Latest / The Favorites Sports Betting Podcast / Gambling: America's True National Pastime with Author David Bockino
Transcript
- 0:09Speaker 1: Welcome to the Favorites presented by Draft Kings. The crown
- 0:13Speaker 1: is yours. We are an Action Network podcast. I'm Brandon
- 0:16Speaker 1: Kravitz to your host. Back at it with my people,
- 0:19Speaker 1: the Prime Minister of DJEN Nation, Stucky, and the first
- 0:22Speaker 1: Lady of the pod, Kendra Middleton. Evan Abrams Statshound on
- 0:26Speaker 1: with us as well. This podcast is leveling up the intelligence.
- 0:31Speaker 1: Today we're talking to an author, the author of the
- 0:35Speaker 1: book over Under an Unexpected History of Sports Betting, looking
- 0:39Speaker 1: forward to that. Stucky has already read this cover to cover,
- 0:43Speaker 1: but let's check in with the crew. First and foremost, Kendra,
- 0:47Speaker 1: back from Turks and Caicos again. Find a show that
- 0:51Speaker 1: is better traveled than this one.
- 0:54Speaker 2: How was it?
- 0:55Speaker 3: I am kind of offended that nobody commented that I
- 0:59Speaker 3: am Tanna's hell, so just saying it was great.
- 1:02Speaker 4: I swam with.
- 1:03Speaker 3: Two sharks, a dolphin, a sea turtle. My travel back
- 1:07Speaker 3: was really shitty, but other than that, it was awesome.
- 1:10Speaker 3: I have nothing to complain about. It was probably top
- 1:12Speaker 3: three place I've ever been. I've never seen such clear water.
- 1:15Speaker 3: It was really expensive, but it in transportation was a
- 1:18Speaker 3: pain in the ass, but it was awesome.
- 1:22Speaker 2: This spur of the moment, or did you have this planned?
- 1:24Speaker 3: Because we we booked like a boat for a day
- 1:28Speaker 3: for like our crew, and we went snorkeling, and they
- 1:31Speaker 3: took us to a reef where we could snorkel.
- 1:33Speaker 4: With sharks and stuff, and a couple of the members
- 1:37Speaker 4: of the group were nervous, but I was like.
- 1:38Speaker 3: See yawn, I just hopped in and me and Bruce
- 1:41Speaker 3: hung out.
- 1:43Speaker 1: Is that is that a place that's in the hat
- 1:45Speaker 1: that you and your wife have stuck you?
- 1:48Speaker 5: No, not yet, but maybe one day.
- 1:52Speaker 4: It was good. I liked it a lot. Highly recommend
- 1:56Speaker 4: takes a lot of place.
- 1:57Speaker 1: I haven't heard a lot of bad press from at
- 2:01Speaker 1: least the vacationing parties at Turks and Keikos a very
- 2:05Speaker 1: popular place.
- 2:06Speaker 2: For those that want to get away.
- 2:07Speaker 1: A bit of a damper on the trip, though, is
- 2:09Speaker 1: I'm sure that you were sad as we all were,
- 2:12Speaker 1: to come home to a nation that just.
- 2:13Speaker 2: Got booted from the World Cup.
- 2:15Speaker 1: For one we lose at the hands of Belgium. Just
- 2:20Speaker 1: a flurry of blunders and missed opportunities. Everyone on the
- 2:24Speaker 1: team seemed to step off. Was it pressure, was it
- 2:28Speaker 1: presidential distraction? Or did we just simply overrate this team.
- 2:34Speaker 1: I'm still trying to sort through all of that, Kendra or.
- 2:37Speaker 4: Learn so many thoughts about this.
- 2:39Speaker 3: I would like justice for Sebastian Bearhalter and Geo Reina.
- 2:43Speaker 3: Gio Reiner should have been incorporated in this lineup a
- 2:46Speaker 3: lot more than he was. I would say Matt Freeze
- 2:49Speaker 3: is an idiot. I would say Belgium, if you watch soccer,
- 2:52Speaker 3: had the better roster, but Team USA did not play
- 2:54Speaker 3: the caliber of football that they have been playing throughout
- 2:57Speaker 3: the majority of this tournament. Every but he was scared
- 3:00Speaker 3: of the ball. They got bullied off the ball, just
- 3:02Speaker 3: stupid plays from people. Christian Polisic was supposed to be
- 3:05Speaker 3: like the second coming of Jesus Christ.
- 3:07Speaker 4: He was nowhere to be found.
- 3:09Speaker 3: His post game interviews about how now he gets to rest.
- 3:12Speaker 4: Pissed me off so bad.
- 3:15Speaker 3: Could you imagine like an NFL player going out there
- 3:18Speaker 3: and saying something like that after losing, you know, in
- 3:21Speaker 3: the postseason in December.
- 3:23Speaker 4: Absolutely not. They played like a bunch of pussies.
- 3:26Speaker 3: And we need a new We need new center backs,
- 3:29Speaker 3: we need goalies. The lack of goalkeeping that the US
- 3:32Speaker 3: has produced other than Tim Howard is just insane and
- 3:36Speaker 3: making travel soccer so expensive for kids is not going
- 3:38Speaker 3: to make our issues go away. I just am bewildered
- 3:43Speaker 3: by this. This team needs to be held accountable. Stop
- 3:45Speaker 3: making excuses for them on the internet. It was just horrific.
- 3:49Speaker 4: There's no excuse for it.
- 3:52Speaker 1: Thinking some young way coup references to our goalie. Yeah, sure,
- 3:56Speaker 1: just a complete blunder. But here's the thing, there's no
- 4:00Speaker 1: one thing of all of those excuses that people have.
- 4:04Speaker 1: And there are those, of course, because this was made
- 4:07Speaker 1: a political story that are blaming the pressure that was
- 4:10Speaker 1: put on the team from the president and then the
- 4:13Speaker 1: controversy that surrounded it, and perhaps that motivating the opponent
- 4:16Speaker 1: didn't help. But we live in a world of power
- 4:20Speaker 1: ratings and statistical analysis. What is that worth a goal?
- 4:26Speaker 1: They would still have won three to one if we're saying, okay,
- 4:29Speaker 1: the distraction is worth a goal for the opposition. Team
- 4:32Speaker 1: USA was dominated and I just think that maybe this
- 4:36Speaker 1: comes down to overall quality. Evan Abrams, who is here
- 4:40Speaker 1: with us, put out a stat yesterday on Twitter that
- 4:43Speaker 1: I think is fascinating. It is something that most of
- 4:45Speaker 1: us that don't watch soccer on a regular basis and
- 4:48Speaker 1: got caught up in the hype of team USA would
- 4:51Speaker 1: not have been aware of Evan.
- 4:52Speaker 2: Can you share the.
- 4:53Speaker 1: I believe it's a power rating or a FIFA ranking
- 4:57Speaker 1: of the difference between these two squad odds in USA
- 5:00Speaker 1: and Belgium.
- 5:01Speaker 5: Yeah, what's up, guys?
- 5:03Speaker 6: I mean judging two teams in international play is a
- 5:05Speaker 6: little bit difficult in general. Like you have odds, which
- 5:08Speaker 6: only goes back so far, you have FIFA rankings, and
- 5:11Speaker 6: you have something called ELO ratings, so FIFA goes back
- 5:14Speaker 6: to like ninety four e logos basically forever.
- 5:17Speaker 7: But rankings are just rankings obviously. But Belgium was plus
- 5:21Speaker 7: eight in FIFA rankings versus the US in that game.
- 5:24Speaker 7: I believe it was seventeen versus nine, and they were
- 5:28Speaker 7: plus twelve spots in the ELO ratings versus the US
- 5:32Speaker 7: in terms of rankings, and they were underdogs. So in
- 5:36Speaker 7: my data, which goes back to since ninety four, I
- 5:38Speaker 7: have it since ninety in the betting markets, they would
- 5:41Speaker 7: have been the second dog in the knockout round with
- 5:44Speaker 7: those rank advantages. And obviously there is something to be
- 5:47Speaker 7: said about US having the home match right like it
- 5:50Speaker 7: was in Seattle. The crowd was crazy, Like there is
- 5:53Speaker 7: an element of that, but it was pretty crazy given
- 5:56Speaker 7: this scenario and Lokaku Doku KDB all coming off the
- 6:00Speaker 7: bench and Katy he didn't even need to play.
- 6:03Speaker 4: That was my takeaway as well. I think I tweeted
- 6:06Speaker 4: at the half at the.
- 6:07Speaker 3: Availability of Kevin de Bruyna off the bench scared this
- 6:10Speaker 3: shit out of me and like, yeah, he's.
- 6:11Speaker 4: Old for a soccer player now.
- 6:13Speaker 3: And the reason that I think that he was on
- 6:14Speaker 3: the bench was he just wasn't in game shape. But
- 6:17Speaker 3: when you have someone so experienced like that to be
- 6:19Speaker 3: able to come off the bench, I just don't see
- 6:21Speaker 3: why you don't use the option. And the other thing
- 6:24Speaker 3: for me is like, all right, Matt Freeze MLS goalie.
