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

11-15-2023 , 08:39 PM
Quote:
Originally Posted by RosaParks1
Weird take. It's a discussion forum. If he's derailing or responding to every question intended for Limon I'd get it but lots of people taking part in the discussion makes a good thread.
agreed, as long as its on topic and not personal attacks Im all for anyones input.
I am a literal legend of gambling, ask me anything. Quote
11-15-2023 , 08:46 PM
Quote:
Originally Posted by limon
ya i remember those, hilarious. i would emphatically say YES! because i could hire some chinese kid to beat it for me and ..... its how the real gambling world works for the successful.
....hire him to do what for you ?
I am a literal legend of gambling, ask me anything. Quote
11-15-2023 , 09:13 PM
Quote:
Originally Posted by Gzesh
....hire him to do what for you ?
beat some stupid little game that online people care about but no one else cares about. i could bankroll a team of dorks to do that and share the profits (theres threads about 3rd world teams doing this all the time), or i could just buy a bot/invst in a bot team to do it. lol, im not studying that stupid **** for cheese burger money, massive waste of time.
I am a literal legend of gambling, ask me anything. Quote
11-15-2023 , 09:13 PM
Quote:
Originally Posted by limon
ya i remember those, hilarious. i would emphatically say YES! because i could hire some chinese kid to beat it for me and i would be told that was cheating. its the exact opposite of cheating, its how the real gambling world works for the successful.
Hahah I voted no bc you would have blown your brains out if you had to!
I am a literal legend of gambling, ask me anything. Quote
11-15-2023 , 09:16 PM
Quote:
Originally Posted by limon
agreed, as long as its on topic and not personal attacks Im all for anyones input.
Early in the thread I answered a question directed at you and afterwards thought maybe I shouldn't have done that.

It wasn't a personal question about you that I answered about myself or anything like that just a general poker question but still.. they wanted your opinion not mine.
I am a literal legend of gambling, ask me anything. Quote
11-15-2023 , 09:51 PM
What's the biggest hissy fit you've ever seen at the table? And why do people get so emotional, anyways?
I am a literal legend of gambling, ask me anything. Quote
11-15-2023 , 10:08 PM
Quote:
Originally Posted by limon
I’ve made money in the market, real estate and a big score on crypto. Of course all the seed money for those ventures came from “gambling world” income.
It literally blew my mind when I learned that at his peak, Haralbob was worth a billion with crypto. It made me rethink what Micon's net worth must be (at peak, hundred of millions?).

If you have been somewhat negative about crypto in this thread, what caused the big crypto score? Any stories about other poker players or gamblers, initially using crypto as an efficient money transfer, suddenly getting super rich?
I am a literal legend of gambling, ask me anything. Quote
11-15-2023 , 10:54 PM
borg23 is one of the few good posters on here. leave his replies alone people.

Live NLH vs PLO variance: how much more is it? 2x? 4x? Say you're a big longtime winner in Vegas 5/TNLH and just don't want to **** with private game/running a game politics. You value showing up whenever you want and being away for months at a time, because your main interests are outside poker. what's the play to maximize your ev looking at the rectangles?
I am a literal legend of gambling, ask me anything. Quote
11-15-2023 , 11:22 PM
Quote:
Originally Posted by Gzesh
....hire him to do what for you ?
Alright Lefevre, time to put your money where your mouth is. Let's kick things up a notch.
I am a literal legend of gambling, ask me anything. Quote
11-15-2023 , 11:29 PM
We have a NL game with a $5 small blind, $10 big blind and a $20 straddle. If I want to raise, what is the minimum raise? $30 or $40?

Google says $30 (see below):

"In a no-limit game if any other player wants to make a raise with a straddle on board, the minimum raise will be the difference between the big blind and the straddle. Example: small blind is at 5, big blind is 10 then a straddle would cost 20."

I hear arguments on both sides, but does anyone know where I can read and print an official rule, other than off google?
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 12:15 AM
Quote:
Originally Posted by lwlee
It literally blew my mind when I learned that at his peak, Haralbob was worth a billion with crypto. It made me rethink what Micon's net worth must be (at peak, hundred of millions?).

