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Ee und ich hoffe es geht ihm gut und wir haben uns auch dabei und es ist ein bisschen was zu machen und ich hoffe es geht euch gut und wir haben uns sehr gefreut das es ist ein bisschen was zu tun und ich hoffe es geht euch gut und du hast auch noch nicht da ist ein
Ee und ich hoffe es geht ihm gut und wir haben uns auch dabei und es ist ein bisschen was zu machen und ich hoffe es geht euch gut und wir haben uns sehr gefreut das du hast auch ein schönes Wochenende euch allen gut und wir haben die lieben Worte und
Absolutely relatable to a lot of us I’m guessing, couldn’t live with the fact that there was a missing piece he could find if he tried, finding out why,how he was losing to them, knowing their weakness and figuring out how to exploit it, two understandings, Andy’s, and the pros.
@@PokerBounty you GOTTA BE KIDDING 😂 Amarillo slim, the partner of Brunson and Roberts said, YOU CAN SHEAR A SHEEP MANY A TIME BUT SKIN HIM ONLY ONCE. Chip Reece is one of the best cash game players ever and he knew how to lose. Brunson masterminds it all. AMATEURS USE STATISTICS PROS USE ECONOMICS, we ain't even discussing comps, whew. The only test would have been against UNGER if he was high enough not to care about anything but the game. Do an investigative journalist expose!!!
Pretty crazy that he did that well against multiple people who were each rested up and experts . He was his own worst enemy but he kicked ass while he was thinking clear . Imagine if he had teammates like Dwan and Daniel or other greats on his team so he could rest .
No doubt his logic worked . But one thing let’s not take away . His bankroll was the biggest bluffer . Even the biggest gambling degens get nervous still pro or not. Ivy didn’t wNt any smoke At 120k blinds at first
It's probably more to do with the fact the people he was playing against would have been able to discuss strategy at great length with each other. It's evident as they all seemed to improve their game against him over time.
@@Mark-sm5eqTodd's highly overrated imo, i feel like a lot of his money was won because people who feared his dad assumed all that knowledge had been passed on and retained by Todd. Much like that best friend of the toughest guy at your high school or town, who rarely had to back up their shit talkin cuz the real tough guy is standing behind him. Sometimes figuratively and sometimes literally. Either way u knew there would be consequences for anyone who even looked sideways at him let alone deliver sn ass whoopin
@jeffrogers3876 that occurred to me actually, deep in the cracks of my my mind. However, just the sheer amount of volume at high stakes cannot be ignored at least in the 2000s by Todd.
A dealer at my local casino actually was one of the people who dealt at this game. He told a story where Todd Brunson showed up 5 minutes late for one of their matches, and when he arrived, Beal told him that they weren’t playing today, and to show up on time tomorrow. Beal apparently enjoyed playing mind games like with the pros to throw them off their game.
Enjoyed the piece...One interesting note I read in the book but didn't hear here is that on all these trips back and forth between Vegas and Dallas, Beal always flew commercial!
I love watching videos like this. Filled with poker lore and all these stories that people talk about, but never know the true story. Great video. Also, money is basically fake when you're worth 7.8 billion. He could have been playing 10k/20k hands and it wouldn't make a dent in his bankroll.
Yo this is a great documentary of one of the most epic events in poker history that we know of! Thank you so kuch for putting this all together i remember learning all of this through random snippets on 2p2
imagine having a whole team of the best poker players sweating and losing against you. even if it were only 2/5 times, it's still an amazing achievement.
When he is a billionaire and also studied and analyzed the game, its easy - the money means nothing to him - 16 million? That's spare change for him so he can play without nerves at any stakes and just play what he considered the best play after analysing odds - it is not that hard.. But can he make it from 100$ to 1 million? No he will bust, because he is a gambler.
Absolute pack hunters. Loved to hear this story, if you read between the lines you get to learn about a group of people who are masters of more than just one game. Really cutthroat stuff, all without any bloodshed. So much respect to "the corporation"!
Very well done vid. I have read "The Professor, The Banker and the Suicide King" which is the best-written account of this amazing period of poker history and you nailed all the essential information. Incredible story. Sick amounts of money wagered for sure.
There is an entire book about this game; Beal realized a big part of poker was stakes so he ultimately raised the stakes so high he could break them in any given game because at that those stakes it can shake anyone’s game. The lesion is that a large part of poker is the stakes and how much money you have to keep your game stable.
It's a fascinating story about this now legendary poker match. ' The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time Book by Michael Craig.
There are more lessons, including the pros declining to play Beal in Texas. The Bellagio poker room was run by poker pro Bobby Baldwin, friend of Doyle & co. Yes, Beal wanted to raise the stakes, but the pros preferred to play Beal in ring games instead of heads up, as the pros have an edge as a group. It's unfounded to presume the pros only pooled their money (and split the winnings) that one time to play Beal heads up, and not in ring games (or tournaments) as a rule. The colloquial term for collusion in poker is "having a piece of each other's action".
@@xxxYYZxxx Beal wanted to play heads up. He knew that was his best chnace of winning. Nothing to do with collusion between pros at a multi player game. Having a piece of someones action is not collusion, it's very common for pros to sell a piece of their stake in a tournament or cash game. I've bought and sold action myself. If it was undeclared in a cash game then yes it would be collusion. Otherwise it's very standard. In this case the only way the pros could afford to play Beal was by pooling their money. IIRC there was something like $20 million on the table at one point.
@@dangermouse9348 You're just accepting the terms of the colluders. Just because they don't also admit to signaling hole cards doesn't mean they're not colluding. Admitting to "having a piece" is a deflection of the issue. It's like a baseball pitcher with sandpaper and Vaseline who claims he's just obsessive about personal hygiene and manicuring - only a home town fanboy shmook would fall for such a rouse. Why didn't the pros want to play heads up? The notion that Beal had a better chance to win heads up than vs a full table is absurd, unless the pros are colluding. Pros stand to make more vs. Beal heads up than with other pros at the table, unless the pros were .... colluding.
