john netto sports betting

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The bookie has indicated that it could close up to outlets, with the number of closures ultimately dependent on how gamblers change their habits. William Hill is making progress in fulfilling its American ambitions. Since legislation banning sports betting was overturned in May, six states have legalised this form of gambling, and William Hill is present in all six. Sign in Register. Join our community of smart investors Subscribe. Investment Ideas. A non-cash impairment on the UK retail business wiped out full-year profits.

John netto sports betting brandy on bet

John netto sports betting

On the other hand, people who bet are often caught in the vicious circle of betting that leads them towards very dangerous situations. Some institutions that deal with the addiction research have classified sports betting or gambling in general as one type of addiction. In this piece, we will be bringing you ashort overview of some documentaries that have researched the topic of sports betting from different perspectives.

Las Vegas has been the center of gambling industry for a long time now and sports betting has been part of that industry as well. Life on the Line takes a look at the Las Vegas sports betting scene and it focuses on a specific sports event, namely the Super Bowl.

The documentary follows the story of Jay Kornegay, John Netto, Steve Fezzik, Ted Sevransky, and several other persons involved in the world of sports betting. With the series of interview with previously mentioned bettors, Isaac Feder is taking a viewer on the road to the usually closed world of professional sports bettors. The documentary follows the title characters through their betting process in the time of Super Bowl XLV, anevent which has become the most important betting event for all sports bettors in the USA.

All the characters in this documentary indicate that sports betting or gambling, in general, is a part of our culture that should be legal in the entire country and not only in one state. The Fantasy Sports Gamble is investigating sites such as DraftKings or FanDuel which have been operating as online sports betting providers for a long time.

This documentary revealed that these sites have been winning money on each other sites which caused the state authorities to ban previously mentioned websites. Both of these sites are actually fantasy sports sites where people would bet on the outcome of fantasy matches or the achievements of individual players. Both sites managed to used the loopholes in the law and provide sports betting in many states because the authorities characterized these sites as entertainment and not sports betting.

People who have lost money on these sites also have something to say about that issue. Betting on fantasy sports is not illegal, at least not yet, and websites that provide similar services have gained huge popularity and power in the betting industry and they are signing partnerships with huge TV networks and sports associations across the entire United States.

Jimmy Snyder was the most popular oddsmaker in the entire country even before he became popular in the entire country as asports commentator. This documentary is the story of his life and his involvement in the sports betting industry in the United States.

According to some, The Greek was a criminal and he was once arrested for betting across the state border. However, the documentary does not focuses a lot on that side of the story. Jimmy Snyder was involved in sports betting in one way or another from his early twenties and he came up with the principle of determining the right ways to give points spreads during the pre-game show that he has been presenting.

In that way, The Greek brought sports betting closer to a huge number of people that had the opportunity to see the system that Snyder has been using for years. His career ended abruptly after comments he made during the live show but he will be remembered as one of the pioneers of NFL pre-game broadcast as well as one of the biggest figures in the sports betting industry.

Vice World of Sports: The Line is one of the episodes of the Vice Worlds of Sports documentary series about the sports betting and the influence on betting on the world of sports. This documentary series takes us on a trip from Ghana to Serbia where the author tries to uncover issues about sports betting.

Each minute episode is aclear example of sports investigative journalism as each episode brings some new elements about the world of professional sports and what happens in the background. Vice World of Sports: The Line episode focuses on gambling or betting aspect of professional sports. This episode covers many scandals from the world of sports-related to betting but throughout the entire episode, the question whether or not, betting on sports is illegal.

Additionally, the episode also deals with the issue of how to define sports betting because some have found new ways and approaches to sports betting that are using the loopholes in the law that regulates sports betting in the United States. Now Place Your Bets is one of the best documentary movies that deals with the issue of sports betting.

It investigates the dramatic rise of sports betting that is legal in the Las Vegas, Nevada, United States and how it became an industry worth several billions of dollars. Now Place Your Bets features in-depth interviews, video recordings and photographs, and other material that provide very good insight into the world of sports betting in Las Vegas. This documentary also takes a look at the role that Las Vegas had in the development of sports betting industry in the United States.

Using the fact that sports betting is legal in Nevada, Las Vegas has become the biggest betting center in the entire country. Now Place Your Bets features some of the pioneers of sports betting, oddsmakers, bookmakers, journalists, professionals gamblers, as well as historians who have witnessed the rise of Las Vegas and the rise of sports betting industry in the United States and the world in general.

