“The #1 Loophole!” - How VegasMatt Secretly Beats The Casino For Millions of Dollars
Watch on YouTubeVideo summary
In this high-energy discussion, Vegas Matt addresses persistent rumors about Las Vegas dying, countering them with observations of packed casinos and sold-out shows like *The Wizard of Oz* at The Sphere. He notes that while table minimums have risen significantly due to inflation—making a $5 table today comparable to the past's pricing—the city remains vibrant for high-limit players who still possess substantial funds to wager. Matt reveals his own financial volatility, detailing how he and his team swung from being down nearly half a million dollars by October to finishing the year with only a slight loss thanks to massive jackpots on games like *Big Beautiful Buffalo* and bonus hits on Phoenix Link. He emphasizes that while casual viewers might see gambling as purely recreational, for professionals it is a business where expected losses are calculated daily based on coin-in volume, often ranging from $3,000 to $5,000 per day in high-limit environments. The conversation shifts to the lucrative world of casino comps and influencer partnerships, illustrating how casinos now actively court content creators like Matt's team for free flights, Super Bowl tickets, and private jet rides that rival or exceed the value of their gambling losses. Matt explains that while table game players historically received generous perks based on relationships with hosts, modern corporate structures have made comping more formulaic and tied strictly to slot play, where casinos earn 8% to 12% per dollar wagered compared to roughly 1% for blackjack or baccarat. He shares anecdotes of receiving extravagant gifts, such as a solid platinum Rolex worth approximately $65,000 from strangers seeking business deals, highlighting the symbiotic relationship between high-volume gamblers and casinos that benefit from their public exposure. When asked about beating the casino mathematically, Matt clarifies that while no game is inherently unbeatable under normal conditions, specific "loopholes" exist in variable state slot machines or physical roulette table tilts that can create player edges if exploited consistently over time. He dismisses claims of easy systems for games like Baccarat as charlatanism but acknowledges theoretical advantages in side bets when card compositions shift favorably to the player without changing payouts. The dialogue also touches on the history of professional poker, where Matt capitalized on his early entry into the game before internet popularity surged, and he contrasts this with sports betting, which he views through an Expected Value (EV) lens rather than emotional fandom, despite occasionally making bets that seem irrational to observers like Dana White. Finally, the group outlines their daily routine at local casinos such as El Cortez, where they spend hours filming content, interacting with fans for photos, and playing slots or baccarat before heading home to edit videos. Matt reflects on his career trajectory from professional poker player to full-time slot gambler and YouTuber, noting that he has made the majority of his wealth through gambling exploits rather than traditional employment. Despite the risks involved—such as losing thousands in a single session while playing video poker for breakfast—the group maintains their passion for the game, viewing it as both an entertaining hobby and a viable profession where discipline and knowledge can sometimes turn the tables on the house edge.
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How much do you think [music] you've
gambled in total?
>> God only knows how much. Just an
enormous amount. I think I probably
gamble more than just about anybody. I
don't know cuz I do it every day.
>> We're going to gamble a million dollars
today.
>> Have you ever seen someone profitably
beat [music] the casino?
>> Absolutely. There are people that make
seven figures a year playing slots.
[music]
>> This is going to be the biggest slot
gamble of my life. The constant cat-and-
mouse game between the casinos [music]
and the advantaged slot players. If you
are very very disciplined, you can beat
the casinos.
>> So, how much money [music] then have you
lost this year gambling?
>> Well, last night, what were we down
about? $562,000.
>> Was it worth it?
>> You win some and you lose some.
>> If you're going to put out a message to
the casual viewer, what tips or tricks
should they know when they go to the
casino?
>> The best gambling [music] strategy, if
you really wanted to maximize it, if you
had a budget of $1,000, [music]
Vegas. Matt, thank you so much for
coming on the ice coffee hour. We really
appreciate it.
>> It's good to be back.
>> So, every time I tell someone I live in
Vegas, they always say, "Isn't the city
of Vegas dying? Is Las Vegas dead?"
>> Uh, it doesn't look like it to me. I
mean, it's pretty busy. Uh, there was a
lot of traffic last night when I was
leaving and what was that was a Sunday
night leaving the strip and it was
packed and seems I don't know. I hear
that, too. But it seems like it's going
well. I I don't know. I don't own a
casino yet, so I'm not that worried
about it. But
>> where do you think that started? Cuz I
get the same thing. Everyone's like,
"Oh, I heard Las Vegas is dying." And I
go to the strip every now and then. It
is packed.
>> Yeah.
>> I went to the sphere and they had sold
out multiple days in a row for Wizard of
Oz.
>> Oh, Wizard of Oz is great. Did you guys
see it?
>> Yeah.
>> You did? I did.
>> You didn't see it yet? Yeah. I loved it.
I got dizzy during like a couple scenes
though. Did you Did you at all?
>> I got Vertigo. The first time I went to
the Yeah, it was like Vertigo.
>> I fully got Vertigo.
>> Yeah. I love the stereo though. I've
seen almost everything there except for
UFC. It was out of town. I really wanted
to see that.
>> Well, where do you think that rumor came
from?
>> I don't know. Uh some probably some
influencer made it up. I I don't know.
Like I mean, someone probably has
numbers that, you know, Las Vegas
Tourism Board or something like that,
but I mean the airport's always packed.
The you know, the casinos that I go to
are always packed. And uh I mean I don't
know. It's weird. You know, you keep I
keep thinking, well, we got to have a
recession eventually. You know, you hear
about that and I think it's been like
the last couple years I've been going
like, I should probably take my money
out of stocks. Market can't keep going
up forever, you know. Well, you know a
lot more about that than I do, but it
>> keeps going up.
>> It just keeps going up. It's crazy. So,
I don't know. People seem to have money
and, you know, I mean, I all I ever do
is, you know, deal with gamblers and I'm
in high limit rooms all the time and
those people sure seem to still have
money to lose.
>> But what about on the lower end? Would
you say casinos are getting a little bit
more greedy? Because whenever you go to
the strip, it's hard to find a table
where the minimums are anything less
than like $25. And so a lot of people
are like, I'm going to go there and
maybe only play for like, you know, 30
minutes or so because it's just way too
expensive to be gambling on the strip
now.
>> Well, I mean, think about though
inflation. I mean, what when I was in
your guys' age, like when I was in my
20s and I was coming here, like it was a
$5 table, you know, and I mean, $5 is
probably the same as $25 nowadays, 40
years later. So, I don't I don't know. I
maybe getting a little bit out of touch
with reality. Like, I'm aware of that.
But yeah, I guess like you know what, it
seems like it definitely some things are
expensive. You know, you go to like
those clubs and stuff. I mean, you know,
a table is like thousands of dollars and
yet they're all still full. It's
unbelievable.
>> Have you ever bought a table at a club?
>> Yes.
>> And how expensive was it?
>> I try to go with when other people buy.
[laughter]
>> You know, there's always those people
that are just like they just think they
seem they're so rich or they're trying
to impress you so much that they just
want to pay for everything. And that's
that's my my preference. But I have been
the guy when you go and then they look,
it's like, well, you obviously should be
the one paying. But I not very many
times. But I think if you have the right
guy, you know, the nightlife guy, like
everyone's got a guy in Vegas. It's
like, "Let me call my guy. He'll get us
a table." You know,
>> I mean, I think I've paid like maybe
a,000 or $2,000 for a table. And then,
you know, and then they say it includes
>> a bottle, but then then about all of a
sudden there's like 10 people in your
booth and then they just keep ordering
bottles and then at the end it's like,
oh, and then a 20% gratuitity and this
and it always ends up being like5 or
$6,000.
>> Was it worth it?
>> I mean, not I don't know. Not really.
It's kind of fun, you know. I like the
music. It's like uh I don't know. I'm 62
years old. I I love going to those
clubs.
>> Do you bring your wife?
>> No, she never stays out past 10.
>> So, you just go out to the club?
>> Well, I mean, like, don't get me wrong,
I've done it like
>> How often is this?
>> In the last like three years. I think
I've been to a club like three times.
Okay.
>> You know, just every once in a while,
like some guys uh friends of mine, I
didn't go. I got invited, but I didn't
go. They went to XS the other night for
Diplo and Jeff Bezos was at the table
next to him. I mean, a fun stuff like
that always happens in Vegas.
>> Did they talk to Jeff at all?
>> The one guy kind of made it sound like
they did, but then I saw the picture and
it was like of the back of his head with
six security guys standing around him,
so I don't know how much they talked to
him, but they did see him.
>> Do you know what it was like to have
Jeff Bezos at the club? Did he say
anything? Like he just ran up a tab of
like 200 grand?
>> Was everyone just like, "Oh my god, Jeff
Bezos is here." I you know I got it
secondhand so it would be like a
telephone game at this point but he did
say that he had a lot of security was
one thing and then and he said it looked
like he was having a lot of fun
>> and then they said he was short
I mean I don't know it looks to me like
he's getting jacked.
>> He is jacked.
>> It's like everyone who gets really rich
gets in good shape except me.
>> It's the final form is when you've
gotten everything you already have. The
next thing is just get really jacked.
>> I suppose it's like cuz you're making so
much money you want to like live longer
you know. No, I think it's the only
thing that money can't buy is a really
good physique.
>> Yeah. Well, I've been doing Tai Chi. I
saw some stuff on my feed. You guys do
you guys get that, too? Or is it just
for old guys?
>> I haven't gotten your phone now.
Probably heard it. But
>> yeah, this like this t there's these
people that super ripped. It's like what
do you do? It's like I go like this, you
know, like with no weight. It's like
[laughter] anyway, I like it. It's It's
good.
>> But now going back to the Las Vegas is
dying. What are you seeing in the high
limit rooms? Are you noticing people
gambling less, spending more? What are
you seeing?
>> I mean, it's absolute madness in my what
I'm seeing. Like I mean, gosh, yesterday
uh I mean, there were two different guys
playing uh what between 2500 and 5,000 a
spin, like fast spitting. I think that
that you know, the people who have that
kind of money to gamble are probably
going to have a hard time losing it all.
Although, we have heard stories. I saw
that Watanabi guys loop going around
lately. It seems very very busy to me
and it seems like um again it's hard for
me to say cuz like I'm in that world
every single day. It's the only place I
am and so to me it seems like yeah
everybody's gambling and and um people
are playing and playing big and yeah I
mean the high limit rooms are always
full and uh I'm seeing no signs of Vegas
being slower.
>> So how much money then have you lost
this year gambling? Uh not very much. Uh
shockingly we have in the description in
our YouTube channel every day in our
long form. So we have like a 45 minute
long form video every day seven days a
week thanks to my son and partner who
are also here. Uh that you know for like
three years we've posted every single
day and in the description we keep a
running track of our year-to- date win
loss. So, we were getting a little bit
wrecked uh up until about like was it
late October? I think we were down like
450,000 on the year.
>> Is that getting wrecked or is that about
expected?
>> Well, I mean it was to be expected I
think for us like you think about it. I
mean every single day we're we're
betting on average $50 $75 a spin for 45
minutes. And so probably the expected
loss per day would be like I guess $3 to
$5,000.
WBG would probably have an exact number,
but u I would have thought we would lost
a million dollars this year, but we were
so we were down 400 say $450 $470,000
and then we hit a grand uh up in Reno
for a couple hundred,000. Then we hit
another really really big uh line pay
called the big beautiful buffalo spin
where we got like 13 buffaloos on a
pretty big bet and that was like 230 or
240,000. Then we hit 400,000 on a bonus
on a Phoenix link and we just had like a
real just flurry of winning and then
we've been giving it back and as of like
it's 15 days left to the end of the year
as we are currently speaking and we're
down 10,000 on the year.
>> Wow. So, it's like almost nothing. And
now, I don't know that doesn't count my,
you know, off- camerara antics, uh,
which I'm probably am down, but nothing
nothing weird. Like, I I'll play with my
wife, uh, and we'll play like, you know,
$10 a spin, $20 a spin, nothing crazy.
>> Is that even fun for you, though?
>> Yeah, I I think so. I just like it, you
know? I mean, I just like I just like
winning and playing. Uh, I'll play like
I'll play even uh sometimes like I was
getting breakfast the other day and I
was playing 10 cent 10 play Ultimate X,
you know, I think that's like $10 a spin
on video pok,
you know, end up playing. Well, then I
ended up going to 25 cents and I went to
50 cents and I ended up losing $3,500.
[laughter]
>> $3,500. You spent $3,500 for breakfast
>> on coffee. Very expensive coffee. Yeah.
But that did not work out well. That was
that was a bad moment.
>> Do you even share that information with
your wife?
>> I used to lie to her a lot about how
like, you know, I would come back from a
weekend and be like, "Oh, I broke even."
You know, except for that $10,000 cash
advance I took, you know. Uh but I don't
at this point, she doesn't really care,
you know. I mean, you win some and you
lose some. I mean, yesterday was a a day
off and I went with my friends and my
brother who were in town went to the
local casino and I was there about 15
minutes early and I think I lost $4,000
playing video poker before brunch and
then I came back and then I played a
dragon link and I got down another
$3,000 and then I hit $11,000
and then I gave most of it back in video
poker. And then I hit four deucees dealt
and I want like it's it's I'm playing
bigger and but it's it's just a lot of
fun and I mean I can afford it and it
doesn't really you know bother me but
it's yeah you have to play a certain
amount for it to you know to to care I
guess is what you're saying or what
you're asking but I still care. I don't
like losing even a thousand bucks or
2,000 bucks. It bothers me.
>> How much do you think you've gambled in
total?
>> Like coin in or something like that?
>> Yeah. Oh, it's insane. Like, I try to
get all my W2Gs, you know, the the the
things you get when you get a $1,200 or
more jackpot, some random arbitrary
number since 1970 or whatever. But, uh,
you a lot of times I won't get them or
I'll be on self-pay and I'll forget to
get the print out of all the ones from
the day. But even the ones that I get,
there are hundreds and hundreds of them.
But to do my taxes, I have to file an
extension and then wait till like
September. And then my accountant has to
call the IRS and get a print out of all
the W2G GS that I've gotten. And the IRS
was having a hard time because it was
too many pages for them to print and
then they couldn't it was too big to
email. I'm talking about like I would be
willing to say that I got $6 million of
hand pays this year and on coin in of
God only knows how much. An enormous
amount. I think I probably gamble more
than just about anybody. I don't know
cuz I do it every day.
>> If you were to guess, do you think it
would be over $und00 million?
>> I don't.
>> Total.
>> I don't think so. What do you think?
WBG.
>> Yeah. 50 or 75 million of coin in it. I
would I mean he's the smart one. I I
just push buttons.
>> What sort of comps do you get?
>> I mean we've getting now it's a hybrid
now because you know the Vegas Matt
dynamic is is finally you know starting
to get where it's gone kind of full
circle from when the old days you know 3
4 years ago when them letting you film
was like really nice of them. It's like,
oh, this place lets us film.
>> And now it's kind of gone to the point
where, you know, gee, who's going to be
lucky enough for us without sounding
like a dick, but like, you know, for us
to come there because we are a lot of
people watch us, you know, and so if we
say, hey, we're playing at XYZ casino,
people are going to come there, you
know, so they're starting to see the
value more and more of that. So some of
the comps, I think, are because of our
YouTube fame or whatever. But just as
far as a regular person goes, I get, you
know, certainly room food and beverage,
you know, I haven't paid I I have a
almost a religious opposition to paying
for a meal, you know, because
>> anywhere you go,
>> anywhere. Well, certainly at a casino,
you know, but uh like someone will
suggest going to a restaurant off strip
and I'm like, ah, why? You know, but
then again, sometimes these comps get so
ridiculous and we order just everything
and, you know, go out to a dinner and
then, you know, get a free dinner.
That's the other night we went to
Komodo, which is one of our favorite
places down at the Fountain Blue and and
the bill was $3,000.
And so, like, you know, a normal 20% tip
would be 600, but you got to be kind of,
you know, generous. And so, I was like
probably $7 or $800 in tip for a free
meal. You know, you probably could have
gone somewhere decent and gotten a meal
for $600.
>> Have you ever gone to one of those
steakouses, an extremely expensive
restaurant on the strip, ran up like a
$10,000 bill and then got a call like,
"Hey, maybe take it easy a little bit
with these comps."
>> No, but like very few of the people that
that we hang around with drink very much
at all. And that's where it gets
expensive.
>> And that gets what's get expensive. I
mean, and no, I haven't ever had someone
say like, "You're, you know, we we don't
really even we work so much. Like, we
don't go to too many dinners. EJ and
WBG, you know, they always talk about
how they don't like long dinners, you
know, and all that." And so, it's not
really our thing. Me, I enjoy it. I'll
take some of my my friends out sometimes
for something, but never anything too
crazy. Like, I'm not ordering bottles of
Louis or, you know, whatever trying to
really abuse it. What about the comps
that you get for being on YouTube? What
are what are the some of those crazy
comps?
