Latest / The Favorites Sports Betting Podcast / The Buffet with Chad and Scooch, Episode 35 - Gambling Olympics Featuring The Three Donkeys

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The Buffet with Chad and Scooch, Episode 35 - Gambling Olympics Featuring The Three Donkeys · The Favorites Sports Betting Podcast

• 0:02
  Speaker 1: Coming to you from fabulous Las Vegas. The right side
• 0:07
  Speaker 1: is the winning side. The late move is the correct move.
• 0:10
  Speaker 1: Sports betting capital of the world. We all know when
• 0:14
  Speaker 1: a sharp like me weighs in the lines move, it's
• 0:17
  Speaker 1: a party for your ears. This is the Buffet with
• 0:26
  Speaker 1: Chad and Scooch. I want to buy that guy at buffet.
• 0:31
  Speaker 1: Welcome back to the Buffet with Chad and Scooch. I
• 0:34
  Speaker 1: am Chad Millman's of the Action Network. Scooch is, as
• 0:39
  Speaker 1: you all know, elusive and a man who operates of
• 0:46
  Speaker 1: his own volition, time and rules, and he's just not available.
• 0:51
  Speaker 1: You know, he's probably summering it is Italian Villa, but
• 0:54
  Speaker 1: he's not gonna be in the podcast today. It doesn't
• 0:57
  Speaker 1: matter because today's episode is so chock full of epic nous.
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  Speaker 1: It honestly captures everything that we are trying to do
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  Speaker 1: at the Action Network, which is our nascent company focused
• 1:13
  Speaker 1: on sports betting, and all of the attendant joys that
• 1:18
  Speaker 1: come with it. The conversation, the risk taking nature of
• 1:23
  Speaker 1: betting itself, the community that has evolved over the years
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  Speaker 1: um of people who have longed for places to talk
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  Speaker 1: about this kind of stuff and connect with other people
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  Speaker 1: who talk about this kind of stuff. Uh. And there
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  Speaker 1: is an event going on that was created by three
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  Speaker 1: guys in our universe um Adam Levitan, Peter Jennings Jonathan Bales,
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  Speaker 1: the latter two founders of Fantasy Labs, which is part
• 1:52
  Speaker 1: of the Action Network. Uh. They created an event called
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  Speaker 1: the Gambling Olympics, which, for anybody who likes to at
• 2:00
  Speaker 1: on anything, is kind of like, um, it is like
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  Speaker 1: Nirvana because they are doing all the things that everybody
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  Speaker 1: wishes they could do, and they're doing it over three
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  Speaker 1: days in Las Vegas, sponsored by the Action Network. Bowloads
• 2:16
  Speaker 1: of content you can find at Action network dot com
• 2:20
  Speaker 1: slash Gambling hyphen Olympics. Uh. Fellas, I have all three
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  Speaker 1: of them on the call today. Levitan, I'm gonna start
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  Speaker 1: with you break down for me how the Gambling Olympics
• 2:35
  Speaker 1: came to be. It's so funny. You know, I told
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  Speaker 1: my family I have to go to Vegas for work,
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  Speaker 1: and they're like, they understand. You know, It's like, oh,
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  Speaker 1: Adams going to Vegas for work. That's fine. And then
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  Speaker 1: slowly it's come out what I'm actually doing out there,
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  Speaker 1: and um, it's a little bit off the rails. But
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  Speaker 1: but here's here's what we're doing. Basically, just had the
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  Speaker 1: idea to get a bunch of guys who loved to gamble,
• 2:57
  Speaker 1: who loved it bet on stuff, get them all in
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  Speaker 1: a house um and kind of see what happens and
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  Speaker 1: see what happens around this twelve event Gambling Olympics. Twelve
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  Speaker 1: events that we came up with that we think are
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  Speaker 1: um skill based in at least some sense. So games
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  Speaker 1: like yacht sie and Connect four and DFS and poker
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  Speaker 1: are for examples of four of the events. You'll get
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  Speaker 1: points for each event that you win, place, show, et cetera.
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  Speaker 1: And then we'll crown a gold medal winner at the
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  Speaker 1: end of the Gambling Olympics. So it's pretty similar and
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  Speaker 1: we're pretty confident that one day it will be bigger
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  Speaker 1: than the real Olympics. I have no doubt. Like this
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  Speaker 1: is all generational, right, you know, if you look back,
• 3:36
  Speaker 1: like you know, it took the NFL fifty years from
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  Speaker 1: the time that was founded until like it really became
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  Speaker 1: America's most popular sport e sports like started really in
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  Speaker 1: the nineteen seventies and evolved into something today that is
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  Speaker 1: a massive industry. The Gambling Olympics you know, by the
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  Speaker 1: time we reach uh, what is this year, By the
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  Speaker 1: time we my prediction, I'd like to hear Levitan, Jonathan Bales,
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  Speaker 1: and Peter Jennings uh weigh in on this. My prediction
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  Speaker 1: gambling Olympics is a serious thing that has national television coverage.
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  Speaker 1: I'll take the under on in terms of when this
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  Speaker 1: becomes a nationally televised massive event. I think the way
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  Speaker 1: the future is gonna look as events like this are
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  Speaker 1: gonna be very prominent. And let's face it, this is
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  Speaker 1: something that literally anyone can compete in, and I think
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  Speaker 1: everyone would want to be involved in something like this.