This documentary is also exploring the issue of betting as a part of the culture in the United States and how actually the drive for competition fuels the drive for sports betting. The movie depicts the world of sports betting like no other movie before as it provides aninterview with the people who have been involved in the sports betting from the early days. Neither of them has a real work and they make their entire living by betting on different sports.

The documentary follows four bettors in their process of placing bets and selecting features on which they will bet. The movie starts with the scene where The Shrink is planning his next bet on basketball games. Those bets did not turn out the best as he managed to win some but he also lost a lot. Weitzner or The Shrink is a part of this documentary even though he committed suicide three weeks after the author of this documentary finished interviewing him.

Apparently, the reasons why he committed suicide were hug gambling losses that he suffered while betting on different sporting events. This documentary deals with the dark side of the sports betting and at one point in the movie, characters realize that it was time to leave Las Vegas as it has become too overwhelming for them to handle that situation. This documentary also deals with the consequences that betting losses can have on someone and the people around that person.

Billy Walters is one of the biggest names in the sports betting industry in the world. That's pretty devastating to be honest with you. Both good and bad is as I've just demonstrated. So really it comes down to okay, was there something wrong with my model, all right, and for me, I can't fault myself for trying to press my winners, that's a pretty laudable thing. I'm going to press my winters and try and build more winners.

But the process of doing that didn't fully take into account how I assess market positioning. That was a day that the position I wanted to put on was already overweight with a lot of people in the market already. And that's something I just simply didn't give enough weight to. There were already a lot of people looking for a more dovish Fed statement. Instead, what the Fed did was come out and say, guess what guys? We're going to hike rates, for the first time at the December meeting of , for the first time in eight years.

And that move, if you look back to October 28th of , you'll see an enormous sell-off in treasuries, enormous sell-off in gold, an enormous rally in the dollar, an enormous selloff in Aussie dollar, Kiwi, emerging market currencies everywhere.

And actually on the release that I actually went long and bought all of those. So the discipline that I learned from 15 years earlier and it evolved in my career was I cut the loss super quick. So even though I lost a third of what I had made, my process for getting out quickly, for realising that my model had scored this totally F'ing wrong, I totally blew the score on the model, that I saw that. And instead of being in shell shock about what had happened, I only lost , instead of 4 or , had I held on two minutes longer, I'd be down half a mil, you know what I mean?

And that's not any good either. This is The Artful Trader, uncovering the highs and the lows to mastering the art of the financial markets. Being a good macro trader is like being an explorer, seeking out those unknown territories before everyone else. As marijuana moved from the black market to the medical mainstream, we make James Helliwell, who dared to trade where others feed to tread.

James Helliwell: So we began to get an understanding of user preferences and I think most importantly from that how attitudes were changing, in terms of tolerance or acceptance of cannabis for recreational purposes and also for medical usage. That's a huge number. Michael McCarthy : You can hear all of our previous interviews at theartfultraderpodcast.

Well, we've been through the pain. Let's go to the other side of the coin, John. Some trades that were memorable because they were so good. John Netto : Yeah, and this is something that you know, in the book I thought it was really critical that we operate from a level of transparency. People who have read the Global Macro Edge, as you touched on at the top of the of the podcast can reference early on in the book where I have a CPA come in and audit my returns over six years.

And so, you know the best month during that time actually goes to July of where I made close to a quarter million dollars. But by understanding that Ben Bernanke and the taper tantrum that happened in May of , in essence where the Fed telegraphed that they were going to be more data dependent and not based on a calendar basis. And so what that meant was that economic data was now going to be more fully priced into the market. And the market had a hard time after so many years, you know, adjusting to the fact that we are now data dependent and no longer on a calendar basis, to where okay well the Fed says, we'll hike in two years from now or we'll hike in four years from now.

We'll freaking hike when the market starts to get hot boys and girls, and the market, that meant that all of a sudden economic data had real meaning again. And so understanding that and understanding the solve and the bond market, I got really short treasuries and I just kept pressing these bets. So on what was like initially really 25 or 30, of risk. Just keep pressing my winners and pressing my winners. And pressed them going down.

But that's, you know, that's how you're supposed to do it Mike. John Netto : Yeah, absolutely, so that's what stands out as a great day. And so It's critical that if you go flat for two or three or four months that you have this kind of granularity of your system that you can understand and appreciate that these swings or lulls can be very much a part of even the most robust system, which frankly mine's pretty damn robust.

