Business Of Betting Podcast

On this episode of the Business of Betting Podcast, Jason is joined by Jake Williams.Hear them discuss:02:00 -Jake’s experience in fatherhood and raising daughters as Jason shares his family dynamics.04:15 - Jason's focus on health, exercise, and therapy; benefits of a healthy lifestyle.11:15 - Jason’s reasons for not drinking alcohol and its positive impact on his life.14:10 - Jake's thoughts on drinking culture and its role in social and professional settings.16:55 - The current state of the sports betting industry and significant events.20:55 - Analysis of fluctuating GGR numbers and the impact of VIP players.23:10 - The regulatory environments and their impact on businesses.26:45 - Moral implications of operating in unregulated markets.30:50 - Jason's frustrations with the regulatory landscape and compliance challenges.32:36 - Summer plans and work-life balance with taking time off to enjoy family vacations and relaxation.⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThi

On this episode of the Business of Betting Podcast, Jason is joined by Scott Sadin from US Integrity.Hear them discuss:01:00 - The recent conviction of former President Donald Trump, and how that will affect his current candidacy 05:27 - What it means to have 'integrity' in professional and collegiate sports, and how US Integrity is ensuring it08:37 - How insider information can be used for nefarious purposes10:32 - The role that sports properties play in ensuring integrity of their events and stakeholders13:32 - How US Integrity responds to alerts of anomalies or irregularities17:37 - Public perception of betting-related scandals, the role that media plays in it, and conflating 'outrage' with 'surprise' 23:55 - Scott's perspective and experience as a "picks and shovels" business within the regulated betting industry25:54 - The consolidation of B2B companies within the industry, including US Integrity's recent merger with Odds On Compliance 27:15 - Additional verticals that US Integrity is considering expandi

On this episode of the Business of Betting Podcast, Jason is joined by Adam Bjorn from Plannatech.Hear them discuss:01:11 - Adam's recent travels throughout the US03:37 - Adam's past experience in the offshore betting industry, and how it's similar/different to regulated markets 06:30 - The difficulty for regulators and prosecutors to enforce action against offshore operators11:15 - What made Adam want to push for moving the unregulated to the regulated14:03 - The jurisdictions that Adam sees as having the most favorable operating models17:16 - Whether Adam sees himself as a professional bettor first or sportsbook operator first19:16 - The relationship between Plannatech and Prime Sports20:19 - What changes and innovations Adam is trying to bring to the industry 23:29 - Adam's take on the role that exchanges play, and what the future of them looks like28:14 - Whether the low margin model can work in the regulated US market30:33 - What Adam wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Fol

On this episode of the Business of Betting Podcast, Jason is joined by Joe Asher from IGT.Hear them discuss:01:35 - The background of IGT, Joe's role at the company, and where sports betting fits within the IGT business07:12 - Nevada's head start with legal mobile betting, and how its model is different from other states10:45 - The dynamic between brick-and-mortar and online operators, and the threat of cannibalization 14:36 - The state of horse racing, and whether track owners should benefit from legislative protections 18:20 - The role of government subsidies in regulated gaming, and in private industry more broadly 20:11 - Morality and ethics for operators of real-money gaming products 25:14 - Joe's appointment by President Biden to Chair of the Wilson Center31:00 - Remaining non-partisan when debating policy matters34:10 - What Joe wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the

On this episode of the Business of Betting Podcast, Jason is joined by Joe Dunnigan from ALT Sports Data.Hear them discuss:01:22 - The genesis of ALT Sports Data, and the problem they set out to solve in the market05:25 - Why alternative sports don't historically have a culture of betting despite their popularity 07:21 - The target customer persona for betting on alternative sports09:12 - How alternative sports are segmented, and which are the most popular ones13:15 - Why ALT Sports Data is securing official data rights instead of aggregating data themselves16:25 - Why they are building an owned B2C media platform in addition to provisioning odds on a B2B basis17:29 - Funding background and team composition of ALT Sports Data19:36 - The future of the relationship between data rights holders and sportsbook operators, and the sustainability of the existing model23:47 - The appeal of live sports content with younger generations and demographics 26:07 - Being an entrepreneur in the later career sta

On this episode of the Business of Betting Podcast, Jason is joined by Matthew Trenhaile. In a bit of a twist on the standard format, the guest is the one asking the questions to our host!Hear them discuss:02:14 - The Smarkets origin story, and why Jason thought an exchange was needed08:32 - How Smarkets almost became a social betting platform, and the role that social features play in the exchange experience 13:03 - The Betafir API, developer ecosystems, and why Smarkets currently operates as a "closed garden" platform21:44 - The backstory of how Smarkets came to be its own market maker, and the challenges that came with that29:22 - Whether the value proposition of exchanges will ever become broadly appealing to recreational bettors37:31 - The allure of pivoting to B2B for exchanges and syndicates47:18 - The challenges of offering political betting markets52:23 - Trading on Betfair in the early days60:58 - What Matthew wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️

