Vig & Juice Ep.1: Three Elements of Gambling
March 25, 2019 | By Vela Wood
Vig & Juice is a podcast discussing the history and legality of gambling and sports betting in the US. Vig & Juice is hosted by three attorneys who practice Fantasy Sports & Gaming Law at Vela Wood and are principal agents at VW Agency, a talent & strategy consulting agency focused on fantasy sports and sports betting.
In this episode, we explain the meaning of Vig & Juice, discuss gambling’s roots in Greek mythology, and lay out the three elements that define gambling.
- 1:25 Podcast Name Explanation
- 3:45 Greek Mythology
- 4:45 Definition of Gambling
- 8:20 Outlawing Gambling
- 12:20 History of Sports Betting
- 14:55 Rad’s First Sports Bet
- 17:45 History of Casinos
- 19:05 Podcast Forecast
- 19:45 Lottery & 13 Original Colonies Bet
- The Repeal of PASPA
- Why Playing Fantasy Sports Is Legal (For The Most Part)
- Fantasy Sports Contest Legislation Tracker