Business of Betting Podcast

On this episode of the Business of Betting Podcast, Jason is joined by Jesse Learmonth, host of The Betting Startups Podcast.Jesse has interviewed almost 100 industry startup founders, and has a unique lens on the industry's early-stage ecosystem. He has been in the industry for 14 years as a founder, an executive at Pinnacle Sports, and advisor to several industry startups.Timecodes:00:54 - Launching The Betting Startups Podcast04:01 - Choosing a podcast format06:42 - Authenticity in interview-based podcasts09:31 - Areas of pushback on startup founders13:45 - Competing on price in sports betting19:41 - Why the low-margin model isn't more mainstream24:27 - Why BoB hasn't had a new episode in 3 months25:27 - Partnership announcement between BoB and The Betting Startups Podcast27:56 - Future plans for BoB and call for guests30:29 - Jason and Jesse's boring video backgroundsFollow us on: https://twitter.com/bettingpod / @businessofbettingGet in touch: https://twitter.com/jasontrostbusinessofbetting@gmail.com#business #betting #podcast #businessofbetting #smarkets #exchange #sportsbook Hosted on Acast. See acast.com/privacy for more information.

On this weeks edition of the Business of Betting Podcast, Jason is joined by Joey Levy from Betr.With the backing of social media personality and boxer, Jake Paul, Joey is the Founder and CEO of Betr which is the first direct-to-consumer micro-betting focused sports betting company. Betr has also launched a new media venture for the next generation of sports fans. Betr is setting out to disrupt legacy gambling and legacy media, with a mission of making sports and betting Betr.Timecodes:00:46 - Who is Joey Levy and what is Betr?07:46 - What type of product is Betr?09:51 - What is the vision with Betr?13:21 - Customer / revenue numbers18:35 - What is it like working with somebody else's code?21:43 - What is Joey's view on the Friedberg hypothesis?31:48 - What is the goal with Betr?35:23 - What does Joey want to be when he grows up?#betting #business #exchange #podcast #smarkets #betr Hosted on Acast. See acast.com/privacy for more information.

On this weeks edition of the Business of Betting Podcast, Jason is joined by Vinit Bharara, Co-Founder & CEO of Mojo.After just over two years working as an attorney in New York in the late 1990's, Vinit decided to change career paths and become an entrepreneur.Vinit is now onto his fifth start-up with Mojo which is the first ever licensed sports betting stock market.Timecodes:00:20 - Introduction02:05 - Vinit's background story03:55 - Vinit's early days as an entrepreneur05:30 - What kind of entrepreneur is Vinit?06:45 - What is Mojo?10:23 - The mechanics of Mojo22:39 - Mojo's business of model24:22 - What is becoming a bigger part of Mojo?27:23 - Why was Mojo set up?29:43 - What does Mojo class itself as?33:33 - What is next for Mojo?34:44 - What does Vinit want to be when he grows up?#betting #business #podcast #businessofbettingDownload SBK: https://getsbk.com Follow us on Twitter - https://twitter.com/sbk Hosted on Acast. See acast.com/privacy for more information.

On this edition of the Business of Betting Podcast, Jason is joined by Evan Kirkham, Co-Founder & CEO of Outlier. Having previously worked as an attorney for over 10 years, in October 2020 Evan launched Outlier as a startup CEO and hasn't looked back since almost three years down the line. Outlier is a first-of-its-kind sports betting platform where sports fans can browse, analyze, and execute bets with confidence. Timecodes: 00:35 - A message to fans of the podcast02:38 - Getting to know Evan Kirkham07:18 - What is Outlier?08:30 - Why did Evan launch Outlier?12:45 - Is this a good time to be a startup?15:23 - Outlier's business model17:09 - What makes a customer want to join Outlier?19:48 - Where do Outlier get their insights?20:45 - Discussion on the different sports data providers23:44 - Who are Outlier's competitors?25:56 - Sports betting in Texas30:26 - Evan's vision for sports betting33:59 - What does Evan want to be when he grows up?Follow us on: https://twitter.com/bettingpod / @businessofbetting Get in touch: https://twitter.com/jasontrost businessofbetting@gmail.com Hosted on Acast. See acast.com/privacy for more information.

