July 13, 2026
S12, Chapter 2: The Winning Phase
Nine apps. Ten days. Hundreds of bets. I'll walk you through what a gambling spiral looks like firsthand. We'll take a look at the $314 million machine that put these apps in front of me. And the illusion of control that almost turned a ten day...
Nine apps. Ten days. Hundreds of bets.
I'll walk you through what a gambling spiral looks like firsthand. We'll take a look at the $314 million machine that put these apps in front of me. And the illusion of control that almost turned a ten day experiment into something that much much worse.
Karl Jacobson wasn't so lucky.
His childhood; filled with alcoholism and abuse. As a cop, he spent his life trying to become the kind of person who makes others feel safe. The person you can trust.
And the disease that lived in his childhood home found him anyway. Not through a bottle, but through a screen.
Resources
If you or someone you know is struggling with gambling, the National Problem Gambling Helpline is available 24/7 — call or text 1-800-522-4700. Free and confidential.
Patreon
Support the show and get access to the Premium Feed. Bonus episodes. Early, ad-free, lossless.
https://www.patreon.com/tapesfromthedarkside
Merch store relauch. Everything is on sale for a limited time.
https://merchfromthedarkside.com/
Credits and Sources
Editing help by:
Troy Turner / troypiano at https://www.airgigs.com/user/troypiano
Interview Clips
- Karl Jacobson — "Kica's Corner: Police Chief Karl Jacobson" (Kica Matos, YouTube, ~mid-2022).
- Karl Jacobson — "Karl Jacobson speaks on new role as New Haven Chief of Police / Full Interview" (swearing-in, July 2022).
- U.S. Senate Judiciary Committee Hearing on Legalized Sports Gambling (December 2024). Senator Dick Durbin.
- Predatory Gambling Documentary — "The Big Con" segment. Les Bernal and others on the financial-exchange model of commercialized gambling.
- FanDuel television ad
- BetMGM television ad ("Make it legendary")
- DraftKings television ad (featuring Kevin Hart)
- Bet365 television ad ("Bet $10, get $365")
- DraftKings television ad ("New customers bet five bucks, get 300")
- Ellen Langer (1975), "The Illusion of Control." Journal of Personality and Social Psychology 32(2), 311–328. doi.org/10.1037/0022-3514.32.2.311
- B.F. Skinner, Schedules of Reinforcement (Ferster & Skinner, 1957).
- American Gaming Association, Responsible Marketing Code — barred members from using "risk free" (and "free bet") language. americangaming.org
- LaBrie, LaPlante, Nelson, Schumann & Shaffer (2007), "Assessing the Playing Field: A Prospective Longitudinal Study of Internet Sports Gambling Behavior." Journal of Gambling Studies 23:347–362.
- Braverman & Shaffer (2012), "How Do Gamblers Start Gambling: Identifying Behavioural Markers for High-Risk Internet Gambling." European Journal of Public Health 22(2):273–278. doi.org/10.1093/eurpub/ckp232
- Nelson et al. (2019), "Longitudinal Playing Trends Among Daily Fantasy Sports Players." Computers in Human Behavior. sciencedirect.com
- "A Large-Scale Prospective Study of Big Wins and Their Relationship with Future Financial and Time Involvement in Actual Daily Fantasy Sports Contests" (2021). pubmed.ncbi.nlm.nih.gov/33734785
- Lesieur & Custer (1984), "Pathological Gambling: Roots, Phases, and Treatment." Annals of the American Academy of Political and Social Science 474:146–156. journals.sagepub.com
- Michael Sandel, Justice: What's the Right Thing to Do? (Harvard University; lecture series and book).
- r/problemgambling — User GamblingRecoveryCom: "Gambling is a paradox where losing is actually the best-case scenario. Winning early is an infection."
- 20SIX Hundred — "Cimmerian Shade / Last Moments," from the album The Cold Rise From Sleep (2015). Used with permission / licensed. 20sixhundred.bandcamp.com
- AUGUSTA TREVERORUM — "Nightmares" from the album Blacktape. agsttrvrrm.bandcamp.com
- Matooma — "Infinite Emptiness"; CTRL S — "SpaceTimeThought"; Shahead Mostafafar — "Into the Next Dimension"; Jamie Bathgate — "Atmo"; DaniHaDani — "Aurora". Licensed via Artlist. artlist.io
- Just for Kicks — "TV Dinner" (Creative Cut, "Dreamy") and "Why Am I Anxious." Licensed via Artlist. artlist.io
Patreon
https://www.patreon.com/tapesfromthedarkside
Merch
https://merchfromthedarkside.com/
Leave us a Review (...it really helps!)
https://www.tapesfromthedarkside.com/rate/
Paypal / Venmo Donations
https://www.tapesfromthedarkside.com/paypal/
WEBVTT
1
00:00:00.480 --> 00:00:05.879
Thank you to our executive producers, Sundean and Aaron. It's
2
00:00:05.919 --> 00:00:12.759
getting dark Outside.
3
00:00:11.560 --> 00:00:16.559
Tapes from the Dark Side contains descriptions of violence and sexuality.
4
00:00:17.039 --> 00:00:19.920
Listener discretion is advised.
