00:08 - Rob Pizzola (Co-host)
Welcome to episode number 50. 5-0 of Circles Off. What's this 50? Episode number 50. Big bomb banger episode. 

00:18
Actually, this one's going to be a little bit more niche this week. We tend to avoid niche episodes, but this is very topical for us Myself and Johnny, obviously executive team of Betstamp and we are Ontario based, so this is a big week for us. A lot of the questions we're getting this week both on our socials from friends, even on randoms, even from randoms on Twitter and other social mediums are related to regulation in Ontario. So we're going to cover it both from a regulatory aspect and from a strategy aspect. So there might be some stuff in this podcast that maybe you're not in Ontario. You can probably still get some takeaways, because there's a lot of states in the US right now that are not regulated. But anyone who's watching right now is going to see an unusual setup with four of us in the studio. This week we have a couple other Betstamp employees that we're going to bring to the table here. So what we want to get out of this episode is just covering everything that's going to happen in the province of Ontario over the course of the next few weeks. Longer than that From a. This is actually what's going to happen in the province of Ontario over the course of the next few weeks. Longer than that from a, this is actually what's going to happen standpoint. 

01:29
And then, furthermore, we're going to get into a little bit more strategy discussion and we understand that there's a very wide range of bettors myself and Johnny on one end of the spectrum which are sharp. I mean, we just throw it out there. We're sharp bettors, we win money in the long run. And then there's going to be people entering the space that are more casual, maybe never placed a bet in their life before, or we might have, you know the in-between who's. You know bettors that just want to know more about the market. 

01:56
So I'm going to bring in Jacob first, who's being thrown directly into the fire, literally. First week, bet stamp, day three, day three, and we put him on the mic here. So, jacob, introduce yourself and um your background, and I guess what kind of better you are if you even have any listen. When we do bets, when we hire at bet stamp, we're not just looking for anyone involved in the betting space. We like to take people who are just in the sports space, turn them into betters. Uh, from the standpoint of educating them. So, jacob, just give a quick intro on yourself. 

02:26 - Jacob Gramegna (Guest)
So obviously my name is Jacob. I make Raptors themed content on YouTube, so I'm definitely versed into the sporting world and recently I guess I've been a bit of a casual better for one to two years now, really learning the game, still learning every single day, having picked up just a few things being here for just three days. And now that Ontario is going to start legalizing betting and we're going to be able to see maybe more books, I think it's important for myself to get a bigger understanding and a better understanding of how to manage my money. I would say just from experience, I'm just in it for the fun. Obviously it's more fun when you win money, but at the end of the day it adds a new layer to watching sports. That's a lot more enjoyable for myself, so that's what I enjoy doing perfect, and which sports books are you using, jacob? 

03:14
sports books. I was pretty much strictly betway for the last year and a half and the last few days I've put some on bet 99 I. I just want to bet 365. And I'm just starting to branch out a bit more with the knowledge of finding the best odds. 

03:30 - Rob Pizzola (Co-host)
Good to hear Good answer. By the way, three days Learned a valuable lesson already. All right, josh, over here, probably the most handsome guy in the office. I'm not scared to admit that. 

03:40 - Josh Goodwin (Guest)
You never told me that before, Rob. 

03:42 - Rob Pizzola (Co-host)
Introduce yourself. Josh has been with us longer than jacob. He manages a lot of our internal programs. Uh, but josh, same thing. Introduction on, uh, who you are, where you came from and your style of betting well, you know I got a job here, uh, not too long ago. 

03:56 - Josh Goodwin (Guest)
I do a lot of social media stuff, work with the influencers, but I am definitely a more casual, better. I try to convince myself that I'm more than that, but at the end, end of the day, I'm still learning a ton with it. I don't do it to, you know, make huge sums of money. I do it to, like Jacob said, enhance the game watching experience, and it definitely does that for me. So, learning how to do it better, obviously you're going to enjoy it more, and I'm always invite to the newbie podcast here trying to teach everyone how to gamble. That's what happens when you go 0-7. So I could maybe take some lessons away from today. 

04:33 - Rob Pizzola (Co-host)
Listen. You flip a coin seven times. It's going to come up heads or tails seven in a row. I mean I don't know the percentage off the top of my head, but it's going to happen more frequently than you think. So we don't care about the short term streaks, we just care that you are, you're learning every day some concepts and you can take that forwards. For those that don't know, dgen Fund, quick plug If you do, go to the BetStamp app and you go to the marketplace, hit up the DGEN Fund, click, follow. This is our internal program where we prove that in the long run you can win money purely by line shopping. Anyone in the office can make a pick in the DGN fund. Anyone on any given day can say I want to bet this game, I want to bet this player prop, whatever. We bet it at the best possible line in market and we do track it in bet stamp. 

05:20 - Johnny Capo (Co-host)
We're up quite a bit over the course of the last year. I'll pull the numbers right now. 

05:24 - Josh Goodwin (Guest)
I might've almost bankrupted us there for a moment. 

05:26 - Rob Pizzola (Co-host)
Well, listen, we go on runs. I've had some bad runs as well. I mean it happens the, but I mean we got lucky with some futures for sure. We are myself and I don't actually know your guys' background, but myself and Johnny are like Italian Canadian, at least our parents are of Italian heritage. So we were riding Italy pretty hard during the Euros, which was nice for the DGN fund, oh yeah, getting a lot of first goal score kind of stuff in there and mixing it up. But it is a pretty fun program that we run internally. What are the stats? 

05:57 - Johnny Capo (Co-host)
so the only rule for the DGN fund is one rule. The rule is whatever bet you want to make, you need to bet at the best number in the market. There's no exceptions. If someone suggests a play, we first ask them what sports book. If they list a sports book and they can't find and someone else can find a better number elsewhere, they're toast banned from dgen fund for from making picks for a couple weeks. So that's the only one rule. 

06:19
Current stats right now we again it's all tracked on bet simp and you can follow it daily in the marketplace Average bet size $797.07. And we are running pretty hot just over 11.6% for a total profit of 19.3K. Goal is we want to get this thing up to 100K in the year. So we want to try to make it so that, via the power of line shopping, having literally every single possible sports book that you can, we want to prove to you guys that just making picks with no edge, no models, no, no statistics, going like you know, whatever you want to pick for the day could be your favorite team every night. We want to prove that you do have a shot to make money if you're line shopping, especially when you're looking at the futures in the props market exactly. 

07:03 - Rob Pizzola (Co-host)
I mean we're gonna have to hit some more big bomb bangers like we did over the summer. 

07:07 - Johnny Capo (Co-host)
I think we had a big golf winner in there too we're gonna have to hit a couple big bomb bangers, absolutely like we're obviously waiting for the leafs, like if they get on the first round, it's probably going to be a detriment to the dgen fund. If we get a leafs cup run here, we might bring this thing to 100k even if the raptors win a couple series, like that would be the raps win a series as well. 

07:25 - Rob Pizzola (Co-host)
I cannot envision a night where we do not have raptors money line in the dgen fund we're gonna bang the toronto. Parlay raps, leaves jays raps leaves jays and occasional tfc on a four team toronto once in sinia arrives toronto fc in the summer, when we get the italian players all right. 

07:42 - Johnny Capo (Co-host)
So, off the rip. Um wanted to get into what is exactly happening within the canadian market right now, within the ontario market, but before I do that, I do need to give kind of like a little bit of an overview on how betting works currently in ontario, as well as in other unregulated states. So, um, if you're in ontario and listening to this podcast, you probably know a lot of people who you probably know a lot of people who bet. You probably know tens, hundreds of people who bet, and all those people have what they call like a betting site or a sports book. Now, in the current marketplace in Ontario, there's a few different ways to bet. The first is called what we call in the gambling industry, the paperhead industry, or PPH. 

08:21
Now, what this is is essentially you might have a buddy or a guy from your high school or a bartender, someone who has like a local bookie, and they're like yeah, yeah, like I'll set you up with a betting account. They give you an account, they've got like an agent login so they can track the bets, and what happens is it's just like a group of guys that are, you know, taking action. Um, you know it is deemed illegal within Canada to do this. However, know it is deemed illegal within canada to do this. However, it is not illegal, um, to actually place a bet via this method in canada. I'm not a lawyer, so, for anything, obviously consult with a lawyer if you are making these decisions. But based on our knowledge, you know it's not illegal to place a bet. 

08:56
However, when you are betting with these like local bookies, there's a lot of things that could come up. You know, either bad or good. The good thing is they do offer bets on credit. So, um, you know, if you hear of someone who's like oh, I got paid out or I didn't get paid out, it's because you know they don't actually collect money upfront. They just, uh, you know, market on a sheet within the software. If you win, you get paid out, if you lose, you're supposed to pay. Um, obviously that doesn't always happen, but that is kind of the whole paperhead industry, of how that works, the PPH industry, and that's. If you see someone who has like a bookie or knows that, then that's kind of what that is. So, for anyone listening, that's what that is. Any comments or questions from any? 

09:34 - Rob Pizzola (Co-host)
That probably would have been our first experience with sports betting in Ontario Was for me, probably for you, John. 

09:40 - Johnny Capo (Co-host)
I mean I was, was. I'm a little younger than you so I had like a bunch of different sites off the rip, yeah. But but yeah for sure, like you always, you know people from your high school and from that like, oh, give me a bookie account, or hey, you want to be a bookie and you know, for me it was always no, but uh definitely know people who did go ahead. 

09:57 - Josh Goodwin (Guest)
So these are people who are just offering services of. I'll present a line. You can take either side of it and you know it's a really informal thing. This isn't some company that's backing it. 

10:06 - Johnny Capo (Co-host)
No, so it's literally going to be backed by, like, a group of people within here. 

10:12 - Rob Pizzola (Co-host)
More often than not, I like I'm a criminal enterprises. Let's put it that way Like you meet up with what's commonly referred to like a Johnny Knuckles, so to speak, at the end of the week to either pay up or they pay you, and if you can't pay up, there's probably going to be repercussions. That's just the typical, the way that the PPH world would work. 

10:34 - Johnny Capo (Co-host)
Yeah, fyi, it's not something we would recommend at BetStamp or here. I'm just simply explaining kind of different things in the industry that happen right now. So this, by the way, like it's not like a guy's offering you a line on like a text message chat. There is a site that you log into. There's multiple different sites, or skins as people call them, and they're usually based offshore. So maybe like Costa Rica or Panama, antigua, depending on where they may, you know, have a license to accept gaming and within these, with these sports books or with these paper head books, um, the actual risk and the liquidity is backed by like an entity or a group, not a corporation or anything like that. So they just pay this website a fee. That's why it's called paper head. They might pay a dollar ahead, ten dollars ahead per person per month. Okay, it's a dollar a person and they have 10 000 people, it's 10 000 bucks a month. That goes to that costaican company, et cetera. Anything else to add? Rob? 

