Ed Miller: ‘Gambling Is About Finding People Who Are Willing To Lose To You’
· 2023-11-07

Ed Miller: ‘Gambling Is About Finding People Who Are Willing To Lose To You’

Here is Sports Handle‘s email Q&A with Miller:

Ed Miller: To be clear, I don’t ask this of anyone. It’s very hard to do this. Most either never think to try or, as you say, aren’t wired for it. I’m personally not really wired for it.

EM: Not really, no. Sportsbooks want high-volume bettors. If you continue the whole “not losing” thing indefinitely, then of course that will eventually get you flagged. But not the volume by itself.

MS: You’ve been in the business of being a third-party content provider, yet you’re quite critical of the relationship between sportsbooks and third-party content providers, insofar that the former party often doesn’t apply the proper scrutiny to the latter before cutting a deal. In an ideal arrangement, what sort of checks and balances should be in place to ensure that a new market or product doesn’t come limping out of the gate?

EM: I like to think so, but who knows? I’m bad at predicting the future. Well, I can come up with a reasonable estimate for how likely a team will be to win a football game, but predictions for chaotic, open-ended systems that depend on mass human behavior, not so much.

MS: In your opinion, is it possible for an individual or betting syndicate to make a comfortable, sustainable living betting exclusively at legal, domestic U.S. sportsbooks and, if so, how would such an operation fly under the radar?

MS: Specific to in-game betting, how much longer do you think it will take for the latency issue to be resolved to a point where bettors and sportsbooks are on relatively equal footing?

MS: In the book’s conclusion, you write, “We hope we’ve inspired regulators to examine the express and implied promises that modern sportsbooks make to their customers and perhaps to ensure that sportsbooks live up to those promises more often.” What, specifically, are you getting at here in terms of regulations that could be implemented to help sportsbooks keep these promises?

MS: I’m not sure if you’ve thought about a third installment of your betting book series, but if you had to predict what it might focus on or consist of, what would your forecast be?

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