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  Speaker 1: So I agree with you. It's gonna take some time, certainly,
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  Speaker 1: you know, I think we have a good start here,
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  Speaker 1: but long term, I could see athletes, I could see celebrities,
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  Speaker 1: I could see a variety of characters competing in something
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  Speaker 1: like this. So I'll take the under. But I'm glad
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  Speaker 1: you have confidence, Chad, A lot of confidence, my friend. Uh, Levitan,
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  Speaker 1: where are you thing? I actually think that this is
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  Speaker 1: going to be really huge and because of just what
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  Speaker 1: I've seen from the reaction from our audience in the past, right,
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  Speaker 1: like we have done all kinds of things with football
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  Speaker 1: and with dfs. You know, Peter has been on Sports
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  Speaker 1: Center and we have these podcasts and everything, and they're
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  Speaker 1: popular for sure. I don't get any type of reaction
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  Speaker 1: like I get when I play a guy with a
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  Speaker 1: frying pan and people watch. Um, I don't get the
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  Speaker 1: same reaction. Me and Bales run a one mile race
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  Speaker 1: against each other in Florida. That's what really got people talking.
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  Speaker 1: That got everybody excited. Everywhere I go, people are asking
• 5:33
  Speaker 1: me about these props and my strategy and all that.
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  Speaker 1: So yeah, while everybody is doing you know, football content
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  Speaker 1: and stuff like that, Um, this is I think unique
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  Speaker 1: and and I think you're right. It speaks to people
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  Speaker 1: from a generational basis where this is what people are
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  Speaker 1: gonna be interested in the future. So so yeah, you know,
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  Speaker 1: I think is reasonable. And maybe the under is a
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  Speaker 1: is a good bet as well. Yeah, I think, uh
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  Speaker 1: that's uh so. So I think we're all gonna be
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  Speaker 1: dead by then. I don't think we'll will see it happen.
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  Speaker 1: But I think the general trend of like, um, people
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  Speaker 1: sort of having like downside on their beliefs or actions
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  Speaker 1: or things that they want to do is is uh
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  Speaker 1: is something that's happening. That's why we do a lot
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  Speaker 1: of these bets. We do a lot of ridiculous bets,
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  Speaker 1: but we also do UM bets that are good for us.
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  Speaker 1: We have like a no car bet right now, we
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  Speaker 1: have a beer bet. We do a lot of fitness props.
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  Speaker 1: And the reason is because we have downside and we
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  Speaker 1: want to improve our lives. And I think that that
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  Speaker 1: trend of UM implementing downside uh to whatever it is
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  Speaker 1: you are accomplishing your life is something that will happen
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  Speaker 1: more and more, um, you know, over over the next
• 6:47
  Speaker 1: couple of decades. So UM, that's a very earnest answer
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  Speaker 1: about how you guys approach all of these all of
• 6:56
  Speaker 1: these bets in take me through through each of the
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  Speaker 1: events you talked about. For the events that I just
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  Speaker 1: want to frame this for people, like gambling, Olympics, twelve participants,
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  Speaker 1: each person is paying, is buying in at Bucks. There's
• 7:15
  Speaker 1: gonna be twelve of you living in a house for
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  Speaker 1: three days. You're gonna compete in twelve different events. Levitan,
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  Speaker 1: like you said points for win place or show. Give
• 7:25
  Speaker 1: me the twelve events that you're competing and you've named
• 7:28
  Speaker 1: for them. Give me the rest of them really bails
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  Speaker 1: is the one. He's the one who did them all
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  Speaker 1: to make sure that he is the big favorite and
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  Speaker 1: all of them. So all right, here we have we
• 7:36
  Speaker 1: have w NBA buddy. All right, Yes I named the four.
• 7:42
  Speaker 1: They name four that I named where Sports where, DFS,
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  Speaker 1: Poker Connect four and yachtsie all I think pretty skill based.
• 7:48
  Speaker 1: We're also gonna do a crypto portfolio. Everybody's gonna buy
• 7:51
  Speaker 1: one cryptocurrency. Whose ever goes up the most over twenty
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  Speaker 1: four hour period will win. We will also do sports betting,
• 7:58
  Speaker 1: which I think is extremely skill based, as we've shown
• 8:01
  Speaker 1: on the Action Network. Um. We are also going to
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  Speaker 1: do a black jack term in which I actually think
• 8:06
  Speaker 1: if everybody going to play, the optimal blackjack strategy probably
• 8:09
  Speaker 1: has the least amount, but there will be strategy, and um,
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  Speaker 1: how much you've been on a hand and kind of
• 8:14
  Speaker 1: overarching strategy. I think pretty much everybody going though, is
• 8:17
  Speaker 1: well aware of optimal uh blackjack strategy. The one that
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  Speaker 1: I'm the biggest underdog in for sure is beer pong.
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  Speaker 1: I don't know how these meat heads wrote me into
• 8:26
  Speaker 1: doing beer pong, but that that is an event. A
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  Speaker 1: C d C is one of my favorite games. If
• 8:30
  Speaker 1: you guys like to gamble, a c doc with your
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  Speaker 1: friends is one of the most fun games you can play.
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  Speaker 1: Also called posts or between the sheets rock paper scissors.
• 8:38
  Speaker 1: Bails put that in because he considers himself a world
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  Speaker 1: class rock paper scissors player. I've been battling Bails a
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  Speaker 1: lot and that recently and have been getting some wins.
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  Speaker 1: I'm coming in with confidence there. Uh, the second to
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  Speaker 1: last event will be a lot and thinks if you
• 8:52
  Speaker 1: listen to the Three Donkeys podcast, you know what A
• 8:53
  Speaker 1: lot of things has started in live poker, basically just
• 8:56
  Speaker 1: about thinking about how our opponents think instead of like
• 8:59
  Speaker 1: the what the right answer is to a question? And
• 9:02
  Speaker 1: then one that came up with that I think it's
• 9:04
  Speaker 1: interesting is standings predictions. So at the beginning we will
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  Speaker 1: everyone will project what they think the final standings will
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  Speaker 1: be of the gambling Olympics. So there's certainly some DFS
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  Speaker 1: strategy there in terms of be contrarian, whether you want
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  Speaker 1: to bet on yourself, which I would assume you want
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  Speaker 1: to try to get double points. But but yeah, there's
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  Speaker 1: a lot of strategy that goes into that as well.
