Final Results from My Workout Prop Bets (Plus A Look at the FantasyLabs Company Trip)

Near the beginning of the year, I booked some workout prop bets with Peter Jennings and Adam Levitan. The reasoning was simple: to give us motivation to get in better shape. When your daily commute is from your bed to the living room – and many times not even that far – it makes sense to work toward the goal of not having a heart attack by age 35.

We didn’t have much time to get prepared for this – about six weeks – but decided to compete this past weekend since we’d all be in Florida for the annual FantasyLabs company trip. And what a trip it was. We went to Orlando. Why Orlando? Because apparently you can book mansions there for the same price as renting a studio in Manhattan.

 

We were initially planning a trip to Miami, but once you factor in the size of our team (16 people went to Florida) and the cost of hotels/houses, it was obvious this was actually one of the cheapest options available. Yeah, one of the cheapest options we could find had a movie theater, bowling alley, lazy river, and at least two kitchens I never even saw.

 

The House

I’m really big on working remotely – no commute, fewer costs, etc. – but it’s important to get the team together every so often, and this was a good place to do it.

Outside of the workout props, other highlights included:

  • Dunk contest

 

  • Beating Levitan in Ms. PacMan
  • Winning $4,300 in my first attempt at NASCAR DFS (definitely 100% skill, no luck whatsoever)
  • Meeting a few of our employees for the first time and hanging out with the wily vets
  • Peter justifying getting into the pet industry by claiming “Dogs is up 30%”
  • Convincing (bribing) Freedman to talk to his wife with an accent for a full 10 minutes

The last one was an idea I had while at IHOP, which seemed like a natural place to go when you’re staying in a house with 20 pinball machines and an orange gym. On the flight home, I laid out the rules for the bet:

 

And Freedman delivered:

 

His name is matthew-freedman-6 on Venmo if you want to send your appreciation.

 

The Prop Bet Results

As far as the prop bets, the idea was a huge success. Even if I had lost every bet and a decent amount of money, it still would have been worth it. Both the money and the competition aspect of it were extremely motivating; all of us exercised very consistently – nearly every day – and worked harder than we ever would have without the bets. I didn’t want to lose money, but I really didn’t want to lose to Levitan and Peter. I can’t recommend enough how much of a proponent I am of using prop bets for motivation by giving yourself personal downside if you don’t work toward whatever goals you have and upside if you achieve them. Even since returning, I don’t have motivation to work out and won’t really push myself to do it until I create another challenge.

Mile run: Levitan winner (6:22), Bales 2nd (6:28)

 

The fact that over 11,000 people watched that is both awesome and disturbing. If you told me I’d run 6:28 in the mile, I’d be broke right now because I would have bet every dollar I own on winning that race. Amazing job from Levitan. If it weren’t on Periscope, I would have just stopped a little over halfway through because I could tell it was over, but I didn’t want to disappoint all the fans who tuned in to see a nail-biter.

Pullups: Bales winner (25 reps), Levitan/Peter 2nd (6 reps)

I had to go first in this event, which required the pullups to be from a complete hanging position and then all the way up with the chin above the bar. If you’ve ever done pullups, you might know the difference between a total lock-out and going 90% of the way down is substantial. I did only 15 (nearly 16) in training for this, so these results are what you’d call being a gamer. I actually didn’t know I’d win before the event, but I did know I was a lock once I got to about 15 and still felt pretty good.

Jumps (over bench, most in 2 minutes): Bales winner (95), Levitan 2nd (76)

Levitan went first in this, which was a big advantage for me. I tried to push myself at the end so we could get a realistic idea of the spread if we were to bet on it again. This exercise is sooo much harder than you might think. We had to jump off of two feet over the bench without touching it.

Bench Press: Peter winner (11 reps), Levitan 2nd (9 reps)

I was not able to compete in this because on the 10th day of training I partially tore my biceps tendon. I did 10 reps of 225 on the set before that injury. I actually couldn’t do pullups for a couple weeks, but I still trained for that by just holding myself up on the bar (from the highest possible position) and doing partial bent-over rows and other similar exercises.

Racquetball: Five stitches for Peter; Levitan and Bales big winners

I ended up winning two of my three events and would have been a mortal lock in the bench press.

 

My Strategy

Overall

Going in, my initial strategy was actually to lose weight. The reason for that is because lighter weight (assuming the same strength) would benefit me in everything except the bench press. Of all the events, I thought the bench press was going to be the most likely win for me and it really didn’t matter too much what I did there. Thus, if I could gain strength and lose, say, five pounds, it would help me in every other exercise.

Like I said, I tore my biceps tendon on the 10th day of the competition and had to drop out of the bench press. I was extremely incentivized to drop some weight at that point, so naturally I checked in around two pounds heavier than where I started. I think it just ended up being hard to not gain muscle from lifting weights for the first time in awhile, and I wasn’t going to force it.

The plan was to do all strength workouts until the Tuesday before the trip and all cardiovascular items up until Wednesday.

 

Mile

I thought I was a huge dog in this, which probably ended up being the case. On my first attempt at the mile, I had to stop. The first time I finished it in early January, it was somewhere around 9:30. That was outside and slightly up and down, but still – not good.

In terms of training, I ran a full mile only five times, I think. The way I trained for it was by instead doing sprints for as long as possible, stopping for a bit, then going again. Sprint. 30-second break. Sprint. 30-second break. And so on. The other thing I did was run up and down the stairs 50 times (up and down being one) as quickly as possible, which was my “light” training. My thinking was that I was probably so far behind that doing anything with moderate intensity wouldn’t be smart. I also wanted to improve my cardiovascular fitness more so than my muscular endurance, which was mostly fine, so I tried to really improve how long I could work at high intensity and still breathe properly.

Assuming I was an underdog heading into the race, my strategy was actually not to run as fast of a time as possible (which I was probably close to doing), but rather to get Levitan to run as slow of a mile as I could. I thought if I were near even in the final quarter-lap or so, I’d win.

To get him to run slower than he should, I figured I’d need to fuck up his pace. That was the reasoning behind firing out off the line; I wanted to get out to a lead and make him decide if he wanted to run at his pace or, preferably, try to keep up with me. He did the latter, which was good. I wanted him to think, “Oh shit, this is going to be more difficult than I thought,” and sort of freak out about how fast I was setting the pace. The first lap was around a five-minute pace – totally unsustainable.

