Revisionist History

Gambling with Michael Lewis

123 snips
Nov 21, 2024
Michael Lewis, a bestselling author known for his works like 'Moneyball,' joins sport betting expert Rufus Peabody to delve into the explosive growth of sports gambling in the U.S. They discuss the shift from opposition to partnership between sports leagues and betting companies, revealing ethical dilemmas in advertising and media. Rufus shares insights on the psychological challenges of betting and the strategies savvy gamblers use to navigate the modern landscape. This conversation uncovers the complex dynamics of a booming industry that’s reshaping our relationship with sports.
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INSIGHT

Sports Betting: Fracking the Fan

  • Michael Lewis discusses the rise of sports betting and its consequences.
  • He frames it as the "fracking of the fan," with leagues exploiting fans for profit.
ANECDOTE

Inspiration: Ubiquitous Ads

  • Michael Lewis explains how ubiquitous sports betting ads inspired his podcast topic.
  • Even in California, where it remains illegal, he was bombarded with DraftKings and FanDuel ads.
INSIGHT

Sports Betting: Not Like Casinos

  • FanDuel and DraftKings aren't typical casinos; they leverage data to manipulate gamblers.
  • They possess vast data and can nudge gamblers into risky behaviors.
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