How To Beat The Casino: Why VegasMatt Loses $100,000's To Make Millions
Watch on YouTubeVideo summary
Vegas Matt, a prominent gambling content creator and YouTuber with over four million subscribers, shares his journey of losing hundreds of thousands of dollars to generate millions in revenue through authentic entertainment. Despite acknowledging that gambling is mathematically unfavorable for the average person due to house edges ranging from 5% to 15%, Vegas Matt treats these losses as a necessary cost of doing business rather than an investment strategy. He reveals that his net worth, which he estimates was south of $40 million before recent fluctuations, relies heavily on real estate investments like properties in Las Vegas and Costa Rica, where the money is "hidden" from him to prevent overspending. Although he admits to significant losses, such as a session loss of roughly $140,000 over three hours or an 18-month decline of approximately $300,000, he views these expenses similarly to business overheads that cannot be fully written off against active income by the IRS. The financial success of his channel is driven primarily by YouTube ad revenue, which accounts for about 70% of earnings, with merchandise and sponsorships making up the remaining 30%. Vegas Matt emphasizes authenticity as the key differentiator between successful creators like himself—who are part of a father-son team with partner Robert—and the many channels that fail. He attributes their success to high production quality in sound and thumbnails, but more importantly, to being genuine about his love for gambling and joking around without pretending to be a financial genius or hiding behind complex strategies. This authentic approach has led to organic growth where fans travel from casinos just to meet them, creating opportunities for sponsorships that are becoming increasingly lucrative as the industry evolves. Vegas Matt's career path is marked by significant risk-taking and resilience after facing personal bankruptcy in 1991 when he borrowed $30,000 from his parents due to lifestyle expenses exceeding income on a BMW and car phone bills. Following this financial setback, he worked for Tony Robbins and eventually transitioned into video production before launching the YouTube channel with his son EJ and partner Robert. He explains that while table games like Blackjack offer lower house edges compared to slots or Dragon Link machines which have higher volatility but better viewer engagement, they often lack narrative depth suitable for short-form content. The team strategically chooses what to film based on mood and potential storylines rather than strict mathematical optimization, sometimes using high-limit play at tables as a way to "get even" during losing video sessions. Beyond gambling mechanics, the podcast touches on broader themes including family dynamics, health choices involving weight loss shots that reduced his appetite, and the complexities of online versus land-based casino regulations in the United States. Vegas Matt discusses how he overcame an insecurity about gaining weight from free food at casinos by adopting a regimen involving specific supplements and exercise routines. He also reflects on his 35-year marriage to a woman with strong moral values who helped him make better decisions, contrasting this stability with his chaotic gambling lifestyle. Looking forward, while dreaming of owning a private jet or opening his own casino—though he notes regulatory hurdles prevent him from playing in one he owns—he remains focused on entertaining audiences and helping his son achieve financial independence through hard work and smart investing rather than relying solely on luck.
Read the full video transcript
Gambling is probably dumb. Like, [music]
you're going to lose. If you played for
the rest of your life, you're going to
lose money. Like, I think our biggest
loss was $140,000 in a session, which
was probably [music] 3 hours.
Where did you get the money to be able
to do that?
The best investments I ever made were
real estate [music] because it hides the
money from me. I have money in the bank.
Like, I [music] find a way to spend it.
We went out for dinner one night and he
was playing video poker. He hit a royal
flush for $78,000 and I filmed it. And
so by the end of dinner that had 80,000
views, so I knew that you could turn it
into something and so I did. I encourage
anyone that wants to do YouTube [music]
to do it. 99% of them fail because it's
harder than it looks. You know, you're
going to have [music] obstacles, etc.
What makes you successful where a lot of
other people do what you do [music] and
fail? If I was speaking to any creator
or to your question, what really
resonates on social media these days is
authenticity. Do you [music] ever feel
like you were addicted to gambling?
Vegas Matt, you are known for winning or
losing hundreds of thousands of dollars
per hour. Welcome to the ice coffee
hour.
Well, thank you. That might be a mild
exaggeration, but uh I don't know. I
mean, I have lost a hund in a couple
hours, hundreds of thousands of dollars,
but not to disagree with you right out
of the shoot, but I I'm just a little
sensitive about that. You know, people
tend to exaggerate, you know what I
mean? Like, we gamble, I could even make
it sound better. We'd gamble millions of
dollars per year, you know, I mean, but
I mean, hundreds of thousands per hour,
I guess. Are you talking coin in, you
know, coin in for sure, but winning and
losing, like I think our biggest loss
was $140,000. Actually, I know our
biggest loss was 140,000 in a session,
which probably 3 hours.
So, a lot of people see that and they
wonder where did you get the money to be
able to do that.
The amount of money, you know, isn't
really all that much, you know? I mean,
it's not as much as people think. And
yes, we have some big losses and we've
had some big wins and we keep really
good records and we play as smart as
humanly possible. Like I think we put a
lot of effort into like where we're
going to play and when we're going to
play and we try to you know minimize the
house edge which you know on a slot
machine probably runs anywhere from 5%
to 15% of every coin in if you played it
for an infinite mathematical horizon.
That's what you would lose that
percentage of your coin in. And so we do
everything to try to like make those
numbers smaller. But we we were just
talking yesterday the updated number as
of like yesterday we're down $315,000
in approximately the last 18 months when
we started really keeping accurate
records. So what is 300 divided by 18
and you're smart guys like 20 grand a
monthish is all we've lost take.
Yeah. So now it's like, oh, 20 grand.
Well, like that will sound like, oh,
that's, you know, that's nothing. But at
this stage, especially, you know, with
all the revenue that we're making, it's
that's just a cost of doing business.
Now, sadly, the IRS doesn't see it that
way. So, you can't write off gambling
losses against active income. Uh, but
it's not really that that much money, I
guess, is the question. So, how I made
it, I don't know that it's necessarily
relevant. I mean, I was I was in sales
my whole life. if I worked really hard
and I bought real estate and did some
Airbnbs and bought a property management
company and had, you know, some some net
worth south of 40 million. What was your
first job? My parents were awesome. Rest
in peace. And, you know, really good
example, hard workers, owned a small
business together, an insurance agency.
And so, even though we lived in like an
upper middle class neighborhood and we
were far from poor, we were we were
fine. my dad did well. Um, you know, it
was, you know, get up when it's freezing
cold, you know, and go do this paper
route where you have to like walk all
the way down this massive hill, every
house on one side, then walk back up,
you know, the other side. And it wasn't
pleasant, you know, for and uh, but I,
you know, and literally I think I
remember it was a once a week paper
route. It wasn't too stressful, but once
a week and I think I remember my check
for the month was like $7 and something.
I'm old as the hills, you know, but it
was in like the 19 like probably in like
the early '7s, you know, and then when I
got into high school, dishwasher, like
at at a restaurant, then promote then
bus boy. I mean, you know, so like
actual work, you know, and then then
then I went to college, got a degree in
business economics, and then my first
job was uh at a bank, a management
training program at a small thrift and
loan. Um, so that was and then that
lasted a very short period of time
because I absolutely I felt like a a
caged animal like it was just not my my
natural state of being to be in a 9 to5
like there's I just didn't do I lasted
18 months and then that was the last of
jobs in my career. When in your life
would you say you made that jump to
being like okay like I'm doing all right
to okay I'm doing well?
That's a great question. I love you
guys. In fact I've done some homework.
Okay, very impressive. Uh, so how much
money do you need to live? Right, you
have to look at that. So if you need
$20,000 a month, you need to have
$240,000 a year after tax, right? I
would imagine. Okay, so to get $240,000
a year after tax and you're then depends
on what you're making on your portfolio,
right? So if you have $10 million and
you're making 5% on your money, right?
You have $500,000, right? So I guess
like for a long time I I that was a
goal, you know, it's like get to $10
million and then you get $500,000 a year
and then you get a okay return on your
money and you can live on that. So I I
would say when I hit around $8 to $10
million in net worth, I I [snorts] felt
like I had actual money. Then there's
like then there's like the next level is
can you fly private, you know, like and
then which you probably wouldn't want to
do because it's ridiculous, but I
absolutely enjoy flying private like
some of the casinos have planes, you
know, and what it's like once you do
that and then you then next day you're
getting like strip searched, you know,
going through TSA. That's never really
happened, but you get the idea. Like
it's like h all this aggravation versus
like driving up to the plane. It's like
um so but for that you know you need to
have a net worth more like the one that
the imaginary internet people think that
I have and it's one of my still like I
still have goals financially like I'm
still going strong at 61 not giving up I
want to get jet money.
What was the process to getting from
let's just say 0 to $10 million.
The best investments I ever made were
real estate because it hides the money
from me. I have this habit of if like I
have money in the bank like I find a way
to spend it, you know, and with real
estate, you buy it and you hold it and
it generates cash flow and then it
appreciates, you know. So, I mean, even
like my home in Vegas is a good example.
I paid $800,000 for that home in 2012
and at the highest it was worth
close to $3 million. I think you
mentioned this earlier. There's been a
little pullback in the valuations here
in Vegas. So, I'd say now it's maybe 24,
25, 26, that range, but that's a pretty
nice chunk of change just for living in
a home with a with a $650,000
mortgage at 2.75%.
And why real estate?
I just like it. So, like I am a
perpetual goof off. Like, I'm a kid. I
swear like I'm like a 16-year-old. I
just like to have fun nonstop. Like I do
not like people telling me what to do.
That's why I didn't do well in a in a
job. And so like I liked to buy I bought
a house in Lake Havsu because we used to
love going to the lake when my kids were
little and we'd go in Minnesota. So my
parents cab it. But at a certain point
in time I'm going to get my own my own
lake house, you know. And then that was
when I heard about the concept of Airbnb
when it was first starting. So we're
probably talking early 2000s range,
something like that. And uh I thought,
hey, wouldn't that be cool to have a
house that you could also just rent out
short-term, make money on it, and then
uh also use it when you wanted to. Now,
then I bought a place in Costa Rica, and
I really like going to Costa Rica, so I
started buying houses in Costa Rica and
a focus there. And so, it's another cash
flow property. So what I my philosophy
is like buy stuff where you want to go
and then so that was I mean maybe not
the brightest philosophy in the world
but I just if I can somehow combine a
vacation and a vocation you know do that
if it's something that's fun that's
always been my overriding philosophy.
It's not fun I'm not doing it. Why not
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get back to the podcast. Why not stocks?
I like stocks. I I mean I have a very
balanced portfolio managed but you know
I I try to just not pay attention to
that although I still like check Bitcoin
stocks and everything like 100 times a
day like on my phone. Uh but I have the
majority of my money at like a big you
know financial place and they just do it
and I have a lot of stocks and bonds and
all that kind of stuff. So yeah, I
certainly am not a, you know, a
financial whiz kid, but I've done okay
for myself and have enough money to go
and gamble.
Do you find that you also have taken
similar risks with career or with other
investments?
Oh, absolutely. Now, so I had an
interesting dynamic in that, like I
said, my my family was very stable. My
parents were the complete opposite of
me, you know, and I think that we tend
to be the opposite of your parents. I
heard that and a long time ago and I've
I've gathered evidence along the way.
Like for example, EJ is the complete
opposite of me. Like I'm 61 and the
other night I went out to zoo, you know,
till 3:00 in the morning. EJ
doesn't ever go out and he has no
interest in it. You know what I mean?
It's like you you tend to be the
opposite of your parents. My parents
were so strict and like so restrictive
on my behaviors. Whereas like I would
tell I'd leave I'd leave town and I'd
tell EJ, "Hey, you should throw a party.
We have a sick house with a great pool
and a hot tub and a water slide. You
should have like the whole, you know,
the whole gang over here." And then they
wouldn't do that. And then whereas with
my parents would leave and they said,
"If you have one person in this house,
it's going you're going to have hell to
pay." And then of course the minute they
leave I have like the whole school over
like 200 people and the police come and
I get in all kinds of trouble. Somebody
throws up you know that's like project
X.
Yeah. So I digress. So yes I take I I
have always been at risk like so I think
if you're an overprotective parent
you're going to end up having kids that
are maniacs. Like my strategy was just
be let them do whatever they want and
then they became wonderful children.
Both my kids are incredible. Uh, so
yeah, my mom was really o overprotective
and strict and that that restriction on
my behavior when I was younger I think
made me act out once I like got to
college and got free and so I'm a
tremendous risk taker and then also
because I'm not sitting here trying to
rip on my parents also they offered an
amount of financial stability like I
think I'm very lucky in that if I ever
felt like I had a problem and I was
going to be homeless I knew that would
never happen. It was like, you know,
walking on a t tight rope, but you know,
you have a net. Now, I only used the net
once in my life and I borrowed $30,000
from him in like 1991,
you know, and I was like, so I was what
uh late 20s, you know, just have my
first kid. I got upside down and I was
in a real pickle, credit card bills.
What happened, man?
I just was I was involved in a business
that just went, you know, went tits up
and I I I had let my lifestyle get ahead
of my income or like, you know, I mean,
it was just doing things like, you know,
like you would probably recommend
against, you know, like I had a BMW 733,
you know, and I a car phone like, you
know, like when they first came out,
like the built-in one with the antenna
on the back with a $1,500 a month car
phone bill was very important. And then
and then just all of a sudden my income
went from like $30,000 a month to zero.
And I just and I just it just it just
overnight went to zero. And I was like h
you know and and I it took me a minute
you know to let my lifestyle calm down
and realize that you know this was a
problem. Regroup, refocus, find
something else to do. And I just got
into this, you know, what seemed like an
insurmountable amount of debt at the
time, which you know, and I just said to
my parents, I said, "Hey, I just need to
borrow some money." And so, like, my
point is is that I was willing to take
more risks cuz I knew I had to save
that. I, like I said, I never really
leaned on it cuz they were the last like
it was it was like the worst thing in
the world asking my parents to borrow
money, but I I knew I'd never be
homeless, so I was willing to take more
risk if that makes sense.
How difficult was that to readjust for
lifestyle?
Very difficult. But I think it's what
made me uh who I am, you know, like I
can you can knock me down, I it, well,
unless I don't ever get up again, you
know, like I'm going to come back
stronger than ever before. And that's
what I always did. So, I was pretty into
personal development, you know, and and
I had learned about goal setting and all
that kind of stuff. And uh and I one of
my favorites was Tony Robbins. And so,
when that happened, I was so depressed.
