Professional Sports Bettor Harley Redlick on Betting for a Living
Professional sports bettor Harley Redlick explains what separates the small percentage of winning bettors from everyone else. He discusses legal versus illegal betting sites, why sportsbooks limit successful bettors, the taxation of gambling winnings in Canada, and the growing influence of gambling advertising on youth.
Key Takeaways
- Sportsbooks often limit or ban bettors who consistently win.
- Gambling winnings taxation in Canada can depend on whether betting is treated as a hobby or a profession.
- Legal betting sites generally offer more consumer protection than offshore or illegal alternatives.
- The rise of gambling advertising raises concerns about its impact on youth.
Guest
Harley Redlick is a professional sports bettor who shares strategies and insights on legal betting, sportsbook behavior, and the taxation of gambling winnings in Canada.
In This Episode
- 0:00Introduction to Harley Redlick
- 3:00Defining sports betting and its popularity
- 7:00The five by two commandments of successful betting
- 10:00Legal vs illegal betting sites
- 15:00Why sports books limit winners
- 21:00The Osgoode Gaming Law Certificate
- 26:00Crypto in sports betting
- 27:00Taxation of gambling winnings in Canada
- 30:00The economics of professional sports
- 32:00Impact of gambling ads on youth
- 37:00Toronto sports teams and championship droughts
