Wise Kracks sports betting podcast on WSN is back with another jam-packed episode with my co-host Jon Orlando. We have tons to talk about with NFL preseason underway and a visit from a VIP guest. Jon and I catch up on a few betting-related items – I’m excited that Red Rock casino in Vegas has installed sports betting terminals, while Jon has been dabbling in betting on steeplechase horse racing. Jon also fills me in on his plans for big baseball parlays, which I’m not that impressed with.
MLB and NFL Preseason Betting Strategies
The first stop on today’s show is MLB. We discuss the advisability of betting on favorites, and I explain how much of a premium bettors end up playing just for picking a popular team. Speaking of betting, Vegas is back baby! Sin City is filling up with people again, and the casinos and sportsbooks are packed like the pandemic never happened.
It’s football season with the NFL preseason underway, and I have been playing around with some very interesting information. As pointed out to me by a fellow pro, the lines on totals bets on all the preseason games are around 5 points lower than just about ever before. Preseason games are notoriously volatile for betting – which does mean that you can find value while the sportsbooks adjust. I have lots of thoughts on preseason betting, and preseason in general, so make sure you tune in.
Special Guest Jay Kornegay
Wise Kracks has now been going so long that we’ve developed a healthy network of friends of the show. There’s no one that deserves that title more than Jay Kornegay, head of Westgate Sportsbook, and Jay is back on the show today for his third appearance on Wise Kracks.
Jay has been in the sports betting business since the 80s, and he’s got loads of insight into how the game has changed over the years. Jay was looking for his niche in the industry when he became an early advocate of prop bets, eventually becoming the first book to offer a full menu of props on the Super Bowl. The runaway success and ripple effects of Jay’s work with props has basically changed the industry.
Jon is curious as to why Jay and I have such a good relationship, when I am basically trying (and often succeeding) to beat the book every week. Jay explains the symbiotic relationship between a sportsbook and the sharp bettors, and how as long as there is mutual respect and honesty between the pair, there is no reason for bad blood. Jay also discusses the supposed “decline” of Vegas, the latest sports betting contests running, and a look ahead to upcoming seasons.
All of that and much more on this week’s episode of Wise Kracks.