@@xxxYYZxxx HU poker is very different to full ring. It's FL so it's mathematical and Beal had run millions of simulated hands. Facing one player you only have to figure out what that player's habits are. You don't have to concentrate on what a bunch of other players are doing. You haven't a clue what you're talking about. Do you think the mafia are still running Vegas?
The irony I keep seeing in these comments with their so called “expert” opinions is hilarious given the simple fact that even if they were only slightly paying attention they would’ve immediately realized that all of these games were LIMIT hold ‘em. I remember hearing about these games during the time as I was playing a lot of poker but this was an excellent breakdown of this story and very well made. Thank you for your work and sharing.
If you see this as a maniacal billionaire learning poker, you missed the entire story. He's a top tier mathematician, not just a billionaire. He had a theory that risk tolerance was higher in the players, because they had experience.He wanted to see if they would play with the same fear amateurs would have at ricking large sums of money. He also tested the poker wisdom of the time, using his watch as a random decision aid, causing his behavior to be unpredictable , and many other things. He ran an experiment to prove out what was commonly held as gospel in the poker world of the time - lots of learning for all of poker after his work In some respects, he won - pro players could only face him AFTER pooling together. The core premise, pro vs an amateur psych difference was absolutely proven out
"In some respects, he won - pro players could only face him AFTER pooling together. The core premise, pro vs an amateur psych difference was absolutely proven out" The only thing this proved was that someone with an infinite bankroll could intimidate those without one.
And there are numerous poker players with math degrees, so his whole thing thinking he could learn what poker players don't was just hubris. it wasn't like his scheme was anything more than a poker version of a hedge fund anyways. Great as long as everything plays out how your data allowed you to predict it would, but the second what's happening isn't in the data, it's over.
If that was his only advantage, it appears that his decision was stupid. You should have a bigger advantage than that. The fact that they were multiple people gives them a huge advantage.
Ivey saved their asses, dudes a legend. But man heads up for this short of a sample size is so risky, either side could just run way above ev and destroy the other.
It seems as though Ivey saved them, but he was also the only one to be able to play him 3 consecutive days at the end of a long series. The same might have happened if Lederer was allowed to play him continuously.
@@bumpsy2358 The right shark having to be the greatest of all time to beat a businessman going against the absolute pros of poker for fun. Give the guy some credit.
@@Alex-tx2em That is correct, the right shark for a 16 million dollar Whale He was going to get beat it was just a matter of time. When you get a big fish on the hook, you don't just yank him in the boat, you let him flounder awhile wearing itself out thinking its going to get away. That is exactly what happened. Take this little tidbit of wisdom to heart, otherwise one day you too, will be the fish, and not know it. Its all about psychology, making a sucker believe that they have a chance. I only can give him credit for having 16 million to loose and not sweat it. So in a different field, he is the shark.
@@bumpsy2358 Oh so they lost on purpose all those years even though they refused to budge playing those high stakes after all those losses. They lost, it took the greatest poker player of all time to recoup what they had lost. You're giving them too much credit thinking they could risk losing a whale with that many losses. Phil is what saved them, my point is give the guy credit for being a newcomer and doing so well against the best. He came back because they geniunely lost, I agree in the beginning they had baited him, but to brush off all those losses as bait is hilarious revisionism.
@@Alex-tx2em Okay, LOL. I gave you some game for free, I did not get it for free, I had to pay. But it was well worth it! I have since never gotten busted at a poker table. If you play poker, and you cant spot the fish in the first half hour to 45 minutes, then you are the fish. Poker is not strictly mathmatics, that is what he thought. He wrote a program that he used to beat wallstreet, but his program could only do the math, it cant do the psychology. And that is the edge.
@@ianaguilar8090 Everyone knows that. He loves poker and is mediocre like all of us. He looks up to self made millionaires through gambling and wants to be that
@@christophersuswal9544 not everybody know that that’s why he became so famous I don’t think people would be as big as a fan of his if they knew he’s really a trust fund baby
@@ianaguilar8090 I try not to be to cynical but in general people are idiots who desperately look up to people after they watch a video and blatantly ignore the facts in front of them. Plus, it was a short term fad and those "fans" probably turned that back at this point. He was a pretty stereotypical case of short term fame and all of it's glory at first. Then comes the downfall and shame. The thing is Dan still isn't hurting! His life is just fine I feel bad for his old fans. They'll just latch on to the next story that they want to be and continue to be fanboys of various characters until they die. And that's all they'll ever be
Beal was undoubtedly an excellent player but the real test would be to put him in a poker tournament where everyone starts with the same # of chips, with no reloading permitted. He would lose badly to top players in this tournament format. The only thing that made him dangerous was that he could play absolutely fearlessly due to his bottomless wealth.
I just see this as a dude with way more money than the people he's playing. He's at no risk no matter what happens. He just has an ego issue and saw a game like poker as his best shot to beat professionals
@@TheChainChasers it gave him an edge against the best in the world and had only been playing for a short time. Mad respect for the dude, very impressive to get close to their level that quickly
@@martinwhalley3286 after he "wiped out," 10 lines of coke? I don't think so. Stu Ungar had a really bad drug addiction. Throughout his life story as a professional poker player he lacked the discipline to maintain a steady poker game. His highs and lows were like a roller coaster ride and he couldn't maintain true balance because of his lack of discipline, so there's no way that he could outplay Phil Ivey. Phil would sense this weakness out in Stu and use it against him. Stu would make desperation moves that Phil would easily capitalize on and use against him. With that being said, if Stu Ungar had not been mastered by drug addiction then his game could've been insurmountable and possibly even greater than Phil Ivey, but it wasn't.
