Doomed to Fail - Ep 225: Gambling Away Millions - Terrance Watanabe

Episode Date: November 17, 2025

What would you do if you had millions and millions of dollars? Terrance Watanabe managed to gamble away the most money in history - he came from the family that invented the catalogue 'Oriental Tradin...g'. If you were a kid in the 90s, you know what we're talking about! Learn about the dangers of gambling - including all the stuff you can do on your phone these days!  Join our Founders Club on Patreon to get ad-free episodes for life! patreon.com/DoomedtoFailPodWe would love to hear from you! Please follow along! Instagram: https://www.instagram.com/doomedtofailpod/  Facebook: https://www.facebook.com/doomedtofailpod  Youtube:  https://www.youtube.com/@doomedtofailpod TikTok: https://www.tiktok.com/@doomed.to.fail.pod Email: doomedtofailpod@gmail.com 

Transcript
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Starting point is 00:00:00 In a matter of the people of the state of California versus Hortonthal James Simpson, case number B.A.019. And so, my fellow Americans, ask not what your country can do for you. Ask what you can do for your country. Boom, Taylor, we are back. Welcome. Welcome to your own show. Thank you. I'm good.
Starting point is 00:00:25 I was actually, I don't know, did I tell you already that today is Christmas tree day in my house? Really? Yeah, I'm ready. I am done with it not being Christmas. So I've putting up the tree after this, but I've been putting up ornaments and stuff all day long. Like, I've been making decorations, like paper decorations, and I've been, I like tie ornaments to ribbons,
Starting point is 00:00:46 and I pin them to the ceiling, and I've been just doing all of that and I got the stockings out. Yeah, I'm ready. So there's one, are you, you're still celebrating Thanksgiving or? Yeah, of course. Okay. Are you all doing anything? we are hosting here for Juan's parents and then we invited some friends too
Starting point is 00:01:04 I don't mind it's easy don't tell my mom but like it's not that hard it isn't it's my mom thinks it's the hardest thing in the whole entire world and I'm like it really isn't like I don't know it's not that hard no yeah cooking a turkey is not that challenging yeah and like all the sides to see like four seconds and they're easy and like yeah it's one of the better holidays because you can literally just mostly enjoy family time and not to worry about presents and you don't have to do anything stupid like if you find that you're baking bread to make stuffing just like stop and say no stofor stuffing is amazing so good stove top yeah stove top sofer's softop yeah whatever you take the box of stuffing
Starting point is 00:01:46 if you want to get fancy which i sometimes do i'll saute an onion and um and celery and carrots and then add it to it but just put water in it it's delicious a can of cranberries i made my own cranberry sauce one time it was fine can of cranberry all was good yeah we've figured out how to industrialize this thing enough to where we don't have to kill ourselves yeah i do like a nice homemade mac and cheese where you can like scorch the cheese on top and then put some little crusties on it i did i did we have i made like craft creamy mac and cheese the other day and had extras and i just so i put it in a pan and i added feta and mushrooms and my husband's dad was like this is like a new York Times best stuff recipe. This is so good.
Starting point is 00:02:27 That does sound pretty good, actually. I don't know Feta mixing that well, but it does sound pretty good. It made it to all make it again for Thanksgiving. I mean, it's a box. She's going to add and feta and it's delicious. Maybe you had some jalapenos and see how that turns out. Ooh. But still not that hard.
Starting point is 00:02:42 Not that hard. Yeah. It's fun. You can get creative with this stuff. Yeah. It's fun. What are you doing for Thanksgiving? So I'm going to go back to Dallas. I'm basically going to be in Dallas for like 10 days when I go back for Thanksgiving. conference at the beginning of December and I got my parents tickets to Andre Bechelli. Andre Bechelli's gonna
Starting point is 00:03:01 be playing in Dallas. Yeah, I thought it would be fun. He's at that age where I'm like, uh, we should probably do this. I saw Tony Bennett one time and it was insane. I was like, this man is so good. It's crazy. I'm sure. Was he older? Like, I mean, I'm sure. It was like, been old forever, but yeah. Exactly.