11:28 - Rob Pizzola (Co-host)
That's just the most traditional I would say most people's first venture into betting would come that way. Like Johnny said, there was really no issues with the better betting into PPHs or into offshores, which we'll talk about next. Um, but it is illegal to run that type of bookmaking operation, uh, across canada and, as far as I'm aware, across the us as well okay, you need to meet with these people in person to get your winnings I mean. 

11:57 - Johnny Capo (Co-host)
So nowadays I'm not, you know, I don't really partake in this part of the industry, so it's it's tough to really know. But uh, you could meet in person, send an e-transfer, whatever, whatever. 

12:08 - Josh Goodwin (Guest)
I guess there's no standardized way to do it. Yeah, that's the whole point. 

12:12 - Rob Pizzola (Co-host)
At the end it's. It's at the discretion of the people that are involved in that to settle in whatever way that they want to settle. There's usually agreed upon uh, settle limits. So, for example, someone's not going to come up and meet you if you're up for about four bucks at the end of the week. Right, it's gonna be a waste of a trip to a parking lot for you two guys to meet together. They're gonna say, hey, let's roll this over to next week. But it's basically the wild, wild west of betting. 

12:37 - Johnny Capo (Co-host)
If I could put it in any you know, apply any context to it yeah, not a space you want to be playing in, especially as a new, better. So we'll skip that, but we did. We do think it's important to kind of explain how that works. So second is what is called the offshore industry. Okay, so the offshore industry is, um, you know, largely a black market operation to run. However, as mentioned, is not illegal to bet within canada. So there are companies that set up offshore and, instead of having their you know an organization, collect the money. They incorporate a corporation or a company somewhere offshore maybe the cayman islands, maybe costa rica, maybe panama different for all of them and what happens is they will run their own site, they'll have their own trading team and they will market their services to Canada and the US in a way that is illegal for them to operate. 

13:29
So examples of these companies that are considered black market offshore operators will be brands that you may have been very familiar with or heard of on a day-to-day basis advertising. So one that everyone knows from advertising, especially here in Canada, is MyBookie, mybookieag, straight black market operator. You also have Bodog, you have Bovada, you have bet online and you have a few other operators. Now, my bookie, absolute scumbag site. Never play that, what never play there whatever. 

13:56
However, this is not just because they're a black market operation doesn't mean they're any worse or better than the regulated market. Doesn't mean they're any worse or better than the regulated market. It doesn't mean they're any worse or better than the paperhead market. All it means is that they are operating their company offshore and because they're doing so without a regulated license within Canada or the United States, the people and the big executives behind these companies would actually be subject to criminal charges if they step foot in the United States, et cetera, et cetera. So these entities example Bodog, example BetOnline, example MyBookie will typically offer like accept crypto or things like that, because they can do it without a regulated agency and a governing body. And, fyi, it's not like you're going to get stiffed if you play at these sites or if you, you know, do this. It's no guarantee of anything. All it is is just another opportunity to play and this is no guarantee of anything. 

14:50 - Rob Pizzola (Co-host)
All it is just another opportunity to play, and they operate without a license within Canada and the U? S right now. Anything to add, rob? Yeah, so from a player perspective, if you're dealing with black market or they would refer to themselves as gray market operators, where the laws are not clear on what they can and can't do, um, from a player perspective, you don't really have any recourse if something happens on one of these sites. So, for example, if they just didn't want to pay you, there's really nothing you can do about it. From a player perspective, there's no regulatory body that you can appeal to and say, hey, I'm up all this money. This site's refusing to pay me because, again, they're just operating in gray market. Now some of these sites will also operate directly in Canada, but on native reserves as well. So we see this a lot. 

15:27 - Johnny Capo (Co-host)
That will be a different thing that I'm going to go into. 

15:29 - Rob Pizzola (Co-host)
Which we'll get to, which is more gray market as well, but the reality is that these are well-run sites for the most part. Obviously, with anything there's scams and there's going to be poor sites. You'll see a lot of the black market operators accept crypto as form of payments because it's very easy on their front. Typically, anyone who's deposited into an offshore sportsbook from Canada before has probably had problems. You might have I definitely have where your bank just declines your credit card and says, no, you can't deposit here. This is a gambling transaction. Because of this, they're encouraging you to deposit with crypto. They're giving you crypto bonus, so typically you would get your bonuses in the form of crypto. That's how you can very easily tell who is a black market operator when you're going to deposit. 

16:15 - Johnny Capo (Co-host)
Okay, so you've got your paperhead operators paperhead market. You've got your black market operators that are operating, you know, offshore and illegally, and then in Canada specifically which doesn't happen in the United States you also have what's considered the gray market operators, and these gray market operators are not licensed with the government of Canada because up until a few months ago, there was no process to get licensed here in Canada. So they're not licensed. However, they do possess either a license or some sort of exemption from a native reserve, usually within Canada. So this is basically and again, I'm not a legal expert A lot of what I'm saying is not you know it's it's. It is what it is. I think it's accurate, but obviously check with a lawyer before you actually make decisions based on what I'm saying. 

17:03
But back in the day the natives had, you know, laws here in Canada where you know they would, they would gamble and stuff like that, and then when it was colonized here, the natives are able to operate within Canada and do the same things they were doing prior. So when you look at casinos and things like that typically are on the native reserves because they don't require licensing from the government, they don't have to pay X amount of taxes and things like that. So companies that might, you know, license on this native reserve and operate out of this native reserve do not need to possess a license with the government of Canada or the government of Ontario in order to operate their sportsbooks within Canada, rate their um sports books within canada. So these operators, um are what's considered a gray area because they're located in canada. Some still might be located offshore. You're able to play there, you're able to deposit in with e-transfer, credit card and stuff like that and not get blocked. However, they're not technically regulated with the actual government of ontario or the government of canada that's clear. 

18:04 - Rob Pizzola (Co-host)
Now. You two guys are target market. Anyone like anything that does not make sense to you so far, or are you guys following along so far? So yeah, so far following along. So things are going to change on april 4th, let's get into it. 

18:17 - Johnny Capo (Co-host)
Okay, so comparable to the united states. Now, within the united states, they had the paperhead bookies, and they still do. They had the offshore paperhead bookies, and they still do. They had the offshore bookies black market, and they still do for some of them. And then what happened with the US is, you know, a law was repealed a few years ago in the United States and now, state by state, the governments in the US are starting to legalize sports betting and open up a competitive marketplace where US, canadian, european, any company can go, apply, apply for a license, pay money to the government and be licensed in a green market where every single thing goes through the government, taxes are paid, everything's on the up and up, you have a governing entity in a regulated body to go to for a dispute, for an issue, a commission, so to speak. 

19:01
Companies that are in the green market, regulated space, 100% companies by the names of BetMGM, betrivers, draftkings, fanduel, caesars, pointsbet, thescorebet, barstool, sportsbook and other brands along those lines. 

19:16
So these companies were not operating in Canada under the gray area. They were operating only in licensed market. On April 4th, which is this upcoming Monday from when you're listening to this podcast, we will have those operators launch in Canada, and now we get a new set of sports books right here in Ontario that are regulated. On top of that, all of the grey market operators are given a chance to apply for a regulated license, and what we've seen so far is that some of them a lot of them have already been granted an approval for a pre-license. So a lot of the gray market operators will be getting official licenses within canada to now operate in the green. The operators who were in the us draftkings, fanduel, mgm, points bet are going to be coming over to canada and ont Ontario with a green regulated license, and the offshore guys who you know they're able to apply but are unlikely to get a license from the black market. 

20:13 - Rob Pizzola (Co-host)
Right, so give some examples, I guess, of the gray market operators that we expect to be in Ontario on April 4th. 

20:19 - Johnny Capo (Co-host)
So gray market operators that have already been 100 confirmed in ontario for april 4th would be operators by the names of bet 365, cool bet, leo vegas, royal panda, um, to name a few. So they were already operating. You can go right now and open a bet 365 account. 

20:36 - Rob Pizzola (Co-host)
It's not april 4th yet I mean jacob said you're betting on bet 365 I made a bet on bet 365 today? 

20:41 - Jacob Gramegna (Guest)
okay yeah. 

20:42 - Johnny Capo (Co-host)
So betway would be another example. Um is you know these guys have their license. They don't. They have licensing like elsewhere, or you know they're going with different um, you know company structures in order to make sure they're getting the licenses. But you can. You can go for a bet365 account. Open it right now. You can open a leo vegas account right now. You can open a cool bet account right now. What's going to happen is on April 4th, that now becomes regulated. They pay a specific, you know, tax fee, structure, market access fee, and now there's a regulation the AGCO, which is the Alcohol and Gaming Control Board of Ontario, and the AGCO now regulates this whole process. If you have a dispute, you can go there. 

21:20 - Rob Pizzola (Co-host)
If you're a player, if you have a dispute as an operator, you can go there, and everything is now kind of on the up and up no more stiffs hopefully, you know not getting paid out well, you, you at least have a regulatory body that you can complain to at this point, yeah, like if a sportsbook had a problem and they said we're not paying you for so and so reasons, you could then petition to the regulatory body or the government of ontario basically to say, hey, I, I feel like I deserve to be paid for this situation and at least there's a neutral party that's dealing on your behalf, and go for a fair trial. 

21:47 - Johnny Capo (Co-host)
Exactly. 

21:48 - Rob Pizzola (Co-host)
You can have an opportunity to plead your case rather than just never seeing your money. 

21:51 - Johnny Capo (Co-host)
essentially, so Ontario is regulating not only for sports betting, but also for casino and poker sites as well. So you will see regulated casino sites, regulated poker sites, as well as all of these sports book operators also. For the most part, most of them will also have a casino side where you can just go over to bet365 casino, play some, you know, dunk away some money on some online blackjack if you're feeling it yeah, interesting question here. 

22:14 - Josh Goodwin (Guest)
I know that in the us at these big casinos, they do have a sportsbook actually on hand where you can go over watch sports live bet through television screens. Is that going to be happening in Ontario? 

22:25 - Johnny Capo (Co-host)
Great question. So that is one that you know nothing's been formally announced yet or anything like that. My belief is that we will see physical sports books, but it's not going to be right away. You have to obviously build them up. You're going to see partnerships, I believe, with some current land casinos and things like that, where you would be able to have a big sports book, the actual sports book experience in the U? S. It's cool for like your first time, but it's it's not the greatest Like. It's kind of we're. We have a luxury of being able to place bets from our phone, like from you know, open up, place a bet right away mid game. The actual sports book itself is more of just like a bar setting you the the physical like ability to go over the counter and pay for a bed and drop down the money. 