John Netto : The Netto Number actually has gone through a couple of adaptations or evolutions. The first time I coined it was back in , when I used it as a way in my first book, One Shot, One Kill Trading to diagnose the robustness of a particular trade, and we incorporated things like where markets were relative to Fibonacci levels, where they were relative to moving averages, critical support.

I wanted to give a base quantitative framework for the readers to begin to systematise the robustness of a trade setup. Okay, so that was the first use of the Netto Number. As time evolved and as I evolved as a trader, the Netto Number came to encapsulate something even more, and so what the Global Macro Edge does and really what the Netto Number does is it's completely recalibrated how we assess a manager, a strategy or a market on a return per unit of risk basis.

So most books, most systems, most strategies simply look at things based on their returns. What I espouse and what the Netto Number teaches you to do is to look at things based on returns per unit of risk. And the Netto Number provides a methodology, a very simple methodology to answer that question. John Netto : Man, that's a great question. I do subscribe to the belief that to whom much is given, much is expected, and I'd probably argue that even you Mike, like why is it that you do what you do?

It's not just about you like analysing the markets, you like sharing, you like teaching, you like the collaboration that comes from the markets. You like the camaraderie that comes from the markets. And so when I think about, you know, why is it we do what we do and why the contributing authors contributed what they contributed. It's as much about that sense of duty that compelled me to serve in the Marine Corps is very much a part of my and our ethos.

And for me it's a call to action. What is my call to action? What is it that I can do to leverage? I'm not only myself, but leverage on the investment community out there. And my call to action is the global macro edge, my call to actions the Netto Number which teaches people how to recalibrate, how they look at an investment portfolio and incorporate a true three dimensional perspective.

And not only measuring a manager based on what their returns are, and not only measuring a manager based on what their risk-adjusted returns are, but to incorporate a third dimension. And that third dimension is measuring a manager based on how much-predefined risk they had.

So to have a successful portal economy you need a call to action, and then you look at Facebook or Twitter or Airbnb, they leverage tens of thousands, hundreds of thousands, millions of people from their portal. And so commercially for me, The Global Macro Edge represents a portal to bring on investment professionals, advisors, hedge fund managers, investors that can all synchronise themselves around these concepts, which quite frankly are just better ways of doing business.

That's freaking powerful, and that is a catalyst and a portal to attract thousands, if not tens of thousands of people and launch a revolution in the investment industry. Michael McCarthy : And it's that passion clearly that drove you to write the book. John, how long did it take you? John Netto : Don't remind me Michael, you trying to rub salt in the wound on this?

It was quite a journey and I'm glad it took the time that it did because it wouldn't have come out the way it did had it not gone on that respectful journey, from both a content and time perspective, and temporal perspective.

And so I began writing it in March of and the last edit was made in September of , and literally we had the copies in late September, when we went on our first book tour in New York City to do the prelaunch. So it was five and a half years. I spent close to hours, weekends, over a dozen plane trips, probably closer to 20 plane trips all around the country. Literally the book went through six or seven different title changes. It became The Global Macro Edge because as I was recording my performance, and you can see this crescendo building, but frankly the strategies that I was using were also evolving.

My traders thought was also evolving, how I understood market positioning, how I incorporated the macro narrative, and so we came up with a title, The Global Macro Edge. Because The Global Macro Edge is the ability to apply the underlying macro narrative to a number of robust trading strategies and dynamically allocate those strategies based on their probability of success. If you're in one kind of macro environment then certain strategies will work better than if you're in another macro environment.

And so that global macro edge, the ability to effectively gear or lever your exposure to what strategies will work the best in those environments and we constructed the book to match those phases. Michael McCarthy : So let's cut to it, what are the major macros that are shaping markets and opportunities at the moment?

John Netto : So I think that there's tremendous opportunities in the energy space. I think crude oil right now has a lot of opportunity just being long gamma or just being long a lot of basic option structures. I think that crude volatility on a day basis is price correct. I think crude volatility on a one to two-week basis or the gamma around that day optionality is significantly mispriced and so what we're seeing is a market that has transitioned from being a market that pays attention to tier one data like CPI, like a nonfarm payroll, like a Fed event.

We've actually seen that on a relative basis these Fed events, The Bank of England events, the RBA events are largely telegraph and inconsequential. But what does matter and what we do have to position ourselves for is this sort of fake news environment where people are moving on innuendo, they're moving on a Chinese Yuan fix, which is actually more conducive to someone who trades on Australian hours than someone who trades on American hours.