I can respect Andy Beal, because I see the statician/mathematician in him at work. It certainly was an experiment, but also a test of his own wits/mathematical knowledge against pros.For an amature/newbie to challenge the all time greats and even beat them at all was amazing in itself.Further more they had to team up to bring him down. One by one, they wouldnt stand a chance. Also if beal was a pro they would stand a chance against him.They won because they do that full time.He was running a billion dollar business(which is a challenge in itself) and also playing world champions in the afternoons. Thats crazy. But as a Mathematician he should have known he wouldnt stand a chance agains these guy, but he certainly made them shake in their boots.
Even if Beal lost $10M in a single sitting, it was a rounding error in his bank accounts. He truly has an unlimited bankroll compared to the pros, he would have cleaned them out eventually.
$10M in cash is not a rounding error to anyone except perhaps the US Gov. most billionaires are billionaires through non liquid assets. $10M of liquid cash is a lot to everyone
and how did that work out against Lederer and Ivey? Even if you know the odds, you still got to play the hand and thats where the old-schoolers will out read you.
It's not hard at all to figure out limit holdem. It's really a straight pot-odds game. Exploitative play only goes so far. No-limit is far more complex; and involves much more implied odds and exploitation of the opponent.
I wonder why Andy felt the need to take on all,of Vegas by himself. I think his zeal and own ego was his downfall..he should have formed and anti -corporation to help him battle. Take the pressure off and be able to do some of the work so he could rest and relax . But a guy like Andy with his ego ,that would not be an option.
@@brucelee5576 oh for sure, even if he lost 50mio dollars, that would make it less than 1 measly percent of his entire net worth. For a regular person that's the equivalent of maybe losing a couple 1000$, a chunk of change surely but nothing life changing by any means
For Andy this was pocket change. He didn't care for the money, he wanted to prove his mathematical theory and it was alot of fun for him to challenge the best players.
wow, amazing story, i thought i was gonna see a fish going to a shark fest and asking what's for dinner, but he really turned out to be a formidable opponent... esp. when they get to change sharks every few hours...
He intimidated them with his money. They were playing with almost there whole life savings, he was playing with one days budget lol common sense would tell you that but it appears your lacking in that area.
the ironic thing is that none of these 'pros' can beat 200nl these days. just goes to show the level of so called 'pros' back then and how far the game has come.
I sat and chatted with Todd Brunson in 2013 and he told me about how he was preparing for play Andy Beal Hu for 5 million in a few weeks so I don’t think the story ended with Phil Ivey
Not DISPUTING that PI is great, however, I'll be you can find NO evidence of PI playing heads up LIMIT holdem before or since. So I'm not sure you have any leverage for your statement. HU Limit Cash games just DON'T exist outside of people's kitchen tables, and this silly match
@@sh0cktim3 Does it? When you can read your opponents' hands accurately enough to raise a player that has you beat high enough that he thinks your draw hit and he needs to fold, meanwhile recognizing the other player will read that raise as a bluff, and still not committing too much of your stack while doing so, to me that makes No Limit a far better game. Understanding how each player at the table will see your actions and respond to them, is honestly more important than the cards. Players that only raise or call large raises when with a very strong hand should tell you where you sit quite clearly, and let you get away from strong, but beaten hands pretty easily. Depending on the size of the limit game, drawing for cards isn't nearly as punishing, the short-variance is extremely punishing though if you were to raise with a solid hand that has them beat all the way to the River where they hit it, and then you lose a significant pot. If it's Pot Limit that's different, for regular Limit you end up in a lot of circumstances where it becomes profitable to just Call with the worst hand, in a way that you would be severely punished in No-Limit.
@@thelifeofLJ2011 it blows me away that any professional would make such a horrible decision, let alone a great pro. Most bad recs would instantly know how dangerous/ terrible that decision is/ was.
@@88mphDrBrown Most of these "Pros" are not responsible with their money as you may think. I used to watch high stakes poker back in the day and they would bet huge sums of money on just about anything. They would talk about winning or losing 100's of thousands of dollars while flying on few hour private jet to vegas doing coin flips. They would lose/win millions while playing golf and betting who will do better. They may have calmed down now but back in the day it was wild what they were doing they would gamble on just about anything.
I remember playing at the Mirage. The two tables on the riser, by the brush station. The inner table was empty at 7pm and the game I was in, was full with about 6 names waiting. 75/150 Limit Seven Card Stud $1500 min buy-in. I buy $3k and after two hours, I was up $2500 and I noticed a few people filing into the main table. An hour later, 7 people let them fly. There were some chips, but they were primarily for the dealer taking the rake. They were playing Chinese poker, ostensibly to kill the time waiting for a few more players for whatever game they were there for. 1 and 2 limit, that would be 1 and 2...stacks of 10k in hunids, rubber bands no extra charge. Just when I thought I stepped up. No, I guess not
thats awesome he wrote his program in BASIC in 2001 haha in 2001 I was 11 years old sitting in my basement hammering away on an old computer programming in Qbasic usually a virus or some other idea I had.
I’m not sure how I’m going to pay rent next month and these guys are playing small blinds worth more than my car. 🤦🏼♂️ *I know people in other countries would say:* _You can’t complain when you have clean water and indoor plumbing_ … but it still blows me away to hear *how much money rich people spend on “having fun”*
@@ryanli869 They played limit holdem in all of these matches. The blinds in the freeze out mentioned are 50k and 100k. The limit is 100k 200k. So only 25 big bets each. Think of it as a 4-8 limit holdem game. But with 25k chips.