On this episode of the Business of Betting Podcast, Jason is joined by Dillon Borgida from Betonu.Hear them discuss:01:42 - NCAA basketball talk03:20 - Breakdown of sportsbook VIP programs and how they work08:26 - The role of VIP hosts10:35 - Why Smarkets doesn't have a VIP program (so far)15:00 - Why VIP players aren't necessarily price sensitive 16:04 - The different tiers of VIPs, and what perks each tier can expect20:23 - The role of credit and offshore sportsbooks with VIP players23:28 - VIPs, responsible gambling, and affordability checks30:10 - What the next 10 years look like for VIP players in the regulated US market33:29 - What Dillon wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by Greg Kajewski from BettorEdge.Hear them discuss:01:00 - March Madness check-in02:30 - Jason's collegiate wrestling career05:38 - Introduction to BettorEdge09:18 - Mechanics of transactions on BettorEdge, and how they are structured to ensure compliance14:08 - BettorEdge's peer-to-peer betting model16:32 - The different ways that BettorEdge monetizes its platform20:21 - Attracting liquidity to the exchange23:45 - Greg's opinion of Smarkets' strategy in the US market25:34 - Marketing a betting product in a loud and crowded landscape26:52 - BettorEdge funding and company backgrounder28:49 - What Greg wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by Chris Grove from Acies Investments Hear them discuss:01:43 - How Chris became so good at doing PR03:31 - What Chris sees as his "north star" for his work in the betting and gaming industry09:29 - Chris' thesis on why the future is "not so much gamifying sports betting as building games that are powered by sports outcomes"15:33 - Where Chris sees opportunity for startups and challenger brands in a duopolistic US operator market21:00 - The role and relative importance of price as a differentiator for sports betting operators26:18 - The significance of exchanges, where they sit within the landscape, and why they're not bigger35:01 - A debate on whether online sportsbooks are 'technology companies' or 'gambling companies'43:51 - What Chris wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming ind

On this episode of the Business of Betting Podcast, Jason is joined by James McLoughlin from Stirling Mac.Hear them discuss:01:53 - Are US sportsbook product companies or marketing companies?05:44 - The importance of price as part of the betting product experience 09:30 - Lean marketing tactics for operators without billion dollar marketing budgets12:00 - How to successfully market betting apps using app store optimization 15:17 - Acquiring users and customers organically 20:27 - James' experience working at Betfair, and why exchanges are on the retreat in sports betting23:05 - The popularity of political betting markets24:51 - Examining the current prediction markets for the 2024 US presidential election 29:00 - Critiquing Smarkets' marketing strategy 30:31 - What James wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Aca

On this episode of the Business of Betting Podcast, Jason is joined by Antonino De Rosa.Hear them discuss:01:50 - Magic the Gathering, Dungeons & Dragons, and chess06:06 - How Antonino found his way to the Pinnacle trading floor07:44 - Why the low vig sportsbook model isn't more popular12:09 - The reason that sportsbooks screwed up the 2020 US presidential election markets15:10 - Antonino's thoughts on exchanges, and why he doesn't use them17:57 - Running a basketball betting syndicate, and how it operates21:25 - The difference between PPH and an agent system23:54 - Building a model to create an edge25:00 - Betting at scale using a network of runners30:48 - How Antonino would like to see the betting industry evolve 32:46 - Stake factoring versus guaranteed minimum bet limits⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more inform

On this episode of the Business of Betting Podcast, Jason is joined by Matt Restivo from OddsJam.Hear them discuss:01:00 - Life in Boulder, CO02:46 - The recent ruling on the 14th Amendment in CO04:45 - Introduction to OddsJam07:07 - Overview of arbitrage and value betting10:48 - Preserving betting account longevity13:30 - 10-year vision for OddsJam14:52 - Sourcing pricing data to power OddsJam's tools17:06 - OddsJam founding story18:55 - Company size and traction⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by Will Martin from LiveDuel.Hear them discuss:01:22 - The Irish political landscape04:20 - Origin story of LiveDuel, and why Will felt a new exchange was needed in the market08:15 - How LiveDuel is differentiating itself from the incumbent exchanges09:54 - Will's opinion of what Smarkets could have done differently with its exchange13:02 - How LiveDuel is utilizing blockchain technology, and why it is the right technology for sports betting18:19 - The mechanics of DAO's and how that governance model can be applied to exchanges21:02 - Benefits of blockchain technology for transaction processing23:19 - How blockchain helps with liquidity provisioning through automated market making27:19 - Using oracles to resolve markets through consensus31:49 - Challenges of fundraising to build an exchange business 35:37 - Regulatory licensing strategy for LiveDuel⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ App

