but when you start losing other people's money

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<v Speaker 4>and making a game of it and and telling them,

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<v Speaker 4>you know that that that this is fun and this

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<v Speaker 4>is a good way to sweat baseball, you know, I'm

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<v Speaker 4>I'm definitely slightly judging these people the same way I

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<v Speaker 4>judge people that bet the field on a craps table,

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<v Speaker 4>you know. Or it's just it's it's it's stupid, bad gambling,

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<v Speaker 4>and you shouldn't be teaching other people to be stupid.

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<v Speaker 4>You want to do it, do it yourself. But encouraging

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<v Speaker 4>other people is where I draw the line.

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<v Speaker 1>I completely feel the same way I as someone who

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<v Speaker 1>is in a media company and is supposed to be

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<v Speaker 1>giving people bets and trying to make people money. I

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<v Speaker 1>don't care if I lose every last time that I

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<v Speaker 1>have gambling. I mean I do care. That would be

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<v Speaker 1>very suboptimal. But I take it way more personally because

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<v Speaker 1>I am giving other people advice. There are people who

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<v Speaker 1>are coming to this platform that are looking for good bets,

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<v Speaker 1>that are looking for sound advice so that they can

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<v Speaker 1>go out and try and make money. It would be

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<v Speaker 1>predatory not to be trying to give them the best

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<v Speaker 1>advice I can. And you break down no run first innings,

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<v Speaker 1>and I believe you look at it and the number

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<v Speaker 1>is actually something like there's a run fifty three percent

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<v Speaker 1>of the time in the first inning.

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<v Speaker 4>I think it's closer closer to fifty one, forty nine

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<v Speaker 4>to fifty one. It depends what the situation is, but yeah,

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<v Speaker 4>in general, you're gonna score a run on the first ning.

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<v Speaker 4>More often than not. And it's a price thing. A

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<v Speaker 4>lot of it's price things. So if you were to

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<v Speaker 4>tell me that I was getting, you know, plus one

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<v Speaker 4>fifty or plus one twenty five even on every no

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<v Speaker 4>score like, it's a different conversation. But exactly a lot

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<v Speaker 4>of these people who are giving out these bets are

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<v Speaker 4>are not price sensitive at all. You know, they have

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<v Speaker 4>no idea that it might be a good bet at

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<v Speaker 4>minus one twenty and be a bad bet at minus

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<v Speaker 4>one thirty or minus one thirty five or whatever number

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<v Speaker 4>they're giving it out at. And that's the problem is

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<v Speaker 4>you're either clueless or you're you know, you're doing this

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<v Speaker 4>on purpose.

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<v Speaker 3>You know you're you're you're you're doing this knowing that

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<v Speaker 3>you're wrong.

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<v Speaker 4>I don't. I mean, obviously one is worse than the other,

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<v Speaker 4>but both are bad.

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<v Speaker 3>And I pointed this out the first time. I talked

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<v Speaker 3>about it too.

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<v Speaker 4>But it's not just the content creators that that this

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<v Speaker 4>is an issue.

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<v Speaker 3>This means that everybody in.

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<v Speaker 4>The entire chain, the editors, the the you know, the

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<v Speaker 4>people on the tech side, and not a single person

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<v Speaker 4>is willing to say, hey, man, I think some of

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<v Speaker 4>this information we're giving out is you know incorrect, And

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<v Speaker 4>I mean it's it's not a single person failure. It's

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<v Speaker 4>a failure of you know, multiple people, and nobody's willing

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<v Speaker 4>to point out.

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<v Speaker 3>That you know, you can give out that gambling advice.

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<v Speaker 1>I mean, it's it's much more of an industry wide issue,

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<v Speaker 1>especially on this side, because we people are trying to

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<v Speaker 1>give out picks. You're if you're a novice, better who's

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<v Speaker 1>just going Okay, I'm getting started. I'm trying to figure

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<v Speaker 1>out where to go, who to follow because I don't

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<v Speaker 1>really have my own opinions yet.

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<v Speaker 2>I'm just getting into this.

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<v Speaker 3>You don't.

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<v Speaker 1>There's no system for going, oh wait, this guy knows

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<v Speaker 1>what he's talking about versus this guy who doesn't. Because

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<v Speaker 1>you're a novice, you you don't know the answers to that.

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<v Speaker 1>Everybody just seems like they're giving out stuff and you're like, Okay, well,

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<v Speaker 1>I'm just gonna believe this guy, and you're picking someone

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<v Speaker 1>at random.

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<v Speaker 2>And that's how.

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<v Speaker 1>Betters can fall into another huge trap, which are touts.

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<v Speaker 1>And we've seen that so many times. I mean, we

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<v Speaker 1>all know the stories and one of the most famous

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<v Speaker 1>ones that there is. It blows your mind because you

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<v Speaker 1>go how on earth are people falling for this? It's

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<v Speaker 1>a scam, but they they just don't know.

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<v Speaker 4>Well, I think a lot of it people want to

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<v Speaker 4>offload the risk of winning to somebody else. Same thing

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<v Speaker 4>when you invest in a hedge funder, you invest with

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<v Speaker 4>an investment manager. It's not it's no longer your responsibility

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<v Speaker 4>whether you win lose the person that you're paying and

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<v Speaker 4>you know you've you've basically you know, you know, you

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<v Speaker 4>just don't have that responsibility anymore. It's it's it's a

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<v Speaker 4>great psychological thing for a lot of people, and all

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<v Speaker 4>they're looking for is to win.

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<v Speaker 3>They don't want to they don't want to learn.

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<v Speaker 4>You know, there's a difference between wanting to learn to

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<v Speaker 4>be a better gambler and buying picks and plugging the

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<v Speaker 4>picks into your accounts and you know, my guy wins,

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<v Speaker 4>my guy loses, but you.

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<v Speaker 3>Have no clue what you're doing.

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<v Speaker 4>And a lot of those people and I think one

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<v Speaker 4>of the hardest things about you know, selling picks or

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<v Speaker 4>even having a social media following and giving out picks

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<v Speaker 4>for free.

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<v Speaker 3>If you like something, even.

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<v Speaker 4>A prop you know, I like, I'll give you actually

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<v Speaker 4>a real example earlier this week, I was like, I

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<v Speaker 4>like Alex Cobb to have over strikeouts at you know,

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<v Speaker 4>on the prop builder, at every alternate number on the over,

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<v Speaker 4>and he ended up getting hurt and getting pulled with

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<v Speaker 4>four strikeouts, so they all ended up losing.

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<v Speaker 3>But you could bet from five.

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<v Speaker 4>It was like five, six, seven, eight, nine to ten

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<v Speaker 4>or something, and ten was thirty to one, and he

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<v Speaker 4>had he had pitched a ten strikeout game in his

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<v Speaker 4>first game of the season. So I just tweeted out

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<v Speaker 4>with a screenshot like, look like thirty to one. I

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<v Speaker 4>have an eight dollars limit on this, so I'm just

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<v Speaker 4>going to tweet it out to tell people, you know,

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<v Speaker 4>what a good bet this is if they can bet it.

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<v Speaker 4>You know, one hundred bucks at thirty to one's a nice,

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<v Speaker 4>you know, nice return on a guy getting ten strikeouts.

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<v Speaker 3>So I tweeted it out.

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<v Speaker 4>A couple of minutes later, without me even betting on it,

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<v Speaker 4>it had been bet down to fifteen to one, which

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<v Speaker 4>again it probably didn't take a ton of money to

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<v Speaker 4>do that. But when you give out good bets, the

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<v Speaker 4>line moves, and when you're when you're getting paid to

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<v Speaker 4>give out bets and the line moves, your customers are

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<v Speaker 4>getting a worse line, and it's it's not fair to

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<v Speaker 4>them to do that number one, number two.

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<v Speaker 3>Even if you tell people you know, this is no

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<v Speaker 3>longer a bet past you.

0:11:00.160 --> 0:11:02.599
<v Speaker 4>Know, minus one twenty or minus whatever, just make it

0:11:02.679 --> 0:11:04.840
<v Speaker 4>up a number, the people are still gonna bet it

0:11:05.120 --> 0:11:08.880
<v Speaker 4>like and that it does not matter what you tell them.