The truth about Andy showing up in the poker room was that he was running from two of the casinos pit supervisors. He was playing blackjack betting the minimum when the deck was bad and max when good but got noticed right away by the pit bc his spread was $100 or $10,000. So when he saw the the pit bosses call supervisors over Andy got up with his chips and walked quickly away from the pit. When he walked up the poker room steps the two guys didn’t follow him in and when I asked, they told me who he was and bc he’s a billionaire they don’t want to lose his business but betting $100 or $10,000 is ridiculous and they laughed
It's not a stupid question at all. You're almost correct but it refers to the bets not the blinds. So because this is fixed limit hold em the players can only bet one of two amounts, either 10k or 20k. Pre-flop and on the flop they may bet 10k and on the turn and river the bet is doubled to 20k. The blinds are a function of the bets. The small blind bets half a bet and the big blind puts in a full bet. Hope that helps.
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Ee und ich hoffe es geht ihm gut und wir haben uns auch dabei und es ist ein bisschen was zu machen und ich hoffe es geht euch gut und wir haben uns sehr gefreut das es ist ein bisschen was zu tun und ich hoffe es geht euch gut und du hast auch noch nicht da ist ein
Ee und ich hoffe es geht ihm gut und wir haben uns auch dabei und es ist ein bisschen was zu machen und ich hoffe es geht euch gut und wir haben uns sehr gefreut das du hast auch ein schönes Wochenende euch allen gut und wir haben die lieben Worte und
Absolutely relatable to a lot of us I’m guessing, couldn’t live with the fact that there was a missing piece he could find if he tried, finding out why,how he was losing to them, knowing their weakness and figuring out how to exploit it, two understandings, Andy’s, and the pros.
Ive heard portions of this story before, but this is by far the most elaborate retelling I’ve ever come across. Cheers!
Glad you liked it!
Very good video good job
its from the book The Professor, the Banker, and the Suicide King
there's a book...
@@PokerBounty you GOTTA BE KIDDING 😂 Amarillo slim, the partner of Brunson and Roberts said, YOU CAN SHEAR A SHEEP MANY A TIME BUT SKIN HIM ONLY ONCE. Chip Reece is one of the best cash game players ever and he knew how to lose. Brunson masterminds it all.
AMATEURS USE STATISTICS
PROS USE ECONOMICS, we ain't even discussing comps, whew.
The only test would have been against UNGER if he was high enough not to care about anything but the game.
Do an investigative journalist expose!!!
100k/200k is absolutely insane, imagine playing for a house every hand and a mansion for big hands
And a country for the final pot
@@CesarMartinez-nu3if that's good one :=)
200k is just a down payment here in California
@@tylerh1648 It was 20 years ago, did you ever heard of inflation?
Pretty crazy that he did that well against multiple people who were each rested up and experts . He was his own worst enemy but he kicked ass while he was thinking clear . Imagine if he had teammates like Dwan and Daniel or other greats on his team so he could rest .
No doubt his logic worked . But one thing let’s not take away . His bankroll was the biggest bluffer . Even the biggest gambling degens get nervous still pro or not. Ivy didn’t wNt any smoke
At 120k blinds at first
It's probably more to do with the fact the people he was playing against would have been able to discuss strategy at great length with each other. It's evident as they all seemed to improve their game against him over time.
What's impressive to me is how many sessions Andy won against the son of The Godfather, Todd Brunson.
@@Mark-sm5eqTodd's highly overrated imo, i feel like a lot of his money was won because people who feared his dad assumed all that knowledge had been passed on and retained by Todd.
Much like that best friend of the toughest guy at your high school or town, who rarely had to back up their shit talkin cuz the real tough guy is standing behind him. Sometimes figuratively and sometimes literally. Either way u knew there would be consequences for anyone who even looked sideways at him let alone deliver sn ass whoopin
@jeffrogers3876 that occurred to me actually, deep in the cracks of my my mind. However, just the sheer amount of volume at high stakes cannot be ignored at least in the 2000s by Todd.
A dealer at my local casino actually was one of the people who dealt at this game.
He told a story where Todd Brunson showed up 5 minutes late for one of their matches, and when he arrived, Beal told him that they weren’t playing today, and to show up on time tomorrow.
Beal apparently enjoyed playing mind games like with the pros to throw them off their game.
Don't disrespect the fish
Damn. You are gullible.
Money is power.. money talks brunson should been on time if he really wanted that coin
Reverse Musashi
@@RickBroodreverse kojiro 😂
Man this was a hell of a story. Knew that the corporation played beal, but not in so much detail. Really appreciate it, good job :)
My pleasure!
Enjoyed the piece...One interesting note I read in the book but didn't hear here is that on all these trips back and forth between Vegas and Dallas, Beal always flew commercial!
Interesting!
I love watching videos like this. Filled with poker lore and all these stories that people talk about, but never know the true story. Great video. Also, money is basically fake when you're worth 7.8 billion. He could have been playing 10k/20k hands and it wouldn't make a dent in his bankroll.
Yo this is a great documentary of one of the most epic events in poker history that we know of! Thank you so kuch for putting this all together i remember learning all of this through random snippets on 2p2
imagine having a whole team of the best poker players sweating and losing against you. even if it were only 2/5 times, it's still an amazing achievement.
So...how smart is this Andy Beal guy? Able to play against the best, not even his day job. Incredible.
When he is a billionaire and also studied and analyzed the game, its easy - the money means nothing to him - 16 million? That's spare change for him so he can play without nerves at any stakes and just play what he considered the best play after analysing odds - it is not that hard.. But can he make it from 100$ to 1 million? No he will bust, because he is a gambler.
@@zada4a It's not easy to be the best in the world at anything. No matter how much money or time.