Then my goal was to gradually slow down and hope that he’d do the same because of being more tired than he anticipated and just wanting a break. I really slowed down around the start of Lap 2. When he passed me, I died a little inside. I could tell by his form and breathing he was a huge favorite at this point. I was seriously struggling the second and third laps to keep pace. Since I set the pace so quickly, I had nothing left to give at the end. I tried sprinting full out for about three strides before my legs buckled; if I had kept going, I would have just fallen over.

Knowing his ability now, I should have let him set the pace. My only hope was to let him pick a pace that would be sustainable for me, too, and then blow by him at the end. However, without knowing he was capable of a 6:22, I actually think I did the right thing, sans perhaps going slightly too fast to start.

Nonetheless, dropping three minutes from my mile time in six weeks is a win. (Not really though since I lost the race, money, and pride.)

 

Pullups

Like I said, I partially tore my biceps tendon (long head) while doing the bench press in training. That injury sounds really bad, but it didn’t really hurt too much and you don’t even fucking do anything for it; just ice and let it heal. The problem is you lose all strength in your shoulder, especially with any sort of pushing movement. Even shortly after the injury, I could still do certain things and had full range of motion, but I couldn’t do a pushup or hang all the way down on the pullup bar without pain, so I adapted the training to instead hold myself at the top for as long as possible. I also did bent-over rows and Superman extensions (idk what these are really called?). I could do full pullups again around two weeks before heading to Florida, so I went absolutely nuts training for this at that point. I mostly used an overhand grip because that’s what we did in the competition, but I occasionally worked in neutral and underhand (much easier).

With every exercise, I experimented with different approaches and tracked the results. With pullups, you can pull yourself up more with your mid-back (sort of leaning back), your arms, your delts, etc. I found the most success just going straight up and down, primarily because we had to put our chins above the bar, but also because that allowed for the best rhythm and no rocking. My rhythm during the actual event was perfect.

I started at nine pullups and had to beat Levitan by seven and Peter by six. No idea how I got 25. I tried it again this morning and got 17. This is another reason I’m really high on competition versus goal-setting as a means of improving. If I had faced a challenge of increasing my pullups from nine to 25 in six weeks, I would have assumed that’s not possible and I wouldn’t even do it. If it were just me competing against myself to reach 15 reps, let’s say, I also never would have been able to get to 25. Competing without knowing the status of the opponents was really the only way to push myself to a near-optimal level.

 

Jumps

I made up this exercise, which I thought would be a really nice combination of leg strength and endurance. Go ahead and try to jump over a bench for two minutes straight. I got 51 in my first attempt.

I tested a lot of different styles with this: starting as fast as possible, pacing myself, double-jumps, jumping from different angles, taking five-second breaks at different intervals, etc.

I basically found that it didn’t really matter all that much what I did. Since I started not being able to jump for two straight minutes, I would always be around the high-50s no matter what I did.

Like the mile, though, my strategy was to start fast while training – not 100%, but close – and gradually extend how long I could maintain that high speed. That worked really well, and I jumped non-stop during the actual competition. Levitan came out FIRING with like 45 jumps in the first 45 seconds or something insane, but then he died. Every time he stopped for a few seconds, I got so happy. Not that I wasn’t rooting for my friend, but I wanted him to lose so bad and for it to crush him mentally and send him into a downward spiral so bad it’d take months or even years from which to recover. That’s a joke, but I definitely had to win this. I hadn’t beaten his 76 jumps at all while training, but my max was 74 while training, so I figured I could get there with everything on the line.

By the way, one thing that’s interesting is how little we actually push ourselves compared to what we can really do. I truly tried as hard as I could to do these jumps and couldn’t get more than 74, yet got 95 in Florida and maybe could have been above 100 if necessary. The difference in how my muscles felt was so extreme; after all three exercises, I felt like I had done an entire workout. It really reinforced the idea that if you want unbelievable results, you should create incentives you know will entice you to do things you’d otherwise be physically and mentally incapable of doing.

 

Bench Press

This was a lock. In hindsight, my only goal should have been “don’t get injured.” I was training with 235 pounds instead of 225. I was fully warmed up when the injury occurred, so I’m not really sure what I could do differently here. I do think there’s maybe some merit in using dumbbells over a barbell as it relates to injury prevention, but not for this competition.

 

Racquetball

Levitan and I joined a gym that has racquetball courts here in Philly, so we were able to play a bunch and will continue to do that in the future. I’d say the biggest improvements I made didn’t come in playing, but just in watching YouTube videos of guys like Rocky Carson (we have Rocky Carson racquets now, nbd). It really sped up the learning curve to figure out where pros serve, for example. Obviously that will change as I’m comfortable knowing where I should hit each shot.

 

Diet

Ate a Dunkin’ sausage, egg & cheese on a croissant the morning of the mile. Read: no change to diet.

 

New Labs Hats

Image result for eyes emoji

Should You Work for Free?

Back in college, I tracked every play in every Cowboys game and charted them into like 50 different categories: every motion, audible, pass length, formation, personnel, and so on. It took me like 10-15 hours to break down a game. I’d do it right when the game was available on Game Rewind, which was usually at like midnight.

Here’s a screenshot of a few plays:

Did I mention I’m a complete psychopath? Didn’t need to, didn’t need to, got it.

I had all this data that could theoretically be very useful to the team—and perhaps quite valuable for me—so I made the logical move and emailed the entire thing to everyone in the organization for free. I’m talking everyone: Garrett, Jerry, marketing interns, offensive tackle Marc Colombo, writers, social media managers, event coordinators, sales consultants, a homeless man who slept outside the stadium…everyone.

How did I get their emails? I figured out a way to get one of them through some completely normal and not at all creepy sleuthing, then could easily reverse engineer the rest of their email addresses using the same structure.

It’s called grinding, look it up.

Another brilliant idea I had at the time that my lawyer told me probably not to mention but I’m gonna anyway because yolo was a form of writing arbitrage. Basically, internet content was becoming king around that time and there were a bunch of sites that would pay freelance writers decent money to write short (and shit) articles. Remember eHow and About and those sites? Stuff like that.