>> You know, I'm like a little kid, you
know? I mean, I love like flying
private. Like it's my favorite thing in
the world. And you do it a couple times
and just get ruined, you know? And uh so
like there are some casinos that that
have jets, you know, which is like I I
would say arguably that has to be the
most valuable comp ever is when you get
flown on a private plane. And then the
other would be Super Bowl tickets. We've
been able to get the last two years
we've been able to get Super Bowl
tickets from some of our casinos and
we're going again this year. And uh so
that's a big one. F1 one time guy got to
go to one of those fancy, you know,
clubs right on the track and the caviar
tasting or they were doing like we were
doing like caviar bumps. Like I just
love all that stuff. And I'm trying to
think what else. So, you know, any
football game, any concert, any, you
know, I I like to go in the um in the
suit, you know, cuz you get the free
food and you get your own bathroom. And
uh you get really spoiled like at the
Sphere going to a suite and watching
watching one of the show or a concert.
I've seen the Eagles twice. That know
that was fun. So, yeah, all that stuff
is is free when you just lose and you
get free stuff. Have you ever seen
someone profitably beat the casino?
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episode. Have you ever seen someone
profitably beat the casino?
>> Absolutely. Uh, you know, you've seen
21, the card counting movie. Of course,
card counters. I find though that if
I've ever been with someone who claims
that they can count cards and they they
say, "Oh, you know, now is a good time
to bet more." I I seem to always lose
anyway. I mean, blackjack, I just don't
like the game. I mean, it if I have a 15
and I hit, there's a 100% chance I'm
getting a 10. You know, it's just every
single time. there. There's no possible
way a six is coming. Now, the dealers on
the other hand, I get a 15, it's a four,
five, or six every single time. It's
just not a game. I don't care if you
could count and it was nothing but tens
left. The dealer would get 20 and I'd
get the one three that was left in the
deck, you know. Uh, but what I found was
really interesting that I did not know
about was the whole world of advantage
slot play. And there are lots and lots
and lots of people and it's a constant
cat-and- mouse game between the casinos
and the advantage uh slot players. Um if
you are very very very very smart and
very very very very disciplined and you
have the bankroll and the intestinal
fortitude and you can handle the you
know the ups and downs. I guess that's
intestinal fortitude. You can beat the
casinos. So my understanding with that
is that there are certain payouts that
need to be hit on certain slots. And if
you identify what slots will pay out
when and you have let's say progressive
bank
>> yeah like like a10 to $100,000 bankroll
you could theoretically just say I know
I'm going to put in a maximum of 100,000
but I'll get back 115,000.
Is that kind of how
>> Yeah, kind of. I mean, conceptually
there there there are certain machines
that have must hit by, you know, and
that those are the easiest ones to
explain. Um, there's a lot more than
that, but that let's say you go to a
machine, it says it must hit by 10,000
and it let's say it resets at 9,000
usually and it moves 5 cents for every X
dollars that you put in. I forget it.
But I mean, you know, you can just put
money in and hit the button and then see
how much it moves to figure out how much
money has to take to move it, right? So,
for every to move the meter $1, you
know, it's going to take $1,000 or
$10,000 of coin in. And then what these
guys do, obviously, it's not me because
I can't even figure it out or explain it
right now, but I know how it works. Uh,
so they'll add up, okay, it will take uh
$172,000
of coin in for this meter to get to
10,000. So, you know, you're going to
get $10,000 at the end. And let's say
that the meter's at X right now. Uh, and
they know that that machine has a, you
know, 92% return to player. So,
mathematically, every dollar you put in,
you're losing 8 cents. So you multiply
that 172,000 of coin in times whatever
and then somehow they figure out a way
mathematically if you played this same
play a million times you would have a
mathematical advantage on this
particular play and that doesn't mean
that you're going to win every time cuz
I've sat and I've done live streams and
let's play this machine until it hits
and you know mathematically we were
supposed to win $1,000 or $2,000 or
something like that and we lost 20 or 40
like I mean if you have a run of bad
luck the you know but you can outrun the
math in the long term and so I I feel
and I've talked about it many times it
would make the greatest movie like there
is a movie in the behindthescenes world
of advantage slot play it's it's an
incredible world that most people
haven't the foggiest idea about. I
walked into a machine the other day and
someone had played it. It has a must hit
by 75 and someone had left it at 74
and they must just have been oblivious
or run out of money and literally walked
up, pushed the button like four times
and won like $11,000. It was like they
had left $10,000 on the ground.
>> So once you're right on the cusp of the
must hit, do you just max bet every
single time? Because the the bonus will
be higher if it's max bet as opposed to
minimum bet, right? Uh it depends on the
game, but that like um in in the case of
a must hit like a progressive, it's
going to be let's say it's $10,000 or
$100,000 is what they usually are. It
doesn't matter if you're betting a
dollar or $50, it's going to be the
same. You're going to get that entire
amount. It just takes longer to move the
meter if you're betting less.
>> In this particular case, the all of
those things were bet dependent. So,
this was on I think like $18.75
per spin and that was where they left
the 74 on a must hit by 75.
>> Are there any ways to get advantage play
if it's not a progressive bet?
>> The people who can actually beat the
casinos are next level smart is all I
can say from those that I've heard
about. and they do everything like
everything to maximize their return.
Like you know if there's a gift
giveaway, you know, or if it's like the
holiday giving guide that's going on
right now at a lot of the casinos, you
know, they'll go and they'll play on a
day when if you swipe your card on a
Tuesday, you get 10 times points and
then they'll play 99.8% 8% video poker
for 15 hours and rack up an absolute ton
of points because the 0.02% that they're
losing mathematically on the video
poker. Now, they might get wrecked for
$50,000 and not get a royal and whatnot,
but mathematically they're winning and
they're getting all these points for the
holiday shopping extravaganza where they
know that they can buy
Walmart gift cards or uh whatever it is
that that is actually like dollar
fordoll value or something that maybe is
even worth more that they'll in turn
sell on eBay. I mean, it's it's nuts.
And then but yes, if you maximize every
possible angle to to maximize your play,
you can make money.
>> Do you think that's worth that person's
time, assuming they're not retired and
have nothing else to do?
>> It depends on the person and how big
they're willing to play and how much
they play and how again how often they
do. Like the problem is is most people
that try to do advantage slot play are
also degenerate gamblers. And so, like
me, for example, I'll I'll do something
and it's like, okay, that's only like
four four spins until it does what I
want it to do or whatever. But then I'll
be like, ah, I want to play a little bit
more, you know? Or like this game, you
play it whenever the number of balls in
the pot are over 15 or there's this many
richest little piggies or whatever the
case may be. and there's, you know,
there's math on it, but then you hit it
and they're like, I want to play a
little more and do a few more spins.
Every single spin that you do that's not
a mathematical advantage. It makes you
lose money. But I would go out on a limb
and say that there are people, not many,
but some, that make seven figures a year
playing slots.
>> What about Mickey Mazize, who claims
that he has a mathematical advantage
with Bakar? I'd love for him and WBG or
W2 Jesus to sit down and talk about that
sometime. I I just I just don't know how
that is possible.
>> We could try to arrange that
conversation.
>> Cool. I mean, he one thing I say about
him is he definitely knows how to get
airtime and maybe maybe he does, but I
don't see I don't see how uh how he can
do it.
>> I've tried to figure it out. Yeah. He
said he would sell the rights to how it
works for $20 million. And I tried to do
my own investigation. I'm like, how on
earth is it possible to beat the casino
at Bakar?
>> Yeah, I have heard I mean again it I
don't know the guy, you know, and I and
I see some of the things that people say
about me and just the level of just
untruth and jealousy and then just just
completely speaking out of their ass, so
to speak. and I don't want to do that to
him. Some of I can tell you this that
some of the stuff I've heard him say
doesn't really make sense to me. He's a
good talker and he's says some things,
but some of it just there's a logic gap.
And I'd love to know, but I don't
believe that that game unless like the
Phil Ivy thing uh where he uh with that
the lady over in uh what was it in where
Singapore or wherever it was that they
were playing in like where he he could
tell from the back of the deck whether
what the card was,
>> you know. Um, well, Phil Ivy kind of is
the Tiger Woods of of
>> That's what I was thinking there. You
know, great guy, too, by the way. I hung
out with him. I've met some neat people
in this whole world. But like that that
happened. But I mean, it's it's so
random and it's just it's player or
banker. It's like flipping a coin. And
how can you beat flipping a coin? I
don't think it is possible. There's no
way to count at Bakar. There's just I
mean I don't know. These are way better
questions for WBG who's who knows
everything about gambling. But all I can
say is that Mickey Mays looks like he's
having a lot of fun and he gets a lot of
attention and he gets a lot of airtime
and he seems to fly around in jets and
I've seen him have millions of dollars
of cash and he was a young guy and I bet
he's having a blast. So more power to
him. That's what I say.
>> What's the biggest loss you've ever seen
off camera?
>> Well, last night what were we down about
$562,000?
you were down.
>> I mean, not me, but me and my son and a
couple of friends were like were playing
something and just kind of sharing the
result and I was waking up and getting
text updates and uh I I've seen I mean
my other another friend uh also
yesterday I'm I'm do I have to do a lot
of gambling. He he [laughter]
uh he lost I think almost $400,000
in about 20 minutes. Um, and then he
went to another casino and won 2
million. Uh, I've just I see some pretty
big losses, but me personally, I don't
like to lose a lot. You know, I've seen
it and I've been and I've had little
slivers of of the action. Uh, but I just
I I'm If I lost 50 or $100,000, I I'd be
so mad. What's the biggest loss you've
ever personally experienced off camera?
>> Probably like $30,000, [snorts]
something like that. Not not I'm not
that I don't know. I like the my money,
you know. I don't want to I don't want
to lose it all. So, yeah, I I haven't
lost that much money myself off camera,
but I I I do now have a lot of friends
that are really big crazy gamblers and
that gamble big and they've lost a lot
of money. How do you think experiencing
loss at such extreme levels and winning
at such extreme levels affects your just
like dopamine receptors? And do you
think that have you have you noticed
it's more difficult for you to be
excited or to feel bored or like these
other emotions when you're not gambling?
>> Yeah, I mean I would imagine like that
whole dopamine I mean I'm not a
biologist. I don't I don't know what
what would not be a biology or physio
whatever. I I don't know anything about
chemistry or whatever. I don't know how
it works but I've heard this dopamine
stuff is good. Like that's what you get
when you look at the Tik Tok or
whatever, you know.
Uh I mean gambling is a is a is a rush.
It's just like anything else I suppose.
Uh that is like maybe an addictive
behavior and whatnot. Um so yeah, I mean
it is it is fun when you win and it is
depressing when you lose. Um and I guess
that that's a dopamine thing. it. Uh,
and I mean they have meetings about it,
you know, for people who get like
addicted to gambling and stuff. So, be
careful with it. I mean, we we tried to
do a pretty good job of telling people,
you know, gamble within your means and
and we show our losses. I mean, we were,
I think, one of the first groups to
really show that you lose a lot. There's
actually a couple casinos that don't
want us to make content there because
they don't like when you show that you
lose, which I thought was interesting.
But the reality of gambling is you're
going to lose. Like unless you're, you
know, some Rainman level person, you
know, who's way smarter than the average
person and way more disciplined, you're
going to lose. So, it should be
recreational. Um, but yeah, it's it's a
lot of fun. I mean, I do it. I did it
before I had a channel. It was when I,
you know, if I was bored, I would go
down and play video poker. I like I like
I like it. It's fun. I've been doing it
since I was in my 20s. I came to Vegas
like the first time in like 1984. been
coming here at least once a month for 40
years. Um, so I love it. I always have.
Um, but yeah, it's like playing with m
playing with fire, you know. Got to be
careful.
>> How do casinos actually make their
money? Is it through gambling? Is it
through selling rooms?
>> You know, I don't own one, but I'd like
to. Uh, I'm I'm pretty sure it has to be
from mostly from the gambling, but I
think these days now there's like all,
you know, there's a lot of ancillary
revenue sources like, you know, those
super clubs and all these expensive
restaurants and the shopping and so
forth. You the model's probably fairly
elaborate, but there can't be anything
more profitable than having a machine
that every time someone pushes a button,
you make 8% of the money, you know? I
mean, think about it. Like, if you have
a bank of machines, they're playing the
long game. Yeah, someone's going to hit
a jackpot over here, but they almost
never even have a losing day or week.
Certainly not month, you know? I mean,
it's So, if someone's playing $100 a
spin, you know, it's like spin spin spin
spin $8 to the every single time that
button is pushed. It's an enormous
amount of money that they make on on
slots.
>> Do they make more money from the high
rollers or from the people making
smaller bets?
>> This would be conjecture. I but I would
think the bigger players because if
someone's betting $1,000 a spin, right?
Uh you know that's $1,000 $1,000 $1,000.
>> If someone's betting a dollar a spin,
you know, they'd have to do it a
thousand times to get the same coin in.
But then there's more smaller players
playing small. So I don't know. That
would be a better question for someone
who owns a casino and has looked at the
math. But it seems like it would take a
long time to match the coin in of the
bigger players. But again, there are I'm
thinking and I'm just like I'm making
this up as I talk because you walk
through a casino, you know, you got the
big part with just all those machines
where the average person's probably
betting $5 a spin and then you go into
the high limit room where maybe the
average person is betting $100 a spin.
Again, making that up, but it's that's
20x. So the question is, are there 20
times more people outside on the floor
playing than there is in here? I'm not
sure.
>> But then why with Dana White has he been
banned from some casinos? I don't think
he's an edge player,
>> but I or I don't think he's an advantage
player.
>> I've played with him. I can tell you he
is not.
>> So [laughter]
why did you see him do something?
>> I mean, he crazy stuff like I mean he he
Well, not crazy. He's, you know, he's an
instinct player. Like I mean he he
doesn't he doesn't play even basic
strategy like you know where there's a
mathematical strategy like there's a
there's a black and white answer to
every single situation in blackjack for
example and I've seen him make plays you
know he'll stay on 16 if he just he
feels like it or you know he'll uh he'll
hit on something that he's not supposed
to or he'll double something that he's
not supposed to or whatever the case may
be. like he plays kind of by his own
rules, but I can tell you that sometimes
there are some people who are lucky.
He's obviously a lucky guy. I mean,
president of the UFC, everyone likes
him. He's a great He is an amazing dude.
He's maybe lucky. And if you beat
casinos for a lot of money, they don't
like that. They don't still like if
you're not an advantaged player, can't
they see it expanded over a long enough
time horizon and be like, "Okay, like,
you know, if you bet, you know, coin in
$50 million here this year, we're going
to end up retaining some of that." I
think maybe the thing with him is he
just bets like for maybe a smaller
property or something like that. Uh I
think he bets so big that they just are
scared of the swings,
>> you know, like I mean
>> that's why these you know they these
places have limits you know I mean like
you know the most you can bet is 10,000
you know also to pre prevent people from
martinailing I would imagine but you
know some places don't want to take a
bet bigger than 10,000 or $20,000 you
know.
>> Have you ever martined?
>> Oh yeah we've done videos while proving
it doesn't work.
>> Did you ever successfully martinale
what's the worst you've ever lost
martinailing? Uh I mean we it we
successfully martin Gale every single
time until you don't you know and then I
mean it can get real bad real quick. So
a lot of times like we'll play
especially online you know we'll you you
bet $100 and then so 100 200 400 800600
3200 6400 you know then you're pretty
soon you're table max you know so seven
hands in a row until you lose seven
hands in a row you're winning $100 every
time and most you can dodge with the
bullet quite a few times you know we'll
sit there and we'll we'll do that 1 2 4
8 16 32 64 for and you know we'll win
win win win win $100 $100 $100 run win a
few thousand dollar right it works out
great until it doesn't when you just
lost one three seven whatever I mean
it's it becomes you know 105 $20,000
loss the one time you lose seven in a
row you have to add that up but 6400
plus 3200 plus whatever 1 1600 uh and
and that one time it happens it just
devastates all the money you made along
the way. It absolutely scientifically
has been proven by us many times does
not work. You will get wrecked.
>> And what about on the topic of getting
wrecked? Have you ever seen people freak
out at the casino? What's the worst
you've ever seen?
>> Not really. Like I've seen those videos
of the guy throwing a chair through the
machine and and whatnot, but no. But I
know like what's even worse, I think, is
when you just see someone who's just
devastated and they're just quiet. you
know, they're on a cruise and, you know,
day three of the cruise, you know, they
their credit cards maxed out and they
have no money left and they're just kind
of sitting there, you know, pretending
to play bingo or, you know, I mean, I
don't know. Like, there's not it's
terrible, but I haven't seen anyone
really lose their mind, you know, but I
know it happens and it's it's tragic,
but it can happen. You go on tilt. I
mean, I've done it, you know, where I
just I just I just, oh, I'm going to get
it back. I'm going to get it back and
then you just end up losing way more
than you were were comfortable doing.
And it's it's sad, but I haven't seen
any real big temper tantrums. You hear
about them.
>> What about the rumor that some of the
slots closer to the door pay more than
those further in the casino?
>> Yeah, it's funny. Every almost every
single question we've had as a question
of the day on our show because WBG does
a question of the day.