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  Speaker 1: And so Jennings, uh give us a rundown of the
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  Speaker 1: participants and who they are and sort of how this
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  Speaker 1: community comes together and how it speaks to the pool
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  Speaker 1: of betters that exists that have been yearning for something
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  Speaker 1: like this. Absolutely, I think we have a great cast
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  Speaker 1: and certainly the right types of degenerates and skillful gamblers
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  Speaker 1: involved in the Gambling Olympics. I'll start with my team.
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  Speaker 1: Brandon Adams was one of my first picks, or my
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  Speaker 1: first pick, and Brandon is ex Harvard professor, professional poker player,
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  Speaker 1: professional DFS player, just a brilliant gambler and I think
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  Speaker 1: is one of the favorites in the Gambling Olympics. Also,
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  Speaker 1: Paula Duke of the Action Network might also remember him
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  Speaker 1: from playing Major League Baseball. Got the best athlete in
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  Speaker 1: the field by far on my team. And then black
• 10:17
  Speaker 1: Track Fletcher, also of the Action Network, who I think
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  Speaker 1: just is totally the exact kind of person that you
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  Speaker 1: think of when you think of the Gambling Olympics. On
• 10:27
  Speaker 1: Baal's team, Bales has, uh, did you do with Joey Bills? No,
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  Speaker 1: Joey's on my team, He's on your team. Well, Bales
• 10:36
  Speaker 1: has the oddsmaker filling in. He also has UM tell
• 10:42
  Speaker 1: people who the oddsmaker is, Shawn Corner. He's the official
• 10:45
  Speaker 1: oddsmaker for the Action Network number one. But his sort
• 10:49
  Speaker 1: of what is it like? His predictive lineups the last
• 10:52
  Speaker 1: three years and the best in fantasy sports? Is that
• 10:54
  Speaker 1: what it is? Yeah? So Sean originally was a linesmaker
• 10:58
  Speaker 1: and then transition to working at Stats Inc. And is
• 11:01
  Speaker 1: really focused on projecting players and fantasy sports, in particular football.
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  Speaker 1: And he's been the most accurate predictor of fantasy football
• 11:09
  Speaker 1: and Fantasy pros the last three years and I believe
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  Speaker 1: four out of the last five. So he is incredible
• 11:14
  Speaker 1: at setting odds. He's done things like set odds on
• 11:17
  Speaker 1: DFS Live Finals. Uh. He is a late addition and
• 11:21
  Speaker 1: I think he is right there as the favorite. I
• 11:24
  Speaker 1: also saw on the Twitter machine that he and his
• 11:27
  Speaker 1: wife are playing YACHTSI so he is training. He is
• 11:31
  Speaker 1: certainly working hard UM and I think that that was
• 11:35
  Speaker 1: a great addition for Bales team UM. In addition to
• 11:39
  Speaker 1: that for the Action Networks since he is an officially
• 11:41
  Speaker 1: employee now the best addition to the Action Network. I
• 11:45
  Speaker 1: don't love that he is. He is incredible. I should
• 11:48
  Speaker 1: pull this up to some I have your team left
• 11:50
  Speaker 1: and you have Mooney, you have Joey, and you have
• 11:53
  Speaker 1: Man's Right. Yeah, you didn't mention Matt Brown and Scott Blumstein.
• 11:57
  Speaker 1: Bales also has Scott Blumstein, who won the World Series
• 12:00
  Speaker 1: of Poker last year. Pretty nice hit. He's also an
• 12:03
  Speaker 1: avid DFS player, and a very good DFS player at that.
• 12:06
  Speaker 1: I think he's really really smart and certainly one of
• 12:09
  Speaker 1: the favorites in the Gambling Olympic as well. And then
• 12:11
  Speaker 1: Matt Brown, who has lived in Vegas and done a
• 12:14
  Speaker 1: lot of content around gambling, has experienced in all of
• 12:17
  Speaker 1: these events. Is it really strong contestant as well? On
• 12:21
  Speaker 1: Adam Levittan's team is Michael Mooney, who is doing a
• 12:24
  Speaker 1: story on this. I think Michael is going to be
• 12:27
  Speaker 1: a really really good contestant. He's played poker professionally in
• 12:31
  Speaker 1: the past. Uh. He's a great guy and I think
• 12:34
  Speaker 1: he'll do extremely well. He has Pete Mansonelli, a k
• 12:37
  Speaker 1: the man's who's training probably harder than anyone. He is
• 12:41
  Speaker 1: the inventor of a physical cryptocurrency. He is a runner
• 12:45
  Speaker 1: up finisher in the first ever bro Athalon, and I
• 12:48
  Speaker 1: think he might be the biggest grinder in the field
• 12:51
  Speaker 1: and finally has Joey Ingram, famous podcaster and poker player
• 12:56
  Speaker 1: who is no stranger to prop bets and certainly should
• 12:59
  Speaker 1: be a really fun gay uh in, a really fun
• 13:01
  Speaker 1: contestant in this event. Alright, So, UM, I have so
• 13:07
  Speaker 1: many questions from this. Let's go back to bails for
• 13:10
  Speaker 1: a second, because you said something that was really interesting
• 13:14
  Speaker 1: me and like, to me, this thing could all could
• 13:16
  Speaker 1: all be folly right, Like you can make this whole
• 13:18
  Speaker 1: thing funny, and I'm sure we will. We're gonna have
• 13:20
  Speaker 1: Matthew Freedman from the Action Network who's on site, like
• 13:24
  Speaker 1: doing a live blog. You guys are all gonna be
• 13:26
  Speaker 1: tweeting NonStop, not just you guys, but like everybody there
• 13:30
  Speaker 1: is gonna be tweeting NonStop and sort of sharing the
• 13:32
  Speaker 1: highlights of it. But he said something really interesting like
• 13:37
  Speaker 1: betting up, like having downside in these things. And you
• 13:41
  Speaker 1: guys do a podcast called Three Donkeys, and um, you
• 13:45
  Speaker 1: guys have really in depth conversations about the psychology and
• 13:52
  Speaker 1: management of risk in betting. So why do you think
• 13:56
  Speaker 1: that is becoming bails more and more popular for people
• 14:00
  Speaker 1: to talk about and want to invest in personally? Um? Yeah,
• 14:07
  Speaker 1: I think it's uh be something more popular because it's
• 14:10
  Speaker 1: the greatest possible motivator for you to do things that
• 14:15
  Speaker 1: you want in your life. I've seen a lot of uh,
• 14:18
  Speaker 1: like weight loss sites pop up that sort of like
• 14:22
  Speaker 1: pit you against someone else and you need to track
• 14:24
  Speaker 1: your weight and you can bet actual money on it. Um.