23:07 - Rob Pizzola (Co-host)
It's kind of a big hassle have you guys watched uh games in like vegas sports books before at all. 

23:12 - Josh Goodwin (Guest)
Like in vegas yeah, no, no, I never have no okay yeah, I think that I'm with johnny. 

23:17 - Rob Pizzola (Co-host)
There's to each their own right. Everyone. Some people are just gonna like an online betting experience. It's it's much more convenient. Obviously you place it on your phone. For me, I've had so many like such a wide range of experiences at US, like land-based sports books. Sometimes it's amazing. Sometimes you have a guy cheering next to you who's got like a $5 ticket on the opposite of your bet and you're like sweating $1,000 and you just absolutely want to murder this person who's like really loud, but I don't know, I kind of do like that sometimes. 

23:49
For me, one of the best sports experiences of my life was a few years ago. Uh was a playoff game between, uh, jacksonville and pittsburgh. It was the year that the patriots beat the jaguars to go to the super bowl, but the round before that was jags uh steelers. Yeah, I watched it at sports book which is honestly not a great sports book, cosmopolitan in Vegas on the strip, but it was so divided 50-50. And it was such a high scoring back and forth game. Those experiences are like incredible. 

24:17
I would be absolutely floored if there are not land-based sports books within the next year in Ontario. 

24:24 - Jacob Gramegna (Guest)
I'd be very shocked if that doesn't happen do you think that a market exists for that? Like, not necessarily like even for a bar to open up a book like, let's say, something like boston pizza, where you can watch a bunch of games. What have they? Opened up a section where you could do some live betting. You're going to be there anyway for food. Open up a spot for live betting. Is there there a market for that? 

24:44 - Rob Pizzola (Co-host)
I absolutely think. So. I absolutely think it will happen Like pretty much every major sports bar in some capacity will partner with a sports book over time and actually be able to take bets on site in a, and it'll like. Some people will absolutely hate it because it's going to completely change your bar experience when everyone turns into a you know a better or so to speak. But um, I, I will. 

25:06
There's so much money, like at stake here and so many we'll get to this, but so many different operators who are going to be in market here that they are throwing around dollars to compete with one another. Right and uh, definitely I think you're going to see big partnerships with major cross Canada companies um, like a Boston pizza. I think that's a great example. But also just individual sports books Um, obviously in Toronto we have real sports, which is right outside Scotiabank arena massive sports bar. There will undoubtedly be some sort of sports book partnership. 

25:37 - Johnny Capo (Co-host)
Nobody knows what any of these things are If you're not from Canada, but you know what Like Boston pizza from canada, but you know what like boston pizza 100 is not, so let's compare it to an american. 

25:47 - Rob Pizzola (Co-host)
What's what's like a cross-country uh, similar american corporation? Like an applebee's yeah, maybe a bit better yeah, more high scale, wait, boston pizza. 

25:58 - Johnny Capo (Co-host)
No, boston pizza is not the greatest well, it depends on your perspective. 

26:02 - Rob Pizzola (Co-host)
I agree with you. I'm not here to slander Boston pizza. 

26:04 - Jacob Gramegna (Guest)
I am here to slander Applebee's, though. 

26:08 - Rob Pizzola (Co-host)
True, I don't know. I don't know what the comparable is, because-. 

26:10 - Johnny Capo (Co-host)
There's one Boston pizza in Niagara that is essentially a Dave and Buster's yeah, and that one is good, but the rest of them are not good. 

26:18 - Rob Pizzola (Co-host)
Yeah, I guess it's a very similar feel to the Dave and Buster's dining part, like minus the games right, yeah, yeah. 

26:24 - Johnny Capo (Co-host)
Boston pizza is literally like it's. It's a. It's a moderate, it's a it's. 

26:30 - Rob Pizzola (Co-host)
It is what it is, it's like yeah, you're gonna go out, you're gonna pay for overpriced pizza and, uh, a good sports atmosphere. 

26:37 - Johnny Capo (Co-host)
I guess it's a lot of options, not a lot of good options but a lot of options. 

26:41 - Rob Pizzola (Co-host)
You've never ordered their jambalaya, I can tell from boston pizza it is actually probably the last thing I would ever consider ordering from a boston pizza like, who is going until you try it? 

26:53 - Jacob Gramegna (Guest)
I'm I if I want jambalaya. 

26:54 - Rob Pizzola (Co-host)
I'm not not going to boston pizza and also like if I, if I'm look, if I just sit down, I don't even know what I want to eat. At boston pizza and I saw jambalaya and it even had like the recommended, like chef's special symbol next to it, I still would never order you know, sometimes the waiter gives you the main menu and then the special, a little sheet. 

27:13 - Jacob Gramegna (Guest)
If that was jambalaya it's probably still would turn it down so so back to back to jacob's initial question here. 

27:21 - Johnny Capo (Co-host)
Like do I think that? Do I think that there will be, like stuff in boston pizza? Um, I personally I think that you know there might be a shot that there is, but I don't think you need it because everyone could bet anywhere as long as they have a phone right, and the majority of people, especially probably 100 of people who want to bet, have a phone, have a cell phone. That's either, you know, an iphone or some sort of android that has data on it that they can automatically bet from at any time. So when you have something like this, you can make any. 

27:49
Like your buddy's basement is now a sports book because you all go down there and you're like nicks are down, you're like the nicks are down to the wraps, like wraps are about to blow this let's, let's bet on the nicks and then the nicks come back. Wraps are live dogs, like I'm hedging off and putting it on the Raptors and you dunk the balance back, cash a middle or something like that. Like that is a fun thing that you can now just have with your buddies in your basement. You could have always done that because we had sports books, obviously, but when it's regulated, one thing that picks up is obviously the advertising. Everyone's more into it. Right now, a of people are more or less concerned because, like there are reputable payment methods now and you don't have to worry about money going in and out of your bank and stuff like that. So, uh, realistically, like I don't think we need it at like a boston pizza. 

28:32
But physical sports books there should be a few popping up and the reality is it's more of an experience, it's more of a thing to do with your buddies. Like let's go to the sports book and watch this game. Or like maple leafs are in the playoffs. Like let's go, let's book game six and pay a cover to go to the sports book and pay a drink minimum or food minimum. And like go, go get a table at this sports book because you're just now watching it in a sweet environment or atmosphere. 

28:57
However, the actual betting portion of it, it's like we've talked about it. I think we talked about on an earlier episode. But like when you bet over the counter at a physical sports book, what happens is you bring cash, you bring a hundred dollars, you put a, slap a hundred down, you say let me bet on the leafs guy prints your ticket, sometimes the line changes like oh, the line changes like you don't. You don't see anything. There's no screen like. There's like a little odds board up at the side which isn't it's not the same experience as on having your phone or your desktop? 

29:22
yeah, and then, not to mention, like, he gives you a printout slip of the ticket and like if you lose that slip, you lost your bet. So like, think about how many people lost, won their bet and lost their slip in the whole world in history billions, potentially trillions of dollars in lost slips literally there was an article this is many years ago now. 

29:41 - Rob Pizzola (Co-host)
We're talking about a half decade ago about a guy in the state of New York who made a living off of just going to the racetrack, horse racing, picking up slips off the floor, uh, entire day, and just feeding them through the machine, and the guy made like 60 000 in a year wow just feeding because people think they lose. There's an inquiry or whatever. 

30:03 - Johnny Capo (Co-host)
But yes, this think about how many people were in vague in las vegas bet a futures bet on their favorite college football team or something, or college basketball team? Went back home, misplaced the ticket because it didn't grade for like 18 months or 15 months and then, um ended up winning the ticket and then lost it and couldn't cash it and that was like a fifty thousand dollar cash. Probably so many people, uh. So anyways, that doesn't happen. On the apps. It's like much simpler, um, even in terms of like getting money in and out. You know, no one really wants to carry around. Let's say, you want to place a five thousand dollar bet, like do you really want to bring $5,000 with you on the, on your person walk into a sports book? Like there's a lot of concerns around stuff like that, that okay sure, maybe 5,000 in a duffel bag. 

30:45 - Rob Pizzola (Co-host)
You can actually fit 5,000 in your pocket, but some professional sports bettors out there think that you need a duffel bag to carry $5,000 around. 

30:52 - Johnny Capo (Co-host)
Yeah, 5,000 might be fine because you can put it. You can fit 5 000 in in a duffel bag, but 10 000 where you might need two duffel bags for that. So I don't know if you want to be walking around two duffel bags. 

31:03 - Rob Pizzola (Co-host)
No one has any idea what we're talking about every single time we bring that up, except for one guy who messages me on twitter every time and he's just like, absolutely love that reference. It's low-key, uh. Okay, I will explain what it is. Um, we obviously do tweets that trigger us on this program. If this uh program was live, if circles off was live at the time of tweets that trigger us, this definitely would have made it into a segment. Um, but there is someone who claims to be a pro better, named simon hunter, who I don't necessarily believe is a pro better. That's that's regard, you know, irrespective of what I'm going to talk about here. But, um, he did like a segment on how he uh interviews runners for him to go to different sports books to bet on his behalf. 

31:51
Now, the whole idea of having a runner or beard or whatever at different sports books the main reason someone would do that is they would put people at different sports books. The main reason someone would do that is they would put people at different sports books so that they can always get the best number. It's essentially a form of line shopping at a land-based sports book. So across vegas, you might have someone in 10 different people in 10 different locations. So when you want to bet something, you'd quickly look up who has the best price. You'd get your runner there to bet it. 

32:16
Simon hunter says he's hiring runners because he's lazy. He doesn't want to place the bets on his behalf. That's clue number one into his professionalism. But he also talked about how he goes through an interview process where he asked to speak to their mother for some reason. First of all, it never worked for someone who asked to spoke to my mother, no matter how desperate the job was. But whatever, he goes through that interview process and part of the reason he wants to speak to their mother in the interview process because he wants to get a gauge of how they were brought up, because he is handing them sometimes $5,000, $10,000 worth of cash in a duffel bag to go to place bets for him. 

32:54
Now, I've been betting a lot in my life. Granted, canadian dollars are a little bit different than american, doesn't matter, it's kind of relatively the same size. But I grew up betting in pph accounts, which we talked about at the beginning, and I've had some big pickups in my life. You know what five thousand dollars looks like in terms of a stack. No, it is it's about this. 

33:16 - Johnny Capo (Co-host)
It's thicker than my phone right in hundreds000, that phone in hundreds is probably 10,000. 

