WEBVTT
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Hey guys, welcome back to Wisecracks. John Orondo, Bill Krackenberger.
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We have Derek Stevens, and I've been promising him come
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on to let us know about what's going on in
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this contest. Derek, thanks for coming on.
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Appreciate it. Sorry I missed you last week. I'm getting ready.
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My daughter's getting married here at the end of August,
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so she's got a couple of events going. So I
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got tied up. But I'm glad to be here. I'm
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honored to be here.
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I didn't know you had kids old enough to be married.
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That's right. My son got married in April. Okay, my
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youngest is getting married in August. So I got I
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got a two team parlay in the summer at twenty six.
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Wow, you have an expensive year. Yeah, well great, great. Listen.
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Everyone wants to know about Circus Survivor.
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I'm a guy that likes millions. I like the value.
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I like using overlay a little bit. I like to
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make a little more maybe a little more strategy involved
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with the picking, but some strategy involved in Survivor too,
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But we know there's a lot of luck involved in both.
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What is the current pace compared to last year. Are
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we going to reach these guarantees this year?
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Well, you know, I I obviously want to want to
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want to hit six million in Circle million, right.
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Uh.
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The reason it is, I don't want to take the
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hit and cover cover the overlay to cover the last
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couple of years, a couple of years. But I but
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I feel pretty good right now that we're pacing above
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the six million. I'm gonna put a pitch in for
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Circle million. You'll you'll like this.
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I think it.
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I think this is you know, obviously a contest we
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take no break, but I think this is a very
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positive ev contest. So here's the reason. We're gonna take
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a million two out of that six million, and that
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goes into the quarters. Anything over six million, it's going
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into the quarters. So at a minimum twenty percent of
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the price, well maybe more if we go over, goes
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into the quarters. And why this is important is because
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you're gonna see a lot of people as the season
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goes on, fade away from putting picks in. So let's
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just say, you know how we always talk about this
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no pick scenario. Sure, so let's say on opening week,
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maybe we have a couple hundred people with no picks,
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not a six million. Okay, that's a three percent advantage,
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you know, right there. On an EV perspective, that also
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has an impact on the quarter. But then as the
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quarters go on, by the time you get to the
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third quarter, maybe you're only going to have seventy five
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percent of other people put picks in. By the fourth quarter,
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maybe sixty percent. So when you think about each quarter
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is worth five percent and then all of a sudden
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only seventy five percent are going in, well's that's another
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one point two five percent of EV right there, and
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a little bit more in the fourth. So I view
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this contest between the no picks and then there's people
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maybe lose interest towards the end. Effectively, we're probably looking
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at a probably a positive six percent seven percent EV
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and that doesn't even matter how big it gets. So
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I think with the EV guys, circum million is where
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you got to focus.
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Like I said in the beginning, especially with the saying
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is people forget to put picks in. But even if
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you put picks in and you start out bad doing
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you know, maybe you're zero to ten the first ten weeks.
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The first two weeks you say, oh, this contest, I'm
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dead and then maybe after the first quarter or second
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quarter you lose interest. Well, there's still contests within the contest, right,
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and that's what brings them in. And by the way,
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something we didn't mention in these contests.
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You get a free hat. No, no, something we didn't mention.
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No, you do get a free at, but no rake,
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no rake, that's the biggest thing.
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No rake contest.
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One of my questions and I usually never I'm usually spontaneous,
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but I even wrote down, how do you continue to
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do this year after year with no rake? Because I'm thinking, yes,
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it does bring a lot of foot traffic and people
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come in sign up, they stay at CIRCA. But it
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still cost you, guys a lot of money to put
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these on.
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Am I saying the right thing?
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And it would cost you a lot of money for
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someone just your system and to maintain and people that
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are involved.
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It does cost more.
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Yeah, I think. I think sometimes people don't understand the
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cost of the cost of putting a contest on like that.
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You know, when we first started this with no rake,
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we kind of thought, well, that's kind of a different approach,
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But then I really thought, you know, the rake A
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lot of people when you're playing it, you get worried
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about their rate, and we thought, okay, this would be
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a good marketing plan. What a lot of people don't understand,
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whether we had a rake or not, that's a small
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percentage of what a cost to run the contest, right right,
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you know recently, you know, it's a little new competition
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online this year, and they got an eight percent rake
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on the contest. I don't think they understand it cost
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us seven million dollars to run these contests.
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I didn't that much.
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Yeah, I mean we've a massive loser. So like to me,
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I'm wondering, why would somebody else want to do this
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unless you have a different way of monetizing it. It
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doesn't make sense to me. Plus, you know, I mean,
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think about the advertiser we're doing with the San Diego Padre,
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We're with the Chicago Cup, Chicago White Sox. We have
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all the radio we got forty different radio stations across
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the country. We fund a docu series about the whole series. Yeah,
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you know you and then and then we got and
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then we've got all of all the compliance costs and
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all the million customers. So yeah, this year, this year,
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it'll probably cost us about seven million dollars to run
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our contest. So that's a long way to answer your question.
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Is it worth it. Yeah, we still think it's worth it.
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But but obviously the obviously for us, the key thing
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is getting people to serve because what happens is, you know,
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over the course of over the course of let's say
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the month of August and the first uh, the first
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two weeks of September, we're probably gonna pick up an
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extra two million dollars of food revenue. We're gonna pick
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up an extra you know, I you know, I could
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say two million dollars a hotel of revenue. But a
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lot of this is comp revenue. But when you get
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the we get the players in, what are they gonna do. Well, yeah,
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they're gonna get a comper room, but maybe they're gonna
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you know, they get the free entry to stadium swim,
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but maybe they're gonna want to ball out. They're gonna
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take it. They're gonna take a commander for five thousand.
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So when you think about the impact in the stadium swim,
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that's probably worth an extra million to a million five
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throughout the course of the summer. Then you start thinking about, okay, well,
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what about beverage, Well, beverage is a significant part of it.
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Bars and then and then you know, we haven't even
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started talking about the gambling side. You know, people that
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buy ten entries into Circa Circa survivor Circle millions, they
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have a high perpensive and you maybe hit a blackjack
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table and then you know you're always sitting around a bar,
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your little video poker. And then guess what, it's some
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big chunk of our futures be in here. When people
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are coming into these contests, what do they also do, Hey,
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give me, give me twenty five thousand on the Chiefs
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to win the super Bowl. I want a letter and
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I want twenty five thousand Chiefs the division. She's the
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conference chief the super Bowl. And the next thing, you know,
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the guy from Buffalo those same thing, twenty five thousand
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across the board. You know. So those are the elements
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that come in. And then for us to take it
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to the next step is that we get to meet
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a lot of customers that would have walked into our place.
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And when they walk in, many of them might like it.
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They might be they might be Bellagio customers, or they
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could be are you customers, They could be Caesar's Palace.
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Customers win customers, and they come down here and like,
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oh we like it. Whether they ever end up coming
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to staying here down the road, maybe maybe not, but
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you know, they might be coming back in October for
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a college football weekend. They may be coming out for
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Super wild Card weekend. So this contest has some legs
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to it that has impact. You know, I don't look
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at this like what's the cost to run the contest,
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you know, that's the one thing, but it's it's how
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we develop customers and how our casino hosts get to
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develop these relationships, how these relationships get developed with these proxies.
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I mean, this is all part of this ecosystem. So yeah,
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for us to run the contest year kind of we
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looked at them like between the advertising. Now I do
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get the ability to put the foot on my foot
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on the gas every now and then, I mean, you know,
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you gotta you gotta, you gotta go go to the
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gas station. You get a little advertisement right there. You
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gotta right, so we can add or some practice, we
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get closer, you know, electronic billboard throughout towns.
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Like the airport coming.
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Then you get hit with you know, so you can't
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get into Vegas without saying it.
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So I don't have a fix.
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I don't have a fixed cost, but I would say
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seven million, give or take. Usually I add a little
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more at the end of booster. But yeah, that's what
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it costs us to run. Then run the contest.
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How about how transparent?
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It's great transparent these big corporations that branding, you.
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Know the value.
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It's like you said earlier, you said, there's the contest
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within the contest. You basically created the season within the season.
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Like you already know you're gonna be busy football season
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just by the nature of football season.
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But now it's like you own football.
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Season when you do something like this for all those
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reasons you just mentioned, it's really it's it's genius. But
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you've always been a visionary, I mean to I told
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you the first time you were on wisecracks with us
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a few years ago.
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Like I thought, but before I ever.
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Met you, I thought you were crazy for building this downtown.
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I was like, that's never gonna work.
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I couldn't have been more wrong, Like you literally made
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downtown what it is.
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Well, you know, for us, I always think of business,
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no matter what business you're in. Could be a restaurant,
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could be it could be software development, it could be
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Casito hospital. You gotta focus in on and you gotta
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know your customer, and then you got to focus on
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the customer. You could be wrong. I mean, business is tough,
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but if you focus on one thing and you focus
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on the customer and you try to come up with
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an experience that a customer would or want, I think
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you're going down the right path for me. You know,
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I'm not an art guy. I'm not cultured in that manner,
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so I wanted to stay the hell out of that.
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But I love sports. I love sports gambling. I've been
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coming here since I've since I've been under twenty one,
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and we all were and you know, for me, I
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always thought about those moments in my life that impacted me,
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Like that moment I walked in to Caesar's Palace the
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first time at that sports book, I go, WHOA, that's
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that's ingreat. That's a memory I'll never be the first
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time I walked into the Las Vegas Hilton, I thought,
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oh my god, the greatest joint I ever seen. It's unbelievable.
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And I wanted to create something that would attract people.
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And I thought, well, you know, we're not going to
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have eight thousand hotel rooms here, so I'm not going
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to compete on hotel rooms. I don't have the money
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to do that. I don't really want to do that.
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But I wanted to create something that was best in class,
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that attracted a demographic of people that were somewhat like minded.
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And I know when people come to Vegas, a lot
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of them are very very loyal to Caesar's properties. Maybe
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there's a Caesar's property of their hometown, so they got
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all the points they're gonna stay. See, maybe there's people
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that are loyal to MGM properties. Maybe there's people that
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are loyal to win property. Maybe there's people that are
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loyal to their Hiatt points or their Hilton points or
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their Mariatt they're bonvoid points, They're gonna stay somewhere else.
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So let's not focus on the hotel component, but let's
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focus in on a subset of the hotel there's one
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hundred and sixty thousand hotel rooms in Vegas. A certain
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presentatives of those people that are gonna be in those
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rooms tonight are big time sports fans. And if you're
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big time sports fans. Wouldn't you want to come out
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and see the world's largest sports book. So I'm really
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trying to take you know, a few people from every place,
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even Airbnb's whatever stuff. And this is a great place
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if you love sports, you love math, you love numbers,
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you love gambling. This is why I wanted to attract.
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And you're here every Sunday watching the games too, even
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though Sunday is usually a day off for most executives people,
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but you are during the season though you're kind of
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here most of the Sundays.
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I love it.
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I love it. I mean, I mean, and the way
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things are going, I might be here even more. I'm here.
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I'm here a lot, but but I mean this streaming
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stuffs for the birds bill, right, I'm telling you, I
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got to see every gate, right. You know, you know
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this this thing and going on. You like this change,
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I mean, you know you're flipping back. It's I mean,
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this is like one of those things that's new and improved,
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but actually it's new and worse, you know, in the
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old days. I mean, I think we all love Sunday ticket,
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we all love the reds be able to watch all
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the I gotta watch all the gates. I don't want
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to have I don't want to have any buffering, and
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that and the latency shot me crazy. I'm watching my
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phone all the time. I cannot deal with a sixty
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five second ninety second late are you kidding? And that's
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just terrible.
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It is that long. It is that long of delay,
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and uh, you know, where else can you go? I
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said this multiple times on all my platforms. I just
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talked about this on Fox Sports Radio. I talked about
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you a couple of weeks go on Fox Sports Radio.
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I said, where else can you go? Go into a
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casino and say.
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Hello to the owner.
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He's happy to shake your hand, Bring you in, Come
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to the bar, the bar, right, come to the bar.
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I just said it for sometimes Berry's dinner. And yeah, no,
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it's just so cool. And there's just not there's not
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a lot.
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Of old school vibes and old school transparent people. You
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just said so much stuff that you didn't have to
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say how much you spend on this?
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This?
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This?
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People want to know this. I've been asked this the
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multitude the time. I've been saving this question. When can
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they play these contests at your other casinos outside of Nevada?
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Now? That's going to take a lot.
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I guess I might even violate the sixty one wiret.
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I don't know how how these how these contests work.
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When are is circa When when is the survivor going
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to be maybe more of a national contest?
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Are you shooting for that? That may be very costly too.
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So so let me answer you your last question first,
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All right, are we shooting for a national contest? I
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would tell you the answer to that is it depends.
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It depends on the regulatory environment, and it depends on
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the story. If we were to offer any of our
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football contests out of state where people could register remotely, yes,
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I already said what it costs to run these things, Well,
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there's going to be a rate on it. You got
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to pay for We run a no rate contest by
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and our business model. I gave you all the different
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benefits we have of having people come here. So if
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we were to do something where you can sign up
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in Illinois or Kentucky or in the future in Arizona,
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things like that, it would depend. So is that a goal?
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Not necessarily, but it depends on how the regulatory environment
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shakes out. I would also say that based upon our
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legal console. We are of the belief is still not legal,
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and because we have a gaming license sure in six
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jurisdictions seven coming up early next you're in Arizona. Huh.
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I don't want to risk our our gaming license because
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we currently believe doing that is not legal. There's a
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couple of lawyers that have put out some white papers
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that say it's legal, but it's never been tested. And
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I'm certainly not going to risk that because I don't believe.
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I don't believe that to be a legal scenario today
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for multiple reasons.
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I got you, I got you. John, We've taken enough
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of his time here.
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Well, I have one quick question.
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Uh, you know, I play a lot of poker, played
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just got done playing a World Series of Poker for
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this whole summer. Michaels I got Bill back into the
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poker scene.
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Last year he played the he played the senior event.
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This year he played the main event.
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What do we gotta do to get you to play
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either the senior event or the He's not.
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A senior yet, I'm a senior, right, I'll take whatever
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advantage I got right or the main event next year?
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Can it happen?
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Would you ever do it?
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I would tell you a I don't know how to
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play poker. Okay, yeah, I will tell you I don't
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know how to play poker. Like everybody asked, I, do
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you not know how to play poker? I go, well,
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so many like I enjoy it. I've played. I've played
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in two games in in the last two years. Both
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were charity events, Greg Mannox's event that we do we
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do it here, so I get a seat at the
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Greg Mannocks event. So I enjoy it. But I will
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tell you, like I I needed help, you know, I
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couldn't like I wasn't sure it was a straight better
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than a flush or not.
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That's kind of.
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Where so that's kind of my love. Can I do it?
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For the social aspect, I enjoy watching these arrivals at
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the main event. Wherever I would get posted or whatever
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table I would at, I would be considered a lamb.
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He has given it sacrifice to the other eight guys
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at that opening table. But I would do it. I
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would do it for a lot of fun. Yeah, well,
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I would wear I would wear a logan.
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You know.
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Media Circuit were a kid, though you were in Michigan
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as a kid, you guys didn't play poker games and
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as a kid.
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But first of all, did your dad allow gambling?
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No? No, I uh, there was there was no poker
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and there was no poker in my house. So there's
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no poker within my friend's set. It was even when
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I went to college. I think maybe I was of
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the ear that was a little bit before the poker
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it was. I was, I was out of college before
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the money Maker, Like I went away. What was the
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moneymaker year two thousand and two. Oh, yeah, I was.
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I was way out of college like Rounders movie Rounds
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came out, like nineteen ninety eight.
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Yeah, I was out of college. So I so poker wasn't.
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I can tell you, I like we gambled on football.
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I can tell you that every single guy in my
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frateririty was betting on a game. All we were all
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into that. But I can tell you I don't remember
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anybody ever say hey, you want to play a poker game.
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00:18:07.759 --> 00:18:09.759
But just it wasn't a thing back in It wasn't
381
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a thing back in the late eighties and early nineties.
382
00:18:13.440 --> 00:18:14.799
Sports betting was though a little bit.
383
00:18:14.839 --> 00:18:18.759
Sports betting it certainly was, I mean absolutely, but poker
384
00:18:18.839 --> 00:18:21.519
just was never never. No, there's nothing against it, but nobody.
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I would think, like, if I can take myself back
386
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to here and say, hey, let's go play Texas, hold them,
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I would bet very few people would have known the rules.
388
00:18:29.599 --> 00:18:33.279
What was your business before these casinos?
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00:18:33.319 --> 00:18:35.759
What was your business before? People don't know?
390
00:18:35.920 --> 00:18:38.880
But what did you do before you ventured into the
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00:18:38.880 --> 00:18:39.880
old Fitzgerald's right?
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That was FitzGeralds.
393
00:18:41.079 --> 00:18:42.279
Golden Gate was my first one.
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Oh, Golden Gate.
395
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Okay, two thousand and six, Golden in Vegas?
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00:18:45.160 --> 00:18:47.640
Twenty years Okay, what did you do with twenty five
397
00:18:47.720 --> 00:18:48.119
years ago?
398
00:18:48.240 --> 00:18:53.960
I ran an automotive manufacturing company in Detroit. Right, make
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00:18:54.000 --> 00:18:54.799
parts for cars.
400
00:18:54.640 --> 00:18:56.319
Make parts for cars. You just decided to come out
401
00:18:56.319 --> 00:18:57.440
to Vegas and take a shot.
402
00:18:57.480 --> 00:19:01.079
Well, I made parts for cars, will make parts for cars,
403
00:19:01.680 --> 00:19:05.920
So it's still a business I'm in. But I always
404
00:19:06.000 --> 00:19:09.920
wanted to grow a business, and I i I really
405
00:19:10.359 --> 00:19:15.279
came to love my automotive manufacturing business. But what I
406
00:19:15.359 --> 00:19:18.039
love is I love taking a business and growing a business.
407
00:19:18.079 --> 00:19:23.480
I love growing teams, building building up teams, growing growing businesses.
408
00:19:23.559 --> 00:19:29.039
And I felt that to grow a business as quickly
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as possible, I needed to go to a state that
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didn't have an income tax, so so frankly I was,
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I focused in on four States, and I knew I
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wanted to keep my business on on auto parts of manufacturing.
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I'm still the CEO of that company. I'm I'm it's
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still it's a good, great, great business. But we plow
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00:19:52.960 --> 00:19:56.000
everything back into our businesses. And if we were paying
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state income tax that allows that that reduces how much
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you could put back into future businesses. So I looked
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at I looked at four States. I looked at Alaska,
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I looked at Nevada, I looked at Texas, and I
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looked at at Florida. Florida was more real estate orientated,
421
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and that didn't really excite me. Plus I didn't I
422
00:20:15.440 --> 00:20:23.079
don't like the humidity Texas with great respect and reverence,
423
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I thought. Man, at my age, I was in my
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late thirties, I go, I did not grow up talking
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about natural gas and oil at Thanksgiving dinner, and I
426
00:20:35.519 --> 00:20:38.160
think you got to really start talking about like I thought,
427
00:20:38.200 --> 00:20:39.839
I was a little too old to get into what
428
00:20:39.880 --> 00:20:42.599
I considered to be a business that I didn't want
429
00:20:42.599 --> 00:20:45.359
to go through the learning curve. There a last guy
430
00:20:45.359 --> 00:20:47.559
I just thought was too far away and it's too
431
00:20:47.680 --> 00:20:48.400
damn cold.
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And even though you were in Michigan a little bit
433
00:20:51.240 --> 00:20:51.759
too cold.