5
00:00:27.199 --> 00:00:33.359
Fan Duel, DraftKings Bet, MGM, Caesar's Fanatics, Fliff Bet three
6
00:00:33.479 --> 00:00:38.439
six y five Underdog, and the Score Bet. Between March
7
00:00:38.520 --> 00:00:42.920
twenty ninth and April seventh, I deposited money into nine
8
00:00:43.039 --> 00:00:48.039
different sports betting apps. I place bets on baseball, basketball,
9
00:00:48.320 --> 00:00:51.200
even hockey. I place bets at three in the morning.
10
00:00:51.479 --> 00:00:54.799
I place bets on my lunch break. I placed bets.
11
00:00:54.880 --> 00:00:58.560
I don't even remember placing. And here's the part that
12
00:00:58.600 --> 00:01:01.320
makes the story different for the one you might think
13
00:01:01.399 --> 00:01:03.679
you're hearing. I was winning.
14
00:01:12.719 --> 00:01:16.560
I think everyone has a bit of a fascination with
15
00:01:16.640 --> 00:01:17.799
the dark side.
16
00:01:19.799 --> 00:01:22.680
I myself always loved the dark side as well.
17
00:01:23.040 --> 00:01:26.879
I think it's something that everyone secretly longs for in walks.
18
00:01:31.239 --> 00:01:34.040
The people of this community community need us, and the
19
00:01:34.079 --> 00:01:37.239
people with this community wants They want the good ones,
20
00:01:37.439 --> 00:01:39.000
and we're going to be the good ones.
21
00:01:47.519 --> 00:01:53.079
The dark side.
22
00:01:48.400 --> 00:02:01.000
The day after Yukon beat Duke, I woke up and
23
00:02:01.040 --> 00:02:04.719
did something that felt completely rational at the time. I
24
00:02:04.799 --> 00:02:07.840
signed up for five more apps. I only know this
25
00:02:07.920 --> 00:02:11.120
because I went back through my bank statements for this series.
26
00:02:11.479 --> 00:02:16.080
Transaction by transaction. Here's what March thirtieth looked like in
27
00:02:16.159 --> 00:02:21.439
my Wells Fargo checking account DraftKings five dollars deposit. That
28
00:02:21.599 --> 00:02:24.639
was the minimum to activate their sign up bonus. You
29
00:02:24.719 --> 00:02:27.199
put in five and they give you two hundred in
30
00:02:27.319 --> 00:02:30.719
bonus bets. I remember thinking that's a forty to one
31
00:02:30.800 --> 00:02:35.039
return before I even pick a team. Bet MGM three
32
00:02:35.159 --> 00:02:39.319
separate deposits ten dollars, then one hundred, then twenty five,
33
00:02:40.000 --> 00:02:44.039
Each one unlocked a different promotional tier. The app walked
34
00:02:44.080 --> 00:02:48.639
me through it, deposit this much, get this bonus, deposit more,
35
00:02:48.840 --> 00:02:51.680
get a bigger one one hundred and thirty five dollars
36
00:02:51.680 --> 00:02:54.800
in real money, one hundreds more in bonus bets waiting
37
00:02:54.840 --> 00:02:58.879
for me. Fanatics one hundred dollars, then another one hundred,
38
00:02:59.199 --> 00:03:03.319
BET three six five ten dollars, just enough to activate
39
00:03:03.360 --> 00:03:07.800
the three hundred and sixty five dollars bonus, Caesar's two
40
00:03:07.919 --> 00:03:12.520
hundred and fifty one dollars, and another four hundred FanDuel
41
00:03:12.680 --> 00:03:15.639
on top of what was already in there. Five new
42
00:03:15.680 --> 00:03:20.120
apps plus additional deposits into my existing FanDuel account, all
43
00:03:20.159 --> 00:03:23.960
in one day. That was over eleven hundred dollars, leaving
44
00:03:24.000 --> 00:03:28.080
my checking account before dinnertime, and every app I opened
45
00:03:28.199 --> 00:03:31.400
had a little pile of free bets waiting for me,
46
00:03:32.039 --> 00:03:37.400
like chocolates on a hotel pillow. The next day, March thirty, first,
47
00:03:37.439 --> 00:03:41.039
I signed up for the score Bet five hundred dollars deposit,
48
00:03:41.400 --> 00:03:44.840
then another five hundred, one thousand dollars to an app
49
00:03:44.879 --> 00:03:47.919
I had never heard of twenty four hours earlier. I
50
00:03:48.000 --> 00:03:51.680
put another three hundred into DraftKings and another four hundred
51
00:03:51.800 --> 00:03:56.439
and twenty five into bet MGM. Then April First, Bet
52
00:03:56.439 --> 00:03:59.719
three sixty five again, two hundred and seventy nine dollars,
53
00:03:59.759 --> 00:04:04.599
this time on my credit card. Yes, I know, only
54
00:04:04.719 --> 00:04:07.719
a fucking idiot would fund their fan Duel account with
55
00:04:07.759 --> 00:04:11.400
a credit card. I wouldn't discover this until days later,
56
00:04:11.560 --> 00:04:16.680
but Wells Fargo charged me a fee on this transaction. Now,
57
00:04:16.759 --> 00:04:19.199
there was no warning in the app that using a
58
00:04:19.199 --> 00:04:21.759
credit card would trigger such a fee. Should I have
59
00:04:21.839 --> 00:04:26.920
known better? Probably, Yet the reality was the bank charged
60
00:04:26.959 --> 00:04:31.160
me a thirteen dollars a ninety five cent cash advanced fee.
