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I am a literal legend of gambling, ask me anything. I am a literal legend of gambling, ask me anything.

11-06-2023 , 10:39 PM
Absolute ****ing legend!
I am a literal legend of gambling, ask me anything. Quote
11-06-2023 , 10:40 PM
Quote:
Originally Posted by ES2
Please talk more about cheating. How common do you think it is? What are some notable examples you've encountered?

I guess a big perk of running a game is you can prevent it pretty well. But suppose you were a normal player, bouncing around mid and high-ish stakes. Would you worry much about it and, if so, how would you deal with the issue?
I would worry zero about cheating LIVE below the biggest games in the world if they are not on a stream. ONLINE you are very likely being cheated in every game at every level (if you consider bots and rta and multi accounts and team play cheating) NOTE: EVEN CHEATED GAMES CAN BE VERY PROFITABLE!!!!!!

feel the edges of the cards, low limit cheating teams from overseas almost always do some sort of knicking of the edges of the cards. its simple and foolproof and only requires two players. Loudly and verbally make note of weird things you see. if a guy raises and gets 2 callers then another guy min raises then the original raiser moves all in and everyone folds say loudly smiling (AS A "JOKE") you guys chopping us up in the parking lot or something??? that joke will stop further cheating if its going on.
I am a literal legend of gambling, ask me anything. Quote
11-06-2023 , 10:41 PM
Quote:
Originally Posted by PointlessWords
Do you think chip Reese ever cheated
everyone old school says he did. if you could bet on it at even money i would bet: YES
I am a literal legend of gambling, ask me anything. Quote
11-06-2023 , 10:44 PM
Is Barry Greenstein a good golfer? Is Jeff Friedman a sandbagger?
I am a literal legend of gambling, ask me anything. Quote
11-06-2023 , 10:46 PM
Quote:
Originally Posted by borg23
what kind of car do you drive?
i think its a 2017 bmw i3 electric. amazing car, never been to the shop once in 6 years. no oil no tune up no nothing (just tires). like driving an iPhone.
I am a literal legend of gambling, ask me anything. Quote
11-06-2023 , 10:50 PM
Quote:
Originally Posted by La Peste
Absolute ****ing legend!
the dude abides, and my hourly at limit HE (20/40 through 100/200) since covid is SIIIIIICK!!!! fish on a heater!!!!!!! (two different limit hosts have tried to not sell me chips but just hand me racks and have me go "come come". i wont do it for obvious ethical reasons but also because i know im gonna go on an insane downswing soon and dont want to hurt these fools.
I am a literal legend of gambling, ask me anything. Quote
11-06-2023 , 11:32 PM
@limon

If somebody wants to try out Poker seriously, and they have say $200,000 to their name. What would be a good game to buy into ..shd the maximum buy in be 1000 or 2000 perhaps? And if there is a losing streak at what point should the person stop playing or maybe take a break?
I am a literal legend of gambling, ask me anything. Quote
11-06-2023 , 11:54 PM
I used to play professionally back in 2007-2015ish and quit after realizing Limon was right about how miserable poker is as a job.

Reactivated my 2+2 just to ask the legend some ?s...

1) If you were in your 30s today, and had only played poker (assume a $100k bankroll), but quit for a new career, what would you do?

Since the answer might differ, what would you do if you wanted to maximize income? Or to minimize stress but live a comfortable life on an average income?

Plz assume you only have the skills you've developed playing poker.

2) to make the world a better place, what problem would you focus on helping solve?

3) how does the national debt problem end?

4) what's your best guess on the price of BTC in 5 years and why?

5) can you describe in detail your favorite drug induced experience?

Thanks for being you!

We've actually met a couple times and I called into your show as Seth a few times back in the day. LATB was awesome!
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 12:19 AM
Quote:
Originally Posted by joshuasp75
I used to play professionally back in 2007-2015ish and quit after realizing Limon was right about how miserable poker is as a job.

Reactivated my 2+2 just to ask the legend some ?s...

1) If you were in your 30s today, and had only played poker (assume a $100k bankroll), but quit for a new career, what would you do?