- 6:27Speaker 3: I get why he's starting over Matt Turner, but when
- 6:29Speaker 3: you see him give up such stupid goals like that,
- 6:32Speaker 3: I get that he is better than Matt Turner on paper,
- 6:35Speaker 3: but Matt Turner is older and has experience. I think
- 6:38Speaker 3: that you put him in goal after that, Like you
- 6:40Speaker 3: don't often sub a goalie, but when you just have
- 6:42Speaker 3: your brain fall out of your ass like that, I
- 6:45Speaker 3: put in our notes, do we think that that's the
- 6:46Speaker 3: worst sports fuck?
- 6:48Speaker 4: Up we've ever seen.
- 6:49Speaker 3: Because I know that I might have recency bias, but
- 6:52Speaker 3: oh my god, was that awful?
- 6:55Speaker 1: Bill Buckner comes to mind. But it does seem like
- 6:59Speaker 1: in Heinz site, Stucky Belgium would have been a very
- 7:02Speaker 1: very sharp wager. Were you or you or or any
- 7:06Speaker 1: of your buddies on that.
- 7:08Speaker 5: I didn't. I didn't at the match, but it seems
- 7:12Speaker 5: that some it seems like there's some a bit of overreaction,
- 7:16Speaker 5: but that's what happens in sports these days, because everyone
- 7:18Speaker 5: got so caught up, like people were. People went from like,
- 7:21Speaker 5: oh is the US gonna win? Now? Can they win
- 7:23Speaker 5: the World Cup? To like they're the worst team ever?
- 7:26Speaker 5: And I guess it was the way that they lost people.
- 7:30Speaker 5: I didn't expect it to just be an uncompetitive bludgeoning,
- 7:35Speaker 5: but you.
- 7:37Speaker 4: Know, I Senegal almost beat them. We're better than Senegal.
- 7:40Speaker 5: But this is like what people expected coming into the tournament,
- 7:43Speaker 5: right like round of sixteen were ranked right around.
- 7:47Speaker 2: There, I believe. By the way.
- 7:49Speaker 1: Danielle Physickella, who we had an interview with on this podcast,
- 7:53Speaker 1: his best bet was Team USA Round of sixteen, Stage
- 7:58Speaker 1: of elimination.
- 7:59Speaker 5: So yeah, but it does feel like all right, you know,
- 8:02Speaker 5: just naturally like all right, have we have? We really
- 8:06Speaker 5: just made no progress, right when you when you compare
- 8:10Speaker 5: to the problem that's fourteen we lost to the same
- 8:13Speaker 5: team in the same round. Now people will say like
- 8:16Speaker 5: it wasn't it was more competitive then, but we kind
- 8:18Speaker 5: of you know, there was an all World goalie performance
- 8:21Speaker 5: from Howard and we kind of sat back a little
- 8:23Speaker 5: bit more. But I think it was just a way
- 8:26Speaker 5: that we lost that is upset Peol. But coming into
- 8:29Speaker 5: the tournament, this was what was about expected from this team.
- 8:33Speaker 4: I think it was bare minimum. I mean, Belgium had
- 8:35Speaker 4: the better roster.
- 8:36Speaker 3: They beat them back in April in Atlanta, and if
- 8:40Speaker 3: you watch, if you watch soccer, it was the better team.
- 8:43Speaker 3: Belgium was the better team. But I wanted them to
- 8:44Speaker 3: be competitive because Senegal took them so far in that
- 8:48Speaker 3: game and the US is better than them. I think
- 8:50Speaker 3: the thing that makes me the most mad is that
- 8:52Speaker 3: we have so many sports to play here, but travel
- 8:55Speaker 3: soccer is so expensive and we're not going to get
- 8:58Speaker 3: any better as a soccer nation.
- 8:59Speaker 4: And till that changes.
- 9:02Speaker 2: Yeah, amen to that coming out a.
- 9:04Speaker 5: Star player, not just living up to the moment, right
- 9:06Speaker 5: that that was you.
- 9:07Speaker 4: West did nothing and I don't care if he was injured.
- 9:10Speaker 5: Well, but yeah, this is kind of what was expected
- 9:15Speaker 5: coming into the tournament.
- 9:18Speaker 1: He is getting roasted. They absolutely barbecued Fourth of July style.
- 9:24Speaker 1: David Bichino, author of the book over Under, coming up.
- 9:27Speaker 1: But first let's check in with the best place for
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- 9:53Speaker 4: That's Code Favorites. When signing up, download the DraftKings Gap
- 9:56Speaker 4: today and stay in the game of the crown is yours.
- 10:00Speaker 1: The book is titled over Under An Unexpected History of
- 10:03Speaker 1: Sports Betting. The offer the author is David Bachino. He
- 10:08Speaker 1: joins us here on the podcast Stuck. He's got the
- 10:11Speaker 1: book with him right now as we speak. A fascinating
- 10:15Speaker 1: topic there, it is on the screen. I'm excited to
- 10:18Speaker 1: dig into it. Sports betting has been woven into the
- 10:21Speaker 1: fabric of this country from the very beginning. So how
- 10:24Speaker 1: far back, David, does the book take us?
- 10:28Speaker 8: Yeah, we go all the way back to kind of
- 10:30Speaker 8: post Civil War, when baseball started to emerge after the
- 10:33Speaker 8: war in the eighteen sixties and eighteen seventies. And as
- 10:37Speaker 8: soon as Americans started playing these organized sports and watching
- 10:41Speaker 8: horse racing, they were betting on it. And that's kind
- 10:43Speaker 8: of the theme of the whole book, as that betting
- 10:45Speaker 8: was there from the very beginning and has been there
- 10:47Speaker 8: ever since, despite kind of recent calls that this is
- 10:52Speaker 8: a new phenomenon which the whole book is positioned to
- 10:55Speaker 8: take a different perspective on the industry, you.
- 10:58Speaker 1: Know, and I I read into some of that that
- 11:02Speaker 1: going back to the beginning of sports, that the sports
- 11:06Speaker 1: betting culture has been woven in.
- 11:08Speaker 2: As I just mentioned.
- 11:10Speaker 1: Horse racing, it still seems that it has stayed in
- 11:12Speaker 1: that lane, It stayed away from the fire and the
- 11:15Speaker 1: judgment over the years. As far as the sports betting aspect,
- 11:18Speaker 1: we think horse racing, we think sports betting, and it
- 11:21Speaker 1: has been completely normalized forever. Why is it that that?
- 11:25Speaker 1: And maybe there's another sport that you could use as
- 11:28Speaker 1: an example here why that sport has been able to
- 11:31Speaker 1: avoid the judgment and criticism where other sports were ran
- 11:36Speaker 1: so far away from sports betting over the years.
- 11:38Speaker 8: Yeah, well, I'll actually talk about this in one of
- 11:40Speaker 8: the first chapters of the book. And the idea that
- 11:42Speaker 8: horse racing gambling was normalized started from the very beginning,
- 11:46Speaker 8: and a lot of the rationale for horse racing in
- 11:49Speaker 8: those early years came from laws legalizing horse racing gambling,
- 11:54Speaker 8: and a lot of those laws had really hilarious names,
- 11:58Speaker 8: such as.
- 11:59Speaker 9: To improve the breed of horses.
- 12:00Speaker 8: So horse racing was all about making better horses for military.
- 12:04Speaker 9: Purposes in a lot of ways.
- 12:06Speaker 8: And because of those military purposes, people said, hey, we
- 12:10Speaker 8: need to have these events in order to get better horses.
- 12:14Speaker 8: And we in order to have these events, we need
- 12:16Speaker 8: people betting on them, because no one's going to show
- 12:18Speaker 8: up at the track just to watch the track, so
- 12:20Speaker 8: we need some sort of mechanism to get people to
- 12:22Speaker 8: the to get people to the track to watch this.
- 12:26Speaker 8: And then people started wearing nice outfits. It became a
- 12:29Speaker 8: play for affluent consumers to come there and bet on
- 12:32Speaker 8: their horses, and it sort of had this sheen of
- 12:34Speaker 8: respectability horse racing that other sports didn't necessarily have, and
- 12:39Speaker 8: that just continued for decades and decades, and para mutual
- 12:43Speaker 8: betting played into them.
- 12:43Speaker 9: We could talk about.
- 12:44Speaker 8: That, but it certainly was You're right to make the
- 12:47Speaker 8: observation that stood apart from some of these other sports
- 12:50Speaker 8: and seemed to be more accepted as part of that
- 12:54Speaker 8: entire culture.
- 12:55Speaker 4: I have to back up here for a second.
- 12:57Speaker 3: Before we started recording the show we were talking about
- 13:00Speaker 3: Ducky realized that you had written a book about me
- 13:02Speaker 3: and mar earlier in your career. What inspired you to
- 13:05Speaker 3: dig further into this topic? Why sports betting? How did
- 13:08Speaker 3: you get up here? How did the research kind of
- 13:10Speaker 3: just inspire you to write the book in general?