>> I don't believe that that is true. I
don't think that they do that. I think
the, you know, the machines are set and
to change the the payout, you know, the
hold. It's it it's a lot of effort. So,
usually they just set them and and
forget them and they have a policy like
what their machines are set out on the
floor. Again, I'm not 100% sure like I'm
not I can't speak in absolutes, but from
the people that I listen to, what I
understand, I think that that is a
fallacy. I don't think that there's any
truth to that.
>> And what do you think about online
gambling? Is that pulling people away
from physical casinos?
>> I don't know. I think people who like to
gamble like to gamble. Like I really
like online gambling. I mean, there's
no, it doesn't smell like smoke. You can
do it from the comfort of your home. I
mean, not in Nevada, but like in like
I'll go to Atlantic City or, you know,
to Pennsylvania or wherever, you know,
some of the states where it's legal. And
I really enjoy it, you know. I mean,
they took us uh to a um what was it? A a
basketball game. Is it Detroit Pistons?
>> Mhm. Yeah. Uh and I went to the the game
and I'm not a huge sports guy and it was
a kind of a blowout and I was kind of
bored. So I was like sitting there uh on
the court side on my phone gambling
playing Ultimate X and a couple
different games. I really like I I quite
enjoy the online gambling, but I guess
if someone has, you know, a X number of
dollars available annually for their
gambling budget, right? if they're
gambling online and losing some of their
money, that might take money away from
them what they by spending the in the
offline casinos. I know that that that
area is, you know, really growing and a
lot more and more people are uh gambling
online and betting online and so forth.
And um yeah, it's it's very
controversial, but I quite enjoy it. I I
like it. And I and I and then the thing
that a lot of people don't know I think
might be interesting is that the return
to player is way better online than it
is in the casinos. I mean so you'll you
can look on the game there's like an
info tab and you can look what the
return to player is and on a game like a
six ball three coin you know classic
Dragon Linkesque type of game there's a
lot of those games online as well. Uh
same basic premise. Okay, I want six
balls and or three coins. Online, I've
seen RTPs like 96.4%.
And probably the best you'll see uh in a
regular uh physical casino is about 92%.
And that and that's more than a 4%
difference. It's like almost like twice
or three times as good than than it is.
Um so so it's good RTP. It's good
entertainment. Do do it from the comfort
of your home. Just as long as you do it
responsibly, I think it's good. And I
don't know how much it's hurt the online
casino business. I I wouldn't have that
data.
>> Would you quit gambling for life for $20
million?
>> Uh [gasps]
I think so. I mean I would I'd have to
quit my channel and everything.
>> Just quit gambling. Never push a button
again. Never bet on something again.
>> I don't think so. Right now
>> 20 million.
>> I mean I mean
>> after tax just in your bank account
right now.
>> I'd have to consult with my team of
advisors. Wait. What do you think, guys?
No, I I don't think we would either.
>> He just looks [laughter] over and his
son's like sitting in the couch. EJ
>> shaking his head. No,
>> I know. It just I just don't think that
would be a good financial decision for
us right now, you know, cuz we uh we
doing very well from gambling. And it's
a lot of fun, you know, and uh between
the three of us, you know, I mean, that
would only be like seven million for me.
What am I gonna do? Seven million now.
It would I mean I don't know like you
were a money guy. a million. Like when I
was a kid, being a millionaire was like
a big deal, you know?
>> It's equivalent to probably what five is
today.
>> Okay. Well, I mean, I'm a lot older than
you. Like I think I mean that term like
was probably coined in the 20s or
something like that. So
>> like a 1970s millionaire or 80s
millionaire is probably a 20
millionaire. So I think 20 million is a
number
>> that you could if one had 20 million
after tax and you invested it
intelligently. I mean, this is your
guys' area, but you know, you could live
very comfortably on the interest on $20
million forever.
You can't have a jet, though. And so, I
still have big goals. If you look in the
last chapter of my best-selling book,
The Art of Being Lucky, you know, uh I
that's one of my dreams is to have a has
my own plane.
>> Mhm.
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for sponsoring this episode. Do you ever
not want to gamble? Uh sometimes like if
you get on a really bad losing streak,
I've I mean I've we've had conversations
where it's like I'm quitting. This is
stupid, you know, like like that. I've
gotten frustrated and and it never lasts
more than a day or two, but like we had
the worst losing streak. And uh WBG
always says, you know, winning streaks
and losing streaks some last longer than
you'd ever expect them or he said it
better than that, but the essence is we
just we just couldn't win. And it was
getting it was bad, you know, cuz like
our content is like, "Okay, welcome to
the Vegas Matt losing his ass show, you
know, and then like day after day after
day after day we just we, you know,
let's play this, let's play Huff and
Puff, let's play Dragon Link, let's play
this, and just lose, lose, lose, lose."
I mean, it was good for the audience to
see, you know, there's no magic. You're
going to get wrecked. Um, and so when I
lose a lot and then and just over and
over and over and over again, but it I
mean now that big jackpot's right around
the corner, you know, when we hit that
400,000, that was so that was insane and
that just that just made up.
>> What was the reaction to that?
>> I was very enthusiastic. You know, a lot
of times I'll do like a a victory lap
where like I run around the machines
like I think that's one of the reasons
when I first got started I'm a very
emotional, you know, I mean I wear my
like what you see is what you get kind
of a thing. And so like when I win I'm
elated and when I lose I'm mad. And and
that honest reaction I think is what
kind of have people like. And so the
first video that EJ ever uploaded was
me. I got a royal flush and I was just
all excited and it was just my reaction
that really got the thing to kind of go
viral and that's what started the whole
thing.
>> How long did that high last after
winning $400,000?
>> I don't know. it, you know, it it's
still kind of lasting, you know, because
we have a we have like a a gambling fund
and when that gambling fund is empty and
like every day I have to like go to the
bank and get $10,000 and bring it to the
casino, you know, and say, "Okay, here's
for our video today." doing that day
after day after day after day with you
know starts to get kind of annoying with
the 400,000 all of a sudden the whole
the coffers were full and I haven't had
to reach in my pocket now for a couple
of months you know so uh maybe that
there's still some residual high from
that but I mean it was it was definitely
you know elation for a day or two I
would say
>> how do they pay you $400,000 is it cash
is it a check is it a wire
>> a lot of It just depends. But I took a
check for a lot of it and then some
cash. But, you know, I mean, I don't I
don't want to walk around with that that
much cash, but I mean, they'll pay you
however you want. They'll wire it.
They'll give you a check. They'll give
you cash. They'll leave it on an account
for you.
>> What's the most cash that you've seen in
a casino?
>> Probably half a million quite often.
I've seen, you know, again, not not
mine, but I mean, I've seen a lot of
people come in with a lot of cash. I saw
Steve will do it. Just dumped a million
dollars in front of Red Rock. Did you
see that clip?
>> No.
>> Yeah. He just takes a duffel bag full of
a million dollars and drops it and just
shakes it out and there's a million
dollars spread in the valet and he's
like spillage and just has a million.
>> Steve has I'm convinced he has a money
tree. Uh because I mean all he's ever
doing is just giving people Rolexes and
cars and I mean and he's and spending
money and and gambling and just I've
seen him lose a lot. Maybe he wins a lot
too. But man, he he just seems like he
has an endless supply of money. That guy
has
>> I saw he just gave I think it was like
$750,000 to Karina Cop over the last
month. It was like a GT. I've seen her.
I've seen her.
>> Like a GT3 RS,
>> Rolexes, cash, bags. It's a lot.
>> Yeah. He must like her.
>> See, I just want to know what his taxes
are like.
>> I have no idea.
>> Like, how do you write
>> he pays them? Yeah.
>> What do you Because he would have to
either give someone else a 1099 and then
they would be responsible for the taxes
or he's paying it at his highest tax
bracket. Yeah. So, it cost him like 40%
more to pay the other person's taxes on
the gifts he's giving. How?
>> I could text him. Uh, now he's he's
sometimes he's really good about
responding. Sometimes he takes a while.
You know how these famous people are
sometimes. Uh, but I don't know. He
doesn't he doesn't strike me as the type
of person who would sit still long
enough to answer that question and or he
probably doesn't know and you know,
someone else does that for him. My guess
is it's probably got to be someone else.
>> Yeah. Well, hopefully he's handling it,
you know, because I mean taxes and
stuff, all that stuff's really
important. You know, I always tell EJ,
you know, stay on top of all that stuff
and pay your taxes and don't get behind
and you know, all that because if you
they some of these people that are
famous like athletes and celebrities and
stuff like that, they'll make all this
money and then they'll buy all these
cars and all this jewelry and all this
and they'll forget this one little
detail of their taxes and then all of a
sudden they have a career-ending injury
and then they owe, you know, $13 million
in taxes and they're dead broke. So,
that's not good. But I'm Steve's been
doing this for quite a while and he's a
very very talented guy and that's cool.
He had a million. You know, you got to
be careful with that that much cash
around, you know.
>> Yeah. Speaking of that, what do you
think about the recent law that passed
that now you could only write off 90% of
gambling losses?
>> I don't like any taxes anymore than the
next guy. You know, I mean, I some
people someone was saying the other day,
you know, like the income tax was
originally just a 3% tax in World War II
and it was supposed to be temporary and
now it's like 40% of everything you make
and there's taxes and taxes on taxes and
taxes and I just registered my car and
it was, you know, $3,500 to register my
car for the year. Then if you live in a
state where there's state taxes and so
forth and so on. And then the gambling,
they tax the living daylights out of
these out of the casinos and the casinos
almost always win. And then in the rare
event where somebody wins more than
$1,200, they want to get a tax on that.
I think it's ridiculous. And then I also
think that it's not good, you know, cuz
like if you gamble and you get $100,000
worth of W2Gs, you know, and but you
have more than $100,000 of losses. In
the past, you could just say, well, I
didn't win. It was a net loss. Now
they're saying you got to pay taxes on
10, you know, so if you lose a million
and you win a million, you still owe
taxes on a h 100,000. I I don't like it.
I don't think it's fair. I think it's
dumb. I think it's going to really hurt
the professional, you know, like the
poker players and the professional
gambling world and sports betting and I
really hope that that gets repealed and
uh we'll see what happens. I've heard
some rumors that it might.
>> Yeah. Why do you think it passed? Who do
you think was responsible for that and
what do you think is the objective of
that? just from your own opinion.
>> Yeah. I feel bad cuz like I don't know
anything. I'm just a guy that gambles,
you know? I mean, I think it passed
because it was part of some bill that
like nobody read. And it's like they
they just sit in these rooms and then
they all they do is argue with each
other and they say, "These people are
bad. These people are bad." And then you
know they try to get you to vote for
them and then if they get a people to
vote for them then they do something and
these guys do something and they hate
each other and then they just fight all
the time and then eventually they all
get really tired because they've been in
this room for like seven days straight
and someone's saying something has to
get done and then somehow someone puts
pressure on some people and then enough
people vote for it that something passes
finally and probably 90% of them haven't
even read the everything that's in
there. That's that's my layman's
understanding.
>> I'm going to give you my theory and I'm
like 80% sure this is correct. This was
just put in a much larger tax bill. It
was snuck in there.
>> People weren't going to vote that out.
My assumption and my pure speculation
guess is that it's probably the
prediction markets. someone associated
with for instance as an example like
call sheet or poly market or some of
these prediction markets where it's not
considered gambling and they could carve
out and they say okay 90% of your
gambling losses are deductible but that
doesn't apply to us because why else
would they do it they want to dissuade
people from gambling but prediction
markets they're making the case that
this isn't gambling this is a hedge
you're making with an educated bet it is
not random chance and because of that
they could sneak in the little
that gets passed and more people now go
into prediction markets. That's my
theory. I
>> I think the whole politics thing is
really interesting. It's not something
that that we ever talk about cuz, you
know, it'd be really dumb to talk about
something that would alienate half your
audience and I don't really have that
strong of opinions on any of it. I just
think it's all really dumb and they
should just everyone should just get
along and there should be like a law
that you can't just spend all your time
hating on your opponents and talking
crap. Why don't you just spend your
energy coming up with intelligent
solutions? Now I realize it's infinitely
more complicated. I was on the board of
my HOA and after a year I resigned
because I couldn't get anything done.
And every decision that we made, half
the people hated it and half people, you
know, didn't. So, um, I didn't like it
at all. But I think that the gambling
thing is kind of interesting. And it's
just the same as everything else. It's
all money and power and so forth. So,
you've got the, you know, you got the
the casinos, you got the online casinos,
you got the sweep stakes casinos, you
got the the prediction markets, and
these guys make a big donation to this
guy's campaign in this state. So, it's
legal in this state, but not in this
state cuz this guy's tighter with this
group. And it's all just a big racket to
keep all the politicians pockets lined
and all the lobbyists and everyone and
there's just so much money and then they
they don't want to make logical laws or
make things universally like let adults
make their own decisions because then
that would stop the whole shell game of
everyone getting in everyone's pockets
and having to pay all these lawyers to
figure out all these complicated things.
And uh I'm just quite honestly I don't
like it. It's nonsense. And it's like
it's like gambling or smoking or
drinking or anything. It's like do we
want to live in a totalitarian state
where someone tells you you can do this
and not this and you know whatever? Or
it's like are we big people? Let's just
make our own decisions and and do what
we want. We don't need the government
telling us what to do and not do. I
guess if I were to ever talk about
politics, that's what I would say. I
just I think it's a big scam and you
know there's like so much waste and they
waste so much time. I mean I don't know
like maybe the again I don't have the
answer. If I was president I wouldn't
fix it but like it's makes something
like a universal sales tax or something
like that but like the the IRS code's
like 80 billion pages long. Nobody
understands it. Nobody knows how to do
it. It's like oh you just hope you don't
get audited. And then even the auditors
some I've been audited three times in my
life, you know, they they they sometimes
can't even agree on things. And the
amount of records that they would expect
one to keep to be able to be within like
the letter of the law, it's just a big
extortion game in my opinion from the
people.
>> That was a phenomenal rant. I could see
you behind a big podium speaking this to
an audience, gaining a bunch of votes.
>> Well, I don't want to run for office,
man. It's it's a thankless job. And
again, I'm not saying that, you know,
like all like some I'm sure politicians
are very nice nice people. You know,
there people on both sides. [laughter]
Um
>> yeah, you're already doing it.
>> But I'm sure there are some they're very
nice people. But I'm just saying and
just looking at the gambling thing
because there's this there's online,
there's offline, there's the the tribal
gaming, there's this, and these are all
they all have politicians that they are
in with. And then they're they're
they're just jockeying and then they're
just and then they're trying to
undermine this guy and oh well I'm going
to get this passed and like what you had
suggested like oh well we're kind of
treated differently for tax purposes so
if we could screw them it would be
really good for us and I just don't like
it. I just wish people would just be
nicer. People just love drama and you
know and all that kind of stuff. And I I
just try not to get involved in our show
is kind of a break from all that. I mean
WBG's making just really dumb puns like
brilliant and does like rapid fire left
and right. People just enjoy his humor.
People like the father son dynamic that
me and my son have. You know our our
show is just a couple of idiots getting
together and gambling every day and
having fun and people watch it to get
away from, you know, all that craziness.
>> One thing I wanted to ask you about, you
mentioned this quite a bit in our
previous podcast, running for the HOA.
Why did you run for HOA?
>> Well, because uh my house got broken
into and I, you know, was like, why
don't we have better security? You know,
we pay all this money and, you know, I
say I was in an uproar and then I just
and then I started talking to everybody
and and then next thing I know, like
someone said, you know, you should be on
the HOA board and then I'm like, okay.
And then I like to win. And so then I
just like, you know, got all the votes
and I won in a landslide and then I'm I
find myself on the board and I don't
understand any of the, you know, how the
meetings are run and I'm just like they
would talk about the architectural
committee, you know, that home xyz
address is like 3 ft too close to the
curb and and I'm like, I don't know
about any of this. And they're like, oh
well this landscaping, you know, we
should be doing this and I'm like, I
don't care about this. And then the
security stuff, I'd be like, well, let's
do this. And then we'd get, you know,
we'd get a bid on it and be like, "Yeah,
that's a great idea. That would probably
work." Okay, so everyone's dues would go
up $1,000 a month. And I'm like, "Okay."
And then they're like, "People will cry
if you raise the dues $20 a month." I'm
like, "So we can't do that." No. Well,
what about this? Well, this is that's
what this is going to cost. And
everything costs too much money. And
then there's the people who don't want
to pay. They don't want the dues to get
increased. And then and then security is
a tough thing, too. Like we had the
chief of police come and everything like
that. academy is like there's going to
be crime. You know, the best thing you
can do is take precautions. Uh you know,
the sad reality is there's people that
are, you know, that want your things and
they will take them from you if you
don't guard them. And then getting them
armed. There's all kinds of rules and so
forth.
>> Well, that's why our HOA dues went up
like $150 a home times hundreds of of
houses. But yeah, it was uh increased
cost of patrol plus increased insurance.
>> Mhm. Yeah. And then it's like how many,
you know, how much area is there to
patrol because all they got to do is
like sneak in, sneak out. But
>> yeah, the crime. I mean, the these are
like all these topics are just very
very, you know, very very difficult. And
that's why I I I mean, I'm trying not to
be ever too critical about politicians
cuz they have an impossible job. It's
very, very difficult to come to
decisions that please everybody.