If you have been somewhat negative about crypto in this thread, what caused the big crypto score? Any stories about other poker players or gamblers, initially using crypto as an efficient money transfer, suddenly getting super rich?
the majority (maybe all) of alt coin crypto is ponzi coin scams. pump and dump rug pull crime. maybe some dude who made "file coin" , XRP or whatever didn't think it was a great ponzi scheme at first but it ended up as such. bitcoin is an untenable deflationary pointless piece of **** but at least it can be used for crime! the crypto world is a den of thieves and scam artists even worse than the poker world (and i was saying all this DOCUMENTED while making bank off of it!!!).

THAT SAID, there was no reason not to try to make money off the idiot true believers pouring money into that **** (the same could be said for GameStop etc). At one point i was taking payments for certain bets in bitcoin so i ended up with a bunch of them when they were like 1500-2000 a coin. I also had strategies for making money off bubbles which was basically buy a bunch of ponzi errrr ...alt-coins (I prob had 20 different coins) and take YES for an answer when they popped.

I knew they were all scams so once i had a 3 bagger i put a super short leash on them. some sold and then went 10x after who cares, some got a full 10x, (or much more in the case of MANA) a couple never popped. Being an investor for years in "tradfi" made me keenly aware that a double up in a few months was very rare, a 5 bagger was once a decade and a 10 bagger was once in a liftime stuff over a under a year timeline. this **** was happening monthly in crypto and complete morons thought it was the "new normal" and riding these wins all the way down because they thought getting 5x was tiny and wanted some 1000x "moon" hit. the true believer idiots would "buy the dip" and let people like me get out when it should have been impossible while the knives were falling.

Last edited by limon; 11-16-2023 at 12:21 AM.
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 12:20 AM
Quote:
Originally Posted by OolongKing

Live NLH vs PLO variance: how much more is it? 2x? 4x? Say you're a big longtime winner in Vegas 5/TNLH and just don't want to **** with private game/running a game politics. You value showing up whenever you want and being away for months at a time, because your main interests are outside poker. what's the play to maximize your ev looking at the rectangles?
im not sure how much higher it is ,it is much higher though but a lot of that depends on how aggro the game is, how ago your style is, how deep the game is etc. you should always just play in the best game in your area, that will change often. in a month i might play half a dozen different types of poker. the best thing i can see at the casino is a game that NEVER runs. 100% its going to be great. if i walk in and $100-200 razz is going tomorrow its gonna be the best game in LA guaranteed. thats why you should play everything.
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 12:40 AM
Quote:
Originally Posted by zedsdead
Lmao. Vinny? At Foxwoods I believe?
this happened at commerce like 14 years ago or something. i haven't seen the dude again, maybe he died.
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 01:14 AM
Quote:
Originally Posted by limon
this happened at commerce like 14 years ago or something. i haven't seen the dude again, maybe he died.
That’s funny. A guy at Foxwoods in CT did the same thing like 10 years ago. Figured u had to be talking about him haha. Maybe the person who offered the bet at Foxwoods heard about the guy your talking about
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 01:44 AM
Quote:
Originally Posted by limon
the majority (maybe all) of alt coin crypto is ponzi coin scams. pump and dump rug pull crime. maybe some dude who made "file coin" , XRP or whatever didn't think it was a great ponzi scheme at first but it ended up as such. bitcoin is an untenable deflationary pointless piece of **** but at least it can be used for crime! the crypto world is a den of thieves and scam artists even worse than the poker world (and i was saying all this DOCUMENTED while making bank off of it!!!).

THAT SAID, there was no reason not to try to make money off the idiot true believers pouring money into that **** (the same could be said for GameStop etc). At one point i was taking payments for certain bets in bitcoin so i ended up with a bunch of them when they were like 1500-2000 a coin. I also had strategies for making money off bubbles which was basically buy a bunch of ponzi errrr ...alt-coins (I prob had 20 different coins) and take YES for an answer when they popped.

I knew they were all scams so once i had a 3 bagger i put a super short leash on them. some sold and then went 10x after who cares, some got a full 10x, (or much more in the case of MANA) a couple never popped. Being an investor for years in "tradfi" made me keenly aware that a double up in a few months was very rare, a 5 bagger was once a decade and a 10 bagger was once in a liftime stuff over a under a year timeline. this **** was happening monthly in crypto and complete morons thought it was the "new normal" and riding these wins all the way down because they thought getting 5x was tiny and wanted some 1000x "moon" hit. the true believer idiots would "buy the dip" and let people like me get out when it should have been impossible while the knives were falling.
Right, it's still fugazy. It's been like 15 years and what has been the real utility of crypto? BTC has been proven to be WAY too slow for transaction processing. The best that ETH could do with its programmable coins was NFTs, stupid monkey jpegs. Some crypto people came up with a devious plan to force crypto adoption by inventing a new must-have technology called Web3. Lots of mumble jumble about liberating the individual users from the big corporate techs who control the existing Internet. But it's actually a ploy to rebuild the Internet infrastructure using blockchain thereby justifying crypto's valuation.

