Circles Off - Sports Betting Podcasts

Mark Hill joins for a discussion | Presented By Underdog

11 snips
Mar 19, 2025
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ANECDOTE

Why Some Sportsbooks Fail

  • PlayUp failed due to generic products and overstretching licenses without focused investment.
  • Fubo and Winbet had vision and talent but were crippled by bureaucracy and poor executive decisions.
ADVICE

Prioritize Hiring and Pricing

  • Hire the right people first; the first five hires can make or break a sportsbook.
  • Build in-house pricing expertise and data collection to remain competitive and avoid relying solely on third-party feeds.
INSIGHT

Exchanges Limited By Regulation

  • Exchanges face regulatory barriers like the Wire Act limiting their growth in North America.
  • Without federal reform enabling cross-state betting, exchanges won't become mainstream anytime soon.
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