00:00Your app allows the better to have something at the end.
00:05It's not like, it's not prevent, but in a way it stops you from being ridiculous with yourself.
00:11How do you describe, because you said the word acorn, is that the best way to describe it?
00:16It's acorn for sports betters?
00:18Right.
00:18Yeah.
00:18I mean, that's a way to think about it.
00:20And in terms of you being up a bunch of units and then going down, the point is, is that
00:24when you are up those units, that you are taking chips off the table so that when that
00:28money's passing through your hands, you're stowing some of that money away, taking chips
00:32off the table metaphorically.
00:33Right.
00:34But yeah, in terms of how it builds is it's, you know, a small percentage of your wins,
00:40your bets, your losses, whatever you'd like to do.
00:44And then that's going to build up over time, no matter what happens in the game.
00:48But yeah, small, small savings add up, especially if you're betting a lot.
00:53And if you're betting a lot, you better sell me saving.
00:56All right.
00:56So say I'm not betting a lot.
00:58Say I'm a 25 buck better, right?
01:00I'm just an average guy that I'm watching this and I'm like, well, you know, I don't
01:04really bet that much, so it's not going to benefit me.
01:08What's the answer to that?
01:09What do you want to say to that guy?
01:11Well, I mean, at the end of the day, it's always good to be saving.
01:15It's always going to be saving no matter if you bet just a little bit or a lot.
01:18And that person that might be betting once a week or once every month might end up betting
01:22more.
01:23So it's good to set yourself up for success.
01:25Get started early.
01:26You know, I don't like to say play with a plan because that sounds super RG, super responsible
01:31gaming.
01:32But meanwhile, if you have this set up ahead of time before football season, no matter
01:35what happens with your bets, you're going to have something.
01:39And so.
01:40So, yeah, I mean, you want to have this tool set up ahead of when, you know, for example,
01:46you go on a betting streak and that person that bets every once in a while might end up
01:51betting a lot more.
01:51You never know.
01:52I mean, I go through periods where I play poker every day.
01:54I go through periods where I don't play poker for months.
01:56You know, everything's different.
01:57So having this set up and ready to go, I think is a helpful and a good plan to have.
02:03So the set it and forget it mantra, I think, works and applies here.
02:08But how do I set it up?
02:10Walk us through the process of how if I'm watching this and I want to go and get a region
02:14account, how can I do so?
02:16Yeah.
02:17So you download our app and then you go ahead and connect your sports books and your prediction
02:21markets.
02:22So a cool thing is that you're able to see all of your action between all your different
02:25books.
02:26We give you P&Ls.
02:27We give you which book you've been most successful on, which sports, you know.
02:31And then in addition, you connect your checking account so that we can action those small savings.
02:36And this goes off the same behavioral psychology as Acorns, where these small kind of transfers
02:42no one really pays attention to.
02:44And the idea is it be as invisible as possible to the user.
02:48And so you connect your checking account and then we action the savings through your
02:52checking account by syncing with your sports book and reading every single bet you make
02:56and doing that calculation of whatever you'd like.
02:58So if you want to do 10% of every bet, great.
03:00You bet $50, you're saving $5.
03:02If you win $50 and you set 10%, you go ahead and save $5.
03:07So the next step after connecting your checking account would be setting your preferences.
03:11And again, that's up to the user.
03:14In terms of the $5, if I'm betting $50, am I now betting $55 or am I betting $45?
03:21You're still betting $50.
03:23So we do not touch your bankroll whatsoever.
03:26But in addition, we're going to be pulling a little bit of money from your checking account
03:29into the savings or investing account of your choice.
03:33And so the bets remain the same and the savings are separate.
03:38So we like to separate the two, keep it as invisible as possible so that people stick with
03:43the program and that those small transactions on your checking account aren't the thing that
03:48makes you fall off the boat, stick with the program.
03:51So the bet stays the same is the short answer.
03:54So the brigade's got a bunch of questions.
03:56So I want to pose them.
03:58Where's the money held?
04:00When you guys go and take the money, where's the money going?
04:03So right now it's a pure savings account.
04:06So it's put in a individual savings account in the user's name.
04:10It's FDIC insured up to $250,000.
04:13Our end bank custodian is Wells Fargo, so Super Blue Chip Bank.
04:19And then we're onboarding investing, which is through an arm of Fidelity.
04:23And so that's where the investments will be held.
04:27And will I be able to track it and see how it's performing?
04:30Yeah.
04:31No.
04:31So on the app, you can see all of your bets from all your books that you sync up.
04:35You'll be able to see your P&L on a month-to-month basis, quarterly basis, yearly basis.
04:40And also, as mentioned, how you're doing sport by sport, sportsbook by sportsbook, and prediction
04:47market by prediction market.
04:50JPC is asking, does it have to be a checking account?
04:52He uses his PayPal account exclusively for gambling.
04:55So is it just bank, or can you use other methods?
04:59So it's mostly banks.
05:00I mean, anything, I'm sure a lot of the users here, a lot of the viewers here have used
05:04Plaid before.
05:05So anything that syncs up with Plaid.
05:06So that's how we're able to pull from your checking account.
05:09But mostly it is bank account for now.
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