61
00:04:31.759 --> 00:04:37.439
Wells Fargo like all banks, classify gambling deposits as cash advances,
62
00:04:38.040 --> 00:04:42.879
higher fee, higher interest rate, and the interest starts accruing immediately.
63
00:04:43.120 --> 00:04:46.839
There is no grace period. Most apps don't even let
64
00:04:46.879 --> 00:04:50.360
you deposit with a credit card. Almost every other app
65
00:04:50.519 --> 00:04:53.920
I used Apple Pay tied to my debit card. But
66
00:04:54.199 --> 00:04:57.519
when I saw Bet three six' five had a credit card,
67
00:04:57.519 --> 00:05:01.040
OPTION i, thought why not get some reward points While
68
00:05:01.040 --> 00:05:04.079
i'm at. It that's the kind of logic that makes
69
00:05:04.120 --> 00:05:07.839
perfect sense at the time and sounds Looney. Tunes three weeks,
70
00:05:07.959 --> 00:05:11.879
later NOW i realized WHAT i was actually, doing which
71
00:05:11.920 --> 00:05:14.879
was training my brain to believe that funding bets with
72
00:05:14.959 --> 00:05:17.959
a credit card was a viable. Option it was as
73
00:05:18.000 --> 00:05:21.120
easy as tapping a, screen and in the future it
74
00:05:21.160 --> 00:05:23.800
would be oh so much easier to reach for the
75
00:05:23.839 --> 00:05:27.040
credit card, if, say the bank account was running a little.
76
00:05:27.120 --> 00:05:31.959
Dry two days, Later april, third another credit card deposit
77
00:05:32.360 --> 00:05:35.959
twenty five dollars to the, score, bet another ten dollars
78
00:05:36.000 --> 00:05:39.959
cash advance fee twenty three. Dollars in ninety five cents
79
00:05:39.959 --> 00:05:43.680
in total fees across two, deposits not a lot of,
80
00:05:43.680 --> 00:05:46.360
money but the bank was sending me a SIGNAL i
81
00:05:46.399 --> 00:05:50.800
wouldn't understand until much. LATER i was now using two
82
00:05:50.839 --> 00:05:54.639
different funding sources to feed nine different, apps and then
83
00:05:54.959 --> 00:06:01.279
On april, second the stakes were. Upped underdog two thousand dollars,
84
00:06:01.279 --> 00:06:05.439
deposit the largest single DEPOSIT i made during the entire ten,
85
00:06:05.519 --> 00:06:10.160
days two thousand dollars in one transaction to an App
86
00:06:10.240 --> 00:06:13.720
i'd had for less than a. Day here's what The
87
00:06:13.839 --> 00:06:18.279
underdog promo looked like on the. Surface deposit two thousand
88
00:06:18.360 --> 00:06:22.759
dollars and get a thousand dollars bonus fifty percent. Match
89
00:06:23.759 --> 00:06:26.120
here's what was buried in the terms of service THAT
90
00:06:26.199 --> 00:06:29.519
i didn't read until about an hour. Later the thousand
91
00:06:29.560 --> 00:06:34.160
dollars bonus could only be played through on, parlays not straight,
92
00:06:34.199 --> 00:06:39.399
bets not money, lines parlays, only and the original two
93
00:06:39.399 --> 00:06:43.279
thousand dollars deposit also had playthrough requirements BEFORE i could
94
00:06:43.279 --> 00:06:47.920
withdraw any of. IT i was locked. In WHEN i first,
95
00:06:47.959 --> 00:06:51.879
STARTED i was mostly picking high odd two leg parlays
96
00:06:52.000 --> 00:06:55.120
that would be more likely to. HIT i just wanted
97
00:06:55.160 --> 00:06:57.720
to churn a couple hundred from the bonus money without
98
00:06:57.759 --> 00:07:01.720
thinking too. Hard but NOW i see WHAT i was actually,
99
00:07:01.759 --> 00:07:05.040
doing which was priming my brain to see parlays as
100
00:07:05.120 --> 00:07:09.240
yet another viable option for making, money and after hitting
101
00:07:09.279 --> 00:07:11.759
it big on a dozen of, them my confidence in
102
00:07:11.800 --> 00:07:15.560
this area started to grow. Too if you haven't bet,
103
00:07:15.639 --> 00:07:19.319
before a parlay is when you chain multiple bets together
104
00:07:19.399 --> 00:07:22.639
into one. Ticket say you pick The brewers to win
105
00:07:23.079 --> 00:07:26.360
and the over on run totals and a player to
106
00:07:26.439 --> 00:07:29.519
hit a home. Run all three legs have to hit
107
00:07:29.680 --> 00:07:33.639
or the whole ticket. Loses the payout multiplies because the odds.