Starting point is 00:03:17 Yeah, but I was like, glad I saw him before he died. Um, cool. That sounds fun. I'm going to see O'Mary in New York. I don't know who that it's a play um and it's gonna be great i'm very excited um cool wait i didn't introduce us yeah no introduce us hello welcome to doomed to fail we bring you historical disasters in failures and i'm taylor joined by farz and today we'll hear from farz today it's november it is november um i'm gonna talk a little bit about something that is in the news
Starting point is 00:03:50 and it has to do with gambling and sports betting and all that um So I'm going to start with a little bit of a soliloquy because I'm pretty sure that you and I are like on very different algorithms on social media. I listen to a lot of like Manosphere content and as a result I get advertised online gambling constantly. Do you really? I literally never have. Constantly. My whole algorithm is AI videos of characters from romantic romantic see books. Slightly different algorithms like just off by like a very slight margin.
Starting point is 00:04:25 I don't know. I'd love to hear from, like, other listeners. Like, do y'all also get advertised sports betting all the time? Because it is, it is constant pressure. Also, now, when you watch sports, like, ESPN, or if you watch, like, actual, like, broadcast. I have seen commercials for it. Well, no, those commercials for it, but they'll also tell you what the line is on certain gambling things in the middle of the game. they're in the middle of like whatever sporting event you're watching like it's gotten to that level
Starting point is 00:04:58 um of prevalence and i think it's bad and we that feels like it should be illegal yeah we i think it will be probably in like 20 years we're going to look back and realize what a horrible decision this was but like i do think it's bad like i listen to like a lot of like financial shows too just to yeah it's just entertaining and so many people call in being like yeah i'm married with like four kids and I make $70,000 a year and I just lost $5,000 on the Jets game. Like, you know, it's like stuff like that. It's like, oh, man, like people are going down
Starting point is 00:05:32 the really bad wormholes with this thing. So I end up like, I'm going to do a story about that, but I pull a bunch of stats here that kind of illustrate this point. Also, we all know that it's going on because Chauncey Billups was just arrested for like fake poker games. I don't know who it is. You haven't heard about this story? Uh-uh.
Starting point is 00:05:52 Okay. so a bunch of like former NBA players and Johnson Billups as a current NBA coach had been arrested because what they were doing in collaboration with like the mafia was they were hosting these like underground card games
Starting point is 00:06:06 where they'd have these NBA players kind of like celebrities who were there and just get people in, welcome for all their worth and then they would just split the profits. So they got arrested. They did a bunch of arrests on the NBA side there. But I just heard as of like a couple
Starting point is 00:06:22 days ago that the UFC also noticed like some insane line movement with a specific fight and the kid in the fight just immediately tapped down the first like round and then try I mean it was supposed to be the first round or whatever yeah and so and then they called the FBI and so now the FBI is investigating a bunch of UFC fights like are people showing up and approaching you for like cash payouts if you like toss or throw it whatever it's called I don't gamble is it throw I think it's throw but it's
Starting point is 00:06:54 I'm sure it's been happening forever I feel like you think it isn't happening anymore but I'm sure it's happened since the beginning of sports yeah yeah I'm sure it is it happened with that one NBA referee where it was caught that he was betting on games that he was refereeing a while ago
Starting point is 00:07:12 but that's kind of like where we're headed I got some stats here that I wanted to read out because I'm not just being like an old man a rocking chair right now so in by in 2020 or sorry in 2018 there were some Supreme court case that went up about like gambling and who was allowed to do it what states were allowed to do it it basically made it so that a lot of states had referendums on their ballots to allow gambling or not 38 states of 2018 plus washington dc have some form of legal gambling in them and as of
Starting point is 00:07:45 24, 94% of betting on sports is all done online. Some interesting stats here was that one in five Americans now place a bet on sports every year, with the average wager in a year being around $3,300. All of that directly corresponds to increased credit card debt on a per capita basis and reduced savings. So for every dollar, Investpedia looked at this up, for every dollar that a person gambles, reduced our savings by $2. So we're like ending in this situation where people were ramping up credit card debt,
Starting point is 00:08:21 not having savings. It's a bad. It's bad thing. You can you imagine how dire your situation was to be where a 27% interest rate seems like a good, it's crazy. I know people, because I'm from Las Vegas. I know people who were addicted to slots and had to get help. Yeah.