- 13:12Speaker 9: Yeah?
- 13:13Speaker 8: Sure, you know I wrote. I started writing some travel
- 13:15Speaker 8: books earlier. I was really big into travel books. I
- 13:19Speaker 8: wanted to write my own. And then I had three
- 13:22Speaker 8: children and I started doing a lot less traveling, and
- 13:24Speaker 8: I started teaching at Eline University in North Carolina, and
- 13:28Speaker 8: I worked at ESPN for close to eight years, and
- 13:30Speaker 8: so I have a sports media background, and I became
- 13:33Speaker 8: a sports media professor here, so I started teaching a
- 13:36Speaker 8: bunch of courses that involved both sports and media. Several
- 13:40Speaker 8: years before this, I put together a book of the
- 13:41Speaker 8: sports media industry. It's more of a sweeping history of it.
- 13:44Speaker 8: And then when I finished that, I said, you know
- 13:47Speaker 8: what's everyone talking about now, sports betting. I started diving
- 13:50Speaker 8: into the history of the industry and a thesis emerged
- 13:54Speaker 8: that provided a different perspective. There's a lot of information
- 13:58Speaker 8: and stuff about sports betting that sort of toes the
- 14:02Speaker 8: same line. These days, there are several books that take
- 14:05Speaker 8: a more negative view of the industry, and I wanted
- 14:07Speaker 8: to say, what's a perspective that people really haven't pursued.
- 14:11Speaker 8: And when I started looking into the early sports I
- 14:13Speaker 8: just said, Man, every single sport in America, every event,
- 14:17Speaker 8: gambling was there from the very beginning. It's the first
- 14:20Speaker 8: fans to show up at almost every single event, and
- 14:23Speaker 8: no one.
- 14:23Speaker 9: Really talks about that.
- 14:24Speaker 8: People talk about betting as an offshoot of our sports obsession,
- 14:28Speaker 8: not sort of the integral component of our sports obsession.
- 14:32Speaker 8: So I wanted to tell that story because I think
- 14:34Speaker 8: it's I think it should change the way that we
- 14:36Speaker 8: think about sports betting, especially when we're having all these
- 14:39Speaker 8: legal conversations and these larger conversations about where sports betting
- 14:43Speaker 8: fits into the industry right now, My book really ties
- 14:48Speaker 8: those different aspects together throughout history.
- 14:53Speaker 3: Do you think that sports betting has kind of changed sports?
- 14:55Speaker 3: I mean, we're watching the World Cup right now, we're
- 14:57Speaker 3: talking about FIFA and corruption and all of that type
- 15:00Speaker 3: of stuff.
- 15:00Speaker 4: We're obviously a pro.
- 15:01Speaker 3: Gambling podcast here, But how do you think this has
- 15:04Speaker 3: sort of evolved into this multi billion dollar corporation industry,
- 15:08Speaker 3: whatever you want to call it, And how do you
- 15:10Speaker 3: think that that influences how people consume gambling. The fact
- 15:13Speaker 3: that we have you know, DraftKings logos whatever on every
- 15:15Speaker 3: single core, it's just grown so much.
- 15:18Speaker 8: Well, you know, I talk a lot about how I
- 15:20Speaker 8: don't think that the explosion of gambling content and gambling,
- 15:25Speaker 8: especially among younger people, I don't think it's a societal shift.
- 15:28Speaker 8: I think what happened was we removed the technological and
- 15:33Speaker 8: the legal barriers to an activity that people have been
- 15:35Speaker 8: wanting to do there forever, especially Americans. If you go
- 15:39Speaker 8: back to the nineteen thirties, one of the fastest growing
- 15:41Speaker 8: industries in the United States was parlay cards. People were
- 15:44Speaker 8: just handing out parlay cards on the corners and people
- 15:47Speaker 8: were playing them.
- 15:48Speaker 9: And there were.
- 15:49Speaker 8: Millions of people doing that, including people who had never
- 15:52Speaker 8: watched a college football game in their life because there
- 15:55Speaker 8: was no television, they couldn't watch a college football game.
- 15:58Speaker 8: Yet they were still in New York betting on Iowa
- 16:00Speaker 8: versus Nebraska, right, And there's just some sort of rush
- 16:03Speaker 8: that people have while when they see then they want
- 16:05Speaker 8: to pick aside and they want to put it down
- 16:08Speaker 8: a little money for the chance to win a lot
- 16:10Speaker 8: of money, and so we remove the technological and legal
- 16:13Speaker 8: barriers and that's led to this explosion. Now has it
- 16:16Speaker 8: changed the way people watch sports? Absolutely, more people are
- 16:19Speaker 8: gambling than ever before, especially legally, and I see it
- 16:23Speaker 8: with my students. They're watching more games. Ratings have never
- 16:26Speaker 8: been higher. And Neilsen also changed the methodology, so we
- 16:29Speaker 8: have to remember that because I teach analytics courses as well.
- 16:33Speaker 9: But sports have.
- 16:34Speaker 8: Never been more popular in this country, and gambling has
- 16:38Speaker 8: played a role in keeping that engagement. I think the
- 16:41Speaker 8: regular fandoms remain. I talk to my students all the
- 16:44Speaker 8: time and they still love the Red Sox. They love
- 16:46Speaker 8: the Giants. They love their teams, but they're also more
- 16:49Speaker 8: likely to watch a Thursday night game on Amazon than
- 16:51Speaker 8: that maybe they wouldn't have watched if they couldn't legally
- 16:55Speaker 8: put the same game parlay in.
- 16:58Speaker 5: David, I will say I was to read this over
- 17:00Speaker 5: the weekend, didn't get around to it. So last night
- 17:03Speaker 5: I opened it up and I was like, I'm going
- 17:04Speaker 5: to read this overnight. But I was stressed because I
- 17:07Speaker 5: was like, it better be good because it's tough to
- 17:08Speaker 5: read book overnight if it's not in one in one sitting.
- 17:12Speaker 5: But I was able to. It was very entertaining. I
- 17:14Speaker 5: loved a lot of the stories in there. What stuck
- 17:17Speaker 5: out to me was over and over again was just
- 17:20Speaker 5: the cyclical nature of things, right, like the things that
- 17:22Speaker 5: we talk about today, you know, oh, betting is ruining
- 17:27Speaker 5: sports taxes, revenue. All these discussions that keep coming over
- 17:34Speaker 5: coming up, over and over again we've had for hundreds
- 17:36Speaker 5: of years. I mean one of the quotes in the book,
- 17:38Speaker 5: fog Allen back in nineteen forty five was saying to
- 17:41Speaker 5: go along with Kendri was saying, seventy percent of the
- 17:43Speaker 5: crowd has he had a betting ticket watching the game,
- 17:47Speaker 5: So like, this is a country that was just that,
- 17:51Speaker 5: that was founded on betting. We've been degenerates forever. I
- 17:55Speaker 5: love some of the stories of the early betting. Other example,
- 18:00Speaker 5: by the way, is pedestrianism. Like we talk about, oh,
- 18:03Speaker 5: we're bothering athletes on social media. It's got to stop.
- 18:07Speaker 5: There was someone in eighteen eighty nine who threw a
- 18:08Speaker 5: rock at Pedestionalism was a spot people bet on that
- 18:11Speaker 5: we furtheros. It an't know that would just walk around
- 18:14Speaker 5: for as long as possible.
- 18:16Speaker 9: For days, for days, for days, and people.
- 18:18Speaker 5: Would bet on it and just walk walk in circles
- 18:22Speaker 5: and the last man's standing would win. But you have
- 18:25Speaker 5: stories in here about betting on rats, betting on We've
- 18:29Speaker 5: got used to that on rats. We used to bet
- 18:31Speaker 5: on ostriches. What does you want to share one of
- 18:33Speaker 5: your favorite stories in regards to like the odd betting
- 18:36Speaker 5: things that our country was founded on.
- 18:39Speaker 8: Yeah, you know, I grew up in New York, so
- 18:42Speaker 8: I lived in I lived in Queens for about a decade.
- 18:45Speaker 8: And I love the old like New York gambling hall
- 18:48Speaker 8: stories because that that sort of the grimy part of
- 18:53Speaker 8: New York has slowly been disappearing.
- 18:55Speaker 9: Over the last you know, several decades.
- 18:57Speaker 8: But going downtown and just going into this dim we
- 19:00Speaker 8: lit place where there was a cage and they threw
- 19:03Speaker 8: rats into a cage with a dog, and they bet
- 19:06Speaker 8: on how many rats a dog could catch in a
- 19:09Speaker 8: minute or three minutes or four minutes. And it was disgusting.
- 19:12Speaker 8: And you know, they would catch these rats just on
- 19:15Speaker 8: the streets. They would pay some dude to basically go
- 19:17Speaker 8: on the streets and catch the rats and throw them
- 19:19Speaker 8: into the cage. And yet it's not you know, you
- 19:23Speaker 8: don't want to idealize it. There were probably some terrible
- 19:26Speaker 8: people in there who should not have been in there.