• 14:28
  Speaker 1: And I think I saw a study where if you
• 14:31
  Speaker 1: post something online, like on social media about something you're
• 14:34
  Speaker 1: going to do, you're like almost infinitely more likely to
• 14:38
  Speaker 1: do that thing, um, whether it's lose weight or eat
• 14:41
  Speaker 1: better or whatever it is. Um. And so I think
• 14:44
  Speaker 1: that uh, in general, people are becoming more aware of
• 14:49
  Speaker 1: uh yeah, just general psychology around what motivates them and
• 14:54
  Speaker 1: uh and trying to sort of leverage that to make
• 14:58
  Speaker 1: their lives better. And what do you expect to happen
• 15:03
  Speaker 1: when you get out there? Like if you're predicting right now, Levitan,
• 15:08
  Speaker 1: who is going to be Like, who's going to be
• 15:13
  Speaker 1: the one who's doing so much worse than you could
• 15:15
  Speaker 1: have possibly imagined? Uh? You know, one of the things
• 15:19
  Speaker 1: I thought about when I was making my team was
• 15:21
  Speaker 1: guys who are gonna take it super serious? Right? So
• 15:23
  Speaker 1: I could see some guys going out there. Maybe I
• 15:25
  Speaker 1: shouldn't name names, but they're gonna be drinking, they're gonna
• 15:27
  Speaker 1: be partying there in Vegas. We have this ridiculous house.
• 15:30
  Speaker 1: I wanted all heart on my team, right, so, uh,
• 15:34
  Speaker 1: to that end, I think that the man's is gonna
• 15:36
  Speaker 1: be all hard. I think Joe Ingraham has a very
• 15:39
  Speaker 1: good record in prop betting, he's all hard. And then
• 15:41
  Speaker 1: Michael Mooney, who wrote the American Sniper book, and then
• 15:44
  Speaker 1: it's following it up by writing about this, which you
• 15:47
  Speaker 1: know is obviously questionable. But that said, I think he's
• 15:50
  Speaker 1: gonna be all hard too. So I like that a
• 15:52
  Speaker 1: lot from my team. I didn't want anybody who's gonna
• 15:55
  Speaker 1: be you know, drunk and partying. We're in it to
• 15:57
  Speaker 1: win it, baby, So so yeah, there's a decent amount
• 15:59
  Speaker 1: of money in the line, and uh, I think that's
• 16:01
  Speaker 1: gonna be a deciding factors motivation. What what is the
• 16:06
  Speaker 1: total amount that's going to be in the pool a man?
• 16:10
  Speaker 1: So thirty K total prize pool and how is the
• 16:13
  Speaker 1: price pool broken up for the individual? It is ten k,
• 16:17
  Speaker 1: the first six k, a second, four K to third,
• 16:20
  Speaker 1: and then the winning team will get tank to be
• 16:22
  Speaker 1: divided amongst themselves. That's why you have the team. That's
• 16:26
  Speaker 1: what I was gonna ask, Like, what's the purpose of
• 16:28
  Speaker 1: having the teams? Yeah, I think having a team component,
• 16:32
  Speaker 1: just like you would in the real Olympics. You know, Yeah,
• 16:34
  Speaker 1: the Olympians compete for the United States on the stage
• 16:37
  Speaker 1: for themselves, but also they're competing for their country, and
• 16:40
  Speaker 1: in this case, their country is Team Levitan, Team bails In,
• 16:43
  Speaker 1: Team Team Gettings, And it's a lot of pride. There's
• 16:46
  Speaker 1: pride on the line here. Yeah, I mean a lot
• 16:49
  Speaker 1: of these guys in it are super rich, right, you
• 16:52
  Speaker 1: know hashtag how rich that that's not a lot, But
• 16:54
  Speaker 1: I think pride is going to motivate certain guys to
• 16:57
  Speaker 1: to bigger degrees than others. Though, for sure Jennings, who
• 17:01
  Speaker 1: is the richest person competing in the gambling Olympics. Wow,
• 17:05
  Speaker 1: that's a really tough question, um right, my deests. Actually,
• 17:11
  Speaker 1: it's it's a hard thing. I think the person who
• 17:13
  Speaker 1: definitely is going to be willing to invest the most
• 17:16
  Speaker 1: on different props and maybe side action is Brandon Adams.
• 17:19
  Speaker 1: I mean, that's a clear cut favorite. He just played
• 17:22
  Speaker 1: a three thousand dollar poker tournament about a month ago.
