The Risk Takers Podcast

The news almost becomes the main topic in this episode, where GP and SP breakdown the record breaking England v. Mexico World Cup game that did most likely over a billion dollars of volume between all markets. The main topic is a look into what non-technical traits are near-universal amongst top bettors. 0:00 Traits of Top Bettors 28:30 News 1:11:00 Q&A Welcome to The Risk Takers Podcast, host...

Today on the show we are joined by EvenSteven (https://x.com/evenstevengg) - a sports bettor with seven-figures of profit on prediction markets. Steven talks about why most top down bettors shouldn't try to originate or market make, how to analyze live trading data to find edge, and what is the most important skill a live taker can have. 0:00 Sports Betting 30:30 Prediction Markets 1:10:30 Q&...

This episode SP and GP get into the first World Cup on Prediction Markets. The insanity of this world cup has surpassed our wildest expectations and we discuss what makes it unlike anything we have ever seen before. Big news and a lot of questions follow - enjoy! 0:00 First World Cup on Prediction Markets 36:00 News 1:04:30 Q&A Welcome to The Risk Takers Podcast, hosted by professional sports...

Today GP and SP talk to James Gettinger, founding partner of Gutter Capital - one of the top preforming VC funds in the world. Why is James on our podcast you might ask? Well, before venture capital, James was one of the most profitable Daily Fantasy Sports players of all time. He pioneered contest simulations and was a first mover in many strategies that now are common amongst the best players. T...

First we welcome SP back to the podcast and he shares some exciting life news that explains his absence last week. Then SP and GP both give an example of an originating edge that they had at some point - not shocking that the "sports" are Golf and League of Legends. Big news week and some great questions follow. 0:00 Dead Originating Edges 33:10 News  1:17:30 Questions Welcome to The Ris...

This week SP is AFK so we get Mr. PeanutBettor to sub in as a guest host. We cover who we think will be most helped by AI along with a lot of news and great questions. Clearly SP holds the show together because this went off the rails and became the longest episode yet. 00:00 AI in Sports Betting 40:30 News 1:13:30 Q&A Welcome to The Risk Takers Podcast, hosted by professional sports bettor Jo...

This week we kick it off with some lessons we learned retroactively from sportsbooks after we started market making on prediction markets. Then we cover the news - including the Matt Kalish v. Kalshi saga that is still going strong 2 weeks in. Then we hit one of the longest Q&As in history to clear our backlog of questions! 0:00 What Sportsbooks Got Right 25:30 News 1:14:00 Q&A Welcome to...

This week SP and GP are joined by Troy (https://x.com/troycuban) to talk about how he has made over $700k on Kalshi this year despite never originating a bet in his life. Troy is slightly different than our typical guest (only slightly) in that he comes from a traditional finance background and now only does RFQs full time. This could be the deepest dive recorded into the most important market on...

Record breaking episode for most questions asked - if you asked a question and we didn't get to it, it's because this episode would have been 4 hours and we will answer on our next solo show. Today SP and GP talk about the non-obvious risks on prediction markets. As bettors we all are aware of bankroll management and betsizing tools like Kelly. But in this new world, there are more threa...

Today we interview Clay Alter (ClayA on Kalshi) about his start in sports betting and recent rise up the Kalshi leaderboard. Clay shocks SP and GP when he says he manages his orders fully from the orders tab on the Kalshi UI. Possibly the most manual trader we have had on and he's crossed $1.5 million in profits in 8 months on Kalshi. A great reminder that there are many ways to do it! Follow...

Nerd alert. The main topic is a discussion on deterministic v. probabilistic models in the current betting environment. News includes the solider who bet on himself to capture a foreign leader and made $440k before getting arrested and a rant on the people complaining about FandDuels injury insurance. 0:00 Deterministic v. Stochastic Sports Models 26:00 News 1:05:15 Q&A   Welcome to The Risk T...

Today we are joined by Justin (https://x.com/LazyBrain64) - a professional basketball bettor who bets only mainlines. That's right - no NBA props! This is a guy who bets his opinion, has lots of manual inputs into his model, and is doing it in what most consider to be one of the toughest markets in the industry. Justin not only drops a lot of betting wisdom, but also life wisdom while he expl...

GP tries to get back in the good graces of the sharp taking community while talking about the Masters. SP walks through the golf betting model he spun up just in time for the biggest event of the year. Some news goes the prediction markets way and the boys discuss their favorite books in the questions. 0:00 MASTERS RECAP & QUESTIONS 53:30 News 1:14:30 Listener Q&A Welcome to The Risk Taker...