108
00:07:33.720 --> 00:07:37.560
Stack say a five leg parlay on a ten dollars
109
00:07:37.600 --> 00:07:41.360
bet can pay, hundreds if not, thousands of, dollars but
110
00:07:41.839 --> 00:07:45.920
the math is. BRUTAL a straight bet against the spread
111
00:07:46.040 --> 00:07:49.160
and you win roughly half the. Time a five leg
112
00:07:49.240 --> 00:07:53.519
parlay you win maybe three percent of the. Time the
113
00:07:53.560 --> 00:07:57.319
sportsbook's cut jumps from around five percent on a money
114
00:07:57.360 --> 00:08:01.560
line to over twenty percent on same game. Parlays by
115
00:08:01.639 --> 00:08:05.839
restricting The underdog bonus to parlay, only the company guaranteed
116
00:08:05.879 --> 00:08:09.000
that most of that thousand dollars would eventually come back to.
117
00:08:09.079 --> 00:08:14.199
Them the, promo like all, promos wasn't a. Gift it
118
00:08:14.240 --> 00:08:17.800
was a. Primer one more thing About underdog is that
119
00:08:17.959 --> 00:08:21.879
it isn't a traditional sports. Book neither Is, fliff WHICH
120
00:08:21.920 --> 00:08:27.199
i also used both operate in legal gray Areas underdog
121
00:08:27.279 --> 00:08:31.399
runs under Daily fantasy sports. Licensing in states where sports
122
00:08:31.399 --> 00:08:35.600
betting isn't, legal they call their parlay style bets pick them.
123
00:08:35.840 --> 00:08:41.039
Contests as For, fliff they operate as a sweepstakes platform
124
00:08:41.360 --> 00:08:46.200
using virtual currency that can be redeemed for cash, loopholes
125
00:08:46.440 --> 00:08:49.879
and that's what these apps are built. ON i didn't
126
00:08:49.879 --> 00:08:52.240
know any of this WHEN i signed. UP i just
127
00:08:52.320 --> 00:08:56.080
knew the promos looked. Generous at the end of those
128
00:08:56.200 --> 00:08:59.759
two to three, DAYS i had every sports betting app
129
00:09:00.080 --> 00:09:04.240
could legally download in the state Of North. Carolina that's
130
00:09:04.279 --> 00:09:07.480
what acceleration looks like from the inside of a checking.
131
00:09:07.519 --> 00:09:11.080
Account it doesn't climb in a straight line and holds
132
00:09:11.080 --> 00:09:15.120
steady and then. Jumps one, day you're putting in one hundred.
133
00:09:15.120 --> 00:09:18.360
Dollars three days, later you're putting in two, thousand and
134
00:09:18.399 --> 00:09:21.399
you don't feel the jump because each step had a,
135
00:09:21.440 --> 00:09:26.320
reason a, promo to claim a, bonus to unlock a,
136
00:09:26.399 --> 00:09:29.960
system to, execute and to be honest with, you the
137
00:09:30.120 --> 00:09:33.840
deposits weren't the part that kept me. Going the withdrawals
138
00:09:33.919 --> 00:09:38.320
were not the kind of withdrawals usually associated with. Addiction
139
00:09:38.720 --> 00:09:43.879
i'm talking cash withdraws On april first three days IN
140
00:09:44.159 --> 00:09:46.679
i pulled twenty four hundred dollars out of the score
141
00:09:46.799 --> 00:09:50.799
bed back into my checking. ACCOUNT i deposited one, thousand
142
00:09:51.279 --> 00:09:55.039
fourteen hundred dollars profit on one, app and three days
143
00:09:55.399 --> 00:09:59.720
and eight other apps were also. Running that withdrawal didn't
144
00:09:59.759 --> 00:10:03.279
feel like a, warning felt like. PROOF i had a.
145
00:10:03.279 --> 00:10:08.360
Plan FanDuel's three hundred dollars bet reset token promotion ran
146
00:10:08.480 --> 00:10:12.399
for ten days, straight ten, tokens ten days of, bets
147
00:10:13.200 --> 00:10:16.559
SO i decided to play it all the way through day.
148
00:10:16.600 --> 00:10:27.320
ELEVEN i uninstall, everything cash, out and walk. Away if
149
00:10:27.320 --> 00:10:31.559
you haven't used sports betting, apps the promos sound, interchangeable
150
00:10:31.679 --> 00:10:36.120
and they're not. EXACTLY a deposit bonus is the money
151
00:10:36.159 --> 00:10:39.279
you put in and the app matches. It you deposit
152
00:10:39.360 --> 00:10:42.120
one hundred and they give you another hundred and bonus.
153
00:10:42.120 --> 00:10:45.919
BETS a profit boost means you make a bet and
154
00:10:45.960 --> 00:10:48.759
the app pays out more than the odds normally would
155
00:10:48.799 --> 00:10:53.080
allow free upside paid for it by the house odds
156
00:10:53.080 --> 00:10:56.600
boost same kind of. Deal the app takes a specific
157
00:10:56.679 --> 00:11:01.039
bet and temporarily improves the. Odds and then there's the
158
00:11:01.080 --> 00:11:04.320
one that got me through the. Door the bet, reset
159
00:11:04.559 --> 00:11:09.159
sometimes called a second chance, bet sometimes called a No sweat.