@@virtualbown yea but in poker it is a lot about the money. It is a big part of the game, it is not like chess.
@@zada4a Yeah. I hear you. They talked about it a lot here where Phil Ivey wouldn't even play him at first because the stakes were too high.
Absolute pack hunters. Loved to hear this story, if you read between the lines you get to learn about a group of people who are masters of more than just one game. Really cutthroat stuff, all without any bloodshed. So much respect to "the corporation"!
Why respect? It's multiple people against 1 person. That's a huge advantage.
Well put. I'm trying to argue with a "fanboy" about how colluders operate in poker and it's like explaining to a kid the tooth fairly isn't real. 😄
No respect whatsoever to the corporation !consisted of multiple people who who robbed the poker community . I wish Andy would have popped them all lol
I wish there was video of all these games I'd love to watch all these games.
So this guy took on a team of the best players in the world, by himself and WON? (The first match to 10 million). What an animal.
Thank you for sharing the story ! I’ve heard small talks about this never got the full story thank you!
Glad you enjoyed it!
@@PokerBounty awesome job
Very well done vid. I have read "The Professor, The Banker and the Suicide King" which is the best-written account of this amazing period of poker history and you nailed all the essential information. Incredible story. Sick amounts of money wagered for sure.
There is an entire book about this game; Beal realized a big part of poker was stakes so he ultimately raised the stakes so high he could break them in any given game because at that those stakes it can shake anyone’s game. The lesion is that a large part of poker is the stakes and how much money you have to keep your game stable.
It's a fascinating story about this now legendary poker match. ' The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time
Book by Michael Craig.
There are more lessons, including the pros declining to play Beal in Texas. The Bellagio poker room was run by poker pro Bobby Baldwin, friend of Doyle & co. Yes, Beal wanted to raise the stakes, but the pros preferred to play Beal in ring games instead of heads up, as the pros have an edge as a group. It's unfounded to presume the pros only pooled their money (and split the winnings) that one time to play Beal heads up, and not in ring games (or tournaments) as a rule. The colloquial term for collusion in poker is "having a piece of each other's action".
@@xxxYYZxxx Beal wanted to play heads up. He knew that was his best chnace of winning. Nothing to do with collusion between pros at a multi player game.
Having a piece of someones action is not collusion, it's very common for pros to sell a piece of their stake in a tournament or cash game. I've bought and sold action myself.
If it was undeclared in a cash game then yes it would be collusion. Otherwise it's very standard.
In this case the only way the pros could afford to play Beal was by pooling their money. IIRC there was something like $20 million on the table at one point.
@@dangermouse9348 You're just accepting the terms of the colluders. Just because they don't also admit to signaling hole cards doesn't mean they're not colluding. Admitting to "having a piece" is a deflection of the issue.
It's like a baseball pitcher with sandpaper and Vaseline who claims he's just obsessive about personal hygiene and manicuring - only a home town fanboy shmook would fall for such a rouse.
Why didn't the pros want to play heads up? The notion that Beal had a better chance to win heads up than vs a full table is absurd, unless the pros are colluding. Pros stand to make more vs. Beal heads up than with other pros at the table, unless the pros were .... colluding.
@@xxxYYZxxx HU poker is very different to full ring. It's FL so it's mathematical and Beal had run millions of simulated hands.
Facing one player you only have to figure out what that player's habits are. You don't have to concentrate on what a bunch of other players are doing.
You haven't a clue what you're talking about.
Do you think the mafia are still running Vegas?
The irony I keep seeing in these comments with their so called “expert” opinions is hilarious given the simple fact that even if they were only slightly paying attention they would’ve immediately realized that all of these games were LIMIT hold ‘em.
I remember hearing about these games during the time as I was playing a lot of poker but this was an excellent breakdown of this story and very well made. Thank you for your work and sharing.
Glad you enjoyed the video
If you see this as a maniacal billionaire learning poker, you missed the entire story. He's a top tier mathematician, not just a billionaire. He had a theory that risk tolerance was higher in the players, because they had experience.He wanted to see if they would play with the same fear amateurs would have at ricking large sums of money. He also tested the poker wisdom of the time, using his watch as a random decision aid, causing his behavior to be unpredictable , and many other things. He ran an experiment to prove out what was commonly held as gospel in the poker world of the time - lots of learning for all of poker after his work
In some respects, he won - pro players could only face him AFTER pooling together. The core premise, pro vs an amateur psych difference was absolutely proven out
"In some respects, he won - pro players could only face him AFTER pooling together. The core premise, pro vs an amateur psych difference was absolutely proven out"
The only thing this proved was that someone with an infinite bankroll could intimidate those without one.
And there are numerous poker players with math degrees, so his whole thing thinking he could learn what poker players don't was just hubris. it wasn't like his scheme was anything more than a poker version of a hedge fund anyways. Great as long as everything plays out how your data allowed you to predict it would, but the second what's happening isn't in the data, it's over.
@@M4R5-C4V14R ...it's almost like that's just a restatement of what he said 🙄
If that was his only advantage, it appears that his decision was stupid. You should have a bigger advantage than that. The fact that they were multiple people gives them a huge advantage.
:smart:
Great to hear the full story thx
Glad you enjoyed it
Ivey saved their asses, dudes a legend. But man heads up for this short of a sample size is so risky, either side could just run way above ev and destroy the other.
Sample size....wasn’t small, they played many times and for many hours. Wasn’t as if they played for one day !
@@bobbyd9319 Even if it were a month in total days played, that would still be a very small sample size.
It seems as though Ivey saved them, but he was also the only one to be able to play him 3 consecutive days at the end of a long series. The same might have happened if Lederer was allowed to play him continuously.
@@M4R5-C4V14R sample size is small, but since it’s heads up, the skill kicks in faster than any other game.
