The Right Time with Bomani Jones - Bill Belichick snubbed from Hall of Fame + Danny Funt on Sports Gambling's rise | 01.28

Episode Date: January 28, 2026

In this episode, Bomani Jones reacts to the news that Bill Belichick will not be a first ballot Hall of Famer, and what does and does not bother him about that decision. Later in this conversation, Bo...mani Jones interviews Danny Funt, author of 'Everybody Loses: The Tumultuous Rise of American Sports Gambling.' They discuss the evolution of sports gambling in America, its impact on various stakeholders including leagues, players, and fans, and the challenges of responsible gaming in the era of the smartphone. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript
Discussion (0)
Starting point is 00:00:05 Ladies and gentlemen, welcome to the right time, A Wave Original. My name is Beaumani Jones. Thanks for listening wherever you get your podcast. Thanks for watching us on YouTube. Subscribe, like, rate us, review us, give us five stars. You only give us four stars. I'm inclined to believe you are a hater. We have an interview with Danny Funt, the author of Everybody Loses a great book
Starting point is 00:00:24 on how gambling has infiltrated sports. We'll get to that in a second. We recorded that a little while ago. In the meantime, tween time, Bill Belichick is not. We found out that he not going to be a. a first ballot Hall of Famer. And I have to say, I am shot that somehow Bill Belichick has become a unifying figure, something that I did not think was possible, but him not being a first ballot Hall of Famer,
Starting point is 00:00:50 that brought everybody together. Now, look, I know one thing that brings people together very easily and that everybody loves, especially on the internet, is the ability to say that other people are stupid. all right that that that that that that that that that brings the tent all there is we get to say somebody else is stupid because quite honestly some of y'all rarely have the right to talk like that you got to jump on your goddamn opportunity to do that like i see on occasion that people say they feel like i talk about people being stupid all the time no you just already know it about your goddamn self and i give you a little whiff of it all right it's not just that
Starting point is 00:01:31 people are stupid. It's that the media is stupid. The media is stupid except, except, oh, no, no, no, no, no, no. Don't you bring that shit over here? Not this time, okay? Now, I'm going to give you a handle on what I, I mean, it's not what I think is going on. It seems to me to be very clear what is going on. And I say it seems pretty clear what's going on because Bill Polion gave the game away, right? Now, we had a report that Bill, Pollian, former general manager of the Buffalo Bills, but as you don't know, the bills that went to the Super Bowl four times in a row, Polian built those teams. The better than expected, faster than expected Carolina Panthers, that made it to the NFC championship in their second year of existence,
Starting point is 00:02:17 Polian built that team, and then the Peyton Manning era, Indianapolis Colts. That's Bill Pollan. As a result, Bill Pollyan is in the Hall of Fame. Bill Pollyan is also a Hall of Fame voter who has some sway in that room. Now, Ryan, I can't remember who reported this, but the word got out in the streets that Polion said that they should make Belichick wait for a year because of spy game. Yeah, this is from Don Vanetta and Seth Wickersham. And if they're reporting it, I take that as fact. Right.
Starting point is 00:02:50 Now, I will say this right fast. And this, I think, is a very important point to make. your thought on this. I don't think it's that ridiculous if they made the decision that SpyGate is worth not being a First Battle of Hall of Fame. Now, what's happened with First Ballard Hall of Fame
Starting point is 00:03:07 stuff is it allows us to offer gradations of what kind of Hall of Fame there is because there really is just Hall of Fame, not Hall of Fame, right? But we got to talk about stuff on the air. You understand what I'm saying? We got TV shows and podcast to fill out. So we got to find another topic of discussion or another way to level off people's
Starting point is 00:03:29 greatness. And so the way that we then do that is what ballot Hall of Famer were you? Okay. Now, with the gold standard being unanimous. Right. And I don't know how often, how many guys. Like, I'm thinking historically about baseball Hall of Famers. Howard Bryan and I talked about this in our interview by Jackie Robinson. Jackie Robinson was at first ballot Hall of Famer with 76% of the vote and he retired as the consensus greatest second basement of all time, right? For reference, you have to get 75% of the ballot to be. So he barely made the cut. Yes. And so we're just getting these guys like what Rivera was a unanimous Hall of Famer. Like through the history of baseball, it was all kinds of guys that were like, yeah, not yet.
Starting point is 00:04:10 Okay. Like people just decide to do that for whatever reason. Now, what makes the football ballot interesting is that it's a lot harder to get in on any particular ballot because there's some limits in terms of how many people can get in. 22 guys play on a field at a given point in time. You know, it's a lot of stuff that goes into getting in. And almost harder for coaches than players. Yeah, yeah, yeah. Oh, it's easily more difficult because the coaches wind up on this shorter ballot.
Starting point is 00:04:38 There are very few coaches, ultimately, who wind up in the Hall of Fame. That's why in basketball, when people are like, well, Eric Sproes is a Hall of Fame coach, I think he may have eventually gotten there, but I was like, guys, I need you to go look at who does or doesn't get in as a Hall of Fame coach. it's really fucking hard in order to pull it off, right? It's the same thing with football, but just generally speaking, it's like five guys get in, you got like a senior committee, you got all these different things that go on,
Starting point is 00:05:03 that if you get in as a first ballot hall of famer, not being a first ballot hall of famer is not nearly the insult that being a first ballot hall of famer is a credit to you. And the truth is, those guys were engaged in a fairly intricate scheme of cheating. right in baseball these guys got caught over there cheating they're not letting them in at all the best baseball player since world war two he ain't getting in right in the name of cheating now that's a little different because it was broad and it was rampant and it becomes difficult like you're basically ignoring an entire era of history but all i'm saying is we have a track record
Starting point is 00:05:44 of kind of putting the brakes on people if they if the belief is that they engage in some dishonorable activity. Okay. Belichick clearly did. And by the way, not only did Belichick engage in this dishonorable activity, he turned into a real jerk afterward. If you watched that Patriots documentary series, the 10-part joint that Bob Kraft did, put a pin in that, by the way, if you watch that, the clear change.
Starting point is 00:06:13 And when Belichick became like, we're on to Cincinnati guy, was after SpyGate. before that he behaved like a human being, not like he was raised by wolves and dealing with media and everything else. It was after that that he stopped. It turned into the guy that we all now talk about and that we all now see, right? So put together the fact that he got caught in some shenanigans and then he started behaving poorly toward a group of people
Starting point is 00:06:39 that make up the majority of the voters. Yeah, maybe they make them wait a year. He's going to get into the Hall of Fame, right? this isn't a one or nothing sort of situation. So for that reason, I find myself being a little more surprised that he's not a first battle hall of famer than I am bothered or then I am offended by the idea that he did not get it, right? Now, the problem is what I don't like because of how I was raised, because of where I'm
Starting point is 00:07:09 from, because of what I'm about, because of what I stand for is messy, petty, suckers. That's what I don't like. That's what I don't stand for. And it is very clear to me that Bill Polion is the messy, petty sucker that is the ringleader behind this. And that it just seems like hateeration and holleration run rampant in that dancerie. And that's why we hear and that I cannot abide by it. And you're like, well, gee, Beaumani, how do you feel so confident saying this? So Ryan, as you said, said Fukashab and Don Baddata reported that Bill Pollian apparently said because of Spygate,
Starting point is 00:07:53 let's make him wait for a year. Okay. And Polion really carries weight in that rule. All right. Don then talked to Polion. Polion says one that he did not do that. Polion had also said that he voted for Belichick. But then Polian also told Don,
Starting point is 00:08:17 Ben Atenado, that he doesn't remember if he voted for Belichick, but he knows he voted for Bob Kraft. I need you to riddle me at home, boy. Okay? You vote. Word. That's how we know it's you. All right?