And I've been able to take advantage of that in of that mispricing of optionality, at least short-term optionality. While long-term optionality is more appropriately priced. But understanding that difference of the Volcker, volatility curve, has presented a great opportunity. And then lastly I would say, on a bigger macro level, what kind of problems exist from this run-up in asset prices, and this is a high-quality problem, but a problem nonetheless is, hey people who own homes, at least in the US, and I know Sydney has seen record real estate appreciation as well throughout many parts of Australia.

People have a disproportionate amount of their net worth tied up in their home. And you would say, well John, why does that matter? And the real estate market, which has 80 to trillion dollar global market is so dysfunctional, is so inefficient that the person can't access that wealth because of all this appreciation in the last 10 years without the burdens of taking on debt.

So I'm looking to companies who have innovated in the real estate space, where even the most incremental of edges can amount to huge, can amount to billions of dollars in profits. And so for me, when I look at investments, whether it's on a tactical level like we talked about with crude, or whether it's on a macro level like we talked about with real estate, they need to have three things.

One, they need to generate a return per unit of risk, like I talked about as measured by the Netto Number. So I want to know based on what I'm really risking, what kind of return I can get. Number two the investment needs to solve a problem, the more systemic the problem, the more extreme the problem, the more sustainable and the more viable the solution is.

If you have a big problem Mike, that solution's not going to be solved overnight. So that investment it more durable, it's more sustainable, and it really has a chance to yield tremendous results. And then the last thing is, does the structure add value to it? So if I look at this real estate trade, does the structure of providing liquidity to homeowners allow me to participate in the upside appreciation while mitigating my downside losses.

And the answer is yes to that. So every investment decision, every trading decision I make ideally meets those three things. Michael McCarthy : But it's a key issue raised here John, that solving problems is a potential source of profit, not just in marketing but across markets.

And the bigger the problem, the bigger the potential reward in solving it. Is that right? Michael McCarthy : We've talked a lot on this podcast series about traders overcoming or analysing their emotions, and the psychologist to traders Denise Shull wrote a chapter in your book, The Global Macro Edge, can you talk about that process?

John Netto : Denise Shull is someone who I have a tremendous amount of respect for. We've worked together on repeated occasions. We've done multiple live trading webinars together. One webinar that we reference in chapter 19, it's really cool because I'm trading live futures. She's analysing me for an hour and a half while I'm trading live, asking me questions about what I'm thinking and really trying to demonstrate to the audience the power of emotions, and really the power of intuition when channelled correctly as an additional analytical tool in terms of one's trading.

And so what we do in chapter 19 is actually create, we call a fear of missing out spectrum, a FOMO spectrum where I define quantitatively my range of emotions. And on one side of it all I have is fear of losing money.

And on the other side of it I have no fear whatsoever. I'm completely oblivious that I can even lose any money whatsoever. And really in the middle of the batches where I have a healthy respect for what I can lose, but I also understand the authentic opportunity that exists and how I have to act on it, and that's of the balance point.

And so we provide actually some colour for people to not only begin to record their own emotions and record their own feelings and to really provide a more granular analysis of what those may look like, but also how they can incorporate that into their own process and really create a more robust qualitative framework to analyse the markets. Because what I've found is, is that at times when I put on trades where I have absolutely little or no respect for the fear side of it, a big move is coming.

And most likely it will be against me. There's no way it's going to turn around. This is so amazing because I'm like most traders, I love being a short in a falling market. It's cool. The market's falling, it's dumping. It pays you so fast. I mean it's just almost as good as sex. And it's just incredible in terms of just what amazing exhilaration it is to catch that move on the downside, and you just feel so manly and so on top of the world.

But that can work against you, and especially if you're caught in a year bull market where that rarely happens. If that's what you're playing for it can be quite problematic. And so for me, I came to discover that when I have those feelings, as rare as they are, then it's actually a great time to be long optionality, and so by buying calls to the upside, you could still play your downside and manage it, but you definitely want to be long optionality during those times.

When you get into a position and you believe that it's absolutely impossible for you to lose money. That needs to be a real warning bell. Because we deal in markets that are at least efficient enough where just the noise factor alone can shake you out. And having some type of viable exposure to the opposite side needs to be strongly considered at that point. I talk about actually in chapter 19 and show accounts statements of where I used my intuition and actually I felt this fear to add to position size.

I felt this fear, but it was a healthy fear though; I should say a better word is tension. I felt this tension that said, John if you add to this, you could actually have all your profits wiped out. But it wasn't a fear, and it was my analysis combined with this tension that gave me a strong indication that I should add to it.

