Requiem for a Sports Bettor
Gambling on sports has never been accessible or high-stakes. But with the invasion of Europe-based companies in the game, the pros are feeling frequently getting banned from plying their trade and squeezed. Is this the ending of the sports bettor?
I’m not a bookmaker,” Gadoon Kyrollos informs me as we stroll through the Hard Rock Casino in Atlantic City, enjoying with penny slot machines. „I am a sports bettor.” Kyrollos is in fact one of the highest-rolling sports bettors in the USA. He bets millions of dollars each year from NFL games. He’s known throughout the world by the title Spanky, and in sweatpants, his hoodie, and back pack, he very much resembles a 40-year-old variant of the Rascal. His back pack, however, isn’t currently carrying school books and snacks. It is full of bricks of cash, nearly $150,000 worth.
„Bookmakers hang on a few,” he explains, as he pantomimes holding a gun sight as much as his attention and pulling the trigger. „And I snipe’em”
Despite the bag full of cash, the cent slot machine transfixs Spanky, pumping one invoice after the next into it. On his phone he consults a recorder which tells him how to perform with this particular machine so that it is”plus EV,” or positive expected value, meaning that the player has an advantage within the machine over time. „Here is some real insider shit I am showing you right here,” he tells me, speaking to his dictionary, that has formulas for heaps of slot machines plugged in to it. „I mean, it’s likely a border of, like, $12, but in case you’re walking down the street and watched $12, you’d bend down and pick this up, right?”
It’s very important to Spanky I understand the gap between bookmaking and gambling, because a lot of folks do not know or appreciate the differentiation, such as the Queens district attorney, who billed Spanky with bookmaking in 2012, a charge he states stemmed from a widespread harassment of the business.