434
00:20:51.839 --> 00:20:54.079
And then and then you know, it wasn't really our
435
00:20:54.240 --> 00:20:57.359
decision because I'd been coming out to Vegas. Like I
436
00:20:57.400 --> 00:21:00.960
said earlier, so before I was twenty one. I love Nevada.
437
00:21:01.279 --> 00:21:04.559
I love the weather, I love the sunshine. I love
438
00:21:04.640 --> 00:21:09.160
the people. I love I love the convention and the
439
00:21:09.160 --> 00:21:12.640
hospitality element. And obviously I love sports, and I love gambling.
440
00:21:12.680 --> 00:21:14.799
I love the events. I mean, to me, what I
441
00:21:14.960 --> 00:21:19.559
what I find exciting. Whatever city you're in, whatever city
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00:21:19.599 --> 00:21:23.039
you're in on let's just say a Friday afternoon could
443
00:21:23.119 --> 00:21:25.759
be coming out of New York. I've taken flights from
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00:21:25.759 --> 00:21:29.880
these cities coming into Vegas on Friday afternoons. I've done
445
00:21:29.920 --> 00:21:33.240
it from uh I've done it from Newark. I've done
446
00:21:33.279 --> 00:21:35.559
it from Atlanta. I've done it from Cincinnati. I've done
447
00:21:35.559 --> 00:21:37.680
it from Minneapolis. I've done it from Seattle. I've done
448
00:21:37.680 --> 00:21:41.119
it from San Francisco. I've done from San Diego, La Phoenix.
449
00:21:41.720 --> 00:21:47.519
There's nothing like a Friday afternoon flight into Las Vegas.
450
00:21:47.640 --> 00:21:50.599
When you're in that when you're in that fuselage, the
451
00:21:50.799 --> 00:21:54.079
energy in the plane is it's different. It's different. Than
452
00:21:54.119 --> 00:21:56.359
if you go to any other city in this country.
453
00:21:56.680 --> 00:22:00.599
It's amazing. People are excited. And I just always felt
454
00:22:00.599 --> 00:22:03.400
it myself coming from Detroit all the time. And you
455
00:22:03.440 --> 00:22:05.160
remember one of the first few years I was out here,
456
00:22:05.200 --> 00:22:07.880
my kids were still in high school. So I flew
457
00:22:08.440 --> 00:22:11.559
back and forth every week for about four years to Detroit,
458
00:22:13.160 --> 00:22:16.279
and there was something special about when you get on
459
00:22:16.319 --> 00:22:18.279
that flight. You know that you could feel it. You
460
00:22:18.319 --> 00:22:20.359
could it's a little bit different coming in. And when
461
00:22:20.400 --> 00:22:22.759
you see the lights, you know, that's where these myths
462
00:22:22.839 --> 00:22:25.559
all they add oxygen at casinos now it's everybody gets
463
00:22:25.559 --> 00:22:26.720
all hyped though, because you're coming.
464
00:22:26.880 --> 00:22:28.440
We talked about that in the last week's show, the
465
00:22:28.480 --> 00:22:31.480
Myth of Oxygen, and you know, yeah, so and there is.
466
00:22:31.519 --> 00:22:33.559
And then sometimes you fly back where I was flying
467
00:22:33.599 --> 00:22:36.559
back to either New York, Newark or Philly, there's a
468
00:22:36.599 --> 00:22:39.640
difference on the plane. It's quiet going back. My father
469
00:22:39.880 --> 00:22:43.200
old school, he used to get so upset, almost tear up.
470
00:22:43.240 --> 00:22:45.880
He didn't want to leave flying back to Nork. So
471
00:22:46.039 --> 00:22:48.799
it is a big difference though, and uh, anything else
472
00:22:48.839 --> 00:22:50.000
for Derek, we really appreciate it.
473
00:22:51.920 --> 00:22:54.160
I have watch envy.
474
00:22:54.160 --> 00:22:55.480
Oh it's amazing.
475
00:22:55.559 --> 00:22:57.519
I love this one. This is my I bought this.
476
00:22:57.920 --> 00:23:02.039
I bought this when F one was what was coming
477
00:23:02.079 --> 00:23:05.039
here because I saw Richard mill was a was a
478
00:23:05.119 --> 00:23:07.920
sponsor for one. Yeah, I didn't know much about one.
479
00:23:07.960 --> 00:23:08.400
I watched.
480
00:23:08.400 --> 00:23:12.279
I watched the series on Netflix. Enjoyed that. Yeah, And
481
00:23:12.319 --> 00:23:14.279
I was never a watch guy. So I had a
482
00:23:14.319 --> 00:23:17.599
couple of watches, and uh, and Nicole and I were
483
00:23:17.640 --> 00:23:19.519
talking and that I'm gonna go buy a watch. So
484
00:23:19.680 --> 00:23:22.079
you're a watch guy. Now this is this. I love
485
00:23:22.160 --> 00:23:25.720
this little sixty seven. It's comfortable. Now it's my daily watch.
486
00:23:25.839 --> 00:23:26.200
I love it.
487
00:23:26.440 --> 00:23:30.279
Nice. Yeah, thank you for doing this. Thank you guys, Thank you.
488
00:23:29.759 --> 00:23:33.359
All right, Hey guys, bringing a couple more friends. Chris
489
00:23:33.359 --> 00:23:36.240
de bart FeliCa, Jeff Schwartz, my co host on Fox
490
00:23:36.279 --> 00:23:42.799
Sports Radio, and guys, what are you doing here? I'm
491
00:23:42.799 --> 00:23:44.480
so happy that Jeff's wife let him come out.
492
00:23:44.519 --> 00:23:48.079
You know, a lot of pressure on this. Many times
493
00:23:48.079 --> 00:23:50.000
she's texted me what's he doing?
494
00:23:50.680 --> 00:23:50.759
What?
495
00:23:50.839 --> 00:23:51.000
You know?
496
00:23:51.880 --> 00:23:51.920
What?
497
00:23:52.240 --> 00:23:53.799
Why is there more money out the bank account?
498
00:23:53.839 --> 00:23:55.559
Going yeah, exactly, I never can't.
499
00:23:55.640 --> 00:23:57.559
Why is it always coming out and not coming in?
500
00:23:57.799 --> 00:24:00.119
She actually asked me that last week. She goes, you
501
00:24:00.119 --> 00:24:02.000
you always put money? Give me I just look, I
502
00:24:02.079 --> 00:24:02.559
just spend it.
503
00:24:02.799 --> 00:24:04.200
You know, I never asked you this, Jeff.
504
00:24:04.319 --> 00:24:06.559
Now, before you played eight years in the NFL, were
505
00:24:06.599 --> 00:24:07.400
you with your wife then?
506
00:24:07.880 --> 00:24:08.160
Were you?
507
00:24:08.400 --> 00:24:10.119
I met her when I first got in the NFL,
508
00:24:10.279 --> 00:24:12.039
when you first got there, so like she knows me.
509
00:24:12.079 --> 00:24:14.559
Like we had nothing when I was a practice squad player,
510
00:24:14.920 --> 00:24:18.000
much less money. She was a medical assistant. And obviously
511
00:24:18.039 --> 00:24:19.920
I'm where i'm and she's now executive bosketball.
512
00:24:20.000 --> 00:24:23.920
So you still got it working. She's that's great. I'm
513
00:24:23.920 --> 00:24:24.880
so glad you gotta work.
514
00:24:24.880 --> 00:24:27.240
One of it is is that she has to work,
515
00:24:27.319 --> 00:24:29.519
otherwise I don't know what you could do all day.
516
00:24:29.559 --> 00:24:31.160
She's like a type A like, I don't know what she.
517
00:24:31.079 --> 00:24:31.880
Would do with her life.
518
00:24:31.920 --> 00:24:35.359
She comes out here to this electric daisy thing ec ADC.
519
00:24:35.720 --> 00:24:39.039
Yes, yeah, so it's partying, going crazy, yeah.
520
00:24:39.119 --> 00:24:42.559
And then she'll handle higher ing twenty docars.
521
00:24:42.200 --> 00:24:42.519
In the mouth.
522
00:24:42.640 --> 00:24:43.759
Someone's sharing what happened.
523
00:24:43.799 --> 00:24:48.759
Someone's sharing for the dodgersatani at home run. So guys,
524
00:24:48.799 --> 00:24:51.000
you know we're talking about anti Dodgers things.
525
00:24:51.160 --> 00:24:53.480
The Dodgers have lost five in a row. Yep, five
526
00:24:53.519 --> 00:24:53.799
in a row.
527
00:24:53.880 --> 00:24:56.519
I think the fifteen and thirteen, so they get that
528
00:24:56.559 --> 00:24:58.640
they get the big trade. And on Sunday, I think
529
00:24:58.640 --> 00:25:04.400
the Saturday Sunday Saturday Night and everyone's back. We interviewed
530
00:25:04.400 --> 00:25:07.119
the director of risk of bet MGM, and he's everyone's
531
00:25:07.160 --> 00:25:10.319
firing Dodgers, super Bowl, Dodgers World Series, Dodgers players, Dodgers.
532
00:25:10.640 --> 00:25:12.000
And at that point, you're too late.
533
00:25:12.279 --> 00:25:13.000
It's too late.
534
00:25:13.640 --> 00:25:16.279
Everyone has adjusted. I made a video on it Sunday
535
00:25:16.680 --> 00:25:20.759
and uh, yeah, listen. Are they the favorites? Yes, should
536
00:25:20.759 --> 00:25:23.759
they get there? Absolutely? Should they win the World Series? Oh,
537
00:25:23.759 --> 00:25:26.359
they have the talent too, but I'm not betting with
538
00:25:26.400 --> 00:25:27.119
the current odds.
539
00:25:27.240 --> 00:25:30.039
Looking last year they went out one out away from losing.
540
00:25:30.160 --> 00:25:34.599
Yeah, arguably should have lost.
541
00:25:34.920 --> 00:25:38.480
Went and two years ago against San Diego, they're throwing
542
00:25:38.519 --> 00:25:41.319
a bullpen game for survival in the first ground and
543
00:25:41.359 --> 00:25:44.720
they wanted while they have the best team, it's baseball.
544
00:25:44.759 --> 00:25:48.079
It's so land of anything like like they couldn't run
545
00:25:48.079 --> 00:25:53.440
into NS twice another five years lose like as possible.
546
00:25:53.839 --> 00:25:55.599
So you guys, do you guys come to hear it
547
00:25:55.640 --> 00:25:58.440
to town for bet Bash every year or just you're
548
00:25:58.440 --> 00:25:59.240
doing your podcast.
549
00:25:59.240 --> 00:26:02.279
This is the first all right, we Spanky, we reached
550
00:26:02.319 --> 00:26:03.960
out and invited us to do it this year, which
551
00:26:03.960 --> 00:26:05.559
you're happy to do it. It's great to come out
552
00:26:05.599 --> 00:26:07.079
here and see everybody say it.
553
00:26:07.079 --> 00:26:10.559
We'll do aren't theat Yes? Aren't that people?
554
00:26:10.799 --> 00:26:14.920
That's the thing people about And not to name other
555
00:26:15.039 --> 00:26:19.039
names or remembering the past, how the super Book.
556
00:26:18.920 --> 00:26:21.319
Used to do, like the symposiums and the panels.
557
00:26:21.519 --> 00:26:23.799
Yeah, used to love to come out every year and
558
00:26:23.839 --> 00:26:26.359
do them, meet a bunch of people. They were great
559
00:26:26.519 --> 00:26:29.000
and I've missed that so much. And this is an option.
560
00:26:29.039 --> 00:26:30.400
It's kind of the same type of app.
561
00:26:30.519 --> 00:26:32.079
You're on Fox now, yes?
562
00:26:32.160 --> 00:26:32.400
Right?
563
00:26:32.559 --> 00:26:34.920
And now do you do Fox every weekend?
564
00:26:35.440 --> 00:26:35.759
Friday?
565
00:26:35.839 --> 00:26:36.440
Is it every day?
566
00:26:36.440 --> 00:26:39.400
Your weekend big noon kickoff wherever wherever the show is
567
00:26:39.400 --> 00:26:42.200
from catching noon on on on Fox before that noon
568
00:26:42.240 --> 00:26:44.440
game and then we do the bare Bets show three
569
00:26:44.440 --> 00:26:45.000
times a week.
570
00:26:45.039 --> 00:26:46.920
We do one Monday to is that you guys together.
571
00:26:47.119 --> 00:26:49.599
It's myself, Jeff, Sammy, p Will.
572
00:26:49.480 --> 00:26:52.039
Hill and every night okay, good guy who's.
573
00:26:51.799 --> 00:26:55.519
Settling on Friday? So yeah, Monday Thursday in New York
574
00:26:56.039 --> 00:26:58.839
we do. We do the Thursday show in New York. Yes, Monday,
575
00:26:58.839 --> 00:27:01.440
we fell from Home Friday with them from sight with
576
00:27:01.519 --> 00:27:02.480
myself in Blue Stelping.
577
00:27:02.839 --> 00:27:04.960
Nice you fly to there.
578
00:27:05.039 --> 00:27:06.720
I play the ook every week, so we do this
579
00:27:06.759 --> 00:27:08.640
report Thursday, I come home.
580
00:27:09.000 --> 00:27:10.599
He then goes off to wherever he goes for.
581
00:27:10.720 --> 00:27:14.680
Can you take off with got until probably Midgejanuary?
582
00:27:14.759 --> 00:27:15.039
Really right?
583
00:27:15.079 --> 00:27:16.440
Yeah, yeah, until he was over.
584
00:27:16.599 --> 00:27:18.640
So my big question, the reason why I wanted that
585
00:27:18.759 --> 00:27:21.640
he's on. Do either you or if you participate in
586
00:27:21.720 --> 00:27:23.519
Survivor or Millions?
587
00:27:23.680 --> 00:27:23.839
Yes?
588
00:27:23.880 --> 00:27:24.240
And yes?
589
00:27:24.440 --> 00:27:26.839
Oh okay, I yeah, I just entered a couple of
590
00:27:26.920 --> 00:27:30.880
Survivor and I had not entered Millions for a while,
591
00:27:31.559 --> 00:27:33.799
just because I felt like I was kind of dead money.
592
00:27:33.799 --> 00:27:35.680
But I was like, you know what, why didn't I
593
00:27:35.720 --> 00:27:38.640
take one less Survivor and now went through a millions.
594
00:27:38.680 --> 00:27:39.960
We'll be a little bit of an overlap.
595
00:27:40.039 --> 00:27:41.599
We're going to be a little bit over and over lady,
596
00:27:42.079 --> 00:27:45.160
and maybe we get a season in the NFL where
597
00:27:45.160 --> 00:27:48.000
it kind of reverts back to what it had been
598
00:27:48.039 --> 00:27:50.440
in the past, where it's a little more contrarian and
599
00:27:50.640 --> 00:27:53.920
isn't necessarily favorite covering into ridiculous flip every week.
600
00:27:54.000 --> 00:27:56.880
So if it's that, you get that, and then they're.
601
00:27:56.680 --> 00:27:59.480
Always alive for either a booby prize or a quarterly
602
00:27:59.880 --> 00:28:00.920
or opportunity is going in.
603
00:28:01.519 --> 00:28:03.480
I don't. I don't want to press any buttons and
604
00:28:03.519 --> 00:28:03.920
get sure.
605
00:28:04.039 --> 00:28:08.359
Sure, but I while I love Survivor, I love it.
606
00:28:08.359 --> 00:28:10.759
It's great. Do you get the Saints?
607
00:28:10.839 --> 00:28:13.240
Maybe Survivor now with a little bit more of a
608
00:28:13.480 --> 00:28:16.039
bank roll type tournament, with a little bit of the
609
00:28:16.079 --> 00:28:16.920
poker bros.
610
00:28:17.119 --> 00:28:19.480
Derek just said something I never even realized people that
611
00:28:19.640 --> 00:28:23.200
Survivor you're doing bad, and you say to yourself, if
612
00:28:23.200 --> 00:28:26.000
I'm doing not doing good, forget about. They don't realize
613
00:28:26.039 --> 00:28:28.880
there's contest within the contest and there's some value there
614
00:28:28.920 --> 00:28:31.720
maybe towards the end, people not putting in that quarterly thing.
615
00:28:31.880 --> 00:28:34.960
So yeah, it should be great. So I just wanted
616
00:28:35.000 --> 00:28:36.640
to get a couple of minutes with you guys. And
617
00:28:36.680 --> 00:28:39.680
you guys are doing your podcast today. You're flying out, Yes,
618
00:28:39.920 --> 00:28:43.480
you're flying back out Thursday. Good good, well, good, Thanks
619
00:28:43.480 --> 00:28:44.119
for coming on, guys.
620
00:28:44.160 --> 00:28:45.079
Thanks, thanks, thanks.
621
00:28:45.279 --> 00:28:46.240
Don't even get asked for a pick.
622
00:28:46.680 --> 00:28:48.799
Oh you want to give us a pick? We want
623
00:28:48.839 --> 00:28:51.000
to pick. Give it. Get the guys some place.
624
00:28:51.160 --> 00:28:53.000
I played Georgia up plus two eighty to win the
625
00:28:53.079 --> 00:28:54.759
SEC might be able to find a better.
626
00:28:54.599 --> 00:28:57.359
Brights Okay, I think they're good. Did I say Rescue station?
627
00:28:57.519 --> 00:29:00.400
He said, we like Miami when they like to it's
628
00:29:00.440 --> 00:29:00.960
the same time.
629
00:29:01.480 --> 00:29:03.599
It's the same type of philosophy, but you're getting a
630
00:29:03.599 --> 00:29:05.920
better price because I think there's a really good change.
631
00:29:06.039 --> 00:29:09.440
Georgia might be the only SEC team to win ten games.
632
00:29:09.759 --> 00:29:12.880
They're gonna be in the SEC Championship game. And if
633
00:29:12.920 --> 00:29:14.480
they're there, you got him a plus two eighty.
634
00:29:14.640 --> 00:29:16.960
You're either gonna be a small favorite or a pick them.
635
00:29:17.079 --> 00:29:18.279
You can figure out what to do.
636
00:29:18.480 --> 00:29:20.319
And it's the same thing with Miami and Texas Tech
637
00:29:20.359 --> 00:29:22.839
and the AC team and Big twelve. They're gonna be
638
00:29:22.920 --> 00:29:25.279
in the game, and there'll be an even bigger favorite.
639
00:29:25.319 --> 00:29:27.119
So you offered up a little bit more of an
640
00:29:27.160 --> 00:29:28.680
opportunity maybe to kind.
641
00:29:28.519 --> 00:29:29.160
Of tend you.
642
00:29:29.680 --> 00:29:30.559
I'm sure you know this.
643
00:29:30.880 --> 00:29:33.680
I'm doing uh Fox Sports radio four years now with
644
00:29:33.799 --> 00:29:37.079
Jeff Sports of my coast, and it took him two
645
00:29:37.160 --> 00:29:39.880
years to tell me he bets Parlays by accident.
646
00:29:39.960 --> 00:29:42.279
I hear him in the background saying, I said, well,
647
00:29:42.279 --> 00:29:44.160
what would you just say, do one a week? He
648
00:29:44.519 --> 00:29:48.759
never told me this. He's firing on the bank Parlays.
649
00:29:49.119 --> 00:29:51.440
I take Mendeth for every week too, Okay, So to
650
00:29:51.480 --> 00:29:54.160
be fair, you know, like tail each other. I like
651
00:29:54.200 --> 00:29:57.720
to do one one college a week, maybe one NFL
652
00:29:57.759 --> 00:29:58.079
a week.
653
00:29:58.119 --> 00:29:58.440
That's it.
654
00:29:58.480 --> 00:30:01.920
I'm not going to in your long fairness in his defense,
655
00:30:02.319 --> 00:30:05.599
and it's a lot of we maybe find some people
656
00:30:05.680 --> 00:30:08.759
that might not be the sharpest knives against.