They paid enough that I thought, “Man, this is too much money, I bet people would do it for less.” So they did do it for less, for me. I advertised my own company on Craigslist that paid writers very handsomely—and by that I mean about 50% of what I would be paid to write through another freelance publishing company at which they couldn’t be accepted—to create short articles, which I’d then publish under my name (with permission, of course…from the writers, not the company). $25 out, $50 in, and we’re off. That idea worked for a bit until the site contacted me wondering how I was writing 100 articles a day.

“I started drinking a new coffee,” I said. “And I’ve been experimenting with various writing styles, some very different than others.”

In hindsight, none of this stuff was a good idea. Nothing I did before about 2014 was a good idea. Don’t be like me.

Now listen to my advice on working for free.

 

Working for Free

I wanted to write this post a couple weeks ago when there was some Twitter debate about whether or not you should ever work for free, but I figured I’d just wait until everyone lost interest. Actually, I was just busy with some other stuff (including this sick DFS ownership dashboard at FantasyLabs), but I knew I wanted to chime in.

Darren Rovell initially started the conversation by tweeting that working for free is one of the best ways to get a job. “Fastest way to a job today is provide a team, a player, an agency, great work unsolicited and for free. It’s hard enough to get paid to work in sports. You have to prove value more than ever.”

A bunch of people had some pretty hot takes on the matter, ranging from “never do anything for free” to “spend hundreds of hours collecting data and then just give it away to the one potential buyer who needs it most.”

Matthew Berry, who I think has done a really phenomenal job of understanding the long game and the value of, well, providing value—he’s a fantasy sports analyst with nearly 1 million Twitter followers for fuck’s sake—commented on Rovell’s post:

 

 

I’ve gotten to know Matthew a bit over the past couple years, and one of the biggest things I’ve learned from him is to find success by helping people, not by trying to maximize short-term exposure. Just be authentic. A couple years ago—shortly after I first met him—we talked about fantasy football for an hour and he basically let me just ramble about my thoughts on uncertainty and projecting players probabilistically with a range of outcomes. Did he need to do that? I’m gonna go ahead and say no. He could probably charge someone lots of money to talk to him about fantasy football.

He has some really good career advice in this article, by the way, that’s relevant to this conversation and with which I agree almost across the board. In it, he talked about his path and working for free:

There are a ton of fantasy football websites out there. Offer to contribute to one of them for free. Just get your foot in the door. I know some people have started their own blogs and that’s certainly a way to go, but I prefer writing for someone else when starting out. Let someone else worry about traffic and the site and everything else. Just focus on honing your craft.

I prefer the personal blog route because I can say “for fuck’s sake” and be confident my editor—me—won’t remove it, but the idea is the same: develop skills—real, unique skills—demonstrate how you can help someone with those skills (however possible), then figure out how to make money from it.

This is sort of an aside, but in that same article, Matthew gave some other advice that really resonated with me:

Learn how to communicate in a variety of ways. I remember a famous agent once told me when I complained of writer’s block that, “Writers write. Period. Writers write.” You need to write and you need to hone your craft. The more you do it, the better you’ll be at it. You need to learn to be able to be comfortable in front of a microphone and a camera, be it radio, podcasting or video. When I was in Los Angeles, I took classes at the famous Groundlings Improv. Not to help my acting (there’s no help for that) but rather to get comfortable speaking and performing in front of an audience where I would have to think on my feet. The more platforms you are comfortable on, the better. Start a podcast. Do YouTube videos. You’re not worried about anybody watching or listening at this point, you just want reps.

Okay, I don’t agree with the whole thing. Improv classes? I get anxiety going to the grocery store. But the idea of communicating in different ways is something I really sucked at in the past and now I’m only moderately below-average. Really though, whether you work in media or not, your ideas are only as good as your ability to effectively communicate them. It’s on you, the communicator, to figure out the best way to do that with each specific audience. And they’re all different. Sometimes people say, “I only write for me.” Okay, then why is it online?

I’m rambling. Back to working for free…

 

Why Working for Free Can Be Smart

In typical I-need-to-finish-this-post-quickly fashion, I’m just going to sort of list some ideas/thoughts I have about free work and then hope by the end I can wrap it up in a way that makes you think it was all carefully planned.

 

Time

Maybe the crux of the scattered argument I’m about to propose is that the merits of working for free change based on your timeline. I’m a big believer in the long game. I think most people optimize for right now and it’s +EV simply to make decisions based on what’s most beneficial down the line.

Simple examples: reading, sleeping well, and working out. All stupid uses of time if your goal is to optimize your day, but all some of the most vital aspects of creating long-term happiness/wealth/well-being. If the question is “How can I extract maximum value out today?” you probably shouldn’t work out, for example. It sucks ass. I’ve tried it. Not fun. But if the question is “How can I create the most value for myself (happiness, money, however you want to define ‘value’) in, say, 2019, then you should probably create a long-term foundation for success, with reading, working out, and getting rest being among the most +EV things you could possibly do.

In many ways, this is what we’re trying to do at FantasyLabs. Not just in creating long-term customers by providing a foundation for solutions instead of one-off “answers,” but also in terms of the basic philosophy and structure of the company (which uses a “freemium” model).

At FantasyLabs, we give so much away for free. Almost all content is free. Most of the tools are free. I love free. Are we maximizing revenue right now? No. Our subscription is quite underpriced (in my opinion), even though it’s among the highest in DFS. We don’t try to squeeze money out of people to artificially inflate monthly revenue. We’d rather give away too much for free than too little because “too much” really doesn’t exist if you have “the longest view in the room,” as Sam Hinkie said.

Fundamentally, I think we’re all trying to strike a balance between maximizing money/value/happiness right now versus creating a sustainable foundation for long-term value generation. At one end, working for free makes no sense. At the other, you should work for free all the time because it provides value to the maximum number of people.

The optimal balance, then, is completely dependent on time—for when you’re trying to optimize.

 

An Entrepreneur’s Mindset

Do you know who works for free all the time? Entrepreneurs. Do you know who never works for free and gets paid for every hour they put in? Employees.