So I I was like after I got done feeling
sorry for myself and my wife said like
you know okay what next you know I I
really like Tony Robbins and I said well
I want to go work for Tony Robbins cuz I
think the guy's awesome because I've
been to one of seminars and I go wow the
guy's like the best speaker I've ever
heard. So, I just kind of put that out
there that I was going to work for Tony
Robbins and I found a franchisee, friend
of a friend who he used to have these
franchises up in Oregon and I moved to
Oregon, worked for Tony Robbins, got my
headspace back in order and then uh and
then I ended up getting a job selling
like videos, producing videos and stuff
for that industry, you know. So I kind
of became a vendor which kind of
distanced me from it a little bit and I
did really really well at that too. Like
every time I made any kind of career
change I always ended up doing better.
The most recent of which now all of a
sudden I'm a YouTuber and thanks to my
son and my partner WBG Robert, you know,
these guys are brilliant. We all have
incredible work ethics and and I and
we're doing quite well at this because
I'm putting the same 18 hours a day, you
know, focused intensity, all the things
I did my whole life into doing this. And
I encourage anyone that wants to do
YouTube to do it. Everyone always wants
to. There's 100 channels that start
every single month. It's just like
everything else. 99% of them fail
because it's harder than it looks. You
know, you're going to have obstacles,
etc.
Yeah. So that seemed like it was your
biggest net worth swing in the negative
direction. What was your biggest
positive net worth swing in your life?
I don't know. Probably when I inherited
my parents' money. [clears throat]
I mean, you know, that's that's kind of
a, you know, sounds kind of lame, but
I'd say like about half my money came
from my inheritance, you know. I mean, I
inherited the banks to my parents being
working hard their whole life, being
smart, you know, probably investing like
you. My dad would never have bought a
Starbucks in his life, you know. I did
inherit a few million bucks and and that
was that was really helpful.
Did that lead towards the retirement or
was that post retirement?
No, it was post retirement. I had I had,
you know, I had saved a few million
bucks and I had a bunch of properties
myself. But then, you know, then you
layer on another few million and then
all of a sudden you're like, you're
comfortable.
But then I'm so glad that I didn't just
sit there and lead like this comfortable
life and go out pasture and like try to,
oh, how can I play video poker every day
and, you know, lead a small life with 10
or $15,000 a month budget to pay my
bills? Uh the I mean this is the
greatest thing that ever happened
because I'm like rejuvenated and I'm
literally working as hard or harder as
I've ever worked in my life and helping
my son you know get financially
independent. I mean I by the what are
you 32?
30 your sister's 32. I kind of knew that
you know he's 30 years old. By the time
he's 35 guaranteed the kid will be set
for life all from his own doing you
know. I think that's cool. So that's fun
to be able to work with your kid.
When was your first time gambling? What
comes to mind is in junior high, you
know, like there was like poker and and
there was this kid Jeff and he had this
house that you could just walk up the
hill from my my junior high and uh I was
such a dork in middle school. That was
like the worst time of my life. So these
guys invited me to play poker with them
and I just got wrecked for my lunch
money. Like literally, you know, like I
would I would like my parents had this
like change thing and I would take like
three bucks out of their change thing
and go play poker. And what what year
would that have been? 1975.
So like I was like 12, 13 years old or
something like that. Playing poker,
getting wrecked for my lunch money was
my first lesson in uh in gambling. And
then you know Vegas trips with a fake ID
in the 80s, you know, during college. I
think it was the first time I came to
Vegas, totally different city in 1984
than it is today. Uh and I used to live
in California and we would go to Vegas a
lot. Like, you know, we we even bring
the kids to the Aladdin Hotel and, you
know, and my wife and kids would be down
at the little pool like in diapers and
I'd be down there playing roulette. Go,
come on, 17.
Do you think it's hereditary that you
have like a fixiation with gambling that
maybe is like, you know, genetic to some
degree or like there's a reason maybe
you're drawn to it more than like the
average person?
I don't know. I mean, I think gamblers
are optimists generally, you know, like
like you're a financial guy. As I've
mentioned, my son's been watching you
forever speaks the world of you. I
hadn't seen it, you know what I mean?
But then again, I bumped into Bradley
Martin at a party and didn't have any
idea who he was at first, you know? Now,
now I know getting hippered by the day,
you know, but but you probably,
you know, think gambling is idiotic.
like why would you do something that's a
losing proposition, you know, and that's
a very logical approach. But gamblers
are optimists. They're like, "Yeah, but
you could get this big win." And it's
just I guess like any other let's call
it a bad habit. Again, if it's a bad
habit, it's not I'm not in charge of
gambling. A couple people are like, "Oh,
you promote gambling." It's like, then
don't let casino put them all out of
business. Make gambling completely and
utterly illegal if it's a problem. I'm
not the problem. I want to I want to go
on record of saying it, but I think
there's a lot of people who enjoy it.
It's a it's a it's a it's a rush, you
know, the thrill of victory, the agony
of defeat. Um I don't know this is a
genetic predisposition. I know my dad
used to like to play video poker, but he
would play like 20 for 25 cent single
line, you know, and he kept a record. I
found it when I looked through their uh
their stuff after he died and he had a
record of every royal he got, whether it
was clubs or parts. It was so cool. like
he was such a disciplined guy and he
never probably lost more than 500,000
bucks and he figured I got a free hotel
room and some free meals and it was
probably worth it. You know where he was
reckless at all. But I'm I'm not sure if
it's a genetic predisposition unless the
department of government efficiency
eliminates it. Maybe we can have the
government do a study and spend millions
of dollars as to whether that people
have a genetic predisposition to
gambling. I don't Was there a specific
moment in time where you had some sort
of gambling swing, positive or negative,
that actually made a big impact on your
overall financial well-being? I think
fundamentally I was taught good values
growing up and my parents were really
good examples. So I I pride myself on
being reasonably responsible, you know,
like like I said, I only really had one
time where I where I wasn't able to, you
know, take care of all my obligations
myself. had to lean into my parents for
a loan which I paid back. You know what
I mean? So it's like I would come out
though like I I met with this guy uh
Steve Seir. He wrote a book called Whale
Hunt in the Desert. You know, he's a
he's a host here in Vegas and he became
quite famous. He's been on, you know,
TV, wrote a book and everything like
that. And when I was probably 20, you
know, 26, 27, 28 years old, like, you
know, not making a lot of money, I went
to the Las Vegas Hilton and he happened
to be my friend's host and he became my
host and and he just there was things
were a lot different. It's not now it's
all computerized. Back then they had the
power of the pen and a host could just
comp and do whatever they wanted. and he
just gave me a $10,000 credit line. And
uh that's probably the modern-day
equivalent of a
25 $50,000 credit line. Like it was a
lot at the time. And I remember I got
hammered drunk and lost that entire
10,000 in one night. I just I was
chasing whatever it was, crabs or that.
It was a blur like one of those montages
in a movie. You just wake up in the
morning and you have these slips of
paper and it's like I owe $11,000 cuz I
lost the whole 10. apparently and said,
"I need more." And he gave me a 10%
bump. So, he gave me $11,000. And it
took me like a couple years of making
payments to Las Vegas Hilton to pay that
back. And that was super painful. That's
the only time I really actually got into
any kind of like trouble gambling, but
it wasn't the end of the world. It was
painful few hundred a month payment and
a and a and a lesson. Um, but I would
come and I'd get, you know, like in my
30s, 40s, whatever. come out, you know,
like a lot of people you see in Vegas, I
come out for a weekend, lose five or
$10,000. It stung a lot, but it was fun.
You know, I was at the Hard Rock in the
'9s and, you know, there were the great
parties and you're at the Peacock Lounge
and everyone was there and the
celebrities and, you know, it was it was
it was a lot of fun. So, I think it has
an entertainment budget. I wasn't a
golfer. I mentioned this before, but I
think it's a good analogy. You know, if
you let's say you lose $5,000
five times a year and on your Vegas
trips, that's $25,000 a year and you're
a responsible otherwise human being. I
know people that spend 75,000 125,000 a
year on golf. I don't golf. I gamble.
I I think the difference with that is
that people think they'll get better at
golf. Can you get better gambling?
Yes. I have good questions, guys. Uh
yeah, I mean you know it's not it's not
something that I do necessarily but yes
I mean anyone can Google you know
advantage play you know I mean there are
people who make a living gambling you
know that you have you know there's
things that like card counting I don't
really understand and I can't pay
attention long enough to do it but you
know you see the MIT card counting movie
or whatever you know you can count cards
and beat blackjack, you know, but they
watch and if if you're beating them,
they'll ban you. You know what I mean?
Like that's that how you can get an edge
in uh blackjack, you know, those things
are I guess you you know that gray area
of is that cheating? I don't know. Or is
it just a mistake on the casino's part?
Then with slot machines there are things
like must hit buy jackpots you know and
some person might be you know innocently
playing a slot machine hitting the
button for three hours and they lose you
know all their money and they get up and
they walk away where literally you can
walk up to that machine you can see oh
my god that number is at 9,999
it has to hit by 10,000 it moves five
cents for every you know $50 of coin in
I got to just put
$2,000 a coin and I'm going to make that
10,000. It's a pretty extreme example,
but there are, does that make sense?
There are situations that exist on slot
machines that a player that plays them
has a mathematical advantage. Now, it's
now it's such common knowledge and
there's so many channels that talk about
it and so forth. Finding those things is
almost impossible these days. Um, it's
somewhat of a thing of the past. So, but
yes, you can become a smart gambler.
Another example, taking advantage of
things, not taking advantage, but things
like slot tournaments, things like 10
times points. You know, here like what
do you guys ever go to casinos? Do you
ever gamble?
Every now and then.
Okay. Where do you go? Red Rock or
Durango.
So on Thursdays and Sundays, they have
10 times points. Were you aware of this?
Okay. So to get 10 times points as a
local, you go there and you have to
swipe your players card. If you don't
swipe your players card, they don't give
you the 10 times points because you're
smart. That's why they're
multi-billionaires. you'll never figure
out if they don't swipe their card. They
don't know. They obviously don't care.
But to get the people who, you know, are
playing a lot, give them a little bit of
a little bit back. Uh you swipe your
players card, you get 10 times points.
So I play at those casinos on Thursdays
or Sundays. Uh because let's say on a
normal session when we're making a
video, we might put say $50,000 of coin
in, you know, so our expected loss might
be $5,000 on that video if you know
mathematically. And normally we would
earn like maybe $60 in points, you know,
that you could use for a free Starbucks
or whatever. Or you could turn it into
free slot play. If you go on a Thursday
or Sunday instead of 60, it's $600. So
now I'm getting $600 back on this
expected $5,000 loss. So my expected
loss is now $4,400. I'm just starting to
give you a couple examples. And then we
won $100,000 uh last year in a slot
tournament that, you know, so you get
these mailers, you know, that come and
most people just probably just toss
them. It's like, oh, more junk mail
bail, whatever. I'll just come to the
casino when I feel like it. But if you
see a mailer, it's like $100,000 slot
tournament, you know, this weekend, you
know, get a free room and free food and
and blah blah blah. You know, we've
probably done
20 slot tournaments, let's just say, but
we won $100,000 in one of So that means
that I made $5,000 for every one of
those slot tournaments that I went to,
mathematically. You know what I'm
saying? So, the answer is emphatically
yes. There are smart gamblers and
they're just like flat out people that
are just they might as well just burn
their money. But before we get into
that, let's be real here. Being an adult
has its high points. You can eat ice
cream for dinner. You can play video
games whenever you want. You can even
eat ice cream while you're playing video
games. But in actuality, it's not all
fun. You have to do your taxes, figure
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Thank you Zdoc for sponsoring this
episode. And now let's get back to the
podcast. So to to explain what's
happening because we got we got a couple
things going on now. We're going to
start talking about the business. And
you run and manage the business. You're
also a son. You're in the you're in the
videos. This is EJ. Everybody you're
probably familiar with him. Yeah,
we also were talking off camera.
Graham got gifted a six figure necklace.
We don't know exactly how much it cost,
but he got gifted it from Liver King who
it was gifted to him from
Kyle. Kyle from Neelk and then it was
gifted to Kyle from
Steve will do it.
Steve will do it. And so it's kind of
followed this just ownership thing and
Liver King gave it to Graham with the
contingency of Graham having to give it
away to someone else at some date in the
future. That's the That's the one
contingency. Graham, how many times have
you worn this necklace?
Never.
Maybe. Maybe. I think I wore it once.
It's It's so like I don't want to say
ostentatious. It's just not my style at
all to wear a diamond chain.
It's like
So I' I'd never wear the thing, but I've
always thought it would be cool to give
it back to Steve who started this entire
cycle of like giving it to somebody.
Yeah. He's such a generous guy. And I
and from like your perspective as a
finance guy, like how do these guys like
like Sketch came and hung out with him
and he's like, I bought Sketch a Lambo.
And he's like he's constantly just
buying these insanely inexpensive gifts
and giving him people. Like I see a
video he's in a car dealership, you
know, and sees like a veteran and he
walks up and says, "How much is your
car?" He's like, "$35,000." He goes,
"I'll buy it for you. Here's the cash."
Like he's incredibly generous. God.
That'd be fun to give him something. We
we actually gave him a pendant, a huff
and puff pendant, like a diamond pendant
that you know was like probably $14,000
or something like that. Thought we were
being very generous and then he gets it
and he's like, "What? There's no chain
with it?" I'm like, "Well, I assumed you
had a chain." And it's been an actually
a funny joke. That would be absolutely
hysterical if if I connected him with
you and and you uh gave him that that
change. So, I I he's he's a great guy
and I could definitely make that happen.
Cool. Let's do it. That'd be fun. So,
we're going to try to we're going to try
to transfer ownership and if he's okay
with it, we'd film it.
I'm not trying to do for content
because I think most of the transfers
are have all been filmed so far. All of
the transfers of ownership transfers.
[laughter]
Well, I know he just is moving back to
Vegas, so uh I know he's going to be
here, so I will do my best to make that
happen. He's he's a he's a great guy.
So, going back to the gambling, how did
you realize you could turn this into a
business? Where did that come up? We
went out for dinner one night and he was
playing video poker as you do. Uh, and
he got a comp at uh either the M or GVR.
Memory is not really clear on it. He hit
a royal flush for $78,000 and I filmed
it. And I was with a few of my friends.
We were going to go to dinner and we're
like, let's put it on TikTok cuz this
was 2021 when things were really blowing
up. And so by the end of dinner that had
$80,000 views and I've always been sort
of entrepreneurial and I watched a lot
of your videos and I was like maybe
there's something more to this. And so I
just started to go with him more and
more and I was looking for ways to make
more money. So I started posting it and
his videos were doing well and then we
just started gambling more and more and
more and it just morphed into this whole
business and I knew of the business of
social media for a long time. I've been
a a connoisse consumer of social media.