>> I really like that ring, by the way.
That ring is cool.
>> I like the uh on the side
>> versus 37s.
>> Yeah, the 37s. I noticed that you're
wearing quite a bit of jewelry. Yeah.
>> And you usually do. And you also pulled
up in a colonin like a very very nice
Rolls-Royce. And you said it was like
the black label one which is the
blackge. Black badge. Not black label.
>> Black label. That's whiskey.
>> Okay. The black badge rolls. Okay. I'm
not quite there yet. I'm not there yet.
The black badge Rolls-Royce. How much
did you spend on that rolls?
>> I'm a bargain hunter. You know, like I I
I bought it a couple years old. It's
still under warranty. I think a retail
was like 450. I got it for 280. Why did
you buy it? Because I love it. I don't
know. Like I say, I I just I don't know.
I like having fun. I like good things,
you know? Like I I I don't mean to
shamelessly plug my book, The Art of
Being Lucky, but I I I talk about all
that in my book. And a lot of it has to
do with like my childhood, you know, and
and it's actually I worked my ass off on
this book. It is hard to write a book.
Have you written a book yet?
>> No. you need to write a book, Grant. Uh,
you too. And it takes a lot longer and
it it's just really really hard to
encapsulate, you know, this is my kind
of my life story with like some lessons
and what I've learned and so forth. But
I went like I went to a really um upper
middle class high school uh you know
where it was really competitive. There
was a movie with Tori Spelling uh I
think it was called The Cheerleader or
something like that. Like I used to
babysit the girl that got and it was
like that was a their family friend. And
the reason it happened was because like
she was a really popular cheerleader and
then there was this other girl who was
like her family, you know, didn't have
the money and there was like a comment
made about her clothing and and and it
was so intense and just hard to explain.
Kind of like Mean Girls meets, you know,
whatever else. and and I just was a
weird environment and I was always kind
of an like I wasn't, you know, on the
football team. I wasn't like on the
front lawn, you know, with the cool kids
and whatnot. And so it just motivated me
my whole life, you know, to just do
better and to do, you know, to be. And
so sometimes like the trappings of
success, you know, like the Jets and the
Rolls-Royces and stuff, I can't help
myself, you know, but just kind of say
like, hey, I did pretty good, you know,
and so I just I get a kick out. My son
on the other hand, you he's got a Toyota
truck. He doesn't care, you know. He's
like, you like how many zeros in your
bank account, you know? Um, but I mean
the jewelry kind of started off as a
joke. I bought this because I thought it
um gold was going up and I bought it at
meltdown value and I wore it in a video
and a bunch of people said I look like
an old idiot and and that so the
engagement was good in the comments and
so I just said, "Well, I'm going to wear
it every day then." And then uh this I
had made just cuz I thought it was kind
of cool cuz we have this neat Vegas
matte logo with the handle and then
there's a a local uh jeweler here in
town. Shout out to the guys at Jewel
Trends. I They're really nice guys in my
neighborhood and they and they made this
for me. And yeah, so I wear this every
day. My wedding ring I've had forever. I
got this watch when we hit 100,000
subscribers and I've always wanted one
of these uh gold presidentials, you
know, that presidents wear. And and then
this this was a new addition. A lot of
people called it the unlucky bracelet
because I started really losing right
after I got this bracelet
coincidentally. And then I had it
cleansed with sage and stuff like that
in case it actually was unlucky. But I
got this um from someone again. I I just
bought it for I had my jeweler tell me
how much these diamonds were worth
individually, how much this gold is
worth. And I just paid slightly more
than what the meltdown value is. So it's
a decent investment. And it just kind of
is a thing, you know, Vegas matte flashy
jewelry, whatever. Yeah. But I I mean
it's it's a hybrid of my psychological
profile from my childhood and just I
like cool stuff.
>> How much did you pay then for that chain
and what's it worth now? Cuz gold's gone
up.
>> Yeah. A lot.
>> I bought it like 3 years ago and I think
I paid 10,000. It's probably worth
20,000 now. Something like that. It's
This one's 10 karat. This one's 18
karat. This This is like a pound of 10
karat. So whatever. I don't know the
formula to figure it out. But I mean,
gold is expensive now.
>> That's why I bought this watch. So, I
bought this watch about 8 months ago,
and I paid $12,500
for this.
>> And I bought it because the melt value
of this was like $10,500. So, I figured
I'd pay $2,000 basically for a really
rare Rolex. Yeah.
>> And now with gold prices up, the melt
value is worth more than I paid for the
watch. And so, I got a free Rolex.
>> Smart. Yeah. That's I mean those are
good like uh buying the you know the
right watches and stuff. If you're going
to waste your money, get something that
that you know saves value. The cars
obviously is just straight dumb. Jets
straight dumb. But uh you know we work I
mean we work so hard like I I don't
think there's anyone that outworks us. I
mean it would be difficult. And not
necessarily me, but you know, Robert and
EJ, those guys work like literally
probably 16 to uh EJ probably 16. Robert
probably more like 18 to 20 hours a day.
He doesn't sleep. And um so, you know,
every once in a while you treat
yourself, but that you know, you might
as well if you're going to make some
money you spend it, buy something
intelligent like so goodbye on that
watch. You want to sell it?
>> No. [laughter]
We had asked you this last time and it
went pretty viral and I I want to see if
your answer has changed any bit in the
past year or so. Would you say are you
addicted to gambling? I don't know. Like
I mean that addiction is such a complex
uh you know topic, you know, not an
addiction expert, but I certainly enjoy
it, you know, a lot. And it's what I
love to do. And and again, I think I
said earlier, even if I'm not working,
you know, or making content and I have a
free Sunday here in town, uh there's a
very good chance that I'm going to be
gambling. And I don't find many other
things as stimulating. You know, if I'm
on vacation, we were on a cruise
recently and, you know, we stopped in uh
Puerto Rico and you know, I went to the
beach and I walked on the beach for a
little while. I'm like, "Hey, I'm
walking on the beach, you know. I don't
know if you ever been there." I'm like,
"Yeah, I'm sitting in the sun." And then
it got kind of hot, you know, and then
we went to the shopping area, you know,
and there's nothing but the crap you see
everywhere. And like, I don't need any
of that. And then I went on a little
tour where they said, you know, in 1697,
this is where I forget now, but it was a
lot of history in Puerto Rico. And, you
know, this is in the all these statues
of presidents. and I drove around at the
main area and then I'm like, "Okay, that
was cool." And then we still had like 6
hours to kill, so I was like, "Ah, let's
go to the casino." So, I don't know. I I
mean, addicted maybe, you know, but I I
definitely I think I could quit, you
know.
>> How long could you go without gambling?
>> Uh I mean, not more than a day with cuz
I need to put out a video every day.
>> Let's let's remove that. How long could
you go without gambling until it gets
uncomfortable?
>> Oh, I don't know. I I've never done it
like in so long I couldn't even tell
you. Like I mean some you know I was at
my doctor today and by the way my blood
work was incredible.
>> Oh yeah. Uh my doctor asked me how often
are you in the casino and I think it's
probably 28 out of 30 days. I I I maybe
take 2 days a month off. Maybe it's
probably more like 29.
>> Would you say the world would be a
better place if gambling was illegal?
>> Oh I don't know. Uh, [gasps]
I mean, if gambling was illegal, like I
would think the world would be a better
place if you know if as long as you
didn't like hurt someone that you could
do what you wanted and you didn't have
someone telling you what to do. You know
what I mean? Obviously, like violence
should be illegal, but I don't I don't
think that something that an adult
chooses to do is should I someone else
should be able to tell me what I can and
can't do with money that I've earned and
paid taxes on. So, I don't know. But
does it cause harm and stuff like that?
I would I would imagine yes. You know,
there are people who maybe don't have
enough money and then they start
gambling and they think that's going to
be their ticket to ride. But then again,
franchises,
you know, a lot of people buy franchises
and they think that they're just going
to, you know, it's going to be easy.
They got to buy a franchise and then
they open up the doors and nobody comes
and they don't follow the playbook and
then they lose their life savings on a
franchise. So, should franchises be
illegal? A lot of people think, "Oh, I'm
I watched Million-Dollar Listing. I'm
going to become a realtor and that's how
I'm going to make my fortune." And then
they don't work hard and they don't
follow up and they don't respond to
their texts from clients and they don't
do anything and they don't show any
houses and they or they're too dumb to
pass the test and they don't make any
money becoming a realtor. So should
should becoming a realtor be illegal?
Where do you draw the line? Like I don't
I just think you can lose money at
anything and so I think people should be
able to make their own decisions. I I
don't really I'm not really big on
people telling me what to do.
>> I tend to agree. I think everything in
life is kind of a double-edged sword.
Some people are going to benefit from
the exact same stimulus and then other
people will suffer consequences from the
exact same stimulus. It's just kind of a
matter a matter of like, you know, where
you take the hand that you're dealt.
>> Yeah. I mean, it's just like trying to
legislate behavior and stuff is just
it's just impossible. And if you made it
illegal, then there would just be more
illegal gambling. The new debate right
now is whether or not the prediction
markets are gambling and whether or not
that is considered gambling or that is
something that you could have an
educated
um you know place of money on. Let's say
like instead of betting what the weather
is, you have a historical you know
knowledge on what the weather is in
Boston tomorrow and can place money on
that.
>> It's it's gambling. I I don't know.
You're asking me if it's gambling. I
mean I I know that on the prediction
marketers you can bet on the football
game.
>> Yeah.
But but you could argue and they argue
that some people have uh more knowledge
than others on which team is
statistically more likely to win and
therefore you could have an edge based
on your experience with that thing.
>> My answer would be who cares? [laughter]
Do it all. It doesn't make any
difference. It's stupid. It just gives
more lawyers and politicians and
lobbyists and and people excuses to take
money from people and find people and
run their whole extortion racket. That's
my opinion.
>> It does. But then what's interesting is
that people don't view day trading
stocks or buying options or selling
options the same way at all.
>> It's even though to me that's riskier
extremely risky.
>> Not not selling options but covered
calls
covered calls. Nothing wrong with cover
calls is a good strategy. WBG taught me
that one. But it but again, all these
young kids, I've seen so many of them uh
and and some of these rackets that come
along with like, oh, some super duper
trading software and people think
they're going to make money trading
options or trading commodities or
whatever it is. I don't do any of it,
but like I've seen countless people,
they go, "Oh man, I've been doing it on
test mode and I'm making 10% a day. I'm
about ready to go in." And then they
take their whole IRA and put it in. and
they start trading it on this software
and then they have there's one really
volatile day in the market and then they
lose everything. Happens every single
time. That should be illegal, but you
know, or should it? I just don't really
believe in legislating people's behavior
unless they're hurting somebody. That's
just my opinion.
>> I am curious now that you're going to
these casinos all the time and you're
you're more popular than you've ever
been.
>> How difficult is it now becoming to go
gamble publicly? We uh I walk into, you
know, some of the casinos that we play
at regularly and there are fans there
just like waiting to get pictures and
it's just so humbling and I I just
absolutely love it and there and 99.9%
of the people are just so nice and it's
just like they I feel like I know you.
I'm like well you do you listen to us
every day and and uh and it's it's a lot
of fun and we generally now play places
where they make it really easy for us to
film. So once I get done, you know, with
all the hellos and the taking of the
pictures and so forth, once we set up
and we start filming, there's usually a
little bit of a perimeter around us,
weirdly, and and people watching and
saying, "Hey, you know, they'd love to
take a picture with you. Let's wait till
they finish filming." And it's it's
super fun. Like every day it's imag like
I never would have dreamt that there'd
be people that would even give a [ __ ]
about taking a picture with me, you
know? Now, there's like I'll come out of
the high limit room and then then the,
you know, the casino manager or
whoever's with us will say, "Okay, you
guys line up." And then there'll be like
a line of like 20 people to get a
picture. It's so it's so awesome. And so
it takes me, you know, five or 10
minutes, but it's just the most
flattering thing in the world and it's
fun and the people are super nice and
I'm so happy that they watch. We
wouldn't be anything if it wasn't for
all those people. So, it's a little more
complicated to film because of the the
attention, but it also makes it more fun
and and we get it done. What's the
craziest gift you've ever received?
>> The craziest gift, bar none, we meet
these guys, they want to do business
with us. We had never heard of them.
We're at the Super Bowl and um we're
texting or our manager's texting them
and says, "Hey, blah blah blah." And
then she texts us says, "Hey, these
guys, they seem nice. They really want
to meet you. can you meet him, you know,
in front of this bar in New Orleans? And
so we meet him and then they're like all
in suits and we're like just martyroing
it up and and we start walking and
talking with them and they're they're
pretty nice and um and we ended up on
this like this park and we just sitting
on like a park bench with like seagulls.
I it was weird and and and we're having
this like somewhat serious meeting and
then at the end they're like well it was
really really nice to meet you and by
the way we we we brought you a gift.
congratulations on hitting a million
subscribers. I'm like, "Oh, that's
nice." And there's this bag and it's
tissue paper and stuff. And I open it up
and it's a it's a Rolex and it was it
was silver and I'm thinking, you know,
it's probably a stainless bra. It's
$10,000. It's a you know, pretty decent
gift and from some random guys that are
just trying to do some business with us.
And then uh and then I open it up and I
and I put it on. I'm like, "Wow, it's
heavy." Like, "Well, it's platinum." And
[laughter] it was like a solid platinum
presidential Rolex as a just a random
gift that someone gave us. So that was
that was interesting.
>> It's probably worth 40 to 60 grand.
>> I think it was 65 retail.
>> Wow.
>> Did you end up doing business with them
>> after a long courtship? Like that was
kind of an interesting first date, but
yeah, we ended up doing business with
them. And I think it's actually a smart
strategy for anyone watching. I mean,
got us a a $65,000 gift for us. I'll
take it.
>> Yeah. you guys. But uh yeah, funny
enough, we did and I think that
definitely got our attention. But uh
yeah, that was a weird that was weird. I
forgot about that. Thanks, EJ.
>> Wow. Now, for a lot of the casinos,
what's the biggest deal you've seen in
terms of offering influencers to use
their product or to gamble at their
casino? Uh, I can tell you this much
that one of my friends who is in this
space who had been doing it a lot longer
than me, we sat at dinner at the
Cosmopolitan and I'm young and fresh and
I've always been in sales and I'm
enthusiastic and I [gasps]
and I'm like, man, these casinos,
they're going to they are going to pay
and they're going to be dying to have us
and I I'm so mad. We got kicked out of
the, you know, for filming or whatever.
He's like, they're never going to get
it. Believe me, I've been beating my
head against the wall for years. they're
never going to get it. And I go, they're
going to get it. They're going to see
the value. And I can just tell you, it's
come a long way and it's getting better
all the time. And the casinos that have,
you know, done intelligent deals with
influencers, uh, are really seeing the
benefits. And I think it's still very,
very out of whack. like the money that
the influencers are making for the
casinos,
they're they're getting way the better
end of the deal. And I think there's a
lot lot more room for the influencers to
make even more money before a true
equilibrium that's fair is reached. But
they're some of them are getting more
and more uh generous all the time. It's
getting better and better and better. I
It's a really fun space and it's been
fun being involved in it and watching it
kind of come from you can't film here to
please will you come here, we'll send
you a plane. It
>> was quite a it's it's it's quite fun.
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hopey in New York. For the average
person, what's the best way to get comps
at a casino? Well, I think that one is I
I would suggest, you know, you pick one
casino or casino group and you play
there consistently. You always use your
players card. You you swipe your card at
the kiosk, take advantage of all the
promos, read the mailers that they send
to you and so forth. So, just I think
it's just a matter of playing. One of
the mistakes a lot of people make is
they'll go and they'll play and they'll
they will only play just a little bit.
like they might just go like that, oh, I
have $100 in free play and they'll go
and they'll take the free play and then
they'll leave. And what they I think the
math it's all varies, but but for the
most part they do it based on your
average session, you know, from your
last x number of visits. So, if you're
going to play, you should play quite
quite a bit at at the casino. And if you
want to like maintain your offers and
earn the most comps, which was your
original question, I'm not saying I'm
not advocating gamble more than you
should, but if you're going to it, don't
hit and run. If you want to build up
some good uh comps, you want to have
when you go and go gamble at a place
like if you go to Vegas for the weekend,
you want to do the majority of your play
at the place where you're staying, you
know, so you so you put a lot of coin
in, you know, they look at you that the
the the EV that they're their expected
win from you is higher and then because
that's what's going to determine the
offer that they send you next.
>> So here's what's interesting. We went to
a casino and a buddy was playing
blackjack. went to talk with the person
in charge of I guess comps. They looked
at his play and they said, "Hey, listen.
You're only playing $25 a hand. We can't
offer you any comps. You need to play
minimum $100 a hand to start getting
comps." And the comps would include free
food or free hotel things like this.
>> Slots come up a lot.
>> Comps are a lot better from slots than
they are from tables.
