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Bet The Process

John Reeder of the Risk of Ruin Podcast | Sponsored by Novig

Bet The Process

Bet The Process

Sports

3.8638 Ratings

🗓️ 10 December 2025

⏱️ 63 minutes

🧾️ Download transcript

Summary

This week on Bet the Process, creator and host of the Risk of Ruin podcast John Reeder joins and discusses his journey into advantage play, his analysis of Long-Term Capital Management's failure and the broader implications for modern Wall Street, and reflects on teaching probabilistic thinking to children.

Transcript

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0:00.0

On this week's Bet the Process podcast, we have a icon, a legend in the world of advantaged players,

0:08.8

John Reeder, the host of the Risk of Ruin podcast, which if you have not heard it, you should go out and listen to it because it is amazing.

0:15.6

And as always, or as recently, this podcast is sponsored by NoVig, which is the best sports prediction market

0:22.3

in the world.

0:23.7

So go to NoVig.us and put in the promo code BTP for bonus.

0:29.5

And we also talk a lot about their markets and how they're the best market to understand

0:34.1

and to bet on futures in college football.

0:36.1

So with that, let's start the process.

0:41.4

Bet, bet, bet, bet, bet the process. Welcome to the podcast. It's not the typical cookie

0:52.8

cut or nonsense. If you came just for picks, you're in the the wrong place front it's how with the narrative to make a strong case

0:58.6

Instead of blindly assuming a team must be tanking we're looking for the edge of messy P body rankings

1:03.9

Crunching all the numbers in the simulator system that break down the data analytically driven media coverage of sports gambling

1:10.7

Welcome to another episode of The Better Process Podcast.

1:13.6

I'm in San Francisco or the Greater Barrier.

1:16.6

Rufus is in New York.

1:18.6

In New York.

1:19.6

Dealing with black mold?

1:21.6

No, the mold was not black mold, so that's good.

1:23.6

And also the mold has been remediated.

1:26.6

And I may not have all the floor that I had or all the drywall that I had before. But that will eventually get remedied. And I'm actually back in my bedroom. So that's nice.

1:40.4

Drywall seems like replaceable. So that doesn't seem like that big a deal.

1:45.0

Floor is replaceable too.

...

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