Deadspin Faces Lawsuit Over Hit Piece on Handicapping Industry

Posted 8 years ago |  Capper Reviews Report, Service Plays Reviews  |  0 comments

Deadspin Faces Lawsuit Over Hit Piece on Handicapping Industry

The business of professional sports handicapping has changed a lot over the years, and for the most part the industry has become far more transparent.

In the Hollywood film Two For The Money (based on the real life of Stu Feiner and Brandon Lang), handicappers are portrayed as unethical, immoral, dishonest individuals looking to bleed their clients dry as quickly as they possibly can.

This was a successful business model for some in the 80s and 90s, before the rise of the Internet, and prior to the era of social media. Today’s handicappers are held to a higher standard, as false claims or misrepresentation of facts can easily be exposed by the online community.

Online gossip rag Deadspin published this article in June of 2016: How America’s Favorite Sports Betting Expert Turned A Sucker’s Game Into An Industry. The piece was written by freelance journalist Ryan Goldberg, who claimed to have spent over a year investigating Pregame.com, and owner R.J. Bell.

In the opening paragraph, Goldberg acknowledges the popularity of sports betting, and names Bell as America’s authority on the subject:

Full wagering is illegal in 49 states, but sports betting is big business, with billions wagered each year—and everyone knows it. Lines and moves are discussed openly on TV, and covers are mentioned right next to game stories. Media outlets nationwide turn to a handful of people for insight and predictions into point spreads and odds. And the man they look to more than any other is RJ Bell, a self-proclaimed modern-day Jimmy the Greek.

As you read on, it becomes clear that Goldberg wants us to think that today’s touts are no better than those of the past. He acts as though he has evidence that proves what he says is a “gross misrepresentation of records”, and goes on to point out what most people would consider to be common knowledge (the house always wins). He uses spectacular graphs and formulas to create a perception of enormous losses, but fails to disclose how he comes to such conclusions.

The Pot Calling The Kettle Black?

In the eyes of somebody with knowledge of the industry, it seems that Goldberg is using the same tactics he says are used by the handicappers he is slandering. Deadspin’s former parent company (Gawker Media) was forced into bankruptcy after Hulk Hogan was awarded $115 million in a lawsuit over a sex tape. R.J. Bell has retained the same lawyer who represented the Hulkster (Charles Harder) for his lawsuit versus Deadspin.

The article shows a list of 49 handicappers, and claims that only 11 of them showed profits over a five year period from January 2011 – May 2016. The funny thing is, most people who are well informed about the world of sports betting would be impressed by the fact that Pregame managed to find 11 individuals who can prove they’ve beaten the bookmakers five years running.

The article goes on to say that the profits from these handicappers would still not even cover the cost of purchasing the picks. Of course drawing such a conclusion would be impossible without using highly speculative data, and this will likely be a major point of contention in the lawsuit.

Poor Understanding Of The Handicapping Industry

The biggest issue though, was the suggestion that professional handicappers sell clients losing picks so that they can cash out a percentage of their losses as affiliates to sportsbooks. Here is a quote from Goldberg’s article: “It’s a can’t-miss business plan, and it pays off twice. First when customers buy the picks, and again when they fork over their money to sportsbooks on those losing bets.

The problem with these wild accusations is that Goldberg knows very little about the handicapping business. He makes the assumption that people will buy picks from a losing handicapper, and that simply isn’t how it works. Most sites will only market handicappers who are winning, and 90% of the sales will go to a handful of pros who rank near the top on the leaderboards. In other words, R.J. Bell makes a lot more money when his handicappers win than he does when they lose.

Is Goldberg A Losing Bettor?

Everybody has heard the expression the house always wins, so it really seems strange that Ryan Goldberg would take a year out of his life trying to prove the obvious. He seems to be quite passionate about the subject, and perhaps it’s the result of his own failed ambitions as a sports bettor? Goldberg sounds like a punk kid who blew his trust fund betting on sports, and has decided to ruin the fun for those of us who enjoy betting within our means.

Responsible bettors understand the risks, and they are not oblivious to the fact that it’s extremely difficult to beat the house. When they decide to hire a professional handicapper, they do so because they believe it will increase their chances of winning, NOT because they believe winning is guaranteed.

Leave a Comment

Your email address will not be published.