657
00:30:08.839 --> 00:30:11.640
Yes, yes, we found, we found. We don't worry. We
658
00:30:11.720 --> 00:30:12.880
found some people to bet against.
659
00:30:12.960 --> 00:30:13.119
Yeah.
660
00:30:13.400 --> 00:30:17.640
Now if you tell me he's teasing college football though,
661
00:30:17.720 --> 00:30:18.640
then we got a problem.
662
00:30:18.759 --> 00:30:22.640
Okay, no college yeah, no season college football. I'm just
663
00:30:22.640 --> 00:30:23.279
busting balls.
664
00:30:23.319 --> 00:30:23.559
Listen.
665
00:30:23.640 --> 00:30:26.440
I know everyone, but I said, listen, I have waived
666
00:30:26.440 --> 00:30:26.920
a white towe.
667
00:30:26.920 --> 00:30:28.640
Youbout one hundred dollars on straight bat, you get bet
668
00:30:28.640 --> 00:30:30.680
five bucks in a parlor, you send him ten dollars
669
00:30:30.720 --> 00:30:31.680
every week.
670
00:30:31.799 --> 00:30:33.799
I'm just like what, I know you love this buddy.
671
00:30:33.960 --> 00:30:36.680
But okay, So not to give any ward doing today.
672
00:30:36.680 --> 00:30:38.960
But I like like NC State over this season.
673
00:30:39.000 --> 00:30:39.240
C J.
674
00:30:39.359 --> 00:30:41.960
Bailey's really good as a quarterback. All Dave dorm does
675
00:30:42.000 --> 00:30:43.559
is win and the team is better this season. And
676
00:30:43.559 --> 00:30:46.160
their schedule he se, no Miami, no SMU, no thumbs
677
00:30:46.200 --> 00:30:49.319
in who we got home and they get the other
678
00:30:49.559 --> 00:30:50.440
juke at home as well.
679
00:30:50.640 --> 00:30:52.839
I like Michigan State under they're gonna just be bad.
680
00:30:53.039 --> 00:30:54.839
I was at Big to Me to Day last week
681
00:30:55.160 --> 00:30:58.759
talking to Pat Fitzgerald. He's a disadvantage. Wasn't to Northwestern.
682
00:30:58.759 --> 00:31:01.480
Remember he was four and twentylast years in Northwestern. He
683
00:31:01.599 --> 00:31:03.799
sat out a couple of years. He got this job
684
00:31:03.920 --> 00:31:05.680
and when when could you get new jobs? They bring
685
00:31:05.680 --> 00:31:07.799
their own players in, right, Like Matt Campbell went to
686
00:31:08.039 --> 00:31:10.640
Penn State. He brought in twenty three Iowa State players.
687
00:31:10.880 --> 00:31:12.880
Half a show brought in zero players. He doesn't have
688
00:31:12.880 --> 00:31:14.720
a team to bring in with them, so he's starting
689
00:31:15.160 --> 00:31:15.599
brand new.
690
00:31:15.680 --> 00:31:17.920
Bob Chas, you see a license thing brand new.
691
00:31:17.960 --> 00:31:20.440
So I think the play for them for Michigan's day.
692
00:31:20.440 --> 00:31:23.519
I took Miami a Taxa Tech as well. It just
693
00:31:23.559 --> 00:31:24.039
makes sense.
694
00:31:24.079 --> 00:31:26.200
Like I tried to fade Texas Tuck the season, but
695
00:31:26.319 --> 00:31:28.839
their schedule can't. You can't with their schedule like they're
696
00:31:28.880 --> 00:31:31.559
just colle football. A lot of times comes down to
697
00:31:32.119 --> 00:31:34.720
if you have more players than the team you're playing,
698
00:31:34.759 --> 00:31:37.240
you have better players. We're seeing less upstts at the
699
00:31:37.279 --> 00:31:38.200
top of college hoopball.
700
00:31:38.200 --> 00:31:38.759
I think now.
701
00:31:38.599 --> 00:31:41.799
Because of that, Texas Tech just has better players for
702
00:31:41.880 --> 00:31:43.759
the rest of the Big Twelve, and they missed the
703
00:31:43.759 --> 00:31:46.240
other teams that could possibly compete with them on a
704
00:31:46.240 --> 00:31:47.079
Saturday basis.
705
00:31:47.079 --> 00:31:48.759
So I think, know it's made a lot of sense.
706
00:31:48.759 --> 00:31:50.880
I got Jeff goes to that, he talks to the coaches,
707
00:31:50.960 --> 00:31:51.519
talks to the camp.
708
00:31:51.680 --> 00:31:52.839
Yeah, oh, did you go to Carolina?
709
00:31:52.839 --> 00:31:54.160
Did you go to the I went to Panthers.
710
00:31:54.160 --> 00:31:56.279
Pantherste what do you got first? For the game?
711
00:31:56.559 --> 00:31:58.440
They well, look, so they're playing.
712
00:31:58.440 --> 00:32:02.599
They're not gonna play the starters obviously, and there's rumors
713
00:32:02.599 --> 00:32:04.799
they're going to play Uh well Hayes King for a while.
714
00:32:04.960 --> 00:32:06.480
Okay, I'm not sure King can.
715
00:32:06.359 --> 00:32:08.039
Throw the ball yet. So I was gonna say, what
716
00:32:08.359 --> 00:32:09.519
what is that?
717
00:32:09.240 --> 00:32:09.279
That?
718
00:32:09.519 --> 00:32:10.039
That's an under?
719
00:32:10.119 --> 00:32:11.359
Probably playing right, you would.
720
00:32:11.160 --> 00:32:12.160
Think thirty five and a half.
721
00:32:12.200 --> 00:32:13.480
I think everyone taking under.
722
00:32:13.359 --> 00:32:14.759
In the first in the first hall of Indian and
723
00:32:14.839 --> 00:32:16.680
that's what everyone does, right, they just met the under.
724
00:32:16.720 --> 00:32:18.440
But you think it would be adjusted then, and the
725
00:32:18.519 --> 00:32:20.079
books know it too, having the guns right.
726
00:32:20.000 --> 00:32:22.519
So you get a lot of coursing back for Arizona.
727
00:32:22.559 --> 00:32:22.920
You'll get you.
728
00:32:23.480 --> 00:32:25.000
I heard, I see. I heard that that's the reason
729
00:32:25.039 --> 00:32:25.759
why the line moved back.
730
00:32:25.839 --> 00:32:27.160
Yeah a little, so I saw.
731
00:32:27.480 --> 00:32:27.880
I will not.
732
00:32:27.920 --> 00:32:29.880
I don't know who had this this joke on Twitter,
733
00:32:29.920 --> 00:32:32.279
but Carson Beck might throw the last pass in college
734
00:32:32.279 --> 00:32:34.960
football in the first past the NFL Wow, which is
735
00:32:35.079 --> 00:32:36.079
probably never been done before.
736
00:32:36.880 --> 00:32:39.440
But listen, watch watch these guys. They got some good information.
737
00:32:39.680 --> 00:32:40.720
Watch their shows too.
738
00:32:41.240 --> 00:32:41.400
Uh.
739
00:32:41.440 --> 00:32:44.880
We appreciate it, guys, appreciate having there's some picks there. Hey, guys,
740
00:32:44.880 --> 00:32:47.680
welcome back to Wise Cracks. Real excited over here at
741
00:32:47.680 --> 00:32:49.640
the circa betfash in town.
742
00:32:49.759 --> 00:32:50.720
Lots of people.
743
00:32:50.440 --> 00:32:53.960
Coming by that the sanitizer out.
744
00:32:54.599 --> 00:32:57.000
John's a jerremphobe. I'm trying to people are coming up
745
00:32:57.000 --> 00:32:57.960
to him like crazy.
746
00:32:58.519 --> 00:33:02.799
And our h one of our producers, our regular producers
747
00:33:02.799 --> 00:33:06.160
not here today. We have Tom today and uh, Tom
748
00:33:06.200 --> 00:33:08.440
and Gil Alexander both look like they're right out of
749
00:33:08.480 --> 00:33:11.400
the seventies porn like all right with that the hand
750
00:33:11.519 --> 00:33:13.480
hand and Gil has the porn glasses.
751
00:33:13.519 --> 00:33:15.799
I mean they would.
752
00:33:15.880 --> 00:33:17.920
Yeah quality, yeah, all right.
753
00:33:17.960 --> 00:33:22.319
So we have of course John Orlando Travis Geiger here today,
754
00:33:22.920 --> 00:33:25.039
one of the Wager Wire founders, one of them, right,
755
00:33:25.160 --> 00:33:26.680
this couple of guys, are you the.
756
00:33:26.680 --> 00:33:29.400
Guy me and my two best friends from u c
757
00:33:29.559 --> 00:33:30.319
l A wow.
758
00:33:30.599 --> 00:33:32.440
When he's like the leader, you know, you're just you're
759
00:33:32.440 --> 00:33:33.400
putting him on the spot.
760
00:33:33.680 --> 00:33:36.039
I don't want to say not, you're going to watch
761
00:33:36.079 --> 00:33:39.119
this He's yeah, no, well he's got family money.
762
00:33:40.839 --> 00:33:42.799
Oh, big, big money.
763
00:33:42.920 --> 00:33:47.880
Harder, and everything's harder, you know, Like that's why I
764
00:33:47.920 --> 00:33:48.119
love it.
765
00:33:48.240 --> 00:33:49.119
That's why I love this show.
766
00:33:49.160 --> 00:33:49.839
That's why we're here.
767
00:33:49.920 --> 00:33:50.680
So I'll tell you why.
768
00:33:50.839 --> 00:33:53.319
Like we were saying, you know, should I get some questions, No,
769
00:33:53.400 --> 00:33:55.319
we do think spontaneously here at Travis.
770
00:33:55.759 --> 00:33:57.079
So I want.
771
00:33:56.960 --> 00:34:02.519
People to know a little bit because I am obviously
772
00:34:02.640 --> 00:34:05.079
you guys know, everyone knows I'm against parlays. If people
773
00:34:05.079 --> 00:34:08.400
are parlays, they make up sixty to seventy percent of
774
00:34:08.400 --> 00:34:11.360
the sports books profit. So of course I'm looking to
775
00:34:11.360 --> 00:34:14.519
help the public don't bet parlays. But it doesn't matter
776
00:34:14.800 --> 00:34:19.079
whatever I say, it's still gonna bet parlays. And I
777
00:34:19.119 --> 00:34:23.199
am really literally have waved a white towel, white handkerchief
778
00:34:23.559 --> 00:34:25.559
because I say, listen, all right, you're gonna bet him anyway.
779
00:34:26.039 --> 00:34:26.199
I have.
780
00:34:26.320 --> 00:34:30.360
Like my co host on Fox, Jeff Schwartz, NFL player,
781
00:34:31.639 --> 00:34:34.039
it took him like years to admit that he bets
782
00:34:34.079 --> 00:34:36.760
parlays because he knows I'm against him. And I said,
783
00:34:36.840 --> 00:34:39.239
all right, Jeff, you could bet them, go ahead, you
784
00:34:39.239 --> 00:34:41.679
want to. I'm gonna give you some good plays a
785
00:34:41.760 --> 00:34:44.840
preseason football, great moves, but yet you still want to
786
00:34:44.880 --> 00:34:46.199
bet parlays with this stuff.
787
00:34:46.519 --> 00:34:48.360
Bet ten percent of what you bet on a bets.
788
00:34:48.360 --> 00:34:49.840
Have you bet one hundred dollars on a straight bet
789
00:34:50.119 --> 00:34:52.000
goad you want to get five or ten dollars on
790
00:34:52.039 --> 00:34:52.760
a five teamer.
791
00:34:53.239 --> 00:34:55.320
I'm not doing it, but if you're gonna do it anyway.
792
00:34:55.679 --> 00:35:00.840
So your company's based on parlay betters coming to you
793
00:35:01.280 --> 00:35:05.039
trying to maybe hedge after they win a leg or two.
794
00:35:05.079 --> 00:35:05.719
Am I correct?
795
00:35:06.480 --> 00:35:09.000
So actually, what our company is based on is letting
796
00:35:09.039 --> 00:35:12.000
people get in and out of their positions. So oftentimes
797
00:35:12.000 --> 00:35:14.239
the most lucrative is when you're a couple eggs.
798
00:35:14.000 --> 00:35:15.719
In, but it can be futures, it can even be
799
00:35:15.800 --> 00:35:16.280
same game.
800
00:35:16.480 --> 00:35:18.480
And that's why five years ago when we started a
801
00:35:18.480 --> 00:35:21.719
wage to wire before prediction markets, what we were doing
802
00:35:21.880 --> 00:35:23.840
was we were addressing I think the problems that you
803
00:35:23.880 --> 00:35:26.519
have with parlayers, which is that the house is taking
804
00:35:26.559 --> 00:35:31.119
an incredibly big cut that actually it's a losing proposition
805
00:35:31.199 --> 00:35:32.559
that you're probably going to get three out of the
806
00:35:32.599 --> 00:35:33.760
four every single time.
807
00:35:33.920 --> 00:35:35.760
So what we wanted to do is give people an out.
808
00:35:35.960 --> 00:35:37.960
And then what prediction markets do, which we can get into,
809
00:35:38.119 --> 00:35:41.199
is it really takes away that that house cut as much.
810
00:35:41.480 --> 00:35:42.639
Now there still is a house.
811
00:35:42.679 --> 00:35:45.760
It's people on the other side, sometimes institutions, but we're
812
00:35:45.800 --> 00:35:49.079
not dealing with a guaranteed sixty percent haircut on the
813
00:35:49.159 --> 00:35:52.039
value of the thing. So to your point, what we
814
00:35:52.119 --> 00:35:54.679
really wanted to do was create a stub hub or
815
00:35:54.679 --> 00:35:56.880
an eBay for sports bets where you could sell your
816
00:35:56.920 --> 00:36:00.239
position after you place it at the window. And the
817
00:36:00.239 --> 00:36:04.000
most lucrative bets for people were parlays in progress. The
818
00:36:04.039 --> 00:36:06.159
way that we got into prediction markets, which we can
819
00:36:06.199 --> 00:36:08.840
talk about, Uh, you know, if you guys want to,
820
00:36:09.159 --> 00:36:13.039
is that are our savviest market makers call it. We're
821
00:36:13.079 --> 00:36:17.280
taking Dodgers last leg yes on a vet, let's call
822
00:36:17.320 --> 00:36:20.760
it at CIRCA and then taking Dodgers no on Calshi
823
00:36:21.039 --> 00:36:23.599
and locking in that ev And so what we wanted
824
00:36:23.599 --> 00:36:25.679
to do was just give the power back to the betters.
825
00:36:26.000 --> 00:36:27.840
We don't want to be part of this toxic cycle
826
00:36:27.880 --> 00:36:29.320
of parlays. We just want to be positional.
827
00:36:29.599 --> 00:36:30.239
Wunny you say that.
828
00:36:30.280 --> 00:36:34.280
So yesterday someone texts me from Calshe I don't know,
829
00:36:34.800 --> 00:36:39.280
but yeah, he said, I managed trade relationships at Calshie.
830
00:36:39.280 --> 00:36:41.440
I would imagine there are ways we can benefit one
831
00:36:41.440 --> 00:36:43.760
of another. For a phone call today, I didn't call
832
00:36:43.800 --> 00:36:48.280
them Stu, all right, see your name's Stu. I live
833
00:36:48.280 --> 00:36:51.199
in Nevada. Calchie is illegal here.
834
00:36:51.519 --> 00:36:52.639
We can't. We can't use.
835
00:36:52.519 --> 00:36:54.360
Calcie unless you're filming a Netflix doc.
836
00:36:54.679 --> 00:36:55.800
Yeah, no, we can't.
837
00:36:56.000 --> 00:37:01.400
So, yeah, it would be a market maker. Would would
838
00:37:01.400 --> 00:37:04.679
not be applicable here in Nevada. We don't have those.
839
00:37:04.719 --> 00:37:06.760
But we don't have them here. We have a real
840
00:37:06.800 --> 00:37:10.400
strong gaming commission. They're keeping everyone out.
841
00:37:10.480 --> 00:37:11.920
They can shout out Becky Harris.
842
00:37:12.039 --> 00:37:13.920
Oh really, she's a friend.
843
00:37:14.079 --> 00:37:16.800
Okay, but I know Nevada, so I'm actually interested in this.
844
00:37:16.920 --> 00:37:20.400
So there was a lot of drama with Calshi and
845
00:37:20.440 --> 00:37:23.880
the Netflix documentary because you cannot play Calhie in Nevada.
846
00:37:24.320 --> 00:37:26.559
One of the things that they did, even when digital
847
00:37:26.599 --> 00:37:29.039
sports Benning came around, you had to deposit into your
848
00:37:29.440 --> 00:37:33.559
app at the window. So as Nevada guys, how do
849
00:37:33.599 --> 00:37:37.719
you feel about Nevada's I don't know if we want
850
00:37:37.760 --> 00:37:39.719
to talk out a turner if that's a crazy.
851
00:37:39.519 --> 00:37:41.519
Question, No, this is crazy.
852
00:37:41.639 --> 00:37:44.920
But this is still like in the movie Casino when
853
00:37:44.920 --> 00:37:47.639
you see the County Commissioner coming and mister Rothstein talking
854
00:37:47.639 --> 00:37:50.119
with him, and he said, mister Rothstein, you'll never know
855
00:37:50.159 --> 00:37:50.760
how it works.
856
00:37:51.079 --> 00:37:54.440
You're all just our guest. And it's still that way here.
857
00:37:54.519 --> 00:37:59.119
They don't want another Cancer Gaming coming in townfing things up.
858
00:37:59.599 --> 00:38:00.639
Can came in.
859
00:38:00.599 --> 00:38:03.800
Here, but they were Levy the biggest fine I think
860
00:38:03.800 --> 00:38:06.199
it was twenty seven and another five thirty two million
861
00:38:06.199 --> 00:38:08.960
in fines against them for a lot of the things
862
00:38:08.960 --> 00:38:11.800
they did wrong. Canter Gaming a spin off of a
863
00:38:11.920 --> 00:38:16.199
division of Canter Fitzgerald. And they just don't want anything
864
00:38:16.239 --> 00:38:20.360
happening here. And let's be blunts. I have Derek Stevens
865
00:38:20.360 --> 00:38:23.639
coming on. We have some very strong individual owners here
866
00:38:23.679 --> 00:38:26.000
in town. Michael Gaughan, Derek Stevens.
867
00:38:26.360 --> 00:38:26.480
Uh.
868
00:38:26.679 --> 00:38:29.280
You know the guy that owns Treasure Island. It's his name,
869
00:38:29.360 --> 00:38:33.159
Treasure Island guy, Jack spar Phil Ruffin, Did you say
870
00:38:33.239 --> 00:38:33.880
Jack Sparrow.
871
00:38:34.039 --> 00:38:35.159
I'm sorry, it's a joke.
872
00:38:35.320 --> 00:38:37.719
Oh oh okay, yeah, I told you said Jack Sparrow.
873
00:38:37.920 --> 00:38:39.320
Say that's not really good.
874
00:38:39.800 --> 00:38:41.239
I do to jokes tot, you know.
875
00:38:41.719 --> 00:38:44.159
Actually I'm proud of the.
876
00:38:44.079 --> 00:38:46.840
Rest of the jokes. Are all cracks die overstep, But we.
877
00:38:46.880 --> 00:38:49.800
And we have very strong gaming companies here also, so
878
00:38:50.679 --> 00:38:53.960
they are they are cracking down on people or new
879
00:38:54.079 --> 00:38:57.320
new new things trying to come in. So tell us
880
00:38:57.360 --> 00:39:00.679
before we get off here, what exactly you offer?
