A podcast about gambling, and life, and their intersection.
Listeners of Risk of Ruin that love the show mention: well produced, well done, first, content.
The Risk of Ruin podcast is a captivating and thought-provoking show that deep dives into the world of gambling and the risks associated with it. Hosted by Marc Cohodes, this podcast delves into the lives of professional gamblers, exploring their strategies, successes, failures, and everything in between. With its excellent production quality and engaging storytelling, The Risk of Ruin keeps listeners on the edge of their seats from start to finish.
One of the best aspects of The Risk of Ruin podcast is its ability to present a balanced perspective on gambling. While it acknowledges the excitement and allure of gambling as a profession, it also highlights the potential downsides and pitfalls that come with it. The interviews with professional gamblers provide valuable insights into their mindset, strategies, and the risks they take. These stories humanize the gamblers and show that behind the glamourous facade, there is often a tremendous amount of hard work, dedication, and resilience involved.
Another standout feature of The Risk of Ruin podcast is its impressive production quality. The episodes are seamlessly edited, with background music adding to the intensity and immersion. This attention to detail not only enhances the listening experience but also reinforces the podcast's professionalism. Additionally, Cohodes' interviewing skills deserve commendation as he knows how to ask insightful questions that elicit detailed responses from his guests.
While there may be few criticisms to be made about this podcast overall, one possible drawback is its niche subject matter. Not everyone may have an interest in gambling or risk-taking as a profession; thus, some listeners might find it less relevant or engaging compared to other topics. However, for those intrigued by these themes or looking for something outside their usual listening preferences, The Risk of Ruin offers a unique and worthwhile exploration into an often overlooked aspect of society.
In conclusion, The Risk of Ruin podcast stands out as an exceptional production that combines professionalism with compelling storytelling. It not only sheds light on the world of professional gambling but also emphasizes the risks involved, making it a must-listen for anyone interested in this intriguing subject matter. Marc Cohodes and his team have done an excellent job in creating an informative and entertaining podcast that leaves listeners eagerly anticipating each new episode.
Domer is a prediction market trader, and is one of the biggest bettors on Polymarket. He talks about his journey from Intrade, to Predictit, to Polymarket. He also talks about the 2024 election, which was a rollercoaster. It featured highs - like backing Kamala Harris before President Joe Biden had even dropped out of the race - and also lows, like being short Trump on election night.Domer also talks about unraveling the mystery of the so-called French Whale.Domer on Polymarket: https://polymarket.com/profile/0x9d84ce0306f8551e02efef1680475fc0f1dc1344Domer on Twitter: https://x.com/DomahhhhSupport the show by subscribing on Substack: https://riskofruinpod.substack.comFollow the show on Twitter: https://x.com/halfkelly
Jake Hoselton is the CEO of Grass Clippings. Pete Wilson is the CMO of Grass Clippings. Howard Lindzon is the Managing Partner of Social Leverage.The guests talk about trying to build a new high stakes par 3 golf league.Links:2024 Grass Clippings Openhttps://www.youtube.com/watch?v=6cX0ktag2kA2024 Good Good Desert Openhttps://www.youtube.com/watch?v=PE7t7K173-UFollow the show on Twitter: https://x.com/halfkellySupport the show links:https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/edit