More Reading

Deadspin Faces Lawsuit Over Hit Piece on Handicapping Industry

Clemson vs LSU NCAAF Week 1 Preview and Prediction August 30, 2025

2 weeks ago |  Betting Previews and Predictions, Featured, NCAAF

The Clemson Tigers host LSU in Week 1, and both these teams are expected to compete for a spot in the College Football Playoffs. Clemson lost 34-3 to Georgia in Week 1 last year, while LSU was upset by USC in a 27-20 loss in Las Vegas in their 2024…

Deadspin Faces Lawsuit Over Hit Piece on Handicapping Industry

Utah vs UCLA NCAAF Week 1 Preview and Prediction August 30, 2025

2 months ago |  Betting Previews and Predictions, Featured, NCAAF

Nico Iamaleava's dispute with Tennessee over money resulted in him leaving the team to accept far less money at UCLA. When you consider the higher taxes in California, you really have to question the decision making of the Bruins new quarterback.

Deadspin Faces Lawsuit Over Hit Piece on Handicapping Industry

Auburn vs Baylor NCAAF Week 1 Preview and Prediction August 29, 2025

2 months ago |  Betting Previews and Predictions, Featured, NCAAF

The Bears will be a home underdog versus Auburn in Week 1, despite the fact that the Tigers are coming off a 5-7 season. A few costly turnovers and bad bounces were likely the difference between 5-7 and a winning record and a bowl game for Auburn last year.

Deadspin Faces Lawsuit Over Hit Piece on Handicapping Industry

Alabama vs Florida State NCAAF Week 1 Preview and Prediction August 30, 2025

2 months ago |  Betting Previews and Predictions, Featured, NCAAF

The last time Alabama played Florida State it was 2017, and Jalen Hurts was the quarterback for the Crimson Tide. The game was in Atlanta, and it wasn't particularly close. The Seminoles were shutout in the second half in a 24-7 loss.

Deadspin Faces Lawsuit Over Hit Piece on Handicapping Industry

Georgia Tech vs Colorado NCAAF Week 1 Preview and Prediction August 29, 2025

2 months ago |  Betting Previews and Predictions, Featured, NCAAF

The Buffaloes have to replace the reigning Heisman Trophy winner Travis Hunter, who was a star on both sides of the ball, and the leading passer in the BIG12 last season. Making things even more complicated, Coach prime missed time due to health issues and it remains uncertain how serious…

Deadspin Faces Lawsuit Over Hit Piece on Handicapping Industry

Sam Houston vs Western Kentucky NCAAF Week Zero Preview and Prediction August 23, 2025

2 months ago |  Betting Previews and Predictions, NCAAF

Bailey Zappe threw for almost 6,000 yards and a record 62 touchdowns during that championship run. Western Kentucky will hope that the next great Hilltoppers quarterback is Maverick McIvor who transfered from Albien Christian.

Deadspin Faces Lawsuit Over Hit Piece on Handicapping Industry

Fresno State vs Kansas NCAAF Week Zero Preview and Prediction August 23, 2025

3 months ago |  Betting Previews and Predictions, NCAAF

The Jayhawks were projected to be a contender in the BIG12 last year, but they lost five of their first six games and finished with a losing record. They come into 2025 with high expectations once again, and they host Fresno State in their season opener.

Deadspin Faces Lawsuit Over Hit Piece on Handicapping Industry

Iowa State vs Kansas State NCAAF Week Zero Preview and Prediction August 23, 2025

3 months ago |  Betting Previews and Predictions, Featured, NCAAF

The Cyclones have won four of the last five meetings in this Farmageddon matchup, but the bookmakers have Kansas State favored here in Ireland. The Wildcats are laying 3.5 points, and we've seen four of the last five Aer Lingus Classic games decided by three points or less.

Deadspin Faces Lawsuit Over Hit Piece on Handicapping Industry

Stanford vs Hawaii NCAAF Week Zero Preview and Prediction August 23, 2025

3 months ago |  Betting Previews and Predictions, Featured, NCAAF

Frank Reich takes over heading into the 2025 season. Hawaii is coming off back to back five win seasons under Timmy Chang, who enters his fourth season as head coach of the Rainbow Warriors. With GM Andrew Luck still searching for a permanent head coach to take over the program,…

Deadspin Faces Lawsuit Over Hit Piece on Handicapping Industry

BYU vs Colorado NCAAF Alamo Bowl Preview and Prediction December 28, 2024.

9 months ago |  Betting Previews and Predictions, NCAAF

Colorado came into the 2024 season with a season win total of 5. It's fair to say that Deion Sanders exceeded all expectations with this team in just his second year in Boulder. It didn't start out that well with poor offensive line play a lingering issue from the previous…