160
00:11:09.200 --> 00:11:12.960
Bet here's how it. Works you place a bet with
161
00:11:13.000 --> 00:11:17.559
your own, money real. Money if you win. Great if you,
162
00:11:17.679 --> 00:11:20.840
lose the app gives you an amount, back not as,
163
00:11:20.919 --> 00:11:25.519
cash but as bonus, bets non withdrawable credits that expire
164
00:11:25.559 --> 00:11:28.759
in seven to fourteen. Days if you win with those,
165
00:11:28.799 --> 00:11:31.919
credits the app keeps the original steake amount and only
166
00:11:31.960 --> 00:11:34.919
pays out the. Profit so a three hundred dollars risk
167
00:11:35.000 --> 00:11:38.159
free bet at even odds is not exactly worth three
168
00:11:38.279 --> 00:11:41.440
hundred dollars if you lose and get the bonus bet.
169
00:11:41.519 --> 00:11:45.320
Back that bonus converts to real cash as roughly sixty
170
00:11:45.399 --> 00:11:48.159
to seventy cents on the dollar if you play it.
171
00:11:48.200 --> 00:11:53.320
Perfectly most people. Don't the term risk free got so
172
00:11:53.519 --> 00:11:58.559
misleading that The American Gaming association band member companies from
173
00:11:58.679 --> 00:12:01.559
using it as Of JULY, ti twenty twenty, three and
174
00:12:01.600 --> 00:12:05.679
that's why the apps rebranded it To No sweat and second.
175
00:12:05.840 --> 00:12:11.159
Chance the mechanics didn't, change just the. Label all three
176
00:12:11.240 --> 00:12:14.720
types of promos hit your inbox at different rates depending
177
00:12:14.759 --> 00:12:17.679
on how the app reads your. BEHAVIOR i THOUGHT i
178
00:12:17.759 --> 00:12:20.159
was choosing which apps to bet on based on which
179
00:12:20.200 --> 00:12:24.000
ones had the best? Promos what was actually. Happening the
180
00:12:24.039 --> 00:12:28.200
apps that liked my behavior kept feeding me. Promos the
181
00:12:28.240 --> 00:12:33.720
apps that didn't. STOPPED i wasn't picking, them they were picking.
182
00:12:33.799 --> 00:12:39.960
Me by day, FIVE i was almost exclusively using Fan, Duel, DraftKings,
183
00:12:40.039 --> 00:12:43.480
fanatics And caesar's because those were the ones that were
184
00:12:43.519 --> 00:12:47.159
sending me. Offers bet three six' five had, Gone quiet
185
00:12:47.519 --> 00:12:50.879
fliff had. GONE quiet i drifted away. FROM them i
186
00:12:50.960 --> 00:12:54.679
thought that was. My decision my phone changed during that
187
00:12:54.799 --> 00:13:00.440
Week before march. Twenty ninth my home screen had the usual, Stuff, Messages.
188
00:13:00.559 --> 00:13:06.600
Instagram spotify after, the flood there were nine, new icons,
189
00:13:06.919 --> 00:13:12.639
Bright colors DraftKings, IN green, Fandul, BLUE Bet, mgm gold
190
00:13:13.159 --> 00:13:17.000
each one with a, notification badge each one sending. Push
191
00:13:17.000 --> 00:13:21.519
alerts your bonus bet is waiting tonight's, odd boost you
192
00:13:21.600 --> 00:13:25.960
have free bets. Expiring soon, nine apps all competing for
193
00:13:26.000 --> 00:13:30.519
the same, real estate all whispering the. Same thing. Open
194
00:13:30.639 --> 00:13:34.600
me my phone had become a. SLOT machine i was
195
00:13:34.639 --> 00:13:38.039
carrying it in my pocket sixteen hours. A day i
196
00:13:38.080 --> 00:13:41.720
was sleeping with it on my nightstand or, more accurately under,
197
00:13:41.759 --> 00:13:44.759
my pillow and EVERY time i picked, it up nine
198
00:13:44.759 --> 00:13:48.320
sports books were fighting for. The rights you take. My money.
199
00:13:51.200 --> 00:13:53.840
We'll be right back after a. Quick break if you
200
00:13:53.840 --> 00:13:56.559
want to skip the ads and support, the show you
201
00:13:56.600 --> 00:14:00.240
can do so at patreon. Dot Com slash tape From The.
202
00:14:00.320 --> 00:14:12.519
DARK side i usually don't discuss THE work i do outside,
203
00:14:12.559 --> 00:14:16.960
this podcast but today that's going. TO change i work
204
00:14:17.080 --> 00:14:20.759
second shift at a drug and alcohol rehab center as a.
205
00:14:20.799 --> 00:14:24.080
Clinical aid there was a client who came through during
206
00:14:24.120 --> 00:14:26.919
that TIME who i took a liking to talk, about,
207
00:14:26.919 --> 00:14:32.320
philosophy recovery. Anything really and this guy used to trade options.
208
00:14:32.320 --> 00:14:37.799
Full time he, was smart, understood markets. Probability risk he
209
00:14:37.960 --> 00:14:40.720
was THE one i celebrated With when yukon hit that.
210
00:14:40.759 --> 00:14:44.840
Buzzer beater we jumped up from the couch. High fived
211
00:14:45.639 --> 00:14:48.080
i'd shown him the bet and he'd seen. The payout
212
00:14:48.919 --> 00:14:51.799
one day during, a shift we were talking about the
213
00:14:51.840 --> 00:14:56.720
betting apps and he said, three words viable. SIDE gig
214
00:14:57.799 --> 00:15:02.759
i immediately shrugged. Him off. I'm out but that's all.
