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Gambling on Sports In a Pandemic World

“When you see the advertising dollars that are coming in to radio stations, it’ll call for hosts to further their education on the subject matter.”

Tyler McComas

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New Jersey took in $315.1 million dollars during the month of July in sports betting. That number was up from June, when the state brought in $165 million. A change in revenue that drastic can only mean one thing: sports came back and Americans were ready to fire off on the action. 

With Americans craving sports more than ever, and states continuing to legalize sports gambling, the industry has an unstoppable force of momentum that only a worldwide pandemic can slow down. Once it side steps that hurdle, the future of sports gambling will exponentially grow across the country. 

For three sports radio hosts who share a deep interest in the future of sports gambling, the pandemic’s impact on the world of sports in 2020 has been unique, and at times, challenging. But in some instances it’s caused bettors to research and learn to bet on new sports, which, in turn, has expanded their level of expertise.

These three gambling aficionados and BSM members took a few minutes to offer their thoughts on a few sports betting related questions.

2-minute warning' debates: Are sports venues safe? | MSNBC

Tyler McComas: If the pandemic continues and sports continues to get cancelled, what kind of long and short-term effects will it have on sports gambling?

Scott Seidenberg – ScottsOnAir.com: How much, if any, will the crowd affect games? Travel will be much different, so you’ll be continuing with these contingencies and there will have to be an adjustment and how these games are handicapped. Home and away doesn’t mean as much, when you don’t have 80,000 fans in the stadium. Especially in football season, that’s something that you’re going to have to adjust. But then you also have, is baseball going to go into a bubble? How does that affect things come playoff time? How do you guys hit and pitch in certain ball parks, that changes a lot. There are so many X factors now while trying to handicap games.

TM:  What was your gambling strategy during the Pandemic? Were you betting on KBO baseball and other obscure sports?

SS: I was not gambling on KBO baseball (laughs). I try to stay with my strengths, which are college football and baseball. I was not venturing out. But there were people out there that were itching to get some action. What I thought was interesting, was that the NFL Draft was during the pandemic and it was the most bet on draft that we’ve ever had. People were just dying for action. People weren’t able to bet on anything else, so the books were taking a massive amount of action on the NFL Draft.

TM: Is it going to be tougher to handicap college football since not every conference is playing?

SS: I don’t necessarily think so. You’re going to miss out on a couple of non conference games, sure, but it might be easier to handicap, because each of these teams are going to have more common opponents. Whereas, the two games that you lose, that you normally see, are like Alabama playing The Citadel. You can use Alabama’s schedule to compare with Georgia’s schedule and have a better feel for how the two teams are, as opposed to having only four common opponents. Now everyone has more common opponents.

TM: What about the NFL? 

SS: I think you have to be smart enough to lay off the first couple of weeks. I think we’re going to see that some teams are not as prepared this season as they normally would be. Every year the lack of hitting is a concern and a lot of these guys aren’t in football shape. You need to hit. You need to have contact. You’re not getting that in practice or against another opponent in live looks, which is what the preseason is so important for. It’s harder to evaluate your roster when you don’t see guys in the live game situations. There will definitely be an adjustment.  A lot of people think that we’ll see a lot of under’s to start the season, and I think it’s best to just lay off the first few weeks. Think about the rookies, we haven’t even seen them play. So you also have to factor that in.

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TM: What were your betting habits during the pandemic when none of the major sports were on?

Nick Kayal – Fill-In Host, 92.9 The Game and Cover 2 Podcast Host, Athlon Sports: As much as I love sports betting, nothing changed, other than the fact that there wasn’t much to bet on. As much as I like it, I don’t need to do it, so there are weeks when there’s a full slate of sports and I won’t bet on a single thing. When games started to come back, like the PGA Tour, I would do a little bit with that and mix in fantasy golf to satisfy that itch. I typically bet more during football season than I do in the spring, even though I like betting on NBA and March Madness, but it was already a slower point in the year for me personally.

TM: When you consume gambling content, what are you looking for?

