Guess which high stakes pro sells action

Damn not gonna lie Seth been on a roll with these clips ! Keep working brother !

Thanks Pete 👊

This is your best video. Period. Concise and so well written. Keep up the great work!!

Thanks Paul 👊

Look at insurance companies. They probably understand risk management better than any other field are constantly “selling action,” “swapping pieces” and investing in other places including investing in things that are not impacted by markets

i thought a ghost was gonna jump out there at the start!

Very well put

Exactly!

Just buy btc its a lot easier.

I don’t understand the why. Like if you only have $25,000 of yourself, why not just play a $25,000 tournament? You’re probably going against lesser players in that scenario. And with so much scams in Poker, I don’t get why the backers take this risk.

If you have $25k to risk and there is both a $25k buyin and a $50k buyin on the same day, then sure, it’s probably better to play the $25k buyin

If say u only have 50% of yourself in a $100k, why don't u jus play a $50k instead where u have all of ur own action? Ive always been curious about this. I get mitigating risk & money management, but its not like a cheaper tourney doesnt exist to eliminate the need for a backer

You will almost never find tournaments of similar stakes on the same day. If you have $50k to risk in a tournament your options that day will be something like take 50% of a 100k or take all of a 10k. Then later that week there will be a 50k you can take 100% in. Options for what tourneys to play are limited by the schedule

Fund managers do risk 20 percent of a portfolio on one trade sometimes. But as you said it’s no 20 percent of their networth at risk

Almost all of them

So the question is how do you sell and get the backers to enable your movement up the stake?

Ivey

So much room for shenanigans especially in a cash game setting. Player swaps a big piece with someone in a cash game but they are also staked in the game. They can now lose on purpose and still collect from player they swapped with.

Thanks for pointing out the biggest problem in poker Big difference playing with your own money Only one person knows that DNEG, Daniel told me he’s never sold a piece of himself

That’s great. He’s always had an enormous ambassador salary coming in and never had to rely on his poker profit too much survive. Props to him, he’s a great ambassador. Most aren’t in that scenario

Great, another scam, here comes another Black Friday thanks to you Seth!

Well that takes all the interest away.

Risk management 101.

Scalability is limitless with trading and investing thats why hedge funds exist. Theres no hedge funds for poker because the ceiling is capped. If someone has enough bankroll theres no need to do any group funding because theres not enough market cap in poker to make it worth it

Yep, you’re right. And people that have that caliber of net worth have not made their money from poker. Props to them but I’m a pro poker player who’s never done anything else for a living.