Starting point is 00:08:40 You know, like they just like couldn't stop doing it. And I know people who like won a bunch and then. didn't win much after that you know because it's just like a whole thing so my friend Jason and his wife they have the same numbers in Keno which is like Keno is like the lottery every five minutes in
Starting point is 00:08:56 and you can play it at a bar and they play the same like five numbers every time and they always win and it's wild to watch it happen what is Kino what do you do because it's just a lottery you just you just pick numbers and then they'll if your numbers are picked you win dude the gas station down the street from my house
Starting point is 00:09:12 they have Kino machines it's like do they really? Yeah weird it's just like out of 100 pick five numbers and if you get them you get them but they have you know like every restaurant in Las Vegas so my friends play it and they always win and it's wild I don't know your experience in Vegas must be different when I go to this gas station and I go inside the store like the people there are gambling don't they're not driving Bentley's there like oh no no it's not good yeah there's that's interesting that you have them there because in Vegas like yeah there's there are slot machines at the grocery store but if you're playing
Starting point is 00:09:44 saw machines at the grocery store. That's bad. That's bad. He's yuckier yum, but like, you should call a friend. Yeah, well, one thing was that I looked up was that online gambling is now
Starting point is 00:09:56 becoming a problem with teenagers. Yes. And this is an NIH study and they gave a pretty wide range here saying that I have no way, I have no way to read this, but the fact that they're actually acknowledging that there's a problem here
Starting point is 00:10:11 says something, but they peg the range somewhere between 1 and 57% of adolescents showing signs of problematic online gambling dependency. And I don't know what that looks like in the future for them. Like it sounds like you're just setting yourself up for a really, really hard life.
Starting point is 00:10:28 But all of that to say, I have certain opinions when it comes to this topic. And again, I know I sound like an old man. But I want to tell a story about a guy named Terence Watanbi. Do you know that name? Nope. Wait, no. Is he the guy? the um the guy's translator
Starting point is 00:10:47 otani's translator no oh oh you're trying the dodgers guy no no that was another one that was because that guy was gambling with all the money yeah he was basically not depositing the cash or putting his own account or so yeah another example yeah yeah this is a different one um so i want to tell this guy's story because it's absolutely fascinating it is the story of the single biggest loser in gambling history and I want to start
Starting point is 00:11:16 out by talk about his dad because his dad is the reason why Terence had the financial resources to ultimately make the mistakes in life that he did that would make him famous in a not so great way we'll start with his dad a guy named Harry Watanbi
Starting point is 00:11:32 who was born in Hiroshima interestingly enough and immigrate to the U.S. in the early 1900s he would settle in Omaha, Nebraska. In 1932, he opened a small trading outposts that was called Oriental Trading Company. No way.
Starting point is 00:11:50 Do you know them? The Oriental Trading Company, yes. I've never heard of that brand. It's like you can get, I don't know if it's, I mean, it's like a catalog, I'm sure there's a website now, but it was a catalog you got in the 90s and it had like party shit in it. So you'd be like, oh, I want to have a party that's like Lion King, like Florence always does. And you can buy 700,000 Lion King's plate for like plates for like four dollars. that's crazy i didn't know it's just like junk it's like do i need to stuff stockings do i need junk um gift bags do i just need like bulk junk oriental trainee it's like team you kind of but it's
Starting point is 00:12:24 like bulk junk it's not like you know at least that's what it was like in the 90s interesting yeah i never heard of this brand um that's really cool that you know it actually i'm gonna i'm gonna probably buy some crap oh 50% off oh my god look at this crap you can buy And $10 off and free shipping and you can get all this Christmas candy. You can get like $10,000. This is not an ad for a real insult trading company. I'm sure there's nothing like, it's not like ethically made. This is not an ad.