So I knew that you could turn it into
something and so I did and it was very
fun. So what machines when you walk into
a casino have the best odds? I know most
people walk in, they hear these stories
that like the ones closest to the
entrance have like the worst odds or the
best odds and best odds marketing
the best odds because they want you to
win a little bit or there's the the you
know the fallacy that like your first
time playing they want you to win a
little bit in the beginning like is
there any truth to any of these claims?
No, I I I believe no. [laughter] Uh like
[clears throat] because like changing
the payout on a machine is is a is a
good deal of effort, you know, and it's
all very regulated. they have to open
the thing up and then there's a log and
there's a process and it's like a
software and it's just like it's just
not that simple and they don't they
don't change it on like Tuesday mornings
and then you know turn it back tight on
Friday night or and and I highly doubt
that there's any truth to the ones by
the entrance. I I I would take the under
on that. Uh the the best games in the in
the casino uh slotwise are video poker,
you know. I mean, the video poker's way
better than slots as far as so if you
want to play and earn comps and stuff.
Uh you you go play video poker, learn
how to play, that's another thing that I
you know, like you asked earlier about
the good and bad gamblers. Like yeah the
people I watch them the holds that they
make that are just mathematically just
horrendous you know like they'll be like
oh I've got a pair of queens but I also
have like ace jack to the royal you know
I'm going to hold that you know it's
like a 10,000 to one shot or whatever
versus like a for sure payout like like
anyway so the best game is is video
poker interesting and what about the
ones where I see that seem to go viral
online someone saying they got paid a a
lot of money but the casino Ina refuses
to honor that because of an error and
they say, "Oh, no, that was an error on
the slot. You didn't actually win the
money."
I think those are probably blown out of
proportion more than maybe reality. That
doesn't really happen, I don't think.
I mean, maybe maybe I I've seen I know
what you're talking about and it
probably has happened, but maybe there's
more to the story than meets the eye.
Exactly. There's more to it than
The gaming control board is very like
that's a very serious thing and it's all
very very regulated and
you know, I don't know. there if there
possibly was some some reason. I I don't
I they make enough money. I don't think
they need to beat people. I mean, there
was probably like one or two instances
of that ever. And and yeah, I mean, I
think it's blown. I've always gotten
paid. I've never had them say like, "Oh,
you know, we we had $120,000 the other
day on a on a Buffalo link and and they
were overjoyed to pay us
cash in like 25 minutes." I think people
always ask like, "Are the machines
rigged?" It's like a very common
question and like, "Are they cheap?"
It's like, well, they are rigged because
the house has an advantage. Why would
they go out of their way to rig it
further? They're already winning. They
don't need to cheat. I don't think
people need to get that out of their
head.
No.
Is there ever a time that you don't want
to be gambling?
Sometimes I get tired of the losing, you
know, like I mean, one of one of the uh
my friend said, you know, that's that's
been a gambler full-time forever said,
you know, winning streaks and losing
streaks always last longer than you
think is humanly possible. So this it is
a very streaky business. It just it's
you know the math is the math over an
infinite time horizon. But there you
know sometimes you can sit down at a
machine and it'll be very hot you know
and then sometimes you can sit down the
machine and you just can't win anything.
So like if you have like three or four
days in a row where you lose 15 $20,000
and you just can't seem to get anything
and uh you know it gets frustrating and
I've had my moments where I don't feel
like gambling. But still to this day,
like last night we were just talking
about at the break. I I mean I I went
out to Red Rock and just gambled for
entertainment. Wasn't filming or
anything. People walking up to me like,
"Where's the crew?" I'm like, "I'm just
here moving [laughter] on
playing Bakra."
Yeah.
You know,
that's So, how are the machines though
for slots designed to keep you playing?
Because I've noticed there was one
machine that really bugged me a while
ago. It was the balloon one. I lost so
much money. It was uh Resorts World and
they had this one slot machine that you
put money in and you hit like certain
things and it made the balloons like get
bigger and bigger and bigger.
We talk about that a lot.
Yeah.
Perceived progression or persistence. So
the animation on the screen, the balloon
will get bigger, the sparklers will get
more full, the piles of gems will get
bigger.
It doesn't mean anything. It just means
that that bonus hasn't hit in a while.
It's not more due than it was before
when you started playing it.
Oh, really? It just means it hasn't hit
it. Essentially, it's what it means.
It's just a fun gimmick for people to
think that they're closer
visual representation.
We've lost a lot of money
chasing those
as if that was real. It's not. There is
real persistence on some machines, but
not not those animated.
So, how can you tell if it's real versus
fake persistence? You were saying a
guaranteed payout of 10,000. If someone
wanted to walk around for like 3 weeks
straight to try to find a slot machine
that has a guaranteed payout, like how
could they differentiate that? Well,
they'd be competing with about hundreds
and hundreds of people that just like
walk around the casinos non-stop looking
for these, you know, six or seven plays
that exist.
Yeah, you could go to a machine like we
could sit you down next to a machine and
I'd say watch how many people come by
here and poke this like every two
minutes somebody will come and poke it.
You can Google advantage play, but like
I said, it's very competitive and
there's not really any money in it.
It's the discipline it takes to make
money at it. it again. It's like like
everything it you'd have to be so smart
and work so hard and it at this point in
time like it's got it's getting harder
and harder and harder as more and more
more and more people know about it and a
lot of casinos are taking out all of the
advantage play machines out of the
casinos anyway. And even if you play
something that has a is in an advant
advantageous uh situation, you can still
get completely and entirely wrecked.
Yeah.
Just because you're a 1% favorite
doesn't mean you're going to win money
every time. you can you can still lose
$50,000 easily.
So, is there a certain machine that you
should play or is are the odds better on
one machine versus another? How and how
could you tell that as a player?
Slot machines or
slot machines.
Just play the ones you enjoy. I think
that's what we should preach here is
whatever you're having the most fun on,
play that and you're never going to get
an advantage on it. Playing high limit
is another example. Sometimes the
household will be 2% less if you play in
high limit. So if you're betting $5 a
spin and you're max betting a machine on
the regular floor, but you can go into
high limit and the minimum bets five,
play there cuz the household might be a
little bit less in high limit.
And how do you know when to walk away?
Well, we never do. [laughter]
Well, I mean that's you know there's
like literally you know like those
brochures in every casino like you know
call 1800 gambler or whatever it is. I
mean, it's like any addictive behavior,
you know, how does the you tell the
alcoholic when to leave the bar, you
know? I mean, the reality is they still
bars are still legal. Like, it's been
kind of an interesting topic. I mean,
cuz whenever you're talking about
anything controversial, it's like, well,
who ultimately there's self-
responsibility, right? Or or is the
government in charge of everything that
we do? You know, what we do for a
living, if we gamble, if we drink, if we
do drugs, you know, it's like, oh, well,
if it's bad, it should be illegal. And
then, you know, I'm not I'm not that's
not how I really roll. But the answer is
how to walk away. You know, if you're
losing too much, you know, if losing
money, you're playing with money you
can't afford to lose, that's a great
time to walk away. And we're in a really
great situation now in that, you know,
we have YouTube revenue, we have merch
revenue, we have, you know, endorsement
revenue, we have, you know, we can't
lose anymore. You know, that's kind of
that's kind of fun. Uh I mean we lose
but net net we're not gonna lose you
know and but the average person who
watches some you know we were thanks to
EJ I think and and Robert amongst the
first to really show the truth about
gambling. Our our show is more like
almost a podcast these we talk we gamble
we talk about all kinds of different
stuff. We have the question of the day
we have all our funny sayings. I do my
wacky, you know, wrapups and the
gambling is just kind of kind of
happens. But we were the first ones to
really show our losses because, you
know, it used to just be like, oh, I
push the button and I get a big jackpot
right away, you know, and it's like it's
like just not true. It's just gambling
is a losing proposition. So, when you
know when to walk away, do not lose your
rent money because you could go and get
completely wrecked. Like I mean, you can
sometimes It's just uncanny. Like
remember the other day
you lose way more than you can you
expect you can sometimes like the other
day
we we played this machine at Resorts
World and we did great. It was a new
machine and I mean it was an incredible
video and and and it was like wow I love
this new machine you know and I'm like
man the machine manufacturer should give
us a million dollars for this video.
It's so good. So then like a week or two
later, you know, it it showed up at
Elcortez and we went to Elcortez to play
it. And again, just random. It's a
random number generator. Every time you
push the button that there's there's,
you know, 10,000 different outcomes that
could possibly happen or whatever the
number is, and one of those 10,000
outcomes is going to come up. It's a
it's a mathematical random number
generator. Then it's there's a
percentage of time or whatever. And over
an infinite horizon, you're going to
lose about 5% of what you put in. But
the second time we played that machine,
we lost $53,000
in the course of an hour. And I think we
we hold the uh record, I believe, at El
Cortez that the manager and our good
friend over there told us, he goes, "You
guys just set the single uh machine
record for losing the most of anyone in
history." So
at that property, yeah,
I'm going to call the people at
Guinness,
not the bigger. So, I've always been
curious about this. Slightly off topic,
but when you press the number or when
you press the, you know, the go on the
on the slot machine, is every time
randomized or is it like preset where
it's like the seventh time you this gets
clicked?
So, the way I've learned to think about
it is if you imagine a giant roulette
wheel with, like you said, 10,000
different outcomes.
Every time you push the button, you're
spinning that wheel and you can get one
of those different outcomes. So you can
get the zero outcome an infinite number
of times or you can get the spectacular
outcome seven times in a row. The
household is going to be what the
household is over time just like it is
on a real roulette wheel. It's the same
kind of thing. Does that make sense?
It does.
Yeah, that's how it is. And then and
sorry to interrupt you, but the the like
what you see like the the wolves or the
sevens or the cherries or whatever,
that's just a visual representation
that's pre-programmed in. When the
second you push that button, your
outcome is determined. And it might be a
five minute long bonus with, you know,
squirrels running around with nuts and,
you know, [ __ ] out gold nuggets or
whatever the case may be.
I don't know if you can swear on this,
but that was that was trying to be
funny. But my point is is that that was
predetermined that you're going to win
$17,412
and the greatest bonus in history on
a$120 bet. that that's the one in you
know 10,000 on the roulette wheel
outcome that comes up like every 30 days
maybe
but it's generated when you push the
button because in theory you could
randomize it for future right like you
could say the next 10 things like when
you get the 10 free spins it randomizes
as soon as you press that one button
that one time it knows you're going to
get 10 free spins and it also then
randomizes the 10 free spins at the
exact same time
probably I mean you know you could I
would you know you could invite someone
from Aristocrat or light and wonder or
IGT here. What are the different ones?
There's a bunch of different
manufacturers that that make the
machines who really that would be the
real person to ask cuz like
that would be interesting.
As a disclaimer, it's like I don't know.
I mean, we don't know everything, but
I've been told what the answers that
we're giving you uh by people that I
believe know what they're talking about.
And and I believe it's a random number
generator and it's completely and
utterly random. And I believe that that
you know, it's all very regulated and
that's how it is. And I think your
roulette analogy is really really good.
You know, there's 10,000 possible
outcomes. Push a button, it's like boom.
Oh, that's what it is. And then the rest
of it is just fluff. Did you ever feel
like you were addicted to gambling?
I don't know. Uh, possibly. I mean, I
might also be addicted to sugar. Uh, you
know, I mean, I I don't know. I really
really enjoy it. It is It is a It's a
rush. It's like maybe for some people
it's snowboarding. EJ's quite a good
snowboarder.
Snowboarding is fun. uh or coffee or
sex or alcohol or what else do people
get addicted to? You know, that gives
you that dopamine is kind of a trendy
thing on on on my news feed, you know,
like it's like what's what gives you
your dopamine
phone. You could be Tik Tok addict or
whatever. Like um
so, you know, government's going to make
that illegal too, you know? I mean,
eventually it's like, hey people, use
your head. That's like I don't know.
Yeah. Be responsible.
Be responsible. But addicted is kind of
a bad word. I'd rather not be addicted
to something. I just love a gambling.
Like if I'm bored, like, you know, like
I'll go gambling.
The other day when we were in uh Arizona
cuz my sister's having a baby. We were
there and it's like, well, what do you
guys want to do?
I mean, it was Thanksgiving. You know
what I'm saying? [laughter] You see
these people you haven't seen in like
four years, you know, nice people, had a
great time, had a great meal, you know,
a couple cocktails. We talked about
everything and gets to be like 7:00
because like we started going we started
doing the dinner the Thanksgiving thing
like noon you know it's like 7 hours
later it's like what do you want to do
you know like I don't know there's a
casino like 12 minutes [laughter] away
and so we went to the casino and had had
fun you know like
did you film that one?
No we just me and EJ just went over
there and my daughter and it was it was
awesome. We we played a bit and then uh
then EJ, you know, he thinks he's really
good at blackjack, you know, and and uh
so we go and we play blackjack and this
really nice dealer and he's just getting
smoked. What you you I mean not smoking
you and I I mean we were splitting we I
don't know 2,000 between the two of us
over that time.
It was kind of dumb on Thanksgiving.
It's like you know cuz that's like 2,000
bucks you could go buy invest in a
mutual fund, right? But so yeah, we're
down $2,000 and then uh we're like, "Ah,
okay, thousand each, you know, at the
end of the world." Had some
entertainment, but licking our wounds,
you know, because just it was like we we
get 16 every time. The dealer gets 20
every time. How could how is this
possible? So we would bet more. And then
on the way out, you know, my daughter's
like nine months pregnant. My wife's
tired.
Smoke free casino though, by the way.
Smokeree sister. And and and then I'm
like, "Ah, one more machine." And then I
stopped by this machine and I just put
800 bucks in. I don't know why. I could
probably had like I probably had like
4,800 in my little bankroll and I put
800 in there. First spin, $20 spin,
dropped a $5,400 jackpot. Walked out of
there. Winners. Great Thanksgiving. A
little hour with the family.
It was fun.
Net made $3,400. Gave EJ his,000 bucks
back. Gave my daughter a few hundred
bucks, my wife a few hundred bucks. It
was beautiful. Like that's a happy
gambling story. Now, the bad gambling
story is, you know, I went and I lost my
ass and I can't afford to pay my rent.
That's going to happen if you if you
don't get lucky. If you don't get lucky.
Like, I could totally afford to lose
$2,000.
Yeah. Even if we left there losing
2,000, it would have been completely
fine.