881
00:39:00.800 --> 00:39:04.039
Is it? What's waderwire dot com and the wager wire app? Correct?
882
00:39:04.119 --> 00:39:06.679
Yeah, and you can go on there and you could
883
00:39:06.679 --> 00:39:07.599
see the marketplace.
884
00:39:07.679 --> 00:39:08.920
Am I saying the right word? Yeah?
885
00:39:09.000 --> 00:39:10.400
You know, and for the people that watch your show,
886
00:39:10.440 --> 00:39:13.079
they're probably very familiar, right. And so if you have
887
00:39:13.119 --> 00:39:15.559
a parlay, basically we can help you be cash out right,
888
00:39:15.800 --> 00:39:17.760
because what we are is a peer to peer cash out.
889
00:39:17.880 --> 00:39:20.320
So rather than just take what the book is offering you,
890
00:39:20.320 --> 00:39:21.920
you could name your price what you think is fair
891
00:39:21.960 --> 00:39:23.800
and that's what our calculator does. It helps you find
892
00:39:23.800 --> 00:39:26.400
out what fair value is. We can actually determine the
893
00:39:26.440 --> 00:39:29.000
rip off rate we call it of what the the
894
00:39:29.239 --> 00:39:33.039
additional vig right, and with same game parlay as it's crazy,
895
00:39:33.039 --> 00:39:34.639
it's actually a black pot, we call it. There's a
896
00:39:34.639 --> 00:39:38.199
correlation tax. There's all these correlation taxes. Additional viigs will
897
00:39:38.199 --> 00:39:39.800
help you calculate that. We'll let you know what the
898
00:39:39.840 --> 00:39:42.440
fair value is and then you can post it for sale.
899
00:39:42.480 --> 00:39:43.920
We'll let you know what we think we'll move. We'll
900
00:39:43.920 --> 00:39:46.000
say it's a A B or C, just like a stub hub.
901
00:39:46.239 --> 00:39:48.239
And that's how it started. We wanted to, you know,
902
00:39:48.280 --> 00:39:52.920
bring that what eventually became prediction markets to online sports betting.
903
00:39:53.800 --> 00:39:56.239
Now with predictions, which we're doing not here in the
904
00:39:56.320 --> 00:39:59.320
US but abroad. What we're gonna I can actually announce
905
00:39:59.320 --> 00:40:01.000
it here for the first what we're gonna launch soon
906
00:40:01.079 --> 00:40:04.039
is well, if you submit your screenshot of your VET,
907
00:40:05.039 --> 00:40:06.960
we'll give you a price that we think we can
908
00:40:07.000 --> 00:40:09.119
sell it for and it'll always beat cash out. And
909
00:40:09.159 --> 00:40:10.920
the way that we're gonna do that is our market
910
00:40:10.920 --> 00:40:13.519
makers are going to hedge it on a prediction market.
911
00:40:13.760 --> 00:40:17.159
Oh, I didn't even know what was happening that that asked.
912
00:40:17.079 --> 00:40:19.480
You guys essentially just become the buyers. So we're the
913
00:40:19.480 --> 00:40:21.119
best cash out in town. Don't do it with the.
914
00:40:21.079 --> 00:40:23.920
Book, right, Yeah, we know. Like when then when you
915
00:40:23.920 --> 00:40:26.400
get offered a cash out.
916
00:40:26.280 --> 00:40:26.920
It's obscene.
917
00:40:27.480 --> 00:40:29.239
Some of them are just it's exceeded.
918
00:40:29.400 --> 00:40:32.039
And it's the reason that prediction markets came into power.
919
00:40:32.159 --> 00:40:35.920
I think it is because the books pigs get fat,
920
00:40:36.239 --> 00:40:37.119
hogs get slaughtered.
921
00:40:37.639 --> 00:40:40.119
They weren't willing to just give up that margin.
922
00:40:40.719 --> 00:40:43.559
They had to keep that fat margin, and everyone was
923
00:40:43.599 --> 00:40:46.159
locked into their positions and they had they couldn't even
924
00:40:46.199 --> 00:40:48.719
put up the hedge equity they needed to guarantee their spot.
925
00:40:49.039 --> 00:40:51.400
And these guys were just getting drilled drill, drill, drill, drilled.
926
00:40:51.440 --> 00:40:52.199
Now a couple of guys.
927
00:40:52.079 --> 00:40:54.840
From MIT come in with economics degrees and they say,
928
00:40:54.880 --> 00:40:57.199
forget all that, and that's why the whole industry is
929
00:40:57.199 --> 00:40:57.639
in trouble.
930
00:40:58.400 --> 00:41:00.639
Do you think we'll ever see the day where Calci
931
00:41:00.840 --> 00:41:02.480
or Draft Kings you can make that.
932
00:41:02.599 --> 00:41:05.360
No, maybe not DraftKings. I think Calci has.
933
00:41:05.360 --> 00:41:08.119
Has a little more, has a little more grounds of
934
00:41:08.199 --> 00:41:11.679
step on there. So Draft Kings their offices right here
935
00:41:11.679 --> 00:41:14.880
in town there, they're you know, approving bets right here
936
00:41:14.920 --> 00:41:16.840
in town in Nevada. But yet we don't have a
937
00:41:16.880 --> 00:41:17.760
place to bet them in here.
938
00:41:18.159 --> 00:41:19.159
And as far.
939
00:41:19.039 --> 00:41:22.280
As the DraftKings and these other sites are, they're getting
940
00:41:22.280 --> 00:41:25.119
into the prediction market area.
941
00:41:24.880 --> 00:41:26.760
Now, so they have to they have to because to
942
00:41:26.800 --> 00:41:29.199
protect their No one wants to cash out with them anymore,
943
00:41:29.280 --> 00:41:32.639
right right, And it's like they were I feel like
944
00:41:32.719 --> 00:41:35.119
squeezing the consumer for so long because they were the
945
00:41:35.159 --> 00:41:36.639
only game in town. And I feel like it's the
946
00:41:36.639 --> 00:41:38.039
same toxic attitude.
947
00:41:37.639 --> 00:41:38.639
That got Nevada in trouble.
948
00:41:38.639 --> 00:41:41.079
It's like, we're the only game in town, right, and
949
00:41:41.119 --> 00:41:43.159
so we can do whatever we want. But in the
950
00:41:43.239 --> 00:41:46.480
capitalist society, the customer is always going to be right
951
00:41:46.519 --> 00:41:47.840
on a long enough timeline.
952
00:41:48.599 --> 00:41:50.760
Cool, cool, Well listen, thanks for coming on.
953
00:41:50.960 --> 00:41:53.199
Well, people know a little more else want to questions?
954
00:41:53.239 --> 00:41:53.559
Go ahead?
955
00:41:53.559 --> 00:41:56.320
What do you think about prediction markets? And have you
956
00:41:56.400 --> 00:41:56.719
used one?
957
00:41:56.840 --> 00:41:59.519
No, I haven't lived here, but I'm going to be
958
00:41:59.639 --> 00:42:02.920
travel a little bit more. And no, how can you
959
00:42:02.960 --> 00:42:07.480
bet baseball in when they have twenty cent baseball lines?
960
00:42:07.559 --> 00:42:10.960
Nevada has like fifteen cent lines. Twenty cent lines.
961
00:42:11.480 --> 00:42:14.199
You're laying a dollar fifty, you're coming back a dollar fifteen.
962
00:42:14.280 --> 00:42:16.920
I seen dollar fifteen. I'm used to coming back a
963
00:42:16.920 --> 00:42:21.119
dollar forty. Prediction Marcus, the fair and market value a
964
00:42:21.159 --> 00:42:25.159
dollar forty five on both sides. So literally that's the
965
00:42:25.159 --> 00:42:28.119
fair number minus one forty five, the ask and the
966
00:42:28.119 --> 00:42:29.079
bid one forty four.
967
00:42:29.119 --> 00:42:31.079
Whatever it may be. You have it. And then there's
968
00:42:31.079 --> 00:42:31.400
a you.
969
00:42:31.320 --> 00:42:33.079
Know, of course there's a little bit of a they
970
00:42:33.119 --> 00:42:34.800
have to make money, so let's call it a two
971
00:42:34.800 --> 00:42:36.480
cent line.
972
00:42:36.880 --> 00:42:40.280
He really, it's hard to bet sports.
973
00:42:40.519 --> 00:42:42.079
It was gonna be one of my subjects for today.
974
00:42:42.480 --> 00:42:46.199
It's actually hard to bet sports in Nevada. Imagine me
975
00:42:46.239 --> 00:42:49.760
saying that sports betting capital of the world. It's hard
976
00:42:49.800 --> 00:42:53.840
for me now with super Book closed. I have here Circa,
977
00:42:54.239 --> 00:42:56.360
I have South Point. I have to go in person
978
00:42:56.400 --> 00:42:59.039
at the counter. The app doesn't take as much. I
979
00:42:59.079 --> 00:43:02.360
have the win on the I can't name anywhere else
980
00:43:02.400 --> 00:43:04.880
that I really have that I do have.
981
00:43:04.880 --> 00:43:05.440
Bet MGM.
982
00:43:05.480 --> 00:43:07.800
They're pretty good to me BETMGM because they are a
983
00:43:07.800 --> 00:43:10.880
sponsored one of my shows. I can't bet at Caesar's.
984
00:43:11.800 --> 00:43:14.920
I can't bet you know the boy. The stations that
985
00:43:14.920 --> 00:43:17.760
can go on and on, and places are closing and
986
00:43:17.800 --> 00:43:21.079
closing more and more. There was twenty three places for
987
00:43:21.119 --> 00:43:24.119
me to bet twenty three years ago when I came to town.
988
00:43:24.639 --> 00:43:27.960
Now I have less than five. So I will be
989
00:43:28.039 --> 00:43:29.480
doing some traveling.
990
00:43:29.079 --> 00:43:32.280
Though, just to see how it works during football season,
991
00:43:32.960 --> 00:43:34.559
to see how some of the other I was in
992
00:43:34.559 --> 00:43:37.519
New Jersey, right, I was in New Jersey a lot
993
00:43:37.840 --> 00:43:40.599
until they stopped retail. I FanDuel pulled up retail, and
994
00:43:40.840 --> 00:43:44.079
Atlantic City A lot of the Atlantic City books scared
995
00:43:44.079 --> 00:43:48.800
to death in New Jersey books. So it is cat
996
00:43:48.840 --> 00:43:51.760
and mouse, but I'm hearing there's more things to do,
997
00:43:52.679 --> 00:43:55.440
more places, so we'll see what it's like. And yeah,
998
00:43:55.599 --> 00:43:59.760
wager Wire great, great place to option here to buy
999
00:43:59.760 --> 00:44:02.639
out and get some make some money, guys, so make
1000
00:44:02.639 --> 00:44:03.480
sure you check them out.
1001
00:44:04.039 --> 00:44:05.440
I would say it's one of the great honors and
1002
00:44:05.480 --> 00:44:06.320
privileges of my life.
1003
00:44:06.360 --> 00:44:09.679
Dude, be here knowing these guys. We don't know anything.
1004
00:44:09.679 --> 00:44:11.039
We're here to learn, but I think we're on the
1005
00:44:11.039 --> 00:44:12.480
side of the better, just like you guys.
1006
00:44:12.599 --> 00:44:14.159
Yeah, can I ask you guys a question?
1007
00:44:14.280 --> 00:44:14.480
Yeah?
1008
00:44:14.519 --> 00:44:14.760
Question?
1009
00:44:15.159 --> 00:44:17.119
Okay, So sure, got as much time as you want here.
1010
00:44:17.360 --> 00:44:19.760
I don't blame you. It is what it is.
1011
00:44:21.239 --> 00:44:25.039
Count can't help calm ghead.
1012
00:44:25.320 --> 00:44:28.159
Okay, So you were at Superbook for a really long time, right,
1013
00:44:28.199 --> 00:44:30.960
and Westgate was like as luck to there, right, and
1014
00:44:31.000 --> 00:44:34.719
there's very few originators. Right of lines, we're at another one.
1015
00:44:35.119 --> 00:44:40.000
So Caesar's takes over Westgate. How does that change super Book?
1016
00:44:40.599 --> 00:44:43.079
And how does that and how did you end up here?
1017
00:44:43.159 --> 00:44:43.360
Now?
1018
00:44:43.559 --> 00:44:44.960
Well you have to ask them. I don't know how
1019
00:44:45.000 --> 00:44:47.639
it changes super Book. They have Kiosk there. I'm told
1020
00:44:48.000 --> 00:44:51.000
Caesar's just taking over the sports betting there.
1021
00:44:50.840 --> 00:44:53.320
So they just won't let you bet well, Caesars.
1022
00:44:53.119 --> 00:44:53.880
I'm not the bet sea.
1023
00:44:53.960 --> 00:44:55.119
You know, I can bet at the counter, I just
1024
00:44:55.119 --> 00:44:57.039
can't bet on the app. So I come, sure, I
1025
00:44:57.079 --> 00:44:58.280
can go in there and bet, but I just can't
1026
00:44:58.280 --> 00:45:00.079
bet on the app, which is more easy for me.
1027
00:45:01.239 --> 00:45:03.679
But I think the Super Contest is still a big
1028
00:45:03.719 --> 00:45:07.159
part of that, and they're but you know, they'll never
1029
00:45:07.199 --> 00:45:09.280
be as big as Circle with no Rake and you know,
1030
00:45:09.400 --> 00:45:10.239
the giant.
1031
00:45:11.599 --> 00:45:12.800
You know they have a survivor here.
1032
00:45:12.840 --> 00:45:14.920
It's like the biggest thing that shows on it is
1033
00:45:15.000 --> 00:45:19.360
media coverage. But I think that's why Caesar's bought super
1034
00:45:19.360 --> 00:45:22.400
Book for that super Contest, in my opinion, and eventually
1035
00:45:22.840 --> 00:45:25.599
probably wanted to go nationwide, just like Circle will have
1036
00:45:25.639 --> 00:45:27.800
to go. I have a question for Derek today about
1037
00:45:27.920 --> 00:45:32.639
maybe getting more of a broad Well, I shouldn't say
1038
00:45:32.679 --> 00:45:35.239
that it would have to be with all that sports
1039
00:45:35.239 --> 00:45:38.119
Book is though. I think Circus in a few different states,
1040
00:45:38.559 --> 00:45:41.360
so Caesar's it seems like they're everywhere. They didn't care
1041
00:45:41.360 --> 00:45:44.519
about losing money, they cared about branding, so they're everywhere.
1042
00:45:44.840 --> 00:45:46.840
Circus in three or four states.
1043
00:45:46.760 --> 00:45:50.800
And eventually I think they'll have a crossover of their
1044
00:45:50.800 --> 00:45:54.159
traffic to get into these contests may get giant, so
1045
00:45:54.400 --> 00:45:55.840
we'll see what we'll see what's gonna happen.
1046
00:45:56.840 --> 00:45:58.639
And no matter what state you're in, whether it's super
1047
00:45:58.679 --> 00:46:00.800
book or circa, and you have a vibor entry, you
1048
00:46:00.800 --> 00:46:02.559
can sell it on wager Wire will help you price sat.
1049
00:46:02.679 --> 00:46:05.519
There you go. You guys have legal one every state. Yeah, yeah, okay, good,
1050
00:46:05.920 --> 00:46:07.920
there you go. You learn something new every day. All right,
1051
00:46:07.960 --> 00:46:09.320
now you get done.
1052
00:46:11.760 --> 00:46:14.920
Whoa, whoa, Hey, we're going to lunch lady though, right,
1053
00:46:14.960 --> 00:46:16.559
all right, all right, a good deal
1
00:00:00.040 --> 00:00:04.000
Hey guys, welcome back to Wisecracks. John Orondo, Bill Krackenberger.
2
00:00:04.400 --> 00:00:06.440
We have Derek Stevens, and I've been promising him come
3
00:00:06.440 --> 00:00:09.039
on to let us know about what's going on in
4
00:00:09.039 --> 00:00:11.439
this contest. Derek, thanks for coming on.
5
00:00:11.640 --> 00:00:14.880
Appreciate it. Sorry I missed you last week. I'm getting ready.
6
00:00:14.919 --> 00:00:16.879
My daughter's getting married here at the end of August,
7
00:00:16.960 --> 00:00:19.199
so she's got a couple of events going. So I
8
00:00:19.239 --> 00:00:20.839
got tied up. But I'm glad to be here. I'm
9
00:00:20.879 --> 00:00:21.399
honored to be here.
10
00:00:21.399 --> 00:00:23.800
I didn't know you had kids old enough to be married.
11
00:00:24.079 --> 00:00:27.679
That's right. My son got married in April. Okay, my
12
00:00:27.839 --> 00:00:30.199
youngest is getting married in August. So I got I
13
00:00:30.199 --> 00:00:32.960
got a two team parlay in the summer at twenty six.
14
00:00:33.719 --> 00:00:38.920
Wow, you have an expensive year. Yeah, well great, great. Listen.
15
00:00:39.439 --> 00:00:41.880
Everyone wants to know about Circus Survivor.
16
00:00:42.520 --> 00:00:45.119
I'm a guy that likes millions. I like the value.
17
00:00:45.240 --> 00:00:47.719
I like using overlay a little bit. I like to
18
00:00:47.840 --> 00:00:50.479
make a little more maybe a little more strategy involved
19
00:00:50.479 --> 00:00:54.280
with the picking, but some strategy involved in Survivor too,
20
00:00:54.320 --> 00:00:57.280
But we know there's a lot of luck involved in both.
21
00:00:57.759 --> 00:01:00.719
What is the current pace compared to last year. Are
22
00:01:00.719 --> 00:01:02.399
we going to reach these guarantees this year?
23
00:01:02.719 --> 00:01:05.239
Well, you know, I I obviously want to want to
24
00:01:05.319 --> 00:01:07.719
want to hit six million in Circle million, right.
25
00:01:07.959 --> 00:01:08.319
Uh.
26
00:01:08.519 --> 00:01:10.000
The reason it is, I don't want to take the
27
00:01:10.159 --> 00:01:13.359
hit and cover cover the overlay to cover the last
28
00:01:13.439 --> 00:01:15.840
couple of years, a couple of years. But I but
29
00:01:15.920 --> 00:01:18.599
I feel pretty good right now that we're pacing above
30
00:01:18.640 --> 00:01:21.799
the six million. I'm gonna put a pitch in for
31
00:01:21.879 --> 00:01:23.519
Circle million. You'll you'll like this.
32
00:01:24.280 --> 00:01:24.719
I think it.