>> Yeah, this was for table games. Uh take
because think about it, blackjack is
really a half percent or let's call it a
1%. People don't play perfect 1% hold
for the casino.
>> So if you're betting
$100 a hand, they're making
mathematically that they're making a
dollar a hand. Less labor cost,
insurance, you know, security, etc.,
etc., etc. It's not like there's a lot
of meat on the bone. Now, contrast that
with slots. Every $100 you put into a
slot machine, they're making 8 to 12%
more than likely. So, they're going to
be able to comp you a lot more. Plus,
there's no they're not paying a dealer
for a slot machine. It's just
electricity. Uh, so yeah, the comps on
table games, I think that's probably
very accurate. You know, you you're a
big table games player, you're going to
get comp. You know, you're playing
thousand hands of Bak Raw, you know,
every hand if they're making 1%. I mean,
it still is only 10 bucks.
>> It just seems like the bar has risen so
high. Like I remember in 2011 I could go
to M Resort,
>> spend 500 bucks for the whole weekend
playing craps and table games. They
would compass free food every single day
and every third trip you get a free
room. And that was spending like $500
at, you know, uh crabs.
>> Yeah.
>> Back then. And now I I can't even
imagine how many thousands of dollars it
would take.
>> It's gotten very corporate Vegas. like
in the '8s, you know, when I was young,
>> uh, it was the power of the pen and a
lot of it was your relationship, who you
knew, you know, there were some people
who were really good at working the
hosts and they thought they were much
bigger players than they were. And I
mean, the it was a paper comp slip, you
know, and they would just write up a
comp.
>> That's what I used to get. And nowadays,
uh, it's all computerized and it's just,
you know, it's formulas and it's like,
okay, profits are down. We're going to
change the point value on this, that,
and the other thing. And it's all very,
very, very corporate with the
multi-billion dollar corporations
running most of the bigger casinos. And
so, yeah, I think that has a lot to do
with it. It's corporate greed. I like
the good old days, you know, uh, I was
going to say when the mob ran this town,
but I'm not going to say that. Uh, but I
guess they did. I mean, wasn't it like
in the history, didn't Bugsy Seagull and
those guys? I mean, I'm just just a
historian. Uh, you guys, we should
definitely talk to EJ and WBG a little
bit too because those guys you talk
about when you think of Vegas Matt like
it's not Vegas Matt like me. It's Vegas
Matt is, you know, me, Robert, EJ, John,
the whole cast nowadays. And um but I'm
I'm uh happy to answer a question, but
don't want you to forget to talk to
those guys because they are the heart
and soul of this of everything that we
do and and they do all the work.
>> So, we're going to ask you a couple more
questions and then get on to the
finances of everything because we're
very curious. We're like a financial
podcast, but these two questions that I
have first for you. What is your dream
gamble?
>> My dream gamble.
>> Yeah. Like is there something that
you've always wanted when you're at the
casino? hitting this one bonus or maybe
like putting a million dollars on a hand
like Dana White says or betting on one
thing or another.
>> Well, I I mean, right, I want to get the
million dollar grand, you know, or the
$2 million grand on Dragon Link, which
is, you know, something that it's like
the prize that, you know, that doesn't
hit very often. Some people have gotten
it. I've never gotten that. Uh there's a
game called Buffalo Gold Collection
where we want to get the 15 Buffalo
Heads. There's a game called Wolf Peak
where we've never gotten the bonus.
We've probably put hundreds and hundreds
and hundreds of thousands of dollars
through the machine and we've never
triggered the bonus. So, we're going to
get the Wolf uh Wolf Peak bonus. Be sure
to ask that question of EJ and WBG
because I'm sure there's stuff that I'm
forgetting. Uh I've talked about doing a
million-doll hand. Um the problem is is
no one will take the action. You know,
we
>> What about Dana? I I think you know he's
got special you know special uh
>> but you could go headtohead with him.
>> Yeah, I suppose. But does he bet a
million a hand? Does does Caesars or
whoever take a million hand?
>> I don't know. I thought it was like 250.
>> But you I'm saying you and Dana could go
you play the house or he plays the house
and it's just exchanging 1 million from
one person.
>> Well, that would be illegal.
>> Is it?
>> Yeah, I think so.
>> It could be for entertainment purposes
only.
>> Games or gamb. I don't know. Like you
say, everything's illegal.
>> He I'm sure Dana could get a license if
he
>> Yeah. I mean, give him a call. I'd love
to I'd love to see him again. And I
haven't seen him in a while. We me and
Steve and Dana played uh slots and
Dana's like, "Slotss? The hell's wrong
with you guys?" And then Steve was like
fast spinning $250 spin huff and puff
and I had like me, we were chopping the
ticket, you know, so I'm like, "Slow
down there, Steve." And I this guy's
great. And then boom, he hits something.
We won like $37,000. And then Dana's
like, "Wow, that's really cool." And it
was a great video. And Dana was very
nice. I don't know him well enough, like
I don't have his phone number. I
couldn't text him and say, "Daniel, you
want to bet a million?" But that would
be really cool. If you guys arrange
that, I'll definitely go. Uh, but the
casinos like you'd be surprised like uh
the the limits are not that high. Now,
you can negotiate special limits like if
you put five or $10 million, they don't
want just one hand for a million
dollars. You know, they might get really
beat. They want you to put up front
money or wire in $10 million. Then
they'll let you play maybe a half a
million a hand or something like that
cuz they they they have a very good
chance of beating you for the whole 10
million because you're not going to play
one hand and quit.
>> Why not do four hands at the same time?
$250,000 each.
>> No, it sounds fun to me. Uh
>> you don't think they would allow that? I
you're you're splitting the risk more.
>> Again,
>> you want one hand, $1 million.
>> I mean, that would I just think it would
be cooler to do like one hand for a
million dollars. Like when we hit a
million subscribers, that's what I
wanted to do. Um, but we couldn't find
anyone that would take that bet from us.
The biggest we got was uh the peppermill
said they take $100,000 and so we did a
$100,000 hand to Bakar. And I'm telling
you, I almost passed out. I mean, that
was that was a lot, you know. I mean,
$100,000 is a lot of money. And it was
like $100,000 one hand of Bakarat and
then we got like a natural eight or
natural nine and I just jumped up and
then I almost passed out. Uh, it was
really funny.
>> What was that feeling like?
>> It was awesome. I mean, because it it
felt so great to win. I would have felt
like a complete idiot. Like, all right,
we hit a million subscribers and to
celebrate, I'm going to lose $100,000.
You know, that's just dumb. So, it's
always always the videos do better when
we win. But, you know, people always
say, "Oh, it's rigged. They're paid by
the casino." Like, I wish. Oh, it's real
money. You know, I mean, yes, we make
money, you know, but that's my money.
That's like saying a doctor comes and
gamles and says, "Well, it's not really
his money cuz he makes so much as a
doctor." Like, well, okay, we make a lot
of money as a YouTuber, but YouTube
sends me my check and I go and gamble
it. If I lose it, I lose it. The casino
is not going to give me the money back.
You know what I mean? So, but it's much
more fun when you win those big hands,
but it's terrible when you lose them.
>> If you could only play one game for the
rest of your life, what game would it
be? If it was a like a casino table
game, uh Bakar I think we uh again we
all of us uh have popularized the game
of Bakar and I think that Vegas Mat
started playing that a lot and and we
you know we peel the cards back you know
like it's kind of the tradition in the
in the peel bakra game and everyone
always comments they're like you guys
are so obnoxious bending those cards you
know you think you're so special and
it's like It's part of the culture, you
know, like you you look in the big high
limit, the Asian, you know, gaming. It's
like that's what they do. They sit there
and it's a very social game and and so
whoever bets the most gets to touch the
cards. That's how it works. So if you're
the one, if you're the biggest better,
they push the cards to you and then you
get to look and you peel it up and you
see, oh, there's three dot there's three
diamonds. Okay, it's a it's a six, seven
or an eight. Let me look at the other
one. No dots. It's an ace, two or three.
And you know it's it's it you could
build tension and it's it's fun and
everyone's around and you're all betting
you know either player or banker. It's a
very social game. So like when we go out
at night and we're you know we're all
having fun we always end up in the in
the baka. The other night we were
playing and we first of you know I don't
know how this happens. We always bet
banker uh and so we sit down banker and
then we just run into it like an eight
player streak. So, you know, first we
bet a,000, we bet a couple thousand, we
bet 6,000, we bet 10,000, and we got to
the point where we were down 65,000 in a
matter of like about seven or eight
hands. And there was a few of us kind of
going in on it. And then we bet $45,000
on one hand and then we finally won and
then we won a couple more and we ended
up breaking even. But that was like a 45
minutes of just absolute hilarity and
fun. So, it's a So, long answer to short
question is love Bakar. That's dangerous
because it makes me want to gamble what
I just said. But I'm not I can't I can't
do that.
>> Hypothetically, if you could be the
house, would you put up a million
dollars against a hand of black? No.
>> But if you were the house, you'd have a
an advantage.
>> Half percent.
>> Would you?
>> No, you wouldn't. That's a horrible
question.
>> Why would that be a horrible question?
>> Because why would I do that? You have a
statistical edge. my life if I get a
million dollars right now would be maybe
maybe
10 to 15%
like like better than uh if I lost 1
million my life would be like 100%
worse. So, like that's, you know what I
mean? Like I saying the risk what?
500,000 each.
>> No, if you had a chance to be the house,
you should definitely do it. Like I
mean, but but maybe one hand, but if you
could be that, if you could be the house
for a month, then you'd win 100% of the
time,
>> right? But like me me doing a million is
like is the same thing as me, hey
Graham, would you do it $10 million?
You're the house. Would you do it?
>> Well, one hand.
>> No, I wouldn't do it.
>> There you go. I mean, I think it's
>> But you would do it if you could be the
house for like if you could take the
houses side with any casino in this town
for a month.
>> Oh, yeah. It would take you crazy not to
because you're going to the one hand.
That's why the casinos don't even do it.
>> One hand. Yeah. That one hand is is
risky, but you know, being the house is
>> my understanding with one hand on a hand
of blackjack, if you're the house, you
have a 53% chance of winning. One single
hand. I know this because I go to the
casino a lot and I just place one bet
and that's it. one bet. If I win, I
double, and if I lose, I walk away. And
so, I've always gone in thinking, where
am I gonna get my best odds? And it's
usually bakarov because blackjack,
you're not likely to win on one hand.
You're likely to get 50/50 over like 10
to 20 hands.
>> Well, I mean, that's that's cuz every
time you play a hand, you're giving away
a little bit more. So, the best gambling
strategy, if you really wanted to
maximize it, if you had a budget of
$1,000, would be to bet it on one hand,
then just and then quit. Yes. regardless
of what happened. And then you and then
over time you probably would win about
half the time,
>> you know. So that's a smart strategy. No
surprise, young Graham.
>> We want to talk about some YouTube
numbers, the business you guys are
doing. So we're going to bring EJ on
here.
>> All right. So we've brought EJ on as
well because you're kind of like the
brains behind the finances and YouTube
strategy, money strategy, right?
>> Sure. WBG and I Yeah.
>> So how much are you allowed to lose per
video? I don't think we really
think about it in those terms anymore. I
think that the expected loss of one of
our videos is probably around $4,000. So
that's our uh cost. That's before like
any free plays or offers we get just
from our play, which is generally in the
range of I don't know 300 to a,000
dollars per day. So we don't really
think about it like that anymore. We can
fortunately now we could lose a lot on a
video and it wouldn't make much of a
difference. It's all as long as we are
making the right decisions and we
understand what the results could
potentially be, we will do things smart.
Like we we did $1,000 a spin for hitting
1.25 million.
>> And we figured, okay, we could possibly
lose a h 100,000 if we do $125,000 spins
in a worst case. And we're like, we can
live with that. That's not the expected
result. The expected result is probably
lose
uh 14 15,000. We lost a h 100red and
there was a big contingent of people
blaming me for that. But it went about
as bad as it could have possibly gone
and we lost 100 grand that day.
>> We actually made an I blame EJ t-shirt.
So people blamed him because we switched
machines and and everyone blamed him for
switching machines and but we ended up
doing well on the t-shirt.
>> No. Yeah. We might have made a couple
thousand dollars on [laughter] the
t-shirt, but
>> No. Yeah. I was just like, "This machine
seems cool. we should switch, which by
the way, it does not matter. Every time
you push the button, it's an independent
event. We could have potentially done
worse. It's not likely had we stayed,
but yeah, moving in hindsight was a bad
choice.
>> So, what type of calculations do you
guys do to know how much you can lose?
Like, or is it just kind of like a ah we
could probably lose 100 grand on this.
Uh we could spare 50,000 here.
>> I think that
uh you're maybe giving us more credit
than we deserve thinking about it that
way from the beginning. And again, WBG,
who we'll talk to in a minute, he said
like, "We can't afford this based on
projections of what we will make." And
then there was moments, and credit to
him for giving us the confidence to go
forward and do it. And now we don't
think about it because I mean, you guys
know how YouTube is, and it it's it's
good. And if we lost a million dollars a
month, it would we would go bankrupt.
But um we generally don't do anything
too crazy except for maybe a couple
times a month where we could lose
upwards of $100,000.
>> How often do you balance the budget? Is
it weekly, monthly, quarter?
>> So like he mentioned earlier, we have
that fund of money that we keep for
gambling and then add to it as needed.
And right now there's just a surplus
because we've done so much winning. So,
we're kind of just in a very comfortable
position where we we don't even really
need to think about it because this
money has already been allotted to the
gambling. And until that such time as
that money is gone, we're we're just
making all the money from the content.
>> How much do you have in the fund right
now?
>> About $156,000. But I mean, I don't pay
that close.
>> More actually.
>> Yeah. Yeah. It's like 210.
>> Oh, really?
>> Yeah. 210 in that fund. The gambling
fund.
>> It was up to over 300, but there it's
taken some hits. So, you just don't see
that money as yours.
>> It's his and it's theirs. But they it's
just that money is what we use to make
the uh videos and we'll add to it as
needed. But hopefully we just keep
getting lucky and win. But yeah, you
like you think about it. How do you view
that money? Like it's already gone in
your mind, right?
>> Like I said, I think when when it's
depleted and it gets to the point where
every day we have to add to it, then
it's really painful, you know? But once
there's like a little bit in it and it's
like ah it goes up and down and as long
as there's still money in that fund. I
mean I'm thrilled. I haven't had to add
money in a few months.
>> How much would you have to lose to quit
the channel?
>> I mean it it'd be a lot. It's it's as
you guys know you have a podcast and you
get a lot of views and hopefully you'll
get a lot on this. I'll encourage our
audience to watch it. I mean there's a
lot of money to be made in this and that
and then with sponsors and all that
other stuff. I mean, you know, after
doing this every day and as hard as
they've worked on this, you know, we we
I don't I don't think we could lose.
>> How are the finances like split up
between the people? Like is it like even
kill?
>> The three of us are even partners.
>> Mhm.
>> Do you ever have any disagreements
because you're all even that like one
person believes very strongly for one
thing and the two like outnumber the
one?
>> We get along surprisingly well. Uh, I
would say
>> yeah, I think that um
WBG and I generally agree on like
anything content related most of the
time and he doesn't really feel too
strongly about any of it. So, he just
goes and has a good time and then if he
ever feels really strongly about
something, we do it. So, it it never
there's never been an issue. The only
>> I'm in charge technically.
>> Sure. Yeah. If you're gambling then off
camera, is that with your own money or
was is that with like the
>> his own his he calls it his walking
around money. Okay.
>> That's just the money that he keeps on
him. That's his own. It's separate from
the the budget that we used to produce
the video.
>> The $3,000 coffee was your own money.
>> Oh yeah. I mean I couldn't go, "Oh guys,
I was at coffee and I lost $3,000."
>> No, that wouldn't fly. No.
>> So it's like So like this is my walking
around money.
>> Oh, can I hold [laughter] it?
>> Uh and it's heavy. Let's see. Yeah,
>> that's
>> and so so like this is this is this is
because and see the stuff is a different
color that's like the the you know like
the ones and fives and tens and 20s but
it's mostly hundreds and this money clip
by the way was a gift. We got a money
clip from one of our fans and it's the
best money clip and and and huge
>> and and it can hold it can hold 150
bills. So 15,000 is the capacity and
this is available at the Vegasmat.com
merch store where where uh thousands of
lucky people have this very money clip.
>> So how much do you have that in cash?
>> I'd say this is about 9600 bucks it
would be my guess. So you as a young guy
with 33% of the money that Vegas Matt
channel makes, I imagine you're probably
doing pretty well. But he said you still
drive like a pickup truck.
>> Yeah. Despite his best efforts, I
thought and a few people have convinced
or are talking me into buying a more
expensive car, Ferrari or something
along those lines. But I don't I don't
know.
>> What are you doing with all the being
young and like making a lot?
>> Just working, putting the money with the
rest for now. as soon as it's enough to
retire forever, then I'll really maybe
>> So, what are you doing in the meantime
though? Are you investing it or is it
>> Yeah, investing it. Yeah, I have a
financial adviser and uh he invests a
lot of it in the stock market.