On this episode of the Business of Betting Podcast, Jason is joined by Manu Gambhir from Xpoint.Hear them discuss:02:24 - Introduction to Xpoint03:45 - The geolocation provider landscape in the US market05:20 - Primer on geolocation regulatory requirements 07:50 - Competitive dynamic of geolocation providers in the US11:26 - The technical complexity of building geolocation solutions18:04 - Lawsuits and legal challenges around IP rights20:27 - The regulatory complexities of operators building their own geolocation solutions internally23:38 - Xpoint's commercial traction in the US market25:56 - Manu's view on the state of the industry in the US29:06 - Enforcement (or lack thereof) of offshore operators serving the US market33:07 - What Manu wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by Paul King from OddsMonkey.Hear them discuss:01:45 - a primer on matched betting & Paul's background with it05:30 - the background and origins of OddsMonkey07:50 - Paul's view of the sports betting industry10:30 - bookmakers' attitudes towards matched betting12:30 - the change over time in the value of bonus offers, and Paul's outlook for the future of bonusing16:20 - the role that exchanges play in matched betting19:55 - the ethics and legality of stake factoring and restricting customer accounts27:07 - what Paul wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by Joe Brennan Jr. from Prime Sports.Hear them discuss:02:51 - using restaurant metaphors to explain Prime Sports' position in the market10:52 - the parallels between the Costco shopping experience and sports betting14:40 - why cricket is an underappreciated sport for betting22:04 - the shift in how audiences are consuming live sports, and why that doesn't bode well for microbetting 24:37 - operating Prime Sports as "a reduced juice shop"27:57 - where the red line is before the low-margin model is no longer viable in the US market30:46 - why they think the current market leaders in US sports betting will change in the next 10 years34:25 - what Joe would have done differently for Smarkets' US entry strategy 40:22 - what Joe wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Host

On this episode of the Business of Betting Podcast, Jason is joined by David Frohardt-Lane from DL Trading.Hear them discuss:01:09 - David's background in high frequency market making03:22 - Why David invested in Sporttrade's Series A funding round05:20 - The price sensitivity of American bettors07:54 - Comparing financial trading to trading sports betting markets10:15 - Deep dive on DL Trading's role as Sporttrade's principal market maker14:22 - The challenges of trading sports at scale16:39 - Attracting liquidity to betting exchanges21:58 - Revisiting the 2020 US Presidential Election on betting exchanges, and thoughts on the upcoming 2024 election25:03 - David's thoughts on Smarkets26:44 - DL Trading's B2B ambitions 29:59 - What David wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by Brad Allen from Eilers & Krejcik.Hear them discuss:01:34 - The origin of Brad’s weekly podcast, Zero Latency03:05 - Brad takes control of the host chair and asks Jason questions03:48 - Smarkets’ initial plans to enter the US market, and how that’s changed over time06:46 - How Smarkets is localizing its core product to the US market09:27 - Smarkets’ future prospects and opportunities in the US11:31 - The allure of high margin products like same-game parlays13:30 - Why Smarkets decided to build its own geolocation solution internally17:17 - The B2B opportunity for Smarkets to commercialize its geolocation solution18:58 - Brad’s view of the industry, and which operator he thinks could be a “game changer”21:27 - Where ESPN Bet fits into the landscape since its launch 25:04 - Why Brad thinks that Rush Street Interactive is a good acquisition candidate25:54 - What Brad wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jaso

On this episode of the Business of Betting Podcast, Jason is joined by Jacob Fortinsky, co-founder & CEO of Novig.Hear them discuss:02:43 - The current controversy at Harvard, Jacob's alma mater06:40 - Companies taking political stances, and how Jason and Jacob think about that within their companies09:31 - Jacob's experience meeting Paul Graham, the founder of Y Combinator 12:04 - High concept overview of Novig13:35 - Raising $7 million from investors to build Novig15:30 - What Jacob thinks Jason should have done differently building Smarkets17:48 - Attracting institutional liquidity providers to sports betting exchanges20:05 - Sports betting as a zero sum game24:14 - Price sensitivity of different customer segments 25:50 - Novig's recent launch in Colorado29:42 - The Novig business model31:09 - Why the Novig exchange had to launch as a fixed odds sportsbook32:47 - What Jacob wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is prese

On this episode of the Business of Betting Podcast, Jason is joined by Paris Smith, the former CEO of Pinnacle.Hear them discuss:00:47 - Thoughts on the US02:45 - When Paris beat Jason in a poker tournament06:42 - The low margin sportsbook model10:37 - Her tenure at Pinnacle13:53 - Comparing Pinnacle to bet36516:31 - Her take on the exchange model20:40 - Departing Pinnacle after 17 years as CEO23:07 - The importance of getting peer support26:14 - Life living in the Caribbean ⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest: businessofbetting@gmail.com Hosted on Acast. See acast.com/privacy for more information.