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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½ Profile Banner
Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½ Profile
Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½

@astraffon

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Equity research. Have traded junk bonds, have booked bets offshore. Just here to log news. Opinions, if any, are my own. And @wageraxess . Pura vida!

Charlotte, NC
https://t.co/SRlGVbHGMY
Joined September 2009
Don't wanna be here? Send us removal request.
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@astraffon
Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
Hey folks - A little announcement: I start working tomorrow. Without getting into the details I'll be involved in equity research. Tbd how active I can remain on the Twitter scene. It has been a fun ride, but it is time to put my head down and focus. Here is to a new challenge🍻.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
"Rupert Murdoch's News Corp and digital wagering pioneer Matthew Tripp approached bookmaker PointsBet with a $220 million-plus offer for its Australian division, but were rebuffed by the company's board." PointsBet rejects $220m bid by Murdoch consortium
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PointsBet rejects $220m bid by Murdoch consortium

A consortium led by wagering pioneer Matthew Tripp was seeking to acquire the Australian division of PointsBet.

www.smh.com.au
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Have a little cool story to share… hope you all don’t mind. A few years ago while in grad school I got to meet The Oracle of Omaha @WarrenBuffett . It was value investing what got me hooked on finance, and ultimately why I left the sports betting industry down in Costa Rica...
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
From FanDuel's investor day, here is what Conor Farren, Head of Trading, Risk, and Modeling, had to say about how the sausage gets made.... Video link below (time mark) 1:17:15 and transcript snippets with personal highlights... slides in thread below.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
"Parlay Patz"... Sports Bettor Charged With Threatening Tampa Bay Rays Players And Other Professional Athletes
Sports Bettor Charged With Threatening Tampa Bay Rays Players And Other Professional Athletes

Tampa, Florida – United States Attorney Maria Chapa Lopez announces the filing of a criminal complaint charging Benjamin Tucker Patz (23, New York, New York), a/k/a β€œParlay Patz,” with transmitting...

www.justice.gov
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
5 years
This @Cornell University paper just hit my tape... Beating the House: Identifying Inefficiencies in Sports Betting Markets
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Beating the House: Identifying Inefficiencies in Sports Betting Markets

Inefficient markets allow investors to consistently outperform the market. To demonstrate that inefficiencies exist in sports betting markets, we created a betting algorithm that generates above...

arxiv.org
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
In Illinois... β˜•οΈ ~6 of every 10 parlays played is at FD ~3 of every 10 parlays played is at DKNG ~1 of every 10 parlays played is at Others ~7 of every 10 bets made at FD is a parlay ~5 of every 10 bets made at DKNG is a parlay ~3 of every 10 bets made at Others is a parlay
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@stevebrubaker
SteveBrubaker
@stevebrubaker
1 year
Day 8 ⁦ @FDSportsbook ⁩ premade SGP test. 0-7 so far. You gotta imagine that one will hit sometime right? Right? 0 for 7
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
Shook the hand of the man who wrote the book gifted to me ~20 yrs ago while behind the counter at the Del Rey in CR. That is where it started for me folks. So thank you @RoxyLasVegas , Mike Rhoden, and to my offshore 'illegal bookmaker' friend who gave it to me!πŸ˜‰ #G2E #FullCircle
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
Shocking... Former Australian table tennis player allegedly won $438,000 in bets on fixed matches
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Former top Aussie table tennis player allegedly raked in $438K in corrupt bets

The Newcastle man allegedly placed more than 1000 bets on fixed matches.