215
00:15:02.799 --> 00:15:05.840
It took once someone says it, out loud the thing
216
00:15:05.879 --> 00:15:09.679
you've been whispering to yourself starts to. COME real i
217
00:15:09.799 --> 00:15:12.879
laughed off. The idea i'm not. AN idiot i know
218
00:15:13.039 --> 00:15:16.519
gambling is obviously never going to pay. The bills but
219
00:15:16.799 --> 00:15:19.519
that thing in the crawl space doesn't need you to
220
00:15:19.600 --> 00:15:22.799
believe it. Right away it just needs you to not
221
00:15:23.039 --> 00:15:27.559
close the. DOOR entirely i, started THINKING if i could
222
00:15:27.559 --> 00:15:30.120
make an extra two to three hundred dollars, a night
223
00:15:30.360 --> 00:15:33.039
a couple hours, OF work i could just do the
224
00:15:33.080 --> 00:15:36.039
podcast thing full time and bed a little on. THE
225
00:15:36.120 --> 00:15:41.159
side i subconsciously began to entertain this belief while knowing
226
00:15:41.399 --> 00:15:45.559
INTELLECTUALLY everything i told you last episode about dopamine and
227
00:15:45.600 --> 00:15:50.320
cross addiction AND the. Dsm five but knowledge doesn't. Protect
228
00:15:50.399 --> 00:15:55.480
you knowing the science doesn't. Protect you understanding the math doesn't.
229
00:15:55.519 --> 00:15:59.120
Protect you the thing in the crawl space doesn't care what.
230
00:15:59.240 --> 00:16:03.519
You know it cares how. You feel AND what i felt, was,
231
00:16:03.559 --> 00:16:08.080
competent special like the promos might make an addict out,
232
00:16:08.120 --> 00:16:09.080
of others but.
233
00:16:09.120 --> 00:16:09.480
Not me.
234
00:16:11.000 --> 00:16:14.960
In nineteen, seventy five a Psychologist Named ellen langer ran
235
00:16:15.039 --> 00:16:19.320
an Experiment. At yale she gave office workers. Lottery tickets
236
00:16:19.679 --> 00:16:22.679
half got to pick their, own ticket half were handed one.
237
00:16:22.759 --> 00:16:26.720
At random before, the drawing she asked what price they'd
238
00:16:26.759 --> 00:16:30.720
Sell for the people who chose their own ticket demanded
239
00:16:30.840 --> 00:16:34.600
nearly four and a half times, more money, same lottery,
240
00:16:35.000 --> 00:16:38.679
same odds but the act of choosing made people believe
241
00:16:38.759 --> 00:16:44.120
they had influence over a purely. Random outcome langer called
242
00:16:44.120 --> 00:16:48.279
it the illusion. Of control sports betting triggers it harder
1
00:00:00.480 --> 00:00:05.879
2
00:00:05.919 --> 00:00:12.759
3
00:00:11.560 --> 00:00:16.559
4
00:00:17.039 --> 00:00:19.920
5
00:00:27.199 --> 00:00:33.359
6
00:00:33.479 --> 00:00:38.439
7
00:00:38.520 --> 00:00:42.920
8
00:00:43.039 --> 00:00:48.039
9
00:00:48.320 --> 00:00:51.200
10
00:00:51.479 --> 00:00:54.799
11
00:00:54.880 --> 00:00:58.560
12
00:00:58.600 --> 00:01:01.320
13
00:01:01.399 --> 00:01:03.679
14
00:01:12.719 --> 00:01:16.560
15
00:01:16.640 --> 00:01:17.799
16
00:01:19.799 --> 00:01:22.680
17
00:01:23.040 --> 00:01:26.879
18
00:01:31.239 --> 00:01:34.040
19
00:01:34.079 --> 00:01:37.239
20
00:01:37.439 --> 00:01:39.000
21
00:01:47.519 --> 00:01:53.079
22
00:01:48.400 --> 00:02:01.000
23
00:02:01.040 --> 00:02:04.719
24
00:02:04.799 --> 00:02:07.840
25
00:02:07.920 --> 00:02:11.120
26
00:02:11.479 --> 00:02:16.080
27
00:02:16.159 --> 00:02:21.439
28
00:02:21.599 --> 00:02:24.639
29
00:02:24.719 --> 00:02:27.199
30
00:02:27.319 --> 00:02:30.719
31
00:02:30.800 --> 00:02:35.039
32
00:02:35.159 --> 00:02:39.319
33