- 19:29Speaker 8: But it's interesting and it's a fascinating that we were
- 19:31Speaker 8: willing to say, hey, we want to bet so bad
- 19:34Speaker 8: that we need to manufacture these events in order to
- 19:38Speaker 8: satiate our betting desires. Right, And so I loved that.
- 19:43Speaker 8: I love all the boxing stuff in the book. But
- 19:45Speaker 8: you're absolutely right, stucky in that like this idea that
- 19:49Speaker 8: the conversations were having today. So many of these conversations
- 19:52Speaker 8: we've had over and over and over and over again.
- 19:55Speaker 8: You know, I read a lot that, hey, there's too
- 19:57Speaker 8: many young people gambling on sports and that very well
- 20:00Speaker 8: maybe true. Can gambling be addicting, Yeah, absolutely, it can
- 20:03Speaker 8: be addicting. But people were complaining about young people gambling
- 20:06Speaker 8: on sports in nineteen oh three, they were complaining about
- 20:08Speaker 8: them gambling on sports in the nineteen thirties, in the
- 20:10Speaker 8: nineteen seventies. In the Sports Illustrated had an entire issue
- 20:14Speaker 8: in nineteen eighty six and one of the big articles
- 20:17Speaker 8: was how college their sports betting across colleges is disease.
- 20:22Speaker 9: It's rampant. Everybody's betting on sports.
- 20:26Speaker 8: And so a lot of the conversations we're having today
- 20:28Speaker 8: have always been going on everything's more in your face
- 20:32Speaker 8: now we have social media. Right, every conversation we have
- 20:35Speaker 8: is more in your face because there's more people to
- 20:37Speaker 8: comment on it. But it is all cyclical, and so
- 20:40Speaker 8: learning about the history is important. I appreciate your kind
- 20:43Speaker 8: words about the book. I tried to write.
- 20:46Speaker 9: It for people who like good.
- 20:50Speaker 8: Stories that they can then, you know, take away and
- 20:53Speaker 8: tell their friends at dinner. The chapters are short. There's
- 20:56Speaker 8: really crazy characters. I mean, you guys are in this industry,
- 20:59Speaker 8: you know some of the characters in the sports betting
- 21:01Speaker 8: world are just.
- 21:02Speaker 9: The best, right, they're they're also awful.
- 21:05Speaker 8: Some of them are awful, But there's a there's a
- 21:08Speaker 8: mix of just hilarious, absurd, funny people and then there's
- 21:11Speaker 8: geniuses too, And so there's a lot of geniuses throughout
- 21:14Speaker 8: the lookout throughout the book that basically emerge in this
- 21:18Speaker 8: industry to take advantage of it. So I really wrote
- 21:22Speaker 8: this book for a mix of people, and one of
- 21:24Speaker 8: the groups were sports people who like sports betting and
- 21:27Speaker 8: want to learn the history of something that's been going
- 21:30Speaker 8: on for a long time and learn.
- 21:32Speaker 9: A thing or two that they can they can go
- 21:33Speaker 9: tell their friends.
- 21:34Speaker 1: Yeah, can we get a reaction from Kendra on the
- 21:37Speaker 1: on the dogs catching the rats? That is that something
- 21:40Speaker 1: that you would lay a few bucks on.
- 21:42Speaker 3: Hendra, I am all set with the gambling on animal
- 21:46Speaker 3: cruel to you guys know that I'm kind of crunchy
- 21:49Speaker 3: about that, but that is insane and I and it's
- 21:51Speaker 3: no different than when people were betting on you know,
- 21:53Speaker 3: like dog racing and you know still even forces. Yeah,
- 21:57Speaker 3: all that kind of stuff, cock fighting whatever, all that stuff.
- 22:00Speaker 4: But it just it never ceases to amaze me.
- 22:03Speaker 3: I one of my coworkers at my other job was
- 22:05Speaker 3: betting on like rolling dice during COVID because he had
- 22:09Speaker 3: nothing else to do, so people get really creative with it.
- 22:13Speaker 5: Yeah, I uh yeah, you probably want to skip the part.
- 22:16Speaker 5: I think there's a part where someone is biting heads
- 22:18Speaker 5: off of rats. But the other thing that that really
- 22:23Speaker 5: stuck out to me was, I really want to get
- 22:27Speaker 5: your thoughts on this, was you had you had a
- 22:28Speaker 5: section on Pete Rose. Yeah, obviously a topic, very hot
- 22:32Speaker 5: topic forever in the gambling in sports space. And then
- 22:39Speaker 5: what really stuck out to me is the irony of
- 22:40Speaker 5: like Pete Rose not in the Hall of Fame. He's
- 22:43Speaker 5: bad for what he did up against right everything, all
- 22:48Speaker 5: these sports that basically were either started from gambling or
- 22:51Speaker 5: fueled by gambling. And then all these other players, famous players,
- 22:56Speaker 5: Hall of famers, Right, Joe Namath has been involved in
- 22:59Speaker 5: gambling forever. Paul Horning, literally nicknamed the Golden Boy, was suspended.
- 23:05Speaker 5: I think he might be the first player I think
- 23:07Speaker 5: in the college and NFL college football and NFL Hall
- 23:09Speaker 5: of Fame was suspended first season for gambling. Do people
- 23:13Speaker 5: even know that Johnny Unitis was a taut? Do people
- 23:16Speaker 5: know that he was one of the original tauts selling
- 23:19Speaker 5: football picks, So you have all these like and they
- 23:23Speaker 5: didn't really have any repercussions as far as they're standing
- 23:26Speaker 5: with the sport. But Pete Rose did for betting on
- 23:31Speaker 5: his team when he was managing, So it seemed kind
- 23:33Speaker 5: of unfair when you look at some of these other guys.
- 23:35Speaker 5: We basically just went on skate for some of the
- 23:37Speaker 5: things that they did. So I'm curious to see where
- 23:39Speaker 5: you stand on the Pete Rose debate.
- 23:42Speaker 9: Yeah.
- 23:42Speaker 8: One of the most ridiculous things, and a lot of
- 23:45Speaker 8: people know this, but a lot of people don't, is
- 23:46Speaker 8: that Mickey Mantle and Willie Mays were basically removed from
- 23:49Speaker 8: Major League Baseball officially because they took jobs at casinos
- 23:51Speaker 8: shaking hands with people, which is just absurd to think about,
- 23:55Speaker 8: just as ambassadors for casinos in Atlantic City. The Piros
- 23:59Speaker 8: thing is interesting. It's been debated and discussed and chronicled
- 24:03Speaker 8: a million times. Right, So I went into this book
- 24:05Speaker 8: being like, I can't tell the normal Pete Rose story,
- 24:07Speaker 8: So what's a different angle that people don't.
- 24:09Speaker 9: Understand about Pete Rose?
- 24:10Speaker 8: And one thing that I found fascinating was that he
- 24:13Speaker 8: grew up basically a mile or two from the nerve
- 24:15Speaker 8: center of US sports gambling at the time, which is
- 24:18Speaker 8: a place called Newport, Kentucky, right over the river, and
- 24:21Speaker 8: everyone around Pete Rose. When Pete Rose was growing up
- 24:24Speaker 8: was gambling. His dad would take him to the track.
- 24:27Speaker 8: He would go to Newport and see people gambling. It
- 24:29Speaker 8: was a gambling hotbed. The fact that Pete Rose grew
- 24:32Speaker 8: up to be a gambler, someone who was involved with
- 24:35Speaker 8: sports his whole life, makes a ton of sense. It
- 24:39Speaker 8: would have been weird if Pete Rose hadn't been a
- 24:41Speaker 8: gambler in some way, just because his whole life was
- 24:44Speaker 8: imbued with gambling. Now, Pete Rose, I like you know,
- 24:48Speaker 8: I often say that he did himself no favors. He
- 24:52Speaker 8: was combative with the league. He changed his story a
- 24:55Speaker 8: bunch of times, and so he didn't He didn't handle
- 25:00Speaker 8: the situation well when he started getting in trouble, and
- 25:03Speaker 8: I think that's probably why it didn't resolve itself in
- 25:06Speaker 8: his lifetime. But yeah, there's been people before him, and
- 25:10Speaker 8: there's been people after him who have now they haven't
- 25:13Speaker 8: faced the same repercussions as Rose, and I think baseball
- 25:17Speaker 8: over the next ten years or so is going to
- 25:19Speaker 8: fix that. Unfortunately, Peter Rose is no longer here with
- 25:21Speaker 8: us to enjoy that. But I think the Peter Rose
- 25:25Speaker 8: situation is partly to blame for the fact that, yeah,
- 25:28Speaker 8: he was gambling on his own team, or there's evidence
- 25:30Speaker 8: to think that he was gambling on his own team.