David Orr is a former poker player turned fund manager. He started out investing with a value bias, and then eventually did a 180 and started shorting value traps. He talks about how his strategy evolved and also his plan to grow his fund.Follow David on Twitter: https://twitter.com/orrdavidSupport the show links: https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/editFollow the show on Twitter: https://twitter.com/halfkellyEmail: risk of ruin pod at gmail
Curtis, Phil, and Reilly are professional sports bettors that provide the valuable service of getting down for originating groups. They are logistics providers in the gambling world. They talk about starting as casino APs, finding sports, and having several hundred thousand dollars taken from them by a sportsbook.Find Reilly on X. https://twitter.com/ValleyBlitz_15Support the show credit card links: https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/edit?usp=sharingEmail us: risk of ruin pod at gmailFollow on X: https://twitter.com/halfkelly
Matt writes the blog "Miles Earn and Burn" which stands alone in the credit card space. He has no ads on the site, and he writes about advanced strategies that don't make it into the mainstream travel blog world. The post that got me interested in having Matt as a guest said basically: go to your local credit union and see if there's anything that you might be able to profit from. In the advantage play world that would be called scouting. In the manufactured spend world it's known as probing. https://milesearnandburn.com/index.php/2023/09/29/taking-a-stroll-to-the-local-financial-district/Email the show: risk of ruin pod at gmailFollow us on Twitter: https://twitter.com/halfkelly
Mr. Doppy became an advantage player hustling the video poker game Ultimate X. Since then he's gone after online sports books, credit card points, and also a state lottery.Mr. Doppy's Twitter account: https://twitter.com/MrDoppyEmail the show: Risk of ruin pod at gmail dot comFollow us on Twitter: https://twitter.com/halfkelly
To this point we've published 33 podcast episodes covering everything from slot machines to hedge funds. This episode is Part I of an attempt to make sense of the guests, and make sense of the domain they operate in.To find the show on all of the platforms check out the Linktree.https://linktr.ee/johnreeder
To this point we've published 33 podcast episodes covering everything from slot machines to hedge funds. This episode is Part II of an attempt to make sense of the guests, and make sense of the domain they operate in.To find the show on all of the platforms check out the Linktree.https://linktr.ee/johnreeder
Kyle Boddy is the founder of Driveline Baseball, which promises data driven performance training. He is best known for training pitchers in baseball. Prior to his career in sports Kyle was a professional gambler. On this episode he tells stories about exploiting online casino bonuses, as well as shuffle tracking, and playing poker.Driveline Baseball: https://www.drivelinebaseball.com/Follow Kyle on Twitter: https://twitter.com/drivelinekyleBlackjack Shuffle Tracker's Cookbook: https://www.amazon.com/Blackjack-Shuffle-Trackers-Cookbook-Arnold/dp/B001CH9S0IBeyond Coupons: https://www.lasvegasadvisor.com/gambling-with-an-edge/wp-content/uploads/2022/02/beyondcouponsbjfo.pdfThe Risk of Ruin Newsletter: https://riskofruinpod.substack.com/?utm_source=substack&utm_medium=web&utm_campaign=substack_profileEmail the show: risk of ruin pod @ gmailFollow us on Twitter: https://twitter.com/halfkelly
Marc Cohodes was the subject of the prior episode titled "Life's Too Short." Marc returns to the podcast to talk about figuring out the FTX scheme, using that to short Silvergate, and Signature Banks, and also the banking turmoil that has followed.Follow Marc on Twitter:https://twitter.com/AlderLaneEggsLife's Too Shorthttps://podcasts.apple.com/us/podcast/lifes-too-short/id1527018692?i=1000498472731Odd Lots episode with Sam Bankman-Friedhttps://podcasts.apple.com/us/podcast/sam-bankman-fried-and-matt-levine-on-how-the/id1056200096?i=1000531062191Alan Lane on the Pomp Podcasthttps://podcasts.apple.com/us/podcast/alan-lane-ceo-of-silvergate-why-bitcoiners-shouldnt/id1434060078?i=1000457223824Risk of Ruin Newsletterhttps://riskofruinpod.substack.com/Follow the show on Twitter: https://twitter.com/halfkelly