On this edition of the Business of Betting Podcast, Jason is joined by Chris Bevilacqua, Founder & CEO of SimpleBet. With a passion for sport held from an early age, Chris started his career as part of the video production team at NBC, making promos for NBA & NFL games. After a successful period in the TV industry in which Chris won awards, he decided to launch SimpleBet in 2018. SimpleBet is a B2B product development company using machine learning and automation to make every moment of every sporting event a betting opportunity. Timecodes:00:30 - Introduction to SimpleBet01:13 - Chris' passion for wrestling and the lessons it has taught him07:53 - Chris's background story 16:18 - The future of live sports broadcasting 23:50 - Why did Chris co-found SimpleBet?26:38 - The SimpleBet product and how it generates money28:35 - Does SimpleBet have competitors? How does it stand out?30:09 - Example of a SimpleBet market which can't be found elsewhere31:16 - How do SimpleBet get their data?35:25 - Will the likes of Draft Kings start to do this themselves?36:55 - The makeup of the business & what's next for SimpleBet41:42 - What does Chris want to do when he grows upFollow us on: https://twitter.com/bettingpod / @businessofbetting Get in touch: https://twitter.com/jasontrostbusinessofbetting@gmail.com #business #betting #podcast #businessofbetting #smarkets #exchange #sportsbook Hosted on Acast. See acast.com/privacy for more information.

On this edition of the Business of Betting Podcast, Jason is joined by Soo Kim, Chairman of Bally's Corporation. Soo is the founding partner of investment firm Standard General L.P. & is the firm's Managing Partner & Chief Investment Officer. Soo has a wealth of experience in the investment space, but has also been involved in the evolution of the gaming industry. Timecodes: 00:57 - Soo's background03:30 - What kind of entity is Standard General?05:09 - The structure of a Hedge Fund07:55 - Types of investment13:15 - What does Soo class himself as?17:35 - Bally's thesis23:48 - How does Bally's differ from its competitors?25:07 - Bally's acquisition strategy26:56 - Raising share price29:39 - Could the physical and online business be separated?30:47 - Soo's view on sports betting33:11 - What does Soo want to be when he grows up? Follow us on: https://twitter.com/bettingpod / @businessofbetting Get in touch: https://twitter.com/jasontrost businessofbetting@gmail.com #business #betting #podcast #businessofbetting #smarkets #exchange #sportsbook Hosted on Acast. See acast.com/privacy for more information.

On this edition of the Business of Betting Podcast, Jason is joined by Dustin Gouker, Consultant at Catena Media.Dustin's story began in the newspaper industry where he worked as a journalist for a number of years before venturing into marketing. In 2015, Dustin began to report on the sports betting and online poker industry for Legal Sports Report. His latest role was as a Vice President at Catena Media in charge of content. He is now acting as a consultant for Catena Media, while deciding what he would like to do next in his career.Timecodes:02:10 - Dustin's background04:15 - Daily Fantasy and Sports Betting10:45 - Dustin's opinions on sports betting in America14:50 - Jason v Dustin on regulation33:15 - What does Dustin make of 'The Big Four' in the US?35:40 - Dustin's view on a company like Smarkets43:25 - Next steps for DustinFollow us on: https://twitter.com/bettingpod / @businessofbettingGet in touch:https://twitter.com/jasontrost#business #betting #podcast #businessofbetting #smarkets #exchange #sportsbook Hosted on Acast. See acast.com/privacy for more information.

On this edition of the Business of Betting Podcast, Jason is joined by Joel Simkins, Managing Director in Houlihan Lokey's Technology Group. Joel began his career as a leading equity analyst before successfully transitioning to investment banking where he has gained a wealth of experience in the gaming industry. Jason and Joel cover a range of topics such as regulation in the industry, discussion on some of the leading sports betting companies, Joel's advice to young entrepreneurs and much more!Follow us on: https://twitter.com/bettingpod / @businessofbettingGet in touch:https://twitter.com/jasontrost#business #betting #podcast #businessofbetting #smarkets #exchange #sportsbook Hosted on Acast. See acast.com/privacy for more information.

On this edition of the Business of Betting Podcast, Jason is joined by Dean Sisun, CEO & co-founder of Prophet Exchange. They discuss why and how Prophet was set up, how Prophet compares to its competitors & much more before there is a twist to the second half of the podcast!Timecodes:00:27 - The founding story of the Prophet Exchange03:43 - What is Prophet doing that its competitors aren't?05:00 - Why move back to the US to launch?07:25 - When did Prophet launch & how is it going?09:40 - How does Prophet compare to Sport Trade?12:21 - How does Prophet compare to top-tier sportsbooks?14:14 - The challenges behind building Prophet.19:40 - How is Dean managing the challenge of attracting funding in the current economic climate?25:35 - Dean's questions for JasonFollow us on: https://twitter.com/bettingpod / @businessofbettin... Get in touch:https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

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Justin is joined by Justin Dellario, CEO of eSports betting company, unikrn, on the latest edition of the Business of Betting Podcast. Justin explains what unikrn is, how the world of eSports works and what sports betting has to do with eSports. Hosted on Acast. See acast.com/privacy for more information.