33:23 - Rob Pizzola (Co-host)
Maybe not, but regardless, you can put $5,000 in your pocket with absolutely no problem whatsoever. You could put $10,000. You would never, ever. Even if you were carrying only tens and fives, you could probably fit it in your pocket and not in a duffel bag. 

33:39 - Jacob Gramegna (Guest)
It's the most ridiculous thing I ever heard in my life I have held $3,000 in 20s, tens and fives and it's about like that's about an inch and a half two inch thick, and that's 20s and tens. 

33:49 - Rob Pizzola (Co-host)
Like I don't know if this guy's sending like he's in runners with. 

33:59 - Johnny Capo (Co-host)
To place a big bet, pulls open a briefcase, opens it up. He's like 5 000 on the nicks. 

34:05 - Rob Pizzola (Co-host)
It's all ones and the teller is counting it and the bet goes off the board by the time they're able. You've been able to get it in like it's the most ridiculous thing I've ever heard. So I do bring it up over and over and over, because it's actually it really bothers. 

34:18 - Jacob Gramegna (Guest)
Well, like you said, professional bettors, they want to look professional and to an inexperienced better. Wow, he's walking with duffel bags. 

34:24 - Johnny Capo (Co-host)
He looks badass, yeah it looks cool you probably need how much do you need for to put money in a duffel bag like you need like 100k yeah, no, but nor would it you be. 

34:35 - Rob Pizzola (Co-host)
Yeah, I, I guess I don't know the amount that I would need. 

34:38 - Johnny Capo (Co-host)
It depends on the denomination of bills, but like, for example, like, you could easily carry like, if it's all in hundreds, you could easily carry 50 grand on your person. 

34:48 - Rob Pizzola (Co-host)
Yeah, I've literally seen people with the traveler's pouches, like I haven't spent all my lifetime in Vegas casinos. 

34:56
I actually spend very little time in Vegas, sports books or whatever. Most of the betting I've done in the course of my life has been online, but I've been a lot of scenarios where I've been in a sports book for several days making big bets and the reality is I've never actually seen someone with a duffel bag. The biggest bets I've ever seen were those travel pouches. You know, because you're getting a lot of money, you want to have it visible, visibly, attached to you at all times and so no one can pickpocket you in front of you or whatever, and literally you'll see people pull out a wad, which you know, of hundreds and it's probably like making a fifty thousand dollar bet, hundred thousand dollar bet, but it literally fits in a travel pouch yeah, I mean I'm so happy that the like, with the regulated books coming as well, and then just the ability to, you know, transfer in via like bank transfer and have your balances all online, like I am excited. 

35:40 - Johnny Capo (Co-host)
You know I don't deal, uh, haven't dealt in the actual like physical cash game for a number of years and it's it's much, much better. So even when we're talking about that, as like I don't ever want to carry cash on me. I rarely, ever do. I never carry like anything above. Maybe, like you know, whatever, you might carry 200 bucks in your wallet or something like that, but I'm never going to actually carry a large amount of cash, especially not when going to like casino or something. So that alone is just like another four, four apps against in-person, uh, in person. 

36:10 - Rob Pizzola (Co-host)
I think that's going to be one of the biggest advantages to ontarians now going forwards. Is payment processing traditionally for betting in Ontario is such a pain Like we have four banks basically in Ontario, four major banks who dominate the majority. Well, let's list them out. Who cares? 

36:28 - Johnny Capo (Co-host)
It's mostly Canadians listening here, but Scotia TD, rbc, bmo, cibc and HSBC. 

36:35 - Rob Pizzola (Co-host)
Okay, hsbc, I'll argue, is very small here. 

36:37 - Johnny Capo (Co-host)
It's the one of the only six that allows you to get a business bank account. 

36:40 - Rob Pizzola (Co-host)
Sure, okay, five major banks, let's say, in Ontario, but a couple of them are directly block any gaming transactions right now. So TD is one of them. I'm with TD. I've experienced this my whole life, where you go, put in a TD credit card and they say, no, we're blocking your transaction. That will no longer happen as of April 4th. So that's huge. 

36:57
Now for people who want to bet on sports, you no longer have to deal with crypto. Listen, I'm very well versed in crypto. I have been my whole life. There's a lot of people who just don't want to buy a bunch of crypto to deposit to a sports book. Okay, interaccy transfer this is just so easy for you to get money in and out nowadays and the amount of options that I think canadians are going to have available to them. This is where I think it's going to just be night and day relative to what we've seen over the course of the last, you know, half decade decade, where people are just like I can't get money. People go with pph accounts and their local bookie because they can deal with cash, and lots of canadians have been dealing with proline um over the counter yeah, go get a ticket. 

37:41 - Jacob Gramegna (Guest)
That's my one of my first experiences of betting right as as it is for most forgot to mention proline as a betting option in canada. 

37:47 - Johnny Capo (Co-host)
My whole thing is. My whole clip is done. Now your whole clip is void there was one more option in canada that was regulated by the government. Okay, I didn't mention it because it was just so trash in terms of an actual betting opportunity. However, they did have a licensed operator, one it's called pro line. If, for anyone who's in ontario obviously know what it is um, you go to a convenience store or gas station and you fill out a little, uh, scantron-esque type sheet with a paper hv2 pencil only. 

38:16
And, uh, you, you, that operator, like the guy who or guy or girl who owns the gas station or whoever's working at the station, will feed it through the runner and then it'll give you a little printout ticket with olg with olg, the maximum amount you could bet it would be two thousand dollars. 

38:32
It was like two dollars to two thousand dollars and the um the minimum amount of games you had to bet per slip is three. So you needed to bet everything with a three team parlay and there was no money line. The max you couldn't bet a team to win for, like football or basketball, you had to bet them to win by four. It do spreads, hockey, you could do money line, but it was just such a high hold, static, odd set so you could still find some edges here and there, but it was such a high uh juice. Basically like the spreads were anywhere in the range of, like you know, because you had to parlay. So you're looking at like a minus 50 percent roi right away on your ticket not to mention anytime you actually did have an edge on a bet. 

39:08 - Rob Pizzola (Co-host)
You had to rush to bet it because you would go fill out the damn, the damn thing that would take you forever to fill out, slip it through and then, like the convenience store owner, would be like sorry didn't max max uh risk max liability reached yeah, that's because there was a bunch of sharp groups in ontario who would go around and pick off. 

39:27
Well, so like one of the big things every week is you would want to bet against the buffalo bills if you're in ontario, because at a regular sports book buffalo would be like let's just random example, but buffalo's minus seven in their game pro line is going to make them like minus nine and a half or minus 10, or because everybody in ontario bets on buffalo every week. So you bet against buffalo, but obviously sharp people are doing this, so you would get try to get down and you get the max liability reach type of thing. Very annoying but still an option. Single game is still an option over the counter right now. People are extremely confused by this because they've been playing parlays their entire life. They don't even know what somehow don't even know what a straight wager is. 

40:06
But yeah, it is just another betting option out there and people do like the convenience of cash. Sometimes I'm just on my way home from work or on my way to work or on lunch. Here's a toonie. We have toonies for the americans listening in canada, probably laughing, these canadians that have a two dollar coin. But yeah, you go, drop a toonie, get your parlay. You have to hold that ticket as well. 

40:28 - Johnny Capo (Co-host)
Yeah, rob likes to deal with those so he doesn't have to show his wife he's losing tickets well, sometimes you're already at the convenience store. 

40:36 - Jacob Gramegna (Guest)
It's actually true because, uh, because, because I first started betting with ProLine because I had a convenience store right outside my house at school. Some people are going to be at the convenience store anyway picking up cigarettes or picking up whatever, so you have a bit of extra change. You could throw it on a nice cheeky parlay at. 

40:51 - Rob Pizzola (Co-host)
ProLine On a nice 30% ROI parlay. 

40:55 - Jacob Gramegna (Guest)
Yes. 

40:55 - Rob Pizzola (Co-host)
The odds are actually absurd. Yes, I agree percent roi parlay? 

40:58 - Jacob Gramegna (Guest)
yes, it's. The odds are actually absurd, like they're, I agree, and at once I started actually looking online stuff. I was looking at the, the spreads I was betting on, like what were these? Well? 

41:04 - Rob Pizzola (Co-host)
listen like with with game, with um, online gaming becoming so popular here now and it's like it's going to blow up obviously over the course of the next six months. It'd be very easy to just go to proline's website because you can still fill out like a ticket online to see what your ticket will pay right before you go play it at the convenience store. You can very easily fill it out there and then go to one of the regulated sports books like any of them whether it's fan duel, draft kings points, bet, bet, rivers, whatever, there's gonna be tons of options. Put that same parlay in on that site and you will see how much more it actually pays on an actual sports book than it does on pro line. And that's like once. 

41:40 - Johnny Capo (Co-host)
Once people start to see that, I don't know how pro line is going to exist anymore yeah, I mean, unless they reduce the vig, get a better provider and start to market in the ways that are not the ones I was watching earlier today you guys talked about how the buffalo bills the line would move. 

41:57 - Josh Goodwin (Guest)
So much in ontario. So, like this is something that I thought I figured out a while ago, but I just want to ask for anyone else that might be wondering the same thing. So the way they establish a line is, of course, it begins at a certain point, but the goal, if I'm correct, of the sports book is to have an even amount of betters on each side of the bet. So, yes and no, okay. So how does it work? How does a live line move? So it's okay, this is? 

42:18 - Rob Pizzola (Co-host)
it's a good question. It depends on the book. Every single book has their own risk appetite. So there will be some books who are just trying to balance action. So they're literally going to books charge a VIG minus one, 10 on both sides. That's where the house edge is, because most people are are coin flippers. They're going to win 50% of their bets over time. Because most people are coin flippers, they're going to win 50% of their bets over time and the VIG is where the house edge is. 

42:41
Now. Some sports books are very risk averse and they're going to say, yeah, let's just balance action. So, regardless of what the outcome is, in this game we have pretty close to equal action on both sides. We're going to win no matter what. There are sports books, however, that have a much higher risk tolerance and they'll be willing to take a side. 

42:58
You often see sportsbooks whether they're offshore, regulated, doesn't matter who say we are cheering for this outcome today. So, as a sportsbook, when you're setting your line, you're mostly going to copy other market making sportsbooks lines, but you're also going to use your own internal profiles. Every time you make a bet with a sportsbook, you're providing that sports book with some information on what type of better you are. They know who wins in the long run, who loses in the long run. If they see all their winning bettors are betting the same side in a game, the sports book may choose to take that side in the sense that they won't move the line. They'll say say you know what Majority of our action is on this other outcome, but all of our sharper bettors like this outcome. We're going to root with our bettors. 

43:45 - Johnny Capo (Co-host)
So they might want to keep 100,000 on the good side and only have 40,000 on the other side. 

