Gambling With an Edge

Laurance Scott has been beating roulette for over 30 years.  He was first on our show 13 years ago. (Link below to that episode) He is now retiring, and joins us to talk about his start and how the game has changed.

Show Notes[00:00]  Introduction of roulette player, Laurance Scott
[00:48]  Getting started in roulette
[06:00]  Playing Huxley wheels
[07:27]  Roulette teams
[09:12]  Device laws outside of the U.S
[10:32]  Mistakes made by beginner roulette players
[15:40]  Surveillance of wheel watchers
[18:24]  Timing back door
[23:00]  Playing in France
[29:04]  Playing in Macau
[36:48]  Playing biased wheels and distracting dealers 
[41:56]  Contacting surgeons to implant a computer
[47:12]  Games and heat in Las Vegas

Links:

Laurance Scott episode from 2013  
https://www.blogger.com/blog/post/edit/4082481490083758475/9122198373771667070

Interview with Keith and Marty Taft
https://www.lasvegasadvisor.com/gambling-with-an-edge/interview-with-keith-and-marty-taft/?srsltid=AfmBOooeWKDCJlJPx-KphISabY621YkT1Qh7Yt_Vth2YZfdnN4j6JxHZ

http://mezzobistro.com

Checkmate by Ben Mezrich https://amzn.to/4ce7xq1

Milkshake lost all his money following a tout, and it set him off on a journey to figure out how to win money sports betting.

Show Notes

[00:00]  Introduction of sports better, Milkshake
[00:38]  Milkshake’s path into advantage play
[03:09]  Top-down betting and going to BetBash 2
[05:25]  Moving for professional bettors
[09:38]  Odds screens, arbitrage, limiting, and nuances of top-down
[15:42]  Why did $600 move a major market?
[16:45]  What percentage of Milkshake’s action today is moving versus modeling?
[18:24]  Making in prediction markets
[19:10]  Evaluating potential movers
[21:57]  Betting at kiosks
[24:50]  Source of truth
[26:44]  Setting up partnerships
[28:22]  Camouflage bets, priming accounts
[30:45]  Faking the market
[32:28]  Should winning accounts go dormant before being limited?
[33:43]  Shifting the closing line to avoid CLV
[34:51]  Milkshake's book and podcast recommendations
[36:10]  Using sportsbook bonuses

[39:29]  How will Milkshake's betting evolve over the next few years?
[41:54]  Relevant knowledge of sports when top-down betting
[43:09]  In-game betting
[44:17]  Can value be found in a team's losing streaks?

Links:
x.com/BeBetterBettors
x.com/halfkelly
Logic of Sports Betting by Ed-Miller https://amzn.to/4x6Wx67

Charles Star is a self-described podcast slut.  He went from lawyer to comedian and is now on a quest to do 53 podcasts in 52 weeks.

Show Notes
[00:00]  Introduction of Charles Small
[00:36]  Podcast appearances bet
[03:25]  No Homework and City Saint, Country Saint podcasts
[05:57]  Transitioning from law into comedy 
[14:07]  Leaving standup
[15:58]  Podcasting
[17:08]  Gambling and sports better stories
[20:33]  Legal career after temp jobs
[26:07]  Civil asset forfeiture
[29:11]  The Moth and strange legal cases
[34:16]  OST realistic legal shows and movies
[40:22]  Travel stories
[46:15]  Favorite Las Vegas restaurant that is not in a casino

Links:
http://nohomework.website
http://soundcloud.com/hwpod
http://davidhill.substack.com/p/introducing-american-gambler
http://nakamurayalv.com

Elizabeth Reichelt seems to choose the riskiest professions. I don't mean dangerous, I mean the chance of success is tiny, but the payoff can be huge. She went from dancer, to stand up comic, to television writer.

Show Notes
[00:00]  Introduction of Elizabeth Reichelt
[00:38]  High risk and high reward professions
[03:09]  Identity crises
[06:10]  Moving to Los Angeles
[08:25]  Passion for social work
[11:06]  Playwriting
[16:53]  Improv, writing sketches, and stand up comedy
[21:46]  Assistant writer for Inventing Anna
[21:24]  Becoming a writer
[26:47]  Research on Bridgerton
[27:56]  Cowriting an episode
[30:32]  AI effects on writers
[31:32]  Writing for networks versus streaming services
[34:23]  Working while on hiatus, networking, and agents
[39:34]  How can listeners contact Elizabeth?
[40:06]  Advice for aspiring writers
[40:44]  Favorite restaurant in Las Vegas that is not in a casino

Links:
http://Instagram.com/lizreichelt
http://Mobettahs.com
http://Doublezeropie.com

Life is a Gamble explores those times in life where someone must take a big risk, or when life deals you an unexpected hand. How do we decide how much risk is worth it?

Life is a Gamble explores those times in life where someone must take a big risk, or when life deals you an unexpected hand. How do we decide how much risk is worth it?

Our guest today is Jake Jacobs, on to talk about his new book, "Have Bets Will Travel." The book is an autobiography focused on his 40+ years as a professional gambler.

Show Notes

[00:00] Introduction of Jake Jacobs, author of Have Bets, Will Travel
[00:53] How did Jake start gambling? 
[05:02] Writing about gambling adjacent experiences
[07:56] Deciding on the title of Have Bets, Will Travel 
[09:29] Jake's gambling post-1992 and horseracing stories
[14:02] Legally using computers in Atlantic City 
[17:53] Playing a blackjack memory game with Bill Benter
[31:05] Taking a lie detector tie after theft allegations 
[38:52] Tropicana boss asks Jake if he is a card counter
[42:55] Wearing disguises
[44:09] A Korean bar girl goes to the wrong room 
[47:05] Favorite restaurant in Las Vegas that is not in a casino?

Links:
Get the book - https://amzn.to/4otrFct 
http://Lasvegasadvisor.com/gambling-with-an-edge
http://Lotusofsiamlv.com