0:11:09.120 --> 0:11:11.160
<v Speaker 4>The people are still say, oh, I'm only getting five

0:11:11.160 --> 0:11:13.080
<v Speaker 4>cents words, I'm only getting ten cents worths that I

0:11:13.120 --> 0:11:14.040
<v Speaker 4>still want the action.

0:11:14.679 --> 0:11:15.959
<v Speaker 3>There's nothing you can do about that.

0:11:17.360 --> 0:11:19.600
<v Speaker 4>They don't understand that over time, they're gonna end up

0:11:19.640 --> 0:11:23.280
<v Speaker 4>losing money when you're winning money because of the price differences.

0:11:23.960 --> 0:11:24.160
<v Speaker 3>Uh.

0:11:24.200 --> 0:11:26.959
<v Speaker 4>And then the third thing is, you know, and then

0:11:26.960 --> 0:11:30.280
<v Speaker 4>this is really going to the Springer Taut flow chart.

0:11:30.440 --> 0:11:36.559
<v Speaker 4>But if you're not moving the market yourself, then why

0:11:36.559 --> 0:11:39.040
<v Speaker 4>should anybody else want to buy your picks? You know

0:11:39.120 --> 0:11:42.199
<v Speaker 4>if if if the market doesn't respect your picks, then

0:11:42.600 --> 0:11:43.160
<v Speaker 4>what's the point?

0:11:43.240 --> 0:11:43.400
<v Speaker 3>You know.

0:11:43.800 --> 0:11:47.880
<v Speaker 4>So there's there's a lot of issues with touts that,

0:11:47.960 --> 0:11:50.679
<v Speaker 4>I mean, it could be a three hour podcast just

0:11:50.720 --> 0:11:51.720
<v Speaker 4>talking about.

0:11:51.400 --> 0:11:53.000
<v Speaker 3>This this particular subject.

0:11:53.000 --> 0:11:56.240
<v Speaker 4>But the main issue that I want to point out

0:11:56.280 --> 0:11:59.959
<v Speaker 4>with with touts, I think is to at least educate

0:12:00.240 --> 0:12:03.720
<v Speaker 4>the audience that if somebody is charging fifty dollars a

0:12:03.760 --> 0:12:06.440
<v Speaker 4>month for the information or one hundred dollars a month,

0:12:07.160 --> 0:12:08.280
<v Speaker 4>they are.

0:12:08.200 --> 0:12:09.600
<v Speaker 3>Probably not a winning better.

0:12:10.559 --> 0:12:12.240
<v Speaker 4>And I don't mean this to be me and to

0:12:12.280 --> 0:12:14.920
<v Speaker 4>any people that are charging low prices, but if you

0:12:14.960 --> 0:12:17.560
<v Speaker 4>don't value your work more than one hundred dollars a month,

0:12:17.840 --> 0:12:23.840
<v Speaker 4>I mean, what what sort of economics in this gambling

0:12:23.880 --> 0:12:26.120
<v Speaker 4>business would make sense to sell this information for one

0:12:26.160 --> 0:12:29.040
<v Speaker 4>hundred dollars. I want to sell my bets for tens

0:12:29.040 --> 0:12:32.560
<v Speaker 4>of thousands of dollars. If somebody wants wants, you know,

0:12:32.840 --> 0:12:35.720
<v Speaker 4>day to day access to me and discuss, you know,

0:12:35.800 --> 0:12:37.720
<v Speaker 4>to talk to me all the time, I mean, it's

0:12:37.760 --> 0:12:40.040
<v Speaker 4>worth real money. So if you're not valuing, if the

0:12:40.120 --> 0:12:44.520
<v Speaker 4>tout himself isn't valuing his information, you know, and obviously

0:12:44.559 --> 0:12:45.880
<v Speaker 4>they're gonna say, well, I want to get it out

0:12:45.920 --> 0:12:47.280
<v Speaker 4>to more people and this and that.

0:12:47.480 --> 0:12:50.600
<v Speaker 3>Okay, But then it goes back to the flow chart.

0:12:50.679 --> 0:12:53.240
<v Speaker 4>If you're getting out to more people less money, the

0:12:53.240 --> 0:12:55.920
<v Speaker 4>market's either not respecting your opinion or you're killing.

0:12:55.760 --> 0:12:57.080
<v Speaker 3>The number before it's going out.

0:12:57.160 --> 0:13:02.000
<v Speaker 4>So you know, they're very very few situations where I

0:13:02.000 --> 0:13:06.800
<v Speaker 4>think paying for information makes sense and truthfully, at one

0:13:06.840 --> 0:13:10.160
<v Speaker 4>point or another, everybody's gonna end up paying for some picks.

0:13:10.200 --> 0:13:13.040
<v Speaker 4>You know, I myself am guilty of that. It was

0:13:13.280 --> 0:13:15.360
<v Speaker 4>fifteen years ago. I was in college. I had no

0:13:15.400 --> 0:13:19.640
<v Speaker 4>clue what I was doing. But you know, you're gonna

0:13:19.760 --> 0:13:22.400
<v Speaker 4>buy a pick, you're gonna buy a package or whatever,

0:13:22.480 --> 0:13:26.200
<v Speaker 4>and you'll you'll learn from the experience. But my advice

0:13:26.360 --> 0:13:28.679
<v Speaker 4>is that if you're buying something for fifty dollars or

0:13:28.679 --> 0:13:31.320
<v Speaker 4>one hundred dollars, you might win a couple of games.

0:13:31.320 --> 0:13:33.640
<v Speaker 4>It might might be worth the action, you know, just

0:13:33.679 --> 0:13:38.280
<v Speaker 4>from getting getting action standpoint, But just keep in mind

0:13:38.360 --> 0:13:42.120
<v Speaker 4>that the person you're buying from doesn't value their information

0:13:42.280 --> 0:13:44.920
<v Speaker 4>enough to bet it enough to move the market, or

0:13:44.960 --> 0:13:47.960
<v Speaker 4>the market doesn't respect them, and that they don't respect

0:13:48.360 --> 0:13:51.000
<v Speaker 4>enough to charge, you know, hundreds, if not thousands of

0:13:51.040 --> 0:13:53.320
<v Speaker 4>dollars for it. So you know, you get what you

0:13:53.360 --> 0:13:56.600
<v Speaker 4>pay for. And that's that's my towt Brant.

0:13:57.640 --> 0:14:00.800
<v Speaker 1>And the other factor there is if you are paying

0:14:00.840 --> 0:14:05.040
<v Speaker 1>for this information, then you also in order to turn

0:14:05.040 --> 0:14:07.760
<v Speaker 1>a profit, because you're already down one hundred bucks or

0:14:07.760 --> 0:14:10.920
<v Speaker 1>fifty bucks or whatever you're paying for that price. You're

0:14:10.960 --> 0:14:13.599
<v Speaker 1>down that money to start, which means you need to

0:14:13.640 --> 0:14:16.400
<v Speaker 1>hit at a higher percentage just to break even anyway,

0:14:16.480 --> 0:14:18.360
<v Speaker 1>So you're just making it even harder for yourself.

0:14:18.679 --> 0:14:21.400
<v Speaker 4>Absolutely, And I mean there's a there's a tout calculator

0:14:21.440 --> 0:14:24.680
<v Speaker 4>that shows you what, you know, if you're paying this much,

0:14:25.200 --> 0:14:27.040
<v Speaker 4>how much you have to win at what percent to

0:14:27.080 --> 0:14:31.280
<v Speaker 4>break even? And like I said, if if the person

0:14:31.400 --> 0:14:35.200
<v Speaker 4>selling the picks could make money, they would already have

0:14:35.640 --> 0:14:38.880
<v Speaker 4>you know, they would have people backing them. If they don't,

0:14:38.920 --> 0:14:42.360
<v Speaker 4>if they're under capitalized. If look, if you're if you're

0:14:42.440 --> 0:14:46.560
<v Speaker 4>successful in anything in gambling, whether it's NFL or NFL

0:14:46.640 --> 0:14:50.120
<v Speaker 4>props or baseball baseball props, all the way down to

0:14:50.920 --> 0:14:56.200
<v Speaker 4>you know, USL soccer and Minor League UFC and minor

0:14:56.280 --> 0:15:01.360
<v Speaker 4>league baseball and whatever obscure market, you're good. If you

0:15:01.560 --> 0:15:05.080
<v Speaker 4>can win and win, you know, sustainably in long term,

0:15:05.520 --> 0:15:06.640
<v Speaker 4>people will find you.

