
Showtime’s financial drama Billions returns this week, and The Ringer has (forgive us) billions of different ways to prepare. From deep dives on past seasons to interviews with showrunner Brian Koppelman, this is your guide to making the most of the new season. Check in every week for a new Recappables podcast, which will break down the latest episode, and weekly recaps crowning the “The Best, Most, and Worst” of Billions Season 3.

Billions vs. Real Life
Katie Baker: Just as it’s tempting to relate all real-life instances of hapless political scheming to an episode of Veep, or to call every scary new bit of internet ephemera “something straight out of Black Mirror,” Billions has turned into a “this-reminds-me-of” cultural avatar for current events. (Silicon Valley and House of Cards fit into this category too.) What these shows have in common is that they’re designed to be tonally over the top, yet have had to fight to remain one step ahead of the real world.
Binge Mode: Weekly — Exploring the Power Dynamics of Billions Season 1
Mallory Rubin and Jason Concepcion explore how power dynamics define the central characters in Season 1 of Billions (13:22), discuss Bobby Axelrod’s real-life counterpart (1:06:52), rank seven of their favorite lines from Mike “Wags” Wagner (1:10:02), and celebrate the woman caught between the two central adversaries (1:15:33).
Binge Mode: Weekly — Hubris in Billions Season 2
Mallory Rubin and Jason Concepcion explore how hubris drives the main characters’ actions in Season 2 (17:50), explain the history behind an iconic New York City restaurant (1:09:57), list seven notable film references in the sophomore season (1:12:55), and crown Axe Cap’s star prodigy (1:17:41).
The Bill Simmons Podcast — Brian Koppelman on John Malkovich’s New Role on Billions, and How the Show Avoids Camp
Series cocreator Brian Koppelman joined The Bill Simmons Podcast to discuss the upcoming season, his experience writing the film Rounders, and how he and cocreator David Levien dictated the overall tone of Billions.
The Recappables — Billions Season 3, Episode 1: “Tie Goes to the Runner”
Bill Simmons and Mallory Rubin discuss where we left off since last season (2:13), the most scarring scene of the Season 3 premiere (13:39), Axe’s new bachelor lifestyle (21:27), and what they’re looking forward to the most on next week’s episode (31:58).

The Best, Most, and Worst From the Billions Season 3 Premiere
Miles Surrey: Billions, Showtime’s superhero show cosplaying as a financial drama, finally, graciously, returned to our screens on Sunday night, promising a brand-new season of long cons, extravagant meals, and Paul Giamatti getting spanked in a BDSM sex dungeon by his wife and their “therapist.” The new season brought back the warring Chuck and Axe and Wendy’s precarious position in the middle of them, and added nods to Trump administration employees with as much subtlety as Wags’s ass tattoo. Because this show is a beautiful concoction of not just plot details but also half-zip pullovers, Malin Akerman trying to act, and oddly perfect dialogue, it only made sense to review each episode of this budding season by recognizing the best, the most, and the absolute worst.