Matt Laroo
1.2K posts
Matt Laroo
@Matty_Laroo
Formerly @DKSportsbook MLB Sport Owner - Sportsbook Operations All opinions are my own.
Boston, MA Katılım Mayıs 2013
105 Takip Edilen415 Takipçiler
@stoolpresidente Been a McDonough stan since the channel 38 WSBK Red Sox days. The best
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What a period for Buffalo. Even better period for Sean McDonough. I’ve said it before but I’ll say it again. I’m not sure there is a better announcer on the planet than McDonough. It doesn’t matter the sport either. He is great at everything.
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I genuinely don't see a world where the $BTC 2026 high is any lower than $140K
AP 📈@Trader_Pow
Wait you are bearish on $BTC here? 🤣
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This could be - at least partially - due to an adjustment in what analysts see as the TAM in currently non-legal OAB states. Growth multiples have some expectations around what states will open up down the road and instead of the usual playing field of signing up new bettors + converting offshore/paperhead dollars, OSBs will now also have to contend with established, legal prediction market offerings in those states
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if you look at volumes and earnings for sports betting apps like draftkings, they don’t seem materially affected by prediction markets
but revenue multiples / valuations have compressed significantly
actual usage metrics vs perception are divorced, wonder if/when that’ll shift
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this morning i bought two more mac minis and spent three hours in the lab building a new agent.
it has one job: to stop me from engaging with these @mattkalish threads.
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For sure. Look, no doubt that a regulated book taking on the risk in order to maintain those long odds for the average customer is def a better experience.
I’m just saying that it’s still handle, which if offered the same way (“no” sides with low/no vig), books would juice their handle too. The argument is whether this handle is the same quality as regulated books (in terms of margin and customers - which I’d say it isn’t)
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@Matty_Laroo @oaktoebark @BenHorney @FOS Consumers don’t bet into 1/100 odds. They want to win 100-1.
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DraftKings cofounder (who stepped down and has a new biz, Hardscope) goes off on Kalshi.
Fascinating thread. He says…
- Kalshi 2-3 years of development away
- product not there yet & very niche
- Kalshi spending too much to acquire customers “checks their ass can’t cash”
Matt Kalish@mattkalish
Idk what people are smoking, there’s not a single exchange product experience for normal people that is remotely close to the delivering the caliber of experience that regulated sportsbooks do. They are 2-3 years of development away (before regulatory touches the product at all)
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You’re leaving out the fact that for the $0.02 wager to occur, another paying customer had to effectively bet $0.98 on the “no”. In the rare scenario where we would offer both sides of a market at DK, we would have absolutely recognized the full $1 of handle if someone bet $0.02 on yes and $0.98 on no (in fact, more than $1 because our prices would have been more like $0.025 and $0.985).
I’m with you on the UI/UX critiques, but not on this
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My brother Kalshi defines their volume as “amount real customers bet”
Plus
“Amount you win if you win the bet”
By same definition DK was 2.5 trillion of volume last year. FD likely similar. Industry wide probably 10 trillion
It is done on purpose by Kalshi to be confusing & conflate with standard sports betting volume reporting, so PR can run with it. Likely also to confuse investment community about it.
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Why is it 93-1 if you bet $10 and 38-1 if you bet $1000 on something
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.@MLB replay booth clearly trying to hand this game to the Mets (hint: they will still lose)
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We finally have a broader finance industry recognized, value-generating crypto product. I could cry. Our little industry is all grown up. 😭
Now let me rotate these $HYPE gains into a full portfolio $FARTCOIN play 😂
Ansem@blknoiz06
price discovery for the largest AI tech IPO of the year happened on crypto rails through a decentralized perpetuals platform & gave retail an entry -50% lower than what it is going to open at on the Nasdaq
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Chris Camillo explains why the Sweetgreen wrap might be a good trade
“Right now I’m looking at the Sweetgreen wrap. It’s not really a trade yet. They came out with this product 8 days ago and it could make their salad product portable for the first time. That means there’s potential for a mega social arb trade.”
“What you’re looking for is if the conversation converts from paid influencers to real users and really goes viral”
“I’m reading every TikTok comment about Sweetgreen wraps, I’m talking to clerks, I’m reading reviews”
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@ronnypatel31 Yup. Was wrong. Just like you are about LeBron lol
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Knowing someone’s position in the Jordan vs LeBron GOAT debate is probably the cleanest IQ test to ever exist
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Need to find a way to get Lebron and Jaylen Brown on the same team. Would be like setting up a new Large Hadron Collider. Universe might collapse in on itself
WarriorsMuse@WarriorsMuse
LeBron James is now 0-11 in game-tying/go-ahead FG in closeout, elimination, or NBA Finals games (last 24s).
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“My kid is a genius”
“What’s his IQ?”
“I dunno, but he asked me to hire him a dribbling coach”
GIF
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