@@M4R5-C4V14R NO PLEASE NO say anyone but LEDERER dude is the biggest nit
Wow! One of the best poker stories I've heard... Phil Ivey is intimidating and super good. But the Billionaire guy was not a pushover
16 million dollar push over..everybody becomes a fish to the right Shark!
@@bumpsy2358 The right shark having to be the greatest of all time to beat a businessman going against the absolute pros of poker for fun. Give the guy some credit.
@@Alex-tx2em That is correct, the right shark for a 16 million dollar Whale He was going to get beat it was just a matter of time. When you get a big fish on the hook, you don't just yank him in the boat, you let him flounder awhile wearing itself out thinking its going to get away. That is exactly what happened. Take this little tidbit of wisdom to heart, otherwise one day you too, will be the fish, and not know it. Its all about psychology, making a sucker believe that they have a chance. I only can give him credit for having 16 million to loose and not sweat it. So in a different field, he is the shark.
@@bumpsy2358 Oh so they lost on purpose all those years even though they refused to budge playing those high stakes after all those losses. They lost, it took the greatest poker player of all time to recoup what they had lost. You're giving them too much credit thinking they could risk losing a whale with that many losses. Phil is what saved them, my point is give the guy credit for being a newcomer and doing so well against the best. He came back because they geniunely lost, I agree in the beginning they had baited him, but to brush off all those losses as bait is hilarious revisionism.
@@Alex-tx2em Okay, LOL. I gave you some game for free, I did not get it for free, I had to pay. But it was well worth it! I have since never gotten busted at a poker table. If you play poker, and you cant spot the fish in the first half hour to 45 minutes, then you are the fish. Poker is not strictly mathmatics, that is what he thought. He wrote a program that he used to beat wallstreet, but his program could only do the math, it cant do the psychology. And that is the edge.
keep up the great work mate
This was a damn good piece of content. Kudos
Andy Beal was running syms before Pio solver lmao
I know that he is the billionaire, but I found myself rooting for Beal in all of these cash games. And Howard Lederer, screw that thief!
Me too. These poker pros are not very likable people and most seem like they’re miserable in real life.
@@alextaylor8776 back then, anyone who qualified as a longtime poker pro was also a gambling degens, almost by definition
Ya they were legends turned villains. To think Andy beal the reason for full tilt ..
When Dan Bilzerian said he made his money playing poker, this is the game he tells his friends he played in.
Lol
Hes a trust fund baby he didn’t make his money through poker
@@ianaguilar8090 Everyone knows that. He loves poker and is mediocre like all of us. He looks up to self made millionaires through gambling and wants to be that
@@christophersuswal9544 not everybody know that that’s why he became so famous I don’t think people would be as big as a fan of his if they knew he’s really a trust fund baby
@@ianaguilar8090 I try not to be to cynical but in general people are idiots who desperately look up to people after they watch a video and blatantly ignore the facts in front of them. Plus, it was a short term fad and those "fans" probably turned that back at this point. He was a pretty stereotypical case of short term fame and all of it's glory at first. Then comes the downfall and shame. The thing is Dan still isn't hurting! His life is just fine I feel bad for his old fans. They'll just latch on to the next story that they want to be and continue to be fanboys of various characters until they die. And that's all they'll ever be
Beal was undoubtedly an excellent player but the real test would be to put him in a poker tournament where everyone starts with the same # of chips, with no reloading permitted. He would lose badly to top players in this tournament format. The only thing that made him dangerous was that he could play absolutely fearlessly due to his bottomless wealth.
Andy also deserve respect.
I just see this as a dude with way more money than the people he's playing. He's at no risk no matter what happens. He just has an ego issue and saw a game like poker as his best shot to beat professionals
@@TheChainChasers he beat so many professionals. While some play for money, he played for sportsmanship and competitiveness. It's highly respectable
@@TheSqueakGeek is that why he constantly pressured them into playing for blinds above what they were comfortable with? You're a biased fool
@@TheChainChasers it gave him an edge against the best in the world and had only been playing for a short time. Mad respect for the dude, very impressive to get close to their level that quickly
@@TheChainChasers exactly..
Very Elaborate, love the chapters. Great job!
Glad you like them!
Amazing stuff PB. Keep them coming!
Thanks, will do!
So basically…
PHIL IVEY IS THE GOAT 🙌🏼
From No Home to Buy any home Jerome
There's no debate about it.
Stuey Unger would wipe Ivey out.
@@martinwhalley3286 after he "wiped out," 10 lines of coke? I don't think so. Stu Ungar had a really bad drug addiction. Throughout his life story as a professional poker player he lacked the discipline to maintain a steady poker game. His highs and lows were like a roller coaster ride and he couldn't maintain true balance because of his lack of discipline, so there's no way that he could outplay Phil Ivey. Phil would sense this weakness out in Stu and use it against him. Stu would make desperation moves that Phil would easily capitalize on and use against him. With that being said, if Stu Ungar had not been mastered by drug addiction then his game could've been insurmountable and possibly even greater than Phil Ivey, but it wasn't.
@@michaelss1294that’s crazy, where lmao
Such an underrated video
Never knew Chumlee is that good at Poker! ^^
Great video and commentary!!!
Thank you
You make great videos , thanks 🙏
Glad you like them!
What a cool story. Thank you for sharing this. I never knew about it.
Andy Beal has got to be one of the coolest people of all time 🤣😂😎😎😎😎😎 absolute genius!