Starting point is 00:08:43 You know you voted for Bob Kraft. You were adamant about voting for Bob Kraft, but maybe you voted for I can't recall I can't recall if I voted he played the fifth right well so this is the thing about craft though and this is something Van Nata and Wickersham have also reported on and why I said put a pin in it talking about
Starting point is 00:09:03 that documentary series that docu-series was the beginning of craft building his case to get into the Hall of Fame it's really important to him purdle reporting a Wickersham in Vanada, that he get into the Hall of Fame. He really, really wants it, all right? So you're going to have a hard time convincing me that that
Starting point is 00:09:28 Kraft's desire to get into the Hall of Fame. And Polion saying, I absolutely did vote for him, does not have some measure of influence in not voting for Belichick getting into the Hall of Fame. So let Polian be a friend of crafts. also Polian remembering he was the GM of the Colts when Colts Patriots was the prime rivalry in the NFL and you were losing to a dude that you believe was cheating y'all you telling me that you don't think this was not the opportunity to get his lick back now one last thing right before I get this to you
Starting point is 00:10:04 and this is important to note it's a little bit complex for the type of the ballot that Belichick is on All right. So this is from Mike Sando of the athletic. And he says, they're on the, what is like the senior ballot, the contributor ballot, the special ballot. I don't know what it's called. But on that ballot, or Bill Belichick, Bob Kraft, Roger Craig, running back for the 49ers back in the day, Ken Anderson quarterback for the Bengals back in the day, an LC Greenwood, defensive end for the steel curt. They're on a ballot that is separate from the 15 modern era finalists. And they're competing for one of three spots. 50 voters each pick three guys. The top voter gets in no matter what. The others have to get at least 80% of the vote. So that's 40 out of the 50 voters, which is to say there are a lot of ways in which somebody can wind up not getting it.
Starting point is 00:11:02 But if Bob Kraft is the one that's at the top of the ballot and those other guys don't get in, including Bill Belichick, come on man that's shenanigans that shenanigans right to your point about how bad robert craft wants to get in this is from the wicker sham don vina article this year bellichick was a finalist of robert craft the patrons owner and belichick's co-architect of the NFL dynasty of new england it marked the first time that craft 84 was a hall of fame finalist after 14 years of campaigning on his behalf by the team's long time PR man and other supporters i would also like to know
Starting point is 00:11:41 know he was not the co-architect. He just bought the house. Yeah, he bought the house. Yeah. What are you talking about? But the docu series, like, to your point, he is clearly trying to set up the narrative that it was a three-man group that put that team together in him, Belichick, and Brady. Yeah, yeah, but I will tell you this. I tell you what, he also clearly builds as a one-man playing spy game. Like, he very clearly washes his hands of that.
Starting point is 00:12:11 one. Right. He puts that all the way on Belichick. And Belichick wound himself doing himself a disservice in that doc, if you watch it, because it became clear he decided he wasn't going to give them anything. And then he wound up with a documentary that was made that had nothing to do with him. Right. You know, like he, everybody else makes their case. And he doesn't. He's just kind of lost in the wilderness when it comes to the discussion. But no, if I had to bet, Bill Polian decided he's not letting Bill Belichick in the Hall of Fame, not right now. Okay. Now, this isn't even the most egregious case of Hall of Fame voters acting like this. To me, there is no question. The worst I've ever seen is that year that Morton Anderson made the Hall of Fame and Terrell Owens did not.
Starting point is 00:12:54 Right? That was, I mean, they made Terrell Owens wait like two, three years. I think it was three. Yeah. Yeah, like it was crying. Again, Belichick is going to get in. That's why I can't get but so charged up about it. In the end, he will be a Hall of Famer, and they don't give you a different jacket for being a first ballot Hall of Fame. All right? He's going to get in that's going to take care of itself. Boom. There it is. But goddamn, let me tell you this right now. If they let Bob Kraft in before they let Belichick in, if they decide to be super petty and let Tom Brady in, wait a couple of years to get in before him, don't let him put Eli Manning in before they let Bill of Belichick in. He might not, she might do like, what's his name did? T.O. did and have his own
Starting point is 00:13:40 ceremony. Because this is the part to me that I think is interesting and human and where it has to hurt Belichick who in that Wagerstam and out of report was like six Super Bowls isn't enough, which by the way, fair question. Good argument. Yeah, yeah, yeah. Belichick is a, like, football fan doesn't even begin to describe it. You know, like, it's like, what, what this is and what this means to him and the historical value he places. And he's the guy that goes back and talk about like Dutch Schultz. Is it Dutch Schultz? Dutch Clark.
Starting point is 00:14:15 Dutch Schultz is the bang, bang, bang. Gangsta by fault. Hey, man, they used to make a lot more Dutches back then. Not a lot of Dutches in the league these things. Yeah, yeah, yeah. I know what, I know one Dutch. And he has nothing in common with Dutch Schultz or that Dutch Clark. He used to be big crits manager.
Starting point is 00:14:30 That's the Dutch that I know. I can only imagine how painful that. that is to Belichick because I'll never forget. It's a long story, but I needed to highlight Warren Sapp about something the week that he got into the Hall of Fame. And I called him. And I've never heard anybody happier to be anywhere in my life. Right. Like the idea of like, we go into the rain,
Starting point is 00:14:55 Nitskin lunch, right? Like all of those things. Like for those guys, the Hall of Fame means something so I think it means more to football players. then it means to anybody else. It's referred to football heaven. Yeah, yeah. Well, in part because football is a camaraderie sport. Right.
Starting point is 00:15:12 Right. And so once you're there, you're just around everybody and those guys go back every year and the jackets and everything else. And Belichick has been exercised from the NFL, basically. But you can't take that away from him once he gets there. And I can only imagine how much it'll mean to him to get there.
Starting point is 00:15:29 And they're going to let Bob Kraft in there. Like, that's what he's thinking right now. Whether they're going to or not. I mean, that's my guess is what's going to happen. They're going to let Bob Kraft in. He's not even a football guy. He's a fan. They'll let a fan in before they let me in?
