Risk of Ruin

Curtis, Phil, and Reilly are professional sports bettors that provide the valuable service of getting down for originating groups. They are logistics providers in the gambling world. They talk about starting as casino APs, finding sports, and having several hundred thousand dollars taken from them by a sportsbook. Find Reilly on X. https://twitter.com/ValleyBlitz_15 Support the show credit card links: https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/edit?usp=sharing Email us: risk of ruin pod at gmail Follow on X: https://twitter.com/halfkelly

Matt writes the blog "Miles Earn and Burn" which stands alone in the credit card space. He has no ads on the site, and he writes about advanced strategies that don't make it into the mainstream travel blog world. The post that got me interested in having Matt as a guest said basically: go to your local credit union and see if there's anything that you might be able to profit from. In the advantage play world that would be called scouting. In the manufactured spend world it's known as probing. https://milesearnandburn.com/index.php/2023/09/29/taking-a-stroll-to-the-local-financial-district/ Email the show: risk of ruin pod at gmail Follow us on Twitter: https://twitter.com/halfkelly

Mr. Doppy became an advantage player hustling the video poker game Ultimate X. Since then he's gone after online sports books, credit card points, and also a state lottery. Mr. Doppy's Twitter account: https://twitter.com/MrDoppy Support the show links: https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/edit Email the show: Risk of ruin pod at gmail dot com Follow us on Twitter: https://twitter.com/halfkelly

To this point we've published 33 podcast episodes covering everything from slot machines to hedge funds. This episode is Part I of an attempt to make sense of the guests, and make sense of the domain they operate in. To find the show on all of the platforms check out the Linktree. https://linktr.ee/johnreeder

To this point we've published 33 podcast episodes covering everything from slot machines to hedge funds. This episode is Part II of an attempt to make sense of the guests, and make sense of the domain they operate in. To find the show on all of the platforms check out the Linktree. https://linktr.ee/johnreeder

Kyle Boddy is the founder of Driveline Baseball, which promises data driven performance training. He is best known for training pitchers in baseball. Prior to his career in sports Kyle was a professional gambler. On this episode he tells stories about exploiting online casino bonuses, as well as shuffle tracking, and playing poker. Driveline Baseball: https://www.drivelinebaseball.com/ Follow Kyle on Twitter: https://twitter.com/drivelinekyle Blackjack Shuffle Tracker's Cookbook: https://www.amazon.com/Blackjack-Shuffle-Trackers-Cookbook-Arnold/dp/B001CH9S0I Beyond Coupons: https://www.lasvegasadvisor.com/gambling-with-an-edge/wp-content/uploads/2022/02/beyondcouponsbjfo.pdf The Risk of Ruin Newsletter: https://riskofruinpod.substack.com/?utm_source=substack&utm_medium=web&utm_campaign=substack_profile Email the show: risk of ruin pod @ gmail Follow us on Twitter: https://twitter.com/halfkelly

Marc Cohodes was the subject of the prior episode titled "Life's Too Short." Marc returns to the podcast to talk about figuring out the FTX scheme, using that to short Silvergate, and Signature Banks, and also the banking turmoil that has followed. Follow Marc on Twitter: https://twitter.com/AlderLaneEggs Life's Too Short https://podcasts.apple.com/us/podcast/lifes-too-short/id1527018692?i=1000498472731 Odd Lots episode with Sam Bankman-Fried https://podcasts.apple.com/us/podcast/sam-bankman-fried-and-matt-levine-on-how-the/id1056200096?i=1000531062191 Alan Lane on the Pomp Podcast https://podcasts.apple.com/us/podcast/alan-lane-ceo-of-silvergate-why-bitcoiners-shouldnt/id1434060078?i=1000457223824 Risk of Ruin Newsletter https://riskofruinpod.substack.com/ Follow the show on Twitter: https://twitter.com/halfkelly

