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Daniel Negreanu

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2022-09-27
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2022-09-27
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  1. I like that one. I like for me that's like the difference between victim and responsible, like the way that I think about it, right? You can be a victim to circumstance, or you can be responsible for everything in your life, right? So an event happens, the event itself is neither good or bad until you assign it value. So, like an event happens and can be traumatic, it can be painful, but how you respond to it is ultimately going to be up to you. Like you actually do have a choice.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  2. Got to know and hold no. So basically, it's like, all right, you know, in life, like, you know, let's use a whatever, the market, for example. You bought a stock, right? Or you bought Bitcoin and you're like, it's going to go to the moon, right? It's like, okay, well, maybe things have changed. New scenario, new circumstances, new situation. Are you going down with the ship, right? Or are you going to lay the hand down? Are you going to fold it? Whether it's a relationship, you know, you're with this woman. You're like, all right. I think it's time to fold this one. I think, you know, I don't think that we're going to be able to make this hand work right now.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  3. It is right, yeah. It's yeah, the highs and the lows are there. So, but yeah, like because I feel like a protector, and for me, I just want to be a rock, right? And that's part of the whole serial thing. If she wants to eat cereal, Make a wrong for anything she wants to do.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  4. You know, I mean, she's so good about communicating it though. She tells me some morning she'll be like bad mood trying to get out of it, babe. I'm like, okay, I leave her alone.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  5. Like, I literally do think about with her how important it is and how much I try to like. Just come from neutral and like compassion and never judge because she's got other things that she deals with, right? That I don't. She's bipolar, right? So with that, I've studied and I've learned a lot about sort of mental health and what that means and ways in which a lot of characteristics about somebody is completely out of their control when they're bipolar, right? And their swings. Like there's no cocktail for bipolar that solves the issue, right? So there's medications that work to level you out for periods of time, but then they start to fade and they don't work as well. So they constantly need readjustment. It's an unsolved mystery to a certain degree. So in some sense, her diagnosis made our relationship easier because I don't take anything personal, right? I realized that sometimes she's going to be in a mood.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  6. Listen, if she wants it, she wants it, acceptance. Like when she goes to bed, like all these little things about my regimented life, she's not Like our motto at our wedding was like, Keep me wild. I'll keep you safe. You keep me wild. I keep her safe. She keeps me wild. She's like not organized and anal and all those kind of things. I am. She helps me let loose. You know, oh no. Like, all right, let's do it, you know She keeps me freed

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  7. And the thing I finally realized what love is, frankly, for me, with her is no judgment, right? So, like, yeah, so I have my way of being, right? If she wants to have cereal for dinner, babe, that's the best decision for her. I was living in a framework of better and worse. The way that I do things is better and yours is worse. Do things more like I do. That's a recipe for disaster. True acceptance and true love is accepting someone like exactly as they are. You know, she wants to do something different. I'm going to support her. Whatever it is, even if I disagree with it personally and like the way that I would do things, learning to just realize that she's had a different journey and a different walk towards where she's at than I have

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  8. Someone like me, one of probably one of my strengths in poker, but my weaknesses in relationship is judgment, right? When I play poker, I need to judge you. That's essentially what I'm doing. I'm gauging who you are and what you're good at and what you're bad at. And that can have repercussions because that's how I, you know, view, that's the lens I look at everyone with based on how you live your life. I'm judging you. This guy's this. This guy's that. This guy's that. And that's not healthy.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  9. Yeah, like she went through her relationships. I went through mine. We experienced life. And I was married once before too, you know, called my starter marriage, if you will, which, you know, you don't know. I think until you do it, until you get married and, you know, experience the sacrifice, not necessarily the sacrifices, but your value systems. If they don't align identically, which they're not going to.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  10. Like that. And she was too. Went to dinner. A few months later, we were married. It worked out so different because we both had to grow and become different people.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  11. Yeah, that's, you know, you sort of talked about the ups and downs. The human condition, and love has been that for me, right? Like, I'm in a good place now, but you know, even with my now wife years ago, you know, she was young, she was, you know, new to poker and she wasn't ready to settle down. I was like, when I met her, I think I was 31. She was 21. And I was ready to like lock her up, if you will. You know, let's do this. And I bought a ring way back when she was like, not about that. She was living the Hollywood life. She was living, you know, partying in LA, doing that kind of stuff and wasn't ready. And we split. And that one hit me hard. So I didn't realize how much of a hit that had on my confidence in everything, really, in poker with other women. It had me a little jaded about women too, you know, resentful, you know. And it took a lot of like self-retro. I did like a lot of personal growth work and workshops and things like that. And then didn't see her for years. And she came back to town. I was a much different person. It was, you know, four years ago or something.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  12. Listen, it's okay to experience it. Like I said, yeah, you're going to experience the spirit. What else would you what should you be feeling if things are going poorly and you just lost all your money? Excited? Maybe like, okay, have your moment of grief. Allow yourself to experience it so that you can, you know. Reas