Starting point is 00:15:51 Woo-wee. By the way, has Jordan sent any tweets about this yet? I bet she, boy, you know, she ride for her guy. I have not seen any Jordan tweets. We got, we got LeBron tweeting about this. We got Mahomes tweeting about this. We had Jimmy Johnson. Nobody's more charged up about this than Jimmy Johnson.
Starting point is 00:16:13 Now, look, Jimmy Johnson had to wait all them years to get into Hall of Fame. Hot take. I don't think he should have got in. But let's go with this one. First for Jimmy Johnson. Who's what, 81 years old now? Something like that, yeah. I would like to know the names of the assholes who did not vote for him.
Starting point is 00:16:28 They are too cowardly to identify themselves. He is right about that second part, by the way. And then this one, if they are, using the excuse, in all caps, of SpyGate, that's ridiculous. Many teams, including ourselves, tried it. Howard Mudd at Kansas City, who later coached for Bill Pollian and Tony Dungey, gave us the idea. He was the best.
Starting point is 00:16:49 We didn't get anything and stopped, but many teams gave it a try. He was never this interesting on Fox. Like, never, never. But, hey, man, he's going to get in. But thank you, Bill Pullian. This week where the Super Bowl, between the Super Bowl, is normally a content wasteland. Ha ha, ha. Well, you said, no, no, no.
Starting point is 00:17:17 I got you. Let me throw y'all this softball right fast. And I don't know whether to hit it or catch it. But either way it goes, we bought to scope. It is the time of week where we have a guest join us. He is the author of Everybody Loses the tumultuous Rise of American Sports Gambling. I hate, I don't have the book to hold up to you because the copy I have, I got such an OG copy. It just looked like white pages.
Starting point is 00:17:42 You understand what I'm saying? I had the pleasure of blurbing this book for the author named Danny Fund. Danny, man, I appreciate you joining us. What's up, man? Big fan of the show. Thanks for having me. Oh, man, thank you. And I want to start by asking, I guess, the broad question that everybody asks is with a book,
Starting point is 00:17:56 which is, how did you decide to get into this topic? Because to me, and I was just talking to Howard and Brian about this yesterday, this is the topic of the relevant topic of all things sports right now is the effect of gambling and I start with the beginning because at some point we're going to do this thing where we talk about this stuff and then we run a gambling commercial but that kind of speaks to the point the prevalence of sports gambling now is unavoidable in what we do but I'm curious as said what point you decided this was something to write about the very first piece I was just so curious how, you know, nowadays, if you can bet from your phone, you can bet on thousands of
Starting point is 00:18:34 different things within every game. What does that mean for beat reporters who are in locker rooms, talking to coaches, have access to so much information that would be hugely valuable to anyone placing a bet? Are there any rules inside news organizations about sports reporters betting? In particular, I got to talk to Ian Rappaport at NFL Network, and he had just broken that the 49ers were thinking about taking Tray Lance as opposed to Mac Jones. This was like a 2022 draft maybe. 21.
Starting point is 00:19:07 21. Yeah. And like the odds swung dramatically. Jones was the overwhelming favorite to go to the Niners. Lance at the time wasn't even thought of in the top 10. And I was like, you know, if you had placed a bet on Trey Lance and then put that tweet out, you could have made a killing. And he's like, yeah, that would sort of be like the insider trading version of
Starting point is 00:19:27 sports betting. It did occur. to me. He didn't do it, but he said it did occur to me. And it was just an example to me of like, there are so many rules of the road that have not been established as sports betting has exploded. In newsrooms, uh, within leagues, all over the place, we're kind of like figuring things out as we go. And it seemed like there were a million stories to get into that, that seemed ripe for reporting. No, how surprised were you to get in and then realize you were going to write a book that would have a title of everybody loses? Because the, a significant, theme of this book is it's hard to tell who's coming out on top here. Exactly. And, you know,
Starting point is 00:20:06 the idea that that led to that title was, of course, there's a staggering amount of money being lost as people bet $150 billion a year. But the idea for the title went well beyond money, right? It's like losing integrity in sports, in the independence of sports media, in the well-being of athletes who are just hounded by angry gamblers on a game-by-game. and sometimes much worse than that. The losses are just overwhelming. And then like the natural follow-up is so who's winning? And as I did more and more reporting,
Starting point is 00:20:39 I found that a lot harder to answer. So I think you get us to an interesting question. And I think that the best way to do this is probably to go through just the effect on all the various entities that are involved here, whether it be the companies, the leagues, the players, the fans. Like, you know, there's some pretty clear lines on like who the groups are that you would think of
Starting point is 00:20:58 that are affected. even media, for example, right? Like, you know, it touches us all in different ways. Where I want to start is with the leagues, because the leagues were the people that for the longest time spent the most years. Kim a little here, ha a little there, about the dangers of gambling. Of course, you have, for example, the history of baseball, which speaks clearly as to why they would have their concerns about gambling.
Starting point is 00:21:23 Basketball also, you have in football like the Paul Horning, Alex Carrey's thing, but nothing quite as acute as it really was. was with baseball and basketball. And then it seemed, I mean, basically, and we saw this happen in a lot of ways, in a lot of places. There was momentum that was building for this. But this seems to be as much a post-COVID thing, where the leagues looked up and were like, hey, it's a lot of money that we lost. And I know how we can get it back pretty quick. And then one day it seemed like everything had changed. No doubt. That was also a big reason why states were in such a hurry to legalize because they had budget deficits and they were like, we can flip a switch and this industry will generate a
Starting point is 00:21:59 of money and tax revenue. I think the change of heart happened for the leagues well before that, though. And I really wanted to understand, like, you know, the answers were just so unsatisfying to me of what exactly got to them that made them abandon a century of saying this was an existential threat to their sports. It's interesting to me that the NBA, as you know, like was the first mover in that because I wanted to know, okay, which of these guys actually have real convictions about gambling and witchers just sort of going with the flow and following what owners want or what the political landscape allows. And it seems like David Stern was one of the most adamant actually thinks gambling is a terrible thing for sports. I heard this from Chris Christie,
Starting point is 00:22:45 the former governor of New Jersey, who, you know, Stern is from Jersey. Christy met with Stern when he was pushing for legalization there. And Stern just got really worked up in those conversations. Christy said and said like the quote he had was it treats athletes like chattel gambling does so Stern retires in 2014 his deputy Adam silver takes over and publishes this op-ed in the New York Times that really caught the other leagues off guard because they're fighting in federal court with the NBA to block New Jersey from from overturning a federal ban on bookmaking Adam Silver's reasons are you know there's a lot of betting going on under the table the number he gave for the illegal betting happening, it's just a wild exaggeration. He said, $400 billion are
Starting point is 00:23:34 being wagered illegally, which the New York Times, coincidentally, since they published that op-ed, some reporters years later exposed, it was just a ludicrous number to quote. But then in the book, I talked to a lot of people who are around Adam Silver, and it seems like the actual rationale for why he felt he could put his neck out and say, let's legalize this, was not at all. thinks he was bringing up in that op-ed. I want to take a brief moment to imagine David Stern reaming Chris Christie out on the principled idea of gambling. First of all, Chris Christie is probably trying to change David Stern's mind about this.