7news.com.au
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
The @PointsBetUSA risk room... A Behind the Scenes Look at How One Sportsbook Handles the Craziness of an NFL Sunday
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
"For years now, anyone who watches sports on TV or the internet has been bombarded with advertisements that insist you aren’tΒ reallyΒ enjoying the game unless you are betting money on it." That's a problem... β˜•οΈ America’s Bad Bet on Sports Gambling
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America’s Bad Bet on Sports Gambling

Central Michigan’s Chippewas faced the mighty Cowboys of Oklahoma State to open the college football season on Thursday night. Their last meeting, in 2016, produced one of the most heart-stopping...

www.compactmag.com
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@astraffon
Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
"Sports betting is a market – much like the stock market. We need financial sector experts in charge of our state’s sports betting market β€” not the state lottery." State lottery is wrong entity to supervise sports gambling
State lottery is wrong entity to supervise sports gambling

Placing the Tennessee Lottery in charge of sports betting illustrates a fundamental misunderstanding our state...

www.columbiadailyherald.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
β€œI thought I would never see another Jackie Gaughan... I am glad he is here when I can enjoy his efforts.” @RoxyLasVegas on @DerekJStevens @CircaSports πŸ’ͺ Derek Stevens provides service with a smile in Las Vegas
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Derek Stevens provides service with a smile in Las Vegas

Michigan native’s customer-friendly approach at Circa Sports and Stadium Swim has served him well on Vegas’ ultracompetitive sportsbook scene.

chicago.suntimes.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
"In a close decision, the Court of Appeals determined fantasy sports is not actually gambling but rather a game of skill..." Fantasy sports ekes out a win after NY high court legalizes contests
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Fantasy sports ekes out a win after NY high court legalizes contests

In a close decision, the Court of Appeals determined fantasy sports is not actually gambling but rather a game of skill, reinforcing the multibillion-dollar industry's place in the Empire State. Β 

www.courthousenews.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
Sippin some coffee and just thinking it is ok I don't have a undergrad degree from a well-known school... turns out I had to pay my way through college and ended up booking bets behind the counter at the Hotel Del Rey & Casino, which happened to be at the time perhaps the... 1/4
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 months
"DraftKings alleges thatΒ MichaelΒ HermalynΒ last week took the final steps in an elaborate plot to cripple its VIP operation days before theΒ Super Bowl." DraftKings Claims VIP Head Plotted To Steal Secrets For Fanatics Before Super Bowl
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DraftKings Claims VIP Head Plotted To Steal Secrets For Fanatics Before Super Bowl - Legal Sports...

In a Monday filing, DraftKings alleges its VIP operations head of a yearlong plan to steal confidential information for Fanatics Sportsbook.

www.legalsportsreport.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Here is an entertaining book some of you might enjoy..."The Smart Money" by @MichaelKonik ... "Big Daddy" Matthews is said to be Billy Walters...
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
Was talking to an old bookmaker friend yesterday from the tropics that saw the ridiculous 28% gross hold on parlays in IL... his words: "There is no such thing as risk management when you get to hold that." πŸ˜…
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
Chunce the ’capper: A look at the life of Vegas mainstay Jimmy Vaccaro via @SunTimes
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Chunce the ’capper: A look at the life of Vegas mainstay Jimmy Vaccaro

Bet on it: The sports-betting Hall of Famer has had a full life, including a guest spot on β€˜β€˜The Simpsons.’’

chicago.suntimes.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
bAD BeAT rEFuNd pLEaSe...
@darrenrovell
Darren Rovell
@darrenrovell
1 year
When the Chargers went up 27-0, a bettor bet $1.4 million on them to win the game to net $11,200. Jacksonville came back and won 31-30. @DKSportsbook has confirmed that this bet was indeed made.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
Been in MΓ©xico taking care of my ole man that got ill. Just want to share that this week has been one of the hardest things I've had to do in my life.... to reconcile a broken and distant past with the present and then to see what illness can do to our fragile bodies... 1/2
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Before going to bed tonight I will say a prayer for all the doctors, nurses, healthcare workers, etc. who are/will be working over time... they will be sacrificing a lot in looking out for us all. Good night and be safe peeps.πŸ™
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Being unemployed was not part of the plan... but it is Good Friday so am just going to go with today as having been a day off. Y'all have a nice weekend. Stay safe. Stay strong. Be kind. Peace.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
One thing I will say before going to bed tonight: next time a local gets pinched... or you read about the "dangers" of the offshore market... just remember what has happened these past few days in the stock market... it makes booking bets look like a boy scout picnic on a Sunday.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Put this together... might as well share it.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Caught me a friend!
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
β€œThey’re price gouging their customers, to put it mildly, jamming parlays down their throats...” -- Jeffrey Benson @CircaSports ' own @JeffreyBenson12 with a πŸ”₯ quote in the @WSJ . Online Sports Bettors Lose More as Parlays Gain Popularity
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Online Sports Bettors Lose More as Parlays Gain Popularity