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  13. I do think some people are more apt to being able to deal with adversity and having resilience, and some people just can't hack it. But generally, what I would advise with, you know, people that are, let's say a guy's playing, you know, really high stakes or whatever, doing badly is step number one is take a little bit of a break here and recalibrate and let's start small again. Let's restart and let's play smaller stakes and let's get our confidence back. Because in poker, without confidence, you cannot be successful. It is incredibly important to have almost an inflated level of confidence in yourself because you're up against it, right? As I said, the majority of people fail. So why are you special? Why are you different? You have to be pretty confident about yourself to think that you are one of the chosen ones.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  14. Not for everybody. This really isn't like a lot of people might, you know, listen to this and think, like, oh, I want to play poker. It's like most people fail. Most people who want to play in the NFL, they spend their college years. Most of them are not going to make it. Most of you who try to play poker professionally are going to fail and you're going to experience despair. There are those, like in anything, that have the passion, have the know-how, have the luck and all that sort of stuff. And it all pans out. You know, they're the minority.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  15. So, no matter what, you're set up to fail. Like, this isn't going to work. So I actually didn't give them the money. And I was like, what you need to do to earn more money is lower your monthly nut because it's too high. It just, you know, it doesn't mathematically add up. So trying to set them right in that regard is something that like. I feel obliged to do, especially if they're friends

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  16. I think because I've been there, I have more empathy than I probably should for those people that really feel for them because I remember being in Vegas and being totally broke and like a guy loaning me $400 and me like turning that $400 into $20,000, $400. And it was like eternally grateful that. When I have friends who go through that, like I always try to consult them, obviously what they really need is money for the most part. But I remember saying no to one friend because he didn't have a plan. So I like to try to help them in that regard. My buddy's like, can you stake me in this game? And I was like, all right, well, how much do you? Then I was like, let's break down the math, bro. You want me to stake you? So you get 50% of the profit, right? So I said, how much do you think you can make in this game? How much is the biggest winners make? He's like, well, I could probably do like 20,000 a month in this game. It's okay. So you get half of that because I get 10, right? What is your monthly nut? How much are you spending? Well, I'm renting this thing for $8,000. You're spending $17.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  17. I don't think there's anything wrong with acknowledging that you worked hard to get where you were. There isn't. But at the same time, it's not available to everybody in the same way. You know, right time, right place. Like for me, my poker career could have gone very differently. If things didn't work out, if I had some bad luck in the wrong times, like who knows where I'd be?

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  18. And you also think you develop some biases where you think you're just this, you know, you think like it was all you and you're a genius and you're so great and all these other people who don't have, it's just because they don't have what you have. And like you just then you start to like view that group of people, whether they're impoverished or whatever as like less than and that you're some like great guru where you could have just got lucky and bought bitcoins that you know could have done anything and then you became like super wealthy and then you have this like Dunning-Kruger effect where you think you know everything about everything. And a lot of poker people have that and I listen I'm probably guilty in some ways too. You know thinking because you can figure out poker and be great at that that you could figure out anything. So there's like it's true, right? I mean, we sort of genuinely feel like people that reach the highest levels of poker feel like they are intelligent. So they will look at problem solving and think that they have answers.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  19. And I think that's what it is, right? For me, I've never cared about money that much. I just never did. Otherwise, I would have a lot more of it. But it's always been strange to me how people that have that kind of money are cheap in any way. They wouldn't donate $5,000 to a worthwhile charity because it's like, buddy, when it changes your life, even like small things like taxes. Like, okay, you have $20 billion and you're worried about paying 33%, 30%, 31. I get it. I get the point of it all, but like it literally has no effect on your life whatsoever. Your life is unchanged, whether it's 31 or 33.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  20. Like, and they're still like, oh, we made this deal. And I'm like, you know, we picked up 300. Who cares? Like, your life is set. There is that bell curve, right? Where obviously being in poverty, you know, there's obviously a high rate of unhappiness, but there's a certain amount of money where you reach level of happiness. And then too much, you find the people that are searching for money to fulfill these holes, it starts to go back down again