Starting point is 00:24:15 And that is an intellectual battle that is tilted highly. If you could bet on that, you would bet on David Stern. And I have just imagining him, the guy who's been through all the wars, the guy that tried to keep Connie Hawkins and Roger Brown out of the NBA for as long as he could, everything else. And then in comes Chris Christie with a catch up staying on his shirt, trying to talk to Davis Stern about why it is that this gambling would be
Starting point is 00:24:36 a good idea. Now, you fast forward to Silver, and to be fair to Silver, regardless of what his principles were or weren't, he was the commissioner of a much different league than Stern and a commissioner of a league that has a lot more money invested in it by the owners than Stern did. Like,
Starting point is 00:24:52 Silver is the commissioner of a league run by billionaires, where Stern was a commissioner of a league run by millionaires. The stakes are totally different now for him. And when you go back and you read his piece about it, it is the growth mandate for all these leagues. He's like, okay, we got to find something else. And then they come here. But it really is interesting, especially now when we see the stories that have surrounded basketball and our understanding of how simple it is to engage in a fix with basketball, it is a bit surprising that a man as smart as him really leaned in as hard as he did.
Starting point is 00:25:23 Yeah, and particularly, you know, if you read the op-ed now, it's strange because he's saying this has to be done at the federal level. It would be a terrible idea if states were the ones who were regulating sports betting. And of course, Congress totally sat this the last few years out and all of this is done at the state level. And the NBA was lobbying states to legalize. It feels a little disingenuous to say, oh, this could only work if it were done through Congress and then the NBA rushes to be very aggressive at lobbying states to get on board.
Starting point is 00:25:57 The other piece that I think was in the back of his head was these what are called integrity monitors. It's dominated by two companies, genius sports and sport radar. We're meeting with the NBA and other leagues and explaining this model that had worked in Europe with European soccer where we present ourselves as, you know, we're using. betting data to make sure that bad things aren't happening. The wrong people aren't betting. We can sniff out suspicious bets if we're looking at all this stuff and catch fixers in a way that we couldn't if this is under the table. But really, you're going to make a ton of money by selling the data to our companies that allows online betting to happen, basically. You can't
Starting point is 00:26:43 have online betting if someone isn't providing real-time data about statistics within a game. And that was, you know, a huge money-making opportunity if gambling were to be legalized. So Mark Cuban, Ted Leonis, and Michael Jordan invest in sport radar before legalization. And I talked to someone at one of these integrity monitors. I'm like, I mean, it seems safe to say that they're betting that the NBA would embrace gambling and that it would be legalized. And then that investment in sport radar would be way more valuable. And the guy was like, yeah, no doubt. And of course, it's weird that you can bet on something and then determine the outcome,
Starting point is 00:27:24 but that's exactly the position the NBA was in. So just this whole idea that was so central to the legalization case of it's going to somehow improve the integrity of games because of what we'll be able to do with these integrity monitors, there's way more to that story. And really, they're in the business of facilitating betting through that official league data and the kind of catching bad guys is, in some ways, just window dressing, I'd say. Well, I think that that makes me think of two things, right?
Starting point is 00:27:57 One of them being, it appears that the argument that if we set up an infrastructure that almost assures that people get caught, that will then make people stop trying to do the thing that we're trying to catch them doing, which has kind of sort of work we've seen performance enhancing drugs, it doesn't really work in this space because this is not a, this is not a space of rational behavior, right? And we'll get more into this, obviously, about the things that then drive people and incentivize them to gamble. Another thing that I think is an interesting kind of recurring theme in the book, which is
Starting point is 00:28:31 these guard, these people who are in this to provide guardrails, or at least ostensibly in this to provide guardrails, but they're profit-seeking people just like everybody else. And so this goes all the way down to the people who are there. to help those who seem like they might have gambling problems, right? Because, I mean, the analogy I use is we've legalized cocaine a bit. Some people can do a little bit of cocaine and just be fine. Other people, not so much. We are, when we pitch gambling, even the people who are selling it have to admit,
Starting point is 00:29:03 we're pitching something with a warning label, right? We're pitching something with a 1-800 number. We know exactly what it is that we are dealing with when we get in this. But these people whose job it is very often to help protect, are not really protecting is something that you found. No, and like, you know, the entanglement of these integrity monitors with the leagues, it's just an enormous conflict of interest, like you were saying, you know, if the leagues own the or have an ownership stake in the companies that are responsible for
Starting point is 00:29:35 blowing the whistle on someone who shouldn't be betting, betting, or if the owners, you know, have equity in those companies, are they really going to embarrass the NBA or any other league if they catch a superstar betting? I heard that, you know, it's crazy coincidence that I interviewed an agent of Malik Beasley. They've since parted ways, but when I met with him in 2024, he was reping Malik Beasley. He was about to sign with the Detroit Pistons. And this guy told me, if it's up to the leagues to blow the whistle on someone with their ranks who they catch betting.
Starting point is 00:30:14 Like, it would kill the league, as he put it, if they caught an all-star betting. So I really doubt, you know, his words were I really doubt they would do anything more than sweep it under the rug. And, you know, it's hard to deny that. And there's just a lot of examples of that where the people who are responsible for intervening have a financial stake in biting their tongue here. Well, also the leagues are in the awkward business of hoping their customers lose money. Oh, no doubt. I wonder where that goes because it's so expensive nowadays to have the NBA package or Sunday ticket or pay for seats. It's very expensive to be a sports fan. If you tack on something that these companies think will cost the average person thousands of dollars over their lifetime of betting, are you just going to burn out your fans? That's definitely on people's minds, even in the industry. There's an expression you can shear,
Starting point is 00:31:12 a sheep for life, but you can only slaughter at once, or you basically slaughtering gamblers by pushing these very, you know, unfavorable types of bets on them. Well, the next interesting part, I think, of the book is talking about the companies themselves. And the industry has really now become dominated by Draft Kings and Fan Duel. They were able to get in early because they were daily fantasy companies, which sounds a lot like gambling, but through some, some technicality, isn't really gambling. It's not dissimilar to a lot of people in the era of cannabis legalization who got in on gray market stuff before it went legal.
