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Against the Rules · December 17, 2024 · 30m

Vegas Sports Bookies on Old-School Betting

Michael Lewis sits down with three veteran Las Vegas bookies—Chris Andrews, Jimmy Vaccaro, and Vinny Magliulo—to explore the old-school world of sports betting. They share personal stories from their early days in Vegas, trace the evolution of the prop bet, and argue against the common practice of limiting smart bettors, which they see as detrimental to the business.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Highlights

The origins of the prop bet
They trace the invention and evolution of proposition betting, from quirky wagers to a massive industry.
Why limiting smart bets is bad for business
The bookies argue that refusing action from winning bettors undermines the sportsbook's long-term health.

Editorial

How they got started in Vegas
The bookies recount their individual pathways into the sports betting business in Las Vegas.
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