As average bettors win less, the gambling companies are winning more.

www.wsj.com
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@astraffon
Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Updated this table through today... just meant to be a relative view of things and nothing more.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
So Ohio... mobile: Gross handle $1,090.3 mm less payouts $864.2 mm less voids $20.4 mm less promos $320.0 mm - equals - Net revenue -$114.3 mm And that is all I have to say about that. Link here:
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
So what motivates me to be as interested in this industry? Well there you have somewhat of an answer. At some point we moved to the US and I ended up getting three letters from a well-known school, but tbh that was a piece of cake. Degrees aren't everything in life.β˜•οΈ 4/4
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
More importantly to witness the unconditional love that flows through the halls of a hospital amid all the pain, to see the hard work that nurses and doctors put in. This week I saw life in one of its purest ways, without the noise that many times obscures what truly matters. 2/2
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
5 years
Big personal announcement. I'm taking some time away from my job to figure out where I'm going to take my career. For the past 10 yrs I've been blessed to work in the world of investment management and, prior to that, was equally blessed to have worked eight years for bookmakers.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
Holy shit they took a nickel!
@KambiSports
Kambi
@KambiSports
2 years
And we’re live online in New York! First wager placed was $500 on Broncos +10.5 spread. A momentous day having previously processed the first regulated on-property bet in New York State. #weknowwhatittakes
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Appreciate all the new follows... I'm just blasting out news I tend to find relevant. That would not be possible without the heavy lifting being done by many of the writers and journalists creating the stuff to begin with. So a big shout out to them always.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
According to @GeoComply ... "In just 12 hours, New York has become the top state for sports betting in the US!"
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Finally caught him!
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Penn National Gaming to Buy Minority Stake in Barstool Sports
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
This is pretty significant if you ask me.... certainly worth an early morning tweet. Congrats to the @DeckPrism team, @EdMillerPoker , @DavidowMatthew . One more (a big one) for the home team. πŸ‡ΊπŸ‡Έ Pinnacle boosts in-play offering with DeckPrism Sports deal
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Pinnacle boosts in-play offering with DeckPrism Sports deal

Pinnacle has strengthened its in-play betting offering after signing a partnership with DeckPrism Sports to utilise its proprietary models.

sbcnews.co.uk
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@astraffon
Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Happy New Year folks! 2020 brings about a lot of change for me on a professional level... will not be trading bonds in the foreseeable future as I'm going to try to make a more permanent move over to the sports betting landscape. Pass or fail, the real plunge starts today!
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
29 days
Denver man restricted from sports betting sites after winning too much money
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Denver man restricted from sports betting sites after winning too much money

β€œI was getting up to where I was placing $1,000 bets on a game, $2,000 bets,” he said. β€œThen I go to make the same bet and it says, β€˜Oh, you’ve been restricted.'"

www.9news.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
There you have it folks. Hope it will make you smile as it did me. Happy Holidays.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
5 years
Put together a high level view of sports betting handle, revenue, and tax figures since the repeal of PASPA. Includes NJ, MS, PA, DE, WV, RI... NV too. Best effort was made to ensure numbers are good, but if anyone out there wants to spot check I won't complain. #SportsBetting
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
So how did @DraftKings get to a $2.7B Enterprise Value (EV)? This exercise is not meant to dispute their valuation, but rather shed light as to how they possibly arrived at said number, while also highlighting the most important input variables that could impact their...
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
Alright... wake up, no power in area... cold as f***... and I need coffee (badly)... so it is time to go old school Costa Rica style and pull out the sock coffee maker and boil some water like momma taught me. 😀
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
"Effective immediately you are Ejected from all PlaySugarHouse Sportsbook retail locations..." Jammin' kiosks. Meet the Yale med student who made thousands β€” and then was banned from sports betting sites
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Meet the Yale med student who made thousands betting on sports and was banned from lottery sites

