Meet The 'Wiseguys' Of Sports Betting—The Las Vegas Version Of Wall Street

Life On The LIne

In many ways, the sports betting world can be described as the Las Vegas version of Wall Street.   

“Sports betting is the moral equivalent of Wall Street. It really is. Instead of betting on companies to rise or fall, I’m betting on sports teams to rise or fall. There’s no difference between the two,” said Teddy Covers, a professional sports bettor and ESPN columnist, in the newly released film, “Life On The Line.”

Click to meet the stars of the film >

“The sports bettor’s problem is that we haven’t marketed ourselves well. It’s my job to change that,” he added.  

The 55-minute film gives an inside look into the secretive world of sports betting by following a group of professional sports bettors and bookies around the time of Super Bowl XLV (Steelers v. Green Bay Packers). 

The film’s director, Isaac Feder, told Business Insider that he thinks it’s the “most authentic sports betting story ever made.” 

Feder explained that the sports bettors granted him access in order to show them accurately.  He described them as diligent, hard working, “brilliant masterminds.” 

“They really are the best at what they do.  It isn’t different from what a Wall Street trader does or a stock broker,” he said.  “They just have terrible press and PR.” 

A lot of sports bettors are called “wiseguys” and that has a negative connotation nationwide, Covers explained in the film. But in Vegas being a “wiseguy” is a “badge of honour” because it means you’re beating the books, he said.

The movie premier was hosted at the LVH in Las Vegas this past weekend.  We’re told that about 300 people were in attendance for the screening, which was held in the same theatre Elvis used to perform in. 

Feder was kind enough to share with us some photos from the red carpet event, so let’s meet these “wiseguys.” 

Producers - Cary Lin, Isaac Feder (d), Mahesh Pailoor, Matti Leshem

Isaac Feder and Pro Bettor Bill Krackomberger

Teddy Covers and fiancee Kara Ebstein

Teddy Covers and director Isaac Feder

Anthony Curtis and Matti Leshem (Anthony Curtis' website, LasVegasAdvisor.com, is where the film is exclusively distributed right now.)

Anthony Curtis, Alf Musketa, and Steve Fezzik of LasVegasAdvisorSports.com

Director Isaac Feder and pro Bettor Steve Fezzik

Isaac Feder and Jay Kornegay, VP of Race and Sports at LVH Hotel

Former NFL Star Tully Banta-Cain and Matti Leshem

Isaac introduces the film

Watch the trailer here:

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