Jeff Ma was a member of the MIT Blackjack Team. He told his story to the writer Ben Mezrich, who wrote a book titled "Bringing Down the House." The book was later made into the movie "21" which starred Kevin Spacey, Kate Bosworth, and Jim Sturgess. In addition to blackjack, Jeff talks about his career in tech where he has focused on using data and analytics to create value. Note: an earlier upload contained a claim that the Patriots were caught filming opponent practices. That has been corrected in the episode. They were accused of that, but they dispute it, and there was no evidence found. Links: The Bet the Process Podcast https://podcasts.apple.com/us/podcast/bet-the-process/id1291010585 Follow Jeff on Twitter: https://twitter.com/jeffma Risk of Ruin Substack: https://riskofruinpod.substack.com/ Email the show: risk of ruin pod at gmail Follow us on Twitter: https://twitter.com/halfkelly

Marc Cohodes made a living exposing fraudulent companies, and profiting when their stock prices collapsed. But the life of a short seller is spent on a high wire because executives willing to engage in fraud don't play by the rules when their freedom is at stake. Marc tells the stories of the adversity he's faced holding public companies accountable. Marc recounts the war stories from his shorts of iomega, TCBY, Lernout & Hauspie, Novastar Financial, Jos. A Bank, Bally Manufacturing, Direct Focus, and more. Follow Marc on Twitter: @alderlaneeggs Marc's Mimedx Website: http://petiteparkerthebarker.com/ Email the show: riskofruinpod@gmail.com Twitter: @halfkelly

An episode about the ever elusive idea of winning at craps using physical skill, aka dice control. Guests: Advantage player Frank B., PhD economist Robert Scott, and special guest Richard Munchkin. Risk of Ruin Newsletter: https://riskofruinpod.substack.com/ Links: Robert Scott's papers on dice control https://digitalscholarship.unlv.edu/cgi/viewcontent.cgi?article=1375&context=grrj https://digitalscholarship.unlv.edu/cgi/viewcontent.cgi?article=1415&context=grrj Gambling With an Edge episodes on dice control: https://www.youtube.com/watch?v=8iWapKXDCH0 https://podcasts.apple.com/us/podcast/gambling-with-an-edge-guest-frank-b-on-dice-control/id459476611?i=1000520531943 http://www.slot-machine-resource.com/podcasts/kc.mp3

Erik Seidel and Steve Zolotow were among the gamblers to come out of the storied Mayfair Club in New York City. The Mayfair inspired some of the locations in Rounders, and is also known for the breadth of success that its players have had in poker. The episode covers the history of the club, its bridge and backgammon roots, and the careers of Erik and Steve. Special thanks to Larry Bernstein. Email the show: Risk of ruin pod at gmail Twitter: @halfkelly Follow Erik on Twitter: @Erik_Seidel

In 2022 Elon Musk signed an agreement to purchase Twitter. Then all hell broke loose. This episode is about that merger, the investors that traded it, and the most valuable Twitter follow to come out of the saga. Guests: Chris DeMuth - Rangeley Capital https://twitter.com/ChrisDeMuthJr Evan Tindell - Bireme Capital https://twitter.com/evantindell Chance, Editor in Chief of The Chancery Daily https://twitter.com/chancery_daily Media Clips Used: Tesla 3rd Quarter Earnings Call https://www.youtube.com/watch?v=c_SOWBDCQnM David Faber, CNBC https://www.youtube.com/watch?v=ycx4b9-2nFU Yahoo News, Biden Administration Reviewing Twitter Deal https://www.yahoo.com/video/u-weighs-security-review-musks-010913575.html Carolyn Berger Appearance on CNBC https://www.cnbc.com/video/2022/07/13/twitter-is-in-a-very-strong-position-to-be-on-the-winning-side-says-ret-delaware-supreme-court-justice.html Elon Musk Sold Zip2 https://www.youtube.com/watch?v=s9mczdODqzo Peter Thiel Comments on Elon https://www.youtube.com/watch?v=Y11uX8X6iz4 Tesla Shareholder Meeting https://www.youtube.com/watch?v=49e7LrxS3FQ&feature=emb_title SEC Sues Musk Over Funding Secured Tweets https://www.youtube.com/watch?v=bjqp7LTb2B4&t=56s

Blair Hull played on the original Big Player blackjack team in the 1970s. He played with Al Francesco, Ken Uston, and ran into other pioneers of the game including Keith Taft. The Francesco teams were the subject of the book "The Big Player". After blackjack Blair moved into the financial markets where he used his proprietary options strategies to turn $25,000 into millions. Blair talks about his life searching for edges, and the lessons he learned. Links: Hull Tactical ETF Email the show: riskofruinpod@gmail.com Follow on Twitter: @halfkelly The Big Player on Amazon