0:15:06.680 --> 0:15:09.920
<v Speaker 3>And if you don't have money, you know, there are plenty.

0:15:09.640 --> 0:15:12.840
<v Speaker 4>Of people out there who will gladly throw money at

0:15:12.840 --> 0:15:17.320
<v Speaker 4>you if you're a winner. Touting is is does not

0:15:17.440 --> 0:15:22.320
<v Speaker 4>make sense in very many cases. There are obviously always exceptions,

0:15:22.320 --> 0:15:24.680
<v Speaker 4>and there are you know, I know I know several

0:15:24.680 --> 0:15:28.680
<v Speaker 4>people who do it fairly successfully and you know, as

0:15:28.680 --> 0:15:32.240
<v Speaker 4>fairly as possible. And you know, obviously getting into the

0:15:32.720 --> 0:15:35.760
<v Speaker 4>tout world is a personal decision, and some people do

0:15:35.840 --> 0:15:40.000
<v Speaker 4>it because they're they're not as you know, aggressive with risk,

0:15:40.120 --> 0:15:43.440
<v Speaker 4>as you know, other other people might be. Some people

0:15:43.560 --> 0:15:47.560
<v Speaker 4>like you know, some people like the having the customers

0:15:47.560 --> 0:15:49.000
<v Speaker 4>and the fans, and some.

0:15:48.880 --> 0:15:51.360
<v Speaker 3>People do it because it's a good way to book people.

0:15:51.720 --> 0:15:54.080
<v Speaker 4>Like you know, you charge fifty bucks or one hundred

0:15:54.120 --> 0:15:56.120
<v Speaker 4>bucks for tout information, you get a whole bunch of

0:15:56.120 --> 0:15:58.680
<v Speaker 4>gamblers signed up, and then you could book them on

0:15:58.760 --> 0:16:00.280
<v Speaker 4>a you know, like like you and things.

0:16:00.320 --> 0:16:02.040
<v Speaker 3>Stuff like that happens happens all the time.

0:16:03.440 --> 0:16:05.840
<v Speaker 4>So I mean there's there's a lot of ways, a

0:16:05.840 --> 0:16:08.800
<v Speaker 4>lot of different ways to make money in the gambling world.

0:16:08.840 --> 0:16:11.080
<v Speaker 4>And I think that's what draws a lot of the

0:16:11.640 --> 0:16:16.080
<v Speaker 4>personalities to it, is you can you have the flexibility

0:16:16.120 --> 0:16:18.960
<v Speaker 4>to make money in so many different ways. But I

0:16:19.000 --> 0:16:23.240
<v Speaker 4>think Taudy it is is, you know, not one of

0:16:23.280 --> 0:16:25.400
<v Speaker 4>the best. I think there are way better avenues for

0:16:25.440 --> 0:16:27.440
<v Speaker 4>making money in this business.

0:16:27.960 --> 0:16:32.320
<v Speaker 1>Now, another point that you brought up was the number

0:16:32.400 --> 0:16:34.920
<v Speaker 1>moving on people and them not realizing that the price

0:16:35.000 --> 0:16:38.160
<v Speaker 1>they're getting a bet at is a bad price. One

0:16:38.160 --> 0:16:41.640
<v Speaker 1>of the biggest traps that betters fall into, that old

0:16:41.680 --> 0:16:44.960
<v Speaker 1>saying you're not paying juice if you're winning. That's the

0:16:45.120 --> 0:16:49.000
<v Speaker 1>most erroneous saying in sports betting. I feel like line

0:16:49.040 --> 0:16:51.720
<v Speaker 1>shopping is one of the most important things you can do.

0:16:52.880 --> 0:16:55.920
<v Speaker 1>I try to never and granted for some betters, like

0:16:55.960 --> 0:16:59.160
<v Speaker 1>if you're betting ten twenty bucks a game and no

0:16:59.720 --> 0:17:02.400
<v Speaker 1>price with that, I'm not trying to unit shame anybody here,

0:17:02.840 --> 0:17:06.680
<v Speaker 1>But if that's what you're betting, then okay, maybe five

0:17:06.760 --> 0:17:09.840
<v Speaker 1>cents of jews doesn't shake out to too much for you,

0:17:10.480 --> 0:17:15.159
<v Speaker 1>But as a practice anyway, it is good to just

0:17:15.200 --> 0:17:17.560
<v Speaker 1>be going, okay, I want to bet on this game.

0:17:17.640 --> 0:17:18.520
<v Speaker 2>Let me see what the line is.

0:17:18.520 --> 0:17:21.280
<v Speaker 4>It this ten twenty dollars and you're not pretty sensitive.

0:17:21.320 --> 0:17:23.440
<v Speaker 4>What you're doing is you're creating a bad habit that's

0:17:23.480 --> 0:17:26.159
<v Speaker 4>going to be harder to break when you decide to

0:17:26.280 --> 0:17:29.200
<v Speaker 4>up your unit to fifty dollars or one hundred dollars

0:17:29.240 --> 0:17:32.200
<v Speaker 4>or whatever whatever you get to, and eventually it'll add

0:17:32.280 --> 0:17:35.959
<v Speaker 4>up to losing money. And one of the things I've

0:17:36.080 --> 0:17:39.800
<v Speaker 4>said a lot recently is that being successful and gambling

0:17:39.920 --> 0:17:42.520
<v Speaker 4>a lot of times I mean, obviously it has to

0:17:42.560 --> 0:17:46.199
<v Speaker 4>do with working hard and you know, betting good numbers

0:17:46.240 --> 0:17:47.520
<v Speaker 4>and knowing what you're doing, et cetera.

0:17:47.680 --> 0:17:51.399
<v Speaker 3>But a lot of gambling is discipline.

0:17:51.320 --> 0:17:56.320
<v Speaker 4>And you know, unlearning bad habits, I think is the

0:17:56.400 --> 0:18:00.320
<v Speaker 4>hardest thing that novice and new gamblers have to deal

0:18:00.359 --> 0:18:03.879
<v Speaker 4>with that they're you know, if you learn the wrong

0:18:03.920 --> 0:18:07.200
<v Speaker 4>way or a bad way of doing things, it's gonna

0:18:07.240 --> 0:18:10.520
<v Speaker 4>take a lot of work to break that habit, just

0:18:10.560 --> 0:18:11.840
<v Speaker 4>like break in any bad habit.

0:18:11.880 --> 0:18:17.560
<v Speaker 1>Well, I definitely personally fell into this habit just a

0:18:17.560 --> 0:18:19.840
<v Speaker 1>little bit when I got started out because I said, Okay,

0:18:19.960 --> 0:18:22.400
<v Speaker 1>I have money loaded up into one account, so that's

0:18:22.440 --> 0:18:24.160
<v Speaker 1>the account I'm going to bet on. And I get

0:18:24.160 --> 0:18:26.800
<v Speaker 1>that for new betters, maybe you don't want to have

0:18:26.840 --> 0:18:30.239
<v Speaker 1>accounts everywhere. It's a matter of convenience there, but at

0:18:30.320 --> 0:18:34.120
<v Speaker 1>least being aware and getting into that practice is so crucial.