>> I I buy uh gold and crypto and whatever,
but for the most part just letting my
guy handle it and I focus on this. So,
>> what is that amount that you said is
enough to retire forever?
>> I don't know. I you know, for a long
time he said 10 and now he's saying 20.
So, he's moving the goal post. It sounds
like
>> I think I hear five, but I don't know.
>> Um
>> I think you need 20.
>> Yeah, if you I don't know. We'll see.
>> What do you guys know? Like what do you
think a really comfortable retirement
house
>> How old are you?
>> Uh 31.
>> Okay. So, I mean I would
>> depends on how much you like living in.
Yeah. You could do five, you could do
two 10, you could do 20, maybe 30. I
mean
>> I asked Jad GPT. I I I put in all my
different portfolios and then I ask it
how I'm doing and if I could retire and
it says, "Yeah, you probably could, but
you'd have to adjust your lifestyle."
And I'm like, "I don't really want to
adjust the lifestyle just yet." So,
>> he wrote like a chat GBT net worth convo
that you could just prompt it and say,
"What's my net worth today?" Like, you
know, it's pretty cool.
>> Yeah. I would say like at your age, a 3%
withdrawal rate is probably reasonable.
So, if you have 10 million bucks, 300
grand a year.
>> Yeah, it's great. I mean, you could if
you weren't like gambling or doing
anything. I mean, I you could probably
live on 300,000 a year.
>> Yeah. Easy.
>> Probably you could certainly
you could with your $3,000 coffees. You
could certainly live off of $300,000.
Very, very, very comfortable. I could.
>> Yeah. Yeah.
>> What are your thoughts on Bitcoin?
Because you guys are pretty early in on
Bitcoin. I'm saying that and you're
like, I don't think about that.
>> I haven't uh been able to give it too
much brain power lately. It's just
focused on this. I think we actually
when we talked to you last, I don't know
if it was on the podcast or not, but you
said you just dollar cost average and
don't even think about it. You still do.
Yeah. So, you're doing really well. And
>> I've been meaning to just dump all the
altcoins and just hold Bitcoin in and
dollar cost average that way cuz I don't
want to give it.
>> I told you to sell all the Ethereum at
4,400 and you and you were
>> You said 10%. You did not say all of it.
You said sell 10%. But you changed it to
sell 100%. You're like, you cost us
hundreds of thousands.
>> No. You guys invest together?
>> Well, yeah, I manage the crypto just
from back then
>> when it was like all so wild west. I was
>> making sure we didn't get hacked or
whatever. And so it's just still in that
>> those accounts.
>> I got hacked. Uh they when they they did
a a a SIM swap and all of a sudden my
phone just went dead and it says, "Oh,
your SIM." And I'm like, "What?" And
then uh they got into my my email and
everything else, but he had it uh set up
with uh two factor and like a lot of
really higher security and they weren't
able to get anything. And then they then
they sent me one time my wife was
getting out of the shower and this
sounds kind of weird but I just like I
snapped a picture of her for some
reason, you know? So she's like naked in
this picture and I had it on my phone
and uh sorry her face wasn't it.
>> How do you know that?
>> Actually no they don't know. Let me
finish the story. So, [laughter] so, so
I had this picture of my wife on my
phone, right? And then they got into my
iCloud and everything when they did the
SIM swap. And then they they texted me
and they said, "It's the hackers." And
then they're like, "Yeah, and if you
don't send us this, I'm going to show
your wife this picture." And I text,
"That's my wife.
>> Why did you tell them this or why didn't
you play along?" Be like, "No, don't. I
said it's my wife." And you're giving
them more like
>> go f yourself. Like I just sold them to
just go to to pound sand and they didn't
get anything. I wouldn't have said that.
>> If I was the scammer, I would have been
like, "Okay, I'm gonna release this
picture of your wife." I would just be
like, "Oh, don't don't do that."
>> I mean, she's a Pilates instructor.
She's like really in good shape. I don't
think I wouldn't I wouldn't be
embarrassed if I was ear.
>> Yeah. No, it's it's funny. It's a good
story. But yeah, they So, they would
have been able to get into his Coinbase
account with the text. That's like a
very common hack, but they didn't.
>> Thankfully, we dodged a few bullets in
the crypto space over the years, so that
was good.
>> FTX, he calls me at like 11 o'clock at
night and he's like, "Yeah, we got to
get all your FTX out." And and then so
he did a bunch of stuff and then I and I
tried I go I want to get some cash and
so I like I I did a a for $50,000 and
then overnight when it took the a so
every we got all the crypto out but the
50,000 of cash that I tried to take out
just disappeared and I and then I'd
never like they send these forms for the
bankruptcy and I've never filled them
out. So
>> you never filled them out?
>> No.
>> They're paying back 118%. They have a
recovery over 100%. I know, but it's
just so complicated and I don't
remember. And and
>> they're paying back dollar for dollar.
>> Can you get I'll give you half the money
if you can get my FTX.
>> I think it's too late.
>> Oh, is it? I have 50 grand that
basically I did an a night that it went
down and I never got the money and they
owe me 50 grand. So, if there's any FTX
administrators listening, uh, your forms
are too complicated for old people to
figure out
>> figure out how to submit a claim.
Seriously,
>> a little late, but
>> I you you might be passing caught up. I
don't know.
>> That's the great thing about being
>> chalk it up to we lost that day. You
know what I That's the great thing about
being a gambler cuz like anything that
happens you can always say ah just
pretend like I lost it you know or like
if a Christmas gift is kind of expensive
like well if I had won I could have
afforded it like money takes on a weird
uh thing when you're a gambler.
>> What's Christmas like with you guys? I
imagine you're getting pretty crazy
presents for each other. I would imagine
we're not getting anything for each
other is my guess because like there
like we don't need anything like I I
like to give stuff like uh my neighbor's
doing u an event at Allegiance Stadium
like the largest event for veterans in
the history and so like I would rather
just give money uh which I do a lot of
by the way to the haters that you know
cuz like there's this kid bluff who's
great uh great great friend of ours you
know and he's doing a lot of real public
giving you know like buying tacos for
everybody and stuff like that. It's like
I I do a lot of giving like privately
and they're like you should be more like
bluff and give money away. It's like
mind your own business. Why don't you go
start a channel and you give your money
away? But I mean I I don't DJ doesn't
need another watch or anything like
that. I'd rather give money during this
season.
>> It's cool. We just My sister just had a
kid, so this is going to be her second
Christmas. But that's going to be fun.
Like when she gets older, buying gifts
for her and being able to spoil the
grandbaby is going to be a lot of fun.
So, I'm curious now for the business,
what does the income look like? Where
are you making the most amount of money?
Where is the money coming from?
>> Yeah. A large portion of it is uh
YouTube and then another large portion
of it is uh sponsors. And then something
that we really love that is all of our
passions is the merchandise. You can see
him and I wearing it.
>> Love that the fans support it. Love that
they enjoy it. We try to produce stuff
that they'll enjoy wearing and that is a
smaller portion of it. I would say maybe
the breakdown would be 50/50 with
YouTube and sponsors and then some
merchandise and stuff
>> without getting into too much detail.
But
>> and if you're trying to expand the
revenue of the business, what do you
think is the best way to maximize that?
>> Well, if we're trying
>> to grow the business, yeah,
>> if we're trying to grow the business so
we make better videos and grow the
audience and then in turn more deal flow
will come in and more ad revenue from
YouTube. So, it all comes down to making
the best videos you can and having the
most fun, which he specializes in.
>> Do you worry about YouTube cracking down
on these sorts of videos?
>> So, I thought they just announced a new
like an age verification or you're not
allowed to link or show certain things
on screen.
>> Yes, we do worry about that. Yes, the
policies have changed quite a bit. Brick
and mortar, they still uh they don't age
restrict it. Um, but online, I think
that there are companies in the online
space that are maybe bad actors. So,
they're trying to navigate that and they
can't distinguish between the online
content that aren't bad actors and the
ones that really are. So, they're age
restricting online gambling at the
moment. But, I think that they'll be
able to flesh that over time and figure
out which online casinos are regulated
and which ones will be tolerated, not
tolerated. But for now, that that's a
bit of a tricky space. He's more worried
about it than I am. I think YouTube
enjoys the ad revenue from all different
casinos and stuff a little bit too much.
>> Casino recently, it seems like YouTube
just announced this new AI moderation
tool that is going through flagging
channels and then having them deleted
overnight. And it seems like what
they're doing is they're going now back
years and then just flagging all these
videos concurrently. And then all of a
sudden when you get a few strikes, the
AI tool just removes the channel. you
request a review and then it just says,
"Oh, immediately afterwards, it's all AI
now."
>> Oh, sorry. Your content, you know,
doesn't go against our guidelines.
Deleted.
>> I think that that's why it's important
to have a rep, like when you get to be
RSIs and the rep would be able to
>> fix that if it was wrong. But yeah, it's
it's worrying, but that is the space we
play in, and so we have to
>> I have seen though even with a rep.
>> Yeah.
>> It seems like it could take weeks,
>> right? And that would be a bummer.
>> Yeah. So follow us on all the different
social medias just in case anything ever
happens.
>> I guess I mean I'm almost to a point
where I guess you know what good does
worry do and if it did happen it'd be
like okay well you know now I don't have
to go film a video every single day. And
there's other there's other revenue
streams and things like that. Like I
like doing I like doing events a lot.
Like we do these these fan events, you
know, we'll bring people in for like a
weekend to a casino. Uh we do cruises.
Cruises are an absolute blast. Um, we
have a deal with Virgin uh, cruises and
we do what, three or four a year now.
>> Yeah. 2026. I think we have three
scheduled already and maybe going to add
a fourth and a fifth. So,
>> so it's like, you know, so much fun. We
meet the nicest people. I I've got a
bunch of like friends that are like I
text every day that came to my Christmas
party that I met on our first cruise.
Like really, really, really nice people.
I was kind of concerned when we did our
first one, like what if I'm trapped on
this boat with a bunch of weirdos and
close talkers and, you know, people with
bad breath that like to tell secrets and
I'm like, "Oh my god, this is going to
be awful." And then it turned out
everyone was nice. Um, except for that
one girl was like stalking you. But
yeah, um,
>> were you a stalker?
>> Not a stalker, but she was like an empty
neester old woman and she developed a
very strong fascination with me and
wouldn't leave me alone the whole
cruise. At one point she like cornered
me in the hallway and was saying some
things and crying and I was like
>> well she I I don't know if we can say on
the podcast but I was just I said no
thank you and I was like I'm not
interested.
>> She was crying though.
>> Oh yeah. She had some stuff going on for
sure.
>> Yeah. So
>> you weren't interested.
>> No, not not not at all.
>> But most that except for her everyone
was really nice and and it's just fun.
you know, there's a lot of other things
that you can do and and I think yeah,
like EJ says, you know, as long as we
make great content and we build our
audience, you know, the the revenue
follows. I could see you guys creating a
slot machine and maybe it's like a
limited edition slot machine where that
you only make five of them. You put like
[clears throat] one in a, you know, your
top five favorite casinos or just one
casino. You got five Vegas mat slot
machines all right next to each other
and you can spin it and it's like all of
your faces like that. That would be
fantastic. think it would be an
attraction. I feel like lines could
form. There's something there. I'm happy
I'm happy you're saying it. There
absolutely is. Yeah. Uh we haven't had
any slot manufacturers reach out or we
have, but that the right situation
hasn't presented itself. And those big
companies have to do so much legal and
all this different stuff and they give
us all these different excuses. But
you're right, it would be good. We'd
want thousands of them instead of five
because we want to be able to get them
in the most amount of places and have it
do really really well.
>> It would be the best game. I mean,
there's a couple of online Vegas Matt
slots. There's Vegas Matt Blackjack.
There's Vegas Matt Cash Eruption.
There's
>> Do you guys own them?
>> Licensing, I think. I mean, we get I
don't know how it works, but
>> it's an NIL thing, but
>> name, image, and likeness. That's what
NIL is. I learned about that.
>> And uh but but then but I really would
like to have the Vegas Matt slot. Our
slot would be the best slot.
>> How would you make it the best game?
What would you do? How would it look?
>> Well, you'd never be out of it. Uh, you
know, we'd we just I don't know. It just
make it fun. I think it make it fun and
it' be, you know, there are a lot of
them. They're the same. You know, like
there's 82 variations of Huff and Puff
and there, you know, they they do all
these machines. I So, you take you take,
you know, some of the machines that we
really really like and take some of the
good dynamics from those machines. I
would want it to have a a good return to
player. I wouldn't want it to be too
volatile where you know where where the
the big wins are so big but you usually
lose. I'd rather have something that's a
little bit more even keeled
>> more frequent winning.
>> Yeah. More frequent bonuses maybe not
not as massive. You know, we would just
create a really really good slot
machine. But just with the funny stuff
that we say and so forth, I think our
audience would love it and interact with
it. And I'd be willing to bet any slot
manufacturer that's watching this
podcast that it would be the highest
performing slot that they would ever put
into the casinos. It would be
interesting if they lose on one, it just
says Sando and then lose again Sando and
then you lose another one and you're
like, "Oh, just one more. Come on."
Could you egg people on? Like
>> Well, like on like Vegas Matt Blackjack,
you know, like like I'll be like, "Oh,
that was brutal." Or, you know, "Oh,
what a sando." Or uh like I said
something I thought was funny like like
I got like a jack of diamonds and a king
of clubs and I said, "Oh, jack king off
suit. That's EJ's favorite hand, you
know, and like tried to make it funny
and uh
>> yeah, it's a great idea and and I'm I'm
shocked that it hasn't happened yet, but
I I believe it will.
>> So, any other things left to to expand
on the business? I'm curious like is it
literally just making more high-quality
videos, getting higher paying sponsors,
and that's it? Or is there any other
like stuff in the woodworks? I did hear
you guys mention I don't know if I can
say this, a movie. That would be fun. He
has had the movie idea for a long time
of just not necessarily about us but
about a lot of the stuff that we know
about and see and there you can speak
more about it. You talk about your
script.
>> I mean it would be like Rainman
meets the MIT card counting team meets
casino. I mean, it WBG doesn't like when
I use that analogy, but it's like people
think that I mean, I think we could make
a movie that's that big about the slot
world, about the world of advantage,
slot play, all that kind of stuff that
people have no idea about. And like I
have like the opening scene, you know,
the guys walking through the casino,
kind of like the Terminator, just like
looking at all these things that no one
else is noticing. There's this little
lady pushing the button. These people
over here hooting and hollering and then
it's like, "Oh, wait. Someone, you know,
that's a there's a 72 on that machine
right there. Boom." You know, and then
just the uh people like the the the
Rainman dynamic is interesting because
you know how like autism rates have gone
up just like crazy like since 1992 I
believe. And I don't know what where
what it is caused by and what not.
That's a whole another thing. I'll leave
that to RFK or whoever's fixing it now.
But uh there there's a lot of people on
the spectrum that are professional
gamblers cuz that that's that's like
that Rainman, you know, made that he was
pretty extreme example of it. But there
are a lot of people that are like not
maybe that too far on the spectrum, but
they're on the spectrum like super math
geniuses and so forth. And then there's
tales that I'm aware of of people not in
the too distant past of people getting
taken in back rooms, beaten up. Like
casinos do not like when you beat them.
There's danger and intrigue and so much
interesting stuff that happens in the
world of gambling and professional
gambling and and I thought the MIT card
counting the Kevin Spacy one was so well
done. That movie 21 and I think the slot
underworld is even more interesting. So
>> way more
>> coming soon to a theater near you. And
then there's uh we did a they did a uh
reality show like a doc series for like
six months they had us miked up
everywhere like the restroom was weird
sometimes and I forget that I had a mic
on and and I mean they literally were
like 24/7 we were miked up and they and
they they did all this behind the scenes
concert. to do a docu series. We were
approached about us doing a sitcom like
where they had actors play us and you
know we never end up doing that deal but
yeah all kinds of crazy stuff comes up.
I personally want to do a regular Vegas
Matt show like a variety show like here
in Vegas or people come and go to the
Vegas Matt show. EJ doesn't isn't as
crazy about that idea as I am. I really
believe that we could do a great show
and and make it fun and entertaining and
have and and fill uh theaters and I
think that we would fill theaters with
people, you know, like uh I don't know,
Carrie Underwood or Janet Jackson or
whoever fills a theater, you know, those
people come, they go to the theater,
they go to the show, and then you know,
they may put a dollar in the slot
machine, you know, but everyone who
comes to my show probably on the way out
stop at the high limit room and gamble
$50,000 and it would probably be the
most profitable show in the history of
shows for Las Vegas if we were to do
that. First one's in April.
>> I'm going to list off a bunch of casino
games and you guys are going to rate it
one out of 10.
>> Oh, fun. Okay.
>> One out of 10 or one to 10.
>> I know what you meant.
>> One one. Not one to 10. One out of 10.
We're going to
>> Oh, which one's Are we giving each one a
rating or are we ranking them from one
to 10?
>> Just one to 10. You're not You're not
ranking them 1 to 10. You're just rating
them rating. So, if we really like it,
it's maybe a nine or an eight or seven.