33
00:01:24.959 --> 00:01:27.040
I think this is you know, obviously a contest we
34
00:01:27.200 --> 00:01:30.159
take no break, but I think this is a very
35
00:01:30.280 --> 00:01:33.760
positive ev contest. So here's the reason. We're gonna take
36
00:01:33.799 --> 00:01:36.640
a million two out of that six million, and that
37
00:01:36.719 --> 00:01:42.200
goes into the quarters. Anything over six million, it's going
38
00:01:42.239 --> 00:01:46.000
into the quarters. So at a minimum twenty percent of
39
00:01:46.040 --> 00:01:48.519
the price, well maybe more if we go over, goes
40
00:01:48.560 --> 00:01:52.280
into the quarters. And why this is important is because
41
00:01:52.319 --> 00:01:55.079
you're gonna see a lot of people as the season
42
00:01:55.120 --> 00:01:58.719
goes on, fade away from putting picks in. So let's
43
00:01:58.760 --> 00:02:00.480
just say, you know how we always talk about this
44
00:02:00.599 --> 00:02:04.200
no pick scenario. Sure, so let's say on opening week,
45
00:02:04.439 --> 00:02:07.239
maybe we have a couple hundred people with no picks,
46
00:02:07.239 --> 00:02:10.960
not a six million. Okay, that's a three percent advantage,
47
00:02:11.240 --> 00:02:15.080
you know, right there. On an EV perspective, that also
48
00:02:15.120 --> 00:02:17.439
has an impact on the quarter. But then as the
49
00:02:17.520 --> 00:02:19.319
quarters go on, by the time you get to the
50
00:02:19.360 --> 00:02:22.159
third quarter, maybe you're only going to have seventy five
51
00:02:22.199 --> 00:02:25.479
percent of other people put picks in. By the fourth quarter,
52
00:02:25.639 --> 00:02:28.319
maybe sixty percent. So when you think about each quarter
53
00:02:28.400 --> 00:02:30.960
is worth five percent and then all of a sudden
54
00:02:31.000 --> 00:02:34.439
only seventy five percent are going in, well's that's another
55
00:02:34.520 --> 00:02:37.280
one point two five percent of EV right there, and
56
00:02:37.360 --> 00:02:39.759
a little bit more in the fourth. So I view
57
00:02:39.840 --> 00:02:42.400
this contest between the no picks and then there's people
58
00:02:42.479 --> 00:02:46.199
maybe lose interest towards the end. Effectively, we're probably looking
59
00:02:46.240 --> 00:02:50.919
at a probably a positive six percent seven percent EV
60
00:02:51.199 --> 00:02:53.800
and that doesn't even matter how big it gets. So
61
00:02:53.840 --> 00:02:56.680
I think with the EV guys, circum million is where
62
00:02:56.719 --> 00:02:57.479
you got to focus.
63
00:02:57.680 --> 00:03:00.520
Like I said in the beginning, especially with the saying
64
00:03:00.599 --> 00:03:03.039
is people forget to put picks in. But even if
65
00:03:03.039 --> 00:03:05.560
you put picks in and you start out bad doing
66
00:03:05.560 --> 00:03:07.439
you know, maybe you're zero to ten the first ten weeks.
67
00:03:07.520 --> 00:03:10.199
The first two weeks you say, oh, this contest, I'm
68
00:03:10.240 --> 00:03:12.759
dead and then maybe after the first quarter or second
69
00:03:12.840 --> 00:03:17.400
quarter you lose interest. Well, there's still contests within the contest, right,
70
00:03:17.400 --> 00:03:19.039
and that's what brings them in. And by the way,
71
00:03:19.439 --> 00:03:23.439
something we didn't mention in these contests.
72
00:03:24.000 --> 00:03:26.800
You get a free hat. No, no, something we didn't mention.
73
00:03:26.879 --> 00:03:28.719
No, you do get a free at, but no rake,
74
00:03:29.599 --> 00:03:31.520
no rake, that's the biggest thing.
75
00:03:31.840 --> 00:03:32.719
No rake contest.
76
00:03:32.879 --> 00:03:36.280
One of my questions and I usually never I'm usually spontaneous,
77
00:03:36.280 --> 00:03:38.680
but I even wrote down, how do you continue to
78
00:03:38.680 --> 00:03:44.280
do this year after year with no rake? Because I'm thinking, yes,
79
00:03:44.360 --> 00:03:46.199
it does bring a lot of foot traffic and people
80
00:03:46.199 --> 00:03:49.680
come in sign up, they stay at CIRCA. But it
81
00:03:49.879 --> 00:03:51.960
still cost you, guys a lot of money to put
82
00:03:52.000 --> 00:03:52.319
these on.
83
00:03:52.400 --> 00:03:53.599
Am I saying the right thing?
84
00:03:53.639 --> 00:03:55.199
And it would cost you a lot of money for
85
00:03:55.280 --> 00:03:58.360
someone just your system and to maintain and people that
86
00:03:58.360 --> 00:03:59.000
are involved.
87
00:03:59.199 --> 00:03:59.919
It does cost more.
88
00:04:00.759 --> 00:04:04.360
Yeah, I think. I think sometimes people don't understand the
89
00:04:04.400 --> 00:04:07.759
cost of the cost of putting a contest on like that.
90
00:04:08.360 --> 00:04:10.719
You know, when we first started this with no rake,
91
00:04:11.759 --> 00:04:14.039
we kind of thought, well, that's kind of a different approach,
92
00:04:14.520 --> 00:04:17.680
But then I really thought, you know, the rake A
93
00:04:17.720 --> 00:04:20.160
lot of people when you're playing it, you get worried
94
00:04:20.199 --> 00:04:22.639
about their rate, and we thought, okay, this would be
95
00:04:22.720 --> 00:04:25.839
a good marketing plan. What a lot of people don't understand,
96
00:04:26.040 --> 00:04:28.839
whether we had a rake or not, that's a small
97
00:04:29.040 --> 00:04:31.839
percentage of what a cost to run the contest, right right,
98
00:04:31.879 --> 00:04:34.240
you know recently, you know, it's a little new competition
99
00:04:34.319 --> 00:04:37.879
online this year, and they got an eight percent rake
100
00:04:38.120 --> 00:04:41.040
on the contest. I don't think they understand it cost
101
00:04:41.199 --> 00:04:44.000
us seven million dollars to run these contests.
102
00:04:44.120 --> 00:04:45.360
I didn't that much.
103
00:04:45.480 --> 00:04:49.040
Yeah, I mean we've a massive loser. So like to me,
104
00:04:49.120 --> 00:04:51.040
I'm wondering, why would somebody else want to do this
105
00:04:51.399 --> 00:04:53.800
unless you have a different way of monetizing it. It
106
00:04:53.839 --> 00:04:55.920
doesn't make sense to me. Plus, you know, I mean,
107
00:04:55.959 --> 00:04:58.600
think about the advertiser we're doing with the San Diego Padre,
108
00:04:58.759 --> 00:05:02.279
We're with the Chicago Cup, Chicago White Sox. We have
109
00:05:02.399 --> 00:05:05.360
all the radio we got forty different radio stations across
110
00:05:05.360 --> 00:05:09.519
the country. We fund a docu series about the whole series. Yeah,
111
00:05:09.959 --> 00:05:11.720
you know you and then and then we got and
112
00:05:11.720 --> 00:05:14.879
then we've got all of all the compliance costs and
113
00:05:14.959 --> 00:05:17.959
all the million customers. So yeah, this year, this year,
114
00:05:18.000 --> 00:05:20.360
it'll probably cost us about seven million dollars to run
115
00:05:20.399 --> 00:05:23.800
our contest. So that's a long way to answer your question.
116
00:05:24.000 --> 00:05:26.480
Is it worth it. Yeah, we still think it's worth it.
117
00:05:26.519 --> 00:05:30.199
But but obviously the obviously for us, the key thing
118
00:05:30.680 --> 00:05:34.399
is getting people to serve because what happens is, you know,
119
00:05:34.560 --> 00:05:37.399
over the course of over the course of let's say
120
00:05:38.079 --> 00:05:41.399
the month of August and the first uh, the first
121
00:05:41.480 --> 00:05:45.000
two weeks of September, we're probably gonna pick up an
122
00:05:45.000 --> 00:05:48.560
extra two million dollars of food revenue. We're gonna pick
123
00:05:48.639 --> 00:05:51.800
up an extra you know, I you know, I could
124
00:05:51.839 --> 00:05:54.720
say two million dollars a hotel of revenue. But a
125
00:05:54.759 --> 00:05:57.040
lot of this is comp revenue. But when you get
126
00:05:57.040 --> 00:06:00.199
the we get the players in, what are they gonna do. Well, yeah,
127
00:06:00.240 --> 00:06:02.360
they're gonna get a comper room, but maybe they're gonna
128
00:06:02.399 --> 00:06:04.600
you know, they get the free entry to stadium swim,
129
00:06:04.639 --> 00:06:06.680
but maybe they're gonna want to ball out. They're gonna
130
00:06:06.680 --> 00:06:09.360
take it. They're gonna take a commander for five thousand.
131
00:06:09.680 --> 00:06:12.199
So when you think about the impact in the stadium swim,
132
00:06:12.439 --> 00:06:15.720
that's probably worth an extra million to a million five
133
00:06:16.160 --> 00:06:20.319
throughout the course of the summer. Then you start thinking about, okay, well,
134
00:06:20.399 --> 00:06:23.560
what about beverage, Well, beverage is a significant part of it.
135
00:06:23.720 --> 00:06:26.240
Bars and then and then you know, we haven't even
136
00:06:26.279 --> 00:06:29.759
started talking about the gambling side. You know, people that
137
00:06:30.240 --> 00:06:34.920
buy ten entries into Circa Circa survivor Circle millions, they
138
00:06:34.959 --> 00:06:37.040
have a high perpensive and you maybe hit a blackjack
139
00:06:37.079 --> 00:06:40.120
table and then you know you're always sitting around a bar,
140
00:06:40.720 --> 00:06:44.199
your little video poker. And then guess what, it's some
141
00:06:44.360 --> 00:06:46.959
big chunk of our futures be in here. When people
142
00:06:47.000 --> 00:06:49.759
are coming into these contests, what do they also do, Hey,
143
00:06:49.800 --> 00:06:51.959
give me, give me twenty five thousand on the Chiefs
144
00:06:51.959 --> 00:06:53.959
to win the super Bowl. I want a letter and
145
00:06:54.000 --> 00:06:56.720
I want twenty five thousand Chiefs the division. She's the
146
00:06:56.800 --> 00:06:59.240
conference chief the super Bowl. And the next thing, you know,
147
00:06:59.279 --> 00:07:01.639
the guy from Buffalo those same thing, twenty five thousand
148
00:07:01.720 --> 00:07:04.959
across the board. You know. So those are the elements
149
00:07:04.959 --> 00:07:07.959
that come in. And then for us to take it
150
00:07:08.079 --> 00:07:10.439
to the next step is that we get to meet
151
00:07:10.480 --> 00:07:12.600
a lot of customers that would have walked into our place.
152
00:07:13.199 --> 00:07:15.839
And when they walk in, many of them might like it.
153
00:07:15.879 --> 00:07:18.519
They might be they might be Bellagio customers, or they
154
00:07:18.519 --> 00:07:21.560
could be are you customers, They could be Caesar's Palace.
155
00:07:21.560 --> 00:07:24.920
Customers win customers, and they come down here and like,
156
00:07:25.000 --> 00:07:27.360
oh we like it. Whether they ever end up coming
157
00:07:27.399 --> 00:07:29.920
to staying here down the road, maybe maybe not, but
158
00:07:30.399 --> 00:07:33.439
you know, they might be coming back in October for
159
00:07:33.839 --> 00:07:36.360
a college football weekend. They may be coming out for
160
00:07:36.480 --> 00:07:39.879
Super wild Card weekend. So this contest has some legs
161
00:07:39.920 --> 00:07:42.720
to it that has impact. You know, I don't look
162
00:07:42.720 --> 00:07:45.519
at this like what's the cost to run the contest,
163
00:07:45.639 --> 00:07:48.199
you know, that's the one thing, but it's it's how
164
00:07:48.240 --> 00:07:51.439
we develop customers and how our casino hosts get to
165
00:07:51.480 --> 00:07:55.839
develop these relationships, how these relationships get developed with these proxies.
166
00:07:55.959 --> 00:07:58.720
I mean, this is all part of this ecosystem. So yeah,
167
00:07:58.759 --> 00:08:01.160
for us to run the contest year kind of we
168
00:08:01.199 --> 00:08:03.920
looked at them like between the advertising. Now I do
169
00:08:04.040 --> 00:08:06.399
get the ability to put the foot on my foot
170
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on the gas every now and then, I mean, you know,
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you gotta you gotta, you gotta go go to the
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gas station. You get a little advertisement right there. You
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gotta right, so we can add or some practice, we
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get closer, you know, electronic billboard throughout towns.
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Like the airport coming.
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Then you get hit with you know, so you can't
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get into Vegas without saying it.
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So I don't have a fix.
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I don't have a fixed cost, but I would say
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seven million, give or take. Usually I add a little
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more at the end of booster. But yeah, that's what
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it costs us to run. Then run the contest.
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How about how transparent?
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It's great transparent these big corporations that branding, you.
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Know the value.
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It's like you said earlier, you said, there's the contest
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within the contest. You basically created the season within the season.
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Like you already know you're gonna be busy football season
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just by the nature of football season.
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But now it's like you own football.
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Season when you do something like this for all those
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reasons you just mentioned, it's really it's it's genius. But
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you've always been a visionary, I mean to I told
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you the first time you were on wisecracks with us
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a few years ago.
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Like I thought, but before I ever.
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Met you, I thought you were crazy for building this downtown.
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I was like, that's never gonna work.
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I couldn't have been more wrong, Like you literally made
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downtown what it is.
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Well, you know, for us, I always think of business,
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no matter what business you're in. Could be a restaurant,
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could be it could be software development, it could be
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Casito hospital. You gotta focus in on and you gotta
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know your customer, and then you got to focus on
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the customer. You could be wrong. I mean, business is tough,
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but if you focus on one thing and you focus
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on the customer and you try to come up with
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an experience that a customer would or want, I think
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you're going down the right path for me. You know,
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I'm not an art guy. I'm not cultured in that manner,
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so I wanted to stay the hell out of that.
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But I love sports. I love sports gambling. I've been
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coming here since I've since I've been under twenty one,
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and we all were and you know, for me, I
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always thought about those moments in my life that impacted me,
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Like that moment I walked in to Caesar's Palace the
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first time at that sports book, I go, WHOA, that's
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that's ingreat. That's a memory I'll never be the first
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time I walked into the Las Vegas Hilton, I thought,
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oh my god, the greatest joint I ever seen. It's unbelievable.
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And I wanted to create something that would attract people.
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And I thought, well, you know, we're not going to
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have eight thousand hotel rooms here, so I'm not going
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to compete on hotel rooms. I don't have the money
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to do that. I don't really want to do that.
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But I wanted to create something that was best in class,
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that attracted a demographic of people that were somewhat like minded.
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And I know when people come to Vegas, a lot
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of them are very very loyal to Caesar's properties. Maybe
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there's a Caesar's property of their hometown, so they got
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all the points they're gonna stay. See, maybe there's people
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that are loyal to MGM properties. Maybe there's people that
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are loyal to win property. Maybe there's people that are
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loyal to their Hiatt points or their Hilton points or
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their Mariatt they're bonvoid points, They're gonna stay somewhere else.
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So let's not focus on the hotel component, but let's
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focus in on a subset of the hotel there's one
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hundred and sixty thousand hotel rooms in Vegas. A certain
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presentatives of those people that are gonna be in those
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rooms tonight are big time sports fans. And if you're
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big time sports fans. Wouldn't you want to come out
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and see the world's largest sports book. So I'm really
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trying to take you know, a few people from every place,
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even Airbnb's whatever stuff. And this is a great place
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if you love sports, you love math, you love numbers,
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you love gambling. This is why I wanted to attract.
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And you're here every Sunday watching the games too, even
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though Sunday is usually a day off for most executives people,
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but you are during the season though you're kind of
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here most of the Sundays.
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I love it.
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I love it. I mean, I mean, and the way
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things are going, I might be here even more. I'm here.
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I'm here a lot, but but I mean this streaming
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stuffs for the birds bill, right, I'm telling you, I
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got to see every gate, right. You know, you know
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this this thing and going on. You like this change,
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I mean, you know you're flipping back. It's I mean,
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this is like one of those things that's new and improved,
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but actually it's new and worse, you know, in the
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old days. I mean, I think we all love Sunday ticket,
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we all love the reds be able to watch all
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the I gotta watch all the gates. I don't want
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to have I don't want to have any buffering, and
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that and the latency shot me crazy. I'm watching my
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phone all the time. I cannot deal with a sixty
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five second ninety second late are you kidding? And that's
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just terrible.
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It is that long. It is that long of delay,
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and uh, you know, where else can you go? I
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said this multiple times on all my platforms. I just
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talked about this on Fox Sports Radio. I talked about
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you a couple of weeks go on Fox Sports Radio.
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I said, where else can you go? Go into a
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casino and say.
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Hello to the owner.
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He's happy to shake your hand, Bring you in, Come
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to the bar, the bar, right, come to the bar.
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I just said it for sometimes Berry's dinner. And yeah, no,
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it's just so cool. And there's just not there's not
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a lot.
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Of old school vibes and old school transparent people. You
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just said so much stuff that you didn't have to
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say how much you spend on this?
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This?
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This?
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People want to know this. I've been asked this the
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multitude the time. I've been saving this question. When can
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they play these contests at your other casinos outside of Nevada?
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Now? That's going to take a lot.
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I guess I might even violate the sixty one wiret.
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I don't know how how these how these contests work.
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When are is circa When when is the survivor going
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to be maybe more of a national contest?
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Are you shooting for that? That may be very costly too.
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So so let me answer you your last question first,
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All right, are we shooting for a national contest? I
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would tell you the answer to that is it depends.
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It depends on the regulatory environment, and it depends on
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the story. If we were to offer any of our
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football contests out of state where people could register remotely, yes,
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I already said what it costs to run these things, Well,
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there's going to be a rate on it. You got
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to pay for We run a no rate contest by
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and our business model. I gave you all the different
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benefits we have of having people come here. So if
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we were to do something where you can sign up
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in Illinois or Kentucky or in the future in Arizona,
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things like that, it would depend. So is that a goal?
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Not necessarily, but it depends on how the regulatory environment
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shakes out. I would also say that based upon our
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legal console. We are of the belief is still not legal,
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and because we have a gaming license sure in six
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jurisdictions seven coming up early next you're in Arizona. Huh.
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I don't want to risk our our gaming license because
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we currently believe doing that is not legal. There's a
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couple of lawyers that have put out some white papers
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that say it's legal, but it's never been tested. And
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I'm certainly not going to risk that because I don't believe.
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I don't believe that to be a legal scenario today
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for multiple reasons.
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I got you, I got you. John, We've taken enough
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of his time here.
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Well, I have one quick question.
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Uh, you know, I play a lot of poker, played
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just got done playing a World Series of Poker for
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this whole summer. Michaels I got Bill back into the
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poker scene.
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Last year he played the he played the senior event.
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This year he played the main event.
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What do we gotta do to get you to play
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either the senior event or the He's not.
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A senior yet, I'm a senior, right, I'll take whatever
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advantage I got right or the main event next year?
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Can it happen?
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Would you ever do it?
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I would tell you a I don't know how to
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play poker. Okay, yeah, I will tell you I don't
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know how to play poker. Like everybody asked, I, do
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you not know how to play poker? I go, well,
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so many like I enjoy it. I've played. I've played
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in two games in in the last two years. Both
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were charity events, Greg Mannox's event that we do we
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do it here, so I get a seat at the
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Greg Mannocks event. So I enjoy it. But I will
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tell you, like I I needed help, you know, I
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couldn't like I wasn't sure it was a straight better
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than a flush or not.
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That's kind of.
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Where so that's kind of my love. Can I do it?
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For the social aspect, I enjoy watching these arrivals at
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the main event. Wherever I would get posted or whatever
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table I would at, I would be considered a lamb.
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He has given it sacrifice to the other eight guys
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at that opening table. But I would do it. I
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would do it for a lot of fun. Yeah, well,
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I would wear I would wear a logan.
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You know.
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Media Circuit were a kid, though you were in Michigan
361
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as a kid, you guys didn't play poker games and
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as a kid.
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But first of all, did your dad allow gambling?
364
00:17:18.440 --> 00:17:21.720
No? No, I uh, there was there was no poker
365
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and there was no poker in my house. So there's
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no poker within my friend's set. It was even when
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I went to college. I think maybe I was of
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the ear that was a little bit before the poker
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it was. I was, I was out of college before
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the money Maker, Like I went away. What was the
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moneymaker year two thousand and two. Oh, yeah, I was.