Jason is joined by Varun Sudhakar, CEO & Founder of BetDEX in the latest episode of the Business of betting Pod. Varun shares his story, the inner workings of BetDEX, and his ambitions for the future of the company. Hosted on Acast. See acast.com/privacy for more information.

Jason is joined by Alex Kane, CEO and Founder of Sporttrade Inc. in the latest episode of the Business of betting Pod. Alex shares his startup story, as well as his views on the growth of the American sportsbook industry, and his vision for the future of the industry and exchanges.04:01 Sporttrade: The humble beginnings06:25 Alex's Startup and Investment Round journey08:18 Techstars to launch12:31 Building the Sporttrade matching engine16:00 Pre & Post trade challenges19:33 Sporttrade vs the competition24:09 The role of market makers27:00 The Sporttrade business model29:56 Competitors and the customer acquisition challenge32:22 Sporttrade vs Prophet33:49 Why choose Sporttrade?42:28 The end of price time?Follow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch:https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

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In this episode of the Business of betting Pod, Jason is joined by David Purdum, Gambling reporter for ESPN. In this episode, Purdum who's been writing on the industry since 2008 goes back on his career, and shares his opinion with Jason on legalization, Sportsbooks in the US and other aspects of the industry. 01:30 How did he get in the Industry: Starting in Atlanta, writing stories about the business, landing at ESPN06:24 The road towards the federal legislation: The PASPA journey from 2008, David's opinionThe wire act and federalisation of Sports betting, the barrier to entry 11:50 The evolution of Sports betting in the US: Media companies, Leagues's position, the new betting habits with younger generations, prop bets, Fantasy sports 17:46 The future of betting: Bringing the exchange model in the US, Ethic and limits20:15 The bookmaker perspective: limiting winners, transaction fees, getting in the industry, market entry and new players: Sporttrade, prophets, FanaticsFollow us on:https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch:https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Business of betting, Jason is joined by Jed Corithal, Chief Marketing Officer at Phenix Real Time Solution. Phenix is a B2B real-time video streaming solutions provider. The pair discussed the space Phenix operates in and how it's impacting the evolution of Sportsbooks.01:35 Introduction - Started in sports, went through entrepreneurship and ended up in OTT at Phenix. What is phenix, what does real time streaming mean 04:08 The Secret Sauce: Using content owners, streaming, data providers, Sportsbook integration, distribution system etc. … 08:28 Competitive landscape: Growth in the space, being leader in the market10:41 The future of Sports data: real time data and micro betting, moving from a bet & watch to watch & bet model, Sportsbook streaming in the UK vs US 15:30 OTT providers v Sportsbook stream: latency, HTTP live streaming, rights distribution, the impact on betting habits, partnerships 24:11 Conclusion on US legislation Follow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch: https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Business of betting Sanford Loudon joins the show. Oakvale Capital is a leading M&A and advisory firm in the industry. Sanford covers his background, his access to deals, SPACS and shares his opinion on the market. 01:13 His background: From a traditional corporate finance background to gaming advisory; getting access to deals - networking, understanding the space, using his financial foundations 09:40 What are SPACS - Why companies do it, hot it works; the deal with Rush Street Interactive, Valuation and dilution, $10 per share mechanism 29:22 His opinion on the market: Gambling being undervalued32:05 Focus on the US market: Making money; profitability of US operators; online casinos; maturity of the market; UK v. USFollow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch: https://twitter.com/jasontrost See acast.com/privacy for privacy and opt-out information.