0:18:34.680 --> 0:18:38.400
<v Speaker 1>I haven't even upped my unit play that much over

0:18:38.440 --> 0:18:41.480
<v Speaker 1>the course of my betting career, but I still as

0:18:41.640 --> 0:18:44.960
<v Speaker 1>a habit, you have to know, let me go line shopping,

0:18:45.040 --> 0:18:46.959
<v Speaker 1>let me go and see what these lines are elsewhere,

0:18:46.960 --> 0:18:49.480
<v Speaker 1>and you don't even need to have a you know,

0:18:49.480 --> 0:18:51.439
<v Speaker 1>you don't even need to have an account with every

0:18:51.520 --> 0:18:53.360
<v Speaker 1>book to go do that as a matter of fact,

0:18:53.400 --> 0:18:56.280
<v Speaker 1>and here comes the plug. You can do that using

0:18:56.320 --> 0:18:59.720
<v Speaker 1>the Betting Pros app. If you go online, download the

0:18:59.760 --> 0:19:02.760
<v Speaker 1>app right now. If you're looking for free picks advice

0:19:02.880 --> 0:19:05.200
<v Speaker 1>bettingpros dot com, we have you covered with tips from

0:19:05.200 --> 0:19:07.160
<v Speaker 1>over one hundred and fifty experts to make it easy

0:19:07.160 --> 0:19:09.600
<v Speaker 1>for you to cash out. Download the app to get

0:19:09.640 --> 0:19:11.600
<v Speaker 1>sports betting alerts, and this is the big part. You'll

0:19:11.640 --> 0:19:15.400
<v Speaker 1>get notified a favorablets based online movements, consensus picks from

0:19:15.480 --> 0:19:19.080
<v Speaker 1>some accurate experts around the industry, and vetted systems in play.

0:19:19.440 --> 0:19:22.400
<v Speaker 1>Betting Pros monitors all of the major sports books, most

0:19:22.440 --> 0:19:25.560
<v Speaker 1>accurate experts, and top systems to identify the best betting opportunities.

0:19:25.560 --> 0:19:28.359
<v Speaker 1>Download today in the Apple or Google Play stores. And

0:19:28.400 --> 0:19:33.080
<v Speaker 1>the important thing there is Betting Pros has a Betting

0:19:33.080 --> 0:19:35.359
<v Speaker 1>Pros has a feature where you can just go and

0:19:35.400 --> 0:19:39.080
<v Speaker 1>compare lines from across a bunch of different books, both

0:19:39.119 --> 0:19:42.399
<v Speaker 1>in Vegas and throughout the country. And that is just

0:19:42.480 --> 0:19:44.800
<v Speaker 1>so convenient. That is one of those awesome tools that

0:19:44.840 --> 0:19:47.359
<v Speaker 1>you can go and use. And even if you're not

0:19:47.400 --> 0:19:47.600
<v Speaker 1>going to.

0:19:47.680 --> 0:19:49.320
<v Speaker 2>Use our tool, I hope you use our tool.

0:19:49.359 --> 0:19:52.480
<v Speaker 1>But even if you're not going to go and check

0:19:52.480 --> 0:19:54.800
<v Speaker 1>stuff like that, like that out because it is a

0:19:54.920 --> 0:19:57.960
<v Speaker 1>convenient way to see that you're getting.

0:19:57.760 --> 0:20:00.560
<v Speaker 2>The best line somewhere, and that's so important. Jason.

0:20:00.560 --> 0:20:01.879
<v Speaker 1>The next thing that I wanted to ask you, what

0:20:02.119 --> 0:20:06.040
<v Speaker 1>are some of the other mistakes that betters typically make

0:20:06.080 --> 0:20:08.640
<v Speaker 1>when they're just starting out that maybe we haven't covered

0:20:08.640 --> 0:20:09.200
<v Speaker 1>here so far.

0:20:10.240 --> 0:20:14.359
<v Speaker 4>Well, there's, uh, there's plenty of things to look for,

0:20:14.600 --> 0:20:19.040
<v Speaker 4>especially with baseball when you're getting content, and you know,

0:20:19.080 --> 0:20:21.720
<v Speaker 4>one of the things I've talked about before, it's just

0:20:21.760 --> 0:20:26.760
<v Speaker 4>there's there's so much content out there, Like there's just

0:20:26.840 --> 0:20:31.080
<v Speaker 4>bound to be bad content by just by definition of

0:20:31.240 --> 0:20:34.919
<v Speaker 4>how much there is, and it sucks.

0:20:34.920 --> 0:20:35.359
<v Speaker 3>I get it.

0:20:35.440 --> 0:20:38.800
<v Speaker 4>Like there's there's so many hours to fill and so

0:20:38.920 --> 0:20:42.280
<v Speaker 4>much stuff to do that sometimes some some incorrect info

0:20:42.400 --> 0:20:45.280
<v Speaker 4>is gonna get through, And a lot of times it's

0:20:45.359 --> 0:20:50.280
<v Speaker 4>not necessarily somebody trying to to be bad. They just

0:20:50.280 --> 0:20:52.440
<v Speaker 4>don't know any better, and no one's ever corrected them

0:20:52.440 --> 0:20:55.360
<v Speaker 4>and told them, hey, that's not the way to do things.

0:20:55.920 --> 0:20:58.040
<v Speaker 3>So, like one one thing I see a.

0:20:57.960 --> 0:21:02.439
<v Speaker 4>Lot of is uh uh, you know, an analyst or

0:21:03.040 --> 0:21:06.000
<v Speaker 4>a host on a show, say I don't want to

0:21:06.080 --> 0:21:09.600
<v Speaker 4>lay minus two fifty with the Dodgers today, but I'm

0:21:09.640 --> 0:21:13.040
<v Speaker 4>comfortable laying the Dodgers minus one and a half on

0:21:13.080 --> 0:21:13.920
<v Speaker 4>the run line.

0:21:14.480 --> 0:21:17.320
<v Speaker 3>That's that's somebody who doesn't know what they're doing.

0:21:17.440 --> 0:21:21.320
<v Speaker 4>They think they're getting value, you know, laying one and

0:21:21.320 --> 0:21:25.879
<v Speaker 4>a half at a lower number. It's not how baseball works.

0:21:25.920 --> 0:21:28.800
<v Speaker 4>Like you know, the amount of times I've laid a

0:21:28.880 --> 0:21:31.679
<v Speaker 4>huge favorite and one by one run and you know,

0:21:31.800 --> 0:21:34.800
<v Speaker 4>versus the amount of times i've you know, I want

0:21:34.800 --> 0:21:36.359
<v Speaker 4>to run line and I don't. I don't bet, you know,

0:21:36.400 --> 0:21:39.040
<v Speaker 4>I don't necessarily bet the run line when I bet

0:21:39.080 --> 0:21:42.000
<v Speaker 4>the money line. Actually bet very few run lines, you know,

0:21:42.240 --> 0:21:46.760
<v Speaker 4>probably one of the smallest you know markets, I do, actually,

0:21:48.920 --> 0:21:51.720
<v Speaker 4>But but I I think that's that's a huge thing.

0:21:52.119 --> 0:21:55.280
<v Speaker 4>When you see somebody saying bet the run line because

0:21:55.280 --> 0:21:58.640
<v Speaker 4>it's cheaper, that's probably somebody you don't want to take

0:21:58.640 --> 0:22:00.440
<v Speaker 4>advice from them because they don't have any clue what

0:22:00.480 --> 0:22:04.199
<v Speaker 4>they're doing. Then there's the batter versus pitcher people. And

0:22:04.240 --> 0:22:06.080
<v Speaker 4>I think a lot of this has to do with

0:22:06.640 --> 0:22:10.520
<v Speaker 4>prop betting, and a lot of the legal books have

0:22:11.359 --> 0:22:14.720
<v Speaker 4>you know, an emphasis on offering as many markets as

0:22:14.760 --> 0:22:19.080
<v Speaker 4>they can, so you know, unheard of if you if

0:22:19.080 --> 0:22:23.200
<v Speaker 4>you go through a menu for a lot of these sites,

0:22:23.200 --> 0:22:27.280
<v Speaker 4>the DraftKings, a FanDuel at MGM. Mostly I'm talking about

0:22:27.280 --> 0:22:30.439
<v Speaker 4>non Novada books, but if you go through some of

0:22:30.440 --> 0:22:33.920
<v Speaker 4>these legal apps during a game, like you could bet

0:22:33.960 --> 0:22:35.120
<v Speaker 4>on every pitch, you.

0:22:35.080 --> 0:22:37.399
<v Speaker 3>Could bet on every player to hit a home run.