43:50 - Rob Pizzola (Co-host)
I was consulting for a major offshore sports book when Conor McGregor, Floyd Mayweather happened. Okay. 

43:58 - Jacob Gramegna (Guest)
Big betting event. Massive betting event. 

44:00 - Johnny Capo (Co-host)
Absolutely not a once-in-a-lifetime opportunity, but we're not going to get into this again. 

44:05 - Rob Pizzola (Co-host)
Definitely a once-in-a-lifetime, but to each their own. 

44:09 - Johnny Capo (Co-host)
You said Charles Leclerc was a once-in-a-lifetime last year and you say he withdrew. Yes. 

44:17 - Rob Pizzola (Co-host)
His gearbox failed on the formation lap, but that's a story for another day. Mayweather-mcgregor could not find people who wanted to bet on Floyd Mayweather in that fight. The sportsbook I was consulting for at that time had a massive liability on McGregor, meaning that if McGregor won, this sportsbook was going to lose huge, to the point where they were actually taking so many bets that they had to consult with their board of directors to say listen, we feel like we are. This is way mispriced, like Mayweather should be a way bigger favorite, but at this price people are still constantly betting mcgregor. What do you want us to do? Board of directors said just keep taking the bets and they they made a killing off that fight. So you will see instances like that where, honestly, that was probably the case for 90 of the sportsbooks on the planet, where they were all rooting for mayweather in unison, felt that they were actually not even hanging close to a fair price, but people were still betting mcgregor and I bet on conor mcgregor. 

45:23
I bet on floyd so did I I was at a wedding that night, sweating hard not even watching the fight, getting texts from my buddies for the first two rounds that are like oh man, mayweather's in trouble here. Like mcgregor's got to be live favorite. Whatever I turned my phone off, I'm like that's so much money. I was literally parlaying people with Floyd Mayweather for a month, like my picks with Floyd Mayweather for a month. Every single time I made a bet I parlayed it with Floyd Mayweather Going on. I had a massive amount. 

45:59 - Josh Goodwin (Guest)
It would have been a devastating loss for me. What was his line again? And that was closing minus 200. Yeah, it was only yeah what that's the scenario here. 

46:03 - Johnny Capo (Co-host)
That happened that's crazy. 

46:06 - Rob Pizzola (Co-host)
It's a what you would say. That's a once in a lifetime event, right? 

46:09 - Josh Goodwin (Guest)
I minus 200. It might be johnny. 

46:10 - Johnny Capo (Co-host)
That's crazy but you realize one thing about a once in a lifetime event. Right, if you say something's a once in a lifetime event, then that at any time it can get overtaken, there's like it's's a once in a lifetime event. Then that at any time it can get overtaken, there's like it's not a once in a life, it might be a five in a lifetime you might get five of those, a handful in a lifetime. 

46:25 - Rob Pizzola (Co-host)
Handful in a lifetime. Will there ever be a bigger edge in my lifetime than mayweather in that fight? I don't think there will be yeah, there will there already is. Uh, in terms of like how much you're right, I know what you're gonna get at and you're technically right, I I know, but also from a perspective okay, however many events there are, you could probably fit all those in one duffel bag. 

46:52 - Johnny Capo (Co-host)
That's how many events we have a duffel bag's worth of of you can't put it in your back pocket or your? 

46:57 - Rob Pizzola (Co-host)
no, I would not be able to fit it in my person, fanny pack, no, no, no, a duffel bags worth of of you can't put it in your back pocket or your? No, I would not be able to fit it in my person, fanny pack no no, no, a duffel bags worth anyways. 

47:03 - Johnny Capo (Co-host)
Um question here from uh producer zach, who uh lost his mic because we had to give it to jacob here, so sorry, zach, you just texted it in which is uh feel like apps will be important for new bettors. Do we know how many of these companies are releasing apps that? That's a great question, so we're going to open up a Q&A to you guys as well after this so for the actual app. 

47:25
Some companies were unable to get apps on, like the Google Play Store, which feeds all Android phones. 

47:30
Others were unable to get apps on the App Store due to some other you know, real money wagering requirements and things like that. 

47:39
So ultimately this is big for actual physical apps that are downloaded for from the app store, because now companies can actually submit those, if they're regulated and licensed, without a hassle and they can get it onto Android and Google play phones and then also on uh iPhones via the app store. So I would say, you know, not all of them are going to have apps just based on technological capabilities, like they're not going to have them ready right away, but for the most part, you'll see, all of them are going to have apps just based on technological capabilities. They're not going to have them ready right away, but for the most part, you'll see all of the apps now pop up where you'll be able to have a folder on your iPhone with your hopefully 20 sportsbooks that you use, hopefully, and a bet stamp at the forefront, and then you're just going to zip, bet stamp, compare odds, bang, link over, done, make money D-Gen style, I will say, d-gen style Big bomb bangers. 

48:22 - Rob Pizzola (Co-host)
We will be launching an extension of the Betstamp website, which will have sportsbook reviews, a lot of sportsbook reviews. Native apps are killer man, like when you get a sportsbook and there's about a handful of them that are going to have these native apps that are actually built for Android, iosos they're not just an extension of the website which are, like, really, really clean. Those are beautiful to use when they work properly, when they're fast. So I think there's going to be a competitive advantage for those sports books. 

48:51
Obviously, we're in canada. We all grew up using the score as our sports betting app. They have actual tie-ins with their actual enterprise app where you can bet straight from within there as well, which I think is a big competitive advantage. I think people will see that in the early going and it might offset the fact that they won't be launching with a website. So there's going to be like, all sorts of little nuances you're going to want to know for every sports book. That's why we are putting sports book reviews up, and we're also going to have a discord channel, which will be made available as well yeah, this is big. 

49:20 - Johnny Capo (Co-host)
This is huge. I'm telling everyone here right now we're going to plug it once is if you want to make money on sports betting within ontario and by no means is this a guarantee you're going to make money, but it's pretty damn close with all the bonuses and stuff this is a once in a lifetime event for real this is not going to get the first week of regulation in Ontario ever again. 

49:39
Yeah, and it's not even first week. I would say you have about a three month window right now where all the books start to pop up with new bonuses and stuff like this. So now, if you are looking to get into sports betting in any capacity, if you're someone who has one sports book, if you just have a bet365 account sportsbook, if you just have a bet365 account, if you're only betting right now through your buddy from high school, from seven years ago, on the pph account, now is the time to start learning because you have so much free money and bonuses. I've said it before I'm very, very confident. 

50:09
I can take somebody um, I could take a rookie better, anyone right now a rookie better and with the right amount of training and the know-how and a decent size starting bankroll by decent size I mean potentially like in the range of 10 to 20 000 starting bankroll I think within the first year of sports betting, you can make six figures. 

50:30
You can make a hundred thousand dollars this year with all the bonuses, no questions asked again, not guaranteed money but you can make a hundred thousand. I think I can take anyone in the world and make them a hundred thousand in the first year. Secondly, if you don't have a $10,000 starting bankroll and you have a $200 starting bankroll or a $500 starting bankroll, this is your prime chance now, with all these bonuses and promos, to build that up from 500 to 5,000 to 10,000 within the first year and really start to learn and scale up. So I really think it's a massive opportunity within Ontario right now. If you were, for whatever reason, serious about it, join our Discord. We're going to be giving out so much info. Everyone's making money. 

51:11 - Rob Pizzola (Co-host)
And honestly, just to add to that, for anyone who thinks that's a sales pitch or it's BS, go listen to two episodes ago of Circles Off, where we had Telemachus model on who is US-based in Virginia who had legal sports books come to his state literally in the span of two years turned a 25K bankroll no 5K, 5k bankroll 2,500. 

51:35 - Josh Goodwin (Guest)
Something absurd 2,500. 

51:36 - Rob Pizzola (Co-host)
$2,500 bankroll into 250,000. Now, obviously that entails some hard work and a lot of stuff, and I'm not saying every single person who has a 2,500 bankroll is going to be able to do that, but you could take away a lot from that interview. On top of it, he talks about how he just used the signup bonuses to his advantage. He used free play bets to his advantage. He used odds bonuses to his advantage. He used free play bets to his advantage. He used odds boost to his advantage. So listen to that. You'll gain a lot of meaningful insights. And he is an example of someone who went from a pure, through and through recreational better to what we call semi-pro now, who is making a very good living off of that as well, rob, there's six sportsbooks in the state that he's from. 

52:22 - Johnny Capo (Co-host)
I'm not sure Did we mention what state he's from Virginia? You mentioned from Virginia. There's six active sportsbooks in Virginia. Within Ontario, we may see, within the first six months, upwards of 55 to 60 sportsbooks. If he that, if Telemachus in ontario instead of virginia, that 250k bankroll would be a million right now, no doubt in my mind, based on the number of votes. Therefore, what I'm saying is join the discord. I will be in there daily. Rob will be in there daily. We will have a few other members of bet stamp who are super into sports betting and active and actually grinding out and trying to make money betting sports, helping other people giving out um plays on what's going to be good, helping people evaluate bonuses, odds boost, things like that. 

53:08 - Rob Pizzola (Co-host)
We are going to make sure as a community, we are all hitting big bomb bangers, big bomb bangers, anything that we haven't touched on, that you guys are curious about yeah, so I've been talking about how I use betway. 

53:23 - Jacob Gramegna (Guest)
I use bet 365 today. What can I expect to change with those places? Because I've been betting, I've had no issues withdrawing money, no issues depositing, until actually last month or so. I've had issues with rbc, but your bank, your bank, not the sports book itself. Right right, no problem with a sports book. What can I expect to change in terms of, like you're talking about these big changes? What should I expect? 

53:48 - Johnny Capo (Co-host)
So within those particular sports books, which is really only a small handful, there will not be many major changes within those particular books. One thing that did change already is that you saw slight changes in, like the payment processing and payment methods. So bet365 was notoriously hard to get money in and out of because a lot of the payment processors would block the transactions. You'd have to use a third-party processor. They recently, over the last month and a half, added the interact e-transfer method, which is what I use today. 

54:15 - Jacob Gramegna (Guest)
I use that today, so prior to that, were you able to deposit into 365 or you didn't have. Today was the first day I deposited 365 with with betway. I could always deposit with my bank, but I had to withdraw with an e-transfer there you go. 

54:27 - Johnny Capo (Co-host)
So, um, I think the main change is going to be the payment methods and the ease of withdraw, the verification process and, obviously, if you do have any issues with the book now, you do have a governing entity to go to. So that's the main change right there. But in terms of the product gameplay, those apps, those companies are established, they're they're majority going to be the same I will point out. 

