In this engaging discussion, bestselling author Michael Lewis, known for works like 'Moneyball,' delves into the explosive growth of sports gambling following a landmark Supreme Court decision in 2018. He highlights how betting companies lure young men into increasingly risky wagers, revealing the troubling psychology behind these tactics. Lewis also uncovers the potential public health crisis linked to gambling addiction, as well as the shifting attitudes of major sports leagues embracing this billion-dollar industry, raising concerns for player integrity and sports culture.
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insights INSIGHT
Prohibition to Proliferation
The sports world's taboo against gambling flipped quickly after a 2018 Supreme Court decision.
Leagues now embrace gambling, partnering with companies like FanDuel and DraftKings, who have extensive data on young American men.
question_answer ANECDOTE
Potential Public Health Crisis
Australians lost $30 billion gambling last year, which could project to $400 billion in losses annually in a fully developed US market.
Michael Lewis suggests the public health effects of widespread sports betting could be similar to the opioid crisis.
insights INSIGHT
Laws and Norms
Legalizing something normalizes it, leading to increased participation, unlike simply moving a shadow market into the light.
The sports gambling industry profits by encouraging many people to make unwise bets.
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The Blind Side: Evolution of a Game is a dual narrative that examines the evolution of offensive football strategy, particularly the rise of the left tackle position, and the personal story of Michael Oher. The book delves into how the introduction of players like Lawrence Taylor changed the game, emphasizing the importance of the left tackle in protecting the quarterback's 'blind side.' It also follows Michael Oher's journey from his impoverished upbringing to his adoption by the Tuohy family and his eventual success as a college and professional football player. The book touches on themes of sport, culture, family, and the complexities of racial and socioeconomic dynamics in American football[1][3][5].
Atomic Habits
James Clear
Atomic Habits by James Clear provides a practical and scientifically-backed guide to forming good habits and breaking bad ones. The book introduces the Four Laws of Behavior Change: make it obvious, make it attractive, make it easy, and make it satisfying. It also emphasizes the importance of small, incremental changes (atomic habits) that compound over time to produce significant results. Clear discusses techniques such as habit stacking, optimizing the environment to support desired habits, and focusing on continuous improvement rather than goal fixation. The book is filled with actionable strategies, real-life examples, and stories from various fields, making it a valuable resource for anyone seeking to improve their habits and achieve personal growth[2][4][5].
The big short
Inside the Doomsday Machine
Michael Lewis
The Big Short tells the story of the 2007-08 financial crisis through the lens of several key players who predicted and profited from the collapse of the housing market. The book focuses on characters such as Steve Eisman, Mike Burry, Greg Lippmann, and the founders of Cornwall Capital, who saw the impending disaster and made significant gains by shorting the market. Lewis explains the complex financial instruments and the systemic failures that led to the crisis, making the narrative both accessible and engaging.
Moneyball
The Art of Winning an Unfair Game
Michael Lewis
The book tells the story of the Oakland Athletics' 2002 season, where General Manager Billy Beane and his assistant Paul DePodesta used advanced statistical analysis, known as sabermetrics, to assemble a competitive team despite a limited budget. The approach, pioneered by Bill James, focused on metrics such as on-base percentage and slugging percentage rather than traditional measures like batting average and runs batted in. This data-driven strategy allowed the Athletics to compete with teams having much larger payrolls, like the New York Yankees, and achieve significant success, including a 20-game winning streak and a playoff appearance[2][3][5].
Sports gambling has exploded in America. You can't watch a game today without being bombarded by ads from betting companies, often co-branded with the major sports leagues themselves. It's a dramatic shift from just seven years ago, when these same leagues were unified in their opposition to legalized sports betting.
Michael Lewis, the bestselling author of Moneyball, The Big Short, and The Blind Side, has been exploring this transformation in the latest season of his podcast Against the Rules. Today on the show, Michael explains how we went from prohibition to proliferation, unpacking how a 2018 Supreme Court decision opened the floodgates for an industry that's now seeing over $100 billion in annual bets. We discuss how betting companies use data and psychology to nudge people into making increasingly complex and unfavorable wagers, why young men are particularly susceptible to gambling addiction, and what the rise of "prop bets" means for the integrity of sports. We also get into the concerning public health implications of widespread sports betting and what past addictive epidemics might tell us about where this is all heading.
The Art of Manliness 