0:22:38.680 --> 0:22:42.440
<v Speaker 4>The depth of the offerings at these legal books are

0:22:43.600 --> 0:22:46.639
<v Speaker 4>so much deeper than anything we were dealing with in

0:22:46.680 --> 0:22:49.920
<v Speaker 4>the past couple of years, you know, in the old

0:22:49.960 --> 0:22:55.080
<v Speaker 4>gambling world. So with these these deep, deep markets, you

0:22:55.160 --> 0:22:58.800
<v Speaker 4>have a lot of people coming over from fantasy or

0:22:58.880 --> 0:23:02.440
<v Speaker 4>DFS or that have a background and you know something else,

0:23:02.560 --> 0:23:07.000
<v Speaker 4>not necessarily you know, sports betting, but sports, you know,

0:23:07.560 --> 0:23:12.600
<v Speaker 4>some sports adjacent stuff, and they're very into these prop markets.

0:23:13.600 --> 0:23:16.520
<v Speaker 4>A lot of a lot of people just specialize in

0:23:17.680 --> 0:23:20.440
<v Speaker 4>talking about props, football props, baseball props.

0:23:20.160 --> 0:23:21.960
<v Speaker 3>Whatever, and they win a lot.

0:23:22.359 --> 0:23:24.440
<v Speaker 4>And you know, the thing is is if you really

0:23:24.600 --> 0:23:26.480
<v Speaker 4>win a lot on props, a lot of these books

0:23:26.520 --> 0:23:29.879
<v Speaker 4>are gonna limit you pretty quickly if you're not giving.

0:23:29.640 --> 0:23:32.560
<v Speaker 3>Them action on you know, NFL sides and totals.

0:23:32.600 --> 0:23:34.320
<v Speaker 4>And even if you are, you might still get limited

0:23:34.359 --> 0:23:37.480
<v Speaker 4>because they just don't want the prop action you know,

0:23:37.560 --> 0:23:42.600
<v Speaker 4>from from known sharps. But you know, you get these

0:23:42.640 --> 0:23:47.120
<v Speaker 4>people who who not only bet props, but a lot

0:23:47.119 --> 0:23:49.439
<v Speaker 4>of touts think they need to put a lot of

0:23:49.480 --> 0:23:53.320
<v Speaker 4>analysis behind their picks, and that people want a paragraph

0:23:53.720 --> 0:23:57.880
<v Speaker 4>justification behind everything. And that's something I've never been good at,

0:23:57.920 --> 0:24:00.320
<v Speaker 4>because you know, I make a bet zones like why

0:24:00.320 --> 0:24:02.480
<v Speaker 4>do you like this bad? Because I like the number,

0:24:02.720 --> 0:24:04.920
<v Speaker 4>you know, because the number was was higher than what

0:24:05.000 --> 0:24:08.920
<v Speaker 4>I thought it should be. I can't elaborate a paragraph

0:24:09.000 --> 0:24:12.120
<v Speaker 4>or two paragraphs on that answer. I could just tell

0:24:12.160 --> 0:24:15.119
<v Speaker 4>you because the number was not what I thought it was,

0:24:15.480 --> 0:24:16.560
<v Speaker 4>you know, or what.

0:24:16.560 --> 0:24:20.080
<v Speaker 3>I think it should be. That's the answer a lot

0:24:20.119 --> 0:24:20.600
<v Speaker 3>of the time.

0:24:21.200 --> 0:24:24.399
<v Speaker 1>And and when you when you talk about the number

0:24:24.480 --> 0:24:27.080
<v Speaker 1>isn't what I thought it was, it's not so much

0:24:27.119 --> 0:24:30.439
<v Speaker 1>that there's a system there. It's that this is years

0:24:30.440 --> 0:24:33.119
<v Speaker 1>of experience and just years of doing this where you

0:24:33.160 --> 0:24:35.439
<v Speaker 1>are at the point where you can just look at

0:24:35.440 --> 0:24:38.840
<v Speaker 1>a board and identify a number and go, I just

0:24:39.080 --> 0:24:40.480
<v Speaker 1>know that that's not right.

0:24:41.200 --> 0:24:46.400
<v Speaker 3>Yeah, sort of. I mean, sometimes you know your own opinion.

0:24:46.440 --> 0:24:51.439
<v Speaker 4>You're always you know when you're when you're bookying or Betty,

0:24:51.480 --> 0:24:54.439
<v Speaker 4>and you know, your own opinion always comes into play

0:24:54.520 --> 0:24:58.240
<v Speaker 4>and the ability to hold you know, to take on

0:24:58.440 --> 0:25:01.320
<v Speaker 4>risk or you know that more you always say, well,

0:25:01.400 --> 0:25:04.480
<v Speaker 4>like I think that's you know, that's gonna win. And

0:25:04.520 --> 0:25:10.280
<v Speaker 4>the numbers off but mostly I mean mostly numbers based,

0:25:10.359 --> 0:25:12.840
<v Speaker 4>and you know, you have to be able to quantify

0:25:12.880 --> 0:25:16.800
<v Speaker 4>your edge and know you know, well, this is four percent,

0:25:16.880 --> 0:25:19.879
<v Speaker 4>this is three percent, this is you know, half percent whatever.

0:25:21.200 --> 0:25:23.679
<v Speaker 4>You know, it's a lot easier to know, you know

0:25:23.760 --> 0:25:26.920
<v Speaker 4>what you're dealing with as opposed to to you know,

0:25:27.080 --> 0:25:29.520
<v Speaker 4>just blindly fired and saying, oh, I have an edge,

0:25:29.560 --> 0:25:32.359
<v Speaker 4>like it's it's better to be able to quantify quantify

0:25:32.440 --> 0:25:36.520
<v Speaker 4>your edge. But but yeah, I mean there there are

0:25:36.680 --> 0:25:39.399
<v Speaker 4>situations like prop markets where I could just kind of

0:25:39.600 --> 0:25:42.960
<v Speaker 4>glance at them and you know, years of experience can

0:25:43.200 --> 0:25:46.080
<v Speaker 4>can help you, you know, get something that might take

0:25:46.200 --> 0:25:50.080
<v Speaker 4>somebody else slightly more time just you know, click click click,

0:25:50.160 --> 0:25:50.720
<v Speaker 4>I'm done.

0:25:51.880 --> 0:25:53.879
<v Speaker 3>You have been known to do that on occasion. But

0:25:55.119 --> 0:25:56.200
<v Speaker 3>you can't get sloppy.

0:25:56.880 --> 0:25:59.680
<v Speaker 4>If you get sloppy and lazy, you know, and start

0:25:59.680 --> 0:26:04.320
<v Speaker 4>taking and slightly worse numbers, your your performance will you know,

0:26:04.600 --> 0:26:08.159
<v Speaker 4>decay over time and uh, there are no margins for

0:26:08.240 --> 0:26:11.919
<v Speaker 4>airs when it comes to the gambling. Really, I mean,

0:26:11.960 --> 0:26:16.679
<v Speaker 4>you're very very thin margins all around. But what I

0:26:16.720 --> 0:26:19.199
<v Speaker 4>was saying about the batter verse picture staff is you

0:26:19.240 --> 0:26:22.680
<v Speaker 4>get people that come over from from Fantasy or from

0:26:22.760 --> 0:26:26.639
<v Speaker 4>DFS and they're like, oh, like, I'm gonna use batter

0:26:26.720 --> 0:26:30.280
<v Speaker 4>versus picture stats to determine this guy should be a

0:26:30.280 --> 0:26:32.359
<v Speaker 4>home run prop bet today.

0:26:33.160 --> 0:26:36.000
<v Speaker 3>You know, I just shake my head at stuff like.

0:26:35.920 --> 0:26:39.800
<v Speaker 4>That, like it's another it's just clueless people, you know,

0:26:39.960 --> 0:26:44.160
<v Speaker 4>kind of drawing, you know, conclusions from from noise and

0:26:45.640 --> 0:26:49.000
<v Speaker 4>it you can make money, like it's fun, but but

0:26:49.200 --> 0:26:52.200
<v Speaker 4>you're just you're throwing darts a lot of the time.

0:26:52.320 --> 0:26:55.240
<v Speaker 4>Especially the batteris picture stuff is huge red flag.

0:26:55.960 --> 0:26:58.320
<v Speaker 2>Now why is it such a red flag? What is

0:26:58.320 --> 0:26:59.960
<v Speaker 2>it about batter versus pictures Specifically?