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  21. There's another quote, and I can't remember who it was, otherwise I would quote them, but it says something to the effect of If we believe in the lie that more is always better, then we can never truly arrive because wherever we are, more is better, right? I've never understood, and I've been around rich people, like, you know, you said, you know, I never got, I can't, I don't get it. Like if you have a billion dollars, why do you give a shit about money at all?

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  22. I would say this too. One other thing I would say is. Don't choose a profession or an idea. Because you think it'll make you rich. Pursue something that you actually love. Because if you love it, you're way more likely to become rich. If you don't, you do something that you don't actually enjoy. Now you're spending a lot of your life unhappy, doing something you don't want, and if you're not passionate about it, you're probably not, the chance of you being successful are much lower.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  23. Need to protect it as much as you do once you've got something right once you have a brand or you have money or you have something like that that's when you want to start protecting it. But in your 20s is an opportunity to just really sort of get to work really, really hard to set yourself up for the future. I am concerned a little bit like every time I talk to kids today, I'm like, what do you want to be? They all want to be YouTubers or Instagram stars. Right, like, okay, it's like, that's cool, but like, there's only so many of those that there can be. So it might be worthwhile having a little bit of a backup plan.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  24. I would say, like your 20s is a good opportunity to set yourself up for the rest of your life, right? So while the 20s are a period where you want to have fun and you want to experience youth. Also, a good opportunity to start thinking about what do you want your life to look like in your 30s and your 40s, right? So I feel like it's the best time to really put yourself out there and take risks and try to hit it, you know, whatever, you know, like to work really, really hard to set yourself up. Because, and I said this at a event that I was speaking at, like with poker, when your bankroll is very, very small, it's replenishable, right?