So I was short 20 treasury contracts, than 50 treasury contracts then And at that point in time, most people are like, dude, you've got enough size, and I'm like, no, I still feel this tension. I still feel this uncomfortable sense in my stomach about holding this short, and as long as you feel that sense, that uncomfortable sense, for me, normally that's a good sign that the market's going to keep moving in that direction.

It's when I begin to feel comfortable and i IM my friends about how awesome I am, and look, I made this trade. Dude, you're done, dude, you are done at that point alright. You need to cover your position and get the F out of dodge, because when you feel comfortable enough to tell your friends and brag to your colleagues, that dude I just shorted treasuries and caught 12 basis points there.

God, I'm awesome. No dude, you're done. You're totally done. Success is about understanding incremental edges, and the question you should make about every investment decision, or about every research decision before you add to your whole ecosystem should be what kind of incremental edge will this give me in terms of my application. And I think if people take that probabilistic approach and say, okay, if I purchase this thing here, or if I lease this thing or if I subscribe to this research, I can theoretically increase my edge from here to here, and then what does that do to my bottom line.

Well in the example I just gave you, that could be the difference between making 14 percent in a year and 22 percent in the year. That can be the difference from paying your bills and not being able to make a living and having to work a part-time job, to actually doing this full time. So incremental edges are the foundation for tremendous success. John Netto : Mike, it was an absolute pleasure to finally meet up and sync up with you. For more information about John, go to his website, theproteantrader.

Or listen to The Artful Trader on your favourite podcast app. The information in this podcast is general in nature and does not speak to your personal financial situation. I'm Michael McCarthy and thanks for listening. This is The Artful Trader.

What is ethereum? Cryptocurrency trading examples What is a blockchain fork? What are the risks? How do I fund my account? How do I place a trade? Do you offer a demo account? Search for something. Love the trade: How passion gives you the edge with John Netto Share. The Artful Trader. Series 3 episodes. Episode 8. Confidence is in the process - Mouhammed Choukeir. Confidence is in the numbers - Harry Crane. Learning from your losses - Pat Rafter.

Confidence in your worst-case scenario - Dave Floyd and John Netto. Confidence is below the surface - Sara Laamanen.

SPORTS BETTING BLOGSPOT

This is also the first indication of how the event will unfold. Will the market rally or sell off? Will the quarterback be on his game or fold under the pressure? Risk is in the DNA of any professional sports bettor and trader. In order to make money they need to take on risk, but wagering too much on a play can devastate their bankroll. No matter how confident you are about the outcome of the Super Bowl or where the stock market is headed, over-exposure can leave a professional speculator looking for a new job.

Flexibility is a key ingredient in becoming a great trader or sports bettor. The market will not react or move in the way we think it should. Sports teams may not play in the way we think they should. Having the ability to recognize this and either get out of the bet or exit the position is a critical component to being successful. Halftime and lunchtimes are a time for peace and calm if you are a sports investor or a Wall Street trader.

Wall Street traders use lunch to go over the mornings trades and figure out a strategy for the afternoon. Your friends will likely be filling their salsa bowl and drinking another beer. But if you're betting, you'll likely be placing second-half wagers and contemplating what adjustments both sides are making at half time. The non-linear nature of time decay of an option during the final few days before expiration can greatly resemble the dying seconds of a football game where the winner has yet to be determined," Netto said.

Traders and sports bettors must have sharp instincts and rely on their intuition a lot. Many times the right trade or bet comes naturally and goes beyond the numbers. Intuition helps helps you see a market that is selling and ready for a rally, or a team that has been playing poorly and is about to turn it around.

The total will also adjust and go from 55 to Then say the Giants take the next possession and drive 7 plays to midfield and are forced to punt back to New England and New England starts their next drive at the 20 yard line with left. The total will drop back to The total will adjust to The Patriots end up settling for a FG on this drive and lead with left in the first quarter. The updated total will be 58 and New England will be Keep in mind under this scenario, the Giants will be receiving the next kick off and the kick off to start the 2nd half so in essence have a two-for-one possession advantage getting points.

So let's fast-forward to the end of the first half. The Giants have come back to take a halftime lead. The total points of 30 and underdog Giants leading by 4 at halftime will see an adjusted in-game price of NY Giants -3 with a total of In essence, the second half would have New England as a 1 point favorite, putting a Giants 3 pt victory as the break even point, and a total of Netto explains "there has been a seminal change in the sports betting world with the proliferation of in-game wagering, or betting on the outcome of a game on a play-by-play basis.

