Gambler's Ruin & The Gambler's Fallacy-- Strat Chat Tues | Only Friends Pod Ep 193 | w/Matt Berkey

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Join Matt Berkey, Christian Soto, Landon Tice and the rest of the Solve for Why team as they discuss the big topics within the poker community as well as current events and strategy.

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Special Photo Credit to Antonio Ambrego, Alec Rome & Hayley Hochstetler

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00:00 Countdown
04:59 Introduction 
07:46 Overview of today’s show 
08:45 Teaser of new episode out on S4Y 
09:53 February Poker Out Loud Academy 
10:40 Henry’s hand history from 5/5 PLO 
14:45 How to go about handling multiway all-ins in cash
19:09 How to handle people who do not exactly understand the “rules” 
24:35 Soft skills in live poker 
29:05 What should the floor do in this situation? 
31:00 Discussing integrity within poker 
34:45 Negotiation tactics within live poker 
40:30 Collusion vs. angling in poker
46:05 What happened with Bills player Damar Hamlin? 
48:09 Clip of similar injury in hockey some years ago 
50:18 How will the NFL respond and how will games be affected? 
52:02 Soft skills in poker off of the felt 
53:17 Discussing Gambler’s Fallacy
58:13 Breaking down Gambler’s Ruin and how it relates to win rate 
1:03:00 Discussing bankroll and risk
1:04:10 Berkey’s Live at the Bike situation and how it relates to bankroll management 
1:13:10 Tweet thread on having limited resources in a game of edge and how it relates to David vs. Goliath  
1:20:23 What risks are worth taking? 
1:24:35 Discussion on inability to project the future and how it can be detrimental 
1:30:50 Berkey talks about the Ivey’s Room games and the risks taken
1:34:20 What is “fuck you” rich and how is it attainable?
1:37:50 What is life on hard mode? 
1:42:23 Closing thoughts