by Jason Trost
A podcast about the business side of the betting, wagering and investing world. Hosted by Jason Trost, and presented by Optimove.
Language
🇺🇲
Publishing Since
4/6/2017
Email Addresses
1 available
Phone Numbers
0 available
April 25, 2025
<p>We're bringing back one of our all-time most popular episodes for a special re-release!</p><br><p>Originally aired last year, this conversation with <strong>Matthew Trenhaile</strong> was a fan favorite. Matthew is one of the sharpest minds in the sports betting world, and his insights into exchanges, market making, and the future of the industry are as relevant today as they were then.</p><br><p><strong>Hear them discuss:</strong></p><p>02:41 – The Smarkets origin story, and why Jason thought an exchange was needed</p><p>08:59 – How Smarkets almost became a social betting platform, and the role that social features play in the exchange experience</p><p>13:30 – The Betfair API, developer ecosystems, and why Smarkets currently operates as a "closed garden" platform</p><p>22:11 – The backstory of how Smarkets came to be its own market maker, and the challenges that came with that</p><p>29:49 – Whether the value proposition of exchanges will ever become broadly appealing to recreational bettors</p><p>37:58 – The allure of pivoting to B2B for exchanges and syndicates</p><p>47:45 – The challenges of offering political betting markets</p><p>52:50 – Trading on Betfair in the early days</p><p>61:25 – What Matthew wants to be when he grows up</p><br><p><br></p><br><p><br></p><p>⚡️ Follow BoB <a href="https://twitter.com/bettingpod" rel="noopener noreferrer" target="_blank">on Twitter/X</a></p><p>⚡️ Watch BoB <a href="https://www.youtube.com/@businessofbetting" rel="noopener noreferrer" target="_blank">on Youtube</a></p><p>⚡️ Follow Jason <a href="https://twitter.com/jasontrost" rel="noopener noreferrer" target="_blank">on Twitter/X</a></p><br><p>⚡️ Apply to be a guest <a href="https://www.businessofbetting.com/guest" rel="noopener noreferrer" target="_blank">here</a></p><br><p><br></p><br><p>---</p><p>This podcast is presented by <a href="https://hubs.la/Q02gLC6c0" rel="noopener noreferrer" target="_blank">Optimove</a>, the #1 CRM Marketing solution for the iGaming industry. Since 2012, <a href="https://hubs.la/Q02gLC6c0" rel="noopener noreferrer" target="_blank">Optimove</a> has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with <a href="https://hubs.la/Q02gLC6c0" rel="noopener noreferrer" target="_blank">Optimove</a>. iGaming operators know their growth journey begins and continues with <a href="https://hubs.la/Q02gLC6c0" rel="noopener noreferrer" target="_blank">Optimove</a>, the #1 CRM Marketing solution for the iGaming industry.</p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
April 11, 2025
<p>On this episode of the Business of Betting Podcast, Jason is joined by Thomas McGrath, Chief Revenue Officer at TXODDS.</p><br><p>Hear them discuss:</p><p>01:29 - The founding story of TXODDS and its early product evolution</p><p>02:57 - Jason’s experience using TXODDS as a customer</p><p>04:06 - The role of TXODDS in data origination and live scouting</p><p>05:16 - Addressing historical issues with soft pricing and long-tail market coverage</p><p>06:10 - How TXODDS approaches market coverage and their Fusion feed upgrade</p><p>08:51 - Improvements in user interface and the shift away from Java-based tools</p><p>12:00 - Ethical data collection practices and how TXODDS handles scraping</p><p>12:52 - Thomas’s vision for TXODDS over the next decade</p><p>14:11 - Why TXODDS chose to originate college sports data</p><p>15:30 - Details of their live scouting operations and staff scale-up</p><p>17:39 - Future plans for expanding into other sports</p><p>19:48 - How legacy systems impact the evolution of data services</p><p>21:01 - Thomas’s hopes for the near-term future of the industry</p><p>22:26 - Jason and Thomas on the future of horse racing</p><br><p><br></p><p>⚡️ Follow BoB <a href="https://twitter.com/bettingpod" rel="noopener noreferrer" target="_blank">on Twitter/X</a></p><p>⚡️ Watch BoB <a href="https://www.youtube.com/@businessofbetting" rel="noopener noreferrer" target="_blank">on Youtube</a></p><p>⚡️ Follow Jason <a href="https://twitter.com/jasontrost" rel="noopener noreferrer" target="_blank">on Twitter/X</a></p><br><p>⚡️ Apply to be a guest <a href="https://www.businessofbetting.com/guest" rel="noopener noreferrer" target="_blank">here</a></p><br><p><br></p><br><p>---</p><p>This podcast is presented by <a href="https://hubs.la/Q02gLC6c0" rel="noopener noreferrer" target="_blank">Optimove</a>, the #1 CRM Marketing solution for the iGaming industry. Since 2012, <a href="https://hubs.la/Q02gLC6c0" rel="noopener noreferrer" target="_blank">Optimove</a> has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with <a href="https://hubs.la/Q02gLC6c0" rel="noopener noreferrer" target="_blank">Optimove</a>. iGaming operators know their growth journey begins and continues with <a href="https://hubs.la/Q02gLC6c0" rel="noopener noreferrer" target="_blank">Optimove</a>, the #1 CRM Marketing solution for the iGaming industry.</p><p><br></p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
April 4, 2025
<p>On this episode of the Business of Betting Podcast, Jason returns for another Office Hours session, answering listener questions and reflecting on Smarkets’ journey, product-market fit, and the future of U.S. regulation.</p><br><p>Hear him discuss:</p><br><p>03:00 – Lessons from building a global trading platform</p><p>04:50 – What Jason would’ve done differently with Smarkets</p><p>08:40 – Why sports betting should be separate from casino</p><p>10:40 – Ethics of limiting sharp bettors</p><p>13:00 – How his leadership style has evolved over time</p><p>16:30 – Why Smarkets won’t pursue the sweepstakes model in the U.S.</p><br><p><br></p><p>⚡️ Follow BoB <a href="https://twitter.com/bettingpod" rel="noopener noreferrer" target="_blank">on Twitter/X</a></p><p>⚡️ Watch BoB <a href="https://www.youtube.com/@businessofbetting" rel="noopener noreferrer" target="_blank">on Youtube</a></p><p>⚡️ Follow Jason <a href="https://twitter.com/jasontrost" rel="noopener noreferrer" target="_blank">on Twitter/X</a></p><br><p>⚡️ Apply to be a guest <a href="https://www.businessofbetting.com/guest" rel="noopener noreferrer" target="_blank">here</a></p><br><p><br></p><br><p>---</p><p>This podcast is presented by <a href="https://hubs.la/Q02gLC6c0" rel="noopener noreferrer" target="_blank">Optimove</a>, the #1 CRM Marketing solution for the iGaming industry. Since 2012, <a href="https://hubs.la/Q02gLC6c0" rel="noopener noreferrer" target="_blank">Optimove</a> has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with <a href="https://hubs.la/Q02gLC6c0" rel="noopener noreferrer" target="_blank">Optimove</a>. iGaming operators know their growth journey begins and continues with <a href="https://hubs.la/Q02gLC6c0" rel="noopener noreferrer" target="_blank">Optimove</a>, the #1 CRM Marketing solution for the iGaming industry.</p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
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