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  25. It made me think about in my life when it comes to any sort of business deals or things like that. I don't want to get the best of it in such a way where I screw the other person. I genuinely don't. I'd much rather you owe me than me owe you. So if I hire people, they get paid more than they're supposed to. And I'd rather them do that and work towards it rather than feel underpaid. Because if they're underpaid, they're likely under deliver. Whereas if they feel overpaid, then if I need them to do something special, they're not going to be like, hey, I don't get paid for that. Like, yeah, you do. You really do. So that's certainly like played out in my life where I set it up in such a way where I don't owe, you know, I'm owed, but that's okay. I'd rat because I can handle taking the worst of it in spots. I don't like being the person to, you know, feel like I'm indebted to others.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  26. My mother was very generous. My mother, she experienced joy through giving people food, for the most part, my dad would get him drinks, and that was how she felt fulfilled, right? She felt good when she would cook for you. And like she'd be that person, you'd come over. She'd be like, are you hungry? And you say, no, no, no, I'm okay. She's going to put 15 things in front of you and you'll eat. You know, you're going to eat because everyone does that to be polite. No, no, I'm good. But, you know, they will start to eat. And just her hospitality in that regard and just being generous and like being a good host to people and things like that.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  27. I think of these crime shows today, they're so unrealistic now because if they're in an era that is now, like none of this stuff can happen because there's cameras everywhere. You can't get away with these like killing somebody and jumping in a car and you're going to get caught, you know? But in the 70s, that stuff happens.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  28. Love, I mean, it's just totally, I mean, it's obviously more corporate now and it's different, but I love those movies. I love all those movies just seeing that life. And like I said, if there was a period in time that I could go back to and just experience it, it would be, you know, right around then.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  29. Well, there was a guy named there was a James Woods for sure who was the Leicester. We called him. We actually called him Lester. A few of my friends call him Lester You know, the greasy guy who tried to get back in.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  30. I remember that she was like, she lit up every room. She does light up every room. She goes there. Everybody's. Attracted and drawn to her, and she was kind of when she was younger, she was a little wild and crazy and whatnot. So she reminded me of the Sharon Stone character. And then the Robert De Niro character is trying to like have a stable life and be that. Now that was me.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  31. Frankly, Sharonstone reminded me every time I would watch the movie, reminded me of my wife, Amanda. Like, totally. I would see the character. And I was like, I'm the Robert Conero character in the film. It was. I used to watch it through that lens.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  32. Not really. Like, I don't go out and stuff, but I kind of just like the characters. I like that they have. Know unique personalities, and I think we live in a world now where. People are more and more careful of what they say and afraid of backlash and all that stuff. And it's kind of like an old school version of just like, say what you feel, it's okay as long as your intent is good. And, you know, like they haven't been canceled, if you will, which is good. But I feel like their type of behavior slowly but surely. Because they got a lot of flack originally for misrepresenting Italian Americans or something like that. Like there was a lot of backlash about this isn't how Italian Americans really are and blah, blah, blah. So they sort of were representing that group of people. And, you know, they received some backlash back in the day.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  33. I just love that they're sort of, I love the debauchery. I think Paulie D is a fun guy, you know, and just like it's just something like, it's just, it's, it's what do you call it? It's trash TV. It's a guilty pleasure. But you can just watch in Snooky get drunk and falling all over herself or whatever.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  34. Unless they would never kick you out for making too much money, unless they suspect cheating. Because why would they? They have an advantage, they want the money back. It's not like you go in there win 10 million, you're like, oh no, that's enough for us. What about?

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  35. Well, they easily figure it out. So basically, they have an eye in the sky and they can see. So if you're varying your bed size, right? So there are certain spots where based on the cards that are out, let's say, for example, a lot of the twos, threes, and fours and fives have been coming out. So the deck is rich in face cards. That's very good for the player, right? So imagine you were betting 500 bucks and then all of a sudden you up your bet to 2,000 or 5,000 when the deck is rich. They know when the deck is rich in high cards because they keep a counter themselves. So if they notice a player increasing their bet sizes when the deck is good for them, it's a telltale sign.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  36. So counting in blackjack here in Las Vegas is like the only game where they actually can ask you not to play. Basically, if you're counting cards You could potentially have an edge in blackjack, and there are some professionals who do that, but they get caught pretty quickly, and then they say you can play craps, you can play whatever you want, but you can't play blackjack here anymore.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  37. Do that at 10 casinos a night. You're making a million dollars in free equity. And they would give them promotional chips and all these kind of things and free flights and stuff like that. So he took advantage of the image. That they're trying to exploit. So, this is why I don't have any empathy for these casinos because they're giving you free drinks, they're giving you, why do you think they're doing that, kind of the kindness of their heart? They're trying to exploit you. So guess what? You lost at your own game. Pay the Piper. And I think it was crazy because the judges in his case said. He did not cheat, but it's probably not right. Hold on. You just said he didn't cheat, you know, that should be the end of the case.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  38. Phil had in his heyday, he had, he exploited weaknesses in casinos systems all over the country. Like in one night, I don't know if you know the story. In one night, he would take a plane, a private plane, and fly to 30 different casinos all over the country because he would have these deals where they're like, all right, we got this big, rich sucker who's going to come here and play crafts and he's going to lose all our money. So he'd have this deal with one of the casinos where they'd be like, all right, you get 20% back up to half a million. Right. So if you lose half a million, we'll give you back 100K. Okay. So he'd go to one casino in Tunica. He'd play half a million. Win, win or lose. He would leave. They think they're going to get him to stay. They get him a big room, whatever. So let's say he goes to Tunica, he loses half a million, okay? Now he goes, he flies to Atlantic City. He wins half a million. He lost half a million and won half a million, but he got 100,000 back. So he's actually plus 100,000.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  39. So, some of the cards, like you said, like, you know, they have those pattern on it And some of them, this was faulty cards on there, were not cut properly. So, like the eights and nines had the card cut differently, and those are important cards in this game, you know, the eights and nines or whatever. So you could essentially, from looking at the back of the card, discern what it's going to be. You do nothing in terms of cheating yourself. You're not rigging the game. All you're doing is taking advantage of the fact that you're playing, you've offered me cards that

