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Pokercast Episode 310 - Phil Galfond, Joe Tall and the iGaming North America Conference Pokercast Episode 310 - Phil Galfond, Joe Tall and the iGaming North America Conference

03-28-2014 , 08:21 PM
One of the most interesting episodes, fascinating to listen to the info from the conference in Las Vegas this past week.

Why not interview Marco from Quad Jacks as he really has the most up to date info regarding internet gambling.

Thanks again Guys, great episode
03-28-2014 , 10:59 PM
That was fun to listen too. 2nd best of year. Previous poster obviously forgot about the Phil Ivey episode which so far is the best of the year.

Big fan of Joe, enjoyed his old podcast. Hopefully he has slowed down on the wine since then. His sense of humor didn't come thru as much on this interview, but always enjoyed his style and humor.

Only thing that bothered me was when talking about how everyone has their piece in the online horse racing. If I remember correctly the huge rake for the betting was mentioned in relation to this (I think 18% was mentioned) and it was not seen as a problem. We'll if it's unbeatable and people are still playing is that an issue? I think so as it hurts the long term sustainability. Just concerned about translating that to future online poker rake in American online poker. Hopefully competition takes care of this but hope their is a focus on making the game beatable for those who work at it.

And Adam, seriously you had to mention that story of drinking the 'juice'. His girlfriend is cool as hell for not running away after that.
03-28-2014 , 11:23 PM
Quote:
Originally Posted by Spurr
and debt free I presume?
No. Just water free.

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03-28-2014 , 11:26 PM
Quote:
Originally Posted by Spurr
The hot streak continues!! another great show IMO.

I disagree with the chap who said that having Farah was irrelevant. she clearly knew her stuff and even so the occasional comments and laugher gave the show a real hangout feel that as a listener I enjoy.

finally what odds can I get on next weeks intro being a submitted reference to the pee bottle incident?
+1
Loved the show. Thought Farah was a fun twist.

You guys tried to talk Barry G into putting his girlfriend on once but she wouldn't go for it.

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03-29-2014 , 04:42 AM
Quote:
Originally Posted by bellatrix
I really disagree with Joe that a HU O8 limit game can have more variance than a NL game (HU or 6max, with FR maybe). From culling data 2 years ago I found that numbers for 6max O8 used to be around 13-14BB/100 (the split pot nature really offset the fact of the 4 cards). Now move to HU and from experience the variance roughly doubles, so you're entering 27BB/100 territory (no matter how many rivers you seem it is very hard for a limit game to go much beyond 30BB/100). Considering 6max NL at small stakes we are around 30BB/100. High stakes 6max NL is much larger due to the more aggressive nature. That was the mathematical sense of variance.

What Joe probably meant is that the edges become quite small HU in O8 as opposed to other games, you get to bound to the pot and go to showdown more often where it's not your skill that rules, but the luck of the draw. So small edges and a 27BB/100 variance make it quite likely that you will lose some (not much, but more often) and don't win much either. The poker player sees that as increased variance, the graph looks messy, even though the mathematical variance is lower. The HU NL player sees a smooth graph if the edge is high, since he's far away from the y-axis of loss, even though his variance is so much higher. That is the poker player's definition of variance - how often do I lose?
a Bellatrix sighting...always a pleasant addition to this forum

As for Joe Tall...hmmm....I like Joe but once a year is definitely enough. How many times did I hear MJ dozing during Joe's various wanderings???
03-29-2014 , 05:04 AM
I'm still reeling from the revelation that Joe Tall isn't called Joe Tall
03-29-2014 , 09:56 AM
far far the best show of the year, i really liked the guests during the whole show!
03-29-2014 , 07:50 PM
Quote:
Originally Posted by thebidster
That was fun to listen too. 2nd best of year. Previous poster obviously forgot about the Phil Ivey episode which so far is the best of the year.

Big fan of Joe, enjoyed his old podcast. Hopefully he has slowed down on the wine since then. His sense of humor didn't come thru as much on this interview, but always enjoyed his style and humor.
I have and thanks!

Quote:
Only thing that bothered me was when talking about how everyone has their piece in the online horse racing. If I remember correctly the huge rake for the betting was mentioned in relation to this (I think 18% was mentioned) and it was not seen as a problem. We'll if it's unbeatable and people are still playing is that an issue? I think so as it hurts the long term sustainability. Just concerned about translating that to future online poker rake in American online poker. Hopefully competition takes care of this but hope their is a focus on making the game beatable for those who work at it.
You will not have to worry about poker, the horse racing industry carries extreme overhead costs and as you can imagine, this is quite different than online poker.

My point was more that there is a 3.5 billion/yr online wagering industry, regulated, legal, paying taxes, with many groups very happy, in the US, across state lines, and no one knows or ever hears about it.

So not only can regulation work for iGaming, specifically iPoker, its already happening.
03-29-2014 , 07:53 PM
Quote:
Originally Posted by lemmyisgod
a Bellatrix sighting...always a pleasant addition to this forum

As for Joe Tall...hmmm....I like Joe but once a year is definitely enough. How many times did I hear MJ dozing during Joe's various wanderings???
My segment was last and I had about 4 beers by then! I did have to lean to my computer and check my notes a few times, I'm not about to quote anything without the facts in front of me. Hope you enjoyed it other wise.

