Betting on sports has never been reachable or high-stakes. But with the invasion of businesses in the sport, the pros are feeling getting banned from plying their trade and pumped. Is this the ending of this sports bettor?
I am not a bookmaker,” Gadoon Kyrollos tells me as we stroll throughout the Hard Rock Casino in Atlantic City, playing with penny slot machines. “I am a sports bettor.” Kyrollos is one of the highest-rolling sports bettors in the United States. He bets millions of dollars every year into the Nathan’s Hot Dog Eating Contest, from NFL games on sporting occasions. He’s known throughout the world by the title Spanky, also in sweatpants his hoodie, and backpack, he very much resembles a variant of the Rascal. His back pack is not currently carrying snacks and school books. It’s full of bricks of cash.
“Bookmakers hang a number,” he explains, as he pantomimes holding a gun sight up to his eye and pulling the trigger. “And I snipe’em”
Despite the bag filled with money, the penny slot machine transfixs Spanky, pumping one bill into it after the following. On his cellphone he consults a spreadsheet that tells him how to play with this particular machine so that it is”and EV,” or positive expected value, meaning the player has an advantage over the system with time. “Here is some true insider shit I am showing you right here,” he tells me, referring to his spreadsheet, which has formulas for heaps of different slot machines plugged in to it. “I mean, it’s probably a border of, like, $12, but in case you’re walking down the road and saw $12, you would bend down and pick this up, right?”
It is important to Spanky I know the difference between bookmaking and gambling, because a lot of folks don’t understand or appreciate the differentiation, such as the Queens district attorney, that charged Spanky with bookmaking in 2012, a fee he says originated from a widespread harassment of this business.
Read more: sportsnewsking.com