Starting point is 00:12:54 For $99, I can get 144 Santa Claus and Rainbow Snowman vinyl bendables. For $9, you can get 12 kits to make wreaths. I can just keep reading you stuff. You can have a Grinch party. Grinch party supply is starting at 299. They had a Halloween supply section, and I was, my first thought was, is this where Spirit goes to get all their Halloween stuff? It actually very much could be. It could be.
Starting point is 00:13:20 Yeah, it does look like it. Well, you can thank Harry, well, you can thank Harry and Terrence for this. I'll tell you why Terrence is relevant to your part of what you just said. But Harry started this thing out in Omaha as like just like selling novelty crap. That's good. Then that's the right one. It's a starting point. So he would,
Starting point is 00:13:44 Harry would expand the business from this like little general store outposts to being a wholesale vendor of carnivals of all things by the 1950s. He would go on to marry this other Japanese immigrant woman named Fern and they had three children. Terrence was the first born who's the subject of today's story. Then Pamela and Gordon.
Starting point is 00:14:07 And the whole family worked for Oriental trading. like the mom was the secretary the kids worked in the in the fact not the factory but the um the warehouse so they all were kind of embedded within the business in 1977 harry stepped down from the day-to-day operations and left running the business to terence um as a firstborn son that was kind of what you did uh and he took over at only 20 years old but he'd been in the business this whole life he literally just only knew the business so i guess at 20 he was able to do it. And he started implementing his own business strategies and he grew the hell out of
Starting point is 00:14:46 this business. Like he did phenomenally well with it. He expanded the market beyond just carnivals to nonprofits, to schools, to churches, individuals, as Taylor just indicated, also had interest in buying at that point.
Starting point is 00:15:01 There are like 7,000 options if you just want to have a party that's themed National Lampoons Christmas vacation party. It's bless. they're still doing great they're still doing great yeah but Terrence was the one that basically expanded their geography
Starting point is 00:15:18 because he developed the catalog model that you just called out a thousand percent that's what you'll remember is the catalog yeah yeah so so he did that so people could do mail order COBs and things like that or CODs
Starting point is 00:15:30 CODs and I couldn't actually find a lot of publicly available information on Oriental trading company in terms of like the business processes or growth or anything. But what I could find is that some some state filings showed that for some projects that they had undertaken that required filing with the state, they had hired about 150 people in the late 80s to early 90s. And then for another project in the 90s, they hired another 600 or so
Starting point is 00:16:03 people. It was estimated their annual revenues by the late 90s in the 100 million dollar range. So he, like, grew this thing. Like, it became a real, like, substantial business. Like, that seems like, I don't even know what that is by today's thing. It's probably, like, $500 million in revenue on an annual basis. In 2000, Terence sells the Oriental trading company to a private equity firm. And, again, the terms were not disclosed. So I did some estimating.
Starting point is 00:16:28 I did some digging. I know that in 2006, a private equity firm, that private equity firm sold the business to Carlaw Group for $1 billion. So given averages of mold. multipliers of private equity will decide to liquidate for, it's assumed that they paid about $300 to $400 million for the business. So, you know what? I misread that. It's assumed they paid $500 million for the business and Terrence personally netted $300 to $400
Starting point is 00:16:54 million. That's the assumption. Oh, wow. Yeah. He made out good. And he was already rich. At that point, he ran the business for 20 years before he liquidated it. So he was, he already probably had a couple hundred million on his.