>> Yeah.
>> 67.
>> Okay.
Jeez,
>> I still don't understand that.
>> I don't I don't think that there is
anything to understand, unfortunately.
It's just a 67.
>> How close to the mic should he be?
>> Oh, it's great.
>> Oh, that's good. Okay.
>> All right.
Dragon Link.
>> Oh, probably an eight.
>> I mean, it's the most popular game in in
the casino. I think there are better
games. I like it. Yeah. 7.5.
I
>> think it's getting old. I'm going to go
six
>> Buffalo. Buffalo in general. The entire
frame. Buffalo Gold. Uh, you know, six
and a half. It's a good game. Solid.
Good math.
>> Buffalo Gold Collection. Or is there I
mean, there's so many Buffalo games.
>> All right. Well, let's just say Buffalo
broadly
>> as a franchise, probably eight. I
Buffalo Link brings the average way up.
Um, yeah, but there's some that are
fours and fives. Buffalo Link is the
best game is a 10 and Buffalo like
Buffalo Gold Collection is, you know, a
six or a seven. Buffalo, you know,
there's Buffalo Stampede. There's all
these different Buffalo games. So, it's
really difficult to say because there
are so many. But our favorite game is in
the Buffalo family.
>> There are games one through 10 on
Buffalo. Buffalo Links 10 though.
>> Firelink six.
Yeah, I'm not a huge fan of the
Firelink. I don't I would say Yeah. six
four.
>> Yeah. Bakra. Bakra. Bakra is a solid
eight and a half. I mean, to me it's a
it's a 10. It's a great of table games.
It's the best.
>> H I mean, it's so fun, but it can be
such a disaster. I'm going to go
nine. Firecracker. Firecracker gets me
every single time. Fire. What's
firecracker? You must mean something
like
>> Ba Zu.
>> Ba Zafu, the one with the little sparkle
fire game. Yeah,
>> that's it's Bazu Xu.
>> That is a five.
>> That game is just like the pinnacle of
what we call perceived progression. So
it looks like it's going to hit when
really it's just a display of how long
it's going to hit. So it's
>> how long it's been since it hit.
>> How long it's been since it hit. Yeah,
exactly. So it doesn't mean anything,
but it does get a lot of people who
aren't familiar. They're like, "Look at
all the lights." That game is I do not
like that game. I'm gonna go four.
>> Yeah. And he says perceived uh
progression, but it's actually perceived
persistence. But
>> what is the difference?
>> Persistence is a persistent state slot
machine where as you play it, the the
elements that you see on the screen are
persistent. They stay until they're hit.
[clears throat]
>> Um and they use these elements to fool
you into thinking that it's it's
>> oh that it's progression. So like the
one that let's say that I said that lady
left a 74 that it must hit by 75. So you
know if you walk up to the machine it's
at 52 53 54. That's a real persistent
feature because at 75 it's going to hit
and you're going to get a bonus. But the
firecrackers it's like oh they're lit up
a little bit. They're lit up all the
way. It's perceived that there's some
kind of a persistent feature but it's
not real. That's still completely random
every time you hit the button. It's
perceived persistence but for some
reason we call it perceived progression.
I think progression just makes more
sense to people who don't follow
gambling.
>> Yeah, it just I mean progression just
implies there's some type of progression
towards getting bigger
>> progressing towards something. I think
they should actually change it to
perceived progression.
>> Yeah, it's funny. Other I've heard other
people call it perceived progression
now.
>> Yeah, that's we we made a better name.
>> What about Huff and Puff?
>> I mean, we've made so many Huff and Puff
videos and I I'm on record that I just
despise the game now. Uh so I'm going to
call Huff and Puff a four.
>> Yeah. You know, the whole franchise is
probably someplace between three and
maybe eight. Like Huff and Even More
Puff is it it's a strong game, but it's
it's
I don't know, maybe seven, maybe three
to seven. It's hard.
>> Yeah, the the Huff and Puff brand is
spectacular. Like they crushed it rivals
the Buffalo brand and the Dragon Link
brand. So maybe their brand is a nine,
but the games and the math behind the
games are a five and a half at best.
They're fun, too. Six and a half, maybe.
>> He was expecting like a number for an
answer.
>> Sorry, but I don't know. People who know
slots will enjoy the answers, I think.
>> What about Regal Riches?
>> Oh, Regal Riches is a solid nine. It's a
great game. It's it's it's there's an
experience that you get to play. I mean,
I guess they could make it a little
fancier and maybe a little bit better
music or better graphics, but I mean,
for for what it is, it's it's a great
game. It, you know, a starting point,
there's an ending point. It's fun. It
has decent payouts. Um, and it's just
been so good to us.
>> It it put us on the map. We played an
$1,125 Regal Riches and we were chasing
a green, I think it was. Uh, and and we
were down uh was it 300,000?
>> Yeah.
>> It doesn't seem like as much now, but
>> [laughter]
>> Uh we were down like 300,000 and we were
just I was having a come aart, you know,
cuz it was just taking forever and you
just can't quit until you hit it. Uh but
yeah, we love that game. I I I wish more
places had it and uh it I'd say it's a
Yeah, definitely a nine out of 10.
>> Yeah, it's up there. It's at fewer
places now, which is unfortunate, but uh
yeah, eight and a half, something like
that.
>> About Ultimate X.
It's probably it's it's probably the
best video poker variant that's ever
existed.
>> He taught me WBG taught me that game and
I just absolutely love it and it's I've
had some of my biggest wins ever on that
game and it's just so fun. I mean,
you're never out of it in Ultimate X.
You know,
>> there are so many things that are good
about it too once you understand it. The
variance they have figured out really
what you can win a ton and you can get
wrecked, but it's great. The household
is really really low, so you can play a
lot. It It's a great great game. 10 for
sure.
>> Yeah. What about Pyo?
>> Pyo is a game that's a series of pushes
punctuated by an occasional loss. So,
it's a great drinking game.
>> Um, it you can play for a long time.
It's slow. It's a good relaxing game.
It's kind of fun. Um, you know, as far
as table games go, it's probably seven
and a half. I mean, I haven't played it
so long. I mean, I could barely even
tell you. I know there's houseway, pair
pair, two pair behind. It's a fun game.
Yeah. As far as table games go, I mean,
I'd probably I'd probably play that. I'd
like that better than three card poker
or Ultimate Texas Holdem. And those are
all kind of in that category that I'd
throw into like the seven range.
>> I don't know. I would say lower because
we never play it. If we liked it a lot,
we would play it. So, I would say maybe
a five and a half.
>> Yeah. There's something about Piggo that
a lot of people don't know is often
times most casinos you can bank the game
every other hand like where you get to
be the house. So, I like that element of
it. Like in LA, you can go and actually
just be the house, but it's kind of hard
because they have corporations that run
those games. But even in casinos in Las
Vegas, you every other hand the the
players can bank the game.
>> Really?
>> Yeah.
>> How do you do that?
>> I have. Yeah.
>> Yeah.
>> Yes.
>> We should do that. We should make a
video about that.
>> We should
>> I I Where is that?
>> I don't know if like where we normally
play allows you to do it, but I mean
I've done it at many casinos on the
strip.
>> H
>> I like Pico. It's really fun, but yeah,
it's a lot of pushes.
>> Like my friend Allan used to say, it's a
great, you know, great game. He liked it
cuz you you play a lot, you don't lose a
lot. You get free drinks and you get
raided. And so he would get he would
just play hours and hours and hours of
Py Gal, not lose very much money and get
good drinks and comps. Craps. Uh I mean
craps is a perennial favorite. It's I'd
say it's probably an eight, eight or
nine, eight and a half, something like
that. It's a fun It's a fun game. It's
weird because because craps is a kind of
game where I can go bet 5,000. I mean,
it's probably not this way anymore, but
I remember when I was first starting to
gamble, I could bet $5,000 on a hand of
blackjack, no problem. Not not feel
anything. But you put $100 on a crap
table, just the energy just is so amped
up.
>> Well, craps is bluff's game, you know? I
mean, he's made that famous. I I
personally despise craps. Like, I I know
if you you know, playing perfect
strategy. I guess I should play the
don't because for me what happens is I I
put I hit a point and then I do a comeat
and then I place max odds and I get a
few other points and then I roll a seven
and I lose it all every single time.
Like I do not like craps at all. I give
it a two.
>> Five maybe. It's a little slow for me
and
>> and it's hard to film
>> and it's hard to film and you lose a lot
and it's not my favorite.
>> Blackjack
10 point. It's a 20 out of 10. It's It's
the best game. Yeah, he loves it. That's
I mean, some of our only wins are when
we let him drive and blackjack
frustrates the hell out of me. Like I
said earlier, like it just seems like I
always bust and they always make a hand.
And you know, it's good sometimes cuz
you know, you bet one hand and you get a
blackjack or a double down, you win a
lot. That's great. But if we play it for
a while, almost always I end up starting
with a bunch of chips and ending with no
chips. Uh but it's it's fun and it's
easy and it's everywhere, you know. So
it's it's you know, it's probably like a
seven, I would say. seven as well.
>> You guys have very high ratings for
every single one of them. Like I don't
think I saw really a single thing under
five except from you. You had a couple
things that are under five. What would
you say is the worst game of all time? A
lot of people say three card poker is
not that fun. There's not that much
variance and you lose a lot.
>> Yeah, I would if you're talking about
table games, I would say something like
like Let It Ride. Like that was a very
innovative game when it first came out.
Oh, you have some history of Let It
Ride. I see. I sat down at a Let It Ride
table with my friend Gavin one night and
we did not in fact let it ride.
>> Yeah. No, I mean it's okay. I know there
are people like they still have it at
Peppermill and I know there are people
who go there just to play it.
>> Um and it it's okay. When it first came
out it was a fun game cuz it was new. It
was one of the new carnival games, but
there's just like the other games are
just just so much faster and more fun.
And
>> what about Casino War?
>> Yeah. I mean
>> I got wrecked on that one time coming
out of the Bellagio. I think I had won
too many drinks and I sat down and I
just lost so much money so fast at that
game. Um I don't know what which which
is it a bad game for the player like
which one of those carnival games has
the worst odds you think for the player?
I mean probably like well any of those
side bet games like let it ride and
those games if you play if you play good
strategy it's not too bad but it's
mostly the side bets like side bets on
Bakar rock can be 8 10 12% a house edge
>> side bets are generally sucker bets
right we never bet the side bets I mean
I do but you don't cuz they're sucker
>> baths I mean unless there's a reason to
>> What would you say are the main things
that people get wrong when they go
gambling like if you're going to put out
a message to the casual viewer. I don't
endorse gambling, by the way, at all.
But if you are going to do it, what tips
or tricks should they have that'll cover
like 80% of hopefully what they would
have lost?
>> I mean, try to understand the strategy
of the games you're playing. Like with
blackjack, bakarat's easy. You just pick
a side. You pick what do you say? What
do you say, red or blue?
>> And and you don't really have to have
there's no decisions. But if you're
going to play craps or something like
that, bet the odds because that lowers
your your the overall edge. Um, if you
were going to play slots, make sure that
you you you're going to be better off if
you play a $51
versus 500 pennies because there's a
chance that a dollar uh denomination has
a higher uh return to player than a
penny version of the same game. But just
only gamble recreationally. Don't if you
if it's if it's money you need, don't
gamble it.
>> The biggest mistake I think that okay,
what comes to mind to the biggest
mistake is uh so many things that I did
wrong that you taught me. One like I I
very rarely used my player's card, you
know, I didn't really see the value or
the value of it enough and I didn't I
didn't swipe my player's card at the
kiosk. I didn't take advantage
promotions that you leave a lot of money
on the table if you don't uh use your
players card and all the promo uh
properly. H people who play video poker
and do the wrong holds, you know, like
they they they hold something that they
think is right, you know, they'll hold a
you know, they hold an ace king over a
pair of sixes, you know, or something on
depending on the game. And there's
different holds, but uh like I don't
like to play Juices Wild because the
holds are really really complicated and
I and every mistake you make in the
holds costs you a lot. Like if you play
10 play Ultimate X bonus poker with a
good pay table and you play perfectly,
which is almost impossible to do, it's
like 99.4% return to player. But most
people play so bad that they're probably
getting like 94%. Uh, and then also
blackjack. The biggest mistake I see is
people like kind of playing by instinct
rather than the book, you know, like,
oh, I don't know. I don't want to hit
that because, you know, I think I'm
going to bust when, you know, you should
hit hit it mathematically.
>> Because you're so on the pulse with
everything gambling. I'm curious the
level of information that you have
access to. What have been the biggest
exploits that you've come across? the
biggest like treasure chest because you
knew this little bit of information that
ended up taking you really far.
>> I mean, me personally, like I understood
things like must hit by jackpot.
>> So, whenever you're walking through a
casino, you're keeping your eyes open
for something like that.
>> I mean, it's it like now it like a lot
of that stuff that ship has sailed just
because the information is so ubiquitous
that that so many people know about it.
It's hard to find those kind of things
anymore. Turns out to be worth very very
little. But, you know, 1015 years ago,
if people if if it wasn't widespread and
you were the only person in a region
that knew that there was a must hit by
$10,000 jackpot, you could find a more
profitable situation. But it's a lot of
that stuff is like like everything in
life. Eventually, the market figures it
out and those advantages don't exist
anymore. But just like like if you're
going to play blackjack, just play no
get a basic strategy card or look it up
on the internet so you know what you're
doing. If you're going to play three
card poker, make sure you understand
that when you're supposed to bet.
>> But for you, when have you ever used
this finely tuned knowledge?
>> I got one for you that I think you're
comfortable telling and it's a
phenomenal story. The the uh one that
when we were at the uh with our friend
Jonathan and and and you're like, "Oh, I
was there that night."
>> Oh,
>> I mean that cuz that one's long since
gone. No one's ever going to do it
again.
Well, there was just like like you're
talking about take advantage of
promotions like
>> that promo that where they got
>> Yeah. Like I mean sometimes there'll be
there'll be promotions where the casino
will just be very generous. Like you can
earn x amount of points, but the value
of what you're getting for those points
is worth more than the cost, the
expected cost. Doesn't mean you're not
going to lose today, but if you were
able to do it thousands and thousands of
times, you'll come out ahead. What's
that look for? just because you're doing
that thing that you do. Like he's the
king of not telling anyone anything.
It's a it's a it's his this gambler runs
so deep even when you tell me
>> cuz tell about the freaking thing where
you know you got paid for every W2 and
how you beat how how they I'm not you
but how how it they got beat really bad.
>> There's been casinos where they have tax
day promotions where they'll give you
let's say 15% of a jackpot on um on
April 15th, right? they they'll run a
promotion. So if you can if you can find
a way to create a jackpot that only
costs you 5% you're going to have an
edge. So things like that have
>> So you've done that?
>> Oh yeah.
>> And so what did you win?
>> Money.
>> And how how much money did you win? How
much did you risk?
>> A lot.
>> A lot. [laughter] Yeah. A lot.
>> A lot. Enough that the CEO remembered it
about 10 years later and they laughed
about it cuz they got cuz they they did
a promo and they didn't think it all the
way through. And so these smart people,
they see that and they're like, "Well,
you're going to give me, you know,
you're giving me X dollars for every
$1,200 jackpot I get. Okay, I'm going to
go play $600 a hand on on video
blackjack and every single hand that I
win, I'm going to get a I'm going to get
a tax form. I'm going to win a h 100red
bucks and in an hour I'm going to hit a
hundred jackpots
>> and it's supposed to cost you $6." You
know that your your negative expectation
is maybe $6, but every other hand you
win a h 100red. So it's not not too hard
to make a lot of money that way.
>> Have you ever gotten an offer from a
casino like, "Hey, can you consult us?"
and advise us to make sure we don't make
an error like that again.
>> I mean, yes, informally, never
professionally, but I there have been
casinos that have reached out and asked
questions like, "Could you take a look
at this promotion to see if there's
anything that doesn't make sense about
it?" And I've done that.
>> It's so cool. This guy's going to be the
star of the movie.
>> No, definitely not.
>> Yeah, his character for sure.
>> No. Um,
>> there are a lot.
>> Yeah, it's fun.
>> Can't wait for the movie to come out.
>> He's also super humble. gets embarrassed
when you say nice things about him, but
it's definitely the I mean, you say EJ's
the brains. Uh WBG's I mean EJ's
definitely uh done an incredible job
there. I always get back but and then
he's works really really hard but these
two together I mean you got superrain
and a young brain and he's learned a lot
from him and they've
>> well I mean and you're very talented in
front of the you're the he's the best in
front of the cameras.
>> Yeah. I like to think about you like
social media or YouTube what what Vegas
mat is kind of like um a recipe and if
you're baking a cake for instance like
you need all the ingredients you need
the salt the sugar the flour and even
though the flour may be 90% of it Vegas
matt you still need you still need the
other ingredients to to to make the
product so
>> are you either salt or the sugar
>> yes I
>> certainly not the dairy [laughter]
>> but I'm saying is like You need all the
ingredients and even though it you may
not be 90% of the ingredients, the whole
product won't exist without without
without all the elements. And they're
all equally important because you can't
do it without each other. And I think we
we just work very well together.