0:27:00.440 --> 0:27:04.640
<v Speaker 4>It's almost completely insignificant what somebody did and six.

0:27:04.440 --> 0:27:07.760
<v Speaker 3>At bats or ten at that. You know, when you

0:27:07.760 --> 0:27:09.680
<v Speaker 3>you're getting into to hire.

0:27:09.480 --> 0:27:12.280
<v Speaker 4>You know like, well this guy, you know, maybe like

0:27:12.359 --> 0:27:15.720
<v Speaker 4>Freddie Freeman versus and trying to think somebody Jacob to

0:27:15.800 --> 0:27:19.760
<v Speaker 4>Graham like they've played each other, you know, tens of times.

0:27:19.840 --> 0:27:23.640
<v Speaker 4>It doesn't matter the sample size, it's so small relative.

0:27:23.880 --> 0:27:29.919
<v Speaker 4>It just you're drawing conclusions from stuff that you really

0:27:30.080 --> 0:27:35.119
<v Speaker 4>should should not be drawing those conclusions from. And you know,

0:27:35.400 --> 0:27:37.719
<v Speaker 4>like it's it's just a it's a bad way of

0:27:37.800 --> 0:27:43.800
<v Speaker 4>doing things, and it's a bad foundation to start thinking

0:27:43.960 --> 0:27:45.520
<v Speaker 4>like that.

0:27:45.520 --> 0:27:46.520
<v Speaker 2>That makes sense.

0:27:46.560 --> 0:27:49.760
<v Speaker 1>It's you're looking at a sample size that's maybe on

0:27:49.880 --> 0:27:53.600
<v Speaker 1>the high end, fifty or so data points, and that

0:27:53.800 --> 0:27:56.439
<v Speaker 1>is nowhere near enough of a sample size too.

0:27:57.560 --> 0:27:59.760
<v Speaker 2>Be it actually extrapolating something like this?

0:28:00.280 --> 0:28:04.440
<v Speaker 3>Yeah, be really, man, you really shouldn't like thank it's crazy.

0:28:06.880 --> 0:28:08.440
<v Speaker 1>All right, guys, real quick, I want to talk to

0:28:08.480 --> 0:28:11.840
<v Speaker 1>you about Sleeper. It's the fastest growing fantasy platform today

0:28:11.840 --> 0:28:14.760
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0:28:14.800 --> 0:28:17.880
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0:28:17.920 --> 0:28:21.720
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0:28:21.720 --> 0:28:23.679
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0:28:23.800 --> 0:28:26.040
<v Speaker 1>like and pick the total, for example, number of points

0:28:26.080 --> 0:28:28.720
<v Speaker 1>in a basketball game or hits in baseball. Then choose

0:28:28.760 --> 0:28:30.920
<v Speaker 1>the amount of money you want to enter into the contest.

0:28:30.960 --> 0:28:33.200
<v Speaker 1>You pick correctly, you can win anywhere from two times

0:28:33.280 --> 0:28:35.840
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0:28:35.880 --> 0:28:38.160
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0:28:38.200 --> 0:28:40.160
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0:28:40.200 --> 0:28:42.840
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0:28:42.880 --> 0:28:44.800
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0:28:44.800 --> 0:28:46.520
<v Speaker 1>with the tap of a button. Then I can do

0:28:46.600 --> 0:28:49.240
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0:28:49.280 --> 0:28:52.240
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0:28:52.360 --> 0:28:54.280
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0:28:54.320 --> 0:28:57.080
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0:28:57.280 --> 0:29:00.800
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0:29:00.880 --> 0:29:03.680
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0:29:03.680 --> 0:29:06.120
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0:29:06.160 --> 0:29:08.520
<v Speaker 1>see Sleepers terms have used for details. Now let's get

0:29:08.560 --> 0:29:14.360
<v Speaker 1>back to the show. You talk about investing in baseball cards.

0:29:15.000 --> 0:29:17.719
<v Speaker 1>Do you use that knowledge of the baseball card market

0:29:17.880 --> 0:29:22.640
<v Speaker 1>to impact your betting picks or vice versa? Do those

0:29:22.640 --> 0:29:24.000
<v Speaker 1>two roads intersect at all?

0:29:24.760 --> 0:29:30.120
<v Speaker 4>The gambling and the baseball cards do have some intersection. Mostly,

0:29:31.040 --> 0:29:36.000
<v Speaker 4>the reason I invest in baseball cards is is as

0:29:36.120 --> 0:29:41.200
<v Speaker 4>a derivative to futures markets, because a lot of times

0:29:41.360 --> 0:29:44.040
<v Speaker 4>you know you might have a guy who's a short

0:29:44.120 --> 0:29:48.080
<v Speaker 4>favorite in a Rookie of the Year market, but his

0:29:48.200 --> 0:29:51.640
<v Speaker 4>card is cheap, you know, or relatively cheap, and you

0:29:51.720 --> 0:29:54.360
<v Speaker 4>might have a guy like like Julio Rodriguez and Spencer

0:29:54.400 --> 0:29:57.760
<v Speaker 4>Torkosen and Bobby Witt. They're all real high. They're the

0:29:57.760 --> 0:30:00.000
<v Speaker 4>top three front runners for the AL Rookie of the Year.

0:30:00.760 --> 0:30:05.080
<v Speaker 4>Their cards are prohibitively expensive. So I sold a Julio

0:30:05.160 --> 0:30:08.560
<v Speaker 4>Rodriguez card for about three thousand dollars before the season,

0:30:09.080 --> 0:30:13.560
<v Speaker 4>and I use that money to invest in Julio Rodriguez's

0:30:14.120 --> 0:30:16.520
<v Speaker 4>Rookie of the Year future at like sixteen to one,

0:30:16.600 --> 0:30:20.200
<v Speaker 4>because I was basically assuming that that card didn't have

0:30:20.560 --> 0:30:22.280
<v Speaker 4>sixteen times.

0:30:22.040 --> 0:30:22.960
<v Speaker 3>The value in it.

0:30:23.080 --> 0:30:25.080
<v Speaker 4>If he if he's as good as I thought he

0:30:25.120 --> 0:30:27.800
<v Speaker 4>could be, and if he does win the Rookie of Year,

0:30:27.800 --> 0:30:30.000
<v Speaker 4>I could just buy that card back for you know,

0:30:30.040 --> 0:30:32.240
<v Speaker 4>a stupid amount of money if I really wanted it still.

0:30:33.600 --> 0:30:35.720
<v Speaker 4>But it's not going to go up sixteen times in value,

0:30:35.760 --> 0:30:38.320
<v Speaker 4>which is what I would get off the you know,

0:30:38.480 --> 0:30:42.840
<v Speaker 4>off the future. So sometimes you want to own the card,

0:30:42.920 --> 0:30:45.880
<v Speaker 4>and sometimes you want to sell the card and use

0:30:45.880 --> 0:30:49.400
<v Speaker 4>that money to make a pet. But I basically use

0:30:49.520 --> 0:30:52.800
<v Speaker 4>the baseball cards as a way to play around in

0:30:52.840 --> 0:30:57.880
<v Speaker 4>the futures market with exposure to guys for you know

0:30:58.520 --> 0:31:03.239
<v Speaker 4>different It's basically reasons being that the futures market might

0:31:03.400 --> 0:31:06.320
<v Speaker 4>might have a different price, you know, than the value

0:31:06.320 --> 0:31:08.320
<v Speaker 4>of the card or vice versa.

0:31:08.320 --> 0:31:09.280
<v Speaker 2>That makes perfect sense.

0:31:09.400 --> 0:31:12.600
<v Speaker 1>I mean, you can actually balance these markets against each other.

0:31:12.640 --> 0:31:16.360
<v Speaker 1>And the baseball card betting market is almost a little

0:31:16.360 --> 0:31:19.040
<v Speaker 1>bit like gambling. You're playing essentially a version of the

0:31:19.040 --> 0:31:23.080
<v Speaker 1>stock market. So why wouldn't you take that information and

0:31:23.280 --> 0:31:25.200
<v Speaker 1>transfer it over to the betting market. That makes perfect

0:31:25.240 --> 0:31:25.640
<v Speaker 1>sense to me.

