Episode 184: Matt Metcalf Joins for a Discussion
Circles Off - Sports Betting Podcasts
Intro
This chapter explores the world of sports betting through the expertise of a seasoned bookmaker. It highlights the evolution of sportsbooks, the significance of transparency, and the current opportunities in the betting landscape.
Rob and Johnny are joined by Matt Metcalf, the former Sportsbook Director of Circa Sports and now the Chief Risk Officer at Mojo. Matt played a key role in shaping the sportsbook industry as we know it and tells all in this in depth interview which dives behind the scenes of the Circa trading room.
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Matthew Trenhaile episode 1 ➡️ https://youtu.be/fAYrhzaiMiM
Matthew Trenhaile episode 2 ➡️ https://youtu.be/U4ucta32frs
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0:00 – Circles Off Ep 184
1:49 –Matt Metcalf’s exposure to betting
7:53 – Pivoting to bookmaking
11:16 - Mentors in the space
13:42 – Charles Barkley betting story
16:01 – Matt’s approach to bookmaking
20:18 - Diversifying market options
24:45 - Price discovery and what it means
29:03 - getting specific with profiling
33:47 – NBA vs NFL handle
35:06 - Betting on uncertainty
33:53 - Playing offense as a bookmaker
40:30 – The reason that lines move
42:34 – Creating “chaos” as a bookmaker
44:48 - Who can beat the Circa market?
50:33 - Does Circa limit liability?
52:03 - Game day moves that consistently lose
56:07 - How far you need to be willing to move a line
1:00:39 - The overlap between trading and marketing
1:07:57 - Would you limit this bettor?
1:24:14 - When Matt would actually limit a bettor
1:29:08 – Where sportsbooks are most vulnerable
1:31:57 – The power of same game parlays
1:36:57 - Building the ideal book
1:43:42 - What’s the “right side” to be on?
1:47:43 - +EV and -EV
2:05:21 - Advice to yourself 5 years ago
If you want more from Rob Pizzola, Jacob Gramegna, and Johnny, check out the rest of their content on www.thehammer.bet
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Circles Off podcast is an entertainment podcast. The opinions expressed in the podcast are for the purpose of discussion in the area of sports betting, online gaming and other like markets. Circles Off podcast does not condone unlawful or illegal activity, and if you are unsure of the laws in your jurisdiction surrounding these markets, please seek the appropriate legal advice about strategies that you intend to implement. Please gamble responsibly.
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