Starting point is 00:17:08 account. So he was in that Uber wealthy status. So it's now the early 2000s. Terrence has liquidated his business and he is just flush with cash. His original goal was just to get into philanthropy. He, again, the data on this is kind of scant. We know that he donated millions of dollars to AIDS service nonprofits. We know that he donated roughly half million dollars to the DNC. We know that he was very involved with LGBTQ nonprofits. And he was just a, he was a giver. Like, he was very generous and a lot of people that knew him throughout his life would tell you that he was an incredibly generous person, which some of the stories I'm going to tell you here later on will show. After a few years of being, just being a philanthropist, he started visiting Council Bluffs, Iowa, which was homes to a Harrah's casino.
Starting point is 00:17:59 And I looked it up. It's a six minute drive from Omaha, Nebraska to this part of Iowa. Oh, did they have like super different laws? Yes. Yes. This is when you had to go out of state. So he realized that he loves gambling. He'd eventually start making trips to Vegas, betting big money until some of the major
Starting point is 00:18:17 casinos like Caesars and Rio started offering him perks to keep him on premises. So they would give him, they would comp him, three bedroom villas, private planes, VIP show tickets. He got $500,000 in store credit at these casinos to use their gift shop. What are you buying at a casino gift shop, rap? million dollars. That is a lot of crap and like maybe some booze. I don't know. That's a lot of crap for sure. He would, he just sort of binge gambling at this point. So he was playing slot machines. He was betting $50,000 a hand, single hands on blackjack. It's wild. I can't, I can't do any
Starting point is 00:18:58 of it. I don't know if you gamble, but being from Las Vegas, I can do absolutely nothing because they get nervous and I hate it and I hate losing money. I don't have any money. Yeah, no, I did. One time I went to Vegas when we were living in LA and I played blackjack. I found the cheapest one of the win I could play and it was like $50 a hand. And I sat there for maybe 17 seconds and just gave my $50 and left. Out. Out. Okay. So this is where the generosity thing happens. And it also shows like how totally out of control this guy was. There's one server who reported that he flipped her a $50,000 chip as a tip for serving drinks.
Starting point is 00:19:39 It's like insane money being thrown around here. There's estimates that he was spending somewhere to the tune of $5 million a day on gambling. Wow. In 2007, it was estimated... And that's like net losses. So it's not all losses. Because I'm going to describe why it's not here in a second.
Starting point is 00:20:03 In 2007, it was estimated that just his gambling activities alone contributed nearly 6% of Hera's overall gambling revenue for the year. Can you imagine how much money must be going through? Like, it's, it's, it's considerable. I definitely wouldn't, um, I guess I'd give that guy credit to the gift shop. So what, one thing to the credit of Steve Wynn, which is a term I'll rarely ever use my lifetime. for he he did see what was going on with this guy and he banned him from the win properties because he was like you are not this is not happy gambling you are something bad's happening yeah yeah yeah so in 2007 it was estimated that he had gambled eight hundred and twenty five million dollars and had the single year biggest loss ever recorded in human history of two hundred and four million dollars. All of that hair Haras are like all over
Starting point is 00:21:07 So it was at that point It was mostly Haras, Rio and Caesars Because he was banned from Wynn And some of the other properties But he's going to Las Vegas now He's going to Vegas now yeah There's a Harris in Vegas as well
Starting point is 00:21:22 Actually I think Harris owns Rio So I think they're all kind of a part of one property Some things Some things that were like clear to the people that witnessed this was that he was just like he was on drugs he was on pills he was drinking constantly like he was he'd like gone from this like buttoned up CEO to just like I mean not to denigrate the guy more than he already has been but just like a degenerate at this point um and yeah like I said like it got to the point where some casinos namely the wind just
Starting point is 00:21:55 outright abandoned because they're like this guy is entirely being driven by addiction and not at all by like having a good time and enjoying himself here um the Nevada gaming commission would eventually, uh, fine Caesar's $225,000 for allowing him to gamble the way that he was given how obviously predatory it was. And because there were claims that they, they were applying him with booze and stuff. That's what they do. That's what they do. Yeah. Yeah. Yeah. Like seeing him lose like, yep, we're going to keep, keep floating this guy. Keep giving him markers and all that. Um, would eventually get sued several times by these casinos for unpaid markers that they gave him. There was one case where he ended up shelling out $114 million for just credit that was given
Starting point is 00:22:47 to him to continue gambling. And then he held back a $14 million worth of payments and they sued him for the $14 million. Then this went to court. It was settled. But that was where it came to light that there was a lot of weird shady stuff going on with like how they were getting this money out of this guy. Yeah. So by the end of 2011 7, he blown through everything. His 500 million plus dollar fortune was totally gone. Like I said, again, he bet it $824 million.