I can respect Andy Beal, because I see the statician/mathematician in him at work. It certainly was an experiment, but also a test of his own wits/mathematical knowledge against pros.For an amature/newbie to challenge the all time greats and even beat them at all was amazing in itself.Further more they had to team up to bring him down. One by one, they wouldnt stand a chance. Also if beal was a pro they would stand a chance against him.They won because they do that full time.He was running a billion dollar business(which is a challenge in itself) and also playing world champions in the afternoons. Thats crazy. But as a Mathematician he should have known he wouldnt stand a chance agains these guy, but he certainly made them shake in their boots.
Am such fan of Phil ivy here
Even if Beal lost $10M in a single sitting, it was a rounding error in his bank accounts. He truly has an unlimited bankroll compared to the pros, he would have cleaned them out eventually.
$10M in cash is not a rounding error to anyone except perhaps the US Gov. most billionaires are billionaires through non liquid assets. $10M of liquid cash is a lot to everyone
For a billionaire he actually took a very hands on approach
Great doc bro. Thanks
Amaizing video, thank you !
Glad you liked it!
Dude basically just casually invented PIOSolver in 2001. Legend.
and how did that work out against Lederer and Ivey? Even if you know the odds, you still got to play the hand and thats where the old-schoolers will out read you.
@@jiveturkey8728solid point man. under rated take
It's not hard at all to figure out limit holdem. It's really a straight pot-odds game. Exploitative play only goes so far. No-limit is far more complex; and involves much more implied odds and exploitation of the opponent.
Since this is a private game are the winnings taxable?
The Higher the Stakes the advantage goes to the person with the most disposable income.
The video was amazingly put together, love your work.. also can I play in Vegas at 18 or is gambling age in the US 21 like the drinking age?
Thank you!. I believe you have to wait till 21.
I wonder why Andy felt the need to take on all,of Vegas by himself. I think his zeal and own ego was his downfall..he should have formed and anti -corporation to help him battle. Take the pressure off and be able to do some of the work so he could rest and relax . But a guy like Andy with his ego ,that would not be an option.
He's trying to beat them, not necessarily trying to make money.
@@brucelee5576 oh for sure, even if he lost 50mio dollars, that would make it less than 1 measly percent of his entire net worth.
For a regular person that's the equivalent of maybe losing a couple 1000$, a chunk of change surely but nothing life changing by any means
For Andy this was pocket change. He didn't care for the money, he wanted to prove his mathematical theory and it was alot of fun for him to challenge the best players.
22:04 The king of Apples is my personal favorite card.
wow, amazing story, i thought i was gonna see a fish going to a shark fest and asking what's for dinner, but he really turned out to be a formidable opponent... esp. when they get to change sharks every few hours...
Glad you enjoyed it
They only had that bankroll because they were stealing money from full tilt customers
Doyle was innocent in all that
Howard Lederer did indeed!
Same thing that bankers do, so it evened out huh
Andy Beal prove to be a top poker player, he was able to beat the most of the top players at that moment and he lost against the GOAT
He intimidated them with his money. They were playing with almost there whole life savings, he was playing with one days budget lol common sense would tell you that but it appears your lacking in that area.
@@DJ-kk3co you're 80 iq
This history of poker game here with da pros Andy b did is insane . Cool vlog this is wow
Had no idea Lederer was so good. He seemed so scared on high stakes poker.
He was scared. He is a degenerate gambler and was broke and borrowing money during that era
High Stakes Poker is No Limit.
@@brucelee5576
You are an idiot. Please stop embarrassing yourself by commenting online
Ivey the goat for real
I want to see Andy Beal come back...
Pretty sure lederer made this whole thing up
It was all just Antonius's fever dream
Ivey is the GOAT...
someone needs to make a movie on this
the ironic thing is that none of these 'pros' can beat 200nl these days. just goes to show the level of so called 'pros' back then and how far the game has come.
Imagine Jeff bezos wrecking these guys by going all in and just taking all the blinds
Funniest part of this story is Phil taking 75k off him on coin flips 😂😂😂😂😂such a Phil thing to bet on
Crazy to play against all different players.
I sat and chatted with Todd Brunson in 2013 and he told me about how he was preparing for play Andy Beal Hu for 5 million in a few weeks so I don’t think the story ended with Phil Ivey
Yes, Beal came later and played another heads up match against Todd and Todd won 5 mill from the banker.
Song at the chapter introductions.. Kensington Chump by David Holms. Classic Oceans 13 soundtrack song
This Andy Beal guy really had an advanced computer for the time.
Very interesting video have been a poker fan since mid 2000's but didn't know about this.
I wouldn't bet against Phil Ivey on anything!
Same here, I know all the isildurr stories surprised I’ve missed this.
and the Phil Ivey Myth becomes Legend
Your voice sounds familiar. Do you have other RUclips channels?
Nope just the one
He is now worth more than 11 BILLION. The Professor of Poker is now The Pariah of Poker after Full Tilt scandal.
so sick!!
Are there any videos of these Beal games?
Sadly no!
Cameras from the casino maybe 🤔
Ted Forrest, The most underrated pro
Ivey to the rescue
Is he not the man that basically Invented the poker solver ?
How is the book called written about this?
The Professor, The Banker, and the Suicide King by Michael Craig
Funny part of the story: "Howard Lederer play aggressively"
Great job, Barry deserves credit for convincing the corporation to let Phil play, Phil is the greatest heads up player ever
Not DISPUTING that PI is great, however, I'll be you can find NO evidence of PI playing heads up LIMIT holdem before or since. So I'm not sure you have any leverage for your statement. HU Limit Cash games just DON'T exist outside of people's kitchen tables, and this silly match
@@Tommy-fo4gb Phil would have been great in the Wild West since he can dodge bullets, baby
@@Tommy-fo4gb Not Hu and he's fucking horrible in cash games. Hes the best tournament player without a doubt though.
@captain scentsible39Agreed about LIMIT, but It wasn't heads up, which is what I stated. Sites back then didn't have heads up tables.