- 25:32Speaker 8: And because he didn't just come out and say, hey,
- 25:35Speaker 8: I screwed up, I'm really sorry, he kind of hemmed
- 25:39Speaker 8: and hauled for a while, and then he changed the
- 25:40Speaker 8: story a few times, and I think that caused him
- 25:43Speaker 8: a lot of problems as well. But you're right, Johnny
- 25:45Speaker 8: Unice was selling his face for football picks in I forget,
- 25:50Speaker 8: early nineteen seventies or something at some point when he
- 25:54Speaker 8: was one of the first towns or eighties, I guess.
- 25:57Speaker 8: And that's crazy to think about today. Imagine Tom Brady was,
- 26:01Speaker 8: you know, Tom Brady's football picks.
- 26:04Speaker 9: I don't think that would ever fly now.
- 26:06Speaker 4: Based off the history that you've dug into.
- 26:09Speaker 3: Do you think that gambling is kind of at a
- 26:10Speaker 3: weird crossroads right now? Of the wild wild West, of
- 26:13Speaker 3: what it used to be really no rules, regulations, you
- 26:16Speaker 3: couldn't do it at the tip of your finger with
- 26:17Speaker 3: your phone, and now kind of the taxation the government
- 26:20Speaker 3: wanting a cut, them being able to track everything. There's
- 26:23Speaker 3: never going to be kind of the underground aspect of gambling.
- 26:26Speaker 4: To go away.
- 26:27Speaker 3: But do you think that we're in like a weird
- 26:29Speaker 3: position right now of kind of a crossover of what
- 26:32Speaker 3: it used to be and what the future of it
- 26:34Speaker 3: might look like.
- 26:35Speaker 8: Absolutely, I one hundred percent agree with that. I think
- 26:37Speaker 8: we're in a weird spot. I think we'll look back
- 26:39Speaker 8: at this time as like, wow, man, there was a
- 26:41Speaker 8: lot of stuff going on with prediction markets with different
- 26:43Speaker 8: tax rates. I think, you know, I talked to my
- 26:48Speaker 8: students there. They think that. And these are sport management kids, right,
- 26:53Speaker 8: so like they're going to work in sports, they want
- 26:56Speaker 8: to work in sports in the future. They think sports
- 26:59Speaker 8: betting should be legal. They're not necessarily super pumped with
- 27:02Speaker 8: the way it's positioned right now, and they don't want
- 27:06Speaker 8: it as in your face as it currently is. I
- 27:08Speaker 8: think there'll be a bit of a pullback as some
- 27:11Speaker 8: of these leagues, as some of these platforms get a
- 27:15Speaker 8: bit of a position. You know, the advertising's already subsided
- 27:18Speaker 8: a little bit.
- 27:19Speaker 4: Not bathtub gin anymore. What's that, It's not bathtub gin anymore?
- 27:23Speaker 2: Yeah?
- 27:24Speaker 8: Right, No, that's and so like, I think we'll come
- 27:27Speaker 8: to an agreement where the people who want the gambling
- 27:30Speaker 8: content will get the gambling content, and the people who
- 27:32Speaker 8: don't want the gambling content won't have to have it
- 27:35Speaker 8: shoved down their throats. And I think that's great for
- 27:37Speaker 8: everybody involved. And we are in a weird spot. We're
- 27:41Speaker 8: in a weird spot culturally, and we're in a weird
- 27:43Speaker 8: spot legally. You know, I'm not a prediction market expert.
- 27:47Speaker 8: It's obviously going to be the future the next five
- 27:50Speaker 8: years of how this whole thing shakes out from a
- 27:53Speaker 8: legal perspective. But I think in ten years we'll say, Okay,
- 27:59Speaker 8: that was crazy.
- 28:00Speaker 9: Learned a lot in that time.
- 28:01Speaker 8: And politicians have to learn too, you know, just continuously
- 28:04Speaker 8: raising the tax rates, not going to do it because
- 28:05Speaker 8: that's just going to support these offshore books even.
- 28:07Speaker 4: Exactly people just doing it underground. Yeah, And like you.
- 28:11Speaker 8: Have to realize that a twenty one year old knows
- 28:14Speaker 8: how to navigate to those offshore books. They know how
- 28:16Speaker 8: to pirate games better than anyone. Whenever I can't find
- 28:20Speaker 8: the game, I ask my class, I say, hey, guys,
- 28:22Speaker 8: I can't watch them that game tonight.
- 28:24Speaker 9: Like how what are you guys using these days?
- 28:25Speaker 8: And they'll they'll point me to the right place, right,
- 28:28Speaker 8: they know how to do all this stuff, And so
- 28:30Speaker 8: that's not the answer.
- 28:31Speaker 9: Is just making it more and more expensive for these books.
- 28:35Speaker 8: So I don't have the answers, I'm not paid to
- 28:39Speaker 8: have the answers, but I know that it's going to
- 28:42Speaker 8: look a lot different in five ten years for sure.
- 28:44Speaker 1: This is probably something important for us to understand because
- 28:47Speaker 1: we're in the pocket the corner of the internet where
- 28:51Speaker 1: we are where people go to seek out sports betting information.
- 28:55Speaker 1: When you've talked to your students about this about the
- 28:58Speaker 1: presentation of sports, have they made it clear what they
- 29:01Speaker 1: don't like about how sports betting has been embedded, re
- 29:05Speaker 1: embedded into the way that sports betting is in all
- 29:09Speaker 1: of these broadcasts. Is there a specific thing that they
- 29:11Speaker 1: have pointed at.
- 29:13Speaker 8: Yeah, I mean, I think it's the suddenness of the
- 29:18Speaker 8: way it's been baked into broadcast I think has been
- 29:20Speaker 8: jarring for some of them. And so there's definitely a
- 29:23Speaker 8: faction of young people who just have no interest in
- 29:26Speaker 8: betting at all.
- 29:27Speaker 9: Right, then you have like the the.
- 29:30Speaker 8: Small parlay players who kind of go here and there,
- 29:34Speaker 8: and then you have like the heavy sports betters who
- 29:36Speaker 8: are really in the muck, right, They're mired in it.
- 29:38Speaker 8: They're they're looking day after day. And I think that
- 29:42Speaker 8: people who have no interest in sports betting, they're never
- 29:45Speaker 8: gonna go away. You're always gonna have those You're not
- 29:47Speaker 8: gonna get a hundred percent people betting on sports. They
- 29:50Speaker 8: just want the broadcast without you know, Keith Hernandez telling
- 29:54Speaker 8: them what money lines are in the middle of the
- 29:56Speaker 8: third inning, because they didn't have that for twenty years.
- 29:59Speaker 8: And so there needs to be some sort of some
- 30:03Speaker 8: sort of agreement where it's like, all right, we'll have
- 30:07Speaker 8: this a little bit for the people that want it,
- 30:09Speaker 8: but it doesn't have to be as in your face,
- 30:11Speaker 8: and I think it's gotten to that point in a
- 30:14Speaker 8: lot of ways.
- 30:15Speaker 9: The other aspect is.
- 30:16Speaker 8: Of the students who don't bet at all, is they
- 30:19Speaker 8: just get frustrated that when you know, they get annoyed
- 30:23Speaker 8: the same thing we get annoyed. It's like, I don't
- 30:24Speaker 8: really care what your parlay has been, Like you don't
- 30:26Speaker 8: have to tell me. Oh, you you almost say it
- 30:28Speaker 8: except for one leg, like cool, that's not interesting to
- 30:31Speaker 8: me because I have that story with students all.
- 30:34Speaker 9: The time, and so it's just the constant.
- 30:36Speaker 8: They want to watch sports to see the wins and losses,
- 30:38Speaker 8: and they don't care what their friends doing. But that's
- 30:40Speaker 8: you know, that's never gone way. We dealt with that
- 30:42Speaker 8: with fantasy sports forever. Right, It's like, dude, I don't.
- 30:45Speaker 1: Still do and that hasn't gone away. You don't want
- 30:47Speaker 1: to hear about anybody else's fantasy team. You only care
- 30:49Speaker 1: about yours.
- 30:50Speaker 8: The most interesting, Yeah, the most interesting team is your
- 30:53Speaker 8: fantasy team and the least interesting.
- 30:55Speaker 9: Is everybody else is whatever?
- 30:56Speaker 8: That is, right, But we still talk about it because
- 30:58Speaker 8: we're all narcissists and we like to talk about it,
- 31:00Speaker 8: and that's fine.
- 31:00Speaker 9: Also, that's not going to stop.
- 31:02Speaker 8: But I think we're getting there and I think students
- 31:05Speaker 8: will understand. They do also understand that betting is well
- 31:09Speaker 8: my students do, or is you know, endemic to sports
- 31:13Speaker 8: fandom and so going legal and then saying like, oh wait,
- 31:18Speaker 8: it's not legal anymore, it's just not going to happen.
- 31:21Speaker 8: And so what's kind of the happy medium where we're
- 31:24Speaker 8: going to come to And we're getting closer.