NK: The one thing I don’t want to hear, is someone rattling off number after number and trend after trend. I think there’s a place for it, stats, trends and data certainly matter, but for me, I look at three different things: What’s the Vegas line telling me, what’s the public doing, and then it’s the combination of eye test and your gut. There’s a mainstream media, full deep dive today on sports betting and you can tell there are a lot of people doing sports betting content for different outlets that don’t know what they’re talking about. I think they rely on trends to get by, but that’s a small percentage of what goes into it. I like to be entertained when I’m watching or listening. I already have an idea of what I think about a certain game, and maybe the host will change my opinion, but make me think and laugh during the show, and keep me tuned in for more than hearing about the teams last 10 results and what their record is against the spread. That’s all entry-level stuff.

TM: Do you think sports gambling is going to get so big in five years that hosts are going to need to have knowledge as more of a repertoire?  

NK: I’d love to see it, as someone who loves sports betting, but the most recent thing I saw is about 20% of people in America bet on sports. I don’t think it’s gonna get to the point where more than 50% of the country is betting on sports. I don’t think it’s going to be something that you necessarily need to know beyond a novice level from a sports radio standpoint. If you see a -7 you need to know which team is laying or giving the points. You just need to learn the basic terminology to where you don’t sound completely lost.

TM: Are we going to see casinos release a record number of income this fall?

NK: I think it’ll be even bigger the following year when you have a full slate of college and NFL, post Covid, if all the sports go back to the full schedules. I don’t know if we’re going to see the numbers explode, just because it’s legalized. The one advantage to betting with a bookie is you don’t have to post the money upfront. You’re on the honor system. At a casino you have to walk up and give them your money upfront before you place the bet. That’s one of the setbacks for people who are operating with limited funds.

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TM: How did your gambling habits change during the pandemic? Did you start betting on new sports? 

Corey Parson – Senior editor of Fantasy and Gambling at Sports Illustrated: I didn’t get into KBO baseball because I just didn’t research it enough. So I did two things, once MMA started back, and I had never really been into the sport before or ever even watched it, but when it came back I got into it and reached out to friends who are experts for insight. I really got into it and it ‘s now something that I enjoy and see opportunity in.

TM: Do you see sports gambling reaching a point where it’s almost mandatory for sports radio hosts to be fluent in the terminology and know how to present content?

CP: Yes I believe that 100%. If you look at the talent, particularly on radio, more people will have to not necessarily break down a game, as far as where the sharp action is, but I think they’ll need to be able to make picks against the spread. When you see the advertising dollars that are coming in to those radio stations, it’ll call for increased conversation and knowledge, and more hosts will have to further their education on the subject matter.

TM: Are we going to see casinos post record numbers of sports gambling take in this year?

CP: Once people see the product and say, OK, this is football the way we remember it, and they get the hang of it, then I think we will see record numbers. But that has to happen first for people to feel confident.

BSM Writers

What Does Bob Iger Back On Top At Disney Mean For Gambling At ESPN?

“Under Chapek, I think the company was willing to make moves like that, but Iger believes more in keeping Disney and all of its subsidiaries more family-friendly.”

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Will the Mouse House continue to stray from its family-first image and expand its presence in the world of sports betting? After Bob Iger’s retirement set the stage for Bob Chapek’s role as chief executive officer, many wondered how it would impact Disney’s sports betting curiosities. While Iger said in 2019 that he couldn’t foresee Disney “facilitating gambling in any way,” things slowly changed under his successor’s leadership.

During Chapek’s tenure as Disney CEO, ESPN — arguably its biggest sub-brand — would announce partnerships with the likes of Caesars Sportsbook and DraftKings, even owning a roughly 6% stake in the latter. The partnerships, in Chapek’s eyes, were needed so ESPN could look externally for help breaking into sports gambling.

“We at ESPN have the ability to do that. Now we’re going to need a partner to do that, because we’re never going to be a [sports] book, that’s never in the cards for the Walt Disney Company,” Chapek told CNBC in an interview last September. “But at the same time, to be able to partner with a well-respected third party can do that for us.”

Any further interest in Disney’s sports betting endeavors can yield a big payday for the entertainment behemoth. The Wall Street Journal speculated in August 2021 that an ESPN licensing deal would cost sports betting companies at least $3 billion over the course of several years, a figure that appears to hold weight with industry experts. 