Starting point is 00:23:19 He lost $500 million, which means that he probably won $300 million. These numbers are so crazy to me just saying them. It's like, what an insane sum of money to just blow through. And he ultimately in 2012 and 7 would confess, his siblings, like what he'd been doing. It was pretty obvious to that point because he was liquidating everything. His homes were being liquidated. His private planes and cars and all that were being liquidated
Starting point is 00:23:42 to kind of fund this addiction. And they've kind of surrounded him and forced him into rehab, which he ended up going to. It's said that from the day he wanted to rehab to today, he has not been inside a casino or gambled. So that part of it is good, I guess.
Starting point is 00:24:00 Yeah. He would ultimately relocate to San to start a new life and unfortunately he got hit with prostate cancer um and he's still alive today um and he had to start to go fund me to raise a hundred thousand dollars he needed for surgery i hate that hate it for like a thousand reasons yeah and now he literally just lives off social security apparently that's his only source of income wow so um and uh in 2022 the rights to story were purchased by a film studio so there's a pretty good chance there's going to be like a story documentary narrative movie i don't know what it's going to be exactly but there is a good chance of stories being made about his life because um it's pretty incredible i actually in the
Starting point is 00:24:46 process of researching this came across several other people that also had this issue there was one guy where he walked into a casino with 50 bucks and over the course of like a couple of months turned into like 40 million dollars and lost it all before the end of the year. It's like, it sounds like when you get hooked by this thing, it's pretty bad. You're like, oh, for you, if you are just, like, stopped, you know? Yeah.
Starting point is 00:25:11 Like, what do I know? Yeah, I learned my lesson. That one time I played Blackjack. I was like, you know what? I don't need to do this. I have done it. I have gambled besides that. I do, I'll do, like, slots, but I'll, like, walk in, like, 20 bucks and just sit and do, like, whatever. I'm just going to lose 20 bucks and see some fun lights flash in front of me. But you're going to lose 20 bucks. Yeah, exactly.
Starting point is 00:25:28 Immediately. Yeah. So that's the story of Terrence Watanbi and hopefully a cautionary child. Also, one that I doubt will ever happen again because if you're that successful, I doubt you don't understand the risks of gambling. I mean, the guy was worth nearly half, or was worth half a billion dollars when it's all started. And that was like in 2000. Like he was probably one of the richest men in the world at that point.
Starting point is 00:25:58 Wild. Oh, and then Birch, Hart Hathaway eventually bought Oriental trading company and bought a bunch of others and consulted them on the same brand and turned into a powerhouse that I did not know about until I researched this guy's name, even though Taylor is very well acquainted. Yeah, just, you know, it's exactly what you explained it. It's just a bunch of junk, but you can make a lot of money if you're selling junk. Yeah, he did good for himself until he didn't.
Starting point is 00:26:27 But yeah, he's 68 years old now. It's crazy because I realize it's like, okay. So he basically for 15 years had no money and he could finally claim Social Security like three years ago. Wow. Yeah. All that stupid junk that he bought was like that $500,000. You know what I mean? Yeah.