- 31:27Speaker 1: So much energy and focus is on the push to
- 31:31Speaker 1: twenty eighteen. When we talk about legalization and PASPA. I'm
- 31:35Speaker 1: sure that there have been almost successful pushes prior to that,
- 31:40Speaker 1: but I don't know about them. So I'm curious if
- 31:43Speaker 1: you cover any of this or if this is just
- 31:45Speaker 1: information that you've been able to pick up on throughout
- 31:47Speaker 1: your research. Was there ever any progress towards legalization, say
- 31:52Speaker 1: decades ago, where it almost happened and then for whatever reason,
- 31:56Speaker 1: there was a blockade.
- 31:58Speaker 8: I wouldn't say it ever got super close, but because
- 32:02Speaker 8: there were it wasn't like that federal law that banned
- 32:05Speaker 8: legalized sports betting. It happened a lot of places with
- 32:09Speaker 8: kind of just a wink and a envelope under the table.
- 32:12Speaker 8: So sports betting was going on in a lot of places.
- 32:15Speaker 8: Authorities knew what was going on, and they sort of
- 32:19Speaker 8: just allowed the entire thing to happen. And so, you know,
- 32:23Speaker 8: I do have a really interesting story in the book
- 32:26Speaker 8: about how PASPA came to be. It's the first time
- 32:30Speaker 8: that anyone's really laid it out the way that it's
- 32:32Speaker 8: laid out. A lot of the credit usually goes to
- 32:37Speaker 8: former Nick Hall of Famer Bill Bradley. It's often called
- 32:40Speaker 8: the Bradley act. He was really a bit player in
- 32:44Speaker 8: the creation of pass been. There's another there's another senator,
- 32:48Speaker 8: a guy named Dennis DeConcini, who was working hand in
- 32:52Speaker 8: hand with the NFL to get passa past. And I
- 32:56Speaker 8: basically went into the archives of Dennis DeConcini, and I
- 33:00Speaker 8: found letters from the NFL to this senator talking about
- 33:04Speaker 8: why they wanted and how to really present this to
- 33:08Speaker 8: Congress to get it passed. And that was the first
- 33:11Speaker 8: time anyone's really ever told that story from beginning to end.
- 33:15Speaker 8: And I've gotten a lot of you know, the people
- 33:17Speaker 8: who cover this this industry are the ones that's the
- 33:20Speaker 8: chapter that like, that was really interesting.
- 33:21Speaker 9: We never heard that, but they're you know, in the past.
- 33:24Speaker 8: It's not like they ever got to the one yard
- 33:25Speaker 8: line and then someone vetoed it. But it was allowed
- 33:29Speaker 8: more because well, it was a lot harder to gamble
- 33:34Speaker 8: without the internet, right, and so the Caribbean changed a
- 33:36Speaker 8: lot of things, and the birthplace of the Internet changed
- 33:39Speaker 8: a lot. When you had to go to a person
- 33:40Speaker 8: or go to a place to gamble, it was almost
- 33:42Speaker 8: tolerated more because they knew there was a there was
- 33:45Speaker 8: a literal barrier to doing it. You have to go
- 33:48Speaker 8: get up and do something, or pick up the phone
- 33:50Speaker 8: and do it. So so I think that that emergency
- 33:55Speaker 8: of the Internet changed the way that the government thought
- 33:57Speaker 8: about legalization as well.
- 34:00Speaker 5: Yeah, I found that kind of that section very interesting
- 34:02Speaker 5: as well. I think you draw the origin point kind
- 34:05Speaker 5: of or the spur of that back to Mark Davis
- 34:09Speaker 5: wanting to move the writers, which was kind of the
- 34:12Speaker 5: impetus for a lot of that, and walking people down
- 34:15Speaker 5: that path is super fascinating if you read the book,
- 34:18Speaker 5: which you should, and which is ironic given that the
- 34:21Speaker 5: NFL you go back. I was just amazed. I knew
- 34:24Speaker 5: some of this, but every all of the owners that
- 34:27Speaker 5: you know in the NFL, what did well Rooney Mara Bell,
- 34:33Speaker 5: they were They were all basically made all their money
- 34:35Speaker 5: and gambling and were just the big degenerates, the founders
- 34:38Speaker 5: of the NFL. One of the reasons I love watch,
- 34:42Speaker 5: I love reading nonfiction is and we take this for
- 34:45Speaker 5: granted now we have our phones at our side, is oh,
- 34:47Speaker 5: this is interesting. Let me let me look this up
- 34:49Speaker 5: and then maybe you end up getting another book. What
- 34:52Speaker 5: would you you know forty years ago you just find
- 34:54Speaker 5: something interesting. Man, I wish I could find more about that.
- 34:57Speaker 5: So from your perspective writing this book was if you
- 35:02Speaker 5: had all the time in the world, was there a
- 35:04Speaker 5: certain character or sidebar or story that you wish that
- 35:11Speaker 5: you or someone else would explore more That really pick
- 35:15Speaker 5: picked your answer interest.
- 35:17Speaker 8: Yeah, it's a good question. So, you know, the mob
- 35:21Speaker 8: stuff was fascinating. The mob stuff's been covered a million times,
- 35:24Speaker 8: and so like the fifties and sixties, a lot of
- 35:26Speaker 8: people have.
- 35:26Speaker 9: Written about that. I'm not a mob expert.
- 35:29Speaker 8: They're endlessly fascinating that that world. I would say the
- 35:33Speaker 8: number one part of the gambling history that I kind
- 35:39Speaker 8: of I touch on a little bit in the book,
- 35:42Speaker 8: the rise of the offshore books, is yet to be explored.
- 35:45Speaker 9: Fully, I think in the nineties.
- 35:47Speaker 8: The good news is I recently spoke to a betting
- 35:50Speaker 8: journalist named David Hill, which I'm sure, I'm sure you
- 35:53Speaker 8: guys know David Hill. He's written for Rolling Stone in
- 35:55Speaker 8: other places. He is coming out with a book in
- 35:58Speaker 8: the next couple of years that will charge the story
- 36:00Speaker 8: of at least one of the one of the guys
- 36:03Speaker 8: down there in the Caribbean. And so as they were
- 36:06Speaker 8: starting to found some of these books down there, it
- 36:09Speaker 8: was really another wild while west down there because it
- 36:12Speaker 8: was the emergency of the Internet, which is a fascinating
- 36:14Speaker 8: time which I lived through the emergency of the Internet.
- 36:16Speaker 9: It was crazy. We all had no idea what we
- 36:18Speaker 9: were doing.
- 36:18Speaker 8: We were logging on to al we were in weird
- 36:21Speaker 8: chat rooms and doing stuff that our parents didn't know about.
- 36:24Speaker 4: Right.
- 36:24Speaker 8: It was a crazy time in the nineties. If you
- 36:27Speaker 8: live through it, you know what I'm talking about. And
- 36:29Speaker 8: to know that they were all these guys basically, and
- 36:32Speaker 8: it was mostly men at that time moving down to
- 36:34Speaker 8: the Caribbean, but there were some rearely prominent women and
- 36:37Speaker 8: there there's at least one book written about Saco in
- 36:39Speaker 8: the early nineties, one of the first real Caribbean offshore
- 36:45Speaker 8: pioneers that went down there, who was involved.
- 36:48Speaker 9: But I want those.
- 36:50Speaker 8: Full stories, whether or not we'll ever get them, because
- 36:54Speaker 8: there's I'm not sure they all want to tell their stories.
- 36:58Speaker 8: That's the one that I think would be the most
- 36:59Speaker 8: fascinating for sure.
- 37:01Speaker 5: Yeah, super interesting. The intersection of also the leagues and
- 37:05Speaker 5: CBS which became you know, the sports line and all
- 37:08Speaker 5: the money made there.
- 37:10Speaker 9: Super that's one of the stories.
- 37:12Speaker 8: I mean, I tell that one's kind of known, but
- 37:15Speaker 8: like CBS sort of owned sportsbook dot Com, which is
- 37:19Speaker 8: like when and they bought it for like three bucks
- 37:22Speaker 8: or something. Just they were surfing and they were looking
- 37:24Speaker 8: for open URLs and they're like, oh, sportsbook dot COM's open,
- 37:27Speaker 8: let's snatch that. See what happens because we an't know
- 37:29Speaker 8: what's happening in the next few years. And then they
- 37:31Speaker 8: were eventually it's it's kind of this whole story in
- 37:33Speaker 8: the book that I tell. But they eventually had to
- 37:35Speaker 8: sell it because of the pressure from CBS, who was
- 37:39Speaker 8: you know, airing who invested in the site and was
- 37:42Speaker 8: airing March Madness and didn't want to have that association that, man,
- 37:46Speaker 8: do we run a sports book.
- 37:48Speaker 9: That's crazy?
- 37:48Speaker 5: So and one fine course you mentioned March Madness, which
- 37:52Speaker 5: you could argue saved the bracket pools at one point,
- 37:56Speaker 5: maybe saved d one Sports. Yeah, can you set a
- 38:00Speaker 5: record straight on the actual origin of the bracket pool,
- 38:05Speaker 5: which I know you get into a bit.
- 38:07Speaker 8: Yeah, So you know, I almost hate doing this because
- 38:10Speaker 8: this is barn Staten Island who gets credit for the
- 38:13Speaker 8: origin of the bracket pool. And I love the story.