Josh Taylor, a content creator focused on the Walt Disney Company at his YouTube Channel @ModernMouse, believes that $3 billion could be the minimum amount that Disney charges its sports betting partner, which could be DraftKings. Last October, one month before Chapek was ousted as Disney CEO and replaced by Iger, Bloomberg reported that ESPN was nearing a large new partnership with DraftKings.

When Chapek was at the helm of Disney, Taylor thought that ESPN’s bevy of sports programming — SportsCenter and Fantasy Sports, to name a few — would mutually benefit both Disney and DraftKings in an expanded partnership. 

“The internet provides stats, but shows on ESPN can provide more insight that you can’t get from stats necessarily,” Taylor wrote in an email. “Coverage of injuries, team shake ups, etc… are something that goes hand in hand with sports betting and fantasy leagues. A deal with DraftKings keeps people watching ESPN longer and more intently. On the flip side, a big brand like ESPN backing DraftKings gives it legitimacy and safety. Because ESPN is a trusted brand, gambling with them seems safer and will likely garner more people to do so.”

Following Chapek’s ouster at Disney however, there is some uncertainty about the latter’s sports betting future. While Iger has yet to comment on Disney’s gambling plans following his return as CEO, he might try to reverse Chapek moves that appeared to run antithetical to the company’s wholesome reputation.

“Iger now coming back does make the Draft Kings deal less likely,” Taylor said. “I almost think its a dead deal. Under Chapek, I think the company was willing to make moves like that, but Iger believes more in keeping Disney and all of its subsidiaries more family-friendly. He’s still someone who wants to bring in money for the company, but Bob Chapek was more about money than about the continued legacy of a brand.”

With Chapek revealing plans to lower Disney’s expenses through layoffs and hiring freezes prior to his departure, Iger might take it one step further. The rumored DraftKings mega-extension  could also fall victim to Iger’s possible penny-pinching plans for Disney.

“With ESPN reportedly asking for $300mm a year per our channel checking, could DraftKings even afford to do that deal? Especially in light of its recent 3rd Quarter results and the investor reaction to its apparent inability to reduce costs?” said Eilers & Krejcik Gaming (EKG) Partner Emeritus Chris Grove in the most recent edition of the research firm’s weekly “EKG Line” report. “Bottom line, in the current market, we find it hard to see who would pay up for an exclusive ESPN deal—unless the price drops significantly.”

An increasingly competitive sports betting landscape might also make Iger less apt to expand Disney’s resources in that area. Of the United States’ 59 sports-betting operators in October, only three had double-digital market share. FanDuel leads the way at roughly 42%, followed by DraftKings and BetMGM. Fanduel CEO Amy Howe told CNBC on November 16th, that, “almost 90% of the operators have a sub-2% share of the market.” 

Coincidentally or not, Howe’s comments came one day after Fanatics CEO Michael Rubin revealed plans to launch sports betting operations in January 2023 and to expand gambling nationwide by the start of next year’s NFL season. 

“It should be clear that new entrants that are entering now at this point may face a real challenge taking on scale players who have more than a four-year head start,” Howe added.

Fanatics’s reveal was made just days apart from competitors like MaximBet and FuboTV sharing plans to shutter their respective sportsbook operations. That might give Iger more of a reason to weigh the pros and cons of Disney’s sports betting plans. 

“If I am looking at ways to grow profits for shareholders, sports betting is not the easiest way of making that happen, at least yet,” John Holden, a business professor at Oklahoma State University, wrote in an email. 

Iger’s second run at Disney has many wondering if it will be as successful as its first. Boomerang CEO success stories are few and far between in business. Outside of Steve Jobs’ second stint as CEO of Apple and Howard Schultz’s second run at Starbucks, returning CEOs and founders generally lead their companies to perform, “significantly worse than other types of CEOs,” management professors from the University of North Carolina at Chapel Hill, UC Irvine and Marquette University have found.