Starting point is 00:31:52 And then those were the people who had the leg up. These wound up being the two companies that stood up. But they're not making that much money, if at all often. And these other companies that we see, even those are really big names. Like my thought was the companies who had names attached to casinos would win. It would be similar to the top companies in television where the top companies in radio, right? Like, they would have the leg up on it. But the companies who actually facilitate the betting, they also are not really winning so much. No, yeah, that shocked me. Like,
Starting point is 00:32:25 the House always wins is such a truism. And it's true in other parts of the world. Like in the UK, there are dozens of operators that make profits, taking sports bets. And, you know, you turn the lights on and run your business, you know, competently. And you're probably going to come out ahead. Not the case in the U.S., partly because just the fight for market share was so aggressive. They were spending insane amounts of money to get off the ground and to win over customers, and that was unsustainable. But the other piece of it is just one betting app isn't so different from another one. Like, there's no real reason to have eight different apps that you're betting on. So if Fandall or Draft Kings gives you the biggest new customer promotion or
Starting point is 00:33:09 they're showering you with those sorts of perks day after day to keep you betting. It's hard for the other companies to keep up. So like, you know, 50 plus operators flooded this marketplace initially. A whole bunch of them have gone out of business or pulled back from many states. It seems like we're due for this to just be a duopoly of Fandul and Draft Kings. But even them, as you were saying, are finding that sports betting under the, you know, having to pay so much for licensing state by state. state, having to pay the leagues for that official data as ridiculous as that sounds,
Starting point is 00:33:45 the constant marketing spending they have to do. They're going to have to push people into even more profitable forms of gambling long term, which is why Fandall and Draft Kings now have online casinos and they're pressuring more states to legalize that. Maine just did recently, but definitely going to be something people are hearing about across the country, which is, hey, you've placed your bet on a game, you're waiting for kickoff, or you know, you're seeing if it resolves, why don't you go place a bet on, you know, blackjack or slots or roulette or whatever while we have you. And that is profitable as sports betting can be if, you know, you're one of those two companies. The money you make off online casino just blows that out of
Starting point is 00:34:27 the water. So I think that's definitely where this industry is headed. I also think one of the big surprises for a lot of us where I mentioned the thing about, you know, me thinking that the big names attached to casinos would be the ones winning out in the games. But we've also seen the example, I think Penn National is the name of it, who once was the barstool casino, basically. And then they bought barstool in order to put the name on the casino and then basically gave barstool back to Dave Portnoy because it didn't turn into anything. ESPN then lent its name, and that was ESPN bet. And then ESPN then decided it was actually just more profitable to have a relationship with Draft Kings. So these big box names that people thought would draw people in on the
Starting point is 00:35:09 market, nope, nope, this seems to be a settled matter. Yeah, if anyone could challenge Fandul and Draft Kings, you know, some people thought Fanatics could, and their sports books doing all right, but they thought they had this huge pool of people who've bought Fanatics merch. They can convert them to sports betters. It's some mixed results. ESPN was the other one where it's like they don't have to spend as much on marketing theoretically. ESPN bet that partnership with Penn could threaten this duopoly. Not at all. It was kind of a disaster from the start, pathetic market share that forced them to give up on it last year. I've got some good quotes in the book from people who worked at ESPN bet who are like, our product was shit. So people got our new customer bonus.
Starting point is 00:35:54 And then they went back to Fandall and Draft Kings and we felt helpless. So, but it was also just very embarrassing for ESPN to have, you know, they're a superstar talent hawking ESPN bet in studio and commercials. And yet it's, you know, something most people totally ignored. And you might have thought like, okay, ESPN's out of the betting game. But if you've been watching, you know, playoff pregame shows and all that, the Draft Kings ads are, you know, so in your face now. Like, they have really replaced whatever they were trying to do with Penn with Draft Kings. And I have no idea how much draft king spent on that, but it's got to be quite a lot because it's totally taken over ESPN coverage. Yeah, because as I recall in reading, it took a loss on the new customer
Starting point is 00:36:40 bonus. Like people had figured out ways to get the new money, play their game or whatever, give some wins, take the money out, and then go take it to somebody else. I always felt bad for ESPN audit in that it was almost like day to do that's just walking up and down, like, can I buy your drink, can I buy your drink? Can I buy your drink? And then you buy a drink and show and even dance with you. You're like, yo, hey, where you going? Where you going? Where you going? Thank you. You know, hey, hey, hey, you're the one that said you was going to buy me a drink.
Starting point is 00:37:05 I ain't asked you for that shit. Right, right. Bonus hunters is what they call it in the industry. I got a kick out of the founding CEO of Fandul lives just outside of New York City. And he told me that Caesars had one of the most like overboard, you know, absurd new customer promotions when New York launched in 2022. I think you could claim $3,300, basically just by signing up.
Starting point is 00:37:31 There was nothing more to it than that. It was free money. And this Fanduel guy was like, that was the only bet I've ever placed with Cesar's. I just pocketed their three grand. As he put it, the stupidest promotion I've ever seen in my time working in this industry. So Cesar's got burned really bad because they shot up in market share in New York and then crashed and spent like half a billion dollars in the process. So where I'm somewhat curious is that this affects my business greatly because they pay the bills for a lot of us.
Starting point is 00:38:03 And it is, I think, for a lot of people difficult to have an honest conversation. Because again, like I said, you're going to hear an ad for that stuff right after we get through talking about this. I'm willing to make it awkward. Not everybody is in a position where there's something that they're willing to do. But if it goes to being a duopoly, I think that threatens a lot of the business that are funded by this huge advertising. push that we have seen for the gaming companies, which, by the way, is not going to continue forever, right? This is a business that's in the customer attainment phase. I forget the phrasing of it, but then at some point it's going to turn into the profitability phase. No doubt. And that's already
Starting point is 00:38:40 happening in some states that have had legal betting for a few years. They've pulled back dramatically on that new customer spending. The first place it really hurt was, I cover this in the book just because the dollar figures are absurd to me. The amount they were spending for referral, if on your website or even if you had like a link or a promo code on your podcast, the money they would pay for referral fees got to the point where for every customer that a news site directed to sign up with a sportsbook, they were paying as much as $500 per person goes to show how much they expected those people to lose long term.
Starting point is 00:39:18 It even got beyond that where they would give a cut of what they call a revenue share. So if you direct a customer to me and they sign up and start betting for their lifetime that they're a sportsbook's customer, you'll get typically 30 or 45% of their lifetime losses, which could be a huge amount of money, especially if they're one of these VIP sports betters. A lot of that spending has been dialed back. And a lot of those sites that were dependent on affiliate marketing have had huge layoffs or gone out of business. And I think, yeah, as you were saying, like sports betting has sort of gotten hooked on that level of advertising. It's unsustainable. And there's no, there's no, you know, delusions within sports books that, as you said, they're going to have to flip this pitch in part because their investors are not going to tolerate losing hundreds of millions of dollars, you know, quarter after quarter to establish themselves. Eventually, you got to start making money.
Starting point is 00:40:16 And that's going to mean dialing back advertising. You know, one question I always have about when these things become legalized, no matter what it is. So I think the cannabis market is a great example. There are people who like going and talking to a human being and going to their house and making a transaction. And perhaps you guys will sit down and smoke a joint together and just watch some stuff. And there's kind of a human touch along with it. Now, human bookies are a little bit tricky because the wheat man doesn't break. your legs, right? Like you don't tend to run into a debt in that situation. But there is a,
Starting point is 00:40:54 there are relationships there. It is a bit more of a human thing. And I've always think that these legal games, they get tripped up because they can't give you that same sort of feeling in what the thing is. But what they can do is they can put the casino in your pocket and it follows you everywhere you go and it makes noises and it chirps. And it always reminds you that you're there. and I think something that the commissioner of the NBA got wrong in this, and I'm curious your thoughts about it. I think the book gets into it. But it's one thing to legalize gambling.