In this episode of the Business of betting Nigel Eccles joins the show. Nigel covers his early days at Flutter, his entrepreneurial journey with Fanduel, Betdex and entering the Crypto world. Finally, he gives his honest opinion on the industry.01:29 His background: Starting at Flutter, taking over Betfair, Launching Betdaq09:33 His entrepreuneur journey with Hubdub and Fanduel12:30 Why Betfair is not the leader: Mistakes that prevented Betfair to be #115:13 Betfair Post Mortem: Missed on innovation, Marketing failure21:10 FanDuel journey: The success, winning over casinos24:57 Fantasy sports & sports betting: PASPA, his vision on the industry, being industry leader32:36 Building an Exchange in the US: The sophistication of the market, Wire Act and liquidity37:03 Betdex and Crypto: The purpose, the challenge of Ethereum, Solana, platform risk, the business model and liquidityFollow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch: https://twitter.com/jasontrost See acast.com/privacy for privacy and opt-out information.

In this episode of the Business of Betting podcast, Brad Allen from Legal Sports Report (LSR) joins Jason Trost to cover and share opinions about the latest industry news. 00:53 Amy Howe talks offshore betting: Making a better product, taxes, offshores books and limits of the market 10:10 Matchbook brokerage service20:00 Openbet retraded price: stocks down 33%, B2B suppliers, change of control clauses Follow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch: https://twitter.com/BradAllenNFLhttps://twitter.com/jasontrost See acast.com/privacy for privacy and opt-out information.

Scott joins to talk about how he got his job, how the NBA is very pro betting, how the NBA monetizes betting, what it sees in the future and how teams can decide who to work with. See acast.com/privacy for privacy and opt-out information.

EP 175: Doesn't every sports betting company in the US lose money? In this episode of the Business of Betting podcast, Jason Trost welcomes journalist Brad Allen from Legal Sports Report (LSR) to cover and share opinions about the industry news. 01:42 Wynn is closing down UK social Betting app BetBull: Wynn losing money on sports betting; Wynn getting out of sports betting?; casinos11:28 The place of social in sports betting: Draftkings / bet groups; SBK; Skybet; Stock trading and Sports betting 19:08 Susquehanna SIG's $65.5m investment in PointsBet: Nelly vs Banach; Jeff Yass's statement; Fundamental model; best odds29:20 Rumours around Fanatics acquisition of the German sportsbook Tipico (CNBC): Valuation; Fanatics's Market access; GLI 33 33:04 Colorado's regulator and the State audit Mentioned in the episode: https://www.legalsportsreport.com/71850/wynn-betbull-closure-uk-sports-betting-app/https://www.legalsportsreport.com/71735/pointsbet-stock-susquehanna-sig-deal/https://www.cnbc.com/2022/06/23/fanatics-is-in-talks-to-buy-sports-betting-company-tipico-sources-say.htmlFollow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch: https://twitter.com/BradAllenNFLhttps://twitter.com/jasontrost See acast.com/privacy for privacy and opt-out information.

Have a listen to long time industry insider Paul Beattie pontificate on sports betting tech, regulation, and the best way to build technology in the industryhttps://www.sokoadvisors.com/ paul@sokoadvisors.com See acast.com/privacy for privacy and opt-out information.

Quinton rejoins for Part II to talk about house edges, buying vs building, Fanatics getting into the businessLong time betting industry exec and founder joins BoB to talk about bet.works, Cantor Gaming and innovationhttps://www.linkedin.com/in/qrsingleton/https://twitter.com/QRSingleton See acast.com/privacy for privacy and opt-out information.

Long time betting industry exec and founder joins BoB to talk about bet.works, Cantor Gaming and innovationhttps://www.linkedin.com/in/qrsingleton/https://twitter.com/QRSingleton See acast.com/privacy for privacy and opt-out information.

Jake joins us to talk about why he got into the industry, his time at Sportsradar, PointsBet and his thoughts of being such a prolific podcast host. See acast.com/privacy for privacy and opt-out information.

Episode 170 - David VanEgmond David discusses his time at FanDuel and the Barstool/Penn acquisition as well as all his current efforts with Bettor Capital. We cover growth, branding, unit economics and the development of the betting space. 

Episode 169 - Mike Roselli Mike is an attorney, bettor and podcaster who joins the podcast to discuss the US betting market, his development and learning curve in the betting space and the current makeup of US betting.    Presented by Dimers.com

Episode 168 - Benjie Cherniak Benjie was the MD of Don Best which is a well known odds screen for gamblers, traders and within the betting industry. Benjie shares his experience and thoughts, as well as discussing Avenue H Capital which is a new venture that invests in and advises businesses.  This episode is brought to you by Dimers.com. 