The researchers pointed to past experiences of boomerang CEOs’ performances at their companies. Xerox’s stock plummeted 60% after Paul Allaire was CEO between 2000 and 2001. Dell’s valuation dropped by 33% following the return of founder Michael Dell. Yahoo co-founder Jerry Yang took over as CEO of 2007 and, after struggling to compete with Google, stepped down in under two years.

Iger will be looking to recapture the magic at Disney that made him one of this country’s most successful CEOs. He led the acquisition of major Disney brands like Pixar, Marvel and Lucasfilm. He also closed the $71 billion deal to buy most of 21st Century Fox. He also spearheaded Disney’s efforts to dominate the streaming market through Disney+, which under Chapek’s leadership saw global subscribership swell to 164.2 million. 

Within a day of Iger announcing his return to Disney, shares jumped as high as 6%. For now, it might be wise to watch how he handles Disney’s sports betting aspirations before making any assumptions, argues Holden. 

“Perhaps Iger is the magician who can find all the profitability,” Holden said.

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BSM Writers

ESPN Radio Dreams Came True For Amber Wilson

“I’ve wanted to work for ESPN since I was 12 years old. It’s quite literally my childhood dream realized.”

Tyler McComas

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It feels like a dream come true, because that’s exactly what it is. Since Amber Wilson was 12 years old, she wanted to work for ESPN. On January 2nd, 2023, her dream will be realized when she takes the airwaves on Joe and Amber, with Joe Fortenbaugh, the newest show on ESPN Radio

But what makes this opportunity even more special is what Wilson’s 12-year-old self didn’t know at the time. One day, she would find herself in a spotlight that few other women in sports radio have been.

“It feels like a dream come true, because it is,” said Wilson. “And it’s not just being a host, it’s being a named host with my own show. That was the ultimate dream to be able to do that. I’ve wanted to work for ESPN since I was 12 years old. It’s quite literally my childhood dream realized. It’s been a really long journey to get here, over 20 years, and there’s certainly been some twists and turns but I think that makes it all the sweeter, frankly.”

This is a huge opportunity for Wilson and her career, but she takes immense pride in showing women there’s more opportunities in sports than just television. The opportunity with ESPN Radio didn’t come without twists and turns in her career, but the most rewarding feeling is helping lead the charge for more women in sports radio. 

“It means everything,” said Wilson. “I hope I don’t have the job because I’m a woman. I hope I have it because of my merit. I’m grateful they saw an opportunity here to maintain a woman in their lineup as a named host. I think that’s incredibly important, because Sarah Spain said on the Around the Horn when she talked about the end of her show and her run on ESPN Radio, I think Tony Reali said when Sarah was growing up there were no Sarah Spain’s on radio. That’s been something I’ve noticed even during my career.”

“I’ve had this dream since I was 12, but it was to go into television. I saw women on television in sports when I was 12, not many, but I didn’t know women in sports radio when I was growing up. So it wasn’t a medium I considered getting into. When I started my career it was all about TV. I sort of found my own way to sports radio and I was listening to it as a consumer all the time. I was listening to all men.

“It took me a long time to break into it, but I always loved it myself. I do think it’s important to show women that, hey, there’s other avenues here if you want to work in sports and there’s not just one way to do it. Hopefully my presence will do that. Just like Sarah Spain did. There’s still far too few, I’m the only named host in the lineup, so there’s far too few, but at least there’s some progress. But I’m so thankful for the opportunity.”

There’s a lot of anticipation and excitement for the debut of Joe and Amber on ESPN Radio. Especially for those who have heard the duo work together in the past. For the past few years, their paths have crossed as fill-in hosts across the network. Naturally, that means there’s already a level of chemistry that’s been developed between Wilson and Fortenbaugh.

But there’s still a few weeks until the show debuts in early January, which means there’s time to further the chemistry even more. And that’s exactly what Wilson and Fortenbaugh are doing, because they both understand the value of chemistry on a radio show. 

“We’re going to talk as much as we can leading up to the show to further develop that chemistry,” said Wilson. “We’re going to even pick out a sports subject, banter on it and do a mini show over the phone. We’ve both been in radio so long, he had a local show in San Francisco and I had a local show in Miami, so we’ve worked with different co hosts over the years and we know that, first and foremost, chemistry is everything when it comes to a radio relationship.