Starting point is 00:41:29 It's another to do it within the context of a smartphone world. And so that, like in 2014, I think it was a little easier to say, well, now we're bringing it to the light. But I don't think that the thought in the heads there, we're bringing it to the light and it's going to buzz in your pocket every 15 minutes. Yeah, isn't that wild? Like, it's so intuitive,
Starting point is 00:41:50 and yet it was lost on so many lawmakers who are rushing to legalize things. The person in particular, who I think about is Charlie Baker, who was governor of Massachusetts when they legalized bookmaking, I believe in 2023, around there. And then a few months later,
Starting point is 00:42:07 he took the job as president of the NCAA. And as he was going to campuses and talking to students and athletes, he was just freaked out, already by the things that online betting were doing the people. You know, one in five college students says they dip into tuition money to pay for bets. And hearing stuff like that, hearing athletes saying, you know, they're hounded by people they go to class with or they know saying, hey, like, hook me up and don't catch a pass in
Starting point is 00:42:36 the first quarter or something so I can win a bet. That is just relentless and kind of unbearable for some athletes. and Baker was like, all of this really stems from the fact that it's totally different if you have to go to Las Vegas or chase down a bookie or bet through some shady offshore website than if you're banging out bets from your couch on your phone and an app that you downloaded on the app store. And as crazy as this is, that was just lost on people like him. And he said the quote he had was shame on all of us for not putting two and two together. The other thing about online betting, it's not just that it's so ripe for compulsive behavior. It creates all these betting opportunities that are so ripe for corruption. And I really tried to get that point across in the book that like the John T. Porter scandal,
Starting point is 00:43:24 you know, people betting hundreds of thousands of dollars on a two-way player to, you know, how many rebounds he's going to have in a random game and stacking that together in a same game parlay. that's basically entirely the creation of the online betting era. You could not bet that in Vegas a decade ago. You couldn't even bet that through an offshore site a decade ago. They wouldn't risk it because they knew how easy it would be for a guy making a minimum salary to fix his prop bets. So these companies have invited that risk of corruption
Starting point is 00:43:59 by offering those sorts of bets. And again, when the leagues say that legalization somehow decreases the risk of fixing. We're just seeing one example after another that undermines that. All right, so coming up next, I want to talk more about the player end of it because they,
Starting point is 00:44:15 they wind up kind of in two places at one time in this whole discussion. So we will do that after we do this. It's the last call for football on Fan Duel. One final Sunday, one last kickoff, the final chance to place your bets before the NFL season closes his. tab. This is Super Bowl 60, and FanDuel is making sure you're in on it. If you're a new customer,
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Starting point is 00:45:14 Awards are non-witrable, restrictions applied, including bonus and token expiration, leg requirements, and max wager amount. In terms, it's sportsdwell.fandull.com. Gambling problem. Call 1-800 gambler or visit RG-Help for dot com. Call 1-888-789. 7777 or visit ccpg.org slash chat in
Starting point is 00:45:35 Connecticut, or visits MD gambling help.org in Maryland. Hope is here. Visit gambling help line m a.org or call 800327-50 for 24-7 support in Massachusetts or call 18778 Hope N.Y or text Hope N.Y in New York. All right, we are back with Danny Futt, the author of Everybody Loses this new book on sports gambling in America. Absolutely check that out. We were talking about the relationship that players have to this new world order.
Starting point is 00:46:07 And it's two things, as you describe. One, players who feel pressure and hear more from fans who also, because of the smartphone, had this whole new level of access to them at all times to motherfuck them about what's going on on the court with the relation to their bets, but also, occasionally, they are the bettors themselves.
Starting point is 00:46:27 And so now all of this has come together in a world that just makes it so much easier for somebody to try this new cocaine. Oh, yeah. I mean, the harassment stuff is so out of control. I remember Jalen Brunson told The Athletic, he was like, however, you know, whatever you think they're sending us, it's way worse than that. You know, it's the most gruesome, insane things. Game after game, it's become totally normal now for people to find the Venmo accounts of athletes and say, hey, you know, you. You struck out, you know, or you bricked that game winning shot. You owe me money to make up for it.
Starting point is 00:47:06 It gets way worse to that. Like, it's not just confined to the internet either. There have been people who have been stocked at team hotels or their homes. J.B. Bickerstaff, the coach of the Piston, said that people texted his personal phone, that they know who his kids are and where he lives and threatened him that way. The manager of the San Diego Padres just resigned because in part, he said, he was just worn down from getting so many death threats from gamblers. And I highlighted this early in the book because it's an example of how there's always been
Starting point is 00:47:39 betting, it was never this bad and this level of harassment and threats were nowhere near to this level. And it could reach a point where, as the former chief security officer of the NFL told me, as he put it, it's only a matter of time before someone tries to kill an athlete who costs them a bet. And, you know, I'm guessing if that were to happen, we'd have a whole bunch of politicians saying we got to crack down, like, well, this is way out of control. But it just seems like, you know, an inevitability based on the level of abuse that athletes are getting these days. And then on the flip side, you talk about something like Jonté Porter or somebody like Terry Rozier, players who are accused of engaging in fixing of some sort. And the easiest fix than what we talked about, and you mentioned earlier, was the, these prop bets, these over under for irrelevant players.
Starting point is 00:48:30 And like to me, somebody bets $20 on Jontay Porter. We shutting this down. Like, like, who's like, like, like if you doing this, if you claim that you try to help people with problems, the second they start putting a bet on Jonte Porter, either it's a problem for them or it's a problem for you, right? But it's like, it seemed to me, and it seems clear the book pointed this out.
Starting point is 00:48:50 They didn't think any of this stuff out. It was just like, hey, man, we got this way to get this money right now. Move fast, break things. Boom, let's go. Let's do it. Yeah, I mean, I hear your point. You know, to say nothing of like if you're betting on Pakistani cricket at 2 a.m. Or something.
Starting point is 00:49:04 Probably, probably you have an issue. It just goes to show like same game parlays are the number one moneymaker of these companies. And the degree to which it dominates their business, even caught people at Draft Kings by surprise. They told me, like they did not anticipate that would be how so many people exclusively bet nowadays. And in order to make those bets as attractive as possible, you want to be able to combine every possible outcome within a game, including a totally obscure bench player like a Jonte Porter. So, yeah, they were inviting trouble.
Starting point is 00:49:41 And there's just so many easy ways to fix now. And it's, you know, like you look at Rozier, he was allegedly these bets happened when he was on the Hornets. Clearly they were tanking that season. And he was, you know, if you're in that position, you're like, I can hook my buddy up, help him make tens of thousands of dollars instantly because I'm going to remove my game from a, I'm going to remove myself from a game my team is trying to lose. What's the big deal? Like, what's the harm? That's just one of many reasons why making 150 million over the course of your career in Roseer's case does not, you know, immunize you from doing something stupid with gambling. Well, also, I think Rosier speaks to something very important, which is making a lot of money and having a lot of money sound like the same thing.