I mean, it's dumb. Don't get me wrong.
Like, there gambling is probably dumb.
Like, you're going to lose. If you
played for the rest of your life, you're
going to lose money. But if if that
entertainment, that rush of like, "Oh,
man, a double down. Oh, I was betting a
100, now I got to put another hundred
out there." That that excitement, I
think, is what keeps people coming back.
See, I see you and you seem to be very,
you know, responsible in terms of the
amount of money you have versus the
amount of money you gamble. It's never
something where like it's actually going
to make an impact on your financial
well-being. But then I also see these
other people like I know there's like
Togei and there's like Steve will do it
and these other you know gamblers where
it seems like you know like they
actually make some questionable choices
relative to their overall financial
stability. Like Togei I know like will
gamble like 2 million bucks. Now I I
like look at his views. I look at the
ways he could be possibly making money.
I'm like this I feel like this is really
unaffordable or unsustainable at the
very least. Like one of the things I've
learned and and EJ I really need to let
you talk more but I like to say things
to people directly like I would never
like I've met the every person you just
mentioned I've met them all and I I I
was at Red Rock and Togei that came and
sat down next to me because I remembered
him from a stream we did with Steve very
nice nice guy that's all I can say. I
agreed like I said with Steve like how
does he afford to buy everyone a
Lamborghini you know like I mean I make
a lot of money and it would I would have
to really love someone you know or
whatever like I'd buy EJ a Lamborghini I
offered him he didn't want it but I'm
not going to go around like buying
everyone Lamborghinis or and I see like
those guys you know like Dana and Steve
and them they have some insane swings
you know
Dana I mean
well Dana's got obviously a massive net
worth you know I don't know enough about
what these guys do. But I'll tell you
what, they they seem to be having fun
and as long as they're not hurting
anyone or whatever, I I don't care what
they do. I I wish I had the the balls or
I wish I was 25 and had 20 million
followers and, you know, went and did
what I enjoyed every day. So, God bless
them. But yes, some people seem to
gamble a lot. What were you going to say
on that topic?
Yeah, I was just say those guys are nice
and they're having fun and they're
young, too. Do I think that they can
take bigger swings and they're building
a brand and so hopefully they're being
smart, which they probably are.
Do you ever worry about glamorizing
gambling?
Well, we don't. Um, you can see we wear
merchandise. Our most popular shirt is
called It says Sando on it, which means
[ __ ] sandwich. And basically, it's the
most relatable thing that we've ever
branded
because people understand that you lose.
And we show 65% of the time that we lose
our ass. But we have fun and we
encourage people to be responsible and
not play with money they afford to lose.
And another thing we always say is
idiot. Like we always call each other
idiots because we're losing. And I think
people understand that you're going to
lose if they truly watch our show. If
they watch reals sometimes maybe they'll
think, "Oh, he just won a bunch." But I
mean, we have a series right now where
every 10,000 subscribers we're betting
8,700, 8,800 until we get to a million.
and we're posting the results of that
and so we've done it 16 times and we're
down 3,000. We're very transparent about
the actual results.
Yeah. So, I mean, I wouldn't want to
glamorize gambling and I think there's
something to to be said about that. And
uh again, until such time as it's
illegal to gamble or to talk about it,
you know, I mean, it's entertainment.
You know, us, we just we try to be
responsible and so forth. But, I mean, I
would not I would feel horrible if
somebody
watched one of my videos and said, "Oh,
boy. I'm going to go gamble and just
make money. Like I'm I I don't I don't
ever say that it's simple. I get
wrecked. And like you said that to
clarify, we we developed this term
sando, which is an abbreviation for [ __ ]
sandwich, which is another swear word.
Sorry. That's okay. Um but cuz like when
you get a bonus, like let's say you're
playing and playing and playing and
playing and playing, and then you
finally get the six the six fireballs,
you know, and you're like, "Yeah, I got
the bonus." And you're in it, you know,
$5,000 or $500 or $50, whatever your
budget is. And then the bonus is one of
those bonuses where it's just like
absolutely nothing, you know? It's like
a a $2 bonus. Like the other day I I was
playing $50 a spin and I got a bonus and
it was like $8, you know, and I was
like, "Ah, that is a sando." Okay. And
like you said, that that so we we talk
about that like the gambling can be
brutal.
Yeah.
It also seems like people are just
trying to remove agency from the
individual now. It's like everyone's a
product of their environment. If you
watch gambling stuff, you're going to go
and become a gambler. if you go do this,
you're going to if you watch this sort
of stuff, you're going to go and do this
and you're going to become a degenerate
in that. But I think what you guys
preach is is the right way. It's like,
well, hopefully they're not. We tell
them to be responsible, but at the end
of the day, it's up to them. If they
have a problem, hit up the regulators,
not like the actual, you know.
Yeah. We're just having fun.
I watch Scuba Dan and uh Ocean Ramsay
and all these cool people that swim with
great white sharks and tiger sharks and
just all you got to do is push their
nose and they go right away, you know.
But I'm not going swimming with any
sharks, you know. So, I mean, influence
me to do that.
For me, I will say I watch your my
favorite ones are the blackjack and
bakar Tik Toks that you do. Those are my
favorite. Usually, when I gamble, I'll
put like $100, $200 down maybe once a
month, give or take. And and that's
about my limit cuz I know if I lose it,
I get really upset cuz I think a I could
have done this or this or this. So,
that's my limit. Uh, but I like watching
you when you put down like five grand or
10 grand, one hand, right? and you win
or lose it or you'll lose the five and
be like, "All right, let's do another
five. Make it back."
It's It tempts me. Like I've never done
it, but it tempts you to be like, "You
know what? It would be fun with like two
grand down and just see what happens."
The real like Yeah.
The reality is is it is kind of fun. And
here's what happens though. Like look at
this city. The casinos win.
Oh yeah.
And no matter what you think you've
figured out, you haven't. Because like
we sat down yesterday on a live stream.
We were doing a Cyber Monday live stream
and we we bet banker. Okay. And in
Bakarat there's player and banker. We
always bet banker because there's it's
going to win slightly more percentage of
the time. There's a commission and
whatever. And then I think there's like
a one and a half%
1.1% advantage to the house. Okay. So if
you played a billion dollars, you're
going to lose 1.1% of that billion over
your lifetime. Um, but we played and and
we won it came up banker eight times in
a row. Okay. So, if you were trying to
do like a martinale whereas like you bet
a 100red and then if you lose you bet
200 and if you lose you bet 400 and if
you lose you bet 800, if you lose you
bet, 1,600, you get to eight, you're
going to surpass the table limit.
And and that happens and then right
after that it was nine players in a row
and we lost all of it. [laughter] And uh
and so just just no matter what you
think, just do it for fun. But in
mathematically, you know, I mean, play
one hand bakra, you're not losing much
your cost. So like if you bet $1,000,
your cost on that would be like 11 bucks
to play that hand,
right? Is there content that you film
that you decide not to post? And how do
you decide what you post versus what you
don't post?
We post everything now. It's too much
work to go make something and not post
it. Especially it's expensive. Like if
we would have decided not to post that
loss of 50,000,
well, that just cost us 50 grand. We're
not going to post it.
And also, I think there's an
there's been like two videos that we did
that were just like like I was just so
mad and it just wasn't fun to watch.
Like there have been a couple that you
didn't
Yeah. But even those were like $10,000
losers. If we ever had anything extreme,
we would put it up. But if it was
boring, nothing happened, nobody was in
a good mood, and we lost 10 grand, maybe
we would skip that one. But yeah, like
two or three times over the last two
years.
And so how do the finances work out then
of running this YouTube channel, running
the business? I know you guys do merch.
You said that you do sponsors as well.
And then you have like the YouTube ad
revenue, but at the same time, the
overhead is whatever you play pay the
employees. And on top of that, you said
it was about $20,000 a month is the
budget that you've spent on the YouTube
channel
on gambling.
On gambling.
So far, I mean, it could be more, it
could be less, you know, it just
depends. I mean, we could hit today.
Hey, I could go play and I could get a
Delt Royal for800 $800,000. You know
that we're trying to get on the Super
Times pay machine that we play a lot.
You know, someday we'll win that
$800,000. Uh and that would change
everything. But over the last 18 months
gambling every single day, we're down
300, so about 20 grand a month.
How are you not allowed to write off
gambling losses against profit from the
business? To me,
a common question.
It's just I mean I I find that like
these there's there's some topics that
are very complex. I think they call them
politics. Uh I invol I made the mistake
getting involved in neighborhood
politics, you know, cuz uh I had a crime
incident and I was very vocal about my
upset living in a gated community with
this crime. So I decided I wanted to be
on the HOA board. Okay. And that was
like, you know, a decision that I soon
learned to regret because you're just
faced with like decisions where you
can't please everyone. But the IRS is
something that I'm not, you know, I'm
not a huge fan of of the most complex,
you know, documents or what's it called?
Doctor, the rules of the IRS. You know,
it's so complicated. How do you know
what is and isn't? and you know you
write it off and you know people get
audited and h and it's like I don't I'm
I'm not positive it's the best strategy
for getting money out of a populace but
it is what it is and according to the
IRS
and a good accountant and again check
with your own accountant but it's just
how it is you cannot write gambling
losses because everybody would say okay
I have a YouTube channel now possibly if
you can prove that you do have
legitimate income like not cuz otherwise
every every person in the world just
come to Vegas and lose $100,000 and say,
"I filmed it and I'm going to write it
off." So, obviously, you can't do that.
But, I think there are people like us,
like it is a legitimate cost of doing
business and we have active income that
we're paying huge amounts of taxes on
and it is a write-off, but um it's
actually there's there are some people
that are that are that are doing it and
taking it through the tax courts right
now. So, we'll it'll be interesting to
see how that works. In the interim, we
don't write that off because I just
don't want to take any any risk. very
I'm weirdly conservative of as a a
person.
Yeah, that makes sense. I mean, I
understand it. Uh and you're right. I
think everyone then would just film
their losses, post it on TikTok and say,
"Well, I was starting a business and my
giving him ideas."
Yeah. [laughter]
And are you guys open to talking about
like the revenues and the numbers of the
business, or is that more
right now? Oh, I mean, we're, you know,
we're the number one in the space. You
know, thanks to EJ being brilliant and
us being really, really hard workers
and, you know, way smarter gamblers than
most, you know, we've done incredibly
well. And I encourage anyone who wants
to to get into anything to try it and go
ahead and give it a give it a go. In the
beginning, you're going to get you're
going to go and make a you're going to
go and gamble. You're going to film it.
you're not going to film it as well as
EJ, even though we just use an iPhone
and a basic mic, you know, and that's no
big production value. You're gonna film
it. You're gonna lose, you know, either
not much money if you're betting really
small and no one cares, or you're, if
let's say you're betting enough money
where it's interesting, you're going to
go and you're going to make a video and
you're going to lose 7, 10, 15, $20,000
and you're going to get like four views,
you know, and you're going to have to do
that until such time as you develop an
audience. Now, how do you develop an
audience? I think that's a a bigger and
better question. Like, why do people
watch us versus there's hundreds and
hundreds and hundreds of slot channels
out there? Everybody has a slot channel
now, but there's only like five or 10
that, you know, really have a decent
audience.
In terms of percentages, if there's a
pie, this is the question, the pie,
what percentage of the pie would it be
sponsorship revenue versus YouTube
AdSense revenue versus merch revenue?
YouTube revenue would be
70%. H
and then merch and sponsorship revenue
would be
the remaining 15 15 each. So yeah,
they're about the same.
Yeah. And those are subject to change
because there's some sponsorship deals
that are starting to come our way that
that you know people are offering us
money that's really hard to turn down.
I'm imagining that you guys are having
casinos and stuff like that offering
money that is just exorbitant.
I mean the casinos are you know starting
to finally come around. That's a
fascinating discussion as well, you
know. I mean, there was a time like I
literally got trespassed, you know, like
they held up the little T.
It was like, you are hereby under
section 19246 getting trespassed in this
casino or whatever. Like, and it used to
be that, you know, that you couldn't
film. We couldn't take a picture in a
casino, you know, and now
we just did an event at a casino where
we had, you know, over a thousand people
come to the casino and the casino was
absolutely thrilled to have us there and
we get inquiries on the daily from
casinos like when could you come to our
casino, when could you come to this
casino and so forth. So, it's really
cool. It's starting to happen, but the
casinos haven't really thrown money at
us. the the slot machine manufacturers I
think are another avenue that could
would be really intelligent to reach out
to us. Uh we have a lot of influence. I
mean what how many people altogether
watch our videos? Like do you have any
stats on that or like how many views do
we get a month or how many total
subscribers? I don't have any idea. a
lot. Uh I mean long form video views in
October we did 5.7 million watch hours
and I think that was from an total
audience of over 4 million individuals I
think. I'd have to look but so 5.7
million hours
4 million gamblers watched us gamble. I
got a call today from a place. I I saw
an unknown number and I and I it was a
702 number and for some reason I was
curious and I had a feeling it might be
important. So I returned the call and it
was a hair salon. Uh, and I randomly we
made a we were making like a joke about
like something and we talked about nose
hairs and I said that there's this place
in town that like does uh nose hair
waxing and I mentioned it by name and
the owner called me because he's like,
"God, I've had so many people [laughter]
that have come in here or talked about
that you talked about us on your show
and it was literally
Jack, you could go there. a throwaway
little tiny line on one video ages ago,
you know? I mean, it's like it's it's
incredible. So, like casinos and those
kind of places, it's like
a hundred people a day come to to see us
and take a picture with us and say hi if
they find out where we're filming. It
almost becomes like impossible to film
because so many of fans who we all love
and adore and so forth come to see us.
But the amount of money that these
casinos can make from having influencers
or whatever there, it's getting to the
point where they're really starting to
get it. So, I think those pie charts
will change dramatically over the next
couple years. It's really exciting to
watch how it grows.
What makes you successful where a lot of
other people will do what you do and
fail or they'll get four views?
I'm dying to let you answer that. just
cuz he's awesome, a hard worker, smart
as heck, and you know, he's just like
his mother. And and then my other
partner, Robert, is a genius.
And anything else that you can think of?
There's so much there's so much that we
do that we work hard on every day.
Thumbnails, titles, the production
quality, the sound. Like, we will go out
of our way to go to a casino that's
slightly quieter than another just so if
somebody's watching it on a big TV, it
sounds better when they're looking. like
we get into that level of detail, but
he's so good. He's so funny.
Oh, stop it some more.
