Business of Betting Podcast

Latest Episodes:

E184 - Varun Sudhakar from BetDEX Feb 17, 2023

Show notes

Jason is joined by Varun Sudhakar, CEO & Founder of BetDEX in the latest episode of the Business of betting Pod. Varun shares his story, the inner workings of BetDEX, and his ambitions for the future of the company.

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E183 - Alex Kane from Sporttrade Jan 27, 2023

Show notes

Jason is joined by Alex Kane, CEO and Founder of Sporttrade Inc. in the latest episode of the Business of betting Pod. Alex shares his startup story, as well as his views on the growth of the American sportsbook industry, and his vision for the future of the industry and exchanges.

04:01 Sporttrade: The humble beginnings

06:25 Alex’s Startup and Investment Round journey

08:18 Techstars to launch

12:31 Building the Sporttrade matching engine

16:00 Pre & Post trade challenges

19:33 Sporttrade vs the competition

24:09 The role of market makers

27:00 The Sporttrade business model

29:56 Competitors and the customer acquisition challenge

32:22 Sporttrade vs Prophet

33:49 Why choose Sporttrade?

42:28 The end of price time?

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E182 - Lloyd Danzig from Sharp Alpha Advisors Dec 20, 2022

Show notes

In this episode of the Business of betting Pod, Jason is joined by Lloyd Danzig, Managing Partner at Sharp Alpha Advisors. In this episode Lloyd shares his views on the future of the sports betting and competitive gaming industry, the adaptation of the exchange model in the US, and his hopes for a next gen ‘smart’ world.

02:40 The many hats of Lloyd Danzig: Venture Capitalist investing in the next generation of sports betting and real money gaming platforms.

04:55 The rise of ‘Competitive Entertainment’: The future of winning or outcome based betting products.

08:16 Picks ‘n’ Shovels vs Operator approach: B2B businesses vs B2C operators.

10:53 Evolution of the Exchanges in the US: The maturing of the sports betting market in the US – Limit Book Orders vs Fixed Odds model & high volume, lower margin bets vs high odds parlays.

15:18 Market Cap for Exchanges in the US: Can the US market expect to match or better the UK’s Exchange market share of 10-15%?

21:45 Will sportsbook operators evolve into Exchanges?: Could the compression of margins from competitors force sportsbooks to adopt the exchange model? Could a sportsbook add a matching engine under the hood?

31:09 Sportsbook wagering limits: The ethical argument on limiting winners.

34:01 The future of the industry: Smart betting through personalised betting recommendations.

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E181 - David Purdum from ESPN Sep 23, 2022

Show notes

In this episode of the Business of betting Pod, Jason is joined by David Purdum, Gambling reporter for ESPN. In this episode, Purdum who’s been writing on the industry since 2008 goes back on his career, and shares his opinion with Jason on legalization, Sportsbooks in the US and other aspects of the industry.

01:30 How did he get in the Industry: Starting in Atlanta, writing stories about the business, landing at ESPN

06:24 The road towards the federal legislation: The PASPA journey from 2008, David’s opinionThe wire act and federalisation of Sports betting, the barrier to entry

11:50 The evolution of Sports betting in the US: Media companies, Leagues's position, the new betting habits with younger generations, prop bets, Fantasy sports

17:46 The future of betting: Bringing the exchange model in the US, Ethic and limits

20:15 The bookmaker perspective: limiting winners, transaction fees, getting in the industry, market entry and new players: Sporttrade, prophets, Fanatics

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E180 - Jed Corenthal from Phenix RTS Sep 16, 2022

Show notes

In this episode of the Business of betting, Jason is joined by Jed Corenthal, Chief Marketing Officer at Phenix Real Time Solution. Phenix is a B2B real-time video streaming solutions provider.

The pair discussed the space Phenix operates in and how it's impacting the evolution of Sportsbooks.

01:35 Introduction - Started in sports, went through entrepreneurship and ended up in OTT at Phenix. What is phenix, what does real time streaming mean

04:08 The Secret Sauce: Using content owners, streaming, data providers, Sportsbook integration, distribution system etc. …

08:28 Competitive landscape: Growth in the space, being leader in the market

10:41 The future of Sports data: real time data and micro betting, moving from a bet & watch to watch & bet model, Sportsbook streaming in the UK vs US

15:30 OTT providers v Sportsbook stream: latency, HTTP live streaming, rights distribution, the impact on betting habits, partnerships

24:11 Conclusion on US legislation

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E179 - Sandford Loudon of Oakvale Capital Jul 29, 2022

Show notes

In this episode of the Business of betting Sandford Loudon joins the show. Oakvale Capital is a leading M&A and advisory firm in the industry. Sanford covers his background, his access to deals, SPACS and shares his opinion on the market.