Starting point is 00:50:32 When Rozier got busted, he had to put his house up for bond. He appears to have problems himself. And so the idea that, well, we'll just talk to these guys to make sure they understand that they don't need to gamble. And that gambling is bad as though people don't just generally make bad decisions in many cases. the leagues are now more vulnerable. And to somebody, the same way anybody else is,
Starting point is 00:50:56 just got this phone, just playing a little game, just clicking a little here and there, a little there, a little there, now what? Yeah, the Cleveland Guardians pitchers, including an All-Star, you know, very highly paid relief pitcher, Emmanuel Claese, allegedly texting their collaborators from the bullpen.
Starting point is 00:51:13 These college basketball players who just got indicted last week for fixing games, point shaving, allegedly texting during halftime. One of them on DePaul. I remember he allegedly said, man, that was easy to fix a game, which is not surprising.
Starting point is 00:51:31 But yeah, so brazen and like the immediacy of it with doing it on your phone. And these athletes who are, you know, betting themselves, they're like, just like anyone, they're like, I'm seeing nonstop ads. I see my league embracing it.
Starting point is 00:51:46 Obviously, in hindsight, I realized this was stupid, but at the time, I just thought, what's the big deal? Now, we talked about, or a little bit about just, you know, I think how this affects fans is interesting, and I think that there are a couple of levels. One, I saw that you had my buddy Bob Costas blurb your book, and Bob opened my eyes to a thought process on this
Starting point is 00:52:07 that I hadn't considered that has really kind of changed how I look at a whole lot of things. And that was none of us got into this for gambling in terms of being fans of sport. That's not the reason. The reason we got into this was not so that we could bet on it. If you are to watch just about any sports broadcast or any sports television show, you would think that's the whole reason that anybody is watching. Now, I'm of the belief that these, like, I'm going to get some advice for somebody on gambling.
Starting point is 00:52:36 I think most people are just kind of looking for the thrill. And so there's inside information. There aren't that many people that are, they are profit seeking, but that's not really how it works. Like, I just, if you are coming to me to find out what you're a picture, should be, baby, this is, you're doing this wrong, right? But a broadcast would lead you to believe the whole reason to watch this is for these reasons. I think it also goes in line with our increased emphasis on quantitative information or quantitative data, which then becomes something that you can cook up in some formula to think that you know how these games are ultimately going to end.
Starting point is 00:53:08 But I'm curious what you think about how this is going to manifest itself. As fans look at the actual product that we get when we're consuming around sports, where how many of us are really doing this to gamble. And even if it's not making us gamble, it's making us talk about it when we don't want to. Yeah, you know, it's like when you were talking about like, what's the main motivation people do this? I like what you've said before about if, you know, if you're, if you sit down at a blackjack table, hopefully your mindset is like, I'm lucky enough to have this money that I can lose to enjoy myself tonight or whatever. I don't think that's how most sports betters approach sports betting. I think they're doing it to make money. I think the ways
Starting point is 00:53:47 they bet and the way it's advertised make that clear and there's surveys to back that up. As far as media goes, yeah, like Bob Costas, he said, you know, when he was calling baseball games, he opted out of reading ads and he had the stature to do that. Obviously, most people are not in a position where they can, you know, say I'm going to skip out on what my employer's telling me to do. But it does change the nature of fandom profoundly. And one thing that kind of kind of trip me out was I had spoken with people with gambling addictions who I've said it got to a point where I couldn't watch my childhood team or my favorite team unless I had money on the line. Like it just did nothing for me. It's kind of like they built up a tolerance to the point that
Starting point is 00:54:35 just watching a game for the game's sake didn't get this. It was just like, why would I buy why would I waste my time in the same way like you probably wouldn't go to a horse racing. You know, you wouldn't go to a racetrack just to like watch you know the jockeys you're doing it because you're betting something and that used to be something you'd hear from people with legitimate gambling problems i hear so many people nowadays who are just ordinary betters who say like the idea of just watching a game because i'm a fan doesn't do it for me now if i don't have skin in the game if i'm not sweating the bet as they say uh i'm not interested and that you know is i'm curious how that's going to play out long term because when we think about like why did a previous era of commissioners
Starting point is 00:55:22 resist legalization, I don't think it wasn't because they weren't as interested in making money as this generation of guys. I think they maybe had a more long-term vision of what actually, you know, brings their league's value and how they can bank on generation after generation, you know, spending their money and tuning in. And that seems like it's in jeopardy now. Well, like on this show, I always talk about how Nick Saban was so good that people don't realize how crazy Alabama football is because he kept the beast at bay so long. And so there are going to be things that ultimately come up with that team. There are people going to be like, oh, my God, it's so shocking because you've just forgotten. It's been so long.
Starting point is 00:55:59 Those commissioners were much closer to some of the larger scandals in the faith that was eroded in their games. And so it had been so long, I guess, since something so big like that happened, that it becomes easy for people to be like, hey, well, what's the worst thing that can happen? And this is also tied to tech, which absolutely ignores anything that happened. Forget about before they were born, anything that happened before last week, right? There's no value in learning from what happened previously.
Starting point is 00:56:26 Now, you, the VIP programs was a very interesting thing in the book for me to think of, because I was aware of a lot of these sports books having VIP programs and my mind went to where my mind normally goes when you think about somebody being, a VIP, which is simply somebody who has a lot of money, right? Those are the kind of customers that keep going back. You get the black card because you make a whole lot of charges, but you also pay off the charges. There you go. I hadn't really truly considered that what
Starting point is 00:56:58 makes you a VIP for a gambling operation is not so much how much money you have, but how much money you are inclined to lose and the incentivization from these companies to keep their losers on the hook fascinated me. So like, how do these programs work? Yeah, I had to give this a whole chapter. It's probably my favorite chapter just because I've been covering this for years. I did not realize the scale of this and how it's really, in some respects, all these companies care about. Like, they're advertising and stuff. It's kind of like a giant fishing net and they're hoping to catch a whale and they're going to catch a lot of us sardines in the process. But about 2% of bettors account for 60 or 70% of the revenue.
Starting point is 00:57:42 these VIPs who are betting tens of thousands of dollars a week, if not much, much more than that. And in order to keep those customers happy and loyal to a specific company, places like Fandul and Draft Kings have hundreds of employees whose sole job is pampering them with like every experience imaginable. Throwing out the first pitch at a major league baseball game, playing pickup on an NBA court, giving the starting command at a NASCAR race, having your kids take back. batting practice on a major league field. By the way, this is part of why they're so determined to partner with teams.