Since the answer might differ, what would you do if you wanted to maximize income? Or to minimize stress but live a comfortable life on an average income?

Plz assume you only have the skills you've developed playing poker.

2) to make the world a better place, what problem would you focus on helping solve?

3) how does the national debt problem end?

4) what's your best guess on the price of BTC in 5 years and why?

5) can you describe in detail your favorite drug induced experience?

Thanks for being you!

We've actually met a couple times and I called into your show as Seth a few times back in the day. LATB was awesome!
With the lockdowns and how they devastated our economy we certainly are in a situation and money is not worth as much as it was just three years ago.

So if not Poker, then what to do? Assuming a $200,000 bankroll. I noticed that bitcoin in the last year went from 15,000 to 36,000 but other stocks for example have a 3 or 10 times return on investment within a year , so what about that? It seems like sometimes you’re better off putting a big bet on say the Kansas City Chiefs to win the Super Bowl at 5 to 1.

I have dabbled in the stock market a little bit. But I’m afraid to truly pull the trigger. I mean what stocks are there to buy That really makes sense if you’re not an expert on the situation?

What can you put say $10,000 into and hope it turns into 50,000 a year?

That’s for making the world a better place there’s many things to do give money to poor people. Like to give money to immigrants.
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 12:45 AM
Quote:
Originally Posted by borg23
Do you generally like the people in LA. I haven't been there much but people just seemed so fake.
And the commerce had by far the worst behaved people I've ever seen in a poker room. Each trip the first few days I would be like these games are amazing but after a few days I just felt disgusting being around them. TBF I haven't been there in around a decade so no idea how it is now.
I remember having a discussion with a friend about whether renovating Commerce would be good or bad and I think it might actually make the games worst. I think because bad behavior is not necessarily prohibited it makes the action better, it is as if people are encouraged to act in a crazy way. There's no science behind it but I stand behind my theory.
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 03:46 AM
Limon - why the 7 year hiatus from 2+2? Did you still read stuff in the forums or did you take a total break?
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 09:36 AM
Quote:
Originally Posted by HospitallerKnight
With the lockdowns and how they devastated our economy we certainly are in a situation and money is not worth as much as it was just three years ago.

So if not Poker, then what to do? Assuming a $200,000 bankroll. I noticed that bitcoin in the last year went from 15,000 to 36,000 but other stocks for example have a 3 or 10 times return on investment within a year , so what about that? It seems like sometimes you’re better off putting a big bet on say the Kansas City Chiefs to win the Super Bowl at 5 to 1.

I have dabbled in the stock market a little bit. But I’m afraid to truly pull the trigger. I mean what stocks are there to buy That really makes sense if you’re not an expert on the situation?

What can you put say $10,000 into and hope it turns into 50,000 a year?


That’s for making the world a better place there’s many things to do give money to poor people. Like to give money to immigrants.
limon's thread, but my $0.02 on these two bolded:

If you want to get a bit of money in the stock market and have no idea where to start, I advise steering away from picking individual stocks and going with an index fund. That will bring you some standard market returns in the long-term but insulate you from short-term volatility.

But on that point, to your second thing about putting $10K and making it into $50K in a year; yeah, forget about that. Unless you are extremely risk tolerant and are fully prepared to see that $10K far more likely to go to $1K rather than $50K, there aren't any investments that are at all likely to produce a 400% profit in a year except for the most speculative nonsense out there. Crypto investment is very close to pure gambling, so if you are extremely risk tolerant you can go for it, but with only $200K "bankroll" than you are not really in that position (that's a decent sum, but far from "f*** you" money.