• 17:26
  Speaker 1: He's played extremely high stakes tennis, plays as high stakes
• 17:29
  Speaker 1: as anyone in DFS. But Paul Duca is also in
• 17:33
  Speaker 1: the major leagues for a long time, and if you
• 17:35
  Speaker 1: you can look up the salary that he made, so um,
• 17:38
  Speaker 1: those would be my my two leaders. And then also
• 17:41
  Speaker 1: I guess Scott he just won seven or eight million
• 17:43
  Speaker 1: dollars in the World Series of Poker as well. So, uh,
• 17:46
  Speaker 1: there's some affluent people in this. Uh. In the gambling
• 17:49
  Speaker 1: Olympics here, all right, so let me go down the line, Bails,
• 17:52
  Speaker 1: I'll start with you. What is your threshold for the
• 17:56
  Speaker 1: highest limit you would bet on side action in at
• 18:01
  Speaker 1: the Gambling Olympics. Um. It would depend on what I
• 18:06
  Speaker 1: think my edges. So if I think I got some
• 18:09
  Speaker 1: like really good ridiculous that, um it's I would bet
• 18:17
  Speaker 1: a lot. I think interla. If it's something that's sort
• 18:21
  Speaker 1: of random R like rock paper sisters or something, UM,
• 18:26
  Speaker 1: I don't know, I would play. I would play anyone
• 18:27
  Speaker 1: if the if the sample are big enough, if we
• 18:29
  Speaker 1: were throwing like a hundred, like best of a hundred
• 18:32
  Speaker 1: one or something, I might do like I don't know,
• 18:37
  Speaker 1: K or fifty K or something like that. You would
• 18:40
  Speaker 1: do fifty k on a side action bet at the
• 18:42
  Speaker 1: Gambling Olympics. Yeah, that's actually an offer if anyone wants it.
• 18:47
  Speaker 1: That's of a hundred one though, that's of a hundred one.
• 18:51
  Speaker 1: What is the first rock papers rock paper scissions? Okay
• 18:58
  Speaker 1: you would do? Oh my god? Is it? Levitaner Jennings?
• 19:02
  Speaker 1: Are either of you taking Bails up on his best
• 19:07
  Speaker 1: of a hundred wins rock paper scissors for fifty grand?
• 19:13
  Speaker 1: This is like Bail's specialty, Like you're you're underselling how
• 19:17
  Speaker 1: good he thinks he is in this. I'm not sure
• 19:19
  Speaker 1: that he is that big of a favorite against competent
• 19:22
  Speaker 1: rock paper scissors like myself and Peter. But to his point,
• 19:26
  Speaker 1: I think, you know, like if somebody wanted to play
• 19:27
  Speaker 1: me and Connect four who hadn't played since they were
• 19:30
  Speaker 1: four years older, so you know that there would be
• 19:33
  Speaker 1: I would be such a big favorite that I would
• 19:34
  Speaker 1: also be want to play for a lot of money.
• 19:37
  Speaker 1: We've been in the lab on unconnect for running sims
• 19:39
  Speaker 1: and stuff like that. We're ready to go there, and
• 19:41
  Speaker 1: I think there's actually a lot of strategy in that game.
• 19:43
  Speaker 1: So to me, Connect four I think is the one
• 19:45
  Speaker 1: where you can actually generate the biggest edge against somebody,
• 19:47
  Speaker 1: so there be some some side action there for sure
• 19:51
  Speaker 1: to be had if I thought that the person hadn't
• 19:53
  Speaker 1: really played since they were a kid. All right. You
• 19:55
  Speaker 1: didn't answer the question though, Uh, which is are you
• 19:59
  Speaker 1: willing to take bails fifty k side action bet on
• 20:04
  Speaker 1: rock paper scissors? No? Thank you? Even if it was
• 20:07
  Speaker 1: fifty you know, I wouldn't. I wouldn't go even if
• 20:10
  Speaker 1: I thought I was a chance against bales. You know,
• 20:12
  Speaker 1: fift K wouldn't be smart in obviously. And what is
• 20:16
  Speaker 1: the most you'd be willing to do side action on
• 20:19
  Speaker 1: for connect four? Uh? If I had it down for
• 20:24
  Speaker 1: sure that the person had in plate since they were
• 20:25
  Speaker 1: four years old, yeah, you know, I don't know thirty
• 20:29
  Speaker 1: k something like that. I mean it's really a simple
• 20:32
  Speaker 1: like math problem, like you know, how much money do
• 20:35
  Speaker 1: you have? How big is your edge? And then just
• 20:37
  Speaker 1: go from there, all right, Jennings two questions, then three questions.
• 20:43
  Speaker 1: One are you willing to take bails on for fifty
• 20:49
  Speaker 1: k in Rock paper scissors for side action at the
• 20:52
  Speaker 1: Gambling Olympics starting July nine? Find coverage on Action network
• 20:56
  Speaker 1: dot com. I would not take at that bet with
• 21:00
  Speaker 1: bails unless I was given a price. If I was
• 21:03
  Speaker 1: given say plus one ten or one fifteen, meaning that
• 21:06
  Speaker 1: he'd have to risk his fifty five thousand to my fifty,
• 21:10
  Speaker 1: I would be interested in that bet. Although one thing
• 21:12
  Speaker 1: that I think is is very important to think about
• 21:14
  Speaker 1: in general with my friends, I try to keep the
• 21:18
  Speaker 1: units a lot lower than I would in something that
• 21:21
  Speaker 1: I'm really trying to make money, and like, for example,
• 21:23
  Speaker 1: in DFS, I'd be happy to risk fifty thousand UM
• 21:27
  Speaker 1: if I thought I had a solid r O. I first,
• 21:30
  Speaker 1: my friends would be much more hesitant just because of
• 21:31
  Speaker 1: the figure with good with good buddies. Alright, so would
• 21:36
  Speaker 1: you do thirt k with Levitan and connect four? I
• 21:42
  Speaker 1: think we've both been in the lab, so it's a
• 21:44
  Speaker 1: it's a solved game ultimately. I don't want to give
• 21:49
  Speaker 1: away too much, but it sounds like Levitan is really grinding.