0:31:26.080 --> 0:31:28.560
<v Speaker 4>The baseball card market, though, has a lot more sort

0:31:28.600 --> 0:31:31.920
<v Speaker 4>of barriers than betting. Like betting, you find a number,

0:31:31.960 --> 0:31:34.600
<v Speaker 4>you make a bet, you win or lose. Baseball cards

0:31:34.880 --> 0:31:37.320
<v Speaker 4>got a list it on eBay. eBay is gonna take

0:31:37.320 --> 0:31:39.120
<v Speaker 4>twelve percent. You want to get it.

0:31:39.080 --> 0:31:42.360
<v Speaker 3>Graded, that's you know, more money time.

0:31:43.000 --> 0:31:46.520
<v Speaker 4>There's a huge backlog with the PSA grading right now,

0:31:46.640 --> 0:31:50.720
<v Speaker 4>so you know, the cost a lot of times. The

0:31:50.720 --> 0:31:56.160
<v Speaker 4>profit margin in the baseball card is not nearly what

0:31:56.200 --> 0:31:59.000
<v Speaker 4>you think it's going to be, especially when you get

0:31:59.000 --> 0:32:01.760
<v Speaker 4>done with all the vee and everyone else taking their

0:32:02.080 --> 0:32:06.080
<v Speaker 4>their cuts in the process. So I mean, you really

0:32:06.120 --> 0:32:08.000
<v Speaker 4>got to hit it. You either got to really hit

0:32:08.040 --> 0:32:10.120
<v Speaker 4>it out of the park. You know, you're not looking

0:32:10.120 --> 0:32:12.000
<v Speaker 4>to buy like a five hundred dollars card and sell

0:32:12.120 --> 0:32:14.440
<v Speaker 4>for six hundred and seven hundred bucks. You're hoping to

0:32:14.440 --> 0:32:16.720
<v Speaker 4>buy a five hundred dollars card sell for you know,

0:32:16.800 --> 0:32:20.880
<v Speaker 4>two thousand and three thousand. You know, if you're not

0:32:21.000 --> 0:32:24.640
<v Speaker 4>thinking like that, you're probably not going to get great returns.

0:32:24.680 --> 0:32:27.760
<v Speaker 3>And you got to do the cards because you like them.

0:32:28.320 --> 0:32:33.960
<v Speaker 4>But for those with incredible amounts of disposable income, the

0:32:34.000 --> 0:32:37.400
<v Speaker 4>baseball cards and basketball card markets are incredibly.

0:32:38.280 --> 0:32:39.080
<v Speaker 2>That makes sense to me.

0:32:39.120 --> 0:32:42.080
<v Speaker 1>You've got to be looking for a higher ROI in

0:32:42.160 --> 0:32:45.320
<v Speaker 1>the baseball card market than you do in the betting market,

0:32:45.840 --> 0:32:48.440
<v Speaker 1>just because, like you said, of the time, energy, effort,

0:32:48.520 --> 0:32:50.760
<v Speaker 1>and extraneous costs that go into that.

0:32:51.520 --> 0:32:51.720
<v Speaker 3>Yeah.

0:32:51.760 --> 0:32:53.720
<v Speaker 2>Now, now I.

0:32:53.640 --> 0:32:55.600
<v Speaker 1>Want to ask you one more question here. I've got

0:32:55.640 --> 0:32:58.960
<v Speaker 1>a weird one for you. In the stock market, like

0:32:59.000 --> 0:33:03.040
<v Speaker 1>we just talked about, global issues can affect domestic stock prices,

0:33:03.440 --> 0:33:05.640
<v Speaker 1>but no one really thinks about how these same issues

0:33:05.800 --> 0:33:08.800
<v Speaker 1>like create efficiencies in the betting markets. Is there any

0:33:08.800 --> 0:33:10.240
<v Speaker 1>time that you found this to be the case in

0:33:10.240 --> 0:33:13.680
<v Speaker 1>the past where global events have actually helped create an

0:33:13.760 --> 0:33:16.280
<v Speaker 1>edge for gamblers that no one's really seen. Do you

0:33:16.320 --> 0:33:18.520
<v Speaker 1>see anything like that in the world today? Like does

0:33:18.560 --> 0:33:22.120
<v Speaker 1>even Russia Ukraine manage to have some kind of impact

0:33:22.200 --> 0:33:22.760
<v Speaker 1>in gambling.

0:33:23.600 --> 0:33:26.720
<v Speaker 4>There was a lot of stuff during COVID that kind

0:33:26.720 --> 0:33:31.560
<v Speaker 4>of had unusual you know, there's no precedent for the

0:33:32.480 --> 0:33:34.040
<v Speaker 4>sort of how do you handicap this?

0:33:34.200 --> 0:33:36.080
<v Speaker 3>He just kind of had to make some assumptions.

0:33:36.120 --> 0:33:39.240
<v Speaker 4>But I remember, like there was some Nicaragua and baseball

0:33:39.400 --> 0:33:42.520
<v Speaker 4>that I would watch and the guys were playing with

0:33:42.680 --> 0:33:45.600
<v Speaker 4>masks on, you know, on the field, and I was

0:33:45.680 --> 0:33:48.840
<v Speaker 4>just like, well, the team that's playing with the masks

0:33:48.920 --> 0:33:52.560
<v Speaker 4>is gonna play worse. I know very little about Nicaragua

0:33:52.600 --> 0:33:57.560
<v Speaker 4>and baseball, more than most, but still very little overall.

0:33:58.280 --> 0:33:59.680
<v Speaker 3>But like I know that the.

0:33:59.640 --> 0:34:02.520
<v Speaker 4>Shorts stop wearing a mask is you know, gonna just

0:34:02.920 --> 0:34:05.440
<v Speaker 4>it's like having like a restrictor played on a carburetor.

0:34:05.640 --> 0:34:08.200
<v Speaker 4>Like it's not fun to go out and play sports

0:34:08.200 --> 0:34:11.239
<v Speaker 4>in a mask. You know, it's not fun around you know,

0:34:11.320 --> 0:34:14.600
<v Speaker 4>you're just it's gonna impact your performance, especially if you've

0:34:14.640 --> 0:34:17.520
<v Speaker 4>never done it before. So like I knew to bet

0:34:17.560 --> 0:34:21.040
<v Speaker 4>against the team wearing the mask. Just it's stuff like that, like.

0:34:21.560 --> 0:34:23.480
<v Speaker 3>Or there'd be the Remember there.

0:34:23.400 --> 0:34:27.200
<v Speaker 4>Was a situation it was like Bolivia and soccer or something.

0:34:28.239 --> 0:34:30.600
<v Speaker 3>Maybe it was Eruguay, I don't remember what country it was.

0:34:30.640 --> 0:34:35.360
<v Speaker 4>It was definitely South America, where like the entire team

0:34:35.760 --> 0:34:39.920
<v Speaker 4>got COVID the day of the match and they had

0:34:39.960 --> 0:34:43.760
<v Speaker 4>to play you know, the like reserve side, the academy side,

0:34:44.120 --> 0:34:46.920
<v Speaker 4>and so the market was just you know, it was

0:34:46.960 --> 0:34:49.480
<v Speaker 4>just NonStop action on the other team, and like some

0:34:49.520 --> 0:34:53.520
<v Speaker 4>books pulled at, some books are just like whatever bet it.

0:34:53.600 --> 0:34:56.400
<v Speaker 4>So you get like random situations like that where entire

0:34:56.440 --> 0:35:01.799
<v Speaker 4>teams are being replaced by academy sides. I'm trying to think, oh, yeah,

0:35:01.840 --> 0:35:07.800
<v Speaker 4>so vaccines teams, teams would have like mass vaccine days

0:35:08.520 --> 0:35:11.680
<v Speaker 4>and you know, they'd all get get the vaccine at

0:35:11.680 --> 0:35:14.520
<v Speaker 4>the same time, and like they'd go out and play

0:35:14.520 --> 0:35:15.600
<v Speaker 4>like crap the next day.

0:35:15.960 --> 0:35:16.800
<v Speaker 3>This is an MLB.