Jeff Ma was a member of the MIT Blackjack Team. He told his story to the writer Ben Mezrich, who wrote a book titled "Bringing Down the House." The book was later made into the movie "21" which starred Kevin Spacey, Kate Bosworth, and Jim Sturgess.In addition to blackjack, Jeff talks about his career in tech where he has focused on using data and analytics to create value.Note: an earlier upload contained a claim that the Patriots were caught filming opponent practices. That has been corrected in the episode. They were accused of that, but they dispute it, and there was no evidence found.Links: The Bet the Process Podcasthttps://podcasts.apple.com/us/podcast/bet-the-process/id1291010585Follow Jeff on Twitter:https://twitter.com/jeffmaRisk of Ruin Substack:https://riskofruinpod.substack.com/Email the show: risk of ruin pod at gmailFollow us on Twitter: https://twitter.com/halfkelly
An episode about the ever elusive idea of winning at craps using physical skill, aka dice control. Guests: Advantage player Frank B., PhD economist Robert Scott, and special guest Richard Munchkin.Risk of Ruin Newsletter: https://riskofruinpod.substack.com/Links: Robert Scott's papers on dice controlhttps://digitalscholarship.unlv.edu/cgi/viewcontent.cgi?article=1375&context=grrjhttps://digitalscholarship.unlv.edu/cgi/viewcontent.cgi?article=1415&context=grrjGambling With an Edge episodes on dice control:https://www.youtube.com/watch?v=8iWapKXDCH0https://podcasts.apple.com/us/podcast/gambling-with-an-edge-guest-frank-b-on-dice-control/id459476611?i=1000520531943http://www.slot-machine-resource.com/podcasts/kc.mp3
Evan Tindell is a former poker player and now is the CIO of Bireme Capital. He talks about how he got into the market, and also his value investing based process for finding investments.Follow Evan on Twitter:https://twitter.com/evantindellBireme Capital Blog Post on Meta:https://www.biremecapital.com/blog/pounding-the-table-on-metaRisk of Ruin Podcast Newsletter:https://riskofruinpod.substack.com/Email the show risk of ruin pod at gmail.Follow the show on Twitter:https://twitter.com/halfkelly
In 2022 Elon Musk signed an agreement to purchase Twitter. Then all hell broke loose. This episode is about that merger, the investors that traded it, and the most valuable Twitter follow to come out of the saga.Guests:Chris DeMuth - Rangeley Capitalhttps://twitter.com/ChrisDeMuthJrEvan Tindell - Bireme Capitalhttps://twitter.com/evantindellChance, Editor in Chief of The Chancery Dailyhttps://twitter.com/chancery_dailyMedia Clips Used:Tesla 3rd Quarter Earnings Callhttps://www.youtube.com/watch?v=c_SOWBDCQnMDavid Faber, CNBChttps://www.youtube.com/watch?v=ycx4b9-2nFUYahoo News, Biden Administration Reviewing Twitter Dealhttps://www.yahoo.com/video/u-weighs-security-review-musks-010913575.htmlCarolyn Berger Appearance on CNBChttps://www.cnbc.com/video/2022/07/13/twitter-is-in-a-very-strong-position-to-be-on-the-winning-side-says-ret-delaware-supreme-court-justice.htmlElon Musk Sold Zip2https://www.youtube.com/watch?v=s9mczdODqzoPeter Thiel Comments on Elonhttps://www.youtube.com/watch?v=Y11uX8X6iz4Tesla Shareholder Meetinghttps://www.youtube.com/watch?v=49e7LrxS3FQ&feature=emb_titleSEC Sues Musk Over Funding Secured Tweetshttps://www.youtube.com/watch?v=bjqp7LTb2B4&t=56s
Jim and Dan Pasko talk about their father and son sportsbetting operation. The Paskos use math to find positive EV bets like correlated parlays and player props. Jim Pasko has been a professional gambler for almost his entire adult life, first starting as a backgammon player during the heyday of that game. Dan joined him in professional gambling when they found opportunities with the early internet sportsbooks.Follow Dan on Twitter: @dan_paskoFollow the show on Twitter: @halfkellyEmail the show: risk of ruin pod at gmail.