- 38:16Speaker 8: I think it's a great story. And and ESPNS reounted this.
- 38:21Speaker 8: The Washington Post talked about, Hey, these guys invented the
- 38:25Speaker 8: March Manness bracket pool.
- 38:26Speaker 9: This is where it's all started. It's just not true.
- 38:29Speaker 8: People were putting brackets together on high school basketball in
- 38:33Speaker 8: Indiana back in the nineteen thirties, and people who have
- 38:37Speaker 8: been doing these sorts of pools for years, and this
- 38:40Speaker 8: one was big and it had a big payout, But
- 38:44Speaker 8: the bracket pool was most like most things, people like
- 38:47Speaker 8: clean origin stories and this one just doesn't have one.
- 38:50Speaker 8: People have been putting together those pools, and they're almost
- 38:53Speaker 8: like parlays, right, You're just betting on a bunch of
- 38:55Speaker 8: things and hoping to win a pot of money at
- 38:57Speaker 8: the end for decades and decades. And it really started
- 39:01Speaker 8: in high school athletics, and then it moved to the
- 39:03Speaker 8: college ranks, and people were playing them in the in
- 39:05Speaker 8: the sixties and seventies across the country in offices, and
- 39:10Speaker 8: you know, there was I found one newspaper report in
- 39:12Speaker 8: the early nineteen seventies and about this guy and he's like, hey,
- 39:15Speaker 8: we all put in money on March Madness on the
- 39:17Speaker 8: bracket pool, and like flow from accounting one and she
- 39:20Speaker 8: doesn't watch basketball. And that's like the age old story, right,
- 39:23Speaker 8: It's like your four year old picks based on uniforms. Yeah, yeah, yeah,
- 39:28Speaker 8: and so based on you know, I want the Tigers
- 39:31Speaker 8: to win because I love Tigers, and so to think
- 39:34Speaker 8: that this has been going on for fifty sixty years,
- 39:37Speaker 8: it's fun.
- 39:37Speaker 9: It's a cool story.
- 39:38Speaker 5: Yeah. First time I moved to Lexton, Kentucky about let's
- 39:43Speaker 5: see eight, nine years ago. And I remember growing up
- 39:46Speaker 5: you would always bet on these offshore site. You could
- 39:49Speaker 5: always bet on big high school football games. Yeah, but
- 39:54Speaker 5: I you know, I didn't grow up in like a
- 39:57Speaker 5: huge hot at for high school basketball in college basketball.
- 40:02Speaker 5: But I went to the bars. I remember the first
- 40:05Speaker 5: year during the talkie as a high school basketball tournament's
- 40:08Speaker 5: really cool. It's like teams from all levels, uh come
- 40:11Speaker 5: to Lexington for a week and for the state championships.
- 40:16Speaker 5: But in bars there's people, Uh, there's lines and people
- 40:20Speaker 5: you could place bets. And I was and they said
- 40:23Speaker 5: that you've been able to do that forever.
- 40:25Speaker 8: People selling parlay cards out of their trunks. You know,
- 40:28Speaker 8: that whole thing that's been going on. And when people,
- 40:31Speaker 8: for whatever reason, when human beings see an athletic event,
- 40:34Speaker 8: they have this inherent, you know, motivation to say, hey,
- 40:40Speaker 8: you take that guy, I'll take that guy. Let's put
- 40:43Speaker 8: X amount of money on it. And I'm not a psychologist.
- 40:46Speaker 8: I don't know why, but it's there. It's in our souls.
- 40:49Speaker 4: Okay, final question for me.
- 40:50Speaker 3: At the beginning of our chat, you said that you
- 40:52Speaker 3: wanted to do something different than everybody else who was
- 40:54Speaker 3: focusing on the negative sides of sports gambling, and focus
- 40:57Speaker 3: on a little bit more of a positive scenario. What
- 41:00Speaker 3: do you think the positives of the growth of sports
- 41:02Speaker 3: gambling have been?
- 41:05Speaker 8: Oh, the positives of the growth of sports gambling. Well,
- 41:08Speaker 8: I will say that my book, I like to just
- 41:10Speaker 8: present the options and you can make your own decision
- 41:13Speaker 8: on whether this has been positive or neck. If I
- 41:14Speaker 8: actually have a chapter towards the end that says, hey,
- 41:16Speaker 8: here are the good parts. Here the bad parts. You
- 41:18Speaker 8: make your own call. You know, some of even the
- 41:21Speaker 8: titles of previous books have been very clear that they
- 41:25Speaker 8: do not support this. I say, hey, here's the history.
- 41:28Speaker 8: You make your own decision on this. So that's that's
- 41:31Speaker 8: the first part. That's the different perspective. The positives are obvious,
- 41:35Speaker 8: that more people are paying attention to stuff from a
- 41:39Speaker 8: you know, I'm an educator, I work in academia. Jobs,
- 41:42Speaker 8: there's jobs in this business. Sports have never been more popular.
- 41:45Speaker 8: To ignore the fact that gambling has played a role
- 41:47Speaker 8: in that is just you know, pulling the wool over
- 41:50Speaker 8: your eyes, because it's definitely a part. Every time I see, Hey,
- 41:53Speaker 8: it's just crazy, like ratings are upbringings have never been this,
- 41:56Speaker 8: and just yeah, a lot of people are gambling and
- 41:59Speaker 8: that's part of the and why, Like, let's not just
- 42:01Speaker 8: pretend traditional fandoms or are the ones causing some of this.
- 42:05Speaker 8: So that's a good one. The other thing is that
- 42:07Speaker 8: there's there's more people to talk about this stuff.
- 42:09Speaker 9: And you know, I do think.
- 42:13Speaker 8: I dislike any part of sports that leads to more individualization.
- 42:18Speaker 8: I think the communal part of sports is the best
- 42:20Speaker 8: part of sports, right, and so I love like.
- 42:22Speaker 9: I grew up tailgating. I'm went to Penn State.
- 42:24Speaker 8: Tailgating at college football is my favorite thing in the world.
- 42:27Speaker 9: You say you can be anywhere in the.
- 42:28Speaker 8: World, I'd say tailgating a college football game. I love
- 42:31Speaker 8: that community aspect. So anything that just leads to individualization,
- 42:36Speaker 8: I'm like a little against and maybe I'm kind of
- 42:39Speaker 8: becoming the old angry guy. If sports betting can be
- 42:44Speaker 8: more like this, where you're getting a group together to
- 42:46Speaker 8: talk about stuff, that's great. If you're sitting in your
- 42:49Speaker 8: house every single night, you know, playing tons of parlays
- 42:52Speaker 8: and not talking to anyone, I don't love that, right.
- 42:55Speaker 8: I wanted to lead to more community, so any aspect
- 42:58Speaker 8: of sports betting.
- 42:59Speaker 9: That's that's why I don't love there.
- 43:01Speaker 8: Was you know, you talk to the old timers in Vegas
- 43:03Speaker 8: and they're like sports books was one of the few
- 43:05Speaker 8: places at the casino where you can get together and
- 43:08Speaker 8: chaer for a common good and and have a party,
- 43:10Speaker 8: and that's cool.
- 43:11Speaker 9: I like that aspect of it.
- 43:14Speaker 8: And so if we can get to.
- 43:15Speaker 9: That point with betting, I think that.
- 43:17Speaker 8: Will help the regular part of sports, and I think
- 43:21Speaker 8: that'll make people more into sports in general, and then
- 43:24Speaker 8: you can have those.
- 43:25Speaker 9: Sort of more communal gatherings. So I think there's a
- 43:28Speaker 9: few few aspects there.
- 43:31Speaker 5: Yeah, a lot of people are. I worry about that
- 43:34Speaker 5: too from a society perspective. I mean, my wife is
- 43:36Speaker 5: in the bar business and people are drinking last which
- 43:39Speaker 5: I think is so your healthier, you know, physically, but
- 43:43Speaker 5: people aren't getting together right in that communal aspect, we're
- 43:46Speaker 5: kind of losing that. So socially, what is the impact
- 43:49Speaker 5: there because people just I think we're becoming more and
- 43:51Speaker 5: more isolated with technology. But that's a conversation for another day.
- 43:54Speaker 9: Sure.
- 43:55Speaker 5: My final question is, you know, we look back at
- 43:58Speaker 5: history to try and learn from our mistakes and about
- 44:02Speaker 5: what the future may hold. Looking back at the history
- 44:07Speaker 5: of betting, did you change your mind or do you
- 44:10Speaker 5: have any new takes on where you think we are headed?
- 44:14Speaker 5: Or do you think everything is just going to be
- 44:17Speaker 5: cyclical and we're going to have, you know, periods of
- 44:20Speaker 5: taxation and then moral cleansing, or you know, we need
- 44:23Speaker 5: to get rid of sports and we're just going to
- 44:25Speaker 5: keep repeating the same things that we've done, just at
- 44:28Speaker 5: a bigger scale. But did you come away with any
- 44:30Speaker 5: different takes than you thought going into this entire process?