With that said, even tho SBF has now been convicted and will probably be locked up for the rest of his life, he may have come closest to legitimizing crypto, if only he had better risk management. At FTX height, they had fostered a incredible amount of good value and trust. They invented their own cryptocurrency, FTT. The token was linked to FTX's profitability. In much the same way, the US govt can print unlimited amount of dollars due to the trust that the rest of world had in its economy, FTX could have continued to print FTT if only they were able to maintain the trust the rest of the world had in it before the downfall. FTX was very profitable just taking in the rake err wide bid/ask spread from crypto trading. If they had just managed their finances better, the future for them would have been a lot different. The main downfall for FTX was that SBF was Rainman (80s movie), in the end, Tom Cruise had to send Rainman away because he couldn't take care of himself.
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 04:26 AM
Quote:
Originally Posted by tguirlando
We have a NL game with a $5 small blind, $10 big blind and a $20 straddle. If I want to raise, what is the minimum raise? $30 or $40?

Google says $30 (see below):

"In a no-limit game if any other player wants to make a raise with a straddle on board, the minimum raise will be the difference between the big blind and the straddle. Example: small blind is at 5, big blind is 10 then a straddle would cost 20."

I hear arguments on both sides, but does anyone know where I can read and print an official rule, other than off google?
Ok I said I was done but the correct and only answer is who gives a ****.

A 5/10/20 game should have like 50k on the table.


Don't hold up the game for 10 dollars.

If most people say 30 it's 30 if they say 40 it's 40.

If the fun players are rolling their eyes and just want to play and you're holding up the game over this just kill yourself.

Lose the mindset over arguing over chicken ****. When the guy next to you is stuck 15k and his 20 dollar food order comes when he's in a hand and you're not just pay for his ****ing food.

The official answer is every casino is different.
The answer that matters is don't be that guy.

Also if Limon tells me I'm wrong or to leave the thread I'm gone.

Last edited by borg23; 11-16-2023 at 04:40 AM.
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 05:20 AM
So did robbi cheat or what
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 06:57 AM
How much to never post on 2+2 again?
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 09:38 AM
Quote:
Originally Posted by limon
Well you will never go busto if you’re playing with your discretionary income and if you have cash flow you don’t need or want a bankroll.

Everyone sun runs sooner or later. Ask the biggest busto fish in your casino about the biggest they ever played or their best run and they will all be legendary. I’ve seen Eritrean Gary sitting 100k deep at 400-800 mix then begging for a $50 buy in to the nooner. Same with young man.

You enjoy your little hobby and don’t waste your life on it. You’ll never get the hours back you waste grinding micro stakes rake traps. Once you sun run then you can make a real business plan if you like or even better just invest it and keep doing what you were doing.
So basically dont treat poker as a job but as a hobby, and dont try to run your inevitable sunrun up to even higher games where you are going to lose it back, but invest the money instead whenever you get a sunrun. I agree with you btw, just wanted to hear you expand a little bit. Poker as a job is a waste of time.
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 09:47 AM
Quote:
Originally Posted by Koshko
So did robbi cheat or what
Answered already, page one, post 12.

Spoiler:
Nope.
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 10:37 AM
Quote:
Originally Posted by lwlee
... If they had just managed their finances better, the future for them would have been a lot different.
Didnt bother to quote all of it but lol at your post.

The entire thing was a useless ponzi scheme, there was no real profitability and no way to "manage their finances better". They had no product outside of the ponzi scheme they were running and it was coming crashing down eventually. Just because they were so brazen it happened quickly but it was inevitable. Check out Allan Stanford for an example of what happens when someone runs a ponzi scheme more carefully.
Spoiler:
it crashes eventually
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 10:53 AM
Quote:
Originally Posted by Kebabkungen
Didnt bother to quote all of it but lol at your post.