Take care,
Joe
03-29-2014 , 07:54 PM
Quote:
Originally Posted by kokiri
I'm still reeling from the revelation that Joe Tall isn't called Joe Tall
Well if it helps, my friends call my wife Mrs Tall. So, while its not the name on my passport, its pretty much been my name since I was 6'5" at age 16.
03-30-2014 , 12:48 AM
Quote:
Originally Posted by Joe Tall
My point was more that there is a 3.5 billion/yr online wagering industry, regulated, legal, paying taxes, with many groups very happy, in the US, across state lines, and no one knows or ever hears about it.

So not only can regulation work for iGaming, specifically iPoker, its already happening.
But there are fundamental differences in the types of bets and the games being wagered on.

Horse racing has the live component of the event that you are wagering on. A company takes the wager and pays out on the results of the race run.

Online poker [and other games] rely first and foremost on random number generators which can easily be flawed by accident or on purpose. Then you have the game itself, poker, being played between competitors. There are multiple ways that players can collude outside of the software itself. You have to consider the security of the software. The owners/admins of sites have multiple potential ways to cheat. The communication between the user and site. Then we have to trust the sites to pay out and to pay out promptly. Then we have to enforce age limits for the players. How do you prove that Bob's account is being played by Bob and not his under age child who 'borrowed' the ID and credit card to set up the account (or even when Bob allows his child to play)? This is something that B&M locations still can't do 100% of the time. Or that someone isn't buying identities to create account(s) and creating a pool of players?

We've seen regulated companies fail at most of these things at one time or another already.
03-31-2014 , 12:05 AM
Quote:
Originally Posted by cf410
But there are fundamental differences in the types of bets and the games being wagered on.

Horse racing has the live component of the event that you are wagering on. A company takes the wager and pays out on the results of the race run.

Online poker [and other games] rely first and foremost on random number generators which can easily be flawed by accident or on purpose. Then you have the game itself, poker, being played between competitors. There are multiple ways that players can collude outside of the software itself. You have to consider the security of the software. The owners/admins of sites have multiple potential ways to cheat. The communication between the user and site. Then we have to trust the sites to pay out and to pay out promptly. Then we have to enforce age limits for the players. How do you prove that Bob's account is being played by Bob and not his under age child who 'borrowed' the ID and credit card to set up the account (or even when Bob allows his child to play)? This is something that B&M locations still can't do 100% of the time. Or that someone isn't buying identities to create account(s) and creating a pool of players?

We've seen regulated companies fail at most of these things at one time or another already.
All these challenges exist (to an extent) and have been overcome by the ADW (Advance Deposit Wagering) industry.
03-31-2014 , 01:34 AM
Farrah for co-host... Female voice would be a strong add...

Just my opinion...
03-31-2014 , 04:13 PM
Great episode! I found the discussion on Sheldon Adelson very interesting. I actually saw a story on fridays MSNBC Rachel Maddow show about Adelson. It was a good piece about Adelson and his anti internet gaming stances. Some main stream media cover this but not enough. I hope those two bills in congress get squashed!
04-01-2014 , 07:10 AM
Help a brotha out. I can't find the "Bump" thread in low limit PLO by Skervjoy?
04-01-2014 , 08:16 AM
Great show guys, really ejoyed it! It would be hard to go wrong with such great guests and having them in studio made it even better!

You 're on a hot streak!
04-01-2014 , 09:30 AM
Quote:
Originally Posted by predator06
Help a brotha out. I can't find the "Bump" thread in low limit PLO by Skervjoy?


Quote:
Originally Posted by BigWhale
Quote:
Originally Posted by MrSawyer
Can someone please link the "Ten Steps to Becoming a Better Poker Player..." or whatever it's called thread. I'm bad at the internet.
Here you go: http://forumserver.twoplustwo.com/38...layer-1383808/
04-01-2014 , 06:09 PM
Saw this post and it made me think of the pokercast

In Canada, even the robbers are polite.
04-01-2014 , 10:42 PM
It says file not found when I try to listen to this through 2+2 and won't let me download it separately either.
04-02-2014 , 08:02 AM
Quote:
Originally Posted by iPlayPLOhigh
It says file not found when I try to listen to this through 2+2 and won't let me download it separately either.
Can you try with a browser other than Chrome?
04-02-2014 , 11:48 AM
Phils girlfriend was on days of our lives? lol
04-02-2014 , 12:47 PM
Quote:
Originally Posted by kingofcool
Phils girlfriend was on days of our lives? lol
among others

http://en.wikipedia.org/wiki/Farah_Fath
04-02-2014 , 02:21 PM
episode 311 has dropped

just change the download link from 310 to 311
04-02-2014 , 07:16 PM
Fantastic show guys.

Great guests, great format.

Enjoyed every minute....apart from Adam's piss drinking incident.
04-02-2014 , 08:24 PM
Just finished listening. It's depressing to hear the state of poker in the US.

Funniest moment. Finally a female in the studio, Adam confesses to world he took a swig from the pee bottle.

Great show & guests.

      
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