@@Tommy-fo4gb PI is the best over all poker player ever, PH is one off the best no limit hold ‘em tournament player from the past!
It only took Phil Ivey to beat this guy. He should be a pro fo sure
This video shows you why billionaires are billionaires, tremendous focus and dedication to everything,
He was also a math wiz, with a very high IQ
Made respect to Andy!
If they played no limit holdem it would have been a different story
If you read the book Andy was smart enough to start figuring where he could negate the pros advantage and find an edge.
I don’t know how people play limit holdem
Limit actally takes some skill heads up. 9 handed limit is garbage tho
@@sh0cktim3 Does it?
When you can read your opponents' hands accurately enough to raise a player that has you beat high enough that he thinks your draw hit and he needs to fold, meanwhile recognizing the other player will read that raise as a bluff, and still not committing too much of your stack while doing so, to me that makes No Limit a far better game.
Understanding how each player at the table will see your actions and respond to them, is honestly more important than the cards. Players that only raise or call large raises when with a very strong hand should tell you where you sit quite clearly, and let you get away from strong, but beaten hands pretty easily.
Depending on the size of the limit game, drawing for cards isn't nearly as punishing, the short-variance is extremely punishing though if you were to raise with a solid hand that has them beat all the way to the River where they hit it, and then you lose a significant pot. If it's Pot Limit that's different, for regular Limit you end up in a lot of circumstances where it becomes profitable to just Call with the worst hand, in a way that you would be severely punished in No-Limit.
Solid video
Thanks bro
There's a book about this called 'The Professor, The Banker and the Suicide Kid' fun read
Buying into a 3 handed game with your whole bankroll that's only 50bb is one of the dumbest poker decisions I've ever heard of.
No shit, that is reckless
@@thelifeofLJ2011 it blows me away that any professional would make such a horrible decision, let alone a great pro. Most bad recs would instantly know how dangerous/ terrible that decision is/ was.
@@88mphDrBrown Most of these "Pros" are not responsible with their money as you may think. I used to watch high stakes poker back in the day and they would bet huge sums of money on just about anything. They would talk about winning or losing 100's of thousands of dollars while flying on few hour private jet to vegas doing coin flips. They would lose/win millions while playing golf and betting who will do better. They may have calmed down now but back in the day it was wild what they were doing they would gamble on just about anything.
I remember playing at the Mirage. The two tables on the riser, by the brush station. The inner table was empty at 7pm and the game I was in, was full with about 6 names waiting. 75/150 Limit Seven Card Stud $1500 min buy-in.
I buy $3k and after two hours, I was up $2500 and I noticed a few people filing into the main table. An hour later, 7 people let them fly. There were some chips, but they were primarily for the dealer taking the rake. They were playing Chinese poker, ostensibly to kill the time waiting for a few more players for whatever game they were there for. 1 and 2 limit, that would be 1 and 2...stacks of 10k in hunids, rubber bands no extra charge. Just when I thought I stepped up. No, I guess not
thats awesome he wrote his program in BASIC in 2001 haha in 2001 I was 11 years old sitting in my basement hammering away on an old computer programming in Qbasic usually a virus or some other idea I had.
Imagine playing in a game where the big blind is a brand new top of the line Lexus.
I’m not sure how I’m going to pay rent next month and these guys are playing small blinds worth more than my car. 🤦🏼♂️
*I know people in other countries would say:* _You can’t complain when you have clean water and indoor plumbing_ … but it still blows me away to hear *how much money rich people spend on “having fun”*
The poker players are literally working and doing their job. The billionaire was having fun but also trying out another way of making moneu
Your $1/$2 game would be nosebleeds in many 3rd 🌍 countries.
Yes thank you so much
My Pleasure
Now Andy Biel has picked up chess and is playing Magnus Carlsen for 500k a game…
First he has to deal with Nepo
good one
This guy is f🤬🤬kin legend... the best poker pros in the world were just his play things lol
Howard Lederer flexing so damn hard:)
There was no Bobby's Room when they played the first time. Bobby's Room didn't exist until the Room was remodeled years later.
Andy did actually play Todd in a $5M freeze out at 100k 200k in Bobby's Room. Todd won.
@@wantaG18 this also doesnt make sense cause that means each player was sitting only 25 big blinds deep which is super short stacked.
@@ryanli869 They played limit holdem in all of these matches. The blinds in the freeze out mentioned are 50k and 100k. The limit is 100k 200k. So only 25 big bets each. Think of it as a 4-8 limit holdem game. But with 25k chips.
How did you get this much detail.
Read the book - The Professor the Banker and the Suicide Kings!
I have a 3mo CD at Beal bank, had no idea.
The truth about Andy showing up in the poker room was that he was running from two of the casinos pit supervisors. He was playing blackjack betting the minimum when the deck was bad and max when good but got noticed right away by the pit bc his spread was $100 or $10,000. So when he saw the the pit bosses call supervisors over Andy got up with his chips and walked quickly away from the pit. When he walked up the poker room steps the two guys didn’t follow him in and when I asked, they told me who he was and bc he’s a billionaire they don’t want to lose his business but betting $100 or $10,000 is ridiculous and they laughed
Imagine that, Phil Ivey being the unflappable goat
Stupid question from a poker noob: what do the 10k-20k in the table name (09:05) refer to? I always thought those were the blinds, but apparently not.
It's not a stupid question at all. You're almost correct but it refers to the bets not the blinds.
So because this is fixed limit hold em the players can only bet one of two amounts, either 10k or 20k. Pre-flop and on the flop they may bet 10k and on the turn and river the bet is doubled to 20k.
The blinds are a function of the bets. The small blind bets half a bet and the big blind puts in a full bet.
Hope that helps.