In this episode we outline paths for people of all skill levels in the new betting/ predicting ecosystem. GP continues his twitter rant on deci-cent pricing in golf, and the boys answer the rest of the listener questions they missed last episode. 0:00 PM paths for bettors of all skill levels 38:45 News 55:20 Deci-cent Pricing in Golf 1:08:00 Q&A Welcome to The Risk Takers Podcast, hosted by pr...

Today we welcome Alex to the podcast (https://x.com/Landtrader8375). In his first podcast appearance he tells us about leaving his 9 year career in law for full-time betting, how he comes to a hypothesis on big spots that is rarely "wrong", and many fun dead edges and AP shenanigans that include ending up selling lumber after trying to get into real estate. 0:00 Intro 19:15 First 1st dow...

This episode covers a lot of recent news, walks you through how to get started with automated API interaction and muses on  would you rather have a beer w/ the PM doomers or evangelists? 0:00 What would your first API project be? 24:45 News (Worst two weeks in PMs?) 1:05:30 Q&A Welcome to The Risk Takers Podcast, hosted by professional sports bettor John Shilling (GoldenPants13) and SportsProj...

For months our podcast has neglected one of the most interesting segments of prediction markets - "Mention Markets". Well no longer! Today we interview Foster, one of the best mention market traders currently operating. He talks about building a database for Football announcers, pricing Trump's speeches, and some hilarious stories from the mention market trenches. Can't miss! F...

We get deep in our feelings in this episode. SP and GP talk about some of their worst downswings and how they have learned to handle them. A long discussion of the pros & cons of requester ids follows and then some great Q&A. 0:00 Downswings & Mixing Life + Betting 41:15 RFQ IDs: Should they be shown? 1:01:00 Rest of News 1:12:50 Q&A Welcome to The Risk Takers Podcast, hosted by pr...

NERD ALERT!! We get back to our roots today and talk about how to go about finding stats that are predictive in sports modelling. The episode includes a deep dive into how Kalshi settled & communicated their "Khamenei out as leader" market. We touch on the issues w/ "last traded price" settlement and the similarities to the Cardi B. rules debacle.  0:00 Predictive Sports St...

*This is a re-broadcast episode because of being unable to record because of travel. MANY FAMOUS PODCASTS DO THIS SO IT MUST BE OKAY. This episode is a good listen for those who are looking to build a basic sports model that spits out a useful number. Feeling overwhelmed when considering the jump from +EV betting to building your own model? We don't blame you. The little content there is out...

Today we have on college junior & top prediction market trader Eric (Egzee). Egzee started on OddsJam and quickly worked his way up to the top of Kalshi leaderboards as one of the biggest RFQ market makers in sports. He defends his decision to take an internship at a respected quant firm, and walks us through how he manages one of the biggest Kalshi MM operations as a solo-operator in college....

The boys start to think insider trading MAY JUST BE A PROBLEM when thousands of minimum wage employees already know the resolution of 50 million contract markets. SP & GP also recap their superbowl betting experience on Kalshi and take questions. 0:00 Intro 1:45 GP & SP's Super Bowl betting 27:15 Cardi B's Epic Performance 47:00 Insider Trading on PMs 1:01:14 Rest of News 13:40 Q...

IN THIS EPISODE WE ARE JOINED BY ESTEEMED GAMBLING TWITTER POSTER AND ORIGINATOR MR PEANUTBETTOR. LISTEN TO HEAR MANY SMART THINGS AND SOME FUNNY JOKES. 0:00 Intro 10:15 Trading at Deck Prism 27:00 Originating 57:00 Prediction Markets 1:18:00 Listener Q&A Welcome to The Risk Takers Podcast, hosted by professional sports bettor John Shilling (GoldenPants13) and SportsProjections. This podcast i...

A heated debate broke out on Twitter between sharp bettors. On one end Establish the Run, a well respected business that sells information to bettors. On the other - sharp sports bettors who either use or have to deal with that information in their market. This debate highlights the fundamental issues that come with selling good information in sports betting, and more broadly the best way to monet...

This week we interview long-time professional gambler Adam aka BeagleBets (https://x.com/thebeaglebets). Adam quickly rose to the top of the Heads Up SNG ladder, playing $5k buy-ins before dropping out of college to pursue poker full time. From there his career spanned many eras, which got him to where he is today: betting NBA Player Props and betting live sports. Adam is a very kind to share an h...