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Old 06-27-2018, 11:04 PM   #1
PokercastRoss
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Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

Episode #498 - June 27th, 2018

On this episode of the Pokercast - Phil Hellmuth sold a WSOP package on a staking site, but was the price right? Also, a couple make it down to the final 3 in a $5k tournament at the Venetian and a ton of ethics questions arise. To begin, Terrence is down in Vegas and gives us a live update of his WSOP then we get into the news:
Our top stories this week have sparked a lot of debate recently. Phil Hellmuth sold shares to a WSOP Turbo event at 1.8/1 and people were very upset, but was the outrage justified? Plus Alex Foxen and Kristen Bicknell, who are a couple, get three handed in the MSPT $5k event at the Venetian with a lot of money on the line at a televised final table. Some soft play and collusion was alleged from the poker world and we break down the hand in question. We’ve also got some WSOP updates and notable bracelet winners from the last couple weeks of action. In 140 or less there are some amazing WSOP and World Cup tweets. In the Mailbag questions include what to do with your bankroll when it’s not in action, a defender of LA cash game etiquette and we end with a hand Adam played.

Here's a $10 off coupon for Pokercast listeners for many of the courses at Upswing Poker!
https://www.upswingpoker.com/pokercast-promo/

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Old 06-27-2018, 11:38 PM   #2
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

Yay
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Old 06-27-2018, 11:56 PM   #3
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

Not dead, yet!
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Old 06-28-2018, 12:25 AM   #4
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

Poh Dee Um
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Old 06-28-2018, 01:42 AM   #5
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

yummy
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Old 06-28-2018, 11:27 AM   #6
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

I did not get Terrence's logic when it comes to judging what is ethical. He said how can it be unethical when Phil truly believes he is worth the offered price.
So if a slave master truly believes that slavery is a good thing than it isn't unethical? I know, a bit of an extreme example but it makes clear that ethical bahvior should not be based on the subjects personal beliefs...
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Old 06-29-2018, 12:50 AM   #7
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

Terrence's intuition on the Poker Players Championship was pretty good. I ran 500,000 trials of a sim with 100-player fields with each equally skilled player entering every year for 13 years. About 26% of the time there was at least one three-time winner after 13 tourneys. I think T guessed 30%.
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Old 06-29-2018, 02:40 PM   #8
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

Quote:
Originally Posted by STinLA View Post
Terrence's intuition on the Poker Players Championship was pretty good. I ran 500,000 trials of a sim with 100-player fields with each equally skilled player entering every year for 13 years. About 26% of the time there was at least one three-time winner after 13 tourneys. I think T guessed 30%.
That seemed high to me, but still an incredible accomplishment.
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Old 06-29-2018, 02:47 PM   #9
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

I am so on Terrence's side on the Hellmuth staking discussion. So what if a $20 stake is only worth $12 or even $6. It gives the person a rooting interest, and a chance at a nice little score. His analogy of the football team at -110 is perfect.

I do believe Phil knows he is not worth that much; if he was he would be able to sell it in one chunk to a regular backer. These staking sites are for exactly the opposite reason. For pros who have a name to sell, this is what they have earned; free EV.
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Old 06-29-2018, 04:31 PM   #10
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

Regarding Scotty Nguyen, someone posted this from the Rio back hallways somewhere:
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Old 06-30-2018, 11:55 PM   #11
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

Adam, on your PLO hand, you said you had KK54 double suited. Then you said on the K turn you picked up a backdoor flush draw. Pretty confident one of those statements is false.

This also means I'm already done with the episode!
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Old 07-01-2018, 09:06 PM   #12
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

Line of number of listeners who got the Silence of the Lambs reference: uh, 1.5 obv
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Old 07-01-2018, 11:59 PM   #13
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

I got it. So the over already achieved. Adam kept talking over it.
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Old 07-02-2018, 05:31 PM   #14
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

yeah I got it too
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Old 07-03-2018, 10:27 AM   #15
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

Quote:
Originally Posted by that_pope View Post
Adam, on your PLO hand, you said you had KK54 double suited. Then you said on the K turn you picked up a backdoor flush draw. Pretty confident one of those statements is false.

This also means I'm already done with the episode!
Yup, I noticed that, too.
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Old 07-03-2018, 12:22 PM   #16
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

I was listening to an old episode of Thinking Poker Podcast and Christian Soto was describing a hand and he said the flop was KKK rainbow and they both started giggling about how it was redundant to say rainbow.
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Old 07-03-2018, 05:49 PM   #17
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

Quote:
Originally Posted by that_pope View Post
Adam, on your PLO hand, you said you had KK54 double suited. Then you said on the K turn you picked up a backdoor flush draw. Pretty confident one of those statements is false.
I just assumed this happened in a Rio cash game.
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Old 07-03-2018, 08:44 PM   #18
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Re: Pokercast 498 - Hellmuth Charges Too Much Markup, MSPT Venetian Final Table Controversy

<3
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