Erik Seidel and Steve Zolotow were among the gamblers to come out of the storied Mayfair Club in New York City. The Mayfair inspired some of the locations in Rounders, and is also known for the breadth of success that its players have had in poker. The episode covers the history of the club, its bridge and backgammon roots, and the careers of Erik and Steve.Special thanks to Larry Bernstein.Email the show: Risk of ruin pod at gmailTwitter: @halfkellyFollow Erik on Twitter: @Erik_Seidel
Richard Munchkin and Darryl Purpose are career advantage players. Over the past 40 years they've teamed up to win millions of dollars from casinos. In this episode they recount some of the war stories and also offer reflections on the nature of teamwork.Darryl Purpose's music website: https://darrylpurpose.com/Richard Munchkin / Gambing With an Edge: https://www.lasvegasadvisor.com/gambling-with-an-edge/category/podcast/Earlier episode of Risk of Ruin featuring Richard and Darryl: https://podcasts.apple.com/us/podcast/david-goliath-part-i/id1527018692?i=1000493338179James Grosjean's "Beyond Coupons": https://www.lasvegasadvisor.com/gambling-with-an-edge/wp-content/uploads/2022/02/beyondcouponsbjfo.pdfEmail the show: risk of ruin pod at gmailFollow us on Twitter: https://twitter.com/halfkelly
Jason Strasser is the co-founder and Chief Investment Officer of Caption Partners. While in college Jason became a high stakes poker player and was making $100k/month before he left competitive poker for Wall Street. Today he generates his edge trading options, looking for one-off events where the volatility of the options are mispriced by algorithms.Follow Jason on Twitter: https://twitter.com/strassa2Email the show: risk of ruin pod at gmailFollow us on Twitter: https://twitter.com/halfkelly
John Hempton runs Bronte Capital, which generates its excess returns primarily through shorting fraudulent companies. John walks through a hypothetical short, explaining how they find it, how they size positions, and the kinds of returns that can be expected. He also discusses his shorts of Valeant Pharmaceutical and Wirecard.John Hempton on Twitter: https://twitter.com/John_HemptonJohn's Blog: http://brontecapital.blogspot.com/Netflix documentary on Valeant: https://www.imdb.com/title/tt7909184/Email the show: riskofruinpod@gmail.comFollow the show on Twitter: https://twitter.com/halfkelly
Kai talks about leaving the work world behind in favor of early retirement, and the part time pursuit of bank and credit card bonuses. He also discusses Lean FIRE (Financial Independence Retire Early) and how churning bonuses fits into his FIRE plan.Kai's podcast: The Daily Churnhttps://podcasts.apple.com/us/podcast/the-daily-churn/id1577648675Email the show: riskofruinpod@gmail.comTwitter: @halfkelly
Bill Perkins is a natural gas trader, a minor celebrity in the poker world, and the author of "Die With Zero." Bill talks about his start in the markets and becoming an energy trader. He tells the story of almost blowing up during an extremely cold winter.Links:Die With Zerohttps://www.diewithzerobook.com/Bill's Twitterhttps://twitter.com/bp22Bill's Instagramhttps://www.instagram.com/billperkins/?hl=enWSJ Article titled "The Last Cowboy"https://www.wsj.com/articles/bill-perkins-is-the-last-cowboy-betting-on-volatile-gas-markets-1501844400Email the show:riskofruinpod@gmail.comTwitterhttps://twitter.com/halfkelly
Andrew "Bert" Black is a co-founder of Betfair, which is the world's largest betting exchange. He recounts his life in gambling, coming up with the idea for Betfair, and how they managed to win the P2P betting war in the early 2000s. Bert's horse farm: https://www.chasemorefarm.co.uk/Bert's Twitter: https://twitter.com/berttheboldEmail the show: riskofruinpod@gmail.comFollow us on Twitter: @halfkelly
Arnold Snyder and Radar talk about becoming advantage players, a shuffle tracking play on a million dollar bankroll, and how they ended up together.Link to Radical Blackjack by Arnold Snyder: https://www.amazon.com/Radical-Blackjack-Arnold-Snyder/dp/1944877487/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=Email the show: riskofruinpod@gmail.comTwitter: @halfkelly
Mark DeRosa, Zack White, and Rufus Peabody. The story a group of friends from Appalachian State that went on to team up with an econ grad from Yale. They started playing casino games and eventually would go on to bet the max at sports books all over Las Vegas.Follow Zack White on Twitter.Follow Mark DeRosa on Twitter.Follow Rufus Peabody on Twitter.Rufus's betting analytics startup: Unabated.