- 44:34Speaker 8: Yeah, I mean I almost would say that I'm more
- 44:36Speaker 8: in the cyclical conversation. And you know, sports betting is
- 44:39Speaker 8: sort of the punching bag at the current moment.
- 44:42Speaker 9: When I look at my college.
- 44:43Speaker 8: Students, there's a whole host of things that I'm more
- 44:46Speaker 8: worried about for them than their five dollars parlays, I
- 44:50Speaker 8: will say that much. And so right now we need
- 44:54Speaker 8: to grapple with this thing because it's new to a
- 44:56Speaker 8: lot of people, and it's not new at all.
- 44:58Speaker 9: To a lot of people.
- 44:59Speaker 8: It's so the people that it's new to are scared
- 45:03Speaker 8: of it, and they're like, this is this is not
- 45:05Speaker 8: something that I want as part of my life.
- 45:08Speaker 9: And I think.
- 45:09Speaker 8: It's you know, people compared to the opioid epidemic and
- 45:12Speaker 8: stuff like this, and doing this history, it's like, well,
- 45:16Speaker 8: people have been gambling forever just because it was a
- 45:20Speaker 8: little bit more hidden.
- 45:21Speaker 9: And so any conversation that goes to the.
- 45:25Speaker 8: Extremes is usually needs to be pushed back towards the middle.
- 45:28Speaker 8: And and that's sort of where I am a sports
- 45:31Speaker 8: betting and so I think understanding history of any topic
- 45:35Speaker 8: that we're talking about from a political or legal, or
- 45:38Speaker 8: an ethical or a moral standpoint, it's important. And so
- 45:41Speaker 8: that's why I'm kind of glad that I'm glad that
- 45:44Speaker 8: I wrote this book. That sounds awful, but it's I
- 45:47Speaker 8: think it's an important perspective to have, right, But in
- 45:50Speaker 8: terms of what the future holds, it's tough man like
- 45:54Speaker 8: I My opinion on this industry of what's going to
- 45:57Speaker 8: happen changes every day.
- 45:58Speaker 9: Just like your guys.
- 46:00Speaker 8: You have no idea what's going to happen from a
- 46:02Speaker 8: legal perspective mostly, but I guess the only thing is that, Yeah,
- 46:07Speaker 8: I don't want the communal aspects of sports fandom to
- 46:13Speaker 8: be diminished because of the increased individualization of the fan experience.
- 46:19Speaker 8: That's my biggest takeaway from this, and so I encourage
- 46:22Speaker 8: my students to say, Hey, think about like what you
- 46:24Speaker 8: can do in arena to not isolate people. Think about
- 46:27Speaker 8: what you could do on TV to form these groups
- 46:30Speaker 8: because you know, I don't know where you guys are,
- 46:33Speaker 8: but I was really hard.
- 46:34Speaker 9: And just I'm a big nick fan. I'm sorry.
- 46:36Speaker 8: We've talked a lot about the NIXT, but like just
- 46:37Speaker 8: seeing people celebrate that victory and people coming together, that
- 46:41Speaker 8: was cool.
- 46:42Speaker 9: I enjoyed that.
- 46:43Speaker 8: I thought that was great to have that sort of
- 46:46Speaker 8: expression of pride and joy.
- 46:49Speaker 2: Fascinating dialogue.
- 46:51Speaker 1: Go and pick up the book, An Unexpected History of
- 46:53Speaker 1: Sports Betting Over Under is the title. David Bakino has
- 46:58Speaker 1: been our guest today on the Faceavorites podcasts. I could,
- 47:01Speaker 1: I think all of us could talk to you for
- 47:03Speaker 1: another hour on this, but we'll respect your time and
- 47:05Speaker 1: call it a day. Congrats on the book and we'll
- 47:07Speaker 1: chat again soon.
- 47:08Speaker 9: Hey, thanks for having me appreciate its fun.
- 47:10Speaker 1: In honor of our guests this week who wrote a
- 47:13Speaker 1: book called over Under it is time to plant the Flag,
- 47:18Speaker 1: presented by DraftKings on a season long player prop over
- 47:23Speaker 1: under Mind the flag and it shut up.
- 47:26Speaker 5: I'm trying to plant my flag here.
- 47:28Speaker 1: Okay, you're really planning your flag and that thing, Pendra,
- 47:31Speaker 1: we start with you.
- 47:33Speaker 3: Okay, So you guys have been giving me shit all year,
- 47:37Speaker 3: but I would like to do a check up on
- 47:38Speaker 3: something that has changed. I am running back the Browns
- 47:42Speaker 3: over for this season. It has gone from six and
- 47:45Speaker 3: a half to five and a half, assuming because of
- 47:47Speaker 3: the Miles Garrett move. I know I'm not a Deshaun
- 47:50Speaker 3: Watson stan I think it's gonna be him.
- 47:52Speaker 4: I hope it's not.
- 47:53Speaker 3: Regardless, I'm taking me over. I think this team is
- 47:57Speaker 3: a lot better. They're gonna be my pywords of the year.
- 48:00Speaker 4: You know, love it or hate it, it is what
- 48:02Speaker 4: it is.
- 48:02Speaker 3: I am all over the Browns this year. I'm doubling
- 48:04Speaker 3: down now that it's at five and a half. This team,
- 48:06Speaker 3: this team could win seven games. I don't care that
- 48:08Speaker 3: Miles Garrett has gone Jared Verse rules. They won this,
- 48:12Speaker 3: they won this whole dispute. I don't care. I think
- 48:14Speaker 3: this team's gonna low key be sick like God.
- 48:17Speaker 1: I as if we needed any more reason to want
- 48:21Speaker 1: to see the Cleveland Browns lose. You doubling down on them.
- 48:25Speaker 1: In fact, I think it's more like tripling down on them.
- 48:28Speaker 1: And on a day where I said give me your
- 48:30Speaker 1: best player prop over under, you still hit me with
- 48:33Speaker 1: the Cleveland Browns. I'm sick over it, stucky, and it
- 48:36Speaker 1: was a move.
- 48:37Speaker 4: That I noticed on the app I had to do
- 48:39Speaker 4: with you guys.
- 48:41Speaker 5: I'm gonna go Michael Wilson under seven hundred and forty
- 48:44Speaker 5: nine and a half for seeding yards. Let's sell high
- 48:48Speaker 5: after as one thousand yards season. Canna remember with these
- 48:50Speaker 5: over unders, you also got to stay healthy. Played all
- 48:53Speaker 5: seventeen games last year. You know if he has an injury,
- 48:56Speaker 5: it's gonna be tough to get over this. There's an
- 48:58Speaker 5: un who knows who's playing quarterback for how many games?
- 49:01Speaker 5: With an unsettled QB situation in Arizona. So let's uh,
- 49:06Speaker 5: let's sell high on Wilson and go under his receiving
- 49:10Speaker 5: total for the season.
- 49:12Speaker 3: If you want a real player prop that I'm looking at,
- 49:14Speaker 3: BTJ has beefed up.
- 49:18Speaker 1: No, don't hit me with a BTJ over. Just stick
- 49:20Speaker 1: with your just stick with your team total.
- 49:22Speaker 2: On the Browns.
- 49:24Speaker 3: You are not to jag off later this year. If
- 49:27Speaker 3: you're gonna give me shit right now, I am all in.
- 49:29Speaker 2: On the Jags. But Brian Thomas Junior is not the
- 49:32Speaker 2: reason why.
- 49:32Speaker 1: But you know, to the Cardinals point, maybe Marvin Harrison
- 49:35Speaker 1: Junior decides to join the party and that would help
- 49:38Speaker 1: an under on Michael Wilson. I am gonna go with
- 49:42Speaker 1: over seven and a half rushing touchdowns for Omarion Hampton
- 49:46Speaker 1: at minus one twenty five. And Mike we trust, love
- 49:51Speaker 1: Mike McDaniel. He was a run game coordinator at heart.
- 49:54Speaker 1: He's gonna help to unlock Hampton. This offensive line should
- 49:57Speaker 1: be healthy. They were the opposite of that last year.
- 50:00Speaker 1: I like him to get double digit touchdowns. Here, give
- 50:02Speaker 1: me the Bolts back over seven and a half touchdowns
- 50:06Speaker 1: on the ground. You can go and place all of
- 50:08Speaker 1: these wagers over on the beautiful and luxurious Draft Kings
- 50:13Speaker 1: sports app that'll do it for us today.
- 50:16Speaker 2: The favorites will return.
- 50:18Speaker 1: On Thursday afternoon, right here on the Action Network YouTube
- 50:21Speaker 1: page and wherever you download your favorite podcast. Our Show Today,
- 50:24Speaker 1: presented by Draft Kings, The Crown is yours.
- 50:37Speaker 8: Action Network reminds you please gamble responsibly. If you or
- 50:42Speaker 8: someone you care about has a gambling problem, help is
- 50:44Speaker 8: available twenty four to seven at one eight hundred Gambler