The entire thing was a useless ponzi scheme, there was no real profitability and no way to "manage their finances better". They had no product outside of the ponzi scheme they were running and it was coming crashing down eventually. Just because they were so brazen it happened quickly but it was inevitable. Check out Allan Stanford for an example of what happens when someone runs a ponzi scheme more carefully. it crashes eventually
That would be incorrect. Read Michael Lewis's book Going Infinite. He lucked out having a front row seat for 2 years following SBF/FTX on their roller coaster ride. Insiders who worked directly for SBF were shocked that they were out of money. They were very profitable being the house. They had the ability to PRINT money aka FTT. That in itself has an incredible amount of power. My analogy to the US dollar is not far off. ETH, BTC, FTT are all based off the trust of the people who buy/sell them, just like the US dollar. If the US falters in its world trust, the US economy will dump just like FTT.

SBF downfall was complete lack of any risk management and a delusional reckless need to use OPM for his lofty effective altruism. For F sake, build a successful stable business first, before thinking you can save the world.

I know a ton of crypto people are pissed at SBF and want to see blood due to how much they lost and how much damage he did to crypto but need to see the full scope of what he did. Pure ponzi schemes have zero ability to generate new money, what SBF/FTX did was different, tho the lazy approach is to think it was a ponzi.

Last edited by lwlee; 11-16-2023 at 10:58 AM. Reason: new thoughts
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 11:10 AM
Quote:
Originally Posted by Kebabkungen
Didnt bother to quote all of it but lol at your post.

The entire thing was a useless ponzi scheme, there was no real profitability and no way to "manage their finances better". They had no product outside of the ponzi scheme they were running and it was coming crashing down eventually. Just because they were so brazen it happened quickly but it was inevitable. Check out Allan Stanford for an example of what happens when someone runs a ponzi scheme more carefully.
Spoiler:
it crashes eventually
Not a ponzi scheme by definition. FTX was a real business with real (massive) profits. What they got in trouble for was misusing those profits for other investments (cross contamination of businesses) and extravagant personal spending.

Ponzi schemes do not have actual large profits, but cook to books to make it look like they do, and pay off old investors with new investor money.

Ponzis do inevitably collapse, but FTX could easily have continued existing on their real business model had they not engaged in absurd shenanigans.
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 12:44 PM
Quote:
Originally Posted by zedsdead
That’s funny. A guy at Foxwoods in CT did the same thing like 10 years ago. Figured u had to be talking about him haha. Maybe the person who offered the bet at Foxwoods heard about the guy your talking about
thanks my guess. ive heard about it several times since then. i have several weird bets ive done over the years that have become common place now. everyone does my WSOP prop now after laughing about it when i first offered it a decade ago.
I am a literal legend of gambling, ask me anything. Quote
11-16-2023 , 12:48 PM
Quote:
Originally Posted by lwlee
Right, it's still fugazy. It's been like 15 years and what has been the real utility of crypto? BTC has been proven to be WAY too slow for transaction processing. The best that ETH could do with its programmable coins was NFTs, stupid monkey jpegs. Some crypto people came up with a devious plan to force crypto adoption by inventing a new must-have technology called Web3. Lots of mumble jumble about liberating the individual users from the big corporate techs who control the existing Internet. But it's actually a ploy to rebuild the Internet infrastructure using blockchain thereby justifying crypto's valuation.

With that said, even tho SBF has now been convicted and will probably be locked up for the rest of his life, he may have come closest to legitimizing crypto, if only he had better risk management. At FTX height, they had fostered a incredible amount of good value and trust. They invented their own cryptocurrency, FTT. The token was linked to FTX's profitability. In much the same way, the US govt can print unlimited amount of dollars due to the trust that the rest of world had in its economy, FTX could have continued to print FTT if only they were able to maintain the trust the rest of the world had in it before the downfall. FTX was very profitable just taking in the rake err wide bid/ask spread from crypto trading. If they had just managed their finances better, the future for them would have been a lot different. The main downfall for FTX was that SBF was Rainman (80s movie), in the end, Tom Cruise had to send Rainman away because he couldn't take care of himself.
The world doesn't just trust the US it fears the US. The american dollar is backed by the full faith and credit of the US government, its also backed by the full nuclear arsenal of the US government (a government by and for the people).
I am a literal legend of gambling, ask me anything. Quote

      
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