0:35:17.520 --> 0:35:19.160
<v Speaker 4>Like a lot of there were pitchers who were missing

0:35:19.200 --> 0:35:22.719
<v Speaker 4>their next starts, you know, because just the vaccine took

0:35:22.760 --> 0:35:26.440
<v Speaker 4>a couple of days out of them. But like I

0:35:27.120 --> 0:35:29.560
<v Speaker 4>just kind of look on Twitter and oh, the Yankees

0:35:29.600 --> 0:35:32.480
<v Speaker 4>all got their vaccine today, let's back against them tomorrow.

0:35:32.600 --> 0:35:36.440
<v Speaker 4>And those mostly won. They weren't like one hundred percent,

0:35:36.520 --> 0:35:39.640
<v Speaker 4>but they they hit it a you know, quite a

0:35:39.800 --> 0:35:40.960
<v Speaker 4>quite a large clip.

0:35:41.800 --> 0:35:43.200
<v Speaker 3>There were NHL teams too.

0:35:43.239 --> 0:35:45.960
<v Speaker 4>I just knew, like, oh, look, this NHL team all

0:35:46.000 --> 0:35:48.279
<v Speaker 4>got their vaccine, Like they're not going to go around

0:35:48.320 --> 0:35:51.360
<v Speaker 4>and skate tomorrow night like they. I think the NHL

0:35:51.400 --> 0:35:55.200
<v Speaker 4>ones were close to one hundred percent. So yeah, I mean,

0:35:55.200 --> 0:35:58.600
<v Speaker 4>if you're willing to kind of extrapolate some some news

0:35:58.800 --> 0:36:03.080
<v Speaker 4>and make some assumptions yourself, there's there's some good stuff.

0:36:03.480 --> 0:36:08.799
<v Speaker 4>But Russia Ukraine, there hasn't been anything, just because I

0:36:08.800 --> 0:36:13.279
<v Speaker 4>mean the markets, there's KHL, there's you know, there's there's

0:36:13.400 --> 0:36:14.720
<v Speaker 4>Russian and Ukrainean soccer.

0:36:14.760 --> 0:36:17.719
<v Speaker 3>I don't know anything about it, but in general, there

0:36:17.800 --> 0:36:20.000
<v Speaker 3>hasn't been many.

0:36:19.840 --> 0:36:25.960
<v Speaker 4>Exploitable that geopolitical betting angles with with the Russia Ukraine

0:36:26.000 --> 0:36:29.879
<v Speaker 4>stuff anything, I can't think of anything. There's a lot

0:36:29.920 --> 0:36:32.879
<v Speaker 4>of table tennis going on out of those countries. During

0:36:32.920 --> 0:36:35.960
<v Speaker 4>COVID that was crazy. People were betting a lot on

0:36:36.080 --> 0:36:39.720
<v Speaker 4>underground table tennis, but I haven't heard much about that lately.

0:36:39.920 --> 0:36:43.440
<v Speaker 3>Unfortunately. Those were those are some interesting days.

0:36:43.719 --> 0:36:46.440
<v Speaker 1>I feel like that market was definitely the definition of

0:36:46.520 --> 0:36:50.839
<v Speaker 1>filling a need at a time, and maybe wasn't the

0:36:50.880 --> 0:36:52.840
<v Speaker 1>burgeoning future of sport.

0:36:53.600 --> 0:36:54.200
<v Speaker 3>Yeah, that was.

0:36:54.239 --> 0:36:57.040
<v Speaker 4>There were some crazy times when COVID, when everything was

0:36:57.040 --> 0:37:01.239
<v Speaker 4>shut down. There was Nicaraguan baseball, Nick groguen basketball. I

0:37:01.280 --> 0:37:05.320
<v Speaker 4>think Taiwan had some basketball, might have even been women's

0:37:05.360 --> 0:37:06.439
<v Speaker 4>basketball for a while.

0:37:07.920 --> 0:37:12.120
<v Speaker 3>Belarus was the center of the sports world and there was.

0:37:12.120 --> 0:37:15.719
<v Speaker 4>A table tennis, There was out locked golf, and people

0:37:15.760 --> 0:37:21.320
<v Speaker 4>were betting on game simulations like they plug in a PlayStation.

0:37:21.080 --> 0:37:24.879
<v Speaker 3>And it was some weird times, man Like, I don't

0:37:24.920 --> 0:37:27.800
<v Speaker 3>know what to tell you. Those are some dark days.

0:37:28.600 --> 0:37:31.240
<v Speaker 1>They trust me, You don't have to tell me twice

0:37:31.239 --> 0:37:34.400
<v Speaker 1>about that. I fully remember those days myself. I was

0:37:34.440 --> 0:37:37.200
<v Speaker 1>one of the people that plugged in their PlayStation, went

0:37:37.280 --> 0:37:41.000
<v Speaker 1>on Twitch and was just running Madden games. I wasn't

0:37:41.040 --> 0:37:42.919
<v Speaker 1>taking any action on them, but I was just doing

0:37:43.000 --> 0:37:45.080
<v Speaker 1>it to do some play by play stuff and just

0:37:45.200 --> 0:37:49.120
<v Speaker 1>occupy my time. I am very thankful that we had

0:37:49.200 --> 0:37:52.440
<v Speaker 1>done with the bulk of COVID at this point. Jason,

0:37:52.680 --> 0:37:55.120
<v Speaker 1>thank you so much for joining me today, my friend.

0:37:55.320 --> 0:37:57.480
<v Speaker 1>It was a pleasure talking to you. A gold mine

0:37:57.520 --> 0:38:01.960
<v Speaker 1>of information for new betters and experience better is alike,

0:38:02.080 --> 0:38:04.320
<v Speaker 1>things that maybe you don't realize that you're doing in

0:38:04.400 --> 0:38:07.000
<v Speaker 1>your betting habits that you can try and break in

0:38:07.200 --> 0:38:09.239
<v Speaker 1>better practices that you can be putting into place.

0:38:09.600 --> 0:38:12.560
<v Speaker 2>It was a fantastic conversation. I really appreciate it. Where

0:38:12.600 --> 0:38:14.880
<v Speaker 2>can people find you on social media and all the

0:38:14.920 --> 0:38:15.719
<v Speaker 2>awesome work you're doing.

0:38:16.640 --> 0:38:19.960
<v Speaker 4>You find me on Twitter at Spreadipedia, and then you

0:38:20.000 --> 0:38:23.239
<v Speaker 4>can find me on Vson usually on I'm on the

0:38:23.520 --> 0:38:28.280
<v Speaker 4>Numbers Game with Peel Alexander on Wednesday mornings, usually Wednesday

0:38:28.280 --> 0:38:31.440
<v Speaker 4>at eight am. I'm usually on a couple couple other

0:38:31.560 --> 0:38:34.239
<v Speaker 4>times throughout the week on different shows. And then I

0:38:34.320 --> 0:38:38.600
<v Speaker 4>have my own podcast, wide World of Winegarden, which comes

0:38:38.640 --> 0:38:44.120
<v Speaker 4>out almost daily on Visin and iHeartRadio and Spotify and

0:38:44.320 --> 0:38:45.080
<v Speaker 4>YouTube and.

0:38:45.160 --> 0:38:48.040
<v Speaker 3>Wherever you can get iHeartRadio podcasts.

0:38:48.120 --> 0:38:54.080
<v Speaker 4>So yeah, I'm usually usually available one way or the

0:38:54.160 --> 0:38:56.120
<v Speaker 4>other in some form of media.

0:38:57.120 --> 0:38:58.600
<v Speaker 1>All right, well that is going to do it for

0:38:58.760 --> 0:39:01.360
<v Speaker 1>us here once again, Thank you so much, Jason. I

0:39:01.440 --> 0:39:03.520
<v Speaker 1>hope you have a great rest of your day and guys,

0:39:03.680 --> 0:39:06.680
<v Speaker 1>best of luck with anything you're betting this weekend. I

0:39:06.760 --> 0:39:08.360
<v Speaker 1>hope you have a lot of fun and you know,

0:39:09.000 --> 0:39:10.120
<v Speaker 1>let's catch those tickets