Risk of Ruin (Half Kelly Media)
Explorez tous les épisodes de Risk of Ruin
| Date | Titre | Durée | |
|---|---|---|---|
| 16 Oct 2023 | The Game-like Aspect | 00:47:08 | |
Kai talks about leaving the work world behind in favor of early retirement, and the part time pursuit of bank and credit card bonuses. He also discusses Lean FIRE (Financial Independence Retire Early) and how churning bonuses fits into his FIRE plan. | |||
| 25 Dec 2023 | Zero, by Way of a Hundred | 00:55:27 | |
John Hempton runs Bronte Capital, which generates its excess returns primarily through shorting fraudulent companies. John walks through a hypothetical short, explaining how they find it, how they size positions, and the kinds of returns that can be expected. He also discusses his shorts of Valeant Pharmaceutical and Wirecard. | |||
| 26 Dec 2023 | The Character Building Side Effect of Losing | 00:52:21 | |
Jason Strasser is the co-founder and Chief Investment Officer of Caption Partners. While in college Jason became a high stakes poker player and was making $100k/month before he left competitive poker for Wall Street. Today he generates his edge trading options, looking for one-off events where the volatility of the options are mispriced by algorithms. | |||
| 28 Feb 2024 | The Audacity of Help | 01:13:15 | |
Richard Munchkin and Darryl Purpose are career advantage players. Over the past 40 years they've teamed up to win millions of dollars from casinos. In this episode they recount some of the war stories and also offer reflections on the nature of teamwork. | |||
| 20 Oct 2023 | The Mayfair Revisited | 01:24:26 | |
Erik Seidel and Steve Zolotow were among the gamblers to come out of the storied Mayfair Club in New York City. The Mayfair inspired some of the locations in Rounders, and is also known for the breadth of success that its players have had in poker. The episode covers the history of the club, its bridge and backgammon roots, and the careers of Erik and Steve. | |||
| 18 Oct 2023 | A Family Business | 01:02:02 | |
Jim and Dan Pasko talk about their father and son sportsbetting operation. The Paskos use math to find positive EV bets like correlated parlays and player props. Jim Pasko has been a professional gambler for almost his entire adult life, first starting as a backgammon player during the heyday of that game. Dan joined him in professional gambling when they found opportunities with the early internet sportsbooks. | |||
| 20 Oct 2023 | Rocket Man | 01:46:10 | |
In 2022 Elon Musk signed an agreement to purchase Twitter. Then all hell broke loose. This episode is about that merger, the investors that traded it, and the most valuable Twitter follow to come out of the saga. | |||
| 26 Dec 2023 | Waiting on Value | 00:49:06 | |
Evan Tindell is a former poker player and now is the CIO of Bireme Capital. He talks about how he got into the market, and also his value investing based process for finding investments. | |||
| 16 Feb 2023 | Rabbit Hole | 01:05:28 | |
An episode about the ever elusive idea of winning at craps using physical skill, aka dice control. | |||
| 04 Mar 2024 | Blackjack Legacy | 00:50:06 | |
Jeff Ma was a member of the MIT Blackjack Team. He told his story to the writer Ben Mezrich, who wrote a book titled "Bringing Down the House." The book was later made into the movie "21" which starred Kevin Spacey, Kate Bosworth, and Jim Sturgess. | |||
| 01 May 2023 | The Disrespected | 01:12:42 | |
Marc Cohodes was the subject of the prior episode titled "Life's Too Short." Marc returns to the podcast to talk about figuring out the FTX scheme, using that to short Silvergate, and Signature Banks, and also the banking turmoil that has followed. | |||
| 02 Mar 2024 | A Healthy Disrespect | 01:00:04 | |
Kyle Boddy is the founder of Driveline Baseball, which promises data driven performance training. He is best known for training pitchers in baseball. Prior to his career in sports Kyle was a professional gambler. On this episode he tells stories about exploiting online casino bonuses, as well as shuffle tracking, and playing poker. | |||
| 17 Aug 2023 | The Frontier - Part I | 01:10:18 | |
To this point we've published 33 podcast episodes covering everything from slot machines to hedge funds. This episode is Part I of an attempt to make sense of the guests, and make sense of the domain they operate in. | |||