Being an employee can be great. You can typically work only during set hours, get weekends off, don’t need to worry about problems that arise outside your expertise, etc. But, when you work for someone else, you (mathematically, at least in an efficient market) must take less money than you’re worth. And usually, you don’t get to participate in the upside if you (and your company) do an awesome job.

To be clear, I’m talking about the typical mindset (and pay) of your average employee/entrepreneur; you can be an employee with an entrepreneur’s mindset, or vice versa. Some business owners are total shmucks and would be better off working for someone else. But many people are sharp enough to absolutely crush it on their own and just aren’t going out and doing it. Today, and tomorrow, more than ever, it’s easy to go get it for yourself.

The big idea, I think, is getting paid on the value you create for others instead of getting paid for your time. Getting paid for your time can’t really scale, right? You can only work so much. It’s very linear—work X, get paid Y, work 2X, get paid 2Y. That stinks.

Maybe it looks something like this:

 

When you start to think about the value you can generate for yourself—again it can be happiness, freedom, money, whatever you want—I think you sort of start to realize that getting paid for your time is -EV if you have awesome skills and can better people’s lives.

 

The Right People

The upside of free work extends only insofar as it can increase long-term value in your life, so it should be obvious the person/company for whom you’re doing work is pretty important in determining whether or not you should work for free. If the industry leader in your field asked you to work for free for a week to prove yourself and there was a specific plan in place to acquire upside if things went well, that would be a no-brainer decision for you, right? If some guy from Craigslist asked you to write articles to be published under his name, maybe not as much.

FantasyLabs now has somewhere around 15 full-time employees and a handful of contractors/part-time workers. Exactly zero of them sent me a resume and were handed a job based on their qualifications. All of them proved their value in such a way that it became obvious we needed them; they gave us no choice.

Sean emailed us and did all kinds of amazing SEO/email/design work for free for like a month; he’s now our Marketing Director.

Ian worked for me personally for years collecting data, editing my books, and doing a variety of other tasks completely for free. I told him I was unable to pay him much, if anything, which was true, and he kept at it because he had confidence it would pay off; we hired him full-time before NFL.

Justin did projections at Basketball Monster and had thus built up a portfolio of work of which the DFS community was already aware. He was hired about a month after we launched.

Jay, Bryan, and Bill were three of our original admins who started with Labs almost right after the site launched; they were hired full-time within a couple months. Bill actually emailed me late in the process—the “process” being I told people on Twitter to email me if they wanted a job explaining why they’d be good for it—and we had actually already settled on using only three admins. Bill sent an incredible email (and sample article), both of which were logically sound and so well-written. Clear writing is a sign of clear thinking, so we brought Bill on too just because I thought he rocked. He’s so valuable to FantasyLabs now it’s insane.

Colin emailed me identifying an inefficiency in our product and offering a solution that would help us make more money and improve the value of our site immensely; he now runs PGA and is basically a Labs data scientist.

J.J. just sent over his signed contract yesterday to become a full-time Labs employee after absolutely crushing over the past few months, going above and beyond and never once asking for anything or complaining about the workload.

Even Peter, my co-founder and one of my best friends, helped me with my books for years—for free—because he liked the vision and maybe understands the long-term value of generosity more than anyone. The key is he’s just a genuinely nice person and not someone leveraging “kindness” for personal gain; it’s pretty easy to tell the difference.

I’m leaving people out, but the idea is that no one is going to just hand you something. Frankly, no one is really going to give you a chance out of the goodness of their hearts. I get lots of emails asking for work, and I’d say maybe 98-99% of them are some variation of “I love sports, I won my fantasy league two years in a row, hire me.” The others are almost always some form of “I think you could improve what you’re doing in these ways, here’s how and why it will benefit you, here’s why I’m in a position to help, and I’ll do it all for free.” Then they over-deliver on that promise.

My books are a form of the power of free work. I earn royalties from the books, but it’s not like I’m making life-changing money selling $9 e-books on a niche subject. The books are effectively marketing vehicles, though; they’re basically like sending the best email of all time to everyone in my industry (and interesting, sharp people outside it) demonstrating my expertise. I’ve had so many amazing opportunities stem from the books. Last week, I met the producer of one of my favorite TV shows because he read my books and began playing DFS. Is that going to help me down the road? Who fucking cares? It was cool. Even FantasyLabs was created through my books; the founder of SportsInsights was planning to start a site similar to Labs and contacted me after reading one of my books. That one single relationship led to the formation of an incredible company, which can be traced back to me at one time deciding to write a book (without knowing if I’d make any money) for the hell of it.

But it all comes back to providing value to the right people, meaning you’re the person who identifies them, and not vice versa. If someone asks you to do work for free, that might not be the best opportunity; your job is to spot the situation that’s going to improve your upside the most long-term—likely with someone who isn’t even necessarily looking for help—and then convince them you can improve their life by actually doing it.

 

Trading in the Sure Thing

In a nutshell, I think working for free is a form of gambling, but in a smart way. It’s +EV risk taking. It’s trading in the sure thing for a lower chance of short-term success—but disproportionate rewards when things go your way.

As an example, I could put hours into some very direct form of work—writing content for money, for example—and get paid for the work I complete. Or I could send, say, 100 emails to entrepreneurs, business owners, investors, whoever—emails geared specifically toward them and how each one might be able to improve what they’re doing—and 98 of them could go ignored, one of them looks promising but wastes my time, but that final one leads to life-changing happiness. Almost always, I think, the value is in thinking long-term and in taking risks—smart risks.

I actually think this idea the source of the “he got lucky” phenomenon. Mark Cuban got lucky to start and sell a company at the perfect time. Tom Brady got lucky to get drafted by the right team and get a chance to play because of an injury. SaahilSud—perhaps the best DFS player in the world—got lucky to finish ahead of everyone else in that DFS tournament. And that one. And that one.

This is true. All these people were lucky, but they also were bound to be successful no matter what. Making lots and lots of sharp bets—including betting on yourself by developing value-generating skills and leveraging them to help others, even for free—leads to short-term luck and long-term guaranteed success. Saahil is indeed “lucky” when he finishes 1st instead of 5th, but he exposes himself to so many opportunities to get “lucky” that it’s not really luck governing his success.