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  40. Yes. Yeah. What happened with Phil Ivey in that whole case is it's a catastrophe, really. It is such a horrible precedent because here's what he did Phil Ivey shows up at the casino and says, I want to play this game. They say, okay, all right, I want to play with those dicks. They say, okay. They agree to everything that he says. He never touches the cards. He doesn't do anything outside of the fact that the cards that you supplied have imperfections on them and he can see them. So that increases his chances of winning. He could still lose, theoretically, right? Probably not, but he can lose, in theory, he just gives him a little bit of an edge. And it's all stuff based on what you provided.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  41. That's part of the reason that they cut. So, like, you'll see there's a burn card because what happened, you know, maybe in the old days is if you're sitting in the one seat, I could lift the car and you could see it the next card coming, right? So what they do is they have a card on top of it that you burn that isn't the card, and then the next card is the one that comes face up.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  42. So, yeah, I remember I lost the big number in that game, and it was a good learning lesson in terms of being wary of who you trust.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  43. I was at the Chimo Hotel. I was a teenager, and they saw me playing, you know, I was making good money as a teenager. I had like a $13,000 bankroll, you know, and I went and played in this game with them in a private hotel room and found out later that the guy was a card mechanic. He was dealing and he could deal you the hands and he knew what you had and stuff like that.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  44. Where if they use this tool in a more subtle way, they could probably continue to get away with it. But again, that's not something I worry about in a casino environment, in these tournaments and things like that. But if I was playing in private games, like if I came down to Texas and some guy, I got cheated in a game by a guy named Blackie Blackburn and Tex.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  45. Yeah, like, so here's the thing I don't play in private games and whatever, right? In private games theoretically? You know, you could be in if you don't trust the people you're playing with. Like I've heard stories of people where they have an earpiece in that you can't see, right? And they have, you know, like RFID on the cards or something like that and they have a phone reading it. So they have somebody in a truck telling them you're going to win this hand. You're going to lose this hand. Like that happened in a private game. And the guy, what's often funny about some of these people who cheat is they're so greedy and blatantly obvious that they get caught.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  46. It because otherwise, you know, then you're sort of giving the cheats the playbook in terms of how to take advantage. But it's always going to be a concern for poker wherever you play, right? But it's not something I'm worried about personally.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  47. No, I have not. But when I started out as a teenager, I played in a game with a bunch of Italians. And I knew they cheated. And I didn't care because they were so bad. I could win anyway. I was like, I knew they would cheat, but I knew how they were cheating. So I was like, okay, you guys suck. But so here's the thing anytime you're talking about large sums of money, there will be people looking to take advantage, whether that's live or online, right? And so it's like the job essentially of the online operators or the live event staff to police it the best they can and the players themselves being on the lookout for it you know like a guy like doel brunson's a great resource because he's seen it all and he's seen all the tricks you know and so live you know he probably could spot a few things but online there's there's various ways people can try to cheat but there's also really good security measures in place to catch them you know and we've caught in like about two years ago there was a huge undertaking of like 500 accounts that were banned for doing different things and you know there's and again you can't go in they can't go into detail in terms of how they're doing

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  48. So here's the thing that's kind of like romanticized from the old days, like in the Western stuff, like people trying to cheat

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  49. Heads up, you're like, it's like boom, it's like you're in the ring, you know, you're in the octagon and you're facing haymakers nonstop.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source

  50. Heads up is very intense. I like heads up, but I think if you had to play heads up eight, ten hours, it's so mentally draining because your face was so many constant decisions each and every spot. Like you play nine-handed, you look at a nine and a three, you throw it away, you hang out for a bit, you get break, relax, you're good, you get a little break, and then play hand.

    2022-09-27 · Lex Fridman Podcast · #324 – Daniel Negreanu: Poker · IDENTIFIED FROM THE TRANSCRIPT · source