54:44 - Rob Pizzola (Co-host)
There is one other thing as well, which I think is, if you are currently betting on a on a gray market site that is going to be regulated in ontario, they are required by law to settle all of the bets in their system by midnight of April 3rd and start fresh on April 4th. Now, every sports book is handling this differently, so you're going to have to consult with the customer support at your specific sports book to just ask them how it's being handled. Some sports books will cancel or void your future bets. Some will void them and issue you a bonus on April 4th. Some will void them and if you reach back out to them post April 4th, you can re-bet them. There's gonna be a variety of ways that these are handled. In some cases like if you have a future at a sports book that's gonna get voided on that night and that sports book offers early cash out, you're gonna wanna take the early cash out. 

55:42 - Johnny Capo (Co-host)
It's a no-brainer massive edges to be had potentially in other things as well. Like you know, you can almost free roll book for four days, right? So if you're looking at a free like something like a lakers, will the lakers make miss the playoffs? If you can still bet that right now, they're out of the playoffs, right. 

55:51
So yeah you can you can bet right now, still at a dog price, lakers, missed playoffs and um, with the expectation that that will be voided on april 4. So you basically have a three game free roll right now where, if the lakers win those three games now, they're in a position where they should be making the playoffs and now you can message them, get that feature back. So, again, a lot of different stuff here. These are huge edges where you can, you can. You can maybe potentially see a nice free roll in in stuff like that, and you know I'll be looking out for it and I'll be, uh, reading the terms of service. But also, these are the things that you're going to get by joining the bed stamp discord channel free money given out and, even more than that, an amazing advice and fun to be had lots of wisdom in there, and I had one more question for you guys a dfs gaming. 

56:35 - Josh Goodwin (Guest)
That's something I didn't know a whole lot about and apparently it's leaving ontario yes, so daily fantasy sports a lot of people actually, is this official, by the way? 

56:44 - Johnny Capo (Co-host)
can we talk about this? 

56:45 - Rob Pizzola (Co-host)
right now. Fanduel has confirmed. I've already received an email directly from fanduel's website with their intentions to leave market draft kings. I have not received a formal issuance from them, but it is expected that they are going to follow suit with fan okay so we'll leave it at FanDuel right now, and with the expectation that this is potentially going to impact DraftKings as well. 

57:03
It does suck. So personally, I am a DFS player. I love it, especially during NFL season. This is daily fantasy sports, just the idea of. I'm not in any season-long leagues, I like to play it on a weekly basis. 

57:16
They will no longer be able to offer paid contests to Ontario residents. So part of the reason why is because of Canadian law that does not allow for liquidity pools cross province. So basically, if they were going to offer DFS contests to bettors in Ontario or players in Ontario, they would only be able to offer that paid contest within Ontario itself. They cannot share liquidity across borders. Because of that, they're making a decision to pull out of the market. This could change at some point in the future. Canadian law could change, for example, enough people provide an uproar here or cause an uproar and say like, hey, why can the US do it? Which US is allowed Liquidity pools across, at least for DFS purposes. Then we might see some changes happen. So I don't think this is over and done with yet, but for now, those who are on DraftKings and FanDuel you will be able to win FanDuel for sure, draftkings very likely. 

58:12 - Johnny Capo (Co-host)
I'll preface, or just clear no, we said we put the disclaimer at the at the beginning of the show. Now we can say whatever. 

58:18 - Rob Pizzola (Co-host)
Yeah, so you'll be able to withdraw your money. You will not be able to transfer it to the sports book. Oh really, you will have to redeposit Interesting. Okay, that's specific from FanDuel's customer service, which I've dealt with. Now I can pull my money out of FanDuel, I can redeposit it into the sports book, but I will not be able to directly transfer it. So it's got to be independent. But that's actually a really good question because that will affect a lot of people and I will fight for DFS to be back in Ontario at some point. 

58:47 - Johnny Capo (Co-host)
You just want to lose extra money 100%. 

58:49 - Rob Pizzola (Co-host)
I am not a winning DFS player anymore. At one time I did play for a living, before I became a professional sports. Better I became a professional sports, better I was a. 

59:00 - Johnny Capo (Co-host)
DFS player Edge dried up real quick. What was that? What was that tweet that you put out? 

59:03 - Rob Pizzola (Co-host)
I was laughing hard. So FanDuel? There was an article that was alluding to FanDuel leaving the market, and I don't remember the exact tweet, but it was something along the lines of oh, it was a good one, well, just I'll plug my twitter. Follow me on twitter at rob pazola search my fan dual tweet. I thought it was pretty funny and clever in real time let me see what he put it. 

59:22 - Johnny Capo (Co-host)
It was actually pretty funny. Okay, so it was a tweet, said fan dual to stop offering daily fantasy sports contests in ontario. And then rob, quote tweeted and said could have just titled this rob pazola, to stop losing money on dfs in ont Darius. Yeah it is fun, though I will miss that At the end of Rob's Periscope he always says this All right, it's, uh, he's like he goes, okay, all right, it's just past noon Time for me to throw a couple of DFS darts. 

59:52 - Rob Pizzola (Co-host)
Um which, by the way, I do preach betting early, which is important for DFS, dfs, it doesn't matter. So just to clarify out there everyone anyone who might say oh, rob's always telling me not to wait till the last minute to bet, dfs is very different from betting. Don't wait till the last minute to bet. It's a very bad idea. Bet early. Um, any other things that we want to go over here? I'm just thinking. 

01:00:14 - Jacob Gramegna (Guest)
I have a question. So you were talking a lot about bonuses and how bonuses are going to be a big part of how you can make money in the next few months as regulations imposed. How do you feel about so? I've typically, with my free bets, gone with a little bit more ambitious bets because it's a free bet. How do you guys feel about that? What's the best strategy with those free bets? 

01:00:35 - Johnny Capo (Co-host)
For sure, okay. So before we get into that question, then, jacob, we'll talk about the bonuses. That's massive. That's first, and foremost for anyone listening. 

01:00:41
Okay, so why we're saying you can make so much money right now in ontario from sports betting is because all of these sports books are in a competitive zone where there's so many of them, right? So if there's, let's say, you know, you know, compare it with anything else. If there's two retailers, there's two gas stations, um, you know, the prices might not be as competitive. If there's 25 gas stations, then this guy's gonna have a loyalty program, this one has this, this one's leading you in with this, and so on and so forth. So within the sportsbook community right now, some states for example oregon, only has one single operator. They can offer whatever pricing they want. There's the montanatery, which offers pricing minus 42 aside for straight bets. They can offer whatever they want, because there's no other operator Within Canada, within Ontario right now. If bet 365 says tomorrow we're minus 15, minus 15 for hockey betting, now If you want to bet the Leafs, it's now minus 15 aside instead of minus 10, which is higher commission that they're taking. Another operator will say, okay, well, we're still minus 10, come bet it here. Someone else like well, we're minus 109. And someone else might be minus 105. And someone else is going to say oh, we've got this as a special promo today, so come bet it here. More competition equals better opportunities for the better. 

01:01:51
So these bonuses, usually within the offshore space, you know you look at getting a signup bonus and the rough expected value usually equates around $200 in bonus. You might deposit 200, get 200 free, or you might deposit 500, get a $500 free play with an expected value of 250 or 200 within the current regulated market within Canada. Based on some of the offers we're seeing in Privy 2 right now, it looks like the expected value on the bonuses is going to be well north of 300 per bonus, right, if you max it out and use it correctly. So what that means is, you know, just do the math real quick right now. Just sign up bonuses. If there's 50 different sports books and you can make 300 a book, that's already a very, very nice starting point. 

01:02:35
On top of that, that, where it really comes in is the actual like loyalty slash, customer engagement portion of it where, like, you're gonna just open your account one day or get an email saying like, okay, bet on the leafs tonight, get a 50 free bet if you bet on the leafs tonight. Or, you know, do this and get this. Um, you will have to opt into those within the ontario law right now, which I would recommend you guys do opt into all sports book promotions. Sometimes it is a little annoying to get spam emails, but, um, you know, spam email to me is something that's trying to make me spend money. Um, not something that's saying like hey, bet on the Leafs tonight and, um, if they lose, then you get your 50 credited back tomorrow. 

01:03:13 - Rob Pizzola (Co-host)
I wouldn't view it as a spam meal, spam email some. Some cases, yes, but more often than not it's an opportunity. 

01:03:19 - Johnny Capo (Co-host)
Absolutely so. Within those signup bonuses, as Jacob mentioned, first and foremost, you need to read the terms. So you are going like again we will help you calculate everything to do with this within the BetStamp Discord. So join there as well. It's Discord for those that don't know. It's like a social app. Discord for those who don't know. It's like a social app. You can chat. 

01:03:37 - Rob Pizzola (Co-host)
There's different channels, make a username and we're going to tweet it from our Betstamp account as well. 

01:03:41 - Johnny Capo (Co-host)
We will tweet it from our Betstamp account and you can find it there. Basically, join it. If you don't want to join under your real name, you want to be secure, make an alias. Make it 121279. 

01:03:51 - Rob Pizzola (Co-host)
Jabroni69. 

01:03:53 - Johnny Capo (Co-host)
Whatever you want that's actually my account, so join under whatever discord name you want doesn't matter. We're not going to ever ask you for money. We're it's not a. It's a free discord. We're helping you. We're helping people make money and what we are full transparency. We're trying to get you guys to use bet stamp and grow our product. There's no, we're not asking for money. It's free to be in there. It's never going to be a paid discord stuff like that. But when you go in there, we'll teach you how to evaluate some of these things. But one of the main things is when they give you a bonus, there's terms and conditions attached, so we'll show you how to read those. 

01:04:23
Some sports books will pay back the bonus amount in what's called a free bet, which jacob is asked about. So what a free bet is or a risk-free bet, or a can't lose bet or whatever like each book calls it. A certain thing is essentially this If you bet, you get that credit. So you'll have a $200 free bet in your account. You bet it on something. If it loses, the free bet goes away and no balance has been deducted from your account. If it wins, it's going to pay back the net win amount amount, but not the risk amount, because it was a zero risk. 

01:04:59
So essentially, if you're logging that bet in bet stamp or in some sort of tracker, what you would risk is zero. What you would win is 250, assuming you bet on a plus 100, even money, um underdog. So if that's the case, what jacobs asks is should you take shots on your free bets? And the answer is absolutely yes, best expected value on the free bet. Because of the fact that you only receive the risk amount as a zero, you don't actually get that back, so all you receive is the win amount. You never want to be betting a high minus. You never want to be taking a minus a thousand. You'd much rather take a plus a thousand to get paid away more. 

