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Daniel Negreanu: Poker | Lex Fridman Podcast #324
with any specific hands.
https://karpathy.ai/lexicap/0324-large.html#00:30:11.180
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Yeah, but you know, uncertainty is ruthless.
https://karpathy.ai/lexicap/0324-large.html#00:30:12.780
Daniel Negreanu: Poker | Lex Fridman Podcast #324
It's, you know, the fact that it's a game of statistics,
https://karpathy.ai/lexicap/0324-large.html#00:30:18.220
Daniel Negreanu: Poker | Lex Fridman Podcast #324
it can be too painful for the human psychology.
https://karpathy.ai/lexicap/0324-large.html#00:30:23.380
Daniel Negreanu: Poker | Lex Fridman Podcast #324
So maybe you have to hold on to certain superstitions.
https://karpathy.ai/lexicap/0324-large.html#00:30:26.900
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Because, you know, I mean, there's a cold absurdity
https://karpathy.ai/lexicap/0324-large.html#00:30:30.820
Daniel Negreanu: Poker | Lex Fridman Podcast #324
to the fact that you can play extremely well and still lose.
https://karpathy.ai/lexicap/0324-large.html#00:30:34.420
Daniel Negreanu: Poker | Lex Fridman Podcast #324
I mean, actually this year you've played the,
https://karpathy.ai/lexicap/0324-large.html#00:30:38.740
Daniel Negreanu: Poker | Lex Fridman Podcast #324
what is it, 50 days of World Series of Poker.
https://karpathy.ai/lexicap/0324-large.html#00:30:43.980
Daniel Negreanu: Poker | Lex Fridman Podcast #324
And it seems like, at least from the perspective
https://karpathy.ai/lexicap/0324-large.html#00:30:47.700
Daniel Negreanu: Poker | Lex Fridman Podcast #324
of me looking at it through the internet,
https://karpathy.ai/lexicap/0324-large.html#00:30:50.980
Daniel Negreanu: Poker | Lex Fridman Podcast #324
it seems like there's a lot of hands
https://karpathy.ai/lexicap/0324-large.html#00:30:53.020
Daniel Negreanu: Poker | Lex Fridman Podcast #324
that you were like 70, 30, 80, 20, all in hands
https://karpathy.ai/lexicap/0324-large.html#00:30:54.620
Daniel Negreanu: Poker | Lex Fridman Podcast #324
that you just did not, were not going your way.
https://karpathy.ai/lexicap/0324-large.html#00:30:59.140
Daniel Negreanu: Poker | Lex Fridman Podcast #324
That can sort of break you mentally.
https://karpathy.ai/lexicap/0324-large.html#00:31:02.420
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Absolutely.
https://karpathy.ai/lexicap/0324-large.html#00:31:04.220
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Yeah, one of the hardest things, especially about playing,
https://karpathy.ai/lexicap/0324-large.html#00:31:05.460
Daniel Negreanu: Poker | Lex Fridman Podcast #324
because cash games and tournaments are different.
https://karpathy.ai/lexicap/0324-large.html#00:31:07.460
Daniel Negreanu: Poker | Lex Fridman Podcast #324
One of the most difficult things about, you know,
https://karpathy.ai/lexicap/0324-large.html#00:31:09.620
Daniel Negreanu: Poker | Lex Fridman Podcast #324
being a tournament player is resilience.
https://karpathy.ai/lexicap/0324-large.html#00:31:11.140
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Because more often than not, like,
https://karpathy.ai/lexicap/0324-large.html#00:31:13.380
Daniel Negreanu: Poker | Lex Fridman Podcast #324
so if there's a tournament with a thousand people,
https://karpathy.ai/lexicap/0324-large.html#00:31:14.820
Daniel Negreanu: Poker | Lex Fridman Podcast #324
to win the tournament, you have to get all of the chips.
https://karpathy.ai/lexicap/0324-large.html#00:31:17.420
Daniel Negreanu: Poker | Lex Fridman Podcast #324
That means there's one winner and 999 losers.
https://karpathy.ai/lexicap/0324-large.html#00:31:19.460
Daniel Negreanu: Poker | Lex Fridman Podcast #324
So it's very rare that you actually like win all the chips.