He lo he loves gambling and it and like
if we didn't have the cameras rolling,
we'd be doing it anyways. And I think
that that shines through. There's a lot
of stuff like detail stuff that we work
very hard on, but also it's just we have
a lot of fun and we enjoy it and it's
what we would be doing anyway. And I
think people enjoy being a part of that
experience.
It's Thank you very much, son. Very nice
things you said. Almost teared up there.
uh you know what it is I think if I was
like if I was speaking to any creator or
to your question
I think in everything and the algorithm
that runs the little you know the world
of social media these days you know that
that shows you what you want and they
seem to know your phone knows you and
stuff like that like the algorithms are
so smart these days and I think what
really resonates on social media these
days is authenticity
and and that's like you said so like I
authentically love gambling. I
authentically am a joker. Like we
authentically do have a really cool
father-son relationship. A lot of people
admire that. You know, I we we like each
other still. We work together every
single day. Uh I'm the old guy, he's the
young guy. Then we have the smart guy.
Like the three of us together, you know,
it that's our show. It's not me. It's
the three of us as a unit. and just the
banter and the dad jokes and the talk
about, you know, my the 70s and 80s
trivia and him not having any idea what
we're talking about. And, you know, we
have a we have an audience that
authentically relates and they like us
cuz we're real. So, if someone if some
like people do, it's hysterical.
Everything we do, people copy
everything. Like we'll play a machine or
we'll do this or we'll do a certain
thing on this and then next thing you
know, other people doing the exact same
thing. The problem is is that was our
thing and then if you do it, it's just
you trying to be me and you can't be me
because you're you. You know what I
mean? Like so, so be yourself is my
advice to any any content creator. It's
like be yourself and your authentic self
and that's going to cry. You're probably
legitimately
smart with money and you know you you
believe with every fiber of your being
that you invest five bucks in a
Starbucks from a Starbucks for 30 years
in a Roth IRA, you're going to end up
wealthy and like that comes across and
you look like a responsible young man
and that's probably why you do well. You
know, you're authentically you. You're
not pretending to be a financial genius,
but you're not. I don't you know what I
mean? So, I think that's it's it's a lot
of factors and and it and we just got
lucky and we had the secret sauce and it
just and it happened to get traction.
Why did the
I was going to say the Hakua girl like
why did that get traction but that's
that's authentically herself.
I mean she's so sweet. I played in a
poker tournament with her. Her name's
Haley. She's a very nice girl and she
was she was delightful to be around. She
was very pleasant and I mean I guess my
grandparents probably would think
talking about spitting on a you know
that's kind of crash you know but I mean
in this day and age I mean crying out
loud the world's really different than
it was and I'm not saying that that's
good or bad or it may be the end of
civilization but she was just
authentically I think out in New Orleans
having a good time and then they caught
that moment that was authentic and and
it was real and that's why it that's why
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Thank you so much to Ramp for sponsoring
this episode. And now back to the
podcast. Would you guys ever open up
your own casino?
Yes. Well, the there's there's a lot to
that like, you know, but I I think
anything I set my mind to and I think
anyone listening, anything you set your
mind to, you can do. Like I guarantee I
could raise the money. Um, one thing I
don't like is if it was my own casino, I
couldn't play there
cuz that would be against gaming control
regulations. And there's
and there has been lots of discussion
about everything from a little video
poker bar to a, you know, a big casino
in Las Vegas that I I would be very very
interested in being involved in the
casino, but it's also an enormous amount
of work and so forth. And I'm not sure
if I want to take that on. What about
you, EJ?
Yeah. No, there are multiple people who
have expressed interest in buying a
casino themselves, talked to us about
it, but I haven't been able to get over
the not playing there hurdle. Like, if
we own a casino, how can we tell people
to come there if we're not allowed to
play there?
What if you were like an affiliate for a
certain casino? Like, there was a casino
that maybe was failing a little bit and
they could use some new machines. They
could have like put some makeup on it
and then also take you guys in as part
of the marketing or something. You take
sweat equity or something like that.
Sure. Wonder if that could all be worked
out that I would be willing to bet
because I am a betting man that that
would be one of the busier casinos in
town.
Yeah, that would be that would be
interesting.
If we played there exclusively and we
were in charge of the casino and how and
the rewards program and everything, I
would believe that I mean I'm I never
have lacked um ambition or confidence.
You know, my mom was part of the 70s
self-esteem movement, but I'm very
confident if we were involved in a
casino, it would do very, very, very
well, and that would be fun if we could
figure out how we could still play
there.
And how is the arrangement between you
two, if you're open to talking about it?
I'm curious in terms of like the the
business, like do you do you guys split
the business or is there a certain
percentage or how has that worked out?
There's uh four of us involved and we
have a split
and it and everybody's happy. We've
never had that I can think of. Have we
ever had one financial discussion or
dispute? No.
We're all making tons of money.
The the division of duties is is really
clear.
I don't fulfill merch.
I mean, like like we did like how many
thousand orders this weekend?
We did 3,000 orders this weekend and
everybody except me has been down at the
warehouse like packing unpacking boxes
and shipping stuff and I just
I'm not doing it. I'm like I'm I don't
know why I'm I'm my back would hurt. I
don't know. I'm not doing it. You know
what I mean? Pay we have people we can
pay, but DJ was down there till like
11:00 at night, which I God bless you.
But I mean, saying we we have a very
very great relationship and the money's
is all is all split up. Everybody gets
their fair share. Um it's not like I
get, you know, I'm the guy on camera, I
get the most money, you know, like me
and EJ get the same amount of money.
Yeah. and he does all the editing and he
does most of the thinking and um and
then WBG does the question of the day
and adds his brilliance and it was all
because of him and him taking us under
his wing his guidance of bas teaching me
to be a smarter gambler is how the whole
channel started. So we all are involved.
How calculated is uh your playing in
terms of maybe blackjack gets a higher
engagement than slots? How do you know
what to play, what days, and what to
post?
That's you 100%.
Yeah. Yeah. Um
I try on our YouTube videos, I try to
pay attention to the last few days.
Maybe there's a story line of we played
this machine and we lost a lot. So,
we'll go back and play that. Or, you
know, we do a little bit of that, but if
he's not in the mood to play a certain
game, we won't play it cuz then it's not
fun. So, I'll just say like, "What do
you think about playing this game
today?" Because we talked about it the
other day. Let's play this. And then the
table games, uh, we usually use those as
a way to get even if we're losing. So,
like if we're losing five grand and
we're only four minutes into the video,
it's like, well, we got to get even or
this is going to be really bad. And so,
we'll go, we'll do a $4,000 hand and
hopefully win. And
it's called the get even or get even
worse. We have a shirts about that.
Yeah. Get even or get even worse is our
slogan on table games. And then short
form table games are just easy because
you can tell a story inside 60 seconds,
which is hard to do on a slot machine.
But like we don't play craps cuz EJ
finds it very difficult to capture the
dice and make the viewing experience be
any good. Uh he doesn't like video
poker. I love video poker, but he he
watches the stats and we get much more
engagement playing slots than video
poker. I would rather play video poker
all day, every day.
Too complicated. I mean, I'm you know,
you can play 99.4% 4% video poker and
you're only giving up 006%. But I people
love to watch us play Dragon Link at
$100 a spin, which probably has an
average in this town hold of probably 8
to 12%. You know, so it's much more
expensive to make the content that
people like. And then Bakrat versus
Blackjack, there are there's one place
that won't let us film Blackjack for
some reason, which I think is asinine,
but that's just their rule, you know,
and but so we always play Bakarat there.
Um, and does that answer your question?
It does. What about the dollar amount
that you play? Do you find that you get
more engagement the more money you spend
or is there a diminishing returns?
There is. Uh, I think that we found,
especially recently, betting more is
just we're not comfortable with it. Like
we bet 250 a spin the other day, we lost
50,000. It's just like that's not fun
for us. It's not within our level of
comfort. So, we bet $50 a spin, $100 a
spin sometimes. And then every once in a
while we'll go crazy as like a
celebration for hitting a million
subscribers or whatnot, but uh we try to
stay in a certain range and then we play
for a certain amount of time and if we
get completely crushed at that bet
level, that's something that we can
manage.
What's the most that you saw someone
lose?
Millions.
Millions. Millions.
Yeah. Well, over time I there are some
people that
I don't know how they do it and that and
they just gamble so massively that
there's no way that it's profitable and
maybe they're, you know, maybe they're
billionaires. I don't know. It's not in
any of my business. I think that like AJ
answer that perfectly. The only thing I
would say is that one of the things our
sweet spot is our gambling that we do is
relatable. There's a lot of people who
come into town like that I see once a
quarter or once a month, you know, and
hey, how you doing? you know, people
that I've gotten to know, and they come
here and they bet $50 a spin-ish, you
know, on a slot machine, and they might
lose 10 or $20,000, but that's a
quarterly or a monthly trip for them,
you know, we do that every day. But I
think we gamble at a level that's
relatable to the gamblers that the
casino is bread and butter, you know,
and it's just if you play $1,000 a spin
while it's like watching a plane crash
or something or a train wreck, uh, or a
something awesome, you know, if we win,
it's not relatable. So to do that every
day would be a we'd lose too much and b
it's just not relatable. But I think we
our gambling is rel. really legitimately
trying to win and it's like watching a
daily battle. Like what would happen if
you were in Vegas and you gambled? You
and your two friends gambled every
single day for now what 700 and
something days straight. Gambled. We've
documented gambling every single day.
That's interesting. I remember I went
with a buddy to a high limit room. I
think it was at uh Cosmo. We went to
this like back room where they had maybe
I I don't know. It was like the size of
the living room basically and there was
a guy there and they had two roulette
tables that were side by side. This one
guy was playing both roulette tables at
the same time.
And he was playing $50,000 a spin on
one, $50,000 of spin on the other. And
he had it automated so that the dealer
would put uh $10,000 uh chips on five
numbers on this one and five numbers on
this one. The same ones. And one would
hit and go to the other table. That
would hit, he go back to the table, and
they kept doing the same bets. This guy
had probably spent about a million
dollars. Lost it. didn't care at all.
He's just sitting there having a
cigarette, drinking a drink, just
wouldn't even sometimes pay attention to
the tables. Would turn around and kind
of chat is like 50 grand loss there. 50
grand loss there. And [clears throat]
then he got out another million dollar
marker uh like for like basically a
credit line to do that again. And then I
remember he changed the number like he
was always betting 14, never hit. So
he's like actually move the 14 like a
15. And then the 14 hit of course.
Yeah. And he was so upset at that, but
was not as upset about losing like the
million dollars that was going by. Like
a hundred grand was gone probably every
two minutes.
Yeah. Didn't care.
So if you're a billionaire,
I mean, it's just a question of how much
money you have. Now, some people play
over their over their head or whatever,
you know, they come out of their skis or
whatever the saying is, you know, and
but some people don't care. I mean, the
guy probably isn't the world's greatest
decision maker since he's smoking, like
which I, you know, don't think is good
for you. And but he obvious, you know,
he's smoking, doesn't care, whatever.
Like I a feeble attempt at humor.
Although I'm not I wish all casinos were
non-smoking, but Oh, me too. You know,
cuz it's I just hate the smell of smoke.
And I mean, go outside and smoke, you
know, but it's like I guess, you know,
so many people that make dumb decisions
like smoking also make dumb decisions
like gambling. So, I don't know, maybe
it's only 11% of the population, but it
might represent a disproportionate
number of the gamblers. Well, it seems
like that's why they also want you to
drink when you're at the table and
they'll bring you the drinks. Well,
that's because it makes you a little
looser with your money, right?
Which is illegal. Like in some states,
they don't they can't give you free
drinks. It's not allowed. Uh which like
people are like, "Yeah, it sucks here.
You don't get free drinks." Obviously,
like I've had some of my biggest losses
when I've drank drinking. I have I did a
video that did pretty well with ten
commandments of gambling and one of them
was don't drink and gamble because you
know all of a sudden you're like
drinking you're like ah I'm going to you
know what's a $20,000 marker? I'm going
to get it back. 14 is due. You start to
make bad decisions. Yeah. Drinking does
it. It that makes sense to me because
it's like if you're signing a contract
or buying something, if you're
completely inebriated to the point where
like you can't make a sound decision,
you could argue that the contract is
invalid because you were not sound mind.
I remember there's that one case of the
guy who lost I think tens of millions of
dollars and they said that the he
alleged that the casino uh he was
completely passed out but they were
still forcing drinks on him uh and then
bringing him these papers to sign to
take out even more money so he could
gamble it. He lost all of his money but
then sued the casino to try to get it
back saying he wasn't he wasn't even
conscious like and they were they were
purposely feeding him more alcohol than
he uh could take. So I don't know how
that ended up but just remind like I was
you know you're a smart young man like
that's why I go to even my HOA like
decisions on you know like landscaping I
mean like but you talk about like
running the world okay imagine if you
were the supreme ruler of the universe.
This is what we used to say to our kids
when they're little. If you're the
supreme ruler of the universe now you
know that sounds pretty bad. So would
you outlaw gambling completely? Would
you outlaw drinking? Would you outlaw
smoking? Like I I'm just curious like I
don't I'm glad I'm not the person
running the world.
Yeah. My my bet is that there probably
should be a limit that they shouldn't
outlaw drinking entirely but say okay
you're you know you could you could have
three drinks on the house
0.08 certainly drive. Oh you mean a
limit on drinks at the casino?
Yeah. So they they'll bring you free
drinks.
Okay.
But everyone gets two or three.
I see.
After that you have to pay for it. And
maybe if you pay for it, there's that
little bit of a barrier now that
now it's on you because I know like like
I have a hard time turning down free
things. If something is free,
it's already on you, man. Like if you
have a hard time turning down free
[laughter] things, fix that.
I'm just saying. But but they could give
three of them for free and then
everything after that. So
he's addicted to free things.
But if someone brings me food, like
dessert is the worst. I don't like
dessert. I prefer not to eat dessert,
but if someone brings me a dessert, it
would be rude now to turn it down. Like,
like we went out to dinner the other
night and the guy brought us a dessert
and I'm not going to say, "No, I don't
want that." It would be So, I ate the
dessert.
So, if I had to pay for it, I wouldn't
get it.
Yeah.
So, at least for me, give a little bit
for free, but then stop it there. That's
what I would
I these decisions are very, very complex
and out of my pay grade, you I mean,
like, like I say, I all I guess we got
on the t cuz I wish that there wasn't uh
smoking in casinos cuz I don't like the
way it smells. And it gives me like a
headache and I think it's terribly sad
that some people have a problem with
alcohol and get completely hammered
drunk and then do stupid things that end
up impacting their families and their
lives. I think that's terrible. But I
guess, you know, it's a weird thing and
I I don't know. Do do you know are we in
charge of our own destinies or do we
need you know a government or some
lawmaker to tell us what we can and
can't do?