Richard Munchkin and Darryl Purpose are career advantage players. Over the past 40 years they've teamed up to win millions of dollars from casinos. In this episode they recount some of the war stories and also offer reflections on the nature of teamwork. Darryl Purpose's music website: https://darrylpurpose.com/ Richard Munchkin / Gambing With an Edge: https://www.lasvegasadvisor.com/gambling-with-an-edge/category/podcast/ Earlier episode of Risk of Ruin featuring Richard and Darryl: https://podcasts.apple.com/us/podcast/david-goliath-part-i/id1527018692?i=1000493338179 James Grosjean's "Beyond Coupons": https://www.lasvegasadvisor.com/gambling-with-an-edge/wp-content/uploads/2022/02/beyondcouponsbjfo.pdf Email the show: risk of ruin pod at gmail Follow us on Twitter: https://twitter.com/halfkelly

Evan Tindell is a former poker player and now is the CIO of Bireme Capital. He talks about how he got into the market, and also his value investing based process for finding investments. Follow Evan on Twitter: https://twitter.com/evantindell Bireme Capital Blog Post on Meta: https://www.biremecapital.com/blog/pounding-the-table-on-meta Risk of Ruin Podcast Newsletter: https://riskofruinpod.substack.com/ Email the show risk of ruin pod at gmail. Follow the show on Twitter: https://twitter.com/halfkelly

Jim and Dan Pasko talk about their father and son sportsbetting operation. The Paskos use math to find positive EV bets like correlated parlays and player props. Jim Pasko has been a professional gambler for almost his entire adult life, first starting as a backgammon player during the heyday of that game. Dan joined him in professional gambling when they found opportunities with the early internet sportsbooks. Follow Dan on Twitter: @dan_pasko Follow the show on Twitter: @halfkelly Email the show: risk of ruin pod at gmail.

Jason Strasser is the co-founder and Chief Investment Officer of Caption Partners. While in college Jason became a high stakes poker player and was making $100k/month before he left competitive poker for Wall Street. Today he generates his edge trading options, looking for one-off events where the volatility of the options are mispriced by algorithms. Follow Jason on Twitter: https://twitter.com/strassa2 Email the show: risk of ruin pod at gmail Follow us on Twitter: https://twitter.com/halfkelly

Bill Perkins is a natural gas trader, a minor celebrity in the poker world, and the author of "Die With Zero." Bill talks about his start in the markets and becoming an energy trader. He tells the story of almost blowing up during an extremely cold winter. Links: Die With Zero https://www.diewithzerobook.com/ Bill's Twitter https://twitter.com/bp22 Bill's Instagram https://www.instagram.com/billperkins/?hl=en WSJ Article titled "The Last Cowboy" https://www.wsj.com/articles/bill-perkins-is-the-last-cowboy-betting-on-volatile-gas-markets-1501844400 Email the show: riskofruinpod@gmail.com Twitter https://twitter.com/halfkelly

Mickey Crimm hitchhiked to Laughlin with little more than a sleeping bag and a backpack. In the casinos there he learned to hustle slot machines and play video poker with an advantage. He made a career out of these advantages and built up a bankroll over the years. Bob Dancer arrived in Vegas with a bankroll of $6,0000. He eventually became a video poker pro and then later a millionaire. This episode is about playing casino machines with an advantage. Resources: Follow Risk of Ruin on Twitter: @HalfKelly Email the show: riskofruinpod@gmail.com Follow Mickey Crimm on Twitter: @MickeyCrimm Bob Dancer's autobiography, Million Dollar Video Poker Gambling With an Edge

John Hempton runs Bronte Capital, which generates its excess returns primarily through shorting fraudulent companies. John walks through a hypothetical short, explaining how they find it, how they size positions, and the kinds of returns that can be expected. He also discusses his shorts of Valeant Pharmaceutical and Wirecard. John Hempton on Twitter: https://twitter.com/John_Hempton John's Blog: http://brontecapital.blogspot.com/ Netflix documentary on Valeant: https://www.imdb.com/title/tt7909184/ Email the show: riskofruinpod@gmail.com Follow the show on Twitter: https://twitter.com/halfkelly