Technology has played a major influence, as the demand for more customized media allows many fans around the world to view and wager on the events involving their favorite teams. However, the documentary does not focuses a lot on that side of the story. Jimmy Snyder was involved in sports betting in one way or another from his early twenties and he came up with the principle of determining the right ways to give points spreads during the pre-game show that he has been presenting.

In that way, The Greek brought sports betting closer to a huge number of people that had the opportunity to see the system that Snyder has been using for years. His career ended abruptly after comments he made during the live show but he will be remembered as one of the pioneers of NFL pre-game broadcast as well as one of the biggest figures in the sports betting industry. Vice World of Sports: The Line is one of the episodes of the Vice Worlds of Sports documentary series about the sports betting and the influence on betting on the world of sports.

This documentary series takes us on a trip from Ghana to Serbia where the author tries to uncover issues about sports betting. Each minute episode is aclear example of sports investigative journalism as each episode brings some new elements about the world of professional sports and what happens in the background. Vice World of Sports: The Line episode focuses on gambling or betting aspect of professional sports. This episode covers many scandals from the world of sports-related to betting but throughout the entire episode, the question whether or not, betting on sports is illegal.

Additionally, the episode also deals with the issue of how to define sports betting because some have found new ways and approaches to sports betting that are using the loopholes in the law that regulates sports betting in the United States. Now Place Your Bets is one of the best documentary movies that deals with the issue of sports betting.

It investigates the dramatic rise of sports betting that is legal in the Las Vegas, Nevada, United States and how it became an industry worth several billions of dollars. Now Place Your Bets features in-depth interviews, video recordings and photographs, and other material that provide very good insight into the world of sports betting in Las Vegas. This documentary also takes a look at the role that Las Vegas had in the development of sports betting industry in the United States.

Using the fact that sports betting is legal in Nevada, Las Vegas has become the biggest betting center in the entire country. Now Place Your Bets features some of the pioneers of sports betting, oddsmakers, bookmakers, journalists, professionals gamblers, as well as historians who have witnessed the rise of Las Vegas and the rise of sports betting industry in the United States and the world in general. This documentary is also exploring the issue of betting as a part of the culture in the United States and how actually the drive for competition fuels the drive for sports betting.

The movie depicts the world of sports betting like no other movie before as it provides aninterview with the people who have been involved in the sports betting from the early days. Neither of them has a real work and they make their entire living by betting on different sports. The documentary follows four bettors in their process of placing bets and selecting features on which they will bet.

The movie starts with the scene where The Shrink is planning his next bet on basketball games. Those bets did not turn out the best as he managed to win some but he also lost a lot. Weitzner or The Shrink is a part of this documentary even though he committed suicide three weeks after the author of this documentary finished interviewing him.

Apparently, the reasons why he committed suicide were hug gambling losses that he suffered while betting on different sporting events. This documentary deals with the dark side of the sports betting and at one point in the movie, characters realize that it was time to leave Las Vegas as it has become too overwhelming for them to handle that situation. This documentary also deals with the consequences that betting losses can have on someone and the people around that person.

Billy Walters is one of the biggest names in the sports betting industry in the world. He is the most successful sports bettor in the entire United States and over the years, he has accumulated immense wealth only by betting on sports events. Billy Walters was never kept on media presence and because of that, he did not expose himself a lot to the public. However, everybody in the sports betting industry knew the name Billy Walters because of his rate of successful bets.

This episode of 60 Minutes, explores the life of Billy Walters as he provides ajournalist with the insight into his home, his daily life, and his betting operation. However, just as it was expected, he never revealed his secret behind his bets. He said that he has anentire team that works on sports bets but that was not the case and that he uses that team only because he can afford it. Back in the days, when he was starting his betting career, he had to rely only on himself and his ability to betsuccessfully.

Billy Walters also revealed that it can happen that he has a bad week or even a month with sports betting but the year always ends amazingly well for him. Through the interviews with Billy Walters and people that are the closest to him, we have an opportunity to see the man behind the legend of Billy Walters. The Gambling Mafia and International Sports Betting is the documentary that investigates sports betting and match-fixing in different divisions of German football.