Where where do where do you draw the
line? Because I noticed in a lot of
casinos that they that they pump oxygen
into the air, right? They make it
confusing.
They say that I mean I don't know.
They intentionally make them confusing.
They Yeah. No clocks, no windows. You
can't tell like what time it is. You
lose track of. So, so they're it's
designed to like keep you in there as
long as possible. But where do you draw
the line between like them
I don't know have having an advantage
over like the average person like I
don't know.
I'm just glad I'm not in charge. All I
know is I enjoy it. I like going I like
getting free dinners. I like free
desserts. I usually get like five spoons
or six spoons depending on how many
people there and everyone takes a bite
cuz you know no one likes carbs cuz you
see it on your newsfeed. Carbs are bad.
You know you should just eat meat like
the liver king. You said he was on your
show.
He was. That's awesome. Isn't he like a
one of those meat eater? He's a
new He just eats raw meat.
Yeah.
I mean, listen, I don't eat cooked meat.
I don't know what he does behind the
scenes, but he brought us basically an
animal that was raw.
Every particle, liver, kidney.
Jack loved the testicles.
Yeah, [laughter] it had it had
everything on it. Yeah. Testicles
honestly weren't the worst out of all of
them. I think it was like the kidney
cuz it processes the urine. So, it kind
of tasted as you imagine urine would
taste.
Really?
Yeah. kidney was.
Did it taste like your antiogram cuz you
I know you don't taste of liver, but
Yeah.
Yeah. Yeah. Liver was also iffy. I'm
curious. This is a bit of a tangent, but
like you've mentioned before on a
podcast, you know, you're young, you're
making a lot of money, and still you
drive this like Toyota truck.
Yes.
Is there any particular reason why you
don't want to maybe spend a little bit
more of that money? Cuz I imagine you
have plenty in excess.
Uh yeah.
I don't know. I just don't care enough.
Like I was driving my mom's car. He
bought my mom a new car, a Range Rover.
Range Rover Autobiography. It's
unbelievably nice.
Wow. Range Rover actually uh they
sponsor us.
Oh, cool. Shout out the autobiography.
Very hard to get the plug-in hybrid. We
had to wait like 9 months to get it. Go
ahead.
I was driving it. It's so nice. And I
was like, I got to worry about parking
it next to another car and what if like
I have my pants are dirty and I get the
seat dirty. I just don't care about the
car enough to deal with the stress of
wanting to take care of it or worry
about speed bumps or anything like that.
But yeah, I could. And sometimes I'm
like, "Oh, should I get a nice car?" But
no, I don't I don't care enough, I don't
think.
And what about girls?
Yeah. What about them?
Like like dating as a younger guy, you
know? Yeah.
Making a good living. How do you Is
there any sort of issue that comes with
that? Like if you were to get a nice
car, maybe you'd be attracting the wrong
type of person.
I think I mean, I don't think so. I
think I have a fairly good filter on
who's a good person and who's a bad
person. Um, but I try to be aware. Yeah,
this kid is so freaking smart. It must
be like an old soul or something like I
mean I I don't sort of make it
interesting. Well, you probably was
going to shut the hell up, but yeah, but
it's like like how logical he is about
like cars and stuff. He's he just
doesn't care. He doesn't need anyone's
validation, you know? It's like, yeah,
could be dating supermodels, you know,
whatever. Like, and then he'll be like,
yeah, and I maybe I' I'd probably get
her pregnant or get an STD and I I just
don't care that much. It's like he's
like, you know, he's had like long-term
relationship, very nice girls and not
like some ridiculous body count. I don't
know. That's probably a level of detail
you don't want to go into, but you know,
like those, you know, those like those
those guys on the reels, they go they
walk up, they go, "What's your body
count?" You know, like I mean like and
it's like it's interesting. This kid has
an insanely good moral compass that he
got obviously from his mother and uh but
that's interesting. Did Did he ask you
that question? Because I'm always
sometimes
he's always pushing me. He's like, "You
should."
Yeah, cuz you guys seem kind of
antithetical to one another. We're like,
I'm not saying that you're like, you
know, like not responsible. I'm just
saying
I'm a complete lunatic and he's like
completely normal. It's really
interesting.
But he is still like, you know, you open
up your pockets at the g at the casinos,
like you still spend money there, right?
No.
No, but DJ's not in on the game.
No, that's part of our agreement. I
don't know if we've ever actually talked
about that. I don't take any of the
financial gain or loss from the
gambling.
That's me and WBG. So, so, so he's he
does all the editing, which I like
in the beginning it was like I'll do the
work, you do the gambling. That's how we
started it. And then I mean like I could
afford,
but I don't. Yeah.
I mean once in a while like you know
like we'll do something and then EJ
might take like if it's if it's a really
good something good he'll go you know
I'll take 10% of the action or like we
do we constantly do side bets like is it
going to be blue or is it going to be
green first? All right. I'll bet you 500
bucks it's blue. Sometimes he gets in on
the action, but he's not a He doesn't
have a gambling problem. He doesn't have
a womanizing problem. He doesn't have a
car problem. This kid
So, what problem do you have?
One of them. He's hiding something.
Boring.
What What would you say your biggest
problem is today?
What to do with all the money, Tony?
No, I don't think I'm very grateful in
life right now. I don't have any bad
habits or anything like that. Uh I work
too much probably. Like it's a problem.
No, I don't think so.
Yeah. Do you like going out?
No, I don't.
Why not?
I I don't I don't It's loud. I would
prefer to hang out with my friends at
home or like go on just do things where
it's not so loud. I don't like getting
hammered. I don't like how you feel the
next day.
It's the same as me. I hate crowds and
this is why I watched your videos for
years probably.
I hate like loud places. I really don't
like that.
It's a not a great use of time. I think
it's these are all good questions. It's
a great parenting strategy. No one's
entirely worthless. You can always serve
as a bad example. This got a great kid.
All I had to do was be bad my whole life
and he turned out good.
So, what sort of comps do you get from
the casinos? Like what's the craziest
thing that you've been offered?
Super Bowl tickets. I think was one of
the coolest like like four killer Super
Bowl tickets last year. That was one of
the most fun times we ever had.
Casino.
We can't say.
Yeah, we're not supposed to say. I don't
think I mean not that I wouldn't. They
just they just they just they just don't
say
because they have a finite amount of
them and so if like other big players
didn't get them and we got them
they would just be like why did they get
you know they don't want the drama.
Interesting.
Yeah.
I say that but that and then the jet you
know like some casinos have a jet and I
think I envision I I dream of a time
where either I have my own or I only go
to events where I get flown in their
jets cuz they have them.
So what was that like? Like
it's so cool. Can you say what casino
offered that or No, you can't.
Same thing. I don't I don't I don't
Yeah.
How does the jet work though? Because
you live here.
Mhm.
Where did you fly? Why would
I mean you fly to There's There's
casinos everywhere now. I mean, there's
literally casinos everywhere. Like
Oh, so they flew you to another casino.
Yeah. Yeah.
So, there's casinos everywhere in in
this country now. It's It's interesting.
I went to I went to Northwestern and
great hospital, by the way. got had a
had to have a surgery and there was a
there was a casino like right there in
downtown Chicago like literally like a
block from the hospital like I was
supposed to stay in bed for a couple
days got bored the next day after
surgery I went down to the casino took
it easy was just sitting there pushing
buttons didn't restrain myself doctor uh
I mean I'm in Indiana visiting my
friends in Indianapolis you know we went
to the Indie 500 started raining I left
before the race started we go ah what do
you guys want to do there's a casino
nearby we went to this casino in
Indianapolis there's got Minnesota to go
fishing. You know, we're like, "Hey,
there's a casino. Should we stop there?"
There's casinos everywhere. So, they
they fly people.
What's So, I see this guy Ryan Treyan on
YouTube all the time, and he makes these
videos going to the worst rated Airbnb
or the worst rated something like that.
That would be kind of interesting. I
don't know if you guys have done
something like that or ever consider
going to like the the worst rated casino
in Vegas and then like going crazy
there.
I don't know if they'd want to be called
the worst rated though.
That's okay. That's that's a fair point.
But I know like and then you know you
could give it an honest objective review
or something like that. But that would
be kind of interesting seeing I don't
know something completely different.
You never there's never a shortage of
ideas. I mean EJ's been incredibly smart
about what to say and not say and do and
not do. That's why we never go live,
you know, on YouTube. A lot of people
say, "Oh, why don't you guys go live?"
It's like just too valuable to us. You
know what if you said something dumb or
you know like and you don't want and
then and then we might say something is
taken out of context. That's why I get
concerned um you know with podcasts like
doesn't mean just what you know I don't
want to ever say anything dumb or like
say people say oh he was mean to that
casino and then someone might say like
well then gosh if he said that bad thing
about that casino I don't want to he
might say bad so we never say anything
bad about we never say anything bad
about any casino and I don't I don't
heap praise on any particular casino uh
you know I mean unless and until such
time as they know I
own that casino or I have an exclusive
marketing rights with that casino and I
get free desserts forever or whatever
the case may be that makes me so happy
about that casino that I might say
something. But I mean, we're we try to
be remain neutral and say, you know, I'm
out. Does that make sense?
Yeah. And gambling, I kind of just
thought, is is one of those hobbies,
too, that you can continue doing if you
do it responsibly for a long, long time.
Yeah.
So, technically, I mean, this could be
going on for a good amount of time.
I'm like 90, you know,
what do you want to play today?
Yeah. Just rolling you.
I'm on the oxygen.
Yeah. [laughter] Well, here's what I'm
curious about because if you say you
lose 20,000 a month in losses, I bet the
comps have to far exceed what you're
losing.
Yeah, that's you you do a great talk on
this.
Yeah. I mean, someone
made that that the central point of
their uh of their clips that I saw of
it, you know, or their title is like,
you know, make $250,000 worth of dinners
or something like that. I mean, hey, you
know what? The the the comps are great.
I mean, I don't pay for meals. I don't
pay for drinks. I don't pay for uh
whatever else. I I you know, oh, like
tonight I'm going to the Knights game
and I'll be in a suite and there will
be, you know, it'll be like the best
seats and it'll be fun and there'll be
free food and drink and I love that kind
of stuff. You know, we go to UFC that we
get great seats, the rodeo, you know, I
mean, I get called, "Do you want rodeo
tickets? Do you want this? Do you want
that?" like every cool event, you know,
we get to go to and we get great seats
and that's a lot of fun. I'm trying to
think what else there is. Food,
beverage, rooms, you know, it's like I'm
like, "Oh, you know what? Can I get a,
you know, a ridiculous suite because I
want to go and have a few friends over
like we happen to be here right now.
Sure, no problem. Let's see what's
available." Oh, walk in. There's like,
you know, 5,000 foot suite. You know,
it's really cool. Again, EJ would never
do that. He never he he doesn't like to
go out or anything like that. I love all
that stuff. So, I get a lot of value.
It's like being a member. I've used this
analogy before. It's like being a member
of a country club. If I let's say I
spent $250,000. I don't There's a
country club here. I think I don't know
how much it is. Like the good ones here.
Uh
the summit,
let's say probably cost a quarter
million bucks a year, right?
And so they get to go smoo at the summit
and go down there. I mean, I'm sure the
networking there is, you know, they're
all billionaires. That'd be great, you
know? Uh, but it's like being a member
of the casino country club. You know,
you get to you you it's an investment in
a lifestyle. That's one way of
justifying. You know, gamblers are great
justifiers, but yeah, there's some
incredible comps. What's the most that
you've seen somebody else win?
Um, well, a friend of mine came here for
his birthday recently and hit the
million uh at the win. And
wasn't it like 1.5?
Yeah, it was the one. It was like a lot.
But, you know, he's playing $2,500 a
span. He he texted me. He said he said
he won a half a million the other night
at the Bellagio. You know, again, but
these people who you hear these huge win
stories, you understand they're they're
like spending as much as $2500 a spin on
these machines and in 10 minutes you can
lose 100 grand.
It's 400 bets, right? 400 bets. 400 bets
is a million. Yeah. So, 400 bets on a
slot machine. you can lose that easily
in a day. So when you hear about
somebody winning a million at 2500 to
spin, I think it's all relative to how
much you're betting.
I know people that have their lives have
been ruined. I mean, just that's the
thing. And really, again, if you know,
for a clip, the most important clip
would be do not [clears throat] think
you're going to get rich gambling. Okay,
it's the odds are infinitely stacked
against you. I mean, Matt, they're
they're they're stacked against you.
I've seen people's lives ruined. And
again, I'm not condoning it. I think
it's terrible. I got people who think
they're going to win if they just keep
playing long enough they're going to hit
the million and literally lose all their
money and end up driving Uber. Not that
there's anything wrong with driving
Uber, but I'm just saying someone going
from having millions of dollars to
driving Uber. Like that's a shame. How
do you stop that cycle? Because I've
seen people like that where it's almost
a compulsion where they they feel like I
have to do this or if I lose five grand
I'm going to get it back and it's like
that digging themselves like deeper and
deeper. Have you noticed like certain
personality traits are a little bit more
like
this young man asked a lot of very
serious questions. But here's the
reality like okay look at drug
addiction. Look they have gamblers
anonymous you know I mean there's
meetings you can go to. It's like I just
can't stop snorting cocaine you It's
like, well, just don't do it. I I don't
know how. I mean, literally, you I can't
solve all the world's problems. I can't
even solve all the problems in my HOA.
You know what I mean? I mean, and I I
keep bringing that up cuz it's funny and
it's current as in my life, you know?
Like, it's easy to criticize and it's
easy to say like, well, this is this is
a problem, but there's always like two
sides of a coin. Like, it's like, okay,
yeah, uh, gambling is bad and lives have
been ruined. All right, all casinos
closed in the entire world because some,
you know, some idiot can't stop
gambling. Like, is that the right
answer? I don't know.
But, I mean, if they're watching it now,
I think it's important to educate
yourself about gambling, what the real
cost of it is. Be responsible. And if
you do lose, don't chase it. Something
that we always talk about is like if we
lose 10 grand, it's so easy to lose
another 10 trying to chase it.
One, you just have to book the loss, go
home,
or do a get even get [laughter]
then book the loss after the get even or
get even,
right? Yeah. You lose five, then you
lose the $5,000 get even getting even
worse. Then you book the loss. Well, I I
don't know what our limit is, but I'm
just saying learning how to book a loss
rather than chasing. It's very important
in gambling. Being able to go home,
shake it off, reset, and continue to
play the size that you are budgeted to
play is really important.
