The interest level is astounding: $21.5 billion was bet legally on sports in the United States last year, up 65 percent from the $13 billion bet in 2019 and nearly five times the $4.6 billion bet in 2018, according to the gambling-industry research firm Eilers & Krejcik Gaming. Today’s moves are fast, virtually instantaneous, and all done from the convenience of your home, office, even your favorite cigar bar.
It’s a world apart from old-school betting, waiting in line at a casino sportsbook, eventually reaching the betting counter and ultimately laying down a big pile of cash. And while his setup is next-level advanced, Kyrollos is far from alone in favoring online sports betting, via computer or mobile app, over doing it the old-fashioned way. It searches on- and offshore books for wagering opportunities at the desired number-implanted after a big movement is spotted or critical news breaks-and places bets at split-second speed, allowing him to wager without even touching his keyboard. Kyrollos, who graduated from Rutgers University with a dual degree in computer-science and finance, designed his system, which is outfitted with an automatic bet feature, to maximize his returns. Their big bet of the moment was $30,000 on the Charlotte Hornets to cover the spread against the Boston Celtics. The advantageous opportunities were limited, making it a relatively light day for Kyrollos and his crew. Two of Kyrollos’ employees stationed themselves inside an adjacent room, monitoring lines of data identifying the ever-changing odds of games set to go off during the course of the afternoon and evening. Some 88 miles away from the nearest casino, he occupied a conference room in the rear building of a suburban office park, placing tens of thousands of dollars’ worth of bets, all of them online, and all of them legal. It was an NBA Sunday in Central New Jersey and Gadoon “Spanky” Kyrollos, one of America’s most prolific and successful sports bettors, was in his element.
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