How To Beat The Casino: Why VegasMatt Loses $100,000's To Make Millions

The Iced Coffee Hour

Graham Stephan/Jack Selby

Entrepreneurship, Business

4.6 • 679 Ratings

🗓️ 15 December 2024

⏱️ 130 minutes

🔗️ Recording | iTunes | RSS

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Summary

NetSuite: Take advantage of NetSuite’s Flexible Financing Program: https://www.netsuite.com/ICED ZocDoc: Go to https://www.zocdoc.com/ICED and download the Zocdoc App for FREE Ramp: Now get $250 when you join Ramp at https://ramp.com/ich Subscribe to @VegasMatt Here! Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: [email protected] For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps: 00:00 - Intro 00:01:45 - How can you afford this? 00:03:28 - First job 00:05:01 - On financial security 00:06:42 - Going from $0 to $10 million 00:07:35 - Buying investment properties 00:08:59 - Sponsor - Netsuite 00:10:13 - Why not invest in stocks? 00:10:48 - Balancing financial risk 00:14:25 - Going broke 00:16:25 - Biggest positive net worth swing 00:17:47 - First time gambling 00:18:59 - Why are you drawn to gambling? 00:23:42 - Can you improve at gambling? 00:27:26 - Sponsor - Zocdoc 00:29:00 - Meeting his son EJ 00:31:20 - Turning gambling into a business 00:38:12 - Slot machines: which to play? 00:38:47 - Knowing when to walk away 00:44:23 - Are you addicted to gambling? 00:50:03 - Gambling glamorization concerns 00:56:21 - Why can’t you write off losses? 01:03:22 - Why are you more successful than others doing similar content? 01:07:14 - Sponsor - Ramp 01:08:19 - Open your own casino? 01:11:36 - How calculated is your content? 01:14:09 - Most $ you saw someone lose 01:32:28 - Most $ you saw someone win 01:35:43 - When do you walk away winning? 01:39:25 - Craziest gambling story 01:46:35 - Your biggest single bet 01:47:45 - Thoughts on online casinos 01:57:20 - Biggest insecurity 02:01:35 - On marriage and family *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Last year, Amazon was the world's largest corporate buyer of renewable energy.
0:07.0	We need more and more of our energy comes from wind farms like this one.
0:14.0	Guys, what happened to recording at the solar farm?
0:18.0	To learn more,
0:22.1	visit about Amazon.com at UK forward slash sustainability.
0:30.0	Gambling is probably dumb.
0:31.9	Like you're going to lose.
0:33.1	If you played for the rest of your life,
0:34.6	you're going to lose money.
0:36.1	I think our biggest loss was $140,000 in a session, which was probably three hours.
0:42.3	Where did you get the money to be able to do that?
0:45.0	The best investments I ever made were real estate, because it hides the money from me.
0:49.8	I have money in the bank.
0:51.3	I find a way to spend it.
0:53.0	We went out for dinner one night and he was playing video poker. He hit a Royal Flush for $78,000
0:58.5	and I filmed it. And so by the end of dinner, that had 80,000 views. So I knew that you
1:03.5	could turn it into something. And so I did. I encourage anyone that wants to do YouTube to do
1:08.6	it. 99% of them fail because it's harder than it looks.
1:12.5	You know, you're going to have obstacles, et cetera.
1:14.8	What makes you successful where a lot of other people do what you do and fail?
1:19.1	If I was speaking to any creator or to your question,
1:22.2	what really resonates on social media these days is authenticity.
	...

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