This is a great question. When do you
walk away when you're up?
You can't. No, I'm just kidding.
[laughter]
You can't leave a hot machine. You can't
leave a cold.
For me, it's that's the hardest part is
to walk away up. Yeah,
because I then feel like all the profit
that I just made now it's free
and now I can just play with that
because you know I'm not going to lose
what I put in.
Yeah. WBG, our partner, he has a great
line. He says there's no such thing as
house money. When the money moves to
your side of the table, when the money
when the credits are in the machine and
they're yours, that's your money. And
yeah, you can't think of it as house
money because then you start betting
bigger and the house just has a bigger
and bigger edge. As soon as you have the
money, it's yours. And you have to look
at it that way. It's kind of shift in
thinking, but and it's hard because
let's say you hit your number on
roulette and you're up a thousand
immediately. You're like, "Now I got a
thousand." Well, that's your thousand
because you took the risk to get it and
you already, you know, you gave the
casino the edge and now you have your
reward.
You're just going to give them more edge
if you play more or bigger or anything.
Very well said. On our long form on our
YouTube channel,
there's there's a lot of education. And
WBG is an absolute genius on gambling
and he and he just and cuz he's he's
devoid of emotion when it comes to wins
and losses, you know, cuz he just knows
like like we'll lose a $10,000 or like
an $8,700 hand or whatever of Boat. Like
we're doing our 870,000 subscriber thing
and I forget if we won or lost that one,
but what went well? Okay. $8,600. We
lost. Yeah. Okay. So, we $8,600 hand.
And I and I I get just so I hate losing
$8,600 hand and I'm like so emotional.
He does not care cuz he looks at it like
like EJ said earlier. Let's say it's a
1.1% advantage.
Playing an $8,600 hand. He he he he
detached from the result. He looks at it
as $8,600 time 1.1%.
So it cost, you know, $88.30.
And it's like how how upset he going to
get about losing 8830 cuz he knows if
he's he's not that's not the last hand
he's going to play. So really he lost
what was the house edge and he's so such
a mathematical thinker whereas me I'm
like emotional roller coaster you have
to be like
so I'm always talking about the high
water mark to your point
I got to quit learn how to quit at the
high water mark and I think and again I
believe in superstition I'm like a tip
gambler I like in my gut
I know when that high water mark is now
in our case we have to keep playing more
because we can't just say today's video
is 2 minutes long you I was like, like,
why you do it on the treadmill? It needs
to be 45, you know. So, like last night
when when I was uh over at Red Rock, I I
got uh was playing Ultimate X, put uh
500 bucks in the machine, and in a and I
had a pretty good bunch of multipliers,
and I got dealt four kings, and I I had
like $2,700.
And I said to myself, "Self, you should
quit. You just won two grand, 2,200
bucks. That was that was easy. You
should quit." I'm like, "Ah, $2,000
floor." And then so I keep playing
2,000. I'm like, "Ah, my floor is a
little flexible. $1,500 floor, $1,000
floor, $500 floor. Hit the floor. Put
another thousand in." Like, that's what
people do. They You get when that little
voice inside your head says you should
book this win, listen to that voice.
Take the money, go to the spa. Oh,
that's another great free compass. Free
spas, free massages, free hydroacials,
free pedicures. There's great spas here
in town. Take your wife shopping. Buy
her a, you know, a present. Go to the
spa. Book the win. Go to the airport and
go home.
When that little voice in your head or
most in your gut tells you that that's
the high water mark, it usually is.
What's your craziest gambling story?
Everyone's seen it. I mean, we were at a
certain hotel playing $1,125
a spin, and it was a few of us, uh, WBG
and a few other buddies, and we're like,
"Okay, we're going to play this, and
we're going to try to hit this
progressive jackpot. No matter what, we
were going to hit it." And we got down
$310,000,
and you guys may have seen it. And we
had to take multiple trips to get more
money. And we were there for 7 hours or
something like that. And it was just
insane.
And yeah, I think that was probably the
craziest. There have been some since
then similar. We won 130,000 doing
something similar, but like the, you
know, everyone talking and going to get
more money and bringing it to the casino
and it was just it was fun.
I watched that video and I remember you
putting in like 50,000 30,000 at a time,
losing it and be like, "All right, we're
going to get How do you get more money
in and that amount like 30 grand? Do you
just go up to them and they they
do you wire the money or how does that
work?" There's a lot of different ways
to do it. You know, credit lines are
probably the safest way to do it. I I
have like credit lines at most of the
casinos, but I mean, you know, you get a
point where like, let's say at that
particular casino, we only had access to
a h 100red grand and we needed another
100,000. So, you know, you either have
to go to the bank. Wow.
Or you have to go to another casino and
get take a mark. That gets a little
tricky, but uh can be done. And uh yeah,
or or have someone else come down who
has has a credit line there. You know, I
mean, it's it's there's ways of of doing
it.
It sounds like in your videos whenever
you win or you lose or you add a
multiplier, like there's like a lot of
murmurss and like kind of like chanting
or cheering behind you guys. Is there
typically a crowd of of fans or viewers
that kind of like start accumulating
when you're gambling
more and more recently?
Yeah. Cuz I I've noticed that a little
bit. How is that is that a pretty quick
thing like as soon as you sit down or
[snorts]
depends? I mean, it's getting it's
getting to be pretty uh it's getting an
integral part of our like production
because it because you know, I had an
interesting story where I was at the
Conor McGregor um
Floyd Mayweather
Floyd Mayweather fight and I was in the
restroom and I was peeing and there was
a guy next to me who weirdly I was
talking to because it was very crowded.
I don't know just he was wearing a hat
and we were just chit cchatting you know
it was a very exciting atmosphere and he
was very friendly and we were talking
and washing our hands you know we were
talking about the fight and the afterp
parties and this that and the other
thing and it was just like a normal
conversation and then we walk out into
that little thing where you walk into
the arena and then they stop you cuz
it's the national anthem you know and so
we were just all standing there in that
tunnel to go down to the cool people's
floor seats right and I look at the dude
I'm like that guy looks familiar and I'm
like, "Wait a minute, that's that's Leo
DiCaprio." And uh I'm like, "Oh man,
you're Leo DiCaprio." And I'm like, "Can
I get a picture?" And he looked at me
and he's like, "No thanks." And and it
was cuz I but and I thought I I go,
"God, that was kind of, you know, mean
or whatever." Like but I think it
probably gets a little bit annoying. But
so I am so gracious with people all the
time. Like I get stopped 10, 20 times
even if like I'm trying to walk through
a casino, you know, in a hurry or
whatever to pee. And I always take
pictures, always give out stickers and
and keychains and different stuff like
that. But sometimes, you know, you're
not in the mood. You just lost 50 grand.
Your wife's telling you to hurry up and
get home. Maybe there's been one time
where I was like less than friendly. I
don't I I don't think so. I try not to
be, but I'm telling you, someone I think
it was like John Lennon said, "Everyone
wants to be rich and famous. Trust me,
it's better to just be rich. Um, so with
regards to the crowds and the filming
and stuff, it's super fun and it's super
cool and it's super flattering and we
love that everyone watches, but now
we're more and more we're having to have
like the casino manager or security or
someone say, "Hey, wait till they take a
break." Because if 10 people come up in
the middle go, "Oh man, I love you
guys." In the middle of our filming, it
gets to be kind of weird on the video.
So
that's long answer to short question. My
thought on it has always been like we
love everyone and but when we're making
a video, we have to prioritize the half
a million people that are going to watch
the video and we will take breaks when
we can to talk to everybody that wants
to say hi. But the crowds are cool,
especially when we have a big bonus and
everyone's yelling. Like they're not
like interrupting our conversation, but
they're cheering when we win. That's
fun.
Yeah, no one hates that. It's
Yeah,
99% of the people are totally normal.
Then there's that, you know, it's always
the there's there's there's a couple bad
apples that, you know, are strange, you
know, it's always the ones like the with
bad breath that want to tell you
secrets, you know,
got to get really close to you.
It's like, what is it with people that
just don't know how to floss that are
insistent of talking so close to you?
I've never understood that.
For me, it's always the people that
shake their hand but won't let go of
your hand.
Really bugs me. And they keep holding on
to it and I kind of pull back, but they
still like hang on to it. Or they hold
your hand as they're telling you
something.
Oh, they won't let go until until you
listen.
Oh, let me and and then they keep
holding it.
I don't know. It's just it's
interesting. But we love the we love the
fans and everyone's so so cool. They
come we watch you guys every day. We
feel like we know you and like we, you
know, we love it cuz
Why do you think your audience is so
dedicated? Because I've noticed of all
the segments of YouTube, the the
gambling channels have a very dedicated
audience where people watch consistently
every single video from start to finish.
And these aren't short like five minute
clips. I mean, these are like hour-ong
videos daily.
Yeah.
Why?
It's a great question. I probably should
have a better answer as to why.
I think there's a lot to it. uh they
become invested in us as people because
we really put ourselves out there.
They're invested in the gambling
storyline. How'd they do today? Did they
get their 15,000 back? There's so much.
And I think as someone who plays slots,
they get invested in like as soon as you
start playing, it's like, okay, well,
are they going to get the bonus? And
then they got the bonus. Now they have
this extra 7,000. What are they going to
do with it? So, it's like there's so
many different things that just have
such strong pull through through an
entire video. Plus the personality, the
conversation. There's a lot to it, I
think. But again, I should have had a
better answer for that and I should
think about it more.
Yeah. So, if it depends on if you're
talking about Argar videos or like
gambling videos in general, both. Yeah.
I mean, like gambling videos in general.
I just think like I watch them, you
know, like I I watch the I watch the
short form, you know, like which I think
a lot of people just watch the short
form and that's easy cuz it's like, oh,
that guy bet $100,000 on a roulette
spin. I'm gonna see if he won or lost
because I like the reaction like when
they win it's like ah when they lose
it's like oh you know so so and it's
only 30 seconds or 60 seconds you know
for a short um the long form I think is
a whole different animal you know
someone's not going to watch a 60 minute
or a 45minut video unless they're
interested and like and so then to all
of EJ's points you know like ours is a
lot more than just gambling and we talk
about everything
what's the most you've bet on a single
hand
2000 000 I believe
40
two hands of 20, remember? Yeah, they
the table limit was 20. We We were being
silly and like we lost like a $1,000
hand and then we okay, let's bet two and
then we said, "Okay, let's bet four." I
know that math doesn't make sense, but
we might have jumped to like 10
or we maybe Yeah, we maybe we lost the
four. So, we're we're we're out seven.
So, we bet 10 and we kept losing. So,
then we bet 20 and then we lost. So, we
lost like five in a row and now we had
lost almost $40,000. And so then we we
decided we we had we're almost out of
money. We we decided to bet 40,000 and
we couldn't the table limit was 20,000.
So each two of us did 20,000 each on a
hand of Bakar.
Yeah. Bakra
and we won.
But I mean we could have just as we had
a 50/50 chance because because it it's
never due. That's the m people think
things are due. It's never due. No,
I don't know what the world record is
for number of, you know, player or
banker hands or or hands where the
dealer wins in blackjack, but it's a lot
and it's more than you can double, but
we got lucky and we won that hand for
40,000. What are your thoughts on online
casinos?
We are partners with FanDuel Casino and
we do have thoughts on them.
Yeah.
Would you like to share them or do you
want me to?
I'd like to hear your thoughts about
I think that in the United States there
are only a few regulated real money
online casinos. is FanDuel Casino. There
are a few of FanDuel Casino's
competitors. They're legal in five
states. And everything else that is not
that is operating in a sweep stakes gray
area, which we do not want to venture
into. So, like you can't gamble here in
Vegas online. When we do make videos on
FanDuel Casino,
we have to fly to a state where it's
regulated and then we set up and we play
and it's a lot of fun. I think that just
like anything, you have to be careful.
You have to make sure you don't go
outside of your budget and everything.
The access to online is a little bit
easier. So, you might want to even be
more careful about it, but um it is fun.
It's cool. And yeah,
and also like you know the RTP, the
return to player. Yeah, this is good. on
online casinos, the legitimate ones, uh
that again that you know just the states
like what EJ said, the RTP is actually
higher
uh almost across
RTP is return to player
almost across the board. So like if I
play the if you play the same game in
the casino in a in a landbased casino
versus online, you're actually have
because they don't have the overhead,
they don't have to pay dealers, they
don't have to pay this, that the other
thing like so they have a lot less
overhead and they they actually pass
through. Now, the player's still going
to lose, you know, but if if you're like
only losing 3% uh per spin instead of 8%
per spin on an identical game, the
online casino is actually the better
move. I also like it cuz I can play in
my pajamas. I also like it cuz nobody
smokes. Uh, you know, there's a lot of
things I like about it. I can play
Ultimate X uh 10play bonus poker on my
phone. I was playing they they sent us
to a Detroit uh Pistons game and I was
like on courtside. I don't really care
about the game that much and it was a
blowout. So, I was like playing video
poker on my phone while I was watching
the game and for real money for like
like you can bet a lot. And um and then
there's certain casinos that you know
like I say that that are maybe like in
in another country might be legal but
not in the United States. So
why why is it so like banned in all
these states except for five? Like
what's the reason behind that? I think
the landbased casinos probably lo lobby
very heavy against it. Yeah.
It's all politics. Everything you
everything you ask is is is all like
these are not my decisions, sir.
You know, like because because you got
lobbyists, you got all this money in the
land-based casinos, you know, and and
it's like, oh, who's going to pull the
strings, you know? It's all the it's all
the the people who make the decisions. I
think these are our senators and our
congressmen and the president and so
forth. and and it's all very complex.
Every issue is extraordinarily complex.
Like I remember in California, I was
very confused. Uh I went to uh like I
forget what
Pachchunga resort they they didn't have
dice. Like dice were not allowed in
California, right?
And so they'd use cards instead. And
then I would look it up and see, well,
okay, it's because it's on an Indian
reservation. There there was some sort
of regulation that was passed decades
ago about not using dice.
Imagine. Yeah, they have like roulette
wheels with cards. I've seen them.
They're weird,
right? It's the same thing. Like, it
doesn't make sense.
Yeah. People will find a way around it.