Mark DeRosa, Zack White, and Rufus Peabody. The story a group of friends from Appalachian State that went on to team up with an econ grad from Yale. They started playing casino games and eventually would go on to bet the max at sports books all over Las Vegas.Follow Zack White on Twitter.Follow Mark DeRosa on Twitter.Follow Rufus Peabody on Twitter.Rufus's betting analytics startup: Unabated.
Houyi went from Yale Law School to a job in finance before he left it all behind to become a professional advantage player. He talks about counting cards, learning to play hole cards, traveling the world, and a fateful poker game in Cambodia.Email the show: riskofruinpod@gmail.comFollow us on Twitter: @halfkelly
Howard Lindzon started his career as a stock broker. In the late 90s he founded a small hedge fund. Then he went on to found Wallstrip and Stocktwits. In 2013 his venture capital fund invested $100,000 in Robinhood.His career illustrates that the delineation between retail and smart money isn't a bright line. As a hedge fund manager he outperformed the S&P despite the fact that he did not have access to the same data used by most big funds. He advocates for, and his career supports, the idea of finding smart people to follow.Website: https://howardlindzon.com/Twitter: https://twitter.com/howardlindzonEmail the show: riskofruinpod@gmail.comFollow us on Twitter: https://twitter.com/halfkelly
Dr. William Ziemba talks about his life working on horse racing, lotteries, and the stock market.Links:Bill's website where you can find his books and a summary of his career. Article on Bill BenterArticle on Jeff YassObit for on Paul MakinArticle on Harry McPikeWikipedia entry for Alan WoodsWikipedia entry for Ed ThorpRisk of Ruin episode about Blair HullEmail the show: riskofruinpod@gmail.comFollow us on Twitter: @halfkelly
Barry Greenstein is in the poker Hall of Fame based on a resume that includes decades as a professional player, and being a regular at high stakes cash games.In this episode he talks about his life playing games including bridge, backgammon, poker, sports, and more. He also tells stories from his 50 years in poker, where he's played with Doyle Brunson, Phil Ivey, Dr. Jerry Buss, Larry Flynt, Andy Beal, and more.Find Barry on Twitter.Find Dealio Poker.The Professor, the Banker, and the Suicide KingAce on the RiverFollow the show on Twitter @halfkelly
The story of Long Term Capital Management as told by LTCM partner Eric Rosenfeld. Eric earned a PhD from MIT, then taught at Harvard Business School, then became a trader at Salomon, then was a founding partner of LTCM.Resources:HBS Study on LTCM dividendEric's talk at MIT in 2009Michael Lewis article on LTCMWhen Genius Failed, Roger LowensteinFollow the show on Twitter: @halfkellyEmail: riskofruinpod@gmail.comWeb: halfkelly.com
The lives of two sharp sports bettors, and one bookmaker. Our guests talk about getting started in gambling, going from losers to winners, and the technology they use to keep their edges.Guests: Spanky, Captain Jack Andrews, and Ray MarinoSpanky's Be Better Bettors: https://podcasts.apple.com/us/podcast/be-better-bettors/id1493902736Captain Jack's Youtube Channel: https://www.youtube.com/watch?v=bH3gZ9jpBZYRay Marino: https://www.bookmaker.eu/Frank B. talks about dice control on GWAE: https://www.youtube.com/watch?v=REZgF55WPng
