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McKay Coppins

๐Ÿ‘ค Speaker
389 total appearances

Appearances Over Time

Podcast Appearances

Fresh Air
Inside the explosive growth of sports betting

So it's even more, right?

Fresh Air
Inside the explosive growth of sports betting

So the whole thing is already slightly rigged against the average gambler.

Fresh Air
Inside the explosive growth of sports betting

And then...

Fresh Air
Inside the explosive growth of sports betting

you know, as he looked through those early bet slips, he said, one of the key mistakes you're making in this first week is that you're only using draft Kings to really have any chance of coming out ahead when you're gambling on sports.

Fresh Air
Inside the explosive growth of sports betting

It's a game of kind of exploiting microscopic edges.

Fresh Air
Inside the explosive growth of sports betting

So you have to shop for the best lines on any given game.

Fresh Air
Inside the explosive growth of sports betting

You have to look at all the different sports books, uh,

Fresh Air
Inside the explosive growth of sports betting

See what the lines are.

Fresh Air
Inside the explosive growth of sports betting

See what the VIG is.

Fresh Air
Inside the explosive growth of sports betting

That means like how much they're charging you for a given bet.

Fresh Air
Inside the explosive growth of sports betting

So one book might charge you $110 to win $100.

Fresh Air
Inside the explosive growth of sports betting

Another might only charge you $106.

Fresh Air
Inside the explosive growth of sports betting

And so you have to really pour over all these numbers and make kind of the most rational bets that you can.

Fresh Air
Inside the explosive growth of sports betting

But the thing that he said to me in that conversation that kind of floored me was when I asked him, if I'm starting with $10,000, what would be a successful season, right?

Fresh Air
Inside the explosive growth of sports betting

And I was expecting him to say, well, if you win $15,000, then you can count that as a win.

Fresh Air
Inside the explosive growth of sports betting

What he said to me was, he was almost confused by the question.

Fresh Air
Inside the explosive growth of sports betting

He said, if you win one penny, you will be in the top 2% of sports bettors.

Fresh Air
Inside the explosive growth of sports betting

Oh, my gosh.

Fresh Air
Inside the explosive growth of sports betting

And you know what?

Fresh Air
Inside the explosive growth of sports betting

It should have made me more nervous.