“It’s a very intimate relationship, I always say in sports radio with the host and the audience, because you’re really letting them in. There’s so much space with sports radio, which is what I love about it compared to television. There’s so much more space to bring your personality into it and certainly it helps if you have a report with your co-host and you have chemistry. That’s something that’s really important for us, for us to further develop that and we’re making an act to do so.”

The chemistry that’s already been established between Wilson and Fortenbaugh will undoubtedly help when the show debuts next month. But if you’ve heard the two together on air before, don’t necessarily expect an exact carbon copy of the shows you heard.

“We have to iron out the details and work with whoever our producer ends up being, as far as really structuring the show, but it’s certainly going to be our own flavor, since it’s our own show,” Wilson said. “Whereas before, we were filling in on other shows and trying to stay true to what they had developed and what they normally cover. It’ll probably be a little different, obviously Joe brings the better portion of things to the table, as well.

“We’ll definitely be doing some of that to get his expertise, although it’s not going to be a betting show, it’s going to be a talk show. They can still expect all the fun with sports talk and we really want to engage with the audience, as well, and put our own style and brand on it.”

Fortenbaugh is most notably known for his expertise in the sports betting space. And rightfully so, with how successful he’s been with sports betting content. However, you won’t find anybody that will doubt his ability to be more than just the ‘gambling guy’ on the show. He’ll get that opportunity on Joe and Amber. Wilson is eager and excited to be more involved in sports gambling and thinks it’s a great opportunity for her to learn from the best. 

“I love that I get to work with someone with that expertise, because it’s not my expertise,” said Wilson. “It’s a growing space that I think is only going to continue to grow. I’m just so grateful to be able to learn it and absorb some of his knowledge, frankly. I think it will be invaluable to the listener and I’m pretty stoked to be able to work with someone who has that.”

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BSM Writers

Should Baker Mayfield Start Thinking About A Media Career?

“What should he anticipate when that time comes? Here are a few things I would expect from Baker if he were my broadcast partner.”

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“Coach wants to see you, oh and bring your playbook”. Words no professional football player ever wants to hear. That means you’re done with that team, and it’s on to the next, or in some cases, on to a new adventure altogether.

Athletes never know when that day will come. Some are better prepared to deal with sudden change than others. A few have a skill set that can make it an easy transition to coaching, front office work, or broadcasting. 

Outspoken former players or managers seem like they have a leg up on the competition. Every network wants compelling characters that bring viewership. Most often times the player that’s been a great quote their entire career or the one that isn’t afraid to speak his or her mind that stands out in the booth or studio. 

When the news broke Monday that Baker Mayfield was going to be released by the Carolina Panthers, it got me thinking. Mayfield was a top quarterback in college football, won a Heisman Trophy, and was the top pick in the NFL Draft just 4 years ago. His tale is a familiar one, great in college, so-so in the pros. Matt Leinart and Tim Tebow are a couple of Mayfield’s contemporaries that fit that same bill. So, what might be next for him? Television?

The two examples I cited, have found life after football as analysts for college football broadcasts. Leinart is part of the studio crew at Fox and Tebow once worked for ABC/ESPN. Could Mayfield succeed in a television role? Absolutely. Would it take a little work to get him ready? Absolutely. There could be some stumbling blocks though. 

Mayfield has a reputation for being outspoken and irreverent. His personality has been called ‘toxic’ by some, ‘cocky’ by others and ‘brash’ to another audience. But, having a personality is half the battle to work in sports television. Even if the adjectives seem to fit, are they necessarily bad things? Maybe for a football team, but not for a guy that would be talking on television. 

Polarizing is another word used to describe Mayfield. His sense of humor, puts one segment of an audience off, while another loves it. For example, over the last few seasons at some postgame press conferences, he interjected phrases and rap songs into his comments. He’s a little ‘off-beat’ too. A few years ago, he took to Twitter, declaring that he and his wife Emily believed they spotted a UFO during an offseason.

The fact he hasn’t turned into a ‘franchise quarterback’ makes his swagger a turnoff to a lot of people. When you’re the number one overall pick in the draft and the success on the field doesn’t equal that status, you’re prime for the picking. 