Starting point is 00:26:50 What a least. Yeah. So just don't gamble. Like, I don't know. I don't know. It doesn't appeal to me because I don't, it makes me nervous. the sports betting stuff really weirds me out because it's like we're going to hear so much more
Starting point is 00:27:05 I bet about this happening because if you think about it like if you're like it's about in the context like the UFC because that's the one that came out recently but like those guys get paid 12 to show 12 to win usually at the undercard and if someone shows up at your door and like yeah you want to make like
Starting point is 00:27:21 $300,000 tomorrow just like throw it in the first round like yeah I don't know that you're talking to you're talking to like a 20 year old kid with brain damage like like does it seem that far-fetched no and like you're not going to in other jobs you can't do for very long you know so some people are probably like how do I figure out my future yeah yeah so any of you that was my story kind of a shorty but hopefully interesting and hopefully a movie will come out my main thought here Taylor was they're probably going to release a movie on him in
Starting point is 00:27:56 the next like year or two and then we can release this podcast and say look we were ahead of the story. Perfect. Let's definitely do that. We'll get a huge bump. Awesome. Well, thank you. I mean, yeah, it's spoils. Yeah. I don't know. Don't gamble. And if your kids, yeah, just don't let your kids get into this. Yeah. There's a lot more stats too. I didn't even read off. Like, it was, it was like,
Starting point is 00:28:24 what was this one? Yeah, it was, it was the percentage of lower income houses. being the ones that do this the most frequently. So the ones who need the money, the most of the most likely to end up in this horrible cycle. Yeah, because you're like, oh, just like a little more, a little more. Yeah, it came out to $72 billion was lost by Americans to gambling or sports betting in 2024.
Starting point is 00:28:50 Wow. So that's really, that's literally just like that much money in people's savings accounts or to their credit card balance just went away. right in a year actually i remember i was going to say my brother worked at the sports book at a sports book in los vegas for many many years and he was like yeah the people are terrible people who are gambling are always really stressed out and like you know trying to figure it out because you just sit there in like a like a lounge chair and when you watch 300 TVs and you just
Starting point is 00:29:18 kind of gamble on everything but we did it a couple times we did it one year on the super bowl and it was like will the super bowl go into overtime and won bet yes and like the thing and then it did and it was also the first time in history it ever happened but he only won like four dollars and i was like how good you not have one more money than that because it's never happened before and it happened and then another time it was a kentucky derby and it was a kentucky derby i think i think it was that race that precincts with the other one but where the initial result was wrong and they had like redo it like re look at the like look at the tape and then they gave it to a different horse but my mom and juan had bet on had bet on the horse that won first
Starting point is 00:29:59 And we were like by the pool and they were screaming and hugging like they had won the fucking million dollar lottery. They each sort of won like $300 and they were so excited and we were so excited for them. And then like, again, for the first time in history, they like redid the results and they didn't win anything. That sucks. But they had the high for a second and they were so excited. Yeah, I would imagine it is it has to be pretty exciting. I mean, if you do it for fun, okay, it just sounds like like it's so dangerous doing it for fun that you can end up like sunk all the way into it. Yeah, when I was in Miami, I went to, this is crazy.
Starting point is 00:30:34 Do you remember the movie Black Mass with Johnny Depp? No. It was the one where he plays Whitey Bulger. Oh, yeah, sure. Okay. So this is like, I don't know, 15, 16 years ago, but I was in law school in Miami and my roommate wanted to go see a High Lie game. Do you even know what High Lie is?