01:05:36 - Rob Pizzola (Co-host)
Funny enough, sorry to cut you off. Funny enough, sorry to cut you off. Funny enough. I think we've talked about it on this show before the sports book will actually restrict you sometimes from taking a big minus, which actually makes no sense. 

01:05:47
They would rather you do that. Sorry to cut you off in it, but anyone who sees that they might say, oh, the sports book doesn't want me to take a big favorite, these guys don't know what they're talking about, doesn't want me to take a big favorite. These guys don't know what they're talking about. I can assure you we know what we're talking about. From an expected value point of view, you do not want to put that 250 on like a minus 500 and it wins and you only get 50 bucks in your account when you could put that 250 on a bigger parlay, a long shot, something where you score big. The expected value in the long run is way better on that. 

01:06:15 - Johnny Capo (Co-host)
I'm'm gonna calc in an excel right now and walk you guys through it, because it seems like you're a little confused on the math and we can have zach pull up the graphic. How's that sound? 

01:06:22
sounds good, decent idea, all right. So for simplicity, we're gonna say you have a thousand dollar free bet, okay, just so it's. You know what? Let's make it 100, so you have a hundred dollar free bet in your account right now. Okay, so now we're gonna do two. We're going to do the example of a minus 1,000, and then we're going to do the example of betting on a plus 1,000. Fair enough, okay. So for the simplicity of this, what do you want the plus 1,000 to be? Give me a bet. 

01:06:48 - Josh Goodwin (Guest)
Plus 1,000. Raptors to win the chip. 

01:06:50 - Johnny Capo (Co-host)
That's going to be more than plus 1,000, brother. 

01:06:52 - Rob Pizzola (Co-host)
Raptors to win. Yeah, not even the East will be Okay so you got the Raptors Also. 

01:07:00 - Johnny Capo (Co-host)
you probably won't be able to bet this on futures bets Again. 

01:07:03 - Josh Goodwin (Guest)
it'll all be in the terms Bad example, bad example. 

01:07:04 - Johnny Capo (Co-host)
So let's say plus 1,000. Let's say it's a three-team parlay for tonight, okay, yeah. So you have a three-team parlay for tonight at plus 1,000,. Okay, raptors, leafs, jays. Okay. So you have two scenarios here. Number one is that parlay loses and you're at zero. Okay, so now your net is zero. Number two is that parlay wins and you net out 100 plus 1,000, which is $1,000 net. Okay, so you get in that $1,000. If you win it, zero. If you lose, okay. Next scenario, you're gonna risk a hundred as well, but this time it's on a minus a thousand. So now, if you win that bet, you're gonna win 10. 

01:07:44
This might be betting a huge favorite in the nfl you bet on, uh whatever better than the fourth quarter, when they're up by 20 you won't be able to do it on a live bet, but let's say you bet on the biggest favorite, green bay versus jacksonville, with Devante Adams still on Green Bay, whatever you want to call it. 

01:08:02 - Rob Pizzola (Co-host)
You probably find something on an MMA card that week. 

01:08:05 - Johnny Capo (Co-host)
Yeah, potentially minus thousand, something like that. So now you have $100 and you have 10 if you win. So if you lose the bet, you end up with zero, as always. If you win the bet, you end up with 10. Okay. So here is the key in terms of actually figuring this out is you need to factor in what the percentage is of winning each of those bets. Now you could do it with the hold, but I will do it just without for right now. So sorry, with the whole for right now. 

01:08:28
So minus a thousand is an implied win probability of 90.91. It should be 90.91. Yeah, okay. And then plus a thousand is going to be 9.09. No, vague, okay. So when I put those in to my sheet here. So you have 90.09% and then you have nine point, sorry here, 9.09. Zach, you're pulling this graphic up, I hope after for anyone watch on youtube, all right. So basically, here's what you got. Now you have a 90 chance at winning. Uh, ten dollars, okay. So you do ten dollars. Ninety percent chance expected value just call it nine dollars for simplicity. Okay, so if you bet it on the minus 1000, your expected value is a 90% chance to win 10 bucks, which is $9. If you bet it on the plus a thousand, you only you're going to win a thousand. If you win, okay, but your chances of winning is only 9%, okay. So instead of being $9 and being nine 90% of of ten dollars, you're now nine percent of a thousand dollars, which is ninety dollars. 

01:09:42 - Rob Pizzola (Co-host)
Your expected value is ninety dollars. 

01:09:43 - Johnny Capo (Co-host)
So just by betting on a plus a thousand versus a minus a thousand, your expected value on that bet is ninety dollars instead of nine dollars ten times yeah, framing it that way makes it a whole lot more logical it's a probability thing, right it's not just straight probability, and the reason why for those who are listening and are like well, how is it like that? 

01:10:02
it's because you don't get the risk amount back. If you were risking an amount, if this was just a regular bet, these would add up to the exact same, assuming no vig, because what's what happens in a regular bet is you are likely to get your hundred back. So if you get your $100 back plus the 10, then now you're at 110 net times the 90% and in this scenario you're at 100 times. That. It ends up being the same, but since you don't get the 100 back in risk amount because it's just sitting in your account it's a free bet it takes us to zero. You are now going to end up getting 10X the expected value by doing something over something else. This applies to everything plus 250 versus a minus 100. Zach producer zach sent me a couple screenshots after I explained this to him. 

01:10:46
He has been he is the free bet king right now. What did you hit? I know you don't have a mic, but uh, I had saint peter's plus 650. The night before I had golden state plus 500, golden state plus 500 st peter's plus 650 money line. So there you go, like he's. He's just betting him on the biggest dogs and arkansas, arkansas as well so by betting those where you're not even really like. 

01:11:13
It. Doesn't take a genius to go and just bet the biggest on the board. But if you actually calculate it and again, like I just showed you how to calculate it real quick we can go do the math, we'll put it on screen. If you're on YouTube, we can clip this as well. But realistically, these are things you're going to learn in the Discord from us as well, from other members of the team that are going to bring you, like that one bet, that one specific bet nine for no reason from a hundred dollar free play. Right, that expected value is insanity. To be able to actually just shift it that much, because we're not talking about giving a hundred dollar free play replays that with these bonuses, some books are given thousand. So if you're getting a thousand dollar free play now, your actual difference is hundreds of dollars that you were wasting by just using suboptimal strategy. 

01:11:56 - Rob Pizzola (Co-host)
Correct. So even on that $100 free play, where your EV is $90,. Now imagine you're opening an account at 20, 30 sportsbooks. You're just multiplying that expected value across every single one of those sportsbooks and that's what you would expect to earn off of all those free bets combined. So there are huge advantages to taking advantage of the free bet in that way. It is the proper way to do it, just from a pure math perspective. Obviously there's some luck involved. There might be people out there who bet a bunch of underdogs and they all lose. That doesn't mean you did anything wrong. There might be people out there, like Zach, who bet on every underdog and they just win on every account. I mean no offense, zach, but obviously you would know that that's lucky as well. But that's the reality of how you should approach it. 

01:12:39
The only one thing I will say which is very, very important for people in Ontario to note, because it's very different from the US the US you will see these promotions advertised everywhere. You're watching a football game on TV, a basketball game, the exact details of the promotion are advertised right there. Ontario law prohibits the sports book from doing that, so it's not that the sports books are not offering that to you in Ontario. They are offering that to you If you go to BetStamp and you click through to every single sports book from there. 

01:13:16
We have a lot of exclusive offers with sports books that you will get just for being a BetStamp member. But you can compare every single site just by clicking every single one of those. They can't advertise it to you on your TV or on a billboard on the highway or whatever, and we can't do it either. But if you do do that, you will see all the promos. So you're going to have to do a little bit extra work than an american would have to do to do this stuff. But they do exist. So don't like worry that these are not being offered in ontario because you're not seeing them marketed to you. The sportsbook legally cannot market it to you yes, and nor can anyone online. 

01:13:50 - Johnny Capo (Co-host)
So you won't see a commercial or anything like that that advertises like go to draft kings and get $500 free bets at there, but what you will see, obviously, is that on the actual site. So, realistically, we're going to be ranking, we're going to be evaluating all these things and showing everyone what to do and kind of how to make these things do it. These are things that also, like, you know when new stuff might pop up, that's good. You know, if you're in the Discord, you know someone might end up shooting you a like that's good. You know, if you're in the Discord, you know someone might end up shooting you a like shooting a notification or something like that. Like, there's going to be a group, a community right now. So we haven't launched it yet. It'll be launching on Saturday, but this is going to be an amazing community of people who are all in Ontario. We're going to all be looking to crush the bookies, as they say. 

01:14:40
Anyways, last thing on there for the bonuses front is a lot of these bonuses come with a rollover, which, what a rollover is, is the sports book? They're not. They're not dumb, right, so they're not going to let you deposit in, make a thousand bucks, withdraw it, take your thousand in pocket and leave whatever. That's not the purpose of the promo and nor should it be. The purpose of the promo is to have you try out that sports book and see if that's the one for you. You know we're all betting, we all want to make sure that we've got a sports book that's going to do it. So they put what's called a rollover on any bonus requirements, meaning if you've deposited and taken a thousand dollar bonus from us, you've got to roll that over five times or whatever it might be, three times, 10 times, over five times or whatever it might be three times, ten times, eight times, depending on the bonus. You've got to bet that amount minimum three times before you can take your money out with that bonus. You can always take your money out, but you will have to forfeit that bonus amount that you got. So obviously you don't want to forfeit it. You want to get the bonus and then you might have to bet three more times. So you might you have to bet a cumulative extra thousand or extra three thousand, depending on that. So that's kind of what a rollover is, but in terms of how to use it, we're also going to be talking a lot of strategy in the discord as well as, um, you know right now, I guess, on how to roll that over. 

01:15:47
So rob mentioned oh what if you're just betting all dogs and you lose all your money? Like tough could happen. But what you could also do is, uh, you know, try to take advantage of these bonuses by doing other things and, you know, maybe making sure that you're locking in some profits, hitting some rollovers, making sure you're picking off really good numbers across the board. Um, now the bonuses as I mentioned, what they are intended to do is have you try out that sports book. In no scenario should you be like bonus hunting and abusing these bonuses at the sports book is not what I would recommend doing. 

01:16:18
For me personally, if there's going to be 50 sports books in Ontario, what I want to do is it's kind of unrealistic, unless you're going to be at it every single day, to actually manage, keep balances in 50 different sports books deposits, withdraw, verifications. It's tough and, realistically, I know nobody is going to use 50 different sports books at once for the recreational better. But that being said, there's no reason you can't try out all 50. Get the bonuses at each and play through them and give the sports books some action and then when you're done, and you know you don't like that book anymore, either withdraw might lose your money in one book, might make double in another book, withdraw your money and then you know, keep it down to a range of, like you know, four to five sports books that you use on a daily basis, add those to your rotation, link them with bet stamp and then now you're, you've experienced sports betting for what it should be. 