The initial stages of the documentary deal with the match-fixing in the Under 16 competitions in Germany and the involvement. This documentary also explores how sports betting has been influencing the world of professional sports and how often young players are the victims of the match-fixing campaigns and that they are not even aware of the fact that they are fixing a match. With clear examples of matches that were fixed for betting profits, The Gambling Mafia and International Sports Betting provides more than valid evidence that some of the biggest football competitions in the world are not immune to match fixing conducted by sports betting mafia syndicates.

This documentary explores the connection between sports and sports betting in Nigeria as well as in the entire African continent. Besides that, this documentary also explores the connection between sports and betting houses as it is not known whether sports or sports betting has more fans in Nigeria. Interestingly, the documentary takes another look at the issue of sports betting through the mathematical perspective. This documentary also takes a look at one of the biggest sports betting providers in Nigeria, UBC and the role of this international company on the society in Nigeria.

In the last part of this documentary, the author explores the need of regulation the matter or gambling including sports betting.

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Jimmy Snyder was involved in sports betting in one way or another from his early twenties and he came up with the principle of determining the right ways to give points spreads during the pre-game show that he has been presenting. In that way, The Greek brought sports betting closer to a huge number of people that had the opportunity to see the system that Snyder has been using for years.

His career ended abruptly after comments he made during the live show but he will be remembered as one of the pioneers of NFL pre-game broadcast as well as one of the biggest figures in the sports betting industry. Vice World of Sports: The Line is one of the episodes of the Vice Worlds of Sports documentary series about the sports betting and the influence on betting on the world of sports. This documentary series takes us on a trip from Ghana to Serbia where the author tries to uncover issues about sports betting.

Each minute episode is aclear example of sports investigative journalism as each episode brings some new elements about the world of professional sports and what happens in the background. Vice World of Sports: The Line episode focuses on gambling or betting aspect of professional sports. This episode covers many scandals from the world of sports-related to betting but throughout the entire episode, the question whether or not, betting on sports is illegal.

Additionally, the episode also deals with the issue of how to define sports betting because some have found new ways and approaches to sports betting that are using the loopholes in the law that regulates sports betting in the United States. Now Place Your Bets is one of the best documentary movies that deals with the issue of sports betting. It investigates the dramatic rise of sports betting that is legal in the Las Vegas, Nevada, United States and how it became an industry worth several billions of dollars.

Now Place Your Bets features in-depth interviews, video recordings and photographs, and other material that provide very good insight into the world of sports betting in Las Vegas. This documentary also takes a look at the role that Las Vegas had in the development of sports betting industry in the United States. Using the fact that sports betting is legal in Nevada, Las Vegas has become the biggest betting center in the entire country.

Now Place Your Bets features some of the pioneers of sports betting, oddsmakers, bookmakers, journalists, professionals gamblers, as well as historians who have witnessed the rise of Las Vegas and the rise of sports betting industry in the United States and the world in general.

This documentary is also exploring the issue of betting as a part of the culture in the United States and how actually the drive for competition fuels the drive for sports betting. The movie depicts the world of sports betting like no other movie before as it provides aninterview with the people who have been involved in the sports betting from the early days.

Neither of them has a real work and they make their entire living by betting on different sports. The documentary follows four bettors in their process of placing bets and selecting features on which they will bet. The movie starts with the scene where The Shrink is planning his next bet on basketball games. Those bets did not turn out the best as he managed to win some but he also lost a lot. Weitzner or The Shrink is a part of this documentary even though he committed suicide three weeks after the author of this documentary finished interviewing him.

Apparently, the reasons why he committed suicide were hug gambling losses that he suffered while betting on different sporting events. This documentary deals with the dark side of the sports betting and at one point in the movie, characters realize that it was time to leave Las Vegas as it has become too overwhelming for them to handle that situation.

This documentary also deals with the consequences that betting losses can have on someone and the people around that person. Billy Walters is one of the biggest names in the sports betting industry in the world. He is the most successful sports bettor in the entire United States and over the years, he has accumulated immense wealth only by betting on sports events.

Billy Walters was never kept on media presence and because of that, he did not expose himself a lot to the public. However, everybody in the sports betting industry knew the name Billy Walters because of his rate of successful bets. This episode of 60 Minutes, explores the life of Billy Walters as he provides ajournalist with the insight into his home, his daily life, and his betting operation.

However, just as it was expected, he never revealed his secret behind his bets. He said that he has anentire team that works on sports bets but that was not the case and that he uses that team only because he can afford it. Back in the days, when he was starting his betting career, he had to rely only on himself and his ability to betsuccessfully.