https://karpathy.ai/lexicap/0324-large.html#00:31:22.220
Daniel Negreanu: Poker | Lex Fridman Podcast #324
So you're essentially at some point
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
in every tournament you play,
https://karpathy.ai/lexicap/0324-large.html#00:31:27.220
Daniel Negreanu: Poker | Lex Fridman Podcast #324
gonna deal with like really bad luck and disappointment.
https://karpathy.ai/lexicap/0324-large.html#00:31:28.180
Daniel Negreanu: Poker | Lex Fridman Podcast #324
And sometimes those streaks can have you question yourself
https://karpathy.ai/lexicap/0324-large.html#00:31:31.320
Daniel Negreanu: Poker | Lex Fridman Podcast #324
and be introspective about, okay,
https://karpathy.ai/lexicap/0324-large.html#00:31:34.540
Daniel Negreanu: Poker | Lex Fridman Podcast #324
so I think I'm 47 now.
https://karpathy.ai/lexicap/0324-large.html#00:31:35.980
Daniel Negreanu: Poker | Lex Fridman Podcast #324
I think I've gotten better as time went on
https://karpathy.ai/lexicap/0324-large.html#00:31:38.020
Daniel Negreanu: Poker | Lex Fridman Podcast #324
between distinguishing, okay,
https://karpathy.ai/lexicap/0324-large.html#00:31:40.220
Daniel Negreanu: Poker | Lex Fridman Podcast #324
am I losing right now because of bad luck?
https://karpathy.ai/lexicap/0324-large.html#00:31:42.140
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Or is it fundamentally decisions I'm making
https://karpathy.ai/lexicap/0324-large.html#00:31:44.720
Daniel Negreanu: Poker | Lex Fridman Podcast #324
are not very good, right?
https://karpathy.ai/lexicap/0324-large.html#00:31:47.020
Daniel Negreanu: Poker | Lex Fridman Podcast #324
And that's one of the hardest things
https://karpathy.ai/lexicap/0324-large.html#00:31:48.820
Daniel Negreanu: Poker | Lex Fridman Podcast #324
for anyone who plays poker to get to, right?
https://karpathy.ai/lexicap/0324-large.html#00:31:50.220
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Why am I losing?
https://karpathy.ai/lexicap/0324-large.html#00:31:53.300
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Am I losing because of my opponents being better?
https://karpathy.ai/lexicap/0324-large.html#00:31:54.340
Daniel Negreanu: Poker | Lex Fridman Podcast #324
I'm not playing well, or am I losing just because of luck?
https://karpathy.ai/lexicap/0324-large.html#00:31:57.300
Daniel Negreanu: Poker | Lex Fridman Podcast #324
And because there's so much variance in poker,
https://karpathy.ai/lexicap/0324-large.html#00:31:59.460
Daniel Negreanu: Poker | Lex Fridman Podcast #324
a lot of players can be confused
https://karpathy.ai/lexicap/0324-large.html#00:32:02.580
Daniel Negreanu: Poker | Lex Fridman Podcast #324
on both sides of the coin.
https://karpathy.ai/lexicap/0324-large.html#00:32:04.780
Daniel Negreanu: Poker | Lex Fridman Podcast #324
One guy's winning and he thinks he's great.
https://karpathy.ai/lexicap/0324-large.html#00:32:06.020
Daniel Negreanu: Poker | Lex Fridman Podcast #324
He's really not, wait till the cards break even as we say.
https://karpathy.ai/lexicap/0324-large.html#00:32:07.700
Daniel Negreanu: Poker | Lex Fridman Podcast #324
I think there's a lot of parallels to life as well.
https://karpathy.ai/lexicap/0324-large.html#00:32:11.020
Daniel Negreanu: Poker | Lex Fridman Podcast #324
If you get screwed over, over and over,
https://karpathy.ai/lexicap/0324-large.html#00:32:13.500
Daniel Negreanu: Poker | Lex Fridman Podcast #324
it's hard to know if you're doing something wrong
https://karpathy.ai/lexicap/0324-large.html#00:32:15.620
Daniel Negreanu: Poker | Lex Fridman Podcast #324
or if it's just bad luck.
https://karpathy.ai/lexicap/0324-large.html#00:32:17.980
Daniel Negreanu: Poker | Lex Fridman Podcast #324
I think they did a study.
