Pro Bettors Reveal What’s REALLY Coming To Sports Betting | Presented by Kalshi

00:00 - Isaac Rose-Berman (Host)
Welcome back everybody. We are once again at the beautiful Circa Resort and Casino in Las Vegas, nevada. We've wrangled up some pro sports bettors to ask them what they think the sports betting scene will look like in 10 years. 

00:13 - Corbie Craig (Host)
Ooh, a great question, Ooh. 

00:19 - Captain Jack Andrews (Host)
Okay, I believe it will look nothing like today. I think the betting space is constantly changing. It has to constantly change, it has to evolve. We see that right now. We see the rise of prediction markets, the rise of exchanges, the rise of person-to-person betting. That'll continue to happen. We hit a speed bump with micro but I think micro betting is going to have to happen because sports folks want to find high frequency betting and they're going to try to find more ways to do that. 10 years from now, man, I don't know Cause. Look back 10 years ago from from today. It was a totally different landscape. There was no regulated legal sports betting in the United States. There were no. There was only one state that had iCasino. There were a proliferation of tribal casinos across the United States, but a lot of the brick-and-mortar casinos weren't building as much. 

01:18 - Isaac Rose-Berman (Host)
I think there's going to be a lot more personalization. So when you log on to FanDuel or DraftKings, they're going to feed you exactly what you want, which will be good in terms of it'll. You know you'll spend a lot more time on app. You'll probably place a lot more bets, but also, from kind of a responsible gambling perspective, not great. In the same way that you know, when I go on Twitter now I spend way too much time because the algo knows exactly what I want, and the same thing for tick tock, and so I'm optimistic from like a betting is fun perspective. But then from responsible gambling perspective, I'm like, oh my god, if you know, fanduel is has an algo as good as tick tock. We're cooked. Prediction markets will dominate. 

01:54 - Mr. Peanut Bettor (Host)
Uh, probably a lot of uh, you know, exchanges, stuff like that. Um, I think that there's probably going to be a large increase in non-sporting bets. Um, you see it, with, like you know celebrities to get engaged or not, you can bet on Travis Kelsey and Taylor Swift to get engaged by the end of the year. Uh, just dumb stuff like that. I think it's going to be probably more frequent than it is now I hope I'm still in it somehow, but I don't know. 

02:28 - Porter (BA Analytics) (Host)
I don't want to be the pessimistic guy. I hope I'm not the only one that gives a pessimistic answer, but I know people say there's always going to be opportunities, even when, like the, the big decreases. Look I'm, I'm one of the warriors in this industry. I, I, I, don't see this industry being fruitful. I come from. 

02:50
I watched the poker world kind of pass me by and I didn't quit, not that I was losing, but my edge started to shrink and I, I didn't move on fast enough. And I think tons of edges in the game of life in general are being early to things. Now, lots of times you're early to something and it doesn't work out, and then of course nobody hears about it. But I think half the game is and of course a lot of this is luck. But it's having an understanding of when things are changing to sort of get out of something and move on to something else. But 10 years from now, a lifetime away, 10 years from now is longer than I've been in the industry. But I mean, my idea in general is hopefully people have the self-awareness to see when something is changing and it might make sense, to change what you're doing, whether that's in the industry or another component of the industry or moving on from an industry. So 10 years is a long time Kind of a believer in, like AI. 

03:50 - Rufus Peabody (Host)
Okay, I believe that I don't think that AI is gonna suddenly make like completely change the game and I don't think ai, basically, is going to solve sports betting. 

04:01
I think there's a lot of people that believe you just take a bunch of variables, throw it into a machine learning algorithm or ask chat gbt what to do with it and at some point you know we're not there with chat gbt yet but that there are people think that at some point, like these llms will be able to solve sports betting. 

04:16
But I I've actually asked an llm this and like I think, because I believe it's a clearly it's a different problem they're solving, and chat you agree with me? I mean, maybe that's because it's like a sycophant and we'll agree with everything I say, uh, but I I think that there is. I think there's a lot of creativity involved and there's so many sort of steps to the process of like originating a good model that it's not. It is such a multi-dimensional, multi-step problem where you're doing a lot of little things at each stage that I don't believe that just throwing, giving a bunch of variables and asking like some sort of machine learning algorithm or AI type thing to figure it out is going to actually get you a good result, and I don't think we're very close to that point where it will. I could be wrong, but that's definitely what I believe. 

05:19 - China (Host)
Ten years. There'll probably be more consolidation. It's going to be much harder to win. I think machines are going to play a much bigger role than they do now, and it's probably going to be a lot harder for people that are kind of doing things. 

05:33
I mean, it is now by people that do things pen and paper. Um, it's just going to be much harder overall. Just like you look at poker from 20 years ago to where it is now and it's it's night and day, and I think the sports betting landscape is going to kind of go on the same path and only the strong will survive. 

05:51 - Porter (BA Analytics) (Host)
I think a lot of changes for the worse will come for advantage bettors. But look, I mean, it's also a question of like what ROI you're willing to accept. If you're doing 10% ROI stuff now and it'll be 3% ROI stuff in the future and you're happy with it, then by all means you know you stick around. But I would hope that people understand that the goal is to make money and with that money, make the best decisions for yourself, whether that means staying in an industry or not. 

06:24 - Corbie Craig (Host)
I think there's this idea that, like, um, the fruit will rise to the top, but, like, we've been here 10 years at this point most of these people that have been on this video have been here for 10 years at this point and, like, I mean, 10 years ago is a different face and this year it's a completely different face. There's dub club all the way down to private twitters in 2015, like, I mean, we've seen it all. Uh, 10 years from now, I can't imagine that goes away. So we see this like this idea that, like, we're in the worst of it right now. Um, I think the worst of it's forever. Um, and hopefully this gambling tax doesn't make it go away but in 10 years, if the gambling tax doesn't ruin us all which it won't ruin the Dub Club guys but if it doesn't ruin everybody, then I think it'll be the exact same that it is. 

07:09 - Judah Fortgang (Host)
If I've learned anything, well, definitely don't make bold predictions about the future. As a general rule, I think it'll look a lot like finance and a lot less. I certainly think the skills that will be rewarded in 10 years from now in sports betting are very, very different than the skills rewarded now. Right, like, the best sports bettors now are the ones who have, I want to say, maneuvered the system but have learned sort of how to exploit the industry and to maximize and like. I think that skill is very particular to this time and and that's not going to be true in 10 years from now. 

07:40 - Captain Jack Andrews (Host)
I wish I knew what 10 years from now looked like, but it's just too hard to tell right now.