662 - The ABC of Online Sports Gambling with Marc Edelman

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.6 • 2.7K Ratings

🗓️ 23 November 2020

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

I wanted to learn more about Online Sports Gambling. So I bought on Marc Edelman, the founder of Edelman Law, and also a tenured Professor of Law at the Zicklin School of Business, Baruch College, City University of New York, to talk about online gambling sport and betting on fantasy sports. Also, I wanted to pitch him some ideas and see it will work! Plus I wanted to know what's the lay of the land in online gambling! I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook Linkedin

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.8	This is the James Altiger Show.
0:12.8	Today on the James Altiger Show.
0:16.1	You know, I once had a friend, Philopho, his name was Philopho because he was homeless
0:21.5	and we would play chess in Washington Square Park.
0:24.9	At lunchtime, somebody would always go get him a Philopho sandwich and that's what he would
0:29.3	eat all day long every day.
0:31.3	And then there was one period for about six months.
0:34.2	He totally just disappeared.
0:35.6	We were all worried where's Philopho?
0:36.8	Where's Philopho?
0:37.8	Oh, he's playing this back-amming game uptown.
0:40.1	Then he was literally, after six or seven months, he was the best back-am player in the
0:44.9	world.
0:45.9	He had some unusual talent.
0:46.9	He went from homeless and broke to having $700,000.
0:52.3	He went to Las Vegas to gamble on sports.
0:55.1	He thought he would have the same skill at sports, which is a big problem.
0:58.2	When people first make money, they always think they're smart at everything.
1:01.3	And so Philopho figured, oh, I'm smart at back-amming, so I must be smart at making money
1:04.8	and making money with sports.
1:06.8	So he lost all the money.
	...

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