Starting point is 00:30:59 it's it's those guys who they're dressed like jockeys but they have these like rackets but the rackets like curved to the top like these really tall curved rackets you slam the ball against the wall it looks like racquetball sort of um and i was like i'll go with you i don't know i've never seen this before so i go to this we go to this high lie place it's like an enclosed building in the middle of nowhere miami it i felt the hairs on the back of my i i felt the hairs on the back of my neck just stand up being in this neighborhood I have never seen this before it's so weird when you say highlight it's J-A-I yes a L-A-I yes it's very weirdly spelled I've literally never ever seen it before let's yeah
Starting point is 00:31:43 we go there and it's at night it like starts at like 10 p.m. and goes to like 5 a.m. or something like what kind of sporting thing is this like I thought I was going to a competition you go in there it's dark it's dingy has been updated in like 70 years
Starting point is 00:32:01 you're watching these people play and you're watching the people there and you feel like what I would imagine like a 1970s porn theater was like it's just always been when you feel like you're it's just gross it's dingy
Starting point is 00:32:15 and there's all these torn up tickets on the ground and like these people aren't here are betting this is a gambling sightly they're gambling on this thing anyways I had no idea what I was watching I watched Black Mass and in Black Mass highlight games
Starting point is 00:32:29 gambling became like a huge thing in like the 70s in Miami and it was being fixed by the Irish mafia in Boston and that's why all this like weird underground like stuff ended up happening why it became this like kind of seedy operation and that was like a huge plot point in black mass and I realized where I was watching it I realized that it was really depressing I never want to go back so that was the whole story I just I can't I just they have like lacrosse kind of like little nets that catch the ball and the thing you're right there just like jockeys so weird it's really weird i mean whatever so different interesting not something i've ever seen before yeah it's it's it's it's it's it has to be something in like from a south american country
Starting point is 00:33:13 given the feather it's from spain it is okay okay well not quite but so yeah um yeah same story with going to like horse races like i've been to the horse track and outside of what is a pasadena or something i don't know where yeah i've been there too and even that you're like walking around like these people were kind of sad i don't want to be here yeah i mean like yeah it's like yeah yeah so anyways if you have a fun sports betting story tell us yeah tell us hopefully tell me more you won something and then we'll change our minds and start gambling should we start gambling oh wait i don't no no that you mentioned it let's start gambling on high life like we're in like jail in a year
Starting point is 00:33:59 I'm like, oh, no. Fixing Highline, Miami had a CD. Anywho, that's my story. Do we have anything to read out? I do. I have one thing from me. Oh, special guest writer. Special guest me, writing in.
Starting point is 00:34:17 So, I read that book Sybil, when I talked about Sybil. In the book Civil, one of the personalities was reading a book, called The Tortoise and the Hair. So I bought that book, and I'm reading that right now because it was kind of fun to, like, read a book that someone's reading in a book because it, like, really happened. It's right matter. So it's like, you know, whatever it's about doesn't matter. So there's a part in it where these two people, Paul and Imogen, are looking at these books for times that they mentioned like tuberculosis. It's based in the 1950s.
Starting point is 00:34:53 And they're looking at these books that go back to the 1860s that Imogen happens to have in her house. and she like she finds something and Paul's excited and he's like wait can you find out the date of like this this this
Starting point is 00:35:05 from like the early 1700s on and he looks at her and she looks at him and she goes there is nowhere in this house I could find that information
Starting point is 00:35:13 and I just like laughed out loud because wouldn't that feel nice if you just like didn't have all the information in the whole world at your fingertips you could just be like I don't know I'm not going to be able to find out
Starting point is 00:35:24 to be able to be oblivious what a luxury that used to be It's not even like something important. Like whatever. You're just like, you know what? I don't need to know every goddamn fun fact at the moment I need to know it. I could just be like, I don't know. There's nowhere I could find that.
Starting point is 00:35:37 I thought that was fun. Yeah. Yeah. I wonder what the future we're looking at looks like for like teaching people. Because it's like how do even teach people when they have everything in the world available to them immediately all the time? It's very strange. I don't know.
Starting point is 00:35:53 I don't know. A bygone era. Taylor was a bygone era. yeah cool that's it well thank you thank you for your story thank you everyone for listening tell your friends write to us at dunefell pod at gmail.com find us on the social at duneafel pod and again tell your friends yeah thank you sweet and cut things off and

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