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I was way out of college like Rounders movie Rounds
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came out, like nineteen ninety eight.
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Yeah, I was out of college. So I so poker wasn't.
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I can tell you, I like we gambled on football.
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I can tell you that every single guy in my
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frateririty was betting on a game. All we were all
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into that. But I can tell you I don't remember
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anybody ever say hey, you want to play a poker game.
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But just it wasn't a thing back in It wasn't
381
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a thing back in the late eighties and early nineties.
382
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Sports betting was though a little bit.
383
00:18:14.839 --> 00:18:18.759
Sports betting it certainly was, I mean absolutely, but poker
384
00:18:18.839 --> 00:18:21.519
just was never never. No, there's nothing against it, but nobody.
385
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I would think, like, if I can take myself back
386
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to here and say, hey, let's go play Texas, hold them,
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I would bet very few people would have known the rules.
388
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What was your business before these casinos?
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What was your business before? People don't know?
390
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But what did you do before you ventured into the
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old Fitzgerald's right?
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That was FitzGeralds.
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Golden Gate was my first one.
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Oh, Golden Gate.
395
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Okay, two thousand and six, Golden in Vegas?
396
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Twenty years Okay, what did you do with twenty five
397
00:18:47.720 --> 00:18:48.119
years ago?
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I ran an automotive manufacturing company in Detroit. Right, make
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parts for cars.
400
00:18:54.640 --> 00:18:56.319
Make parts for cars. You just decided to come out
401
00:18:56.319 --> 00:18:57.440
to Vegas and take a shot.
402
00:18:57.480 --> 00:19:01.079
Well, I made parts for cars, will make parts for cars,
403
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So it's still a business I'm in. But I always
404
00:19:06.000 --> 00:19:09.920
wanted to grow a business, and I i I really
405
00:19:10.359 --> 00:19:15.279
came to love my automotive manufacturing business. But what I
406
00:19:15.359 --> 00:19:18.039
love is I love taking a business and growing a business.
407
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I love growing teams, building building up teams, growing growing businesses.
408
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And I felt that to grow a business as quickly
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as possible, I needed to go to a state that
410
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didn't have an income tax, so so frankly I was,
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I focused in on four States, and I knew I
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wanted to keep my business on on auto parts of manufacturing.
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I'm still the CEO of that company. I'm I'm it's
414
00:19:49.079 --> 00:19:52.960
still it's a good, great, great business. But we plow
415
00:19:52.960 --> 00:19:56.000
everything back into our businesses. And if we were paying
416
00:19:56.079 --> 00:20:00.440
state income tax that allows that that reduces how much
417
00:20:00.440 --> 00:20:03.200
you could put back into future businesses. So I looked
418
00:20:03.200 --> 00:20:06.039
at I looked at four States. I looked at Alaska,
419
00:20:06.160 --> 00:20:08.279
I looked at Nevada, I looked at Texas, and I
420
00:20:08.279 --> 00:20:12.400
looked at at Florida. Florida was more real estate orientated,
421
00:20:12.440 --> 00:20:15.440
and that didn't really excite me. Plus I didn't I
422
00:20:15.440 --> 00:20:23.079
don't like the humidity Texas with great respect and reverence,
423
00:20:23.720 --> 00:20:27.000
I thought. Man, at my age, I was in my
424
00:20:27.680 --> 00:20:31.599
late thirties, I go, I did not grow up talking
425
00:20:31.640 --> 00:20:35.480
about natural gas and oil at Thanksgiving dinner, and I
426
00:20:35.519 --> 00:20:38.160
think you got to really start talking about like I thought,
427
00:20:38.200 --> 00:20:39.839
I was a little too old to get into what
428
00:20:39.880 --> 00:20:42.599
I considered to be a business that I didn't want
429
00:20:42.599 --> 00:20:45.359
to go through the learning curve. There a last guy
430
00:20:45.359 --> 00:20:47.559
I just thought was too far away and it's too
431
00:20:47.680 --> 00:20:48.400
damn cold.
432
00:20:48.160 --> 00:20:51.240
And even though you were in Michigan a little bit
433
00:20:51.240 --> 00:20:51.759
too cold.
434
00:20:51.839 --> 00:20:54.079
And then and then you know, it wasn't really our
435
00:20:54.240 --> 00:20:57.359
decision because I'd been coming out to Vegas. Like I
436
00:20:57.400 --> 00:21:00.960
said earlier, so before I was twenty one. I love Nevada.
437
00:21:01.279 --> 00:21:04.559
I love the weather, I love the sunshine. I love
438
00:21:04.640 --> 00:21:09.160
the people. I love I love the convention and the
439
00:21:09.160 --> 00:21:12.640
hospitality element. And obviously I love sports, and I love gambling.
440
00:21:12.680 --> 00:21:14.799
I love the events. I mean, to me, what I
441
00:21:14.960 --> 00:21:19.559
what I find exciting. Whatever city you're in, whatever city
442
00:21:19.599 --> 00:21:23.039
you're in on let's just say a Friday afternoon could
443
00:21:23.119 --> 00:21:25.759
be coming out of New York. I've taken flights from
444
00:21:25.759 --> 00:21:29.880
these cities coming into Vegas on Friday afternoons. I've done
445
00:21:29.920 --> 00:21:33.240
it from uh I've done it from Newark. I've done
446
00:21:33.279 --> 00:21:35.559
it from Atlanta. I've done it from Cincinnati. I've done
447
00:21:35.559 --> 00:21:37.680
it from Minneapolis. I've done it from Seattle. I've done
448
00:21:37.680 --> 00:21:41.119
it from San Francisco. I've done from San Diego, La Phoenix.
449
00:21:41.720 --> 00:21:47.519
There's nothing like a Friday afternoon flight into Las Vegas.
450
00:21:47.640 --> 00:21:50.599
When you're in that when you're in that fuselage, the
451
00:21:50.799 --> 00:21:54.079
energy in the plane is it's different. It's different. Than
452
00:21:54.119 --> 00:21:56.359
if you go to any other city in this country.
453
00:21:56.680 --> 00:22:00.599
It's amazing. People are excited. And I just always felt
454
00:22:00.599 --> 00:22:03.400
it myself coming from Detroit all the time. And you
455
00:22:03.440 --> 00:22:05.160
remember one of the first few years I was out here,
456
00:22:05.200 --> 00:22:07.880
my kids were still in high school. So I flew
457
00:22:08.440 --> 00:22:11.559
back and forth every week for about four years to Detroit,
458
00:22:13.160 --> 00:22:16.279
and there was something special about when you get on
459
00:22:16.319 --> 00:22:18.279
that flight. You know that you could feel it. You
460
00:22:18.319 --> 00:22:20.359
could it's a little bit different coming in. And when
461
00:22:20.400 --> 00:22:22.759
you see the lights, you know, that's where these myths
462
00:22:22.839 --> 00:22:25.559
all they add oxygen at casinos now it's everybody gets
463
00:22:25.559 --> 00:22:26.720
all hyped though, because you're coming.
464
00:22:26.880 --> 00:22:28.440
We talked about that in the last week's show, the
465
00:22:28.480 --> 00:22:31.480
Myth of Oxygen, and you know, yeah, so and there is.
466
00:22:31.519 --> 00:22:33.559
And then sometimes you fly back where I was flying
467
00:22:33.599 --> 00:22:36.559
back to either New York, Newark or Philly, there's a
468
00:22:36.599 --> 00:22:39.640
difference on the plane. It's quiet going back. My father
469
00:22:39.880 --> 00:22:43.200
old school, he used to get so upset, almost tear up.
470
00:22:43.240 --> 00:22:45.880
He didn't want to leave flying back to Nork. So
471
00:22:46.039 --> 00:22:48.799
it is a big difference though, and uh, anything else
472
00:22:48.839 --> 00:22:50.000
for Derek, we really appreciate it.
473
00:22:51.920 --> 00:22:54.160
I have watch envy.
474
00:22:54.160 --> 00:22:55.480
Oh it's amazing.
475
00:22:55.559 --> 00:22:57.519
I love this one. This is my I bought this.
476
00:22:57.920 --> 00:23:02.039
I bought this when F one was what was coming
477
00:23:02.079 --> 00:23:05.039
here because I saw Richard mill was a was a
478
00:23:05.119 --> 00:23:07.920
sponsor for one. Yeah, I didn't know much about one.
479
00:23:07.960 --> 00:23:08.400
I watched.
480
00:23:08.400 --> 00:23:12.279
I watched the series on Netflix. Enjoyed that. Yeah, And
481
00:23:12.319 --> 00:23:14.279
I was never a watch guy. So I had a
482
00:23:14.319 --> 00:23:17.599
couple of watches, and uh, and Nicole and I were
483
00:23:17.640 --> 00:23:19.519
talking and that I'm gonna go buy a watch. So
484
00:23:19.680 --> 00:23:22.079
you're a watch guy. Now this is this. I love
485
00:23:22.160 --> 00:23:25.720
this little sixty seven. It's comfortable. Now it's my daily watch.
486
00:23:25.839 --> 00:23:26.200
I love it.
487
00:23:26.440 --> 00:23:30.279
Nice. Yeah, thank you for doing this. Thank you guys, Thank you.
488
00:23:29.759 --> 00:23:33.359
All right, Hey guys, bringing a couple more friends. Chris
489
00:23:33.359 --> 00:23:36.240
de bart FeliCa, Jeff Schwartz, my co host on Fox
490
00:23:36.279 --> 00:23:42.799
Sports Radio, and guys, what are you doing here? I'm
491
00:23:42.799 --> 00:23:44.480
so happy that Jeff's wife let him come out.
492
00:23:44.519 --> 00:23:48.079
You know, a lot of pressure on this. Many times
493
00:23:48.079 --> 00:23:50.000
she's texted me what's he doing?
494
00:23:50.680 --> 00:23:50.759
What?
495
00:23:50.839 --> 00:23:51.000
You know?
496
00:23:51.880 --> 00:23:51.920
What?
497
00:23:52.240 --> 00:23:53.799
Why is there more money out the bank account?
498
00:23:53.839 --> 00:23:55.559
Going yeah, exactly, I never can't.
499
00:23:55.640 --> 00:23:57.559
Why is it always coming out and not coming in?
500
00:23:57.799 --> 00:24:00.119
She actually asked me that last week. She goes, you
501
00:24:00.119 --> 00:24:02.000
you always put money? Give me I just look, I
502
00:24:02.079 --> 00:24:02.559
just spend it.
503
00:24:02.799 --> 00:24:04.200
You know, I never asked you this, Jeff.
504
00:24:04.319 --> 00:24:06.559
Now, before you played eight years in the NFL, were
505
00:24:06.599 --> 00:24:07.400
you with your wife then?
506
00:24:07.880 --> 00:24:08.160
Were you?
507
00:24:08.400 --> 00:24:10.119
I met her when I first got in the NFL,
508
00:24:10.279 --> 00:24:12.039
when you first got there, so like she knows me.
509
00:24:12.079 --> 00:24:14.559
Like we had nothing when I was a practice squad player,
510
00:24:14.920 --> 00:24:18.000
much less money. She was a medical assistant. And obviously
511
00:24:18.039 --> 00:24:19.920
I'm where i'm and she's now executive bosketball.
512
00:24:20.000 --> 00:24:23.920
So you still got it working. She's that's great. I'm
513
00:24:23.920 --> 00:24:24.880
so glad you gotta work.
514
00:24:24.880 --> 00:24:27.240
One of it is is that she has to work,
515
00:24:27.319 --> 00:24:29.519
otherwise I don't know what you could do all day.
516
00:24:29.559 --> 00:24:31.160
She's like a type A like, I don't know what she.
517
00:24:31.079 --> 00:24:31.880
Would do with her life.
518
00:24:31.920 --> 00:24:35.359
She comes out here to this electric daisy thing ec ADC.
519
00:24:35.720 --> 00:24:39.039
Yes, yeah, so it's partying, going crazy, yeah.
520
00:24:39.119 --> 00:24:42.559
And then she'll handle higher ing twenty docars.
521
00:24:42.200 --> 00:24:42.519
In the mouth.
522
00:24:42.640 --> 00:24:43.759
Someone's sharing what happened.
523
00:24:43.799 --> 00:24:48.759
Someone's sharing for the dodgersatani at home run. So guys,
524
00:24:48.799 --> 00:24:51.000
you know we're talking about anti Dodgers things.
525
00:24:51.160 --> 00:24:53.480
The Dodgers have lost five in a row. Yep, five
526
00:24:53.519 --> 00:24:53.799
in a row.
527
00:24:53.880 --> 00:24:56.519
I think the fifteen and thirteen, so they get that
528
00:24:56.559 --> 00:24:58.640
they get the big trade. And on Sunday, I think
529
00:24:58.640 --> 00:25:04.400
the Saturday Sunday Saturday Night and everyone's back. We interviewed
530
00:25:04.400 --> 00:25:07.119
the director of risk of bet MGM, and he's everyone's
531
00:25:07.160 --> 00:25:10.319
firing Dodgers, super Bowl, Dodgers World Series, Dodgers players, Dodgers.
532
00:25:10.640 --> 00:25:12.000
And at that point, you're too late.
533
00:25:12.279 --> 00:25:13.000
It's too late.
534
00:25:13.640 --> 00:25:16.279
Everyone has adjusted. I made a video on it Sunday
535
00:25:16.680 --> 00:25:20.759
and uh, yeah, listen. Are they the favorites? Yes, should
536
00:25:20.759 --> 00:25:23.759
they get there? Absolutely? Should they win the World Series? Oh,
537
00:25:23.759 --> 00:25:26.359
they have the talent too, but I'm not betting with
538
00:25:26.400 --> 00:25:27.119
the current odds.
539
00:25:27.240 --> 00:25:30.039
Looking last year they went out one out away from losing.
540
00:25:30.160 --> 00:25:34.599
Yeah, arguably should have lost.
541
00:25:34.920 --> 00:25:38.480
Went and two years ago against San Diego, they're throwing
542
00:25:38.519 --> 00:25:41.319
a bullpen game for survival in the first ground and
543
00:25:41.359 --> 00:25:44.720
they wanted while they have the best team, it's baseball.
544
00:25:44.759 --> 00:25:48.079
It's so land of anything like like they couldn't run
545
00:25:48.079 --> 00:25:53.440
into NS twice another five years lose like as possible.
546
00:25:53.839 --> 00:25:55.599
So you guys, do you guys come to hear it
547
00:25:55.640 --> 00:25:58.440
to town for bet Bash every year or just you're
548
00:25:58.440 --> 00:25:59.240
doing your podcast.
549
00:25:59.240 --> 00:26:02.279
This is the first all right, we Spanky, we reached
550
00:26:02.319 --> 00:26:03.960
out and invited us to do it this year, which
551
00:26:03.960 --> 00:26:05.559
you're happy to do it. It's great to come out
552
00:26:05.599 --> 00:26:07.079
here and see everybody say it.
553
00:26:07.079 --> 00:26:10.559
We'll do aren't theat Yes? Aren't that people?
554
00:26:10.799 --> 00:26:14.920
That's the thing people about And not to name other
555
00:26:15.039 --> 00:26:19.039
names or remembering the past, how the super Book.
556
00:26:18.920 --> 00:26:21.319
Used to do, like the symposiums and the panels.
557
00:26:21.519 --> 00:26:23.799
Yeah, used to love to come out every year and
558
00:26:23.839 --> 00:26:26.359
do them, meet a bunch of people. They were great
559
00:26:26.519 --> 00:26:29.000
and I've missed that so much. And this is an option.
560
00:26:29.039 --> 00:26:30.400
It's kind of the same type of app.
561
00:26:30.519 --> 00:26:32.079
You're on Fox now, yes?
562
00:26:32.160 --> 00:26:32.400
Right?
563
00:26:32.559 --> 00:26:34.920
And now do you do Fox every weekend?
564
00:26:35.440 --> 00:26:35.759
Friday?
565
00:26:35.839 --> 00:26:36.440
Is it every day?
566
00:26:36.440 --> 00:26:39.400
Your weekend big noon kickoff wherever wherever the show is
567
00:26:39.400 --> 00:26:42.200
from catching noon on on on Fox before that noon
568
00:26:42.240 --> 00:26:44.440
game and then we do the bare Bets show three
569
00:26:44.440 --> 00:26:45.000
times a week.
570
00:26:45.039 --> 00:26:46.920
We do one Monday to is that you guys together.
571
00:26:47.119 --> 00:26:49.599
It's myself, Jeff, Sammy, p Will.
572
00:26:49.480 --> 00:26:52.039
Hill and every night okay, good guy who's.
573
00:26:51.799 --> 00:26:55.519
Settling on Friday? So yeah, Monday Thursday in New York
574
00:26:56.039 --> 00:26:58.839
we do. We do the Thursday show in New York. Yes, Monday,
575
00:26:58.839 --> 00:27:01.440
we fell from Home Friday with them from sight with
576
00:27:01.519 --> 00:27:02.480
myself in Blue Stelping.
577
00:27:02.839 --> 00:27:04.960
Nice you fly to there.
578
00:27:05.039 --> 00:27:06.720
I play the ook every week, so we do this
579
00:27:06.759 --> 00:27:08.640
report Thursday, I come home.
580
00:27:09.000 --> 00:27:10.599
He then goes off to wherever he goes for.
581
00:27:10.720 --> 00:27:14.680
Can you take off with got until probably Midgejanuary?
582
00:27:14.759 --> 00:27:15.039
Really right?
583
00:27:15.079 --> 00:27:16.440
Yeah, yeah, until he was over.
584
00:27:16.599 --> 00:27:18.640
So my big question, the reason why I wanted that
585
00:27:18.759 --> 00:27:21.640
he's on. Do either you or if you participate in
586
00:27:21.720 --> 00:27:23.519
Survivor or Millions?
587
00:27:23.680 --> 00:27:23.839
Yes?
588
00:27:23.880 --> 00:27:24.240
And yes?
589
00:27:24.440 --> 00:27:26.839
Oh okay, I yeah, I just entered a couple of
590
00:27:26.920 --> 00:27:30.880
Survivor and I had not entered Millions for a while,
591
00:27:31.559 --> 00:27:33.799
just because I felt like I was kind of dead money.
592
00:27:33.799 --> 00:27:35.680
But I was like, you know what, why didn't I
593
00:27:35.720 --> 00:27:38.640
take one less Survivor and now went through a millions.
594
00:27:38.680 --> 00:27:39.960
We'll be a little bit of an overlap.
595
00:27:40.039 --> 00:27:41.599
We're going to be a little bit over and over lady,
596
00:27:42.079 --> 00:27:45.160
and maybe we get a season in the NFL where
597
00:27:45.160 --> 00:27:48.000
it kind of reverts back to what it had been
598
00:27:48.039 --> 00:27:50.440
in the past, where it's a little more contrarian and
599
00:27:50.640 --> 00:27:53.920
isn't necessarily favorite covering into ridiculous flip every week.
600
00:27:54.000 --> 00:27:56.880
So if it's that, you get that, and then they're.
601
00:27:56.680 --> 00:27:59.480
Always alive for either a booby prize or a quarterly
602
00:27:59.880 --> 00:28:00.920
or opportunity is going in.
603
00:28:01.519 --> 00:28:03.480
I don't. I don't want to press any buttons and
604
00:28:03.519 --> 00:28:03.920
get sure.
605
00:28:04.039 --> 00:28:08.359
Sure, but I while I love Survivor, I love it.
606
00:28:08.359 --> 00:28:10.759
It's great. Do you get the Saints?
607
00:28:10.839 --> 00:28:13.240
Maybe Survivor now with a little bit more of a
608
00:28:13.480 --> 00:28:16.039
bank roll type tournament, with a little bit of the
609
00:28:16.079 --> 00:28:16.920
poker bros.