Episode 167 - Zac Reynolds Zac launched the Betting on Content Agency (BOC Agency) to provide betting content to the US market. We discuss his path to creating the agency, how he sees the industry and content creation as well as the future of the business including working with Leagues, Teams, Suppliers, Operators and others to create betting content.  BOC Agency - https://boc.agency/ This episode is brought to you by Dimers.com.   

Episode 166 - Tom Brownlee Tom joins the podcast to talk about his advantage play and professional betting as well as the dark arts of betting and gambling.  https://www.bookiebashing.net

Episode 165 - Logan Fields Logan is the author of Sports Betting 20/20 and joined the podcast to chat about his career as a professional sports bettor. We cover golf betting, betting props, superbowl and more.  Book Link  : https://www.amazon.com/20-Sports-Betting-Think-Like-ebook/dp/B08LNZ9DQN/ref=sr_1_1?dchild=1&qid=1615851306&refinements=p_27%3ALogan+Fields&s=digital-text&sr=1-1    

Ep: 164 - Wagering Capital Management Richard Irvine joins the podcast to discuss WCM and what it offers to bettors all around the world as well as the typical gambling and markets chat. https://www.wageringcm.com/

Episode 163 - Shane Anderson Shane is a successful executive from the racing and wagering world who shares his thoughts and insights from his time in the industry. 

Episode 162 - The Better Bookmaker T from the Better Bookmaker joins to discuss his approach to the betting and bookmaking industry.

Episode 161 - Peter Ling Peter comes back on the podcast to talk about betting in 2020 and into 2021. https://smartbettingclub.com/

Episode 160 - John Reeder John joins the podcast to discuss card counting, casino advantage play and observations from his terrific podcast, Risk of Ruin.  Risk of Ruin - A podcast about gambling, and life, and their intersection.  https://podcasts.apple.com/us/podcast/risk-of-ruin/id1527018692

Episode 159 - Harry Findlay Harry returns to the podcast to discuss betting during 2020 and a new low margin tote product that could change racing.

Episode 158 - Dan Kustelski Daniel returns to the podcast to discuss the US betting and gaming market, customer acquisition and horse racing topics.  http://chalklinesports.com/

Episode 157 - Harout Massoyan Harout joins the show to discuss his path in to betting and how he makes a living betting sports. 

Episode 156 - Joonas Karppinen Joonas is a former prop trader, bet365 sports trader, crypto trader and founder of Edge Alerter. https://www.edgealerter.com/  

Episode 155 - Dave Dwyer Dave is the Chairman of the NSW Bookmakers Co-Op and shares his story and life in betting and bookmaking.  https://davedwyer.mytrackprice.com/  

Episode 154 - James Seils James joins us to discuss Bettor Edge and what he has encountered and learnt building a betting platform.    Bettor Edge - https://www.bettoredge.com/

Episode 153 - Brock Landers Brock joins to talk about his journey from racetracks to sportsbooks and how he has handled the new world of betting in the legalization era. 

Episode 152 - Johnny Johnny makes his living betting and recently launched betstamp. We talk about how gamblers can improve their betting and what things can be done to have less recreational gamblers and more advanced players.

Episode 151 - Richard Munchkin Richard is a black jack hall of fame inductee and renowned advantage player. We discuss his time traveling the world counting cards and some of the stories through the years of beating casinos. 

Episode 150 - Mark Sampieri Mark is a bookmaker who started in the industry in 1980 and has been bookmaking ever since. We discuss the history of bookmaking and how it has transitioned to online and mobile.  Realbookie.com.au     

Episode 149 - Mark Thomas Mark is the Co-Founder and CEO of Zensports. We discuss the app and entry in Nevada as well as the future of betting in this space.  https://zensports.com/

Episode 148 - Fintan Costello Fintan is the CEO of Bonus Finder and joins the podcast to talk digital marketing, brand, affiliates and providing value to the betting consumers.  - Betting operator marketing  - Revenue share model for gambling affiliates - Adding value or misalignment between affiliates and bettors Website - https://www.bonusfinder.com/

Episode 147 - Dan Shan - Creating your own price vs relying on market price - Manual adjustment based on qualitative factors - CLV and it's place  (@Spotonparts)  

Episode 146 - Harry Crane Harry is a Statistics professor who shares his thoughts on gambling games, hidden risks, naive probabilism and other related topics.   Website: http://www.harrycrane.com/ 

Episode 145 - Richard Schuetz Richard is a gaming executive, consultant and academic with almost 50 years in the gaming industry. We discuss his journey and he shares advice for those considering entering the field.