>> Yeah. When I when I mention to people,
oh yeah, we're filming an episode with
like Vegas Matsu and they're like, oh,
are you bringing on WBG and like EJ? I'm
like, oh yeah, yeah. Like they're going
to hopefully come on the the show,
spread some wisdom, too. Okay, last
question.
>> Have you ever found a true edge? Like
they say in roulette, when you spin it,
maybe if the table's a little crooked,
it could be landing on something more
often or something to that degree.
>> Do you want me to talk about the
roulette one or
>> Here's the thing. You should do a
podcast someday when I don't know when,
like, and just have him tell you
everything he knows and it would
probably be the most viewed podcast in
gambling history. So, tell us a roulette
story. He's got one on everything.
>> I know. I know. I know. I've been
involved with with I mean, yes, you can.
There's not a g the thing is is there's
not a game in the casino that you can't
beat. It doesn't matter what the game is
under the right circumstances. I mean,
that doesn't mean that that exists at
every like you can't just walk up to
every single table and there's an edge,
but there's every single game there's a
circumstance where it could where the
tables could be turned.
>> How so then on with like were you
listening earlier asked about the Bakra
thing and the guy that claims he has an
edge on Bakra and he'll give it away for
$20 million. So, like, how could you
beat Bakar then?
>> Well, first of all, that's not true.
That's just he's just saying that he
that if I
>> it wouldn't be worth 20 million because
if you could beat it, you get kicked out
before you could win 20 million. So, no
one would buy it.
>> And I I think I think people who claim
to have systems are just they're just
charlatans. It's just like it's like
it's like people who who claim that they
can beat sports, for instance. It's very
very difficult because the mark there's
so much money and so many smart people
betting into those markets that you're
going to have an equilibrium price and
the people who say that oh I have an
edge they're just selling picks to both
sides.
>> So give us a little nugget.
>> Okay.
>> Bakra you said there is a circumstance
or that can you give us an example of
when a BRA game could have been beat? I
mean there like there are side bets that
that are countable like blackjack that
you can that you can that you could be
the side bet.
>> So like you would count a 12 deck shoe
down and then you know that like all the
nines are gone and then and then this
makes the big tiger more likely or
something like that.
>> Yeah, like one of the side bets could
like when there's no more face cards for
instance something could there could be
an advantage on one of the like a tie
>> or if I'm not saying that that's the
actual circumstance but it's things
circumstances like
>> it's not huge though. God forbid you
give a specific.
>> No, cuz I I mean I don't know it by
wrote
>> or also is it something like when some
dealers do something wrong and when the
card comes out of a shoe if you're
sitting at a certain place you could see
the whole carding you could see the card
or something.
>> Well, not on Bakarat but I mean well I
guess if you could like if you knew the
first card on Bakarat you could you
could gain an edge. Like if you knew it
was a nine and it was going to the
player of course you would bet player.
>> Mhm. So okay. So then you said roulette,
you kind of your eyes lit up a little
bit and is there can you think of an
example when roulette was beatable or
like that you beat roulette?
>> I I know people Yeah, like I know people
who have found situations where
um things um replicated often enough
like you were saying like the table was
tilted like they could they they knew
that it was going to go around three
times and if it goes around three times
it's going to land in a quadrant. So
they could just bet the quadrant. And
>> so they they literally wait to see how
fast the spin is.
>> Kind of. Yeah. Exactly.
>> Interesting.
>> Because it's a it's a it's a physical
element. It's a physical thing. So if
you roll a bowling ball down the alley
the exact same way every time, you're
going to knock over the same number of
pins. I mean, on average,
>> I want to like I want to ask him more
questions. [laughter] Very rarely does
he answer. I think also all of that
stuff is so hard and the opportunities
are so rare and it's really not what we
do. We're just aware of it and it's a
fun thing to talk about. I mean, look at
how interested you guys have been and I
find it fascinating.
>> It's not what we do at all. Like we play
we go gamble. No casino cares if we come
in and play Huff and Puff and Dragon
Link. They're they're like, "Welcome to
the casino."
>> Yeah. The thing is we know about it. We
don't do it. We don't actively
participate in it. Like I think this is
how kind of maybe kind of how all this
might have happened is because when I
met Matt like he knew that I had some
knowledge about these things
>> and he was fascinated by it. So we we
just had an instant friendship and we
would talk about it and just talk about
stories and things that maybe we had
done before and he wanted to go gambling
and things like that. So I think it
cemented our our our friendship and our
relationship and that's why we hung out
together and why we were gambling
together. I used to beg him to let me go
with him, you [snorts] know, and and he
had like, you know, he's the WBG and
like I remember saying to him like
you're like, "How can I get to be your
sidekick?" Because he he always seemed,
you know, he's a nice guy and he's fun
to hang out with and he and he's a
people person. I'm talking about you
like you're not here. I know you love
that. And and so he would have, you
know, these various people that would go
with him all the time. And like I always
wanted to go more because it was just so
fun cuz I mean not that he won every
time, but he certainly didn't lose as
much as most people that I had met. And
I just learned so much about like a game
like Harley-Davidson that they don't
have anymore. Like that one was
something if I remember. We used to play
that a lot.
>> I mean it was that was just one with an
actual progression, right? It was a it
was well it was the you would play and
the they were there were free game
meters and the longer you played the the
the higher they would get and they
weren't guaranteed to hit but there was
a point where the what it would expect
you to what you would expect to pay to
hit one of the progressives like let's
say the minor jackpot was you you like
you knew it was within a certain range.
So if there were 50 games and you it
would it would cost you x amount of
dollars to hit it, but you knew that the
50 games would pay more than that, you
would play it until you hit it. Now, it
doesn't mean you were guaranteed to win
that day, but if you did that over and
over and over, you were just going to
print money.
>> Do you remember the first machine that
you ever showed me that
>> first slot machine?
>> For the first slot machine that you know
that there was something that I should
look for,
>> uh, Plants versus Zombies.
>> Plants Versus Zombies. Yeah, there was
like a there was a Plants Versus Zombies
and there was a brain meter and I can't
remember.
>> I remember that game,
>> but if the brain meter was like over a
certain amount like we'd be walking
through the casino and and we would like
walk to like 20 casinos in a day and uh
good good cardio and then then we'd see
a plants versus zombies and we'd like oh
the brain meter and I was like so proud
of myself the first time I found
something good and we'd come up boom and
then win. I they don't have that game
anymore though. No, it's it's I mean it
probably exists someplace, but like
everything those games come
>> they go away.
>> Yeah. If the games are beatable, they
don't
>> It's not just that they're beatable. I
just think they have have a life cycle.
That's like one of the things we talked
about Dragon. Like one of the reasons I
gave it a high ranking is because it's
been around since like 2014 and it's
still very very popular. So you I mean
you have to respect the fact that a game
could be around for 11 years and still
be one of the biggest uh games to drive
coin in. Have you made most of your
money that you've made in your life from
gambling?
>> Yes.
>> From exploits?
>> No, just I mean I was a professional
poker player for a while. Um
>> so it's from professional poker.
>> Yeah. And so I was I was a professional
poker player and I was involved in poker
right before What's so funny?
>> I was just looking over at him and he's
just smiling like he's like he knows
something like Senator Well, you know.
So before the poker boom like I was
fortunate like just coincidentally I I
picked up poker before the poker boom.
So when the poker boom happened I was
>> in a fortuitous position and I was able
to take advantage of it. I got involved
in affiliate marketing with with poker.
When are you going to write a book WBG?
I would love to read that that book when
you when you retire. When you
>> book you'd get mad at me for everything
I said. [laughter]
>> We don't talk about that.
>> Yeah. So I play poker. I was I played a
lot of tournament poker back before
people before everybody learned how to
play on the internet. So,
>> it's just fun to watch him like just
even just betting sports, you know, cuz
like I'll be like, I like the blue team,
you know, or whatever or like, oh, Ohio,
you know, and then and then he just
won't casually like make a bet, you
know, even if like we're at a game, you
know, and he's like, well, let me take a
look, you know, and he looks at like 17
books and sees what's going on. And it's
just like a level of intelligence and
patience that I couldn't do if someone
paid me all the money in the world, you
know, but then he'll go and he'll bet on
the Eagles anyway. I think it's just a
>> Yeah. disaster. [laughter]
>> Go Birds. I think it's just a matter of
just kind of looking at life in terms of
EV, right? If is Okay, sure. The the gas
across the street might be 1 cent less.
So, I'm going to get 10 gallons. Is it
worth 10 cents to cross the street?
Probably not. Is it worth it to make a
phone call to save $150 on on your
insurance? Probably, right? It takes you
10 minutes, right? It's hard to find
opportunities that are worth $900 an
hour. So, you just try and think in
terms of EV and apply it to everything
else.
>> There's so much, let me tell you, it's
very WBG is a wealth of information if
you can get it out of him. He knows he
knows everything about gambling. I think
I think I'd like to create like a
gamblers trivia uh thing sometime and
have all these people that think they
know and then like like Jeopardy and
then
>> that would be good.
>> I would back WBG to be the guy that ends
up, you know, on the show for like a 100
days straight.
>> I I wouldn't win, but I tell you what,
I've been because because of my gambling
history, career, whatever you want to
call it, I've been been fortunate to
meet some of the most brilliant minds in
gambling. So, I've I've tried to learn
from them.
>> I have a couple trivia questions, but
then we have to wrap. Got it. Okay. Cuz
I just
>> It was not a 10-hour podcast.
>> I just I just wanted to see cuz that
that was an interesting prompt. What
specific rule change in US blackjack
caused the house edge to increase by4%
without changing payouts or debt count?
>> Like you changing payouts meaning that
they're not going to give you like 49.
>> I guess adding more decks would be would
would be the only way you could do it
without changing
>> well or like not hitting on soft 17 or
>> Well, that's a rule. That's a rule
change.
>> What specific rule change without
changing payouts? Meaning they didn't
>> they change a rule but they didn't
change the payout. It was So it sounds
like a what was the rule that that
dramatically increased the casino edge?
>> Was a rule change?
>> It was a rule change that didn't change
the payouts like not like three to two
versus
>> Okay. Yeah. So yeah, it could be hitting
on soft 17.
>> That's right. Yeah.
>> Yeah.
>> I knew that one.
>> Who got that?
>> Me. [laughter]
>> All right. What's All right. Well, one
more. What is the only common casino
game where the house edge can be
mathematically reversed in favor of the
player without card counting or whole
carding?
>> Because you said slots, but
>> well, I mean,
>> oh no, the only one I can think of is
ultimate text is hold if everybody sees
if every player sees the hand. But
>> well, he's that's whole carding.
>> Is that what that is?
>> Whole carding is when you see that the
dealer makes a mistake and you see their
card.
>> Yeah, right.
>> Yeah, I know. You know what it is, but
not everybody does. I mean, slots,
that's the thing with with with a a game
that has a variable state slot machine,
the odds can change.
It can go from the house edge to a
player edge.
>> It's craps. Pass line and don't pass
line. The blended edge approaches zero.
It says no memory, no counting, no
exploit required. Well, I guess what
you're saying is if you if you bet if
you bet max odds,
>> but it doesn't go it doesn't go into the
player's favor like like your your odds
are even money. So, there's no edge.
It's 50/50, but you still have to have a
pass line or a don't pass line bet where
they do have an edge of x%.
>> Yeah. So, your element your element of
risk on on craps might go from 1.0
0 whatever 1.3 to.3
or something like that depending on
>> how but he said it goes actually into
the player's favor. I just don't know
how you could create that situation. I I
guess the only thing I what he must be
saying is that if you have if you are
betting on
um a number like if you're betting on
the don't pass
with odds once the point is established
>> once it's established then then you've
got an edge because the seven is the
most likely number to come up.
>> Yeah. Like that's the that that that's
probably the scenario that he's
describing. Although the overall edge on
the game is still is still in the
house's favor. Which Las Vegas casino
slot machine malfunctioned in the 1990s?
It led to a court case that changed how
casinos handle obvious errors versus
binding wins.
>> Must have been mega bucks.
>> Something like that. Yeah, it has.
>> Lucky Lucy.
>> Do you remember that one?
>> No.
>> WBG. You want one more?
>> Sure. Fire one more in there.
>> In Bakarat, why does the banker bet
still have a lower house edge even
though the casino takes a 5% commission?
And what would the edge be without the
commission?
>> Well, what would the the house edge be?
Or would the player edge be? If you
don't pay the commission, you'd be
printing money by betting banker. But
the the uh it's just the rules the the
the rules for hitting favor the the
banker.
>> It says the banker house edge with a 5%
commission is 1.06. Banker wins more
because it acts second like the dealer
in blackjack, which I actually felt like
I heard before.
>> Mhm. It's it I mean you're implying that
there's position involved and it doesn't
matter who the order like because you
can turn over the cards either way. It's
it's it's I think what they're saying is
the what the player what the banker does
uh is determined sometimes by what the
cards what card the the player draws.
Like there's times when if the player
draws an eight, the dealer doesn't draw.
And if if the player draws a a three,
the the the banker wouldn't draw.
>> The odds are better for banker because
of the rules. The odds are better for
banker, but with the commission, it's
1.0. What' you say? 038 or whatever. And
it's slightly less for the player. So,
the banker is the better bet even with
the commission. And the reason that we
bet banker all the time is because the
banker does win more of the time. Like
if you played a million hands, there's
going to be more banker hands than
player hands be there's going to be
three results. Banker, player, and tie.
And then you could tell them what the
skew is, but it's more more wins are
going to be banker. And videos do better
when you win. So we bet banker. And also
because it's mathematically a better
bet. And it and so we we bet banker
every time.
>> Yeah. Yeah. I mean, if you bet if you
bet banker all year, you're going to and
you bet millions of dollars, you're
going to
>> lose slightly less money, but you know,
thousands of dollars less.
>> But also, like Matt was saying, the
result of that actual hand you is for
the banker more often because of the
commission, right? Because if it's
>> and a lot of people don't like paying
commission, so more people bet player,
which is just another example of
uneducated gambling, you know, because
they think, "Oh, I'm going to bet player
cuz I don't have to pay commission and
it's a worse bet."
>> I asked Chad for the hardest trivia
questions that I could come up with.
>> Wow.
>> And that's what it came up with.
>> That's cool.
>> I'm curious, where are you guys headed
to after this?
>> Today,
>> we are I don't know to beside Elcortez.
>> We're going to El Cortez today. And what
are you guys going to gamble?
>> Oh, just what? See if they have any new
slot machines and play some bakra and
have fun. That's
>> how much how much coin in are you going
to are you going to risk
>> today? Probably 50 60,000 coin in I
would say. I mean, there's there's a
couple places uh in Vegas that we film
at and Elcortez is one of them, and we
have a great relationship there. And and
I mean, a typical day, we're going to
get a little bit of a later start cuz
we're here a long time uh than we
normally do, but normally around two or
so, we we meet, go to the Starbucks, get
some coffee or iced tea or ginger and
turmeric shots, a lot of offerings,
sometimes some egg bites. Uh, and then
we uh will sit around and we'll say
like, "What do you want to do? What do
you want to play today?" Um, and then
they come up and say, "Hey, there's a
new machine or this that and the other
thing." And then we have a little 15
minutes, take pictures with people, hand
out lucky stickers. Just, you know, say
hello to who's there. And get in the
zone and then we go take a what I call a
profile pick. What do you call it?
>> It's a thumbnail.
>> A thumbnail. [laughter] And uh and they
take a they take a thumbnail. They take
a thumbnail and then we uh sit down and
assume our positions start pushing
buttons and WBG starts telling dumb
jokes and me and EJ bust each other's
balls and we uh talk about whatever's
going on in the town and you know what
like I went like if we go and see the
Wizard of Oz you know which I said
earlier I thought was awesome we talk
about that or I talk about a TV show
that we're watching you know that's
really really good um and we just talk
about anything and everything it's like
a 45minute session It's four friends
sitting around talking about life.
Really? And and it just happens to take
place in a casino.
>> Yeah. And then uh that will depending if
we make one video or two, we'll be there
for anywhere between 2 and 1 half to 5
hours. And then we'll either go home uh
or go do something with our friends,
which generally will involve more
gambling and or going to dinner. And
then EJ will go home and edit. And then
that is probably what the rest of today
looks like. Yeah. Lather, rinse, repeat.
>> Well, thank you guys so much for coming
on the show.
>> Thank you. Graham, do you have any Do
you have any parting words?
>> Graham says, "Like and subscribe." Guys,
please like and subscribe. Also,
obviously, all of your information will
be left down below. Thank you guys for
coming on.
>> Thank you for having us.
>> Best of luck at the casino. Guys, if you
want the full unedited raw version of
this podcast, if you like it raw,
subscribe to the members because you can
see the full thing. So,
>> all that stuff that we talked about,
>> all the stuff that we talked about how
you can get an edge in the casino. Just
kidding. We didn't talk about that. But
thank you guys so much for watching.
>> Appreciate it. Get the book. [laughter]
>> See you guys. Thanks a lot. Good to be
back.