Billy Walters also revealed that it can happen that he has a bad week or even a month with sports betting but the year always ends amazingly well for him. Through the interviews with Billy Walters and people that are the closest to him, we have an opportunity to see the man behind the legend of Billy Walters. The Gambling Mafia and International Sports Betting is the documentary that investigates sports betting and match-fixing in different divisions of German football.

The initial stages of the documentary deal with the match-fixing in the Under 16 competitions in Germany and the involvement. This documentary also explores how sports betting has been influencing the world of professional sports and how often young players are the victims of the match-fixing campaigns and that they are not even aware of the fact that they are fixing a match.

With clear examples of matches that were fixed for betting profits, The Gambling Mafia and International Sports Betting provides more than valid evidence that some of the biggest football competitions in the world are not immune to match fixing conducted by sports betting mafia syndicates.

This documentary explores the connection between sports and sports betting in Nigeria as well as in the entire African continent. Besides that, this documentary also explores the connection between sports and betting houses as it is not known whether sports or sports betting has more fans in Nigeria. Interestingly, the documentary takes another look at the issue of sports betting through the mathematical perspective.

This documentary also takes a look at one of the biggest sports betting providers in Nigeria, UBC and the role of this international company on the society in Nigeria. In the last part of this documentary, the author explores the need of regulation the matter or gambling including sports betting. Currently, gambling industry in Nigeria is operating under only a few regulations and the documentary takes a look at this issue and whether or not the authorities are preparing new regulations.

Yes, of course, I have been to the cinema and have seen various plays as well. However, would I have gone to see Rent or Les Miserables had I not been heavily influenced by my female companion? Call me unworldly, but the answer is a probably not. Okay, fine, definitely not. The sportsbooks would probably not even offer this as an option.

As for movies I enjoy, well, I have been heavily engrossed into westerns as of late. Also, I absolutely love documentaries. Netflix seems to have some really good ones out there currently about crime, alien encounters and whatever else. Below are my top picks for really solid sports handicapping documentaries. Not in any particular order.

Initially aired in and available on YouTube, this documentary investigates online sports betting and emphasizes the emergence of fantasy sports. The Fantasy Sports Gamble examines precisely how a loophole in the Unlawful Internet Gambling Enforcement Act of enabled fantasy sports to develop into a multi-billion dollar industry. The run time for this documentary is a little less than an hour long. Below is the full documentary available on YouTube. Some professional handicappers decide to make money wagering on their own handicapping skills and picks.

Others will promote their picks to the public for a fee. Many more, will prosper by doing a combination of both. The run time for this documentary is under an hour long, and you can find it on YouTube. Quite honestly, the documentary has an aura of a phony interview with a pre-planned response to every question asked.

I would not be surprised if someone told me the interviewer was actually a computer generated voice. It is, however, fairly interesting and much of what is discussed does have merit. I do remember watching Jimmy the Greek on Television when I was much younger. Given the ongoing records of many of the commentators making predictions today, I remember him being fairly good at it.

Jimmy The Greek was fired after making comments about African American athletes, claiming many were bred to be exceptional athletes during slavery. Whether you believe his comments were insensitive and extremely racist, or you believe they were simply off the cuff comments, with no intent, and subject to the wrath of public scrutiny, you have to be interested in this documentary.

From , this documentary touches upon the darker side of sports handicapping, as it follows a number of professional sports gamblers who make their living from only handicapping sporting events. This documentary presents the darker side of the sports gambling genre and dives into the consequences that a professional handicapper may need to deal with. Remember, do not get carried away and always stick with a solid handicapping and money management plan such as The Kelly Criterion.

Below is a preview of the documentary. Created in , Place Your Bets is a documentary that details the rise of sports wagering in Las Vegas and how it has become a multi-billion dollar industry. The documentary features many comprehensive interviews and video footage that supply us with more of an understanding to the sports betting world of Las Vegas.

Below is a trailer of the movie. Ready to explore the world of sports betting outside of Las Vegas or even the United States? This Documentary about Sports Betting is set in Nigeria. This documentary dives into wagering on sports via a mathematical approach, explores the largest betting provider in Nigeria UBC , and also explores the need for more regulations. Below is the documentary as seen on YouTube.

Money Talks is a very interesting, reality show type documentary that follows the everyday life of a handicapper and broker of sports handicapping picks named Steve Stevens. Many have claimed Steve Stevens in a fraud, further claiming the character is fictitious and unheard of in Las Vegas.

You can see that article here. I for one always liked shows like Storage Wars and Hardcore Pawn whether they were fictitious or not.