It’s not smart to take risks for the sake of it, but it is when everyone else’s risk-averse mindset means all the upside is in taking chances. If each of my emails or books or other “free” work takes as long to write as one article for which I could get paid $100—and they each have just a 10% chance of response—then anything above a $1,000 expectation from those responses would lead to more money. And that’s just right now. Two years from now, those articles pay you nothing. Meanwhile, those connections, my books, that free work are all paying dividends—exponentially increasing dividends. Look for the opportunities that pay off well into the future.

If you’re reading all this and saying “But I don’t have time to work for free,” yes you do. If you want something bad enough, you have time to do it. It’s always interesting to hear people say their dream is to do X, but almost always, they aren’t doing it. “I’m passionate about singing.” So why aren’t you singing? If you don’t have enough time (or opportunities, or contacts, or money), you probably aren’t really passionate about it. Passionate people don’t make excuses. They control their lives.

tl;dr The longer your view, the less concerned you should be with getting paid for your work and the more you should try to just help as many people as possible. Invest in yourself. Read books. Become an expert. Take chances.

And if none of that works, I have a cool little content business I’m starting if you’re interested in writing some articles for me.

My Workout Bets with Peter Jennings & Adam Levitan

***This is an update to a prior post (below) in which I offered an open workout prop bet so I could find motivation to move more than a few dozen feet per day. My buddies Adam Levitan and Peter Jennings were interested in doing the same, so we booked a few bets that we’ll test the weekend of February 17th (the NBA All-Star Break when the entire FantasyLabs crew will be in Florida for a company trip).

All three of us will be competing against each other in the bench press, pullups, and racquetball. I have additional bets with Levitan in a mile run and my brilliant idea of seeing who can jump laterally over a bench as many times as possible in two minutes (hard as shit, immediate regret upon actually trying this).

We are going to go into the mile run, jumps, and racquetball “blind,” so to speak, meaning there isn’t any sort of spread or moneyline. We tested the pullups and bench press and adjusted accordingly. Just for the sake of transparency, Levitan and I did this testing together and Peter filmed his and sent it to us. I will rep 225 lbs, Peter 185 lbs, and Levitan 125 lbs (roughly what we could do for six reps). For pullups, I am -7 versus Levitan and -6 versus Peter (Peter is -1 versus Adam). I originally did nine pullups (wide grip from a total hanging position up to chin above the bar), so if Levitan gets 5 reps, for example, then I’d need to do 13 to beat him.

Given that we’re competing so soon, there’s a decent chance I legitimately won’t improve on anything and just lose all my money. Levitan got a trainer for Christ’s sake. Nonetheless, I need more motivation to work out hard, so I am going to put up more money on myself vs Peter and Levitan for anyone who wants to bet against me. It might be totally free money; I have no idea.

Feel free to message me through here or on Twitter if you want to take part in this bet, have a revised version you’d like to offer, or want to create a prop bet of your own to motivate yourself to do something you’ve been putting off.

——————————-

A few weeks ago when I was in NYC for the DraftKings Fantasy Football Championship, Saahil Sud and I made a fun prop bet with poker player Joe Ingram.

 

 

This might sound really difficult, but 40,000 words is very short for a book—it’s more like a very long essay—and I personally know it can be done because I write my books in a pretty short amount of time (usually around 14 days or so).

The terms of the bet are that Joey must publish and promote a 40,000-word book by the end of January, and that’s basically it. One of the reasons I booked the bet is because I know he takes a ton of pride in his work and he’s not going to publish something shitty just to get it out there. Another reason is the holidays are an obvious hurdle. We were also drinking wine and it probably sounded a lot more fun to him at the time.

The main reason I made the bet, though, is because I actually want Joey to write the book. Is he going to make a lot of money in book royalties if he publishes it? Doubtful, but books are such awesome marketing tools and it’s also just cool to publish a book.

Prop bets can act as really useful motivational—whether it’s due to the money or just pride in winning a bet—and so they can turn into win/win situations. If Joey works hard to write the book and comes up short, he’ll still probably be happy; if you were to ask him if he’d pay the amount we bet to have 50% of a book completed by January 31, for example, he’d probably say yes.

For this reason, betting can be a really pragmatic way to motivate yourself to do shit you don’t normally want to do, like working out, eating healthy, or leaving the house, ever.

I used to work out a lot—I think exercising is incredibly important for overall mental health—but I have either stopped completely or gone through periods of half-assing it for a long time now. I convinced myself it was because of work and I didn’t have the time, but that’s sort of shit because you always have time to do things you want to do. If you don’t do it, then you just don’t want to do it enough; when you’re truly passionate about something, you just make it happen no matter what.

Why I Bet on Trump to Win $75,000

Many of you know I made a bet that Donald Trump would become our president – I wrote about it at 4for4 a year ago, although the bet was made months before that – so I just wanted to talk about why I made that bet, which was centered primarily around one core principle.

Before getting into it, a few disclaimers:

– The bet was in no way a reflection of how I felt about who would be best for our country. It was simply the result of my belief that the reasoning behind the “Trump could never win” idea was flawed.

– I’m writing this primarily as a way to think about risk and uncertainty – not as a political stance. If it were possible to have less than zero interest in a Twitter debate having anything to do with this election, that’s where I would be. DON’T @ ME.

– I collected on the bet after the RNC when Trump moved to near a coin flip in many models (I took less than 50% of the possible payout). Even though that was -EV for me to do if I believed Trump was 50% to win, I thought it was a smart decision based on what I wrote at the link I posted above. I would have hedged by betting on Clinton had I not been able to get out of the bet.

– I’m not claiming to be some political savant; I know so little about politics it’s actually kind of sad. This had literally nothing to do with my understanding of the political landscape and everything to do with Trump’s uniqueness/volatility as a candidate and – I hate to say this – how bad I believe many people are at making decisions.

– The bet was $500 at 150-to-1 to win $75,000. When I made the bet, the implied odds were that Trump had a 0.67% chance to become president, whereas I thought it was around 10% at the time. So I actually didn’t think he would become the president at all – just that it was far from outside the range of outcomes.

With that said, the reason I thought Trump could win is a concept I’ve talked about many times in the past: antifragility.

