Alex Dubin is the Founder and CEO of BettorOff, a sports betting platform designed to bring transparency and integrity to bettors through blockchain technology. After a few early career twists and turns, Alex Dubin leveraged a chance meeting in a poker game to pivot into sports betting just as daily fantasy sports (DFS) was taking off. He helped set up an investment fund that delivered over 70% returns by deploying algorithms and analytics to beat platforms like DraftKings and FanDuel. However, regulatory changes aimed at these DFS market leaders ultimately...
Alex Dubin is the Founder and CEO of BettorOff, a sports betting platform designed to bring transparency and integrity to bettors through blockchain technology. After a few early career twists and turns, Alex Dubin leveraged a chance meeting in a poker game to pivot into sports betting just as daily fantasy sports (DFS) was taking off. He helped set up an investment fund that delivered over 70% returns by deploying algorithms and analytics to beat platforms like DraftKings and FanDuel. However, regulatory changes aimed at these DFS market leaders ultimately crushed Alex’s fund after an impressive 23 month run. Showing perseverance, he co-founded a sports data and analytics company focused on the exploding esports industry and was acquired within two years.
Alex then combined his passion for sports and his legal background to co-found BettorOff. With over 50 million sports bettors in the U.S. relying on questionable information sources, BettorOff verifies betting records and gives handicappers an equitable way to build reputation and community. The company wants to be the go-to source for sportsbook players and content creators in a niche Alex calls the “OnlyFans for sports betting”. He believes relentless pursuit of purpose and passion is key to thriving through the startup wilderness.
Episode Outline
(00:00:00) Introduction
(00:01:29) Early career and background
(00:04:48) College struggles and resilience
(00:07:01) Getting Miami Heat internship
(00:10:00) Learning from Coach Pat Riley
(00:14:44) Launching fantasy sports fund
(00:18:26) Leaving law firm
(00:22:45) Shutting down the fund
(00:24:37) Pivoting to sports data startup
(00:26:34) ESPN partnership
(00:30:56) Acquisition by SportsGrid
(00:35:27) Starting BettorOff
(00:41:03) Building remote teams
(00:44:31) Fundraising approach
(00:48:19) Previous startup exits
(00:50:07) Parent reactions
(00:52:15) Vision for BettorOff
(00:55:52) Handicapper transparency
(01:00:07) Sports betting portfolio model
(01:02:18) Social network aspects
(01:06:57) Remote work culture
(01:17:53) Monetization models
(01:20:10) Market viability
Episode Links
BettorOff: https://www.bettoroff.com/
Miami Heat: https://www.nba.com/heat
Alex’s LinkedIn: https://www.linkedin.com/in/alex-dubin-41834261/
Pat RIley Wikipedia: https://en.wikipedia.org/wiki/Pat_Riley
Winning Time (TV SHow): https://en.wikipedia.org/wiki/Winning_Time:_The_Rise_of_the_Lakers_Dynasty
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