Until the letter arrived, Ike Lee thought he had sports betting in Connecticut all...

www.ctpost.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
8 months
"The gang is alleged to have used "advanced technology" to gain an advantage of around 20 to 30 seconds and quickly place bets." Welp. Interpol busts gang that hacked World Cup video feed to beat bookmakers
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Interpol busts gang that hacked World Cup video feed to beat bookmakers

The gang is alleged to have used "advanced technology" to gain an advantage of around 20 to 30 seconds and quickly place bets.

news.sky.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
So with FanDuel in the books now.... my tally says that for all of 2021 the big four US operators did about $4.5 billion in net revenue and -$1.9 billion EBITDA across their digital businesses...
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
A 2020 study by 888... "New Jersey-based female bettors typically won more bets... Women saw average returns of almost 20% on their sports wagers while men lost an average of almost 5%." Women Bettors Outperforming Men Via Less Emotional Wagering
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
β€œBetting markets are 100% noise, 0% signal.” Enjoyed reading thisβ˜•οΈ... Irrational gamblers fooled financial markets on election night
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
NFL OKs stadium betting lounges, but no betting by @DavidPurdum
NFL OK's stadium betting lounges, but no betting

Beginning this season, the NFL will allow teams to have betting lounges in stadiums, though on-site wagering will not be allowed.

www.espn.com
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@astraffon
Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
In Spain... "Spanish bookmakers must therefore offerΒ house limitsΒ to everyone, regardless of their perceived sharpness. The effect has been dramatic and instantaneous." Spain Might Show What Happens When Sportsbooks Cannot Limit - By @BradAllenNFL
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Lessons From Spain On What Happens Without Sportsbook Limits

Spanish books cannot legally impose sportsbook limits on genuine players and have been getting crushed. What does it mean for North America?

www.legalsportsreport.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
Brushing up my NJ sports betting spreadsheet this morning... Parlays have accounted for 20.5% of the ~$16.6B cumulative handle in NJ since inception... and 47.0% of the aggregate ~$1.1B in revenue. That is a 15.4% hold. Everything else has held 4.5%... Blends to 6.7%. β˜•οΈ
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
Meanwhile in Australia.... uncomfortable questions asked about limiting winners... uncomfortable answers.
@sothegreatgame
Richard Irvine
@sothegreatgame
1 year
And then BOOM! Can’t help but feel the noise we have made has helped lead to this exchange. We are in play for national bookies betting obligation. This exchange is a bad look for the great game that can easily be fixed up by a NBBO.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
@PihlOla There I fixed it for you... you cropped the source and my handle out of my work.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Had someone DM me about some good sports betting books. I'll drop one title and pass on to whoever wants to go next with another. We can all circle back and add more. Plenty of good ones out there. Happy to start in no particular order with... "Conquering Risk" by Elihu Feustel
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
Barstool Sportsbook Facing Backlash For Banning User From Betting On Promotions, Claiming β€˜Non-Recreational Betting Tendencies’
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Barstool Sportsbook Facing Backlash For Banning User From Betting On Promotions, Claiming 'Non-Re...

The Barstool Sportsbook, the sports betting app of popular media company Barstool Sports, is facing backlash from users on Twitter after an email to one

brobible.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
$PENN Penn National Gaming CEO: Barstool Sportsbook app to be in every state where sports betting legal in 2021
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Penn National Gaming CEO: Barstool Sportsbook app to be in every state where sports betting legal...

