logo
episode-header-image
Apr 2023
23m 42s

FT Weekend: The secret gamblers using AI...

Financial Times
About this episode

This week, we’re bringing you something from our fellow podcast, FT Weekend. The show travels to Miami, Florida, to drink some beers, place some bets, and discover how AI is changing the sport of horse racing. FT data journalist Oliver Roeder joins FTW host Lilah Raptopoulos to talk about how the ancient sport is being upended by anonymous computer-assisted bets. These secretive gamblers are injecting billions of dollars into the pools, and aggressively tipping the odds, and it’s putting the whole sport at risk.


- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

I used AI to bet on horse-racing. Here’s what happened

Stake.com: the Aussie gambling minnow that made it big on crypto 

How English football became hooked on gambling

- - - - - - - - - - - - - - - - - - - - - - - - - - 

On Twitter, follow Oliver Roeder (@ollie) and Lilah Raptopoulos (@lilahrap)


Read a transcript of this episode on FT.com



Hosted on Acast. See acast.com/privacy for more information.

Up next
Nov 24
Coming soon from Tech Tonic: Defying death
<p>Investors are spending billions of dollars on novel ways to extend human life through inventive treatments, therapies, and even manipulating our genes. And increasingly, it seems as though anti-ageing efforts have moved from the super rich to a mass market consumer industry. I ... Show More
1m 30s
Nov 19
What’s the deal with OpenAI's deals?
<p>OpenAI is entering a new era. It's restructured to add a for-profit arm to its business and has signed more than a trillion dollars’ worth of deals to secure chips and build out data centres. But those huge financial commitments also raise massive questions: How will a heavily ... Show More
26m 5s
Nov 12
Pfizer and Novo Nordisk’s $10bn battle over weight-loss drugs
Pharma juggernauts Pfizer and Novo Nordisk are struggling in the obesity drug race.The two companies are searching for their next moneymaker, and that search recently spun out into a ferocious, multibillion-dollar battle for control of biotech start-up Metsera. The FT’s US deals ... Show More
26m 3s
Recommended Episodes
Apr 2023
The secret gamblers using AI to hack horse racing
This week, we go to a racetrack in Miami, Florida to drink some beers, place some bets, and discover how AI is changing the sport of horse racing. FT data journalist Oliver Roeder joins Lilah to talk about how the ancient sport is being upended by anonymous computer-assisted bets ... Show More
23m 21s
Sep 2023
Casinos Losing Millions in Minutes & Tech Titans Hit Capitol Hill
Episode 147: Neal and Toby chat about the big hack that hit Las Vegas casinos causing millions of loss revenue for multiple days. Then, the Monday Night Letdown for the NY Jets has sparked the debate of whether the NFL should invest in grass fields instead of astroturf to protect ... Show More
28m 47s
Mar 2023
The Explosion of Legalized Sports Gambling | Beyond the Scenes
March Madness and the NCAA tournament are in full effect, and it’s one of the biggest sports betting times of the year.  Host Roy Wood Jr. sits down with Daily Show correspondent, Michael Kosta, and gambling industry reporter for ESPN, David Purdum, for a conversation about how p ... Show More
44m 52s
Apr 2018
These Stories Of Horse Racing Gamblers Will Get You Psyched For The Kentucky Derby
The Kentucky Derby is coming up in early May, and it's time to get excited. On this week's Odd Lots podcast, we talk to Bloomberg editor David Papadopoulos, who in addition to his day job has been betting on horses for a long time. In our discussion, he talked about great gamblin ... Show More
22m 51s
Feb 2023
How Sports Betting Hit the Mainstream in America
<p>This weekend, one of the most watched sporting events of the year, the Super Bowl, will draw an estimated $16 billion in bets from Americans, more than double last year’s total.</p><p>The booming trade is a sign of how gambling has gone from illegal to legal very quickly in ma ... Show More
34m 25s
Aug 2023
Sports Gambling
Howdy Y'all! This time on *unintelligible cryptid noises*! My Favorite Sports Team, Markiplier leads the way in an important discussion on the complicated and controversial world of sports betting. The conversation is kicked off by discussing the live streaming platform Kick and ... Show More
40m 51s
Nov 2021
The bullying inquiry that's shaken British horse racing
It's a sport in which men and women compete equally. But is horse racing all that it seems? New accusations paint a picture of a culture that condones threatening behaviour - and frowns upon those who report it.This podcast was brought to you thanks to the support of readers of ... Show More
28m 50s
Sep 2023
The dark side of the US sports-betting boom
Sports betting is a relatively young industry in the US, in effect launching after a 2018 US Supreme Court ruling struck down a federal ban. Before then, those who wanted to gamble on sports legally had to travel to casinos in Nevada, or three other states that were exempt from t ... Show More
22m 4s
Sep 2023
What the Heck Is Sports Betting and Are You Missing Out
<p>This week, Sim and Sonya discuss the world of sports betting. They break down what sports betting is, the various types of bets you can make, and how it's become accessible through mobile apps. They also emphasise the importance of not letting emotions drive your bets and high ... Show More
29m 6s