• 21:51
  Speaker 1: So I would be very hesitant to do thirty thousand
• 21:54
  Speaker 1: verst Levitan and connect for all, right, what is your
• 21:58
  Speaker 1: max side action at? And then what event that you're
• 22:02
  Speaker 1: willing to proposition your fellow gambling Olympics participants in So
• 22:09
  Speaker 1: I like DFS and sports betting a lot. I think
• 22:12
  Speaker 1: those would be the two events that I think I
• 22:14
  Speaker 1: have a pretty decent edge, especially for some of the
• 22:16
  Speaker 1: opponents in the field. And yeah, I mean if I,
• 22:20
  Speaker 1: if there's the right person, I would be approaching a
• 22:22
  Speaker 1: six figure beat for sure. That's that that would be
• 22:24
  Speaker 1: kind of my threshold if I thought I had the
• 22:26
  Speaker 1: right r O I. And again Levitan broke it down
• 22:29
  Speaker 1: really well. It comes down to what you're expected, our
• 22:31
  Speaker 1: oy is and then basically taking what percentage your bankroll
• 22:34
  Speaker 1: you're willing to risk UH in that scenario. So I
• 22:37
  Speaker 1: think in in DFS in particular, if we're talking like
• 22:40
  Speaker 1: obviously going to be baseball in w n b A,
• 22:44
  Speaker 1: my edge is smaller than it would be saying like
• 22:45
  Speaker 1: the NBA, but there's still certain opponents where I would
• 22:48
  Speaker 1: be willing to make a really big bet in that game.
• 22:50
  Speaker 1: So you do. So this is great. In the span
• 22:53
  Speaker 1: at ten minutes, we now have close to two grand
• 22:55
  Speaker 1: on the table inside action bets alone. Forget about the
• 22:59
  Speaker 1: thirty that you guys are that the group is collective,
• 23:02
  Speaker 1: we're putting in you'll do almost six figures in sort
• 23:04
  Speaker 1: of DFS or sports betting. Levitan will do thirty k
• 23:08
  Speaker 1: in connect four and Bales will do fifty k and
• 23:12
  Speaker 1: rock paper scissors. I feel like we need to collect
• 23:15
  Speaker 1: all this information, create more content out of it and
• 23:17
  Speaker 1: post it as like the side action bets that are
• 23:21
  Speaker 1: already underway or are offered um in the gambling Olympics.
• 23:27
  Speaker 1: Oh yeah, and Brandon Adams again, he is the king
• 23:30
  Speaker 1: of side bets, so I think that could be someone
• 23:33
  Speaker 1: to to really monitor in terms of throwing down some
• 23:36
  Speaker 1: some interesting action. There's there's actually already already articles on
• 23:40
  Speaker 1: Action Network about some of the side action. There's the
• 23:43
  Speaker 1: one about my double bagel tennis bet against Brandon. Peter
• 23:46
  Speaker 1: and Baal's have the pull up bet. There's an article
• 23:50
  Speaker 1: about the Burro athlon up on Action Network. So we
• 23:53
  Speaker 1: have we have Peter over under fifty and a half
• 23:56
  Speaker 1: made three pointers, so we already have some some good
• 23:58
  Speaker 1: side action going. For sure? Did we list the money
• 24:00
  Speaker 1: amounts in those? Like I'm on the site and I
• 24:02
  Speaker 1: remember going through those, and I don't remember the money.
• 24:06
  Speaker 1: I don't believe we did, but it's fine by me
• 24:09
  Speaker 1: if we do. I think we need to what what
• 24:12
  Speaker 1: what are the money? What are the money totals? People
• 24:13
  Speaker 1: want to know the money, That's what makes the betting interesting. Uh,
• 24:19
  Speaker 1: it's not that big. So the double bagel against Brandon Adams,
• 24:22
  Speaker 1: I have fifteen hundred. Uh, the bro Athlon, I believe
• 24:27
  Speaker 1: it's two k to the winner. The fifty nine and
• 24:32
  Speaker 1: a half three pointers for Peter, I have a thousand.
• 24:35
  Speaker 1: I believe Peter may have given a couple of a
• 24:37
  Speaker 1: couple of other people some action on that as well.
• 24:39
  Speaker 1: And then I'm not sure what Peter and Bales have
• 24:41
  Speaker 1: on the pull up. That if two thousand on the
• 24:43
  Speaker 1: pull up, that between Bales and I I'm getting plus
• 24:46
  Speaker 1: seventeen and a half and Chad. One thing, if you
• 24:48
  Speaker 1: ever get involved in this stuff, I'd be very cautious
• 24:51
  Speaker 1: to do any sort of physical, uh, anything that would
• 24:55
  Speaker 1: involve strength with Jonathan Bales. He is nicknamed the Hulk.
• 25:00
  Speaker 1: And you say that as if I've never seen Jonathan
• 25:04
  Speaker 1: Bale spoken, Jonathan Bale spoken to Jonathan Bales or shaking
• 25:07
  Speaker 1: his hand like the guy can barely lift his shoulders
• 25:11
  Speaker 1: because his arms are so big. Yeah, it's pretty easy
• 25:14
  Speaker 1: to tell. The thing that we're kind of glossing over
• 25:17
  Speaker 1: here is it's all about opponents, right, Like a lot
• 25:19
  Speaker 1: of these side bets are against really sharp people like
• 25:21
  Speaker 1: I would never bet thirty k against Brandon or Peter
• 25:24
  Speaker 1: and or Bales and anything, because I know they're super
• 25:27
  Speaker 1: sharpen and they were they were going to bet that much,
• 25:29
  Speaker 1: they would be extremely prepared. When you say how much
• 25:31
  Speaker 1: would I play CONNECT for against somebody for it's all
• 25:34
  Speaker 1: about the opponent. That's just like everything in gambling. You know,
• 25:36
  Speaker 1: you're only as good as the person you're playing against.
• 25:38
  Speaker 1: You know, it's like, uh, certain people are really good
• 25:41
  Speaker 1: at high school basketball or something, and then all of
• 25:43
  Speaker 1: a sudden they go to college and they can't play.
