Business of Betting Podcast

On this episode of the Business of Betting Podcast, Jason is joined by writer, David Hill to discuss his Rolling Stone feature - "Is the $11 Billion Online Sportsbook Bubble About to Burst?" Hear them discuss: 00:51 - David's transition from a union organizer to becoming a writer and how it shaped his immersive storytelling approach. 07:30 - David's upbringing in Hot Springs, Arkansas, a historic gambling hub, and its influence on his interest in gambling. 09:00 - The morality of gambling, societal parallels with alcohol, and reflections on how gambling's perception has evolved. 12:15 - The intertwining history of gambling and sports, including how gambling shaped early sports in America. 15:10 - The industry's current technological challenges, perceived stagnation, and its pricing inefficiencies. 20:30 - The debate around sports betting’s sustainability, public perception, and parallels with other industries. 30:20 - The societal costs of gambling addiction and the industry's responsibility in addressing problem gambling. 37:40 - Broader societal issues, including the impact of social media, and Jason's reflections on the parallels with sports betting. 41:10 - What’s next for David Hill after this in-depth exploration of the gambling industry. Read David's Rolling Stone feature here - Is the $11 Billion Online Sportsbook Bubble About to Burst? ⚡️ Follow BoB on Twitter/X ⚡️ Watch BoB on Youtube ⚡️ Follow Jason on Twitter/X ⚡️ Apply to be a guest here --- This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by Jeff Benson, Director of Operations at Circa Sports. Hear them discuss: 02:10 - How Jeff got started in the sports betting industry 03:30 - What brought Jeff to Circa Sports and his early impressions of the company 06:40 - The growth strategy for Circa Sports and its approach to expansion 08:05 - The unique aspects of Circa’s sportsbook operation model 10:50 - How Circa approaches customer service and client relations 12:35 - Circa’s philosophy on offering high betting limits and customer-friendly policies 15:10 - The challenges of balancing profitability with bettor-friendly practices 17:50 - Circa’s stance on responsible gambling and its approach to player protections 21:00 - The impact of sports betting legislation on Circa’s business 24:15 - Jeff’s perspective on the future of the sports betting industry and exchanges ⚡️ Follow BoB on Twitter/X ⚡️ Watch BoB on Youtube ⚡️ Follow Jason on Twitter/X ⚡️ Apply to be a guest here --- This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by his coach, Liam Forde, Founder and CEO of The Zone. Hear them discuss: 03:00 - How Jason first met Liam and began coaching with him 05:20 - Liam’s views on when strict coaching models may or may not work 06:30 - How to motivate employees without anger, and why clarity and responsibility matter 09:20 - How Jason’s coaching helped him shift from an “angry coach” approach 11:00 - The concept of “flow” and why rest is crucial to reach a flow state 12:20 - Why balance between work intensity and mental relaxation improves productivity 14:40 - Jason’s shift in perspective on health and wellness after working with Liam 20:10 - How Liam encouraged Jason to prioritize health through gentle accountability 24:00 - Balancing the demands of being a CEO with family life, and the impact on productivity 30:10 - Jason’s reflections on how being a CEO impacts his employees and their families 33:30 - The “superpowers” and challenges different types of CEOs typically face 36:00 - The ripple effects of a CEO’s energy and attitude on company culture ⚡️ Follow BoB on Twitter/X ⚡️ Watch BoB on Youtube ⚡️ Follow Jason on Twitter/X ⚡️ Apply to be a guest here --- This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by Sue Schneider, Co-Founder at Defy the Odds. Hear them discuss: 03:15 - How Sue got started in the betting industry 07:42 - The early days of online gaming and betting 12:33 - Challenges Sue faced in building an industry presence 16:50 - The evolution of regulatory frameworks in online gambling 21:17 - Key milestones in the global expansion of sports betting 27:20 - Sue’s role and experiences working at SBC 29:30 - The role of technology in transforming betting experiences 30:45 - Co-Founding Defy the Odds and setting its goals 34:12 - Differences in gambling regulations across regions 39:45 - Advice for those entering the gaming and betting industry today ⚡️ Follow BoB on Twitter/X ⚡️ Watch BoB on Youtube ⚡️ Follow Jason on Twitter/X ⚡️ Apply to be a guest here --- This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by Adam Small, founder of Third Planet Affiliates. Hear them discuss: 02:01 - Adam’s background and entry into the betting industry 02:40 - Election mania and its impact on business sentiment 03:24 - The role of affiliates in the betting industry 04:23 - Industry insights and trends impacting affiliates 13:44 - Reflecting on the affiliate sector's recent challenges 14:31 - Examining examples of affiliate revenue "baskets" 16:22 - Shifts in cost-per-click and SEO strategies 17:40 - Adam's journey into the affiliate industry 28:00 - Why Adam chose not to become a betting operator 29:30 - The appeal