Starting point is 00:58:19 It's not just like for the billboard effect of, you know, official sponsor of the New York Yankees. It's because they want access to all those perks that they can give their VIP customers. It even goes beyond sports. Like these hosts who make sure these VIPs stay happy and betting so much will text with them day and night about betting and all sorts of other things. go out drinking, go out to dinner, play golf. Really, the idea is befriend them. So if they're ever
Starting point is 00:58:49 tempted to pull back their betting or, you know, say I'm overdoing it or I need to rethink how much I'm losing, not only are you going to lose those VIP perks, but you're going to lose a friend in a sense that Fanduel or Draft Kings or whoever has offered you. And just, I think the best example of this is a VIP host that Fandall told me about a colleague who had caught wind that a VIP customer's dog had passed away. And they sent them this condolence basket that included a blanket with the picture of the dog's face on it. And I just think that's a wild relationship to have with your sports betting company of choice. But it just goes to show like the VIP business is everything to these companies. And if you're one of those hosts, it puts,
Starting point is 00:59:38 puts you in brutal dilemmas sometimes where you see someone who's getting carried away, maybe can't afford to be losing, you know, that mountain of money at such a rapid rate. And it's very clear inside of these companies, like, unless they say, I have a gambling problem, there's a stigma about intervening because you're going to cut off one of your cash cows in effect. And that's a mess right now. and people who work in responsible gaming at these companies or who are these VIP hosts say essentially we're incentivizing irresponsible behavior.
Starting point is 01:00:15 Like betting irresponsibly is a requirement to be a VIP, which is bad news, I think is safe to say. Here I was talking about how they need to have more relationships with their people like the weed man would. Responsible gaming, R.G, that is another thing that comes up in the book a lot, and that is the people inside the company whose job it is to make sure that people bet responsibly. And I feel like R.G. is somewhat synonymous with LOL.
Starting point is 01:00:43 Yeah, yeah. I mean, first of all, I don't think bet responsibly means anything. Like, even as hollow as saying drink responsibly might be at the end of an alcohol ad, at least we know, like, what drunk driving looks like or, you know, that you shouldn't over-serve a customer or grab someone's keys if they're drinking too much out. I don't know what the equivalent of that is for betting, and these companies don't offer anything very clear to back up what bet responsibly means. It feels just kind of a euphemism. Beyond that, they have these responsible gaming departments. And I heard all these people, whether it's a VIP
Starting point is 01:01:20 host, saying, oh, if someone was overdoing it, I'd go to RG or marketing would say if an ad seemed too aggressive, we'd go to RG. Two examples that I would make you, I think might make you reconsider whether these RG departments are on top of all that. You might remember the company Pointsbet, which was acquired by Fanatics. It was one of the most brash sports books initially. I'd been hearing all this stuff about Points Bet's RG department.
Starting point is 01:01:48 They had hundreds of thousands of customers at one point. It seemed like a pretty big deal. And I met the woman who was the responsible gaming manager at Pointsbet. And I said, okay, like, ballpark for me, how many people were working for you in that department? like how big was your team? And she said, no need to ballpark. It was literally just me.
Starting point is 01:02:08 One person handling 14 states and hundreds of thousands of customers, which is, as she put it, you know, impossible to actually make sure everyone's betting safely. The other alarm bell came from a person who's very high up at one of the top companies who works there and didn't want me to put out their name or where they work because, you know, they're criticizing their employer. said basically when it comes to responsible gaming, they will tolerate the lowest common denominator of customer protections. Anything beyond that, this person said, is viewed as a competitive disadvantage, which is scary if you think, you know, the baseline they're okay with going
Starting point is 01:02:55 anything further is just going to eat into their profits, which is why when they say, oh, we can self-police. We've got this under control. We don't need regulators breathing down our necks. Hearing that, I think, should make you skeptical. And the last thing I want to get to, and it was one of the more jarring things for me to read in this, was the idea that, at least in theory, this is a contest, right? The house sets odds, odds that are in their favor so they can have their Vig, make sure they get their money. Okay, got you. But if for some reason you have determined that you are good at this and you can come in and you can win. They do not tell you good job.
Starting point is 01:03:36 They stop you from participating. I did not realize that part. Oh, yeah, which obviously flies in the face of all their advertising. You know, I used to drive by a billboard in Charlotte that's, it was a Fandul ad that said, turns out watching football can really pay off. And they underline the words pay off, which is like as on the nose as you could be that betting on Fandol ad,
Starting point is 01:03:59 is a potential way to make money, not only do about 1% of customers actually come out ahead over time, but if you are in that group, or even if you show signs that you know what you're doing and you know how to place the types of bets that give you a shot at winning money, they'll cut down how much you're allowed to bet
Starting point is 01:04:17 down to literal pennies. Like I've seen guys who can't get down a single cent on an NFL game. And this is true for ordinary people, and it's also true for those VIPs. So I heard a story of a guy who was betting with fanatics and earned VIP status in Ohio. And he told them, like, I'm in Ohio. I'm a Pittsburgh Steelers fan.
Starting point is 01:04:39 The Steelers are playing the Browns. Could you hook me up with some tickets? They're like, absolutely, we got you. Here's these amazing seats for you and your wife. Game comes around. He emails them. He hadn't heard from them in a while, and he emailed them. And he's like, psyched for this game.
Starting point is 01:04:53 Thank you for the free tickets. Could you throw in a parking pass? And his VIP host very casually emailed him back and was like, sorry, we realize you're no longer a VIP customer because the bets you've been placing on the NFL disqualify you from being considered a VIP. So we had to revoke those tickets. Too bad if you change how you're betting, maybe we'll get you other tickets down the line. But he hadn't broken any rules, hadn't violated any terms and conditions. literally all he had done wrong to lose these free tickets they promised him was place smart bets on football.
Starting point is 01:05:35 And you might say, oh, this is clear. He started betting differently, which is to say he started losing. Oh, yeah, if he started losing, they'd be like, oh, you know, welcome back. Here are all those perks. But yeah, his only crime he committed was, you know, showing a little bit of competence, betting on the NFL. So you might say like, oh, this. these are profit-driven companies. They've got a, you know, they're running a business,
Starting point is 01:06:01 but they don't advertise it that way. They do not, you know, no one, if you ask them, like, do you think you'll have a shot at winning in surveys or, you know, my interviews? Of course, they say, like, it's a fair fight. That's the reason we legalize this was to give customers, you know, somewhat of a, if not a level playing field, because the house has its VIG. Once you account for that it's a fair fight and it's just that's just not the case all right danny font check out the book everybody loses it makes sure that that's exactly exactly right everybody loses the tumultuous rise of american sports gambling it is truly a fantastic book i don't say that if i don't mean it please go check it out i think it is an important topic maybe the most important topic that
Starting point is 01:06:48 we have in this day in sports so check that out and my man i appreciate you joining us thank you so much. My pleasure. All right. No problem. And ladies and gentlemen, thanks so much for joining us here on the right time. We do this four times a week. Ryan Brumley had on everything behind the scenes. Thank you, sir. Remember, hit the voicemail line. 3-2-3-5-9-6-7-67. Follow the right time. Subscribe, like, rate us, review us, give us five stars. You only give us four stars. I'm inclined to believe you are a hater. And we'll talk you guys in a couple of days. Take it easy.

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