"As you get into 2021, I think you should expect for us to be in every state that's legal, where we operate and can launch by the end of 2021," Snowden told "The Claman Countdown" on Monday.Β "We'll...

www.foxbusiness.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
"Lift the damn ban already, MLB. Why? I’ll tell you why. Because the Cubs are going to have a DraftKings sportsbook and betting windows at Wrigley Field, that’s why." Whom is baseball kidding? It’s time to lift the ban and give Pete Rose his due
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Whom is baseball kidding? It’s time to lift the ban and give Pete Rose his due

Baseball loves gambling, that’s clear. It shouldn’t merely welcome Rose back, come to think of it. It should immediately install him as its Chief Parlay Officer.

chicago.suntimes.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Just going over some details of the PENN/Barstool investor call from a few days ago... this caught my eye: 50 engineers to develop their app... expected to launch in August 2020. Fwiw I got a buddy down in the tropics who can roll-out of bed and do this with his eyes closed.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
New York... "The governor... will make the revenue-generating measure a central part of his policy proposals to be laid out in next week’s State of the State address." Cuomo to fully embrace mobile sports betting in State of the State address
Cuomo to fully embrace mobile sports betting in State of the State address

ALBANY β€” Gov. Cuomo is finally willing to wager on mobile sports betting. The governor, who has long pushed back against legalizing online sports betting, will make the revenue-generating mea…

www.nydailynews.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
ESPN Said to Be Near Large New Partnership With DraftKings
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
"Australians have an innate sense of fairness almost built-in, and what the bookies do, what bet365 does is not fair..."Β  In this sports betting company, the winners are called 'problem customers' via @abcnews
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Leaked documents reveal how gambling company stops people winning

Inside information from one of the world's biggest sports betting companies reveals the secret techniques to stop punters winning.

www.abc.net.au
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
"DraftKings CEO Jason Robins angers many in the industry with comments against for-profit players." It’s shun and games in sports betting
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It’s shun and games in sports betting

DraftKings CEO Jason Robins angered many in the industry with his comments against for-profit players.

chicago.suntimes.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
This was a first for me folks... Hard to fit eight years into an hour, but did my best to give a high level glimpse of my time in the business. Hopefully you will understand how the offshore industry has been a lifeline for many of us... one I am very thankful for and proud of.
@BeBetterBettors
Be Better Bettors
@BeBetterBettors
4 years
Episode 25 up where @spanky interviews former Costa Rican Bookmaker @astraffon Soundcloud: Apple:
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Gem of a pic here. That was me ~19 yrs old... was helping run a retail book in San Jose, Costa Rica. Man I was pale and thin! ... A testament of working 45 hr weeks and studying chemistry at the time in college... My handwriting didn't do those boards any justice! Fun gig...
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
Meanwhile in IA Mattress Mack's Astros bet seems to have wiped out all the positive revenue BetFred and Unibet had accumulated since going live in that particular state...
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Via @SoberLook ... Morgan Stanley estimates US sports betting and igaming revenue combined will total $12B by 2025, compared to <$1.5B in 2019.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
Found my a.m.β˜•οΈread here... "This market is rife with all these inefficiencies that have been solved already in every other industry.” @a_kane47 Philly tech start-up Sporttrade has a new model for sports betting, and it looks a lot like a stock exchange
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Philly tech start-up Sporttrade has a new model for sports betting, and it looks a lot like a stock...

Drexel alum Alex Kane took one look at the traditional sports-betting model and concluded, β€œThis structure stinks.” He set out to revolutionize the market.

www.inquirer.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
One thing that sticks out in the @DraftKings ' investor presentation is that that $1.2B in EBITDA on $3.7B of revenue represents ~32% margin... Am I the only that thinks that is a bit aggressive? Some Euro bookmakers run at about 20%...
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
$DKNG "All DraftKings Sportsbook customers with an account balance greater than $0.00 will be able to watch live games from the company’s mobile platform." DraftKings acquires Bundesliga live streaming rights in US
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DraftKings acquires Bundesliga betting streaming rights in US