and challenges of being an affiliate 34:08 - The future of growth and potential reckoning in affiliates 37:00 - What’s next for affiliate marketing in betting ⚡️ Follow BoB on Twitter/X ⚡️ Watch BoB on Youtube ⚡️ Follow Jason on Twitter/X ⚡️ Apply to be a guest here --- This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason answers listener-submitted questions and shares his insights on the latest developments in the industry, including the proposed UK gambling tax, sweepstakes models, and NCAA player prop markets. Hear him discuss: 01:26 - His recent trip to Vegas and G2E conference highlights 03:30 - Impact of proposed UK gambling tax increase 08:00 - Sweepstake models and their rise in the United States 10:45 - Industry optimism from recent G2E and SBC conferences 16:53 - NCAA’s consideration of banning player prop markets due to social media abuse 22:41 - Why PolyMarket and Kalshi predict Trump as the 2024 election favorite, despite traditional polls showing a close race ⚡️ Follow BoB on Twitter/X ⚡️ Watch BoB on Youtube ⚡️ Follow Jason on Twitter/X ⚡️ Apply to be a guest here --- This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by Stuart Simms, the CEO of FairPlay Sports Media, recorded live at G2E in Las Vegas. Hear them discuss: 01:10 - The strategic shift from OddsChecker to Fairplay Sports Media 04:10 - Stuart’s personal health journey and diagnosis with cancer 08:20 - The impact of diet on health and cancer treatment 12:00 - Key takeaways from G2E and networking insights 13:30 - The changes in OddsChecker’s business model 16:40 - Acquisition of Quarter4 and integrating AI for predictive models in sports betting 19:30 - How AI and real-time data impact tools like Bet Builder 22:00 - The challenges of balancing transparency for consumers and relationships with bookmakers 25:40 - The pricing margins in sports betting 30:10 - Consumer price sensitivity in sports betting 32:00 - The future of betting exchanges and the role of user experience in adoption 33:50 - U.S. market opportunities for data-driven tools in sports betting ⚡️ Follow BoB on Twitter/X: https://x.com/bettingpod ⚡️ Follow Jason on Twitter/X: https://x.com/jasontrost ⚡️ Apply to be a guest here: https://www.businessofbetting.com/guest --- This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by Dean Sisun from ProphetX. Hear them discuss: 02:04 - The overview of ProphetX and the sweepstakes model 04:12 - Postmortem on why ProphetX moved away from the betting exchange model 08:40 - Challenges with regulatory models in the betting industry 10:00 - Exploring the novelty factor and customer acquisition 11:25 - Predictions for the future viability of betting exchanges in the U.S. 13:32 - Understanding how sweepstakes stacks up to traditional sports betting 14:00 - Legality of the sweepstakes model 16:00 - The mechanics of turning sweepstakes into a cash prize 18:40 - Companies operating in the sweepstakes sports betting market 25:53 - The challenges of implementing the peer-to-peer model 26:51 - Managing a remote team, while moving to Miami ⚡️ Follow BoB on Twitter/X ⚡️ Watch BoB on Youtube ⚡️ Follow Jason on Twitter/X ⚡️ Apply to be a guest here --- This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason is joined by Bill Pascrell, III (BP3) at the SBC Summit in Lisbon, Portugal. Hear them discuss: 01:20 Pascrell’s Journey and Industry Insights shared 02:32 Debating the morality of gambling practices 04:09 Personal reflections and upcoming ethics debate preview 11:32 The Intersection of politics and gambling industry 15:00 Advice on how to engage in political advocacy 18:04 Challenges in legalizing sports betting across states 27:24 Discussing state dynamics and tribal sovereignty issues 29:54 The New Jersey compromise and casino concerns raised 31:57 The role of tribes in political coalitions building 32:27 Public perception and media Influence on gambling 35:22 Political betting and regulatory challenges explained 42:05 Federal vs. state regulation of gambling industry 46:08 Election perspective and political divisions discussed ⚡️ Follow BoB on Twitter/X ⚡️ Watch BoB on Youtube ⚡️ Follow Jason on Twitter/X ⚡️ Apply to be a guest here --- This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Business of Betting Podcast, Jason returns after a summer break with his first solo "Office hours" episode, where he tackles questions surrounding regulation, prediction markets, bettor limits, the US presidential election, and the latest from within Smarkets. Hear them discuss: 01:00 - Jason’s summer break and family reflections 02:30 - Differences in French vs. American culture 05:00 - Kalshi's prediction markets and CFTC regulation 09:15 - Massachusetts Gaming Commission on limiting bettors 15:00 - The US presidential election race, and what the Smarkets markets are saying 45 days from the election 19:30 - Attending conferences like the upcoming SBC Summit and G2E 23:00 - Smarkets' current projects and updates ⚡️ Follow BoB on Twitter/X ⚡️ Watch BoB on Youtube ⚡️ Follow Jason on Twitter/X ⚡️ Apply to be a guest here --- This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry. Hosted on Acast. See acast.com/privacy for more information.