• 25:45
  Speaker 1: You know, It's just all about opponents, just like a
• 25:46
  Speaker 1: lot of things in life. What do you mean you've
• 25:48
  Speaker 1: been in the lab? Would Connect four? So I don't
• 25:52
  Speaker 1: want to give too much away, but there has been
• 25:54
  Speaker 1: a lot written about optimal connect for strategy. There's an
• 25:57
  Speaker 1: M I T paper out there. I know some people
• 25:59
  Speaker 1: have read. And then there's some apps you can run
• 26:01
  Speaker 1: UM and play the computer and stuff like that and
• 26:03
  Speaker 1: kind of see what you should be doing and where
• 26:06
  Speaker 1: you should be going in certain situations, and you know,
• 26:08
  Speaker 1: setting up traps and just having a strategy just like
• 26:10
  Speaker 1: you would with any other strategy game. And people think
• 26:13
  Speaker 1: connect for is super simple. It's not. Um, it's actually
• 26:16
  Speaker 1: pretty deep and you do have to think a few
• 26:17
  Speaker 1: moves ahead. I'm pausing because the level of depth and uh,
• 26:28
  Speaker 1: some would say insanity that this has gotten to where
• 26:32
  Speaker 1: you're in the lab practicing connect for and willing to
• 26:35
  Speaker 1: bet someone thirty k on your connect for ability. A
• 26:39
  Speaker 1: lot of people listening to this would think, oh my god,
• 26:42
  Speaker 1: that's crazy, or they think, oh my god, these guys
• 26:44
  Speaker 1: are the coolest guys in the world. Um, but honestly
• 26:49
  Speaker 1: speaks to everything that we're trying to do, right, like Bails,
• 26:52
  Speaker 1: Is this not everything that sort of is interesting about
• 26:56
  Speaker 1: starting a company like the Action Network and then doing
• 26:58
  Speaker 1: the gambling Olympics. Yeah, of course it is. The This
• 27:03
  Speaker 1: is obviously the best part in the accent. It's just insanity.
• 27:08
  Speaker 1: So all in Bales, Levitan and Jennings Bales will start
• 27:15
  Speaker 1: with you. Um, other than what is the total amount
• 27:22
  Speaker 1: of action you will have at stake at the gambling Olympics. Um,
• 27:28
  Speaker 1: it's so tough to tell. I think that most of
• 27:30
  Speaker 1: it will um uh go down one way there, Peter
• 27:35
  Speaker 1: b a brand Adam but focus going to found a
• 27:38
  Speaker 1: lot of the side action I know I'm very confident
• 27:42
  Speaker 1: I'll have a lot more side action than the buy
• 27:45
  Speaker 1: in for the gambling Olympics. Um. I already have a
• 27:50
  Speaker 1: bunch of other side best side bets, which Levital and Munson.
• 27:54
  Speaker 1: But um, it's so tough to tell it really kind
• 27:57
  Speaker 1: of like Levitan put it, sounds on the opponent. I'm
• 28:00
  Speaker 1: not gonna um that a huge amount of money again,
• 28:03
  Speaker 1: someone that I think is like equal to me and
• 28:06
  Speaker 1: something I wouldn't bet Levitan and Connect for something. But
• 28:10
  Speaker 1: you know, like you said, I if uh, if I
• 28:12
  Speaker 1: could get action against someone who has a plate connect floor,
• 28:15
  Speaker 1: then uh, it could potentially be a huge bet. Another
• 28:19
  Speaker 1: thing to consider is um getting paid. So we know
• 28:24
  Speaker 1: each other, we trust each other. Um. You know, you
• 28:26
  Speaker 1: put a lot of plates in the offensive of the
• 28:31
  Speaker 1: of the person of people that you're betting against to
• 28:33
  Speaker 1: get paid. So that's that's a huge factor. So sometimes
• 28:36
  Speaker 1: getting action um where you think you have an edge
• 28:39
  Speaker 1: but you also trust the person to pay can be
• 28:42
  Speaker 1: the biggest limiting factor. And getting and getting some of
• 28:45
  Speaker 1: these side best downe Alright, Levitan, how much side action
• 28:49
  Speaker 1: are you gonna have an addition to your buying Yeah,
• 28:51
  Speaker 1: I'm looking at my sheet right now, looks like I
• 28:53
  Speaker 1: have ninety three hundred inside action going into the going
• 28:57
  Speaker 1: into the event, and maybe I'll get some more while
• 29:00
  Speaker 1: him out there. But we'll see. We got we got
• 29:01
  Speaker 1: a full plate, we have it. We got a full
• 29:03
  Speaker 1: full schedule out there, so we'll see what's going on.
• 29:05
  Speaker 1: Plus you've got thirty grand that you're willing to take
• 29:07
  Speaker 1: and connect four Bales has fifty grand, he's willing to
• 29:10
  Speaker 1: take on Rock paper scissors. Uh. Jennings, who's gonna go next,
• 29:15
  Speaker 1: has close to a hundred grand he's willing to take
• 29:18
  Speaker 1: in sports betting or DFS. What else is your side action? Uh?
• 29:24
  Speaker 1: Budget look like Yeah, I think I'm around the same
• 29:27
  Speaker 1: number as Levitan, just a little bit less and and
• 29:30
  Speaker 1: booked action already. And again we we've emphasized a lot.
• 29:33
  Speaker 1: It's gonna come down to the opponent. Um. There's there's
• 29:36
  Speaker 1: certain people I absolutely would not play in DFS um
• 29:39
  Speaker 1: for a large amount of money, but there's certain people
• 29:41
  Speaker 1: that I am interested to do that. We talked about
• 29:44
  Speaker 1: playing some ping pong. There's always golf props, So I
• 29:48
  Speaker 1: imagine I'll end up having a lot more action than
• 29:50
  Speaker 1: what I currently do have. But it's gonna come down to,
• 29:53
  Speaker 1: uh kind of what's offered. And that's the joy of
• 29:55
  Speaker 1: this entire process is getting you know, twelve grade guys.