Mayfield has shown a different side to his personality though in various commercials since he was drafted. Most notable are his “Progressive Insurance: At Home with Baker Mayfield” spots. The concept being that his home stadium (at the time First Energy Stadium in Cleveland) was his actual home. He and his wife experience typical homeowner issues in this giant empty stadium. It’s funny and he’s very good in them. Unfortunately, they are no more. He’s also starred in Hulu Live TV commercials, where his face is superimposed on a significantly smaller body. It’s strange, but he makes it work. 

One of Mayfield’s harshest critics, Fox Sports Radio host Colin Cowherd thinks the QB could make a career change work. On a recent show, the often-loud critic of Mayfield, was confident the former number one pick would be great on the air. “If I owned a network, I’d put Baker on as a college football announcer tomorrow,” he said. “Now he’s not (Joel) Klatt or (Kirk) Herbstreit, but I would put him on a college game. He’s got huge credibility collegiately, he’s totally outspoken.” Cowherd went on to say Mayfield could be in the #2 College Football booth in two years. 

Not just anyone that’s outspoken can make it as an analyst. I think of Charles Barkley, Ozzie Guillen and even Randy Moss to an extent. Three guys that have made a good living after playing/managing by being who they always have been. All were on the highest stage and each was a noteworthy quote in their playing days and now in their roles on camera. That means something. Their opinions come from years of experience in what they did. They’ve seen things, learned things, and know how to translate those nuggets into rants and viral moments. It’s hard to fake and you either have it or you don’t. 

What you see and hear is what you get with this trio. Like them or not, agree with them or not, it really doesn’t matter to them or the networks they work with. Barkley, Guillen and Moss are each the type of commentator that draws in an audience. It’s the old Howard Stern prophecy, people who didn’t like him listened almost as long or longer to him to hear what he’d say next.  

Mayfield would have some cache in the college game. But thinking that just because he’s a good quote and an opinionated, and outspoken guy, he would automatically be able to work in media isn’t correct. Mayfield would need to put some work into it, not only in preparation, but in being a good teammate in a studio or booth setting.  

Now, Baker Mayfield is spending at least the rest of this season still on an active NFL roster after signing with the Los Angeles Rams. That means there is time to get things right if and when he wants to try his hand at broadcasting.

What should he anticipate when that time comes? Here are a few things I would expect from Baker if he were my broadcast partner.

ACT LIKE A ROOKIE

It’s easy for those that played the game to think that they know everything there is to know about that sport. But there’s a lot to learn about the broadcasting game. There’s nothing worse than someone with little to no experience coming into an unfamiliar situation and acting like a know-it-all.

I would be hopeful that someone trying this for the first time would act like a rookie. They should be receptive to coaching and try to make a good impression. Just as in football, there are subtle nuances that need to be learned to make the relationship between a play-by-play announcer or host and his or her analyst. 

PREPARATION

Not unlike football, there’s a ton of preparation that goes into a broadcast. Not just knowing the teams, but understanding the flow of a broadcast. Prep and reps are critical in sports and in broadcasting.

As a play-by-play announcer, I expect my analyst to be prepared and not just with cliches and “when I played” moments. Believe it or not “Mr. Former Football Player”, for your first time around, we’re going to have practice too. Oh, and there’s game tape to watch in this job too. There are coaches and players to talk to as well. Don’t come into my house thinking this is easy. 

TEAM FIRST

A good relationship between a broadcaster and his or her analyst is probably the most critical aspect. It’s not so important that you be my friend, but teamwork is crucial.

Think about it in sports terms. I’m sure there were teammates that the player didn’t exactly get along with, but had to coexist to make the team better. Announcing and hosting is a team sport too. It takes numerous behind-the-scenes people, a director, producer, production assistants, stage managers and audio folks to make it all work. Does everybody go out to dinner every night? No. Does it matter? Not when the end game is to make it the best broadcast possible every single solitary night or day. 

It is a demanding job. Yes, you won’t get hit every play, you might not get booed, but you’re going to have to work. If you come in understanding that, you’ll be fine. It’s going to be a short foray into the broadcasting world for you for anyone that doesn’t get that. 

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