The lives of two sharp sports bettors, and one bookmaker. The guests expand on the relationship between sharp bettors and bookmakers. Spanky talks about being the target of a government investigation.Guests: Spanky, Captain Jack Andrews, and Ray MarinoSpanky's podcast on closing line value: https://podcasts.apple.com/us/podcast/closing-line-breakdown/id1493902736?i=1000505042641Spanky's interview with Chris Bruno: https://podcasts.apple.com/us/podcast/christopher-bruno-interview/id1493902736?i=1000500772401Captain Jack's Youtube Channel: https://www.youtube.com/watch?v=bH3gZ9jpBZYRay Marino: https://www.bookmaker.eu/
Blair Hull played on the original Big Player blackjack team in the 1970s. He played with Al Francesco, Ken Uston, and ran into other pioneers of the game including Keith Taft. The Francesco teams were the subject of the book "The Big Player". After blackjack Blair moved into the financial markets where he used his proprietary options strategies to turn $25,000 into millions. Blair talks about his life searching for edges, and the lessons he learned.Links: Hull Tactical ETFEmail the show: riskofruinpod@gmail.comFollow on Twitter: @halfkellyThe Big Player on Amazon
Follow Nick Reyes on Twitter.Read his writing at the Frequent Miler.Get the Frequent Miler Podcast on iTunes.Follow Grant Thomas on Twitter.Read his writing at Travel With Grant.Email the show: riskofruinpod@gmail.comFollow the show on Twitter: @halfkelly
The life of video poker pros and slot hustlers, as told by Bob Dancer and Mickey Crimm.Resources:Follow Risk of Ruin on Twitter: @HalfKellyEmail the show: riskofruinpod@gmail.comFollow Mickey Crimm on Twitter: @MickeyCrimmBob Dancer's autobiography, Million Dollar Video PokerGambling With an Edge
The highs and lows of short selling, as told by Marc Cohodes. Marc recounts the war stories from his shorts of iomega, TCBY, Lernout & Hauspie, Novastar Financial, Jos. A Bank, Bally Manufacturing, Direct Focus, and more.Follow Marc on Twitter: @alderlaneeggsMarc's Mimedx Website: http://petiteparkerthebarker.com/Email the show: riskofruinpod@gmail.comTwitter: @halfkelly
The life of a traveling card counter. Casino backoffs, crappy hotel rooms, a converted sprinter van, and more.Guests: SassyRed, Joe748, Ryemo, and DanEmail: riskofruinpod@gmail.comTwitter: @halfkellySpecial thanks to Colin Jones of Blackjack Apprenticeship.
The life of a traveling card counter. Casino backoffs, crappy hotel rooms, a converted sprinter van, and more.Guests: SassyRed, Joe748, Ryemo, and DanEmail: riskofruinpod@gmail.comTwitter: @halfkellySpecial thanks to Colin Jones of Blackjack Apprenticeship.
Card counting in the 1970s and 80s, as told by the people who were there.Guests: Richard Munchkin, Mark Billings, Tommy Hyland, Darryl Purpose.Contact the show: riskofruinpod@gmail.comTwitter: @halfkelly
Card counting in the 1970s and 80s, as told by the people who were there.Guests: Richard Munchkin, Mark Billings, Tommy Hyland, Darryl Purpose.Contact the show: riskofruinpod@gmail.comTwitter: @halfkellyLinks:Gambling Wizards, Richard MunchkinThe Ultimate Edge, Mark BillingsFortune's Formula, William Poundstone
Pilot Episode - A tribute to the Gambling With an Edge podcast.GWAE Archive: https://www.lasvegasadvisor.com/gambling-with-an-edge/category/podcast/GWAE Facebook page:https://www.facebook.com/GamblingWithAnEdge/GWAE Blog: https://www.lasvegasadvisor.com/gambling-with-an-edge/
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