• 29:59
  Speaker 1: I think we're all uh, there's a high trust factor
• 30:02
  Speaker 1: amongst everyone. And over the three days, with all the
• 30:05
  Speaker 1: different events and the wins and losses that people experience,
• 30:08
  Speaker 1: I imagine the action will really be flowing. So I
• 30:10
  Speaker 1: have to be strategic and really try to find the
• 30:13
  Speaker 1: best spots and have as much fun as possible. Alright,
• 30:16
  Speaker 1: So I love the Gambling Olympics. Follow it all. July
• 30:19
  Speaker 1: nine to eleven, the boys will be in Vegas with
• 30:22
  Speaker 1: nine other guys, all of whom whom have been mentioned
• 30:25
  Speaker 1: in the podcast. Also listen to the Three Donkeys podcast.
• 30:28
  Speaker 1: It's crazy, fun, crazy, smart um and it speaks to
• 30:33
  Speaker 1: like everything that that is interesting about people who bet
• 30:36
  Speaker 1: on sports and the psychology of betting on sports and
• 30:38
  Speaker 1: betting on life generally. Uh. In honor of the Three
• 30:42
  Speaker 1: Donkeys podcast, I want to play one game of a
• 30:45
  Speaker 1: lot and things which Levitan you refer to when it's
• 30:48
  Speaker 1: basically this game where you throw out a proposition and
• 30:52
  Speaker 1: you ask people to give you the answer of what
• 30:57
  Speaker 1: they believe the total number of this proposition is there
• 31:00
  Speaker 1: is no right answer. It's entirely based on um, how
• 31:05
  Speaker 1: you think I would be thinking about this particular proposition. So, like,
• 31:12
  Speaker 1: I remember once we played this game and it was
• 31:15
  Speaker 1: how many insects do you think there are in the
• 31:17
  Speaker 1: state of Kansas? And I think we put the total
• 31:19
  Speaker 1: at like a million or something like that. So here's
• 31:24
  Speaker 1: what I'm gonna ask. Uh, Lebron James signed with the
• 31:28
  Speaker 1: Los Angeles Lakers yesterday. Uh, how many people in the
• 31:32
  Speaker 1: world today hate Lebron James for signing with the Los
• 31:39
  Speaker 1: Angeles Lakers? Now, do I need to give you a
• 31:42
  Speaker 1: number so you can you can ask it to yourself, Chad.
• 31:45
  Speaker 1: We can have you be the person we're trying to guess,
• 31:47
  Speaker 1: so you can write down the number and then Levitan
• 31:50
  Speaker 1: and I can try to guess what you think. All right,
• 31:53
  Speaker 1: I got a number in my head. Can we define hate, Chad?
• 31:56
  Speaker 1: Because you know there could be dislike there could be
• 31:59
  Speaker 1: there could be a lot of fact is here visceral hatred?
• 32:02
  Speaker 1: They would go on to Twitter and say, I think
• 32:05
  Speaker 1: he's a bum. How many people would go on to
• 32:07
  Speaker 1: Twitter and say if they all had access to Twitter
• 32:11
  Speaker 1: or we're all on Twitter. I think he's a bum
• 32:14
  Speaker 1: and I hate him. And this is all the people
• 32:17
  Speaker 1: on Earth, Chad that know of Lebron James, all the
• 32:20
  Speaker 1: people on Earth. Bales go first. I'm going to say, um, uh,
• 32:29
  Speaker 1: twenty million. Interesting. Interesting. I can go next, So I'll
• 32:35
  Speaker 1: let you go last, Levy, I will. I will say
• 32:39
  Speaker 1: a hundred and fifteen million. Wow. Yeah. The object of
• 32:46
  Speaker 1: this game is to get into the person's head who's
• 32:48
  Speaker 1: answering the question. Obviously, I think Chad hasn't in his
• 32:51
  Speaker 1: head that a lot of people hate Lebron, so I
• 32:53
  Speaker 1: said ninety million, which I actually think is higher than
• 32:56
  Speaker 1: the real answer. But I said ninety million. That was
• 32:58
  Speaker 1: my thing. I think Chad thinks a lot of people
• 32:59
  Speaker 1: hate I would say that the winner is Jonathan Bales.
• 33:04
  Speaker 1: I said it at fifteen million. Yeah, that's not a
• 33:09
  Speaker 1: lot of people, considering how people there are in the world.
• 33:11
  Speaker 1: I know, but I don't think that many people hate
• 33:13
  Speaker 1: him anymore. That's my point. Yeah, that was exactly. Listen, everybody,
• 33:24
  Speaker 1: keep track of the gambling Olympics. UM follow it all
• 33:28
  Speaker 1: on Action Network dot com. Keep track of what these
• 33:31
  Speaker 1: guys are doing at Bales Football at CSU RAM right, Jennings.
• 33:39
  Speaker 1: Is that what it is? Correct? Levitan? Give me your
• 33:42
  Speaker 1: Twitter handle because I can't look it up fast enough.
• 33:45
  Speaker 1: Adam Levitan, just my name, all one word, all of
• 33:48
  Speaker 1: you can find them uh on the Action Network Action
• 33:52
  Speaker 1: network dot com slash Gambling hyphen Olympics. It's gonna be
• 33:55
  Speaker 1: freaking phenomenal um and we'll be tracking it all and
• 33:59
  Speaker 1: listen to three monkeys. Subscribe to the buffet, than unsubscribe,
• 34:04
  Speaker 1: than resubscribe, then write how much you like it at
• 34:08
  Speaker 1: the iTunes page for the buffet rate review, etcetera, etcetera. Bellas,
• 34:14
  Speaker 1: thanks for joining. Great stuff. Good luck at the Gambling
• 34:16
  Speaker 1: Olympics starting next week a week from today. Enjoy. Thanks
• 34:21
  Speaker 1: Thanks John, Thanks