 

Antifragility

Basically, I believed Trump was unique among political candidates in that, because no one really viewed him as a politician and everyone was already pretty familiar with his outrageous personality, he didn’t really have too much downside in terms of the negative things that could be said about him. And not only that, but I thought he’d be able to benefit from the idea that “any publicity is good publicity.”

This concept of antifragility was coined by Taleb, and it’s basically that certain things (the antifragile) can gain from disorder and chaos. From an earlier post of mine:

“Taleb classifies things into one of three categories: fragile, robust, and antifragile. A mirror is fragile; it is harmed by fragility and doesn’t deal well with stressors. A diamond is an example of something that’s robust, or resilient. It doesn’t benefit from chaos—a diamond doesn’t get better when you drop it, for example—but it isn’t hurt, either. It’s basically indifferent to uncertainty and chaos.

For so long, these two labels were all we had. The opposite of something that’s harmed by volatility is something that isn’t harmed by volatility, right? Well, Taleb opened our eyes to antifragility. Evolution is antifragile. Not only is it not hurt by chaos—by errors—but it thrives and exists because of randomness.”

Or, you could just read what Taleb has to say about antifragility since, you know, it’s his idea:

“Some things benefit from shocks: they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile.

Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better. This property is behind everything that has changed with time: evolution, culture, ideas, revolutions, political systems, technological innovation, cultural and economic success, corporate survival, good recipes (say, chicken soup or steak tartare with a drop of cognac), the rise of cities, cultures, legal systems, equatorial forests, bacterial resistance. Even our own existence as a species on this planet. And antifragility determines the boundary between what is living and organic (or complex), say, the human body, and what is inert, say, a physical object like the stapler on your desk.

The antifragile loves randomness and uncertainty, which also means – crucially – a love of errors, a certain class of errors. Antifragility has a singular property of allowing us to deal with the unknown, to do things without understanding them — and do them well. Let me be more aggressive: we are largely better at doing than we are at thinking, thanks to antifragility. I’d rather be dumb and antifragile than extremely smart and fragile, any time.”

That last sentence is more or less how I view Trump and Clinton. Trump is dumb and antifragile. I don’t believe he’s a sharp person at all, but he not only had nothing to lose in his campaign, but he benefited tremendously – A TREMENDOUS BENEFIT, THE BEST BENEFIT, IT’S GONNA BE A GREAT BENEFIT, BELIEVE ME – from basically anything that was said about him. He gained from volatility in a way a traditional candidate probably couldn’t have. Think about all the publicity he received for just doing dumb shit.

Clinton is the opposite of Trump: smart and fragile. Regardless of your stance on her emails, there’s little doubt the entire ordeal hurt her. Compare that to Trump, who seemed to benefit from saying and doing some, er, unconventional things (at least unconventional for a presidential candidate). Different types of people reacted differently to each one’s issues, but I believe the expectations of each were a serious factor in their fragility; Clinton was supposed to speak and act a certain way and could really only be harmed when things didn’t go according to plan, whereas Trump didn’t have that expectation – he had less downside that could result from negative stuff coming out about him – and could only benefit from chaos.

For the record, I don’t think being dumb is a prerequisite for antifragility – someone like Mark Cuban has some antifragile qualities without being a dummy – but I do believe the way campaigns will be run in the future will look a whole lot different based on this race.

So Trump was in a much better position to be the beneficiary of uncertainty, which was of course what happened in regards to the election results being unaligned with polling. This is of course an idea very related to antifragility, but I think it’s yet another example of people generally being much too confident in their beliefs. This is why antifragility can lead to huge payoffs, as it does all the time in daily fantasy sports, because people severely underestimate the odds they’re just wrong. Or, perhaps more accurately, even when people are accurate in their probabilistic assessments, there’s still a severe systemic bias toward favoring what should happen and not preparing for the inevitable “rare” event.

In regards to the election, almost every forecast had Clinton winning handily, many with well over 90% certainty. Nate Silver warned against that overconfidence, and although his model predicted a Clinton victory, he was much lower on Clinton than almost everyone else, including betting markets. As he wrote:

“In our national polling average, about 12 percent of voters are either undecided or say they’ll vote for a third-party candidate. While this figure has declined over the past few weeks, it’s still much higher than in recent elections. Just 3 percent of voters were undecided at the end of the 2012 race, for example. As ought to be fairly intuitive, undecided voters make for a more uncertain outcome.”

I possess about 10% of the brainpower of Silver, but my fundamental logic in initially betting on Trump was:

1) This guy is unconventional and past data won’t apply to him as much as other candidates, thus creating more uncertainty in the results;

2) The way people already think about Trump sets up well for him to be the one to benefit from that uncertainty if things get weird.

And I believe that’s probably more or less what happened; he wasn’t harmed from the attacks on him – he even benefited in many cases – and the uncertainty we saw with undecided voters, many of whom were maybe “decided” but didn’t want to admit voting for Trump, worked in his favor.

 

Final Thought

I mostly just got lucky with the bet – the word ‘lucky’ seems off, but you get the idea – although the core idea that I think is most actionable is to identify situations where others are overconfident and fragile and put yourself in a position to be the beneficiary if things don’t go their way. That was my approach here, as it is in DFS, but it’s very applicable to many facets of life.

Most upside comes in embracing randomness and wisely taking on risk when it’s clear others are underestimating the probability of weird shit happening.

Is It Good to Have Life Balance?

The past month or two has been super chaotic for me. I’ve actually gotten stressed out a couple times, which almost never happens. For whatever reason, I just don’t really get anxiety – which hasn’t always been the case, but has changed I think since I started playing DFS – but preparing for NFL this season was more intense than ever by a significant multiple.

In addition to just normal preseason prep as a player – which is honestly now one of my lowest priorities – I wrote another DFS book and of course spent the majority of my attention on FantasyLabs. What I do day-to-day has changed pretty rapidly over the past couple years, but the shift from truly working for myself and pretty much doing whatever I wanted to being the President/CEO of a company some might say is serious enough that I should stop drawing dicks on all my content – a company with a billionaire investor – has been a real challenge for me, and one I’m continually trying to embrace.

FantasyLabs now has like 14 employees or something, including the founders. It might be 13, it might be 15, I don’t know. It’s enough that I need to work with other people all day, every day. As you might already know from reading my books or other content, the closest I came to holding a real job in the past is a toss-up between trying to become a famous artist and doing street magic. Fucking street magic.