| 19 Aug 2023 | The Frontier - Part II | 00:58:26 | |
To this point we've published 33 podcast episodes covering everything from slot machines to hedge funds. This episode is Part II of an attempt to make sense of the guests, and make sense of the domain they operate in. To find the show on all of the platforms check out the Linktree. https://linktr.ee/johnreeder | |||
| 03 Mar 2024 | You Can't Beat the Lottery* | 00:58:29 | |
Mr. Doppy became an advantage player hustling the video poker game Ultimate X. Since then he's gone after online sports books, credit card points, and also a state lottery. | |||
| 04 Mar 2024 | Credit Card Arbitrage | 01:01:57 | |
Matt writes the blog "Miles Earn and Burn" which stands alone in the credit card space. He has no ads on the site, and he writes about advanced strategies that don't make it into the mainstream travel blog world. The post that got me interested in having Matt as a guest said basically: go to your local credit union and see if there's anything that you might be able to profit from. In the advantage play world that would be called scouting. In the manufactured spend world it's known as probing. https://milesearnandburn.com/index.php/2023/09/29/taking-a-stroll-to-the-local-financial-district/ | |||
| 04 Mar 2024 | Movers | 01:35:15 | |
Curtis, Phil, and Reilly are professional sports bettors that provide the valuable service of getting down for originating groups. They are logistics providers in the gambling world. They talk about starting as casino APs, finding sports, and having several hundred thousand dollars taken from them by a sportsbook. | |||
| 27 May 2024 | Value Traps | 01:09:46 | |
David Orr is a former poker player turned fund manager. He started out investing with a value bias, and then eventually did a 180 and started shorting value traps. He talks about how his strategy evolved and also his plan to grow his fund. | |||
| 26 Jul 2024 | Startup Sports League | 01:17:55 | |
Jake Hoselton is the CEO of Grass Clippings. Pete Wilson is the CMO of Grass Clippings. Howard Lindzon is the Managing Partner of Social Leverage. | |||
| 07 Aug 2020 | Casino Exploits | 00:54:41 | |
The Gambling With an Edge podcast has made some 500 episodes featuring gamblers from every game imaginable. While most gambling content on the internet is filled with scammers and con artists, GWAE finds guests with credibility who have made their living as professional gamblers. This pilot episode is a tribute to GWAE. | |||
| 05 May 2023 | David & Goliath, Part I | 00:39:08 | |
They went to Las Vegas as card counters and over years they discovered other ways to win in the casino. Eventually they became advantage players. This episode is about the Las Vegas that existed before mega resorts. Our heroes played hole cards, used computers in the casino, used video cameras in the casino - to name a few of the crazy stunts they pulled off. | |||
| 05 May 2023 | David & Goliath, Part II | 00:31:14 | |
They went to Las Vegas as card counters and over years they discovered other ways to win in the casino. Eventually they became advantage players. This episode is about the Las Vegas that existed before mega resorts. Our heroes played hole cards, used computers in the casino, used video cameras in the casino - to name a few of the crazy stunts they pulled off. | |||
| 23 Oct 2020 | The Road Warrior - Part I | 00:40:42 | |
The secret lives of traveling card counters. Comps, casino backoffs, a converted sprinter van, and more. The true story of what it's like to be a traveling professional gambler, by people that actually live it. | |||
| 23 Oct 2020 | The Road Warrior - Part II | 00:37:03 | |
The secret lives of traveling card counters. Comps, casino backoffs, a converted sprinter van, and more. The true story of what it's like to be a traveling professional gambler, by people that actually live it. | |||
| 24 Dec 2023 | Life's Too Short | 00:53:32 | |
Marc Cohodes made a living exposing fraudulent companies, and profiting when their stock prices collapsed. But the life of a short seller is spent on a high wire because executives willing to engage in fraud don't play by the rules when their freedom is at stake. Marc tells the stories of the adversity he's faced holding public companies accountable. | |||
| 14 Sep 2022 | Two Hustlers | 00:50:49 | |
