A Crazy NFL Week & Trading Insights w/ Sporttrade’s Alex Kane

It’s episode 117 of Wise Kracks and joining the show this week is the founder of a platform that’s going to change the sports betting game! We also discuss NFL Week 6, Jon’s rough week as a sports fan, the MLB postseason, and a highly anticipated UFC event. Let’s get into it!

Your hosts Bill Krackomberger and Jon Orlando discuss how NFL games have changed since last year, and how it’s attributing to a crazy 2022-23 season. How exactly have things changed?

Jon had a rough week as a sports fan. His Dallas Cowboys lost, but even more sadly, his Los Angeles Dodgers are out of the playoffs. As Bill starts the show with a moving eulogy to the Dodgers, Jon wants to know: what exactly went wrong for them?

UFC 280 takes place this Saturday and is shaping up to be a stellar card! With two title fights in the mix, who do the guys take to win?

Bill and Jon are joined by Alex Kane, the CEO, and founder of the sports betting platform Sporttrade. Sporttrade is noted as the first platform that allows users to trade sports bets like you would trade stocks. He chats with the guys about the advantages of the trade model, how his love for trading and betting came together, and how the market for this type of platform grows.

It’s time to buckle in for this week’s Wise Kracks!

How the Game has Changed in NFL Week 6

It was a bad week for me.

A somber Jon slouches behind his microphone, donned in black as if he were mourning the losses his favorite teams succumbed to last weekend. Both his Dodgers and Cowboys suffered, with the former being eliminated from the MLB Playoffs by the San Diego Padres, and the latter losing to the Philidelphia Eagles. Bill chimes in, “The Eagles aren’t that team that should be 5-0, but maybe I was just wrong.”

With Cooper Rush’s first loss as a starting quarterback, Bill and Jon reconsider his position in the Cowboys line-up, especially with Dak Prescott’s return on the horizon. Bill is a little skeptical,

I don’t know about how Dak’s going to look… his health status is still up in the air.

The guys switch gears to look at the league as a whole and the results of Week 6. “This year, the parity between the teams is so evenly matched,” Bill says. With 6 weeks into the season to reflect on, Bill notes how much the game has changed since last year,

The defenses are so different this year…they’re making it harder for even the better quarterbacks.

With defense slowing down the number of plays, they’re forcing things that offenses aren’t used to.

With this, Bill concludes that game totals are getting lower and lower as the season progresses, “The lines keep lowering, and the bookmakers are cleaning up this year!” Speaking of betting, Bill has a bone to pick with people who put money lines in their parlays, “It will screw with people’s bets!”

With a third of the way into the season, the guys look at the odds for each team to win the Super Bowl.

The thing about this year so far is that there’s no clear Super Bowl winner,” exclaims Bill.

Jon agrees, “I know people are thinking Buffalo Bills, or Kansas City Chiefs… but it’s just so hard to tell!”

Wall Street… But For Sports Betting?

Joining Bill and Jon this week is Alex Kane, the CEO, and founder of the sports betting platform Sporttrade. However, this isn’t any ordinary sportsbook; Sporttrade allows users to buy into bets on the market, and trade them like you would trade stocks on the exchange.

To put it in layman’s terms, say you wanted to bet that the Houston Astros will win the 2022 World Series. You can “buy” the contract, much like committing to a bet, and it can increase and decrease in value depending on the progress of the team and the change in odds. You can trade it, much like a stock, and you can get your payout instantly.

The idea of Sporttrade came to be through Alex’s love of trading and betting, “I was a finance student… someone put a phone in my hand with the Robinhood app open, and I picked it up right away.” When someone else showed him sports betting, he had a genius thought, “There’s gotta be a world where you can trade scores!”

Bill is impressed, “Let’s be blunt; no one else is doing what you’re doing… it’s the wave of the future for anyone with common sense!” Ultimately, Bill sees the benefits of this model for sports bettors compared to sportsbooks, “You’re winning more and losing less!” Jon sees some potential in Bill’s words, “Hey, that would make for a great tagline!”

However, it’s not as cut and dry of a platform to operate such as sportsbooks. Bill is curious, “How do you bring buyers and sellers into the market?” Alex explains, “We get seeders, they’re the market makers. They put the prices into the market, and are connecting with each other to deliver really tight pricing.” Bill lauds this and loves that the public can also place markets in there as well, “You have to water the seeds, and smarten up the public.” Alex agrees, “We’re acquiring the type of customer that likes the better pricing!”

With Sporttrade catching on, Alex talks about his excitement for expansion,

We’re looking to expand into Colorado and Indiana… we’re trying to validate that customers really like it in New Jersey.

Jon thinks it will be a sure shot, “This is going to revolutionize sports betting.” Bill concurs, and adds how beneficial a platform model like this would be for the world of sports betting, “I hope it does, there’s so much value involved in something like this!”

Catch Wise Kracks Thursday on YouTube

Welcome to Wise Kracks, where we’ve got you covered for betting, pop culture, tips & more! Your hosts Jon Orlando and Bill Krackomberger discuss the NHL, NBA, MLB, & the NFL like great friends would.

Every week finds a new guest joining the show, sharing great stories from the world of sports and entertainment. Wise Kracks wants to see your winnings pile up, and Bill is here to help you climb the ranks.

Catch a new episode of Wise Kracks every Thursday by tuning into the WSN YouTube channel!