Anyway, everyone at Labs works incredibly hard – it’s unreal – and I love that. In terms of leading that charge, I think I pretty much suck right now other than building the right team – our collection of natural talent and work ethic is bananas – and having a decent sense of cool things we can build to help DFS players and just working non-stop to do that. And really, most of the value there has come from the developers, who are the best I’ve ever seen in action.

So with everyone grinding so much, there’s a risk of burnout and it begs the question of whether or not it’s a positive to have balance in life. I talked to Joey Ingram a lot about this both on and off of his podcast. I think most people would say, “Of course balance is good you jackass,” but I’m going to respectfully disagree. I don’t think balance – at least as we traditionally think about it – is actually a good thing at all, at least not for me.

Why Life Balance Sucks

A lot of times when I go on podcasts or whatever, people ask me how much I work. The truth is I don’t really know because I can’t realistically separate what’s “work” and what’s not. And in reality, I have no idea what my job even is. Am I a writer? A DFS player? An entrepreneur? Is the goal of my job just to make money? To provide value to people? To have fun?

Let’s just pick one and say my job is to make money. And we can take it a step further and say “make money online” since doing it out there in that scary real world doesn’t seem that great. Within that job description, there are certain tasks that seem like obvious work to me: taxes, payroll stuff, hiring/firing people, answering emails, etc.

But then there’s other stuff that’s sort of a gray area, like playing DFS, going to events that are mostly fun but also sort of work, being part of stories like this one that makes me feel like way more of a baller than I am, having dinner with Levitan and talking football, and so on.

And then there’s stuff I think almost everyone would say isn’t work but I still believe is part of what I consider “work.” This includes things like exercising, reading, getting good sleep, and so on. I actually believe these three things in particular are some of the most important things you can do to make your life a whole lot better. Even in terms of “work,” I don’t think there’s any better return on my time than reading – even though it can take up a lot of time and sometimes gets neglected – because even just one amazing book can fundamentally change the way you approach life or business or relationships in an extremely positive way.

Quick aside: one theme of this post is to take a longer view than others and not worry too much about what maximizes the short-term return on your time. Reading a book is certainly -EV for me in terms of making money today, but almost guaranteed to be one of the best uses of my time if the view is, say, the next five years. Similarly, it’s basically never a good decision to work out if you’re trying to maximize your happiness or the return on your time in a given day – exercising sucks ass and each individual workout barely makes a difference – but a commitment to the process of working out has monumental long-term benefits.

I think most might argue, “Well this is your balance,” but I think the difference is you can go to work and then come home and spend time with family or read or exercise or whatever, but they’re generally viewed as very separate activities. This is work, this isn’t. In my opinion, this way of achieving balance isn’t useful and can even be detrimental long-term for reasons I mention below, but primarily because there’s no overarching vision or purpose behind what you’re doing.

When you do something you truly love, everything is work and nothing is work at the same time. Everything you do is done with one singular focus in mind – even if it’s thinking about the most optimal way to eat meals in order to balance health, time, money, etc. so that you can achieve the greatest long-term success in whatever your goal(s) might be, or reading a book about theoretical physics and applying it to whatever field you’re in to try to acquire unique insights, or going for a run so you can rejuvenate and become more efficient in whatever else you want to do – and anything that doesn’t help you reach that one goal isn’t worth your time.

Basically, work/life dichotomy isn’t a thing. Or at least it shouldn’t be. If it is, then I’d argue you’re probably not doing something about which you’re passionate. It doesn’t even need to be work. If your primary goal is to pick up girls and sleep with them or find a girlfriend or whatever you want to do, then dedicate yourself to that. Work out with that in mind. Read books you think will help get girls. Or maybe your goal is to be the best friend you can be, or make more money, or know more about geese than anyone in the world. You know better than anyone what will make you happy, so to me, everything you do should be with tunnel vision in an attempt to do that one thing.

And that one thing can and should change, but at any given moment – and sometimes very long periods of time – everything you do should be aligned with reaching maximum potential as it relates to that single thing.

A lot of this has to do with the idea that a disproportionate amount of reward – whether it’s money, happiness, love, anything – is located in the tails because few people are adventurous enough to wander there. What I mean by that is that, because it’s scary to truly dedicate yourself to one narrow focus at a time, everyone sort of just tries to balance everything all at once – they try to be the best friend, the best husband, the best business person, maintain the best health, and so on – all at once.

I think this fails for two reasons. One is that, practically speaking, you can’t win in, say, business and not dedicate your life to it. Or maybe you can, but it’s very challenging when you’re competing against other people who aren’t trying to achieve the same type of balance.

The second is that you only have so much time and energy to go around and you can’t be great or even good at everything, and I think you can make a case you can really only be truly great at a handful of things in your life – and probably just one at a time. Think about even just one aspect of life, like working out. I’m sure you realize what an insane amount of time goes into working out and eating healthy if your goal is to seriously impact your life and be the best you can be in terms of health, strength, looking good, whatever. I did that for maybe two years – I amassed an incredible amount of knowledge about fitness, anatomy, nutrition, etc. – and it was exhausting as shit to try to implement all those things.

And that was all for one goal, which was basically look good to get girls.

So most people obviously counteract that by not seriously dedicating themselves to working out, but doing it a little to “maintain.” And then the same thing with business; “well I can’t consistently work 14 hours a day, so I need to give up some time here so I can do these other things.” And then the list goes on and on until you end up just not really being good or getting satisfaction out of anything.

In my opinion – and this could very well just be me being a psychopath – you can’t realistically achieve a high level of happiness, mental health, success, wealth, etc. in a bunch of areas at once; you can’t be the best possible friend, the best possible artist, and the best possible bodybuilder you can be, for example, at the same time. And so many people try to juggle everything, it seems, and then end up being shitty or unhappy at all of them. It’s very similar to multi-tasking – which has been proven to be a very inefficient use of time – in which you try to do a bunch of things at once and then end up taking more time and doing a worse job than if you focused on one at a time with breaks in between.