US daily fantasy sports operator and gaming company DraftKings has acquired live betting streaming rights to the Bundesliga, which made a high-profile return to action amid the global Covid-19…

www.sportbusiness.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
It would look a little like this @MarketAxess ... I've already called it WagerAxess for you!
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@astraffon
Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Hey @MarketAxess ... Any chance you want to replicate the inquiry-based platform we get in the bond world to the sports betting world? There might be something there... we should chat.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
10 months
"While sportsbooks are businesses and should be relatively free to operate as they see fit, a license to take bets is a privilege, not a right, and it comes with conditions. Legalized sports betting was meant to protect consumers β€” aren't winners consumers, too?"
@GeoffZochodne
Geoff Zochodne
@GeoffZochodne
10 months
If people can't bet, why did we legalize sports betting? Some thoughts @Covers :
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Some stellar guests here including @spanky , @JayKornegay , an 'Uncle Tony' from Vegas, a 'Ray Marino' from Costa Rica, @RufusPeabody , @capjack2000 , Will Hill's @JoeAsher ... The World of Sports Betting in a World Without Sports By @GregBishopSI
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
Think I'm gonna need a hat next time to properly hang with @DavidPurdum and @RoxyLasVegas ! Maybe @SportsbkConsig or @Schuetzinc can hook me up with one of theirs. Fun times gentlemen.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
Raise your hand if you spent time here? πŸ™‹β€β™‚οΈ " has operated one of the world's largest sports betting forums since 1995..." $2.4M deal. Overdrive Marketing Inc. Acquires Leading U.S. Sports Betting Brand
Overdrive Marketing Inc. Acquires Leading U.S. Sports Betting Brand TheRX.com

/PRNewswire/ -- Overdrive Marketing Inc. has purchased popular online sports wagering portal TheRX.com in a deal worth $2.4 million. TheRX.com has operated one...

www.prnewswire.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
From the book Gambling Wizards, by Richard Munchkin ( @RWM21 ). From his interview with Stan Tomchin, who recently passed. RIP. Link to the book can be found here. πŸ‘‡
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
A paper on Billy Walters. Have not read, but raise your hand if you booked Billy (or one of his beards)? I see some of those hands going up...βœ‹ Know When to Hold β€˜Em, Know When to Run: The Ballad of Billy Walters Tennessee Journal of Law and Policy, 2020
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
8 months
Five paragraphs to chew on... courtesy of BW...
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
Hey @JeffreyBenson12 ... this bad boy came in the mail today... Thank you for the @CircaSports gift!
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
So New Jersey record handle of $668M tops the Nevada record of ~$615M set last November...
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Hearing @DeckPrism has obtained their first license in the state of Colorado. Big congrats to @EdMillerPoker , @DavidowMatthew and their entire team. πŸ‘ This was today's full agenda for reference.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
... but I don't think they could fully grasp what it meant to me. And to them, and perhaps some of you, putting on a pair of clean socks is trivial. But I will never forget those times... and this story about socks. 6/6
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Great piece by @DavidPurdum where he helps immortalize some American sports betting culture: Parlay cards 'I thought I was Rain Man:' The dying art of the parlay card wiseguy
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'I thought I was Rain Man:' The dying art of the parlay card wiseguy

Cowboy hats, stale numbers and three-team "locks." This is the story of wiseguy parlay bettors and how their hustle might become a thing of the past.

www.espn.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
So @capjack2000 and I had the opportunity today to speak to a class of econ students at @WakeForest , specifically ECN395: Prediction Markets. Was fun. Like to think we gave some alternative views on the sports betting industry. πŸ˜‰ Thanks to Prof. Koleman Strumpf for having us.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
While many are happy to celebrate 3 yrs since PASPA was repealed, it is also a reminder to many bookmakers of all the years they were made out to be the 'bad guys'. Only to see now a bunch of newbs do victory laps. And still get called the 'bad guys'. Smh. #ProudlyMadeOffshore πŸ‡¨πŸ‡·
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 months
Here is link to that @60Minutes episode that aired tonight on sports betting... maybe I'm wrong but am inclined to think 'CYA' counter moves will be on the rise as some folks start feeling a bit 'uncomfortable'... guess if the shoe fits you know who are.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
On way to Wake Forest to be a guest speaker in a Prediction Markets class... Today's topic will be sports betting. I assure you they will get the unabridged version. #RealBookmakers
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Without the Wire Act, my gut tells me there are unique cultural, structural, and institutional underpinnings here in the US that would make a nationwide sports betting exchange a more feasible proposition... more than what has been tried/accomplished in other parts of the world.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
"Many may cheer at its demise, and yet it may reopen again, but it will always be a part of Costa Rica lore." Certainly a part of my past... ~3 years booking bets and meeting all kinds of folks. Infamous Hotel Del Rey Closed By Costa Rica Authorities
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Infamous Hotel Del Rey Closed By Costa Rica Authorities