610
00:28:17.119 --> 00:28:19.480
Derek just said something I never even realized people that
611
00:28:19.640 --> 00:28:23.200
Survivor you're doing bad, and you say to yourself, if
612
00:28:23.200 --> 00:28:26.000
I'm doing not doing good, forget about. They don't realize
613
00:28:26.039 --> 00:28:28.880
there's contest within the contest and there's some value there
614
00:28:28.920 --> 00:28:31.720
maybe towards the end, people not putting in that quarterly thing.
615
00:28:31.880 --> 00:28:34.960
So yeah, it should be great. So I just wanted
616
00:28:35.000 --> 00:28:36.640
to get a couple of minutes with you guys. And
617
00:28:36.680 --> 00:28:39.680
you guys are doing your podcast today. You're flying out, Yes,
618
00:28:39.920 --> 00:28:43.480
you're flying back out Thursday. Good good, well, good, Thanks
619
00:28:43.480 --> 00:28:44.119
for coming on, guys.
620
00:28:44.160 --> 00:28:45.079
Thanks, thanks, thanks.
621
00:28:45.279 --> 00:28:46.240
Don't even get asked for a pick.
622
00:28:46.680 --> 00:28:48.799
Oh you want to give us a pick? We want
623
00:28:48.839 --> 00:28:51.000
to pick. Give it. Get the guys some place.
624
00:28:51.160 --> 00:28:53.000
I played Georgia up plus two eighty to win the
625
00:28:53.079 --> 00:28:54.759
SEC might be able to find a better.
626
00:28:54.599 --> 00:28:57.359
Brights Okay, I think they're good. Did I say Rescue station?
627
00:28:57.519 --> 00:29:00.400
He said, we like Miami when they like to it's
628
00:29:00.440 --> 00:29:00.960
the same time.
629
00:29:01.480 --> 00:29:03.599
It's the same type of philosophy, but you're getting a
630
00:29:03.599 --> 00:29:05.920
better price because I think there's a really good change.
631
00:29:06.039 --> 00:29:09.440
Georgia might be the only SEC team to win ten games.
632
00:29:09.759 --> 00:29:12.880
They're gonna be in the SEC Championship game. And if
633
00:29:12.920 --> 00:29:14.480
they're there, you got him a plus two eighty.
634
00:29:14.640 --> 00:29:16.960
You're either gonna be a small favorite or a pick them.
635
00:29:17.079 --> 00:29:18.279
You can figure out what to do.
636
00:29:18.480 --> 00:29:20.319
And it's the same thing with Miami and Texas Tech
637
00:29:20.359 --> 00:29:22.839
and the AC team and Big twelve. They're gonna be
638
00:29:22.920 --> 00:29:25.279
in the game, and there'll be an even bigger favorite.
639
00:29:25.319 --> 00:29:27.119
So you offered up a little bit more of an
640
00:29:27.160 --> 00:29:28.680
opportunity maybe to kind.
641
00:29:28.519 --> 00:29:29.160
Of tend you.
642
00:29:29.680 --> 00:29:30.559
I'm sure you know this.
643
00:29:30.880 --> 00:29:33.680
I'm doing uh Fox Sports radio four years now with
644
00:29:33.799 --> 00:29:37.079
Jeff Sports of my coast, and it took him two
645
00:29:37.160 --> 00:29:39.880
years to tell me he bets Parlays by accident.
646
00:29:39.960 --> 00:29:42.279
I hear him in the background saying, I said, well,
647
00:29:42.279 --> 00:29:44.160
what would you just say, do one a week? He
648
00:29:44.519 --> 00:29:48.759
never told me this. He's firing on the bank Parlays.
649
00:29:49.119 --> 00:29:51.440
I take Mendeth for every week too, Okay, So to
650
00:29:51.480 --> 00:29:54.160
be fair, you know, like tail each other. I like
651
00:29:54.200 --> 00:29:57.720
to do one one college a week, maybe one NFL
652
00:29:57.759 --> 00:29:58.079
a week.
653
00:29:58.119 --> 00:29:58.440
That's it.
654
00:29:58.480 --> 00:30:01.920
I'm not going to in your long fairness in his defense,
655
00:30:02.319 --> 00:30:05.599
and it's a lot of we maybe find some people
656
00:30:05.680 --> 00:30:08.759
that might not be the sharpest knives against.
657
00:30:08.839 --> 00:30:11.640
Yes, yes, we found, we found. We don't worry. We
658
00:30:11.720 --> 00:30:12.880
found some people to bet against.
659
00:30:12.960 --> 00:30:13.119
Yeah.
660
00:30:13.400 --> 00:30:17.640
Now if you tell me he's teasing college football though,
661
00:30:17.720 --> 00:30:18.640
then we got a problem.
662
00:30:18.759 --> 00:30:22.640
Okay, no college yeah, no season college football. I'm just
663
00:30:22.640 --> 00:30:23.279
busting balls.
664
00:30:23.319 --> 00:30:23.559
Listen.
665
00:30:23.640 --> 00:30:26.440
I know everyone, but I said, listen, I have waived
666
00:30:26.440 --> 00:30:26.920
a white towe.
667
00:30:26.920 --> 00:30:28.640
Youbout one hundred dollars on straight bat, you get bet
668
00:30:28.640 --> 00:30:30.680
five bucks in a parlor, you send him ten dollars
669
00:30:30.720 --> 00:30:31.680
every week.
670
00:30:31.799 --> 00:30:33.799
I'm just like what, I know you love this buddy.
671
00:30:33.960 --> 00:30:36.680
But okay, So not to give any ward doing today.
672
00:30:36.680 --> 00:30:38.960
But I like like NC State over this season.
673
00:30:39.000 --> 00:30:39.240
C J.
674
00:30:39.359 --> 00:30:41.960
Bailey's really good as a quarterback. All Dave dorm does
675
00:30:42.000 --> 00:30:43.559
is win and the team is better this season. And
676
00:30:43.559 --> 00:30:46.160
their schedule he se, no Miami, no SMU, no thumbs
677
00:30:46.200 --> 00:30:49.319
in who we got home and they get the other
678
00:30:49.559 --> 00:30:50.440
juke at home as well.
679
00:30:50.640 --> 00:30:52.839
I like Michigan State under they're gonna just be bad.
680
00:30:53.039 --> 00:30:54.839
I was at Big to Me to Day last week
681
00:30:55.160 --> 00:30:58.759
talking to Pat Fitzgerald. He's a disadvantage. Wasn't to Northwestern.
682
00:30:58.759 --> 00:31:01.480
Remember he was four and twentylast years in Northwestern. He
683
00:31:01.599 --> 00:31:03.799
sat out a couple of years. He got this job
684
00:31:03.920 --> 00:31:05.680
and when when could you get new jobs? They bring
685
00:31:05.680 --> 00:31:07.799
their own players in, right, Like Matt Campbell went to
686
00:31:08.039 --> 00:31:10.640
Penn State. He brought in twenty three Iowa State players.
687
00:31:10.880 --> 00:31:12.880
Half a show brought in zero players. He doesn't have
688
00:31:12.880 --> 00:31:14.720
a team to bring in with them, so he's starting
689
00:31:15.160 --> 00:31:15.599
brand new.
690
00:31:15.680 --> 00:31:17.920
Bob Chas, you see a license thing brand new.
691
00:31:17.960 --> 00:31:20.440
So I think the play for them for Michigan's day.
692
00:31:20.440 --> 00:31:23.519
I took Miami a Taxa Tech as well. It just
693
00:31:23.559 --> 00:31:24.039
makes sense.
694
00:31:24.079 --> 00:31:26.200
Like I tried to fade Texas Tuck the season, but
695
00:31:26.319 --> 00:31:28.839
their schedule can't. You can't with their schedule like they're
696
00:31:28.880 --> 00:31:31.559
just colle football. A lot of times comes down to
697
00:31:32.119 --> 00:31:34.720
if you have more players than the team you're playing,
698
00:31:34.759 --> 00:31:37.240
you have better players. We're seeing less upstts at the
699
00:31:37.279 --> 00:31:38.200
top of college hoopball.
700
00:31:38.200 --> 00:31:38.759
I think now.
701
00:31:38.599 --> 00:31:41.799
Because of that, Texas Tech just has better players for
702
00:31:41.880 --> 00:31:43.759
the rest of the Big Twelve, and they missed the
703
00:31:43.759 --> 00:31:46.240
other teams that could possibly compete with them on a
704
00:31:46.240 --> 00:31:47.079
Saturday basis.
705
00:31:47.079 --> 00:31:48.759
So I think, know it's made a lot of sense.
706
00:31:48.759 --> 00:31:50.880
I got Jeff goes to that, he talks to the coaches,
707
00:31:50.960 --> 00:31:51.519
talks to the camp.
708
00:31:51.680 --> 00:31:52.839
Yeah, oh, did you go to Carolina?
709
00:31:52.839 --> 00:31:54.160
Did you go to the I went to Panthers.
710
00:31:54.160 --> 00:31:56.279
Pantherste what do you got first? For the game?
711
00:31:56.559 --> 00:31:58.440
They well, look, so they're playing.
712
00:31:58.440 --> 00:32:02.599
They're not gonna play the starters obviously, and there's rumors
713
00:32:02.599 --> 00:32:04.799
they're going to play Uh well Hayes King for a while.
714
00:32:04.960 --> 00:32:06.480
Okay, I'm not sure King can.
715
00:32:06.359 --> 00:32:08.039
Throw the ball yet. So I was gonna say, what
716
00:32:08.359 --> 00:32:09.519
what is that?
717
00:32:09.240 --> 00:32:09.279
That?
718
00:32:09.519 --> 00:32:10.039
That's an under?
719
00:32:10.119 --> 00:32:11.359
Probably playing right, you would.
720
00:32:11.160 --> 00:32:12.160
Think thirty five and a half.
721
00:32:12.200 --> 00:32:13.480
I think everyone taking under.
722
00:32:13.359 --> 00:32:14.759
In the first in the first hall of Indian and
723
00:32:14.839 --> 00:32:16.680
that's what everyone does, right, they just met the under.
724
00:32:16.720 --> 00:32:18.440
But you think it would be adjusted then, and the
725
00:32:18.519 --> 00:32:20.079
books know it too, having the guns right.
726
00:32:20.000 --> 00:32:22.519
So you get a lot of coursing back for Arizona.
727
00:32:22.559 --> 00:32:22.920
You'll get you.
728
00:32:23.480 --> 00:32:25.000
I heard, I see. I heard that that's the reason
729
00:32:25.039 --> 00:32:25.759
why the line moved back.
730
00:32:25.839 --> 00:32:27.160
Yeah a little, so I saw.
731
00:32:27.480 --> 00:32:27.880
I will not.
732
00:32:27.920 --> 00:32:29.880
I don't know who had this this joke on Twitter,
733
00:32:29.920 --> 00:32:32.279
but Carson Beck might throw the last pass in college
734
00:32:32.279 --> 00:32:34.960
football in the first past the NFL Wow, which is
735
00:32:35.079 --> 00:32:36.079
probably never been done before.
736
00:32:36.880 --> 00:32:39.440
But listen, watch watch these guys. They got some good information.
737
00:32:39.680 --> 00:32:40.720
Watch their shows too.
738
00:32:41.240 --> 00:32:41.400
Uh.
739
00:32:41.440 --> 00:32:44.880
We appreciate it, guys, appreciate having there's some picks there. Hey, guys,
740
00:32:44.880 --> 00:32:47.680
welcome back to Wise Cracks. Real excited over here at
741
00:32:47.680 --> 00:32:49.640
the circa betfash in town.
742
00:32:49.759 --> 00:32:50.720
Lots of people.
743
00:32:50.440 --> 00:32:53.960
Coming by that the sanitizer out.
744
00:32:54.599 --> 00:32:57.000
John's a jerremphobe. I'm trying to people are coming up
745
00:32:57.000 --> 00:32:57.960
to him like crazy.
746
00:32:58.519 --> 00:33:02.799
And our h one of our producers, our regular producers
747
00:33:02.799 --> 00:33:06.160
not here today. We have Tom today and uh, Tom
748
00:33:06.200 --> 00:33:08.440
and Gil Alexander both look like they're right out of
749
00:33:08.480 --> 00:33:11.400
the seventies porn like all right with that the hand
750
00:33:11.519 --> 00:33:13.480
hand and Gil has the porn glasses.
751
00:33:13.519 --> 00:33:15.799
I mean they would.
752
00:33:15.880 --> 00:33:17.920
Yeah quality, yeah, all right.
753
00:33:17.960 --> 00:33:22.319
So we have of course John Orlando Travis Geiger here today,
754
00:33:22.920 --> 00:33:25.039
one of the Wager Wire founders, one of them, right,
755
00:33:25.160 --> 00:33:26.680
this couple of guys, are you the.
756
00:33:26.680 --> 00:33:29.400
Guy me and my two best friends from u c
757
00:33:29.559 --> 00:33:30.319
l A wow.
758
00:33:30.599 --> 00:33:32.440
When he's like the leader, you know, you're just you're
759
00:33:32.440 --> 00:33:33.400
putting him on the spot.
760
00:33:33.680 --> 00:33:36.039
I don't want to say not, you're going to watch
761
00:33:36.079 --> 00:33:39.119
this He's yeah, no, well he's got family money.
762
00:33:40.839 --> 00:33:42.799
Oh, big, big money.
763
00:33:42.920 --> 00:33:47.880
Harder, and everything's harder, you know, Like that's why I
764
00:33:47.920 --> 00:33:48.119
love it.
765
00:33:48.240 --> 00:33:49.119
That's why I love this show.
766
00:33:49.160 --> 00:33:49.839
That's why we're here.
767
00:33:49.920 --> 00:33:50.680
So I'll tell you why.
768
00:33:50.839 --> 00:33:53.319
Like we were saying, you know, should I get some questions, No,
769
00:33:53.400 --> 00:33:55.319
we do think spontaneously here at Travis.
770
00:33:55.759 --> 00:33:57.079
So I want.
771
00:33:56.960 --> 00:34:02.519
People to know a little bit because I am obviously
772
00:34:02.640 --> 00:34:05.079
you guys know, everyone knows I'm against parlays. If people
773
00:34:05.079 --> 00:34:08.400
are parlays, they make up sixty to seventy percent of
774
00:34:08.400 --> 00:34:11.360
the sports books profit. So of course I'm looking to
775
00:34:11.360 --> 00:34:14.519
help the public don't bet parlays. But it doesn't matter
776
00:34:14.800 --> 00:34:19.079
whatever I say, it's still gonna bet parlays. And I
777
00:34:19.119 --> 00:34:23.199
am really literally have waved a white towel, white handkerchief
778
00:34:23.559 --> 00:34:25.559
because I say, listen, all right, you're gonna bet him anyway.
779
00:34:26.039 --> 00:34:26.199
I have.
780
00:34:26.320 --> 00:34:30.360
Like my co host on Fox, Jeff Schwartz, NFL player,
781
00:34:31.639 --> 00:34:34.039
it took him like years to admit that he bets
782
00:34:34.079 --> 00:34:36.760
parlays because he knows I'm against him. And I said,
783
00:34:36.840 --> 00:34:39.239
all right, Jeff, you could bet them, go ahead, you
784
00:34:39.239 --> 00:34:41.679
want to. I'm gonna give you some good plays a
785
00:34:41.760 --> 00:34:44.840
preseason football, great moves, but yet you still want to
786
00:34:44.880 --> 00:34:46.199
bet parlays with this stuff.
787
00:34:46.519 --> 00:34:48.360
Bet ten percent of what you bet on a bets.
788
00:34:48.360 --> 00:34:49.840
Have you bet one hundred dollars on a straight bet
789
00:34:50.119 --> 00:34:52.000
goad you want to get five or ten dollars on
790
00:34:52.039 --> 00:34:52.760
a five teamer.
791
00:34:53.239 --> 00:34:55.320
I'm not doing it, but if you're gonna do it anyway.
792
00:34:55.679 --> 00:35:00.840
So your company's based on parlay betters coming to you
793
00:35:01.280 --> 00:35:05.039
trying to maybe hedge after they win a leg or two.
794
00:35:05.079 --> 00:35:05.719
Am I correct?
795
00:35:06.480 --> 00:35:09.000
So actually, what our company is based on is letting
796
00:35:09.039 --> 00:35:12.000
people get in and out of their positions. So oftentimes
797
00:35:12.000 --> 00:35:14.239
the most lucrative is when you're a couple eggs.
798
00:35:14.000 --> 00:35:15.719
In, but it can be futures, it can even be
799
00:35:15.800 --> 00:35:16.280
same game.
800
00:35:16.480 --> 00:35:18.480
And that's why five years ago when we started a
801
00:35:18.480 --> 00:35:21.719
wage to wire before prediction markets, what we were doing
802
00:35:21.880 --> 00:35:23.840
was we were addressing I think the problems that you
803
00:35:23.880 --> 00:35:26.519
have with parlayers, which is that the house is taking
804
00:35:26.559 --> 00:35:31.119
an incredibly big cut that actually it's a losing proposition
805
00:35:31.199 --> 00:35:32.559
that you're probably going to get three out of the
806
00:35:32.599 --> 00:35:33.760
four every single time.
807
00:35:33.920 --> 00:35:35.760
So what we wanted to do is give people an out.
808
00:35:35.960 --> 00:35:37.960
And then what prediction markets do, which we can get into,
809
00:35:38.119 --> 00:35:41.199
is it really takes away that that house cut as much.
810
00:35:41.480 --> 00:35:42.639
Now there still is a house.
811
00:35:42.679 --> 00:35:45.760
It's people on the other side, sometimes institutions, but we're
812
00:35:45.800 --> 00:35:49.079
not dealing with a guaranteed sixty percent haircut on the
813
00:35:49.159 --> 00:35:52.039
value of the thing. So to your point, what we
814
00:35:52.119 --> 00:35:54.679
really wanted to do was create a stub hub or
815
00:35:54.679 --> 00:35:56.880
an eBay for sports bets where you could sell your
816
00:35:56.920 --> 00:36:00.239
position after you place it at the window. And the
817
00:36:00.239 --> 00:36:04.000
most lucrative bets for people were parlays in progress. The
818
00:36:04.039 --> 00:36:06.159
way that we got into prediction markets, which we can
819
00:36:06.199 --> 00:36:08.840
talk about, Uh, you know, if you guys want to,
820
00:36:09.159 --> 00:36:13.039
is that are our savviest market makers call it. We're
821
00:36:13.079 --> 00:36:17.280
taking Dodgers last leg yes on a vet, let's call
822
00:36:17.320 --> 00:36:20.760
it at CIRCA and then taking Dodgers no on Calshi
823
00:36:21.039 --> 00:36:23.599
and locking in that ev And so what we wanted
824
00:36:23.599 --> 00:36:25.679
to do was just give the power back to the betters.
825
00:36:26.000 --> 00:36:27.840
We don't want to be part of this toxic cycle
826
00:36:27.880 --> 00:36:29.320
of parlays. We just want to be positional.
827
00:36:29.599 --> 00:36:30.239
Wunny you say that.
828
00:36:30.280 --> 00:36:34.280
So yesterday someone texts me from Calshe I don't know,
829
00:36:34.800 --> 00:36:39.280
but yeah, he said, I managed trade relationships at Calshie.
830
00:36:39.280 --> 00:36:41.440
I would imagine there are ways we can benefit one
831
00:36:41.440 --> 00:36:43.760
of another. For a phone call today, I didn't call
832
00:36:43.800 --> 00:36:48.280
them Stu, all right, see your name's Stu. I live
833
00:36:48.280 --> 00:36:51.199
in Nevada. Calchie is illegal here.
834
00:36:51.519 --> 00:36:52.639
We can't. We can't use.