https://karpathy.ai/lexicap/0324-large.html#00:32:19.940
Daniel Negreanu: Poker | Lex Fridman Podcast #324
I remember there was like a study
https://karpathy.ai/lexicap/0324-large.html#00:32:20.980
Daniel Negreanu: Poker | Lex Fridman Podcast #324
that was mostly related to gambling,
https://karpathy.ai/lexicap/0324-large.html#00:32:22.060
Daniel Negreanu: Poker | Lex Fridman Podcast #324
but it was mice and they put them in a little maze
https://karpathy.ai/lexicap/0324-large.html#00:32:23.900
Daniel Negreanu: Poker | Lex Fridman Podcast #324
and they go down these three tubes
https://karpathy.ai/lexicap/0324-large.html#00:32:25.980
Daniel Negreanu: Poker | Lex Fridman Podcast #324
and they go down this one tube and there'd be cheese, right?
https://karpathy.ai/lexicap/0324-large.html#00:32:27.940
Daniel Negreanu: Poker | Lex Fridman Podcast #324
And then they go down again, cheese.
https://karpathy.ai/lexicap/0324-large.html#00:32:30.900
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Three times in a row there was cheese there, right?
https://karpathy.ai/lexicap/0324-large.html#00:32:32.780
Daniel Negreanu: Poker | Lex Fridman Podcast #324
The next time there was an electric shock there, not cheese.
https://karpathy.ai/lexicap/0324-large.html#00:32:34.980
Daniel Negreanu: Poker | Lex Fridman Podcast #324
The rat went, you know, the mouse went to get zapped.
https://karpathy.ai/lexicap/0324-large.html#00:32:39.500
Daniel Negreanu: Poker | Lex Fridman Podcast #324
He got zapped, okay, came back.
https://karpathy.ai/lexicap/0324-large.html#00:32:42.980
Daniel Negreanu: Poker | Lex Fridman Podcast #324
He kept going back to get zapped until he died.
https://karpathy.ai/lexicap/0324-large.html#00:32:44.660
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Like he kept going because he found cheese there.
https://karpathy.ai/lexicap/0324-large.html#00:32:47.420
Daniel Negreanu: Poker | Lex Fridman Podcast #324
He has one there.
https://karpathy.ai/lexicap/0324-large.html#00:32:50.500
Daniel Negreanu: Poker | Lex Fridman Podcast #324
So he continued to go chase that win
https://karpathy.ai/lexicap/0324-large.html#00:32:52.100
Daniel Negreanu: Poker | Lex Fridman Podcast #324
despite it being, you know, now all of a sudden
https://karpathy.ai/lexicap/0324-large.html#00:32:54.740
Daniel Negreanu: Poker | Lex Fridman Podcast #324
not worthwhile till he died.
https://karpathy.ai/lexicap/0324-large.html#00:32:57.140
Daniel Negreanu: Poker | Lex Fridman Podcast #324
And essentially what they said was
https://karpathy.ai/lexicap/0324-large.html#00:32:59.340
Daniel Negreanu: Poker | Lex Fridman Podcast #324
that is essentially how they compared it
https://karpathy.ai/lexicap/0324-large.html#00:33:01.260
Daniel Negreanu: Poker | Lex Fridman Podcast #324
to like, you know, the gambling brain
https://karpathy.ai/lexicap/0324-large.html#00:33:03.340
Daniel Negreanu: Poker | Lex Fridman Podcast #324
and how people think about gambling.
https://karpathy.ai/lexicap/0324-large.html#00:33:04.980
Daniel Negreanu: Poker | Lex Fridman Podcast #324
You're chasing the wins.
https://karpathy.ai/lexicap/0324-large.html#00:33:06.780
Daniel Negreanu: Poker | Lex Fridman Podcast #324
You learn too much.
https://karpathy.ai/lexicap/0324-large.html#00:33:08.180
Daniel Negreanu: Poker | Lex Fridman Podcast #324
You sort of overgeneralize the lessons learned
https://karpathy.ai/lexicap/0324-large.html#00:33:09.860
Daniel Negreanu: Poker | Lex Fridman Podcast #324
from the times you've won.
https://karpathy.ai/lexicap/0324-large.html#00:33:12.420
Daniel Negreanu: Poker | Lex Fridman Podcast #324
So yeah, like beginner's luck can be detrimental.