The latest news and information from Costa Rica including the Infamous Hotel Del Rey Closed By Authorities

ticotimes.net
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
Here is what Disney CEO had to say about sports betting on earnings call...
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
Legal age for gambling in most states is +21... fantasy sports mostly +18 right? So from 18 to 21 DraftKings and FanDuel are well positioned to 'groom' their fantasy players and then turn them on to sports betting and/or igaming... pretty big head start if you ask me.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
5 years
Founding partners: Chris Grove, Managing Partner David Sargeant, Managing Partner Blaine Graboyes, Advisory Partner Seth Schorr, Advisory Partner SeventySix Capital, Advisory Partner Pioneering VC Fund Targeting Legal U.S. Sports Betting Opportunity
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Pioneering VC Fund Targeting Legal U.S. Sports Betting Opportunity

/PRNewswire/ -- The market for sports betting in the U.S. is expanding at an unprecedented pace following a 2018 Supreme Court decision that allowed all states...

www.prnewswire.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
So yeah, Illinois broke the $1B handle mark in October... meanwhile FanDuel parlay hold %'s keep crushing the competition (and bettors)... and it is not even close...β˜•οΈ
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
4 years
An exchange in NJ?! "The partnership will lead to the launch of Sporttrade's proprietary sports betting exchange product in the state of New Jersey" Sporttrade Partners with Twin River Worldwide Holdings, Inc. to Offer Online Sports Betting in New Jersey
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
For those curious souls wondering what hold percentage between parlays and non-parlays looks like in Illinois... just finished updating the good ole spreadsheets through November.
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
2 years
Great interview, rich with history, and glimpses of the how deep this business runs when you bet professionally. Thanks for sharing @haralabob ... will definitely be buying a book if you run with it. Awesome work @spanky .
@BeBetterBettors
Be Better Bettors
@BeBetterBettors
2 years
New episode where @spanky interviews Pro Sports Bettor @haralabob
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
1 year
So PA books cleaned up and made ~$29.7M by holding ~35.2% on the Super Bowl... this is probably a hold % and $$$ record going by states with legal sports betting... NV in 2014 held 16.5% and made $19.7M. Flipside: Imagine if Eagles had won and covered along with OVER! Yikes!
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
3 years
"..As of the ruling,Β the companies will lose the right to limit accounts, bet amounts, or prevent continued gambling...The firms can stillΒ appeal the decision" Spain: Courts rule against Betfair and Bet365 for suspending accounts of customers on a streak
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Spain: Courts rule against Betfair and Bet365 for suspending accounts of customers on a streak |...

If they do not appeal, the case could create jurisprudence The firms can still appeal the decision before the Provincial Court of Asturias. The resolution is one of the first of its kind in all of...

www.yogonet.com
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Alfonso Straffon πŸ‡¨πŸ‡·πŸ‡ΊπŸ‡ΈπŸ‡²πŸ‡½
@astraffon
9 months
"The New Jersey native was in a Manhattan subway station on his way to work at Deutsche Bank one morning when he had a life-changing epiphany." Meet β€˜Spanky,’ who left β€˜rat race’ to become top pro sports bettor via @reviewjournal
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Meet β€˜Spanky,’ who left β€˜rat race’ to become top pro sports bettor

After three years on Wall Street, Gadoon β€œSpanky” Kyrollos left the world of high finance for the world of high-stakes sports betting, and he hasn’t looked back.

www.reviewjournal.com
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