835
00:36:52.519 --> 00:36:54.360
Calcie unless you're filming a Netflix doc.
836
00:36:54.679 --> 00:36:55.800
Yeah, no, we can't.
837
00:36:56.000 --> 00:37:01.400
So, yeah, it would be a market maker. Would would
838
00:37:01.400 --> 00:37:04.679
not be applicable here in Nevada. We don't have those.
839
00:37:04.719 --> 00:37:06.760
But we don't have them here. We have a real
840
00:37:06.800 --> 00:37:10.400
strong gaming commission. They're keeping everyone out.
841
00:37:10.480 --> 00:37:11.920
They can shout out Becky Harris.
842
00:37:12.039 --> 00:37:13.920
Oh really, she's a friend.
843
00:37:14.079 --> 00:37:16.800
Okay, but I know Nevada, so I'm actually interested in this.
844
00:37:16.920 --> 00:37:20.400
So there was a lot of drama with Calshi and
845
00:37:20.440 --> 00:37:23.880
the Netflix documentary because you cannot play Calhie in Nevada.
846
00:37:24.320 --> 00:37:26.559
One of the things that they did, even when digital
847
00:37:26.599 --> 00:37:29.039
sports Benning came around, you had to deposit into your
848
00:37:29.440 --> 00:37:33.559
app at the window. So as Nevada guys, how do
849
00:37:33.599 --> 00:37:37.719
you feel about Nevada's I don't know if we want
850
00:37:37.760 --> 00:37:39.719
to talk out a turner if that's a crazy.
851
00:37:39.519 --> 00:37:41.519
Question, No, this is crazy.
852
00:37:41.639 --> 00:37:44.920
But this is still like in the movie Casino when
853
00:37:44.920 --> 00:37:47.639
you see the County Commissioner coming and mister Rothstein talking
854
00:37:47.639 --> 00:37:50.119
with him, and he said, mister Rothstein, you'll never know
855
00:37:50.159 --> 00:37:50.760
how it works.
856
00:37:51.079 --> 00:37:54.440
You're all just our guest. And it's still that way here.
857
00:37:54.519 --> 00:37:59.119
They don't want another Cancer Gaming coming in townfing things up.
858
00:37:59.599 --> 00:38:00.639
Can came in.
859
00:38:00.599 --> 00:38:03.800
Here, but they were Levy the biggest fine I think
860
00:38:03.800 --> 00:38:06.199
it was twenty seven and another five thirty two million
861
00:38:06.199 --> 00:38:08.960
in fines against them for a lot of the things
862
00:38:08.960 --> 00:38:11.800
they did wrong. Canter Gaming a spin off of a
863
00:38:11.920 --> 00:38:16.199
division of Canter Fitzgerald. And they just don't want anything
864
00:38:16.239 --> 00:38:20.360
happening here. And let's be blunts. I have Derek Stevens
865
00:38:20.360 --> 00:38:23.639
coming on. We have some very strong individual owners here
866
00:38:23.679 --> 00:38:26.000
in town. Michael Gaughan, Derek Stevens.
867
00:38:26.360 --> 00:38:26.480
Uh.
868
00:38:26.679 --> 00:38:29.280
You know the guy that owns Treasure Island. It's his name,
869
00:38:29.360 --> 00:38:33.159
Treasure Island guy, Jack spar Phil Ruffin, Did you say
870
00:38:33.239 --> 00:38:33.880
Jack Sparrow.
871
00:38:34.039 --> 00:38:35.159
I'm sorry, it's a joke.
872
00:38:35.320 --> 00:38:37.719
Oh oh okay, yeah, I told you said Jack Sparrow.
873
00:38:37.920 --> 00:38:39.320
Say that's not really good.
874
00:38:39.800 --> 00:38:41.239
I do to jokes tot, you know.
875
00:38:41.719 --> 00:38:44.159
Actually I'm proud of the.
876
00:38:44.079 --> 00:38:46.840
Rest of the jokes. Are all cracks die overstep, But we.
877
00:38:46.880 --> 00:38:49.800
And we have very strong gaming companies here also, so
878
00:38:50.679 --> 00:38:53.960
they are they are cracking down on people or new
879
00:38:54.079 --> 00:38:57.320
new new things trying to come in. So tell us
880
00:38:57.360 --> 00:39:00.679
before we get off here, what exactly you offer?
881
00:39:00.800 --> 00:39:04.039
Is it? What's waderwire dot com and the wager wire app? Correct?
882
00:39:04.119 --> 00:39:06.679
Yeah, and you can go on there and you could
883
00:39:06.679 --> 00:39:07.599
see the marketplace.
884
00:39:07.679 --> 00:39:08.920
Am I saying the right word? Yeah?
885
00:39:09.000 --> 00:39:10.400
You know, and for the people that watch your show,
886
00:39:10.440 --> 00:39:13.079
they're probably very familiar, right. And so if you have
887
00:39:13.119 --> 00:39:15.559
a parlay, basically we can help you be cash out right,
888
00:39:15.800 --> 00:39:17.760
because what we are is a peer to peer cash out.
889
00:39:17.880 --> 00:39:20.320
So rather than just take what the book is offering you,
890
00:39:20.320 --> 00:39:21.920
you could name your price what you think is fair
891
00:39:21.960 --> 00:39:23.800
and that's what our calculator does. It helps you find
892
00:39:23.800 --> 00:39:26.400
out what fair value is. We can actually determine the
893
00:39:26.440 --> 00:39:29.000
rip off rate we call it of what the the
894
00:39:29.239 --> 00:39:33.039
additional vig right, and with same game parlay as it's crazy,
895
00:39:33.039 --> 00:39:34.639
it's actually a black pot, we call it. There's a
896
00:39:34.639 --> 00:39:38.199
correlation tax. There's all these correlation taxes. Additional viigs will
897
00:39:38.199 --> 00:39:39.800
help you calculate that. We'll let you know what the
898
00:39:39.840 --> 00:39:42.440
fair value is and then you can post it for sale.
899
00:39:42.480 --> 00:39:43.920
We'll let you know what we think we'll move. We'll
900
00:39:43.920 --> 00:39:46.000
say it's a A B or C, just like a stub hub.
901
00:39:46.239 --> 00:39:48.239
And that's how it started. We wanted to, you know,
902
00:39:48.280 --> 00:39:52.920
bring that what eventually became prediction markets to online sports betting.
903
00:39:53.800 --> 00:39:56.239
Now with predictions, which we're doing not here in the
904
00:39:56.320 --> 00:39:59.320
US but abroad. What we're gonna I can actually announce
905
00:39:59.320 --> 00:40:01.000
it here for the first what we're gonna launch soon
906
00:40:01.079 --> 00:40:04.039
is well, if you submit your screenshot of your VET,
907
00:40:05.039 --> 00:40:06.960
we'll give you a price that we think we can
908
00:40:07.000 --> 00:40:09.119
sell it for and it'll always beat cash out. And
909
00:40:09.159 --> 00:40:10.920
the way that we're gonna do that is our market
910
00:40:10.920 --> 00:40:13.519
makers are going to hedge it on a prediction market.
911
00:40:13.760 --> 00:40:17.159
Oh, I didn't even know what was happening that that asked.
912
00:40:17.079 --> 00:40:19.480
You guys essentially just become the buyers. So we're the
913
00:40:19.480 --> 00:40:21.119
best cash out in town. Don't do it with the.
914
00:40:21.079 --> 00:40:23.920
Book, right, Yeah, we know. Like when then when you
915
00:40:23.920 --> 00:40:26.400
get offered a cash out.
916
00:40:26.280 --> 00:40:26.920
It's obscene.
917
00:40:27.480 --> 00:40:29.239
Some of them are just it's exceeded.
918
00:40:29.400 --> 00:40:32.039
And it's the reason that prediction markets came into power.
919
00:40:32.159 --> 00:40:35.920
I think it is because the books pigs get fat,
920
00:40:36.239 --> 00:40:37.119
hogs get slaughtered.
921
00:40:37.639 --> 00:40:40.119
They weren't willing to just give up that margin.
922
00:40:40.719 --> 00:40:43.559
They had to keep that fat margin, and everyone was
923
00:40:43.599 --> 00:40:46.159
locked into their positions and they had they couldn't even
924
00:40:46.199 --> 00:40:48.719
put up the hedge equity they needed to guarantee their spot.
925
00:40:49.039 --> 00:40:51.400
And these guys were just getting drilled drill, drill, drill, drilled.
926
00:40:51.440 --> 00:40:52.199
Now a couple of guys.
927
00:40:52.079 --> 00:40:54.840
From MIT come in with economics degrees and they say,
928
00:40:54.880 --> 00:40:57.199
forget all that, and that's why the whole industry is
929
00:40:57.199 --> 00:40:57.639
in trouble.
930
00:40:58.400 --> 00:41:00.639
Do you think we'll ever see the day where Calci
931
00:41:00.840 --> 00:41:02.480
or Draft Kings you can make that.
932
00:41:02.599 --> 00:41:05.360
No, maybe not DraftKings. I think Calci has.
933
00:41:05.360 --> 00:41:08.119
Has a little more, has a little more grounds of
934
00:41:08.199 --> 00:41:11.679
step on there. So Draft Kings their offices right here
935
00:41:11.679 --> 00:41:14.880
in town there, they're you know, approving bets right here
936
00:41:14.920 --> 00:41:16.840
in town in Nevada. But yet we don't have a
937
00:41:16.880 --> 00:41:17.760
place to bet them in here.
938
00:41:18.159 --> 00:41:19.159
And as far.
939
00:41:19.039 --> 00:41:22.280
As the DraftKings and these other sites are, they're getting
940
00:41:22.280 --> 00:41:25.119
into the prediction market area.
941
00:41:24.880 --> 00:41:26.760
Now, so they have to they have to because to
942
00:41:26.800 --> 00:41:29.199
protect their No one wants to cash out with them anymore,
943
00:41:29.280 --> 00:41:32.639
right right, And it's like they were I feel like
944
00:41:32.719 --> 00:41:35.119
squeezing the consumer for so long because they were the
945
00:41:35.159 --> 00:41:36.639
only game in town. And I feel like it's the
946
00:41:36.639 --> 00:41:38.039
same toxic attitude.
947
00:41:37.639 --> 00:41:38.639
That got Nevada in trouble.
948
00:41:38.639 --> 00:41:41.079
It's like, we're the only game in town, right, and
949
00:41:41.119 --> 00:41:43.159
so we can do whatever we want. But in the
950
00:41:43.239 --> 00:41:46.480
capitalist society, the customer is always going to be right
951
00:41:46.519 --> 00:41:47.840
on a long enough timeline.
952
00:41:48.599 --> 00:41:50.760
Cool, cool, Well listen, thanks for coming on.
953
00:41:50.960 --> 00:41:53.199
Well, people know a little more else want to questions?
954
00:41:53.239 --> 00:41:53.559
Go ahead?
955
00:41:53.559 --> 00:41:56.320
What do you think about prediction markets? And have you
956
00:41:56.400 --> 00:41:56.719
used one?
957
00:41:56.840 --> 00:41:59.519
No, I haven't lived here, but I'm going to be
958
00:41:59.639 --> 00:42:02.920
travel a little bit more. And no, how can you
959
00:42:02.960 --> 00:42:07.480
bet baseball in when they have twenty cent baseball lines?
960
00:42:07.559 --> 00:42:10.960
Nevada has like fifteen cent lines. Twenty cent lines.
961
00:42:11.480 --> 00:42:14.199
You're laying a dollar fifty, you're coming back a dollar fifteen.
962
00:42:14.280 --> 00:42:16.920
I seen dollar fifteen. I'm used to coming back a
963
00:42:16.920 --> 00:42:21.119
dollar forty. Prediction Marcus, the fair and market value a
964
00:42:21.159 --> 00:42:25.159
dollar forty five on both sides. So literally that's the
965
00:42:25.159 --> 00:42:28.119
fair number minus one forty five, the ask and the
966
00:42:28.119 --> 00:42:29.079
bid one forty four.
967
00:42:29.119 --> 00:42:31.079
Whatever it may be. You have it. And then there's
968
00:42:31.079 --> 00:42:31.400
a you.
969
00:42:31.320 --> 00:42:33.079
Know, of course there's a little bit of a they
970
00:42:33.119 --> 00:42:34.800
have to make money, so let's call it a two
971
00:42:34.800 --> 00:42:36.480
cent line.
972
00:42:36.880 --> 00:42:40.280
He really, it's hard to bet sports.
973
00:42:40.519 --> 00:42:42.079
It was gonna be one of my subjects for today.
974
00:42:42.480 --> 00:42:46.199
It's actually hard to bet sports in Nevada. Imagine me
975
00:42:46.239 --> 00:42:49.760
saying that sports betting capital of the world. It's hard
976
00:42:49.800 --> 00:42:53.840
for me now with super Book closed. I have here Circa,
977
00:42:54.239 --> 00:42:56.360
I have South Point. I have to go in person
978
00:42:56.400 --> 00:42:59.039
at the counter. The app doesn't take as much. I
979
00:42:59.079 --> 00:43:02.360
have the win on the I can't name anywhere else
980
00:43:02.400 --> 00:43:04.880
that I really have that I do have.
981
00:43:04.880 --> 00:43:05.440
Bet MGM.
982
00:43:05.480 --> 00:43:07.800
They're pretty good to me BETMGM because they are a
983
00:43:07.800 --> 00:43:10.880
sponsored one of my shows. I can't bet at Caesar's.
984
00:43:11.800 --> 00:43:14.920
I can't bet you know the boy. The stations that
985
00:43:14.920 --> 00:43:17.760
can go on and on, and places are closing and
986
00:43:17.800 --> 00:43:21.079
closing more and more. There was twenty three places for
987
00:43:21.119 --> 00:43:24.119
me to bet twenty three years ago when I came to town.
988
00:43:24.639 --> 00:43:27.960
Now I have less than five. So I will be
989
00:43:28.039 --> 00:43:29.480
doing some traveling.
990
00:43:29.079 --> 00:43:32.280
Though, just to see how it works during football season,
991
00:43:32.960 --> 00:43:34.559
to see how some of the other I was in
992
00:43:34.559 --> 00:43:37.519
New Jersey, right, I was in New Jersey a lot
993
00:43:37.840 --> 00:43:40.599
until they stopped retail. I FanDuel pulled up retail, and
994
00:43:40.840 --> 00:43:44.079
Atlantic City A lot of the Atlantic City books scared
995
00:43:44.079 --> 00:43:48.800
to death in New Jersey books. So it is cat
996
00:43:48.840 --> 00:43:51.760
and mouse, but I'm hearing there's more things to do,
997
00:43:52.679 --> 00:43:55.440
more places, so we'll see what it's like. And yeah,
998
00:43:55.599 --> 00:43:59.760
wager Wire great, great place to option here to buy
999
00:43:59.760 --> 00:44:02.639
out and get some make some money, guys, so make
1000
00:44:02.639 --> 00:44:03.480
sure you check them out.
1001
00:44:04.039 --> 00:44:05.440
I would say it's one of the great honors and
1002
00:44:05.480 --> 00:44:06.320
privileges of my life.
1003
00:44:06.360 --> 00:44:09.679
Dude, be here knowing these guys. We don't know anything.
1004
00:44:09.679 --> 00:44:11.039
We're here to learn, but I think we're on the
1005
00:44:11.039 --> 00:44:12.480
side of the better, just like you guys.
1006
00:44:12.599 --> 00:44:14.159
Yeah, can I ask you guys a question?
1007
00:44:14.280 --> 00:44:14.480
Yeah?
1008
00:44:14.519 --> 00:44:14.760
Question?
1009
00:44:15.159 --> 00:44:17.119
Okay, So sure, got as much time as you want here.
1010
00:44:17.360 --> 00:44:19.760
I don't blame you. It is what it is.
1011
00:44:21.239 --> 00:44:25.039
Count can't help calm ghead.
1012
00:44:25.320 --> 00:44:28.159
Okay, So you were at Superbook for a really long time, right,
1013
00:44:28.199 --> 00:44:30.960
and Westgate was like as luck to there, right, and
1014
00:44:31.000 --> 00:44:34.719
there's very few originators. Right of lines, we're at another one.
1015
00:44:35.119 --> 00:44:40.000
So Caesar's takes over Westgate. How does that change super Book?
1016
00:44:40.599 --> 00:44:43.079
And how does that and how did you end up here?
1017
00:44:43.159 --> 00:44:43.360
Now?
1018
00:44:43.559 --> 00:44:44.960
Well you have to ask them. I don't know how
1019
00:44:45.000 --> 00:44:47.639
it changes super Book. They have Kiosk there. I'm told
1020
00:44:48.000 --> 00:44:51.000
Caesar's just taking over the sports betting there.
1021
00:44:50.840 --> 00:44:53.320
So they just won't let you bet well, Caesars.
1022
00:44:53.119 --> 00:44:53.880
I'm not the bet sea.
1023
00:44:53.960 --> 00:44:55.119
You know, I can bet at the counter, I just
1024
00:44:55.119 --> 00:44:57.039
can't bet on the app. So I come, sure, I
1025
00:44:57.079 --> 00:44:58.280
can go in there and bet, but I just can't
1026
00:44:58.280 --> 00:45:00.079
bet on the app, which is more easy for me.
1027
00:45:01.239 --> 00:45:03.679
But I think the Super Contest is still a big
1028
00:45:03.719 --> 00:45:07.159
part of that, and they're but you know, they'll never
1029
00:45:07.199 --> 00:45:09.280
be as big as Circle with no Rake and you know,
1030
00:45:09.400 --> 00:45:10.239
the giant.
1031
00:45:11.599 --> 00:45:12.800
You know they have a survivor here.
1032
00:45:12.840 --> 00:45:14.920
It's like the biggest thing that shows on it is
1033
00:45:15.000 --> 00:45:19.360
media coverage. But I think that's why Caesar's bought super
1034
00:45:19.360 --> 00:45:22.400
Book for that super Contest, in my opinion, and eventually
1035
00:45:22.840 --> 00:45:25.599
probably wanted to go nationwide, just like Circle will have
1036
00:45:25.639 --> 00:45:27.800
to go. I have a question for Derek today about
1037
00:45:27.920 --> 00:45:32.639
maybe getting more of a broad Well, I shouldn't say
1038
00:45:32.679 --> 00:45:35.239
that it would have to be with all that sports
1039
00:45:35.239 --> 00:45:38.119
Book is though. I think Circus in a few different states,
1040
00:45:38.559 --> 00:45:41.360
so Caesar's it seems like they're everywhere. They didn't care
1041
00:45:41.360 --> 00:45:44.519
about losing money, they cared about branding, so they're everywhere.
1042
00:45:44.840 --> 00:45:46.840
Circus in three or four states.
1043
00:45:46.760 --> 00:45:50.800
And eventually I think they'll have a crossover of their
1044
00:45:50.800 --> 00:45:54.159
traffic to get into these contests may get giant, so
1045
00:45:54.400 --> 00:45:55.840
we'll see what we'll see what's gonna happen.
1046
00:45:56.840 --> 00:45:58.639
And no matter what state you're in, whether it's super
1047
00:45:58.679 --> 00:46:00.800
book or circa, and you have a vibor entry, you
1048
00:46:00.800 --> 00:46:02.559
can sell it on wager Wire will help you price sat.
1049
00:46:02.679 --> 00:46:05.519
There you go. You guys have legal one every state. Yeah, yeah, okay, good,
1050
00:46:05.920 --> 00:46:07.920
there you go. You learn something new every day. All right,
1051
00:46:07.960 --> 00:46:09.320
now you get done.
1052
00:46:11.760 --> 00:46:14.920
Whoa, whoa, Hey, we're going to lunch lady though, right,
1053
00:46:14.960 --> 00:46:16.559
all right, all right, a good deal