00:02:40.000 --> 00:02:44.039
34
00:02:44.080 --> 00:02:48.639
35
00:02:48.840 --> 00:02:51.680
36
00:02:51.680 --> 00:02:54.800
37
00:02:54.840 --> 00:02:58.879
38
00:02:59.199 --> 00:03:03.319
39
00:03:03.360 --> 00:03:07.800
40
00:03:07.919 --> 00:03:12.520
41
00:03:12.680 --> 00:03:15.639
42
00:03:15.680 --> 00:03:20.120
43
00:03:20.159 --> 00:03:23.960
44
00:03:24.000 --> 00:03:28.080
45
00:03:28.199 --> 00:03:31.400
46
00:03:32.039 --> 00:03:37.400
47
00:03:37.439 --> 00:03:41.039
48
00:03:41.400 --> 00:03:44.840
49
00:03:44.879 --> 00:03:47.919
50
00:03:48.000 --> 00:03:51.680
51
00:03:51.800 --> 00:03:56.439
52
00:03:56.439 --> 00:03:59.719
53
00:03:59.759 --> 00:04:04.599
54
00:04:04.719 --> 00:04:07.719
55
00:04:07.759 --> 00:04:11.400
56
00:04:11.560 --> 00:04:16.680
57
00:04:16.759 --> 00:04:19.199
58
00:04:19.199 --> 00:04:21.759
59
00:04:21.839 --> 00:04:26.920
60
00:04:26.959 --> 00:04:31.160
61
00:04:31.759 --> 00:04:37.439
62
00:04:38.040 --> 00:04:42.879
63
00:04:43.120 --> 00:04:46.839
64
00:04:46.879 --> 00:04:50.360
65
00:04:50.519 --> 00:04:53.920
66
00:04:54.199 --> 00:04:57.519
67
00:04:57.519 --> 00:05:01.040
68
00:05:01.040 --> 00:05:04.079
69
00:05:04.120 --> 00:05:07.839
70
00:05:07.959 --> 00:05:11.879
71
00:05:11.920 --> 00:05:14.879
72
00:05:14.959 --> 00:05:17.959
73
00:05:18.000 --> 00:05:21.120
74
00:05:21.160 --> 00:05:23.800
75
00:05:23.839 --> 00:05:27.040
76
00:05:27.120 --> 00:05:31.959
77
00:05:32.360 --> 00:05:35.959
78
00:05:36.000 --> 00:05:39.959
79
00:05:39.959 --> 00:05:43.680
80
00:05:43.680 --> 00:05:46.360
81
00:05:46.399 --> 00:05:50.800
82
00:05:50.839 --> 00:05:54.639
83
00:05:54.959 --> 00:06:01.279
84
00:06:01.279 --> 00:06:05.439
85
00:06:05.519 --> 00:06:10.160
86
00:06:10.240 --> 00:06:13.720
87
00:06:13.839 --> 00:06:18.279
88
00:06:18.360 --> 00:06:22.759
89
00:06:23.759 --> 00:06:26.120
90
00:06:26.199 --> 00:06:29.519
91
00:06:29.560 --> 00:06:34.160
92
00:06:34.199 --> 00:06:39.399
93
00:06:39.399 --> 00:06:43.279
94
00:06:43.279 --> 00:06:47.920
95
00:06:47.959 --> 00:06:51.879
96
00:06:52.000 --> 00:06:55.120
97
00:06:55.160 --> 00:06:57.720
98
00:06:57.759 --> 00:07:01.720
99
00:07:01.759 --> 00:07:05.040
100
00:07:05.120 --> 00:07:09.240
101
00:07:09.279 --> 00:07:11.759
102
00:07:11.800 --> 00:07:15.560
103
00:07:15.639 --> 00:07:19.319
104
00:07:19.399 --> 00:07:22.639
105
00:07:23.079 --> 00:07:26.360
106
00:07:26.439 --> 00:07:29.519
107
00:07:29.680 --> 00:07:33.639
108
00:07:33.720 --> 00:07:37.560
109
00:07:37.600 --> 00:07:41.360
110
00:07:41.839 --> 00:07:45.920
111
00:07:46.040 --> 00:07:49.160
112
00:07:49.240 --> 00:07:53.519
113
00:07:53.560 --> 00:07:57.319
114
00:07:57.360 --> 00:08:01.560
115
00:08:01.639 --> 00:08:05.839
116
00:08:05.879 --> 00:08:09.000
117
00:08:09.079 --> 00:08:14.199
118
00:08:14.240 --> 00:08:17.800
119
00:08:17.959 --> 00:08:21.879
120
00:08:21.920 --> 00:08:27.199
121
00:08:27.279 --> 00:08:31.399
122
00:08:31.399 --> 00:08:35.600
123
00:08:35.840 --> 00:08:41.039
124
00:08:41.360 --> 00:08:46.200
125
00:08:46.440 --> 00:08:49.879
126
00:08:49.879 --> 00:08:52.240
127
00:08:52.320 --> 00:08:56.080
128
00:08:56.200 --> 00:08:59.759
129
00:09:00.080 --> 00:09:04.240
130
00:09:04.279 --> 00:09:07.480
131
00:09:07.519 --> 00:09:11.080
132
00:09:11.080 --> 00:09:15.120
133
00:09:15.120 --> 00:09:18.360
134
00:09:18.399 --> 00:09:21.399
135
00:09:21.440 --> 00:09:26.320
136
00:09:26.399 --> 00:09:29.960
137
00:09:30.120 --> 00:09:33.840
138
00:09:33.919 --> 00:09:38.320
139