You pointed out Bitcoin over the past year, but be sure to check the year before that (Nov '21 to Nov '22) when it went something like $65K down to $16K.
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 12:47 PM
Quote:
Originally Posted by La Peste
Is Barry Greenstein a good golfer? Is Jeff Friedman a sandbagger?
barry was good for his age, he had an accident and sort of quit golf. the thing about sandbagging as you get older is it clashes with your ego and ego usually wins. when your average score is 72 its easy to pretend your average score is 79 but when your average score creeps up to 79 its almost impossible to pretend to shoot 85, first, no one believes you, second you dont even want to believe it! in your mind you can still fire 72 if you need to. jeff and barry were legends of golf betting, but now they are just enjoying there late 60s. golf betting has completely dried up along with all gambling except for sports betting but sports betting is riding a wave of a prohibition being lifted and MASSIVE media saturation, its already coming back to earth.
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 01:11 PM
Quote:
Originally Posted by BrickMMA
limon's thread, but my $0.02 on these two bolded: If you want to get a bit of money in the stock market and have no idea where to start, I advise steering away from picking individual stocks and going with an index fund. That will bring you some standard market returns in the long-term but insulate you from short-term volatility.

But on that point, to your second thing about putting $10K and making it into $50K in a year; yeah, forget about that. Unless you are extremely risk tolerant and are fully prepared to see that $10K far more likely to go to $1K rather than $50K, there aren't any investments that are at all likely to produce a 400% profit in a year except for the most speculative nonsense out there. Crypto investment is very close to pure gambling, so if you are extremely risk tolerant you can go for it, but with only $200K "bankroll" than you are not really in that position (that's a decent sum, but far from "f*** you" money.
Yes, don't buy individual stocks, buy the sector. Instead of buying Exxon buy a petroleum ETF. Same with sectors like health care, tech, utilities etc.

Most brokers won't even consider managing an account for under $100k. I've got some with Wells Fargo and my broker was threatening to dump me because my account was under $250k.

Making 5% on your money is pretty safe and easy, heck, there are CD's paying that much now. Making more than 10% is kind of risky but doable.

Basic market strategy is to open an account with Vanguard and put it all in an S&P index fund like VOO and prepare to go long term, 5 years minimum. With $2 million in the bank, I'm happy with 5% and get pissed off when I lose a $300 buy in at 1/3 NL.

Last edited by jcorb; 11-07-2023 at 01:16 PM.
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 01:15 PM
Which pit game is the most fun for you?
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 01:18 PM
Do you bet on sports? If so, which ones?

Ever play heads up for rolls?
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 01:21 PM
Quote:
Originally Posted by HospitallerKnight
@limon

If somebody wants to try out Poker seriously, and they have say $200,000 to their name. What would be a good game to buy into ..shd the maximum buy in be 1000 or 2000 perhaps? And if there is a losing streak at what point should the person stop playing or maybe take a break?
If a person has cash flow, aka a job or something like that that brings in money every month. they should always just buy into the biggest game they have a couple of discretionary income buy ins for and yolo. you will have a lot more fun, if you bust quick you can just get back to your life and not waste soul crushing time grinding small games and, sooner or later, you will go on a 30 buy in sunrun and win some REAL MONEY, not cheeseburger stuff. at that point you can really make some decisions about your future in poker. A little known fact about "legends of poker", we all have basically the same origination story, we all played way to big to start (we didn't know any better) we all nearly instantly went on a massive heater. we all were smart enough to know we had gotten very lucky and bared down even harder to reverse engineer a poker game and become much much better. Poker burnouts run hot and think thy are good and smart. they throw it all back.

If you have a set amount of money 100k or whatever. take out 6 months expenses and put it in a high interest savings account, take the remaining amount and divide it by 40. whatever that number is, is your buy in amount. play in a game where that amount is about 100 bigs. if that number gets below 30 move down in stakes, if it gets above 50 use the extra money to play in really big games when they look great.

Last edited by limon; 11-07-2023 at 01:40 PM.
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 01:39 PM
Quote:
Originally Posted by joshuasp75
I used to play professionally back in 2007-2015ish and quit after realizing Limon was right about how miserable poker is as a job.

Reactivated my 2+2 just to ask the legend some ?s...

1) If you were in your 30s today, and had only played poker (assume a $100k bankroll), but quit for a new career, what would you do?

Since the answer might differ, what would you do if you wanted to maximize income? Or to minimize stress but live a comfortable life on an average income?