https://karpathy.ai/lexicap/0324-large.html#00:33:13.460
Daniel Negreanu: Poker | Lex Fridman Podcast #324
If you have some early luck and you believe
https://karpathy.ai/lexicap/0324-large.html#00:33:15.620
Daniel Negreanu: Poker | Lex Fridman Podcast #324
that this is just the way it's supposed to be forever,
https://karpathy.ai/lexicap/0324-large.html#00:33:17.980
Daniel Negreanu: Poker | Lex Fridman Podcast #324
you know, it can put you in a delusional state
https://karpathy.ai/lexicap/0324-large.html#00:33:20.780
Daniel Negreanu: Poker | Lex Fridman Podcast #324
where, you know, you feel like I'm just great,
https://karpathy.ai/lexicap/0324-large.html#00:33:23.500
Daniel Negreanu: Poker | Lex Fridman Podcast #324
but no, you're not.
https://karpathy.ai/lexicap/0324-large.html#00:33:26.500
Daniel Negreanu: Poker | Lex Fridman Podcast #324
You were just lucky in the beginning.
https://karpathy.ai/lexicap/0324-large.html#00:33:27.420
Daniel Negreanu: Poker | Lex Fridman Podcast #324
I actually played poker once in Vegas.
https://karpathy.ai/lexicap/0324-large.html#00:33:28.740
Daniel Negreanu: Poker | Lex Fridman Podcast #324
It was a, it wasn't a tournament,
https://karpathy.ai/lexicap/0324-large.html#00:33:31.460
Daniel Negreanu: Poker | Lex Fridman Podcast #324
but it was a kind of tournament like style.
https://karpathy.ai/lexicap/0324-large.html#00:33:34.060
Daniel Negreanu: Poker | Lex Fridman Podcast #324
I already forgot what it was.
https://karpathy.ai/lexicap/0324-large.html#00:33:37.900
Daniel Negreanu: Poker | Lex Fridman Podcast #324
But what I do remember is that I had four of a kind.
https://karpathy.ai/lexicap/0324-large.html#00:33:39.060
Daniel Negreanu: Poker | Lex Fridman Podcast #324
So the last hand I've ever played in poker was,
https://karpathy.ai/lexicap/0324-large.html#00:33:42.980
Daniel Negreanu: Poker | Lex Fridman Podcast #324
I got a four of a kind and there was a couple of others
https://karpathy.ai/lexicap/0324-large.html#00:33:46.500
Daniel Negreanu: Poker | Lex Fridman Podcast #324
with really strong hands.
https://karpathy.ai/lexicap/0324-large.html#00:33:50.580
Daniel Negreanu: Poker | Lex Fridman Podcast #324
So everybody went all in.
https://karpathy.ai/lexicap/0324-large.html#00:33:51.460
Daniel Negreanu: Poker | Lex Fridman Podcast #324
And I think you get some kind of bonus
https://karpathy.ai/lexicap/0324-large.html#00:33:53.100
Daniel Negreanu: Poker | Lex Fridman Podcast #324
for getting four of a kind.
https://karpathy.ai/lexicap/0324-large.html#00:33:54.580
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Bad beat jackpot you were playing in.
https://karpathy.ai/lexicap/0324-large.html#00:33:55.500
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Yeah, so something like this.
https://karpathy.ai/lexicap/0324-large.html#00:33:56.860
Daniel Negreanu: Poker | Lex Fridman Podcast #324
I apologize if I don't know the details,
https://karpathy.ai/lexicap/0324-large.html#00:33:58.460
Daniel Negreanu: Poker | Lex Fridman Podcast #324
but I just remember winning a lot of money
https://karpathy.ai/lexicap/0324-large.html#00:34:00.380
Daniel Negreanu: Poker | Lex Fridman Podcast #324
and I walked away from the table.
https://karpathy.ai/lexicap/0324-large.html#00:34:02.300
Daniel Negreanu: Poker | Lex Fridman Podcast #324
I said, I'm not playing poker again.
https://karpathy.ai/lexicap/0324-large.html#00:34:04.060
Daniel Negreanu: Poker | Lex Fridman Podcast #324
This is great.
https://karpathy.ai/lexicap/0324-large.html#00:34:05.260