00:09:38.720 --> 00:09:43.879
140
00:09:44.159 --> 00:09:46.679
141
00:09:46.799 --> 00:09:50.799
142
00:09:51.279 --> 00:09:55.039
143
00:09:55.399 --> 00:09:59.720
144
00:09:59.759 --> 00:10:03.279
145
00:10:03.279 --> 00:10:08.360
146
00:10:08.480 --> 00:10:12.399
147
00:10:13.200 --> 00:10:16.559
148
00:10:16.600 --> 00:10:27.320
149
00:10:27.320 --> 00:10:31.559
150
00:10:31.679 --> 00:10:36.120
151
00:10:36.159 --> 00:10:39.279
152
00:10:39.360 --> 00:10:42.120
153
00:10:42.120 --> 00:10:45.919
154
00:10:45.960 --> 00:10:48.759
155
00:10:48.799 --> 00:10:53.080
156
00:10:53.080 --> 00:10:56.600
157
00:10:56.679 --> 00:11:01.039
158
00:11:01.080 --> 00:11:04.320
159
00:11:04.559 --> 00:11:09.159
160
00:11:09.200 --> 00:11:12.960
161
00:11:13.000 --> 00:11:17.559
162
00:11:17.679 --> 00:11:20.840
163
00:11:20.919 --> 00:11:25.519
164
00:11:25.559 --> 00:11:28.759
165
00:11:28.799 --> 00:11:31.919
166
00:11:31.960 --> 00:11:34.919
167
00:11:35.000 --> 00:11:38.159
168
00:11:38.279 --> 00:11:41.440
169
00:11:41.519 --> 00:11:45.320
170
00:11:45.399 --> 00:11:48.159
171
00:11:48.200 --> 00:11:53.320
172
00:11:53.519 --> 00:11:58.559
173
00:11:58.679 --> 00:12:01.559
174
00:12:01.600 --> 00:12:05.679
175
00:12:05.840 --> 00:12:11.159
176
00:12:11.240 --> 00:12:14.720
177
00:12:14.759 --> 00:12:17.679
178
00:12:17.759 --> 00:12:20.159
179
00:12:20.200 --> 00:12:24.000
180
00:12:24.039 --> 00:12:28.200
181
00:12:28.240 --> 00:12:33.720
182
00:12:33.799 --> 00:12:39.960
183
00:12:40.039 --> 00:12:43.480
184
00:12:43.519 --> 00:12:47.159
185
00:12:47.519 --> 00:12:50.879
186
00:12:50.960 --> 00:12:54.679
187
00:12:54.799 --> 00:13:00.440
188
00:13:00.559 --> 00:13:06.600
189
00:13:06.919 --> 00:13:12.639
190
00:13:13.159 --> 00:13:17.000
191
00:13:17.000 --> 00:13:21.519
192
00:13:21.600 --> 00:13:25.960
193
00:13:26.000 --> 00:13:30.519
194
00:13:30.639 --> 00:13:34.600
195
00:13:34.639 --> 00:13:38.039
196
00:13:38.080 --> 00:13:41.720
197
00:13:41.759 --> 00:13:44.759
198
00:13:44.759 --> 00:13:48.320
199
00:13:51.200 --> 00:13:53.840
200
00:13:53.840 --> 00:13:56.559
201
00:13:56.600 --> 00:14:00.240
202
00:14:00.320 --> 00:14:12.519
203
00:14:12.559 --> 00:14:16.960
204
00:14:17.080 --> 00:14:20.759
205
00:14:20.799 --> 00:14:24.080
206
00:14:24.120 --> 00:14:26.919
207
00:14:26.919 --> 00:14:32.320
208
00:14:32.320 --> 00:14:37.799
209
00:14:37.960 --> 00:14:40.720
210
00:14:40.759 --> 00:14:44.840
211
00:14:45.639 --> 00:14:48.080
212
00:14:48.919 --> 00:14:51.799
213
00:14:51.840 --> 00:14:56.720
214
00:14:57.799 --> 00:15:02.759
215
00:15:02.799 --> 00:15:05.840
216
00:15:05.879 --> 00:15:09.679
217
00:15:09.799 --> 00:15:12.879
218
00:15:13.039 --> 00:15:16.519
219
00:15:16.799 --> 00:15:19.519
220
00:15:19.600 --> 00:15:22.799
221
00:15:23.039 --> 00:15:27.559
222
00:15:27.559 --> 00:15:30.120
223
00:15:30.360 --> 00:15:33.039
224
00:15:33.080 --> 00:15:36.039
225
00:15:36.120 --> 00:15:41.159
226
00:15:41.399 --> 00:15:45.559
227
00:15:45.600 --> 00:15:50.320
228
00:15:50.399 --> 00:15:55.480
229
00:15:55.519 --> 00:15:59.120
230
00:15:59.240 --> 00:16:03.519
231
00:16:03.559 --> 00:16:08.080
232
00:16:08.120 --> 00:16:09.080
233
00:16:09.120 --> 00:16:09.480
234
00:16:11.000 --> 00:16:14.960
235
00:16:15.039 --> 00:16:19.320
236
00:16:19.679 --> 00:16:22.679
237
00:16:22.759 --> 00:16:26.720
238
00:16:26.759 --> 00:16:30.720
239
00:16:30.840 --> 00:16:34.600
240
00:16:35.000 --> 00:16:38.679
241
00:16:38.759 --> 00:16:44.120
242
00:16:44.120 --> 00:16:48.279