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Against the Rules with Michael Lewis
Vegas Sports Bookies on Old-School Betting
Dec 17, 2024
Chris Andrews, a long-time Vegas sports bookie at South Point Hotel Casino, reflects on the evolution of sports betting. Jimmy Vaccaro, a veteran with a wealth of anecdotes, recounts the changes he's seen in the industry. Vinny Magliulo shares his unique journey from dealer to bookie. They discuss the origin of prop bets and why limiting smart bets can harm business. The trio offers a nostalgic look at how betting practices have shifted from traditional methods to today's player-focused wagering, emphasizing the vibrant history of Las Vegas gambling.
30:12
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Quick takeaways
- The evolution of sports betting in Las Vegas has shifted from basic point spreads to a diverse range of complex betting options.
- Personal histories and experiences of old-school bookies have significantly influenced their approaches to navigating the changing betting landscape.
Deep dives
The Evolution of Sports Betting in Las Vegas
The landscape of sports betting has significantly evolved in Las Vegas from the era when betting was limited to just point spreads. In the past, gamblers primarily wagered on the side or totals of games, with prop bets being a rare occurrence. Now, countless betting options are available, including unique propositions like specific player performances that weren't commonplace before. The introduction of more complex bets like teasers and the resurgence of the money line have diversified the betting menu dramatically.
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