Plz assume you only have the skills you've developed playing poker.

2) to make the world a better place, what problem would you focus on helping solve?

3) how does the national debt problem end?

4) what's your best guess on the price of BTC in 5 years and why?

5) can you describe in detail your favorite drug induced experience?

Thanks for being you!

We've actually met a couple times and I called into your show as Seth a few times back in the day. LATB was awesome!
1) something i loved and would do for free. something in the golf or psychedelic cactus industry. possibly gambling industry. if you can become obsessed with something the money will follow.

2) people dont need anything but opportunity, even in the most godforsaken places. anyplace the playing field is more free and more level the world is better, anyplace the playing field is less free and less level the world is worse.

3) its not necessarily a problem at the rate america is growing, operating on credit is very smart economics when you print the worlds currency and can manipulate rates. the entire economy, including the debt should naturally inflate at the rate of growth (gdp is one growth number). inflation at a rate slightly lower than growth is necessary and optimal to get the most out of an economy.

4) not zero but not good. its pointless and deflationary and is in a mining death spiral.

5) A celebratory bottle of crystal after the giants beat the pats in SBXLII and my book was wayyyyyyyyyyyy out of balance on pats. (champagne and sportsbetting, one helluva a drug!)
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 01:43 PM
Quote:
Originally Posted by HospitallerKnight

What can you put say $10,000 into and hope it turns into 50,000 a year?

.
el oh el.
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 01:45 PM
Quote:
Originally Posted by NWJim
I remember having a discussion with a friend about whether renovating Commerce would be good or bad and I think it might actually make the games worst. I think because bad behavior is not necessarily prohibited it makes the action better, it is as if people are encouraged to act in a crazy way. There's no science behind it but I stand behind my theory.
a casino must have a basic standard of comfort/luxury for VIP players to come in. the commerce has that basic standard....but barely.
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 01:52 PM
Quote:
Originally Posted by TroothSayer
Limon - why the 7 year hiatus from 2+2? Did you still read stuff in the forums or did you take a total break?
I WAS LIFETIME BANNED! LIKE 7 TIMES!!! sklansky and malamuth and other OGs who knew i was the real deal, provided great content, and drove traffic would usually unban me but i was causing the life loser mods to cry their eyes out so malamuth had to finally let me go for good. he needed that free labor even if it was horrible and slowly killing his site. i went to twitter then got lifetime banned from there, then i went to reddit got banned from there but then they unbanned me and took a hands off approach which was great. then elon let me back on twitter and a smart OG mod unbanned me here. so im everywhere again!!!
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 01:53 PM
Quote:
Originally Posted by MDAcoaching
Which pit game is the most fun for you?
none. or all if i have an advantage! steering dealers in UTH is prob the most fun.
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 01:55 PM
Quote:
Originally Posted by Meisner
Do you bet on sports? If so, which ones?

Ever play heads up for rolls?
ive bankrolled teams that bet on sports. did well but hard to get action down/trust the team over time.

i hate heads up poker, wont play. its too intense and hard work. i like full ring and relax.
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 02:02 PM
Quote:
Originally Posted by limon
ive bankrolled teams that bet on sports. did well but hard to get action down/trust the team over time.

i hate heads up poker, wont play. its too intense and hard work. i like full ring and relax.
I agree with your heads up sentiment.

If a guy was to bet on sports individually, not risking much money at all, but not looking to exactly lose, what sports would you suggest and where would he do research to make educated bets?
I am a literal legend of gambling, ask me anything. Quote
11-07-2023 , 02:31 PM
Quote:
Originally Posted by limon
if a guy raises and gets 2 callers then another guy min raises then the original raiser moves all in and everyone folds say loudly smiling (AS A "JOKE") you guys chopping us up in the parking lot or something??? that joke will stop further cheating if its going on.
I do this kind of stuff all the time in Omaha (works even better in 5 card) but without the "everyone folding" result. Are you gonna get me banned if I show up in LA?
I am a literal legend of gambling, ask me anything. Quote

      
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