State of poker - Mason Malmuth

State of poker, online poker tournament structures and guarantees, private games, regulations, ethics, and Mason's new book "The History of the World from a Gambler's Perspective" are some of the many topics we discuss in this conversation.

Mason is the founder of TwoPlusTwo publishing company and an author of several books. His latest book looks at the history of the world from a gambler's perspective. It's a great read, a novel take on some of the events that defined the course of history. 

Get the book here: https://amzn.to/2DLS1nC

 

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Timestamps: 

00:00:00 Intro

00:01:40 The History of The World From a Gambler's Perspective

00:04:34 Defining gambling

00:07:16 Self-weighting and non-self-weighting strategies

00:10:17 Expert gambles

00:11:44 The battle is lost, if you pursue the normal strategy

00:15:54 Francisco Pizarro story

00:18:34 General Robert E. Lee semi-bluff

00:23:44 Gambling in the real world

00:29:33 Probability of getting aces twice in a row

00:32:41 Cat joins the podcast

00:33:28 Selection bias

00:35:31 He is a great craps player

00:36:34 How do we define who are the best poker players

00:42:06 GTO player vs Exploitative player

00:46:05 Multi-tabling

00:53:13 A good poker game

00:58:38 Rake and bonuses

00:59:52 Antes to balance out luck and skill

01:03:35 Online poker room regulations

01:04:41 Competition in the online poker market

01:06:29 Rake is a big threat to poker

01:08:48 Problem with rebuy tournaments

01:12:28 Tournament prize guarantees

01:14:42 Big private games and selling action

01:17:09 How is selling action and rebuys perceived by a new player?

01:20:48 More problems with rebuys and guarantees

01:24:25 What's best for poker in the long run… Or for me

01:26:39 Must move game

01:39:00 Private games held in casinos

01:42:00 TwoPlusTwo - the beginnings

01:53:32 TwoPlusTwo contributing to the poker boom

01:55:15 TwoPlusTwo podcast

01:56:18 TwoPlusTwo competition

02:00:14 Creating a better environment

02:08:06 Communication between management and players

02:10:03 Competition is good

02:13:07 Poker police and cheating scandals

02:15:32 Richard Turner

02:16:30 The new book will bring new people into poker

02:18:22 Leon Trotsky

02:21:51 History from all over the world from many periods

02:23:16 The role of Luck

02:29:07 Jack Johnson World Heavyweight Boxing Champion

02:32:58 Wyatt Earp gambling story