Mickey Crimm hitchhiked to Laughlin with little more than a sleeping bag and a backpack. In the casinos there he learned to hustle slot machines and play video poker with an advantage. He made a career out of these advantages and built up a bankroll over the years. | |||
| 15 Jan 2021 | The Points and Miles Game | 00:54:35 | |
Travel hackers spend their days looking for inefficiencies in the credit card points system. This episode is about two travel hackers, Nick Reyes and Grant Thomas, and how they ended up completely down the rabbit hole. They talk about spending hundreds of thousands of miles per year, and also relay tips for newcomers to the hobby. | |||
| 08 Feb 2023 | From Blackjack to Black Monday | 00:34:05 | |
Blair Hull played on the original Big Player blackjack team in the 1970s. He played with Al Francesco, Ken Uston, and ran into other pioneers of the game including Keith Taft. The Francesco teams were the subject of the book "The Big Player". After blackjack Blair moved into the financial markets where he used his proprietary options strategies to turn $25,000 into millions. Blair talks about his life searching for edges, and the lessons he learned. | |||
| 01 Sep 2022 | Made in America - Part I | 00:44:31 | |
The lives of two sharp sports bettors, and one bookmaker. Our guests talk about getting started in gambling, going from losers to winners, and the technology they use to keep their edges. | |||
| 01 Sep 2022 | Made in America - Part II | 00:47:45 | |
The lives of two sharp sports bettors, and one bookmaker. The guests expand on the relationship between sharp bettors and bookmakers. Spanky talks about being the target of a government investigation. | |||
| 02 May 2023 | Inside Long Term Capital | 01:03:12 | |
The story of Long Term Capital Management as told by LTCM partner Eric Rosenfeld. Eric earned a PhD from MIT, then taught at Harvard Business School, then became a trader at Salomon, then was a founding partner of LTCM. | |||
| 23 May 2022 | Before the Boom | 00:49:30 | |
Barry Greenstein is in the poker Hall of Fame based on a resume that includes decades as a professional player, and being a regular at high stakes cash games. | |||
| 17 Jun 2021 | The Idea Man | 00:46:59 | |
Dr. William Ziemba talks about his life working on horse racing, lotteries, and the stock market. Links: | |||
| 22 Mar 2022 | Swimming With Sharks | 00:43:48 | |
Howard Lindzon started his career as a stock broker. In the late 90s he founded a small hedge fund. Then he went on to found Wallstrip and Stocktwits. In 2013 his venture capital fund invested $100,000 in Robinhood. | |||
| 06 May 2023 | The Road of Trials | 00:49:55 | |
Houyi went from Yale Law School to a job in finance before he left it all behind to become a professional advantage player. He talks about counting cards, learning to play hole cards, traveling the world, and a fateful poker game in Cambodia. | |||
| 04 Mar 2024 | Greetings from Las Vegas - Part I | 00:46:51 | |
Mark DeRosa, Zack White, and Rufus Peabody. The story a group of friends from Appalachian State that went on to team up with an econ grad from Yale. They started playing casino games and eventually would go on to bet the max at sports books all over Las Vegas. | |||
| 04 Mar 2024 | Greetings from Las Vegas - Part II | 00:45:32 | |
Mark DeRosa, Zack White, and Rufus Peabody. The story a group of friends from Appalachian State that went on to team up with an econ grad from Yale. They started playing casino games and eventually would go on to bet the max at sports books all over Las Vegas. | |||
| 01 Jun 2021 | What Are the Odds? | 00:59:19 | |
Arnold Snyder and Radar talk about becoming advantage players, a shuffle tracking play on a million dollar bankroll, and how they ended up together. | |||
| 02 Mar 2024 | A Seemingly Obvious Idea | 00:45:25 | |
Andrew "Bert" Black is a co-founder of Betfair, which is the world's largest betting exchange. He recounts his life in gambling, coming up with the idea for Betfair, and how they managed to win the P2P betting war in the early 2000s. | |||
| 06 May 2023 | Bill Perkins is Not Afraid | 00:44:45 | |
Bill Perkins is a natural gas trader, a minor celebrity in the poker world, and the author of "Die With Zero." Bill talks about his start in the markets and becoming an energy trader. He tells the story of almost blowing up during an extremely cold winter. | |||