It's all It's all very complicated. And
I'm I'm certainly glad that I don't make
the decisions. But yeah, like why is it
illegal legal in one state, not in
another, you know, online gambling is
huge in other countries, not here, only
in five states, the other states, you
know? I mean, there's interest, there's
lobbying, and eventually it gets to the
point where the lawmakers make the laws,
and then all we have to do as the people
of the citizenry of the world is follow
the laws as they're written. If you can
figure them out,
Dana White's dream, as he said, is to
put is to play $1 million hand. That's
what he said.
I don't know if he's been able to do
that already. I saw that.
He wants to he wants to have a 30
million line of credit and be able to
play a million a hand against them. So,
like he I think he would be able to get
just $1 million handown probably, but I
don't think anyone wants to take the
action like a $30 million swing against
him at those limits.
It could ruin a casino's quarter. Like
MGM I read uh or maybe was
When you ask why not, you sound like a
you sound like WBG cuz he knows he's
like, "Well, we're winning. We would be
have the edge against him." But
but you could get beat like they're
like for shareholders and stuff like
that.
It's just lucky. Like I mean you can
have all the people sitting there
playing a dollar a spin, you know, and
drinking free cocktails and and so forth
and so on and you have one whale that
comes into the high limit room and beat
you for $90 million. You got
shareholders to report to and so forth.
So, if Dana, who's a really lucky guy
and, you know, he has just like leaves a
charmed life, you know, knowing him,
he'd get a $30 million credit line and
he'd go in and he'd get on a total
terror and he'd win like $100 million
and like, you know, cause the stock
price of that that casino to drop or
something. That's probably what
and then he'd probably never play there
again. But like big gamblers will make
deals with casinos where they will say,
"I agree to play for this amount of time
if you give me this limit and I'll play
over a certain period of time and then
they'll get those sort of deals
approved."
Wasn't there a guy who negotiated with
the casinos slightly where it was in his
favor and they never did that again? I
read a story about this.
I don't know if I've heard that story.
He brought in like $20 million, but he
said I'd play under these conditions and
they really wanted this business.
That's Phil Ivy. Is that Phil story? Uh
he was I think there were the cards were
marked slightly where he knew he had an
edge. They weren't aware of it at the
time. I don't think the casino
I thought there were there's so many
weird rules where it gave him like a
quarter of a percentage point in his
favor. But but they wouldn't think about
it like the dealers can't hit on this
soft 17 and
again like we're not the encyclopedia of
gambling. And by the way like we're not
whales like we don't ever do any of
these things that that huge gambles.
These are whole different levels of
people. There's two different things.
Like he did did say like, "Okay, I want
I mean something like I want an Asian
dealer and I want uh this this brand of
cards and I want, you know, whatever."
Like he he had things that would like
Yes. Yes. Yes. Yes. Yes. But what they
didn't know is he he could look at the
edge of the cards and tell if it was a
face card or not or something like that.
Again, this is this is public
information, I believe. Like I'm not
claiming that those are the exact facts,
but I'm pretty sure that that's the
essence of it. And I I know that there
was a court case and so forth and they
didn't pay him something or he was, you
know, it was a it was not a happy thing
for anyone involved.
So if that's Dana White's dream is the
$30 million line of credit and $1
million hands, what would you say the
dream of Vegas Mad is? I like having fun
and so like the my dream like we had so
much fun in uh Michigan and we did an
event called a night with Vegas Matt and
it was a 1300 seat theater and we had a
thousand people on the waiting list and
uh we went in and I've always wanted to
be a like a comedian entertainer. I was
in the movie business briefly. I love
being on stage and seeing my name in
lights. was so fun. E bringing EJ up on
stage and WBG and W2 Jesus, my whole
crew and then all these nice people who,
you know, came and and we had this the
most fun. We gambled together. We all
went out on the casino floor. The place
had like one of their busiest nights in
history. I enjoyed the heck out of that.
And my dream would probably be to have a
jet and cuz I don't like going through
TSA and fly like from casino to casino
at a reasonable pace like maybe like one
a week or something like that, you know,
and then just cruise around the world
with my kid and my friends and and
gamble and have a lot of fun. Like
that's kind of fantasy-esque at the
moment. not that terribly far off
actually, but you know, and and I can
see that happening, but gambling wise,
like we've talked about a million-dollar
hand for a million subscribers and I'd
like to do it and we could do it.
There's a 50/50 chance we'd either win
or lose. You know, the thing we got
concerned about is one, it is hard to
find a casino that will take a
million-doll hand. And then the other
thing is is it would be amazing if we
won. And I've talked to a couple casino
owners and it's like, yeah, you know, it
would be great if you guys won and then
if you lost, it doesn't look good
either, you know, and it is not good for
either of us. And so that was a that was
a dream that has not come to fruition.
And I'm not sure that the million dollar
hand will.
Bet you could do $150,000 a hand and
just do, you know, however many
casinos or something at one
or Yeah. I mean, there's a lot, but I
just don't know that, you know, that
we'd get the bang for the buck or what
if it's worth it. You know, EJ comes up,
this is the thing. He comes up with a
new idea. He and WBG sometimes I have a
little input with a new idea for
something actually interesting to watch
every single day. I mean, it's how many
people have a a 45minute a day TV show 7
days a week for 750 days straight. It's
there's a lot of creativity in that
little brain of his. And so, he just
keeps thinking of of ideas. And I'm sure
we'll and if you guys come up with any
great ideas,
by all means, let us know. you know, we
can execute as long as as long as it's
legal and nobody gets hurt and there's
What's your biggest insecurity?
[laughter]
Being asked a question I can't answer.
Uh my biggest insecurity, I don't know.
I think I got over most of them, but uh
like I was I was pretty insecure about
being like totally fat after that one
podcast that where like they had like 10
cameras on my you know my jowls, so I
like lost like 50 pounds. Like
was that was that really the catalyst?
Yes, you should have seen it.
Did you get comments or anything?
You're welcome. You're welcome if it's
be funny. I've done this. You're welcome
to pop it up like from that from Dylan's
podcast. Like just find like the worst
angle of me.
I looked like a frog neck. I mean, it
was absolutely I just was like, Matt,
step away from the food, you know, cuz
it's like I like went to Vegas. I gained
a lot of weight because I like you get
free food. Like I'll take the uh ribeye.
Uh oh, the cream corn. Uh you know, can
we get that seafood tower? That was
really fun last time. Uh what else
should we get? The scallop potatoes here
are just unbelievable. Uh do you want
some scallops as a side? Anyone else
want anything? Anything at all? Like
let's just cuz we just lost 20 grand. I
want to eat 20 grand of food. And it's
just like Yeah. So I don't know. I don't
get too vulnerable here. So, I don't
know what you know where you're going
with that, doctor, but uh what you know,
is there
How did you lose the weight? Was it
purely just cutting back on eating or
was there like a workout routine or did
you
Well, I would like to I would like to
have a sponsor uh for this, but I'll
tell you what, I did make a lot of money
on the stock of the company whose
product I used to lose the weight and uh
you know, it's like everyone else the
shots, you know. Okay. Yeah. I mean,
those things are I mean, I don't know
probably bad side effects. I mean, don't
don't blame me. I don't get paid by
these people, but I'm just telling you
that I wasn't hungry. You know what I
mean? And it's like this is a
Yeah, I know a few people who have
weight loss secret and I'm just going to
and this could be something you could
clip. It's going to be a Here's Vegas
Matt's weight loss secret.
Don't eat a lot and move more and you
will lose weight. Now, if you eat like a
pig all the time and drink a bunch of
alcohol and don't exercise, you're going
to be fat.
I don't know.
Wise words.
Yeah. No. And then and then that that
that shot thing just makes it so you're
just not hungry and so the weight just
falls off. At least
it also get rid of your urge to drink.
Yes.
Yeah.
Cuz you just don't want to consume
anything. Like it's it's interesting.
Now it may end up causing us to all grow
third eyes in the middle of our
forehead. And like I don't know like
drugs are bad. like it's better to
probably just breathe pure oxygen,
exercise, and listen to the people on
Instagram.
Yeah. There there was a thing about uh
Ompic where they said it cut down on
compulsions. Yeah.
And I think gambling, believe it or not,
was one of those things that it was
proven in their studies to cut down on.
Yeah. Didn't work for him.
It hasn't worked on me yet.
But uh yeah, that was Mjaro, I guess.
It's fascinating like there's so much to
discuss other than gambling. I mean, you
guys ask good questions and I feel like
we've gotten on fun topics, but it's
just like, yeah, are drugs bad? Are, you
know, like there every every discussion
someone has to make these decisions. Are
vaccines good or bad? Is is is it better
to just be a vegan or is it better to
eat nothing but animals? Like literally,
you you have people that are on on both.
Like someone says just don't eat any
animal anything and you'll build more
muscle like the vegan weightlifter. And
then there's the liver king and they're
both super passionate about what it is
that they believe. I guess that's
wonderful. We can believe what we want
to believe or you know some people think
better like I have a friend whose dad
was a doctor and he literally believed
in better living through chemistry. You
know you had a problem he had a drug for
it and he and he that's what he really
believed. Like doctors believe like hey
you got a problem here you know here's
an anti-depressant here's a stimulant
here's a weight loss shot. Here's this.
And then there's others like my wife who
are like, you wake up every morning at
5, you do Pilates, you have celery
juice, you know, you drink uh all this
other stuff. I mean, she's so dogone
healthy, it's unbelievable.
How long have you been married?
Uh, April of 89, so 35 years.
What are the secrets to a 35-y year
marriage?
Oh, well, I've my upcoming book on how
to make excellent decisions is going to
be coming out shortly. uh horse says the
gambling degenerate. I you know I think
marrying the right person is a very good
I don't know I look back maybe when I
was your age I was making really quality
decisions and I didn't I was wise beyond
my years you know like I mean I married
a girl who was like honest and a girl
who's was you know had a good moral
compass and who was nice and kind and a
good cook and uh
it's a better answer than you usually
give
well what what am I supposed to Oh yeah
I usually joke I mean I I was but I I
don't know. I'm in a mood. I've been
talking for like three hours. Get tired.
I feel like Trump and Rogan here. Uh but
I usually say just don't marry a a
[ __ ] you know. And uh that's, you
know, I I always try to be funny, you
know. You got to be you got to be
politically correct these days. He's
that's why I have EJ, you know, like but
I mean it's just true cuz like I see so
many people that marry and then their
marriage is just non-stop fighting and a
jealousy and all this weird stuff that's
like don't marry someone that you're
arguing with constantly or that doesn't
trust you or that is mean to you or
whatever. Like you know like fall in
love and live happily ever after. like
it might take you a little while to find
the right person, but they're out there
and don't give up and you can always go
on Tinder and I don't know that was
another joke that didn't didn't land
very well. Sorry. Must uh I don't know
that. And then yeah, and I've also just
been really lucky. I uh I'm actually am
writing a book.
Cool.
And uh and it's basically called The Art
of Being Lucky. And I think luck plays a
role.
It's a great name.
Yeah. The art of being lucky. and uh 21
all-in moments in the life of Vegas,
Matt. And I I can almost even talk about
it now because it's like
I got to read it.
Yeah. Well, listen, I don't need you
involved in my side projects. This I you
had nothing to do with this book. This
is my book. It's about It's not like 75%
done. It's a lot of work to write a
book. But it's the art of being lucky.
So like and maybe I just got lucky and I
found the right woman. I mean really
what it boils down and also like it's
not like I'm going to write a parenting
book. Like yes, go gambling with your
son. encourage them to have parties and
then they'll grow up to make good
decisions, you know, like I don't but I
got lucky with had good kids.
How has this changed your relationship
together now? Like you're working with
each other.
I don't know that it's changed that
much. Like our dynamic is still very the
same. We give each other a hard time. We
have fun. Maybe there are a few more
serious moments, but I think all in all,
it's the same it's always been.
Do you ever get into creative
disagreements? No, because I decide
you have control over. Do you ever push
back on some of
I don't know his ideas?
Not not really because otherwise I mean
I'm smart enough to know that if I start
getting involved in that then I'm going
to have to be involved. You know what I
mean? You've seen my aversion to
politics, complicated decisions, you
know, things like that. Like if I can
avoid responsibility, I will at all. So
like like they they come up with the
titles, they come up with the concepts.
I'm just a pretty face. I am now thanks
to
I think part of it is also we just want
him to come and have fun. That's like
if if he's able to have an authentically
good time and never get sick of it, then
that will keep it being entertaining.
Wait, you got really mad at me and like
we had like well like I'll drop like an
Fbomb or whatever. Like I've lost my
temper at him because like
we're playing blackjack and and I'm just
getting absolutely smoked. You know what
I mean? Literally the dealer has a 10 up
every single time. gotten like five
blackjacks. I get 16, 15, 14. Bust every
time. The rare occasion when the dealer
has 16, they get a four or a five. I'm
losing every hand. And I was like so
mad. I took my hand and my chips and I
banged it on the table like that. And my
chips kind of went like this. And then
EJ is like push like telling me not to
exhibit bad behavior, you know? And I'm
like, I just lost like $19,000, you
little prick. you know, like that's
happened, but then we don't hate each
other forever. Like, but there have been
moments. I mean, it's not like we have
this like pristine little universe in
the gambling world. Like, I mean, yeah,
well, we get annoyed. I forget. There's
I'm sure there's been countless other
things he's done that have annoyed me,
but I literally can't remember anything
except for that one thing I just
mentioned cuz it was like two days ago.
Yeah. Is there any rivalry between like
the gambling YouTubers together? Like,
do you see each other at the casinos?
you're like, "Oh, that that's so and
so." Like,
yeah, we see each other. There's no
rivalry. Great. They're all really nice.
There's one particular person who
that nobody likes.
Nobody that they don't like us.
Um, but no, I think we have a philosophy
that all ships rise with the tide. The
larger we can grow the audience that is
watching gambling content, the more that
everyone will benefit. So, we're very
friendly.
Okay.
Yeah.
And also just we're friendly cuz we're
friendly. Yeah, I mean like and it's a
nice group, you know, and and some
people have like a scarcity mindset and
I and I learned you know in my personal
development journey that never works
like you know bundles ships rise I
taught that and and then get along and
help others and give more than you
expect to receive and so yeah like we we
all went up to Reno for NG uh is one is
another big uh slot influencer. We went
to his birthday party and everybody was
there and we were all up all night
gambling together, filming content,
being on each other's lives and stuff
like that and it's was a really nice
community. Uh, everyone seems to get
along great.
Thank you so much for your time. Really
appreciate this.
Yeah, it was good times.
Yeah, thank you. And we'll link to all
your information down below in the
description. Thanks so much for coming
and
thank you guys for watching. Till next
time.