Poker Tips Video Source & Information:
Join Phil Galfond as he busts 5 poker myths in 5 minutes! Are you convinced that Online Poker is Rigged? Do you think Poker Isn’t Gambling? Does being a Poker Pro seem like an easy life? Let’s get some answers!
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Myth #1 – Online Poker is Rigged.
There is a common conspiracy theory that online poker sites are ‘juicing’ the pots by encouraging more action through putting more cooler situations out there. If you feel like this is going on, you’re probably just playing more hands than you are used to on the live poker felt at the casino. Encouraging bigger pots wouldn’t lead to the positive result for the online casino like some people believe. While there have been some examples of cheating from poker websites in the past, such as Absolute Poker and Ultimate Bet with their Superuser accounts (who remembers POTRIPPER?), generally speaking if you are playing on regulated poker sites you are playing in a safe environment.
Myth #2 – Poker Players are Dishonest.
While there are many examples of dishonest or untrustworthy individuals in the world of poker and gambling, over time your reputation and word is all you have. If you’re lucky enough to spend your life involved in the poker community, or make your living as a poker professional, you will have the opportunity to experience both sides of the spectrum of honesty. From people you would trust with your net worth to people you wouldn’t trust to watch your fake house plants, poker has it all.
Myth #3 – Poker Isn’t Gambling.
Despite what some gamblers might tell you while sitting around your local home game table, poker is a skill game but still definitely gambling (especially when it comes to short-term variance!) This shouldn’t be scary news though — you gamble all of the time when you do something as simple as dancing in the shower or driving on the highway.
Myth #4 – Tournament Winnings = Earnings.
Don’t get these two confused! Poker tournament winnings and a poker player’s tournament profit are not the same thing. Poker tournament earnings displayed on websites like The Hendon Mob do not take into account factors like tournament buy-ins, the poker pro swapping pieces with another player, or a poker player selling pieces of their buy-in.
Myth #5 – Being a Poker Pro is an Easy Life.
When speaking about poker, Doyle Brunson once said “It’s a hard way to make an easy living” and that sentiment rings as true today as it did when he first said it. As a poker player your poker bankroll and life bankroll have to be able to survive potentially going months without winning, or even actively losing! Never mind your bankroll, can your mental game handle the swings?
Are you a new poker player or a poker beginner? Do you just need the best poker strategy and best poker tips or do you have a high stakes poker related question you’d like a poker professional’s advice on? Leave a comment and your question might end up in the next one of Phil’s quick poker tips videos!
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Music: EpidemicSound: Papa Funk – spring gang
Doyle Brunson Image credit: World Poker Tour / https://www.flickr.com/photos/worldpokertour/52578738941
00:00 5 Poker Myths in 5 Minutes
00:13 “Online Poker is Rigged”
01:11 “Poker Players are Dishonest”
02:11 “Poker isn’t Gambling”
03:09 “Tournament Winnings = Earnings”
04:08 “Being a Poker Pro is an Easy Life”
05:10 Did I make it? / Outro
Source: YouTube
All good stuff.
I feel like there is NO QUESTION that "play money" poker sites juice the algorithm. When players go broke they just buy another pile of chips. 😂
since you might see this, i wanted to mention that the article that you wrote is stellar.
Trying to explain 5 poker myths in 5 minutes is gambling!
all i can bust in 5 mins is my bankroll and something inapropiate…
In any case, it should be possible for the betting companies to favor worse players so that they don't get tired and stop playing.
Just read your Blog Post. ❤
Phil I have mass respect for you after reading your volg,it must have been so difficult, I can't imagine ,I wish you all the best, you are a good human, health happiness and all the best to you and your family
Longer videos. They will do better in the algorithm and we will watch them.
Phil you are hero after tonight's twitter space!
Really depends on your definition of gambling. If you define Gambling as placing money in negative EV situation like playing roulette or other casino games then poker isn't gambling for winning players the same way futures trading ( another similar "zero sum" game) isn't gambling for successful traders that may correctly place 55% wining trades while most people that try option of futures trading lose in the long term.