01:13 His background: From a traditional corporate finance background to gaming advisory; getting access to deals - networking, understanding the space, using his financial foundations

09:40 What are SPACS - Why companies do it, hot it works; the deal with Rush Street Interactive, Valuation and dilution, $10 per share mechanism

29:22 His opinion on the market: Gambling being undervalued

32:05 Focus on the US market: Making money; profitability of US operators; online casinos; maturity of the market; UK v. US

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E178 - Nigel Eccles - From Fanduel to Betdex Jul 22, 2022

Show notes

In this episode of the Business of betting Nigel Eccles joins the show. Nigel covers his early days at Flutter, his entrepreneurial journey with Fanduel, Betdex and entering the Crypto world. Finally, he gives his honest opinion on the industry.

01:29 His background: Starting at Flutter, taking over Betfair, Launching Betdaq

09:33 His entrepreuneur journey with Hubdub and Fanduel

12:30 Why Betfair is not the leader: Mistakes that prevented Betfair to be #1

15:13 Betfair Post Mortem: Missed on innovation, Marketing failure

21:10 FanDuel journey: The success, winning over casinos

24:57 Fantasy sports & sports betting: PASPA, his vision on the industry, being industry leader

32:36 Building an Exchange in the US: The sophistication of the market, Wire Act and liquidity

37:03 Betdex and Crypto: The purpose, the challenge of Ethereum, Solana, platform risk, the business model and liquidity

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E177 - News roundup with Brad Allen Jul 15, 2022

Show notes

In this episode of the Business of Betting podcast, Brad Allen from Legal Sports Report (LSR) joins Jason Trost to cover and share opinions about the latest industry news.

00:53 Amy Howe talks offshore betting: Making a better product, taxes, offshores books and limits of the market

10:10 Matchbook brokerage service

20:00 Openbet retraded price: stocks down 33%, B2B suppliers, change of control clauses

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E176 - Scott Kaufman-Ross, SVP Gaming & New Business at the NBA Jul 08, 2022

Show notes

In this episode of the Business of Betting podcast, Scott Kaufman-Ross joins the show. Scott is SVP Gaming & New business at the NBA and talks about how he got his job, how the NBA is very pro betting and monetizes betting, what it sees in the future and how teams can decide who to work with.

02:14 How Scott got into the NBA: Starting in Finance, being a fantasy player

07:54 The evolution of the industry: The league’s position on sports betting, what the approach should be

14:38 The NBA’s economic system: Revenue, teams

20:26 The League and revenue share with sportsbooks

25:22 Sponsorship inventory, activation, level of deals (team vs league), licensing framework, legal and offshore operators

31:05 Betting activity and attention: data attribution, large markets

34:25 Consumption of media: Digital vs linear, customisation, NBA telecast

39:00 Injury reports and Transparency

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E175 - News roundup with Brad Allen Jun 24, 2022

Show notes

EP 175: Doesn’t every sports betting company in the US lose money?

In this episode of the Business of Betting podcast, Jason Trost welcomes journalist Brad Allen from Legal Sports Report (LSR) to cover and share opinions about the industry news.

01:42 Wynn is closing down UK social Betting app BetBull: Wynn losing money on sports betting; Wynn getting out of sports betting?; casinos

11:28 The place of social in sports betting: Draftkings / bet groups; SBK; Skybet; Stock trading and Sports betting

19:08 Susquehanna SIG’s $65.5m investment in PointsBet: Nelly vs Banach; Jeff Yass’s statement; Fundamental model; best odds

29:20 Rumours around Fanatics acquisition of the German sportsbook Tipico (CNBC): Valuation; Fanatics’s Market access; GLI 33

33:04 Colorado’s regulator and the State audit

Mentioned in the episode:

https://www.legalsportsreport.com/71850/wynn-betbull-closure-uk-sports-betting-app/

https://www.legalsportsreport.com/71735/pointsbet-stock-susquehanna-sig-deal/

https://www.cnbc.com/2022/06/23/fanatics-is-in-talks-to-buy-sports-betting-company-tipico-sources-say.html

https://twitter.com/bettingpod

https://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA

Get in touch:

https://twitter.com/BradAllenNFL

https://twitter.com/jasontrost

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