One counterargument might be that not everyone wants or needs to be the best in the world at something, which is true, but I also think it’s true that people get happiness out of a pursuit of something important to them. “The journey is more important than the destination” (or whatever that quote is). People get satisfaction and feel a sense of purpose from achieving their goals. My argument isn’t that you should have this goal or that goal, but just that you should focus mostly on one at a time and do whatever you can to be happy and successful in that one area – not try to balance everything at once.

When you try to achieve balance every single day, you can’t get into a flow state; you can’t give the hyper-focus necessary to really truly accomplish anything at a very high level.

Why Life Balance Doesn’t Suck

So I just wrote a bunch of words about how life balance sucks, but I’m really talking about a traditional type of balance – the kind I think most people think of when they hear ‘life balance’ – through which you have a typical work/non-work life dichotomy. And it doesn’t even need to be work. We could be talking about any single aspect of life, and I think conventional wisdom is that you should be “well-rounded” and have lots of interests and not become obsessed with one specific thing or bettering yourself in only one at a time.

I obviously disagree, but that doesn’t mean balance is bad. I actually think life balance is outstanding and necessary, and I’m really just disagreeing with the optimal way to achieve that balance. Fundamentally, I think it’s a difference in the timeframe through which we’re trying to achieve balance, and my belief is many people want to be balanced in much too short of cycles.

It’s sort of similar to how people who are dieting and watching what they eat try to hit the “optimal” carb/protein/fat ratio every day, or sometimes even every meal. I’ve seen people who want X/Y/Z percentages of macronutrients eat carb-loaded meals at night because they didn’t have “enough” during the day. How does that make any damn sense?

We don’t need to – nor should we – try to be balanced every single day. I don’t think it should be every week, or even every month. It’s likely the optimal “cycle” in terms of hyper-focus on one specific task or goal varies from person to person, but I’m confident it’s much longer than what’s reflected in how people act.

Thus, I want to achieve balance, too, but I think that balance should come over a period of probably months, or perhaps years. If you want to be the best pick-up artist you can be and get girls to like you (btw I typically write as if a guy is reading my stuff because, well, that’s almost always the case given my audience, but obviously everything applies if you are a woman or gay or a turtle or whatever), then you’re going to find way better results by dedicating yourself to that life for 60 consecutive days and learning everything you can possibly learn about picking up girls during that time as opposed to doing it occasionally over the course of a year (even for 60 total days).

I think the results of intense focus and long-term balance compared to short-term balance at all times look something like this…

balance

 

This is the case for a variety of reasons – capitalizing on being in a flow state and thus maximizing efficiency for long intervals being maybe the most important – but I really think this long-term view of balance leads to superior results in basically every area of life. We see it in nature with our bodies, too, with things like carb loading and short, high-intensity training providing superior results to balanced eating and long, low-intensity workouts.

Of course, I’m probably completely wrong and you most likely shouldn’t listen to anything I say. I mean if you have kids, I’m basically telling you to be a good father for one-third of the year for Christ’s sake. But during that time you’ll be a really good dad!

But in all seriousness, I think the main argument against my theory of balance is that it’s pretty selfish and arguably naive in its view of how it affects others, even though I’m a firm believer it will (still) end up maximizing your overall life EV.

Other Stuff

I’m going to try to post here more because it’s therapeutic and, in typical form, I’ll probably do it a bunch at once and then skip months at a time, as I have thus far. But since I don’t really know when I’ll get to post anything about what I’ve been up to recently, here’s a quick rundown.

 

Nashville for Week 1 RotoGrinders/DraftKings party

These parties are always an awesome time. I was in Nashville for five days and ate roughly 3,000 biscuits. One of them was at this place…

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Everyone says this is the best place for hot chicken. I’m pretty sure I’m gonna get a ton of shit for this but my official Hattie B’s grade as someone who has now had hot chicken three times and is basically an expert: 6.4/10. It was fine – I’d eat it again – but I had like five things better on this trip alone. One of them was Biscuit Love, which was incredible and definitely the best biscuit sandwich I’ve ever had, which is saying something since I have McDonald’s sausage, egg & cheese sandwiches all the time – most underrated breakfast sandwich in the game, even though each one is a new adventure.

Other things I did in Nashville:

– Had lunch with Cal and Cam from RotoGrinders

– Somehow ended up at a Vanderbilt frat party

– Hung out downtown on Broadway; exhausting trying to keep up with which girls are part of which bachelorette parties

– Hung out with Peter, Justin, and Sean from FantasyLabs; met a lot of other sharp people and talked more with big DFS players like Assani Fisher, KillaB, etc.

– Had a nice sweat with David Johnson in the $300

– Made up a game in the hotel room kicking a pillow up in the air as many times as possible before it hit the ground – I had the record of 15, nbd – until the game ended…

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I attempted to put it back together and hide the cracks with a little clever maneuvering. No charge yet.

 

Vegas/TX

Since I can’t set DFS lineups in Nevada, I swung by for a day before NFL started. I actually didn’t know this – and I’m embarrassed I didn’t if it’s true – but someone told me it’s legal to edit your lineups in Las Vegas, but you just can’t enter contests there. So you can enter all your contests in a legal state, then travel to a banned state to actually do the lineups. Can someone confirm this is true? Also, how fucking insane are these laws?

I also was in Texas for a short time a couple weeks ago and got to experience a few firsts. One was a Rangers game…

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Pretty cool stadium. Stacked the Rangers (obviously on DraftKings since FanDuel isn’t operating in Texas…again, how fucking insane are these laws?) and they somehow managed to score like 13 runs or something without any of the players I chose doing well.

The other new thing I did in Texas was visit Austin for a weekend. People have always said I would love the city, and I definitely did. I did mostly tourist stuff, like kayak in the river, look for bats, and take pictures of old man asses.

I think there are maybe like five cities in the country I would live, and Austin is now on that list.

And lastly, I attended SummerSlam.

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I had never watched WWE up until that night, even on TV, and I can say with a decent level of certainty it’s the weirdest thing I’ve ever seen in my life.

Links to Some Crap

SUCCESS Magazine Story (from this trip to the Playboy Mansion)

Joey Ingram “Poker Life” Podcast

Intro Podcast for Team FantasyLabs

Pro Football Weekly Interview

RotoViz Numbers Game Podcast

These Ridiculous Ongoing Barstool Sports Podcasts (somehow got Levitan to do it)