01:17:07
You've built up your bankroll to the point now where you can be betting a little bit more, have more fun, or betting uh, you know, I wouldn't say larger amounts, I meant more in terms of a sense of like you can be betting more often, things like that. But in order to do that you really have to like, try all the sports books to see. And then you might end up saying bet 365 is amazing for live betting but it's not really good for this prop or this bet has the best futures and they always have the golf tournament futures up on the Monday right when I want to bet them. So I this is in my rotation now Another book might have every time I want to bet on the Leafs. There's a promo on this book, so I'm keeping this one. You know what I mean. And if you keep four or five in your rotation, that's the way to master sports betting as a recreational better. 

01:17:47 - Rob Pizzola (Co-host)
Best way. That's the really well put, because obviously people are always going to come to me and say what sports books should I bet at? I always follow that up with like 15 questions for them, right? Because it's not the same for everyone. At the end of the day, what's important to me might not be important to you, josh, or to you, jacob, or to Johnny as well. There's just different factors. 

01:18:08
I bet at some smaller sites which some people would never even consider betting at, but I like the speed at which they get their NHL lines posted, for example. I like the fact that, potentially, that they have a mobile app. That is nice. Like there's some sites that don't have a desktop application. You can't go to their website. There's some that don't have a mobile app. Well, okay, if I'm at a computer all day long and I'm at work and I place all my bets on desktop, then why would I ever use a site or want to use a site where the desktop version is crappy, right, and vice versa. If I'm always on the run and I'm placing bets on my phone, if I'm a truck driver or whatever, then why am I going to want to download or use the app with the best desktop experience. I want to use a good mobile app. So to each their own. I do agree with Johnny. 

01:18:54
You might hear something bad about one book which would deter you from depositing into it. This has happened to probably all of us before, where somebody says, oh you know this, this book is garbage or whatever, and then you go bet at it and you're like, actually you know what? I'm making a ton of money here. I think it's great. You kind of have to just experience that yourself. I mean, that's that's the reality of things. You can read, read sportsbook reviews. We can recommend stuff for sure. Um, there are obviously going to be some best in breed sportsbooks which are just great experiences for pretty much everybody. 

01:19:26 - Johnny Capo (Co-host)
But without experiencing it yourself, you'll never know a couple years ago I was wanted to sign up for one of the gray area sportsbooks here and uh, buddy of mine told me, no, don't sign up there. It's literally the worst book I've ever played with. I hate that book. Like not worth it. Ended up signing up and like still use it to this day and love that book. And when I went back and asked him a couple months later I was like why do you hate this book? Like why do you hate this book? It's actually so good. 

01:19:52
He's like, oh, they don't even live bet. Like I don't do much live betting, so like I didn't care about that, right? So it really is a matter of like, personal preference, in a sense of what sports books you're going to use and everybody like it's so crazy because, like you're going to, obviously most people bet the same stuff as their buddies and you'll go around and share info and be on the same side, sweat the bets together and stuff like that. But that is a prime example of like what if you just don't live bet, then are you just going to write that site off? They might have the best odds for something Amazing promos, clean interface but they don't have live betting. Maybe a site had one specific site always has odds for curling and you bet curling. You need that site. You know what I mean. That's your, that's gotta be in your rotation. 

01:20:33 - Rob Pizzola (Co-host)
There's all sorts of things like I'll throw out the name of an operator, but Cosumo, cosumo for me. This is my personal opinion. I don't like the interface because I'm used to a very traditional sports book layout. You know I've used Bet365 growing up, sports Interaction. You know all those sites. I still continue to use them now. Cosumo is very different. It's very gamified, right, it looks different. One of my best friends who's like video gamer and whatever and plays a lot of mobile games Cosumo is his favorite book Like. He's like I can't believe you don't like this. So it's like to each their own right. Every mobile, every mobile experience, desktop experience is going to speak differently to different people. It's just not for me, it's for other people. So that's just one example because it's and I only use Cosumo as an example because it's a non-traditional layout, so it's people will know what I'm talking about if they hit the site. But yeah, that's. I think that's just good advice. 

01:21:28 - Johnny Capo (Co-host)
Figure out what works best for you and don't try to kind of fit in the mold of somebody saying oh, you have to bet at this sports book or whatever, if it doesn't fit what you want to do as a better then don't bet there and find a better site or a site more suited to you. 

01:21:45 - Rob Pizzola (Co-host)
Exactly what else we got any other questions, I think? I think we pretty much covered everything. 

01:21:47 - Johnny Capo (Co-host)
I think this was pretty loaded, covered the bonuses, you covered the rollovers, we covered the types of betting within ontario. 

01:21:52 - Rob Pizzola (Co-host)
Don't even have to worry about deposit and withdrawal, because you'll have every option available to you as a canadian that you would need to deposit and with like, even if you're looking personally for the rec. 

01:22:01 - Johnny Capo (Co-host)
Better, by the way, like e-transfer is the way to go because you don't have to give any of your personal info. So just a quick recap on how it works. There's payment processors that work within canada, two major ones, and basically. So you'll go to the sportsbook and you'll click deposit and you'll click interact e-transfer. They will populate a little screen that says OK, send an e-transfer from your bank to this email address and send this amount of money, which is whatever you choose to deposit, and put this little code in the message and then you do that. As soon as your e-transfer sends, that money gets credited into your betting account, just like that. 

01:22:43
You do not have to send in your personal info. They do not receive information about your bank, how much is in your bank? There's no credit card associated like. It's such an easy, simple method where it's essentially just a lower risk, quick method that everybody has. If you have a canadian bank, which you should, then you have in tracking transfers. So that would be my preferred method for anyone who's uh looking to deposit, and this is for if you're looking to deposit five bucks, 500 or 5,000, it's still going to work the best. 

01:23:06 - Rob Pizzola (Co-host)
The last thing I think is that's important to touch on and we definitely should here is responsible gaming. At the end of the day, there's a lot of money to be made in Ontario. There's these sports books that are coming from the US, especially, or even big UK books that are operating in Ontario. Whatever, wherever they may be, they have massive marketing budgets. They are looking to get your business. It can work in your advantage, but remember to bet within your limits. At the end of the day, yes, you want to take advantage of as much of this stuff as possible, but if you cannot afford to have $5,000 tied up in different sports books, then don't do it. At the end of the day, if you're sweating your bets to the point where it's uncomfortable, you have anxiety, you have way too much in play. You need to dial it back. 

01:23:55
Only bet what you can afford to lose, and we did an episode on bankroll management. You always start with what your bankroll is going to be for the purposes of betting, and this is an amount of money where, if everything went wrong and I lost this amount of money, it's not going to affect my wellbeing or my day-to-day. And that's the starting point for everyone. Figure out what your bankroll is. You're very unlikely to lose that entire bankroll with the amount of bonuses that you're going to be getting, with welcome bonuses, promotions, whatever and if you're spreading it around, very unlikely. With that said, it can happen. There is the possibility of busting for everyone. So bet within your limits, bet responsibly. If you're uncomfortable at any point you need to take a step back and if it ever becomes a problem, obviously seek help. Um, because problem gaming is a real thing and people do have addictive personalities. We all know some people that it might be gambling, it might be whatever, it doesn't matter. Just really want to preach that that responsibly yeah, for sports betting, bet responsibly. 

01:24:56 - Johnny Capo (Co-host)
It's a, it's um, also just a major issue. On casino as well, that I'd like to touch on is, like all of these operators, now that casino regulation has come in as well, we'll be offering online casinos, and online casino addiction is real and it it's very, very, very hard to stop once you like kind of get in the hole and you're just constantly betting more money and more money. And the difference between an online casino and an in-person casino is significant, because an in-person casino, if you're sitting at a roulette table, that roulette wheel is only going by maybe every three and a half, four minutes, five minutes. Even when you're at a online casino and you can table up and just zip, zip, zip, like you know, 10, that 10 grand can go in one second, whereas at a regular casino you might be a little more, um, in control. So, everyone, be very careful with the online casino stuff. 

01:25:42
I'm not saying that it's not fun to dunk five dollars on roulette and, you know, maybe play 50 bucks one night, like for sure, within reason, but, uh, you know, be careful for online casino. You're definitely going to want to set some like, uh, some limits that you can lose in one particular day, just so you're not tilting, if you do have that problem. If you are that person, make sure please, please, please, that you're not just dunking away money on online casino because it's so easy to lose so much so fast, given the quick turnaround With sports. You can bet whatever you want on the Maple Leafs. That game is lasting for three hours and you're watching that whole game and leaves. That game is lasting for three hours and you're watching that whole game and you're going to sweat up and down and stuff like that. So the max amount you're losing is over three hours with online casino and the amount of clicks should make sure everyone's very careful. 

01:26:23 - Rob Pizzola (Co-host)
Good point I hope everyone found this informative informative. It's a very exciting time for ontarians, for sure, and for those um provinces that haven't been regulated in canada yet or are going to see operators. It's coming in the near future, same with a various amount of states where we're seeing more regulation as well, so hopefully this gets some playback when other states and provinces start to legalize. Obviously, we talked about it a few times, but follow Betstamp on Twitter. We will tweet out the Discord channel for everyone in Ontario who wants to join. Obviously, we preach downloading Betstamp and using the app on a day-to-day basis. It is extremely helpful. Our producer, zach, in the span of I mean I think we hired Zach in November I would be very confident giving him my money to bet right now. 

01:27:08 - Johnny Capo (Co-host)
He's up 780 grand. No, I'm joking. 

01:27:11 - Rob Pizzola (Co-host)
I'm joking, but he's actually done fairly well and it's all actually verified on our platform as well. So I mean we can. I mean we've been turning around internal employees. You guys will be next, although you've come around too as well. 

01:27:24 - Johnny Capo (Co-host)
To be fair, Zach just keeps betting Austin Matthews to score a goal every game. 

01:27:26 - Josh Goodwin (Guest)
He literally does and he can't stop. It's a money machine. 

01:27:28 - Rob Pizzola (Co-host)
It is, I mean, but he's honestly. He finds the best price. He finds the best price all the time, so that's what matters. It's an exciting time, um, so please download bet stamp. And the last thing I mean if you did enjoy this youtube, hit the thumbs up. If you're listening on spotify or itunes as well, please like. And if you are using the bet stamp app, please rate and review it. We do value that feedback. We use a lot of it in our development roadmap and everything like that, but we hope that you are enjoying the app. This has been a monumental episode. Number five zero, episode 50 of circles off peace.