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Daniel Negreanu

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220
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2022-09-27
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2022-09-27
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  1. “Not exactly, because so, an optimal range, like if I bet the river, if I'm playing game three optimal, a portion of my range is going to be, I have it. I got the best hand, and a portion of my range is going to be bluffs and they'll be balanced. So in theory, no matter what you do, No matter what you do, if you call or you fold, In theory, it's just you're printing a zero, as we say. You're not gaining, gaining or losing any EV if you were to do it that way. Is expected value”

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

  2. “Yeah, so that's another big thing that's different about poker from my day to today in our day, we would like to put people on one hand. I'm like, you probably have king nine or you have jacks or something like that. Now people are cognizant of the idea that you could have an entire range of hands. So then you ask yourself in situations, all right, I know what I have, but what I could have in his mind. Or my opponent's mind is any one of these hands. What would I do with the entirety of these hands? And so a lot of people that are trying to play optimally, you know, game theory optimal, they think in terms of what their range of hands would do rather than their very specific hand.”

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

  3. “Really, should never expand. The range of hands should always get smaller, right? Like again, we start with the full scope, and then you should factor in like, okay, these are all the possible hands you can have on the flop now, right? We can't have new hands on the term. And if you get to that point where you think, oh, well, maybe he has this hand, then you sort of misjudged his range prior. So you're not thinking clearly. It should always shrink from the full scope to, you know, hopefully just a couple.”

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

  4. “Don't expect them to have in their range, and you know, maybe a little bit unorthodox doing some things you don't expect to throw you off. But a range is essentially all the possibilities and it narrows before the flop it's endless player raises, okay, it's minimized now player bets the flop okay, it's minimized further and then by the river you know you can narrow down the entire range to you know just maybe even a few hands”

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

  5. “So I actually speaking to YouTube, I did a video on specifically this familiar with Rangers. And essentially, Back in my day, the old days, we didn't talk about poker that way. We're like, I think he's got this, or I think he's got that, right? Nobody thought of the range of hands a player can have. So I guess the best example is imagine like all the potential hands is being a part of a grid, right? So the first player to act, they could have any one of those hands, right? Anyone randomly dealt, right? But let's say now that that player raised to $3,000. Okay, well, you can eliminate now from this grid a whole bunch of hands that this player can no longer have because if they had a two and a three, they wouldn't do that. So you can say, okay, he probably has a big pair, he has ace king, you know, you've narrowed the range of hands down, right? Now through every action on the flop, on the turn, and on the river, based on the decisions they make, you narrow it down even further. So the range of hands is the whole entirety of all the possibilities that this player you believe could happen. Sometimes they fool you or they have a hand that you...”

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

  6. “So, yeah, essentially not being attached. Okay, I've already put in $40,000 in this pot, and this guy's bet another 20. Well, I mean, I got to get my 40 back, right? Except, you know, in some cases, you have to reassess individually this situation and realize, all right, well, this is a bad investment. So I got to cut my losses.”

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

  7. “Yeah, no, I mean, I think it's incredibly difficult for the vast majority of people. You know, part of what makes professionals really, really good is recognizing a situation that's very, very dangerous and they need to jump ship. Like what happens to a lot of players is you get married to a hand. Let's say you have pocket aces, which is the best possible hand, right? But the board runs out where it's seven, eight, nine. And then there's a jack and then there's a six. It's like, you have a great hand to start, but you don't anymore. So one of the difficult things for the average player is once they've put money in, cutting their losses and saying, okay, let's move on to the next hand. It's very, very difficult thing for a lot of people.”

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

  8. “He says in the movie, he says normally I wouldn't reveal a tell, but I don't have that much time I've got to rattle him some way.”

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

  9. “He's like, you're not hungry? Not hungry, KGB? He's like, I keep on, you know, so he sort of references it and then he takes the cookies. He notices. He's like, ah.”

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

  10. “Because I think one of the things rounders got right is that it's a poker movie, right? But you don't have to be great at poker or really understand poker to enjoy the movie. And that, you know, Oreo cookie tail, like everyone gets that. They're like, okay, that's simple. If he would have went with something more subtle, you know, like licking your lips or looking to the right, and I think it might have been lost on the audience”

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

  11. “What they will do though is they bet and it's up to you and then they're whether they're uncomfortable or they do it unconsciously they just To do something to make themselves look relaxed or whatever, and you know, they grab a water where they don't really need it in that moment, but they're trying to take your mind off of the situation.”

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

  12. “Well, the thing is, generally speaking, people don't eat food in the middle of a hand. Like, they're not going to bet and then just like.”

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

  13. “Right? Like, okay, it's very clear. You know, he eats the cookie, he doesn't eat the cookie, and it means one or the other. At the highest levels, something that blatant, you're not going to find. You're going to find a lot more subtle things, maybe with posture or timing or, you know, different things like that. But at the lower levels, you might see with a lot of people, when they're in a hand and they've bet, whether they drink water in the hand is going to tell you something, generally speaking.”

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

  14. “So, first of all, I love Brian Koppelman, who made the film. And I think what they were going for is something obvious to the general public.”

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

  15. “When somebody believes that they're a loser or they're unlucky, right? And that bad things happen to them always and they never catch a break, well, you know, you can just help them make it true.”

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

  16. “Physical tells is a secondary thing. I was more specific of like player profiling, right? And sort of understanding the type of mind that I'm dealing with, right? So again, somebody who's a lawyer. Is used to trying, is fine with being deceptive as part of a game, right? Whereas maybe somebody's a Sunday school teacher and they don't feel comfortable, maybe they think bluffing might be dishonest, right? So they're less likely to try some shenanigans against you. And then the other thing, too, is what type of person is this in terms of their view on life, right? Are they positive? Do they feel like things go their way or they're not, right? There's those people that always, well, of course I lost. I always lose with this hand. And those types of people you can manipulate because when a card comes that you don't have them beat, right? But you can pretend because they'll believe it. Like, of course you beat me. So you bet all your chips against them, knowing that you can scare them because they already feel like they're going to lose.”

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

  17. “There's that too. And also, just, you know, and this is just part of who I am anyway. Like, I like to talk to people, but one of the byproducts is the more I know about you, the more I likely know about how you think about different situations, right? So what do you do for a living? Oh, I'm a lawyer. I defend criminals. Okay, so this guy probably spends a lot of his time twisting the truth, trying to find, you know, and then, so then, you know, you already have a mindset of like, this guy might be more likely to bluff or he's probably comfortable doing that, very subtle things like that.”

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

  18. “A really good way to put it. I never put it like that, but it makes a lot of sense. Yeah. Fear fill Ivy. And then with me, it's fine. Don't worry. I'll take your money, but you're going to enjoy it. It's great.”

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

  19. “I think Phil has an aura about him where he wants you to know that he's watching you. Be afraid, be uncomfortable. Because when you're uncomfortable, I got you, right? And that's sort of his shtick where he, you know, and people do. Like when you sit at a table with Phil Ivey, it's intimidating.”

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

  20. “There are several different things. There's the ones that are conscious, and then there's the ones that are subconscious, right? Like on the conscious level, it might be something someone says, right? You know, you ask them a question and they say, oh, you know, you shouldn't call me here, you should. So there's the verbal tells. There's also the more subconscious stuff, body posture, right? The eyes, the throat, the pulse, various things that are less controllable. I find I use a combination of both to try to gain information. But generally, when I have somebody more comfortable, they give off more. Like everyone has a different approach. Phil Ivy likes to intimidate. I go the other way. I want my opponents to be relaxed so that they'll give me more in that regard.”

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