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Daniel Negreanu: Poker | Lex Fridman Podcast #324
So they'll, they'll be under more financial pressure
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
because they're not like your typical high roller
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
type player.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Are you still able to find the guts to take big risks?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Yeah, see, I'm trying to win.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Like, I think that gives me an advantage, frankly,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
where I might make decisions that are financially suboptimal
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
because I'm trying to win,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
but there's also an inherent advantage to that.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Like that again, something I watched and learned
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
from a guy like Michael Adamo,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
where he takes advantage of these people playing
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
so passively in these spots where he's like,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I don't, I'm not trying to come, I'm going to win.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I'm just going to bull bulldoze you.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Cause I'm not worried about, you know,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
the small financial mistake of, you know, a pay jump.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
What advice could you give to, to beginning poker players?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Actually at every level, how to get better,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
how to improve, how to improve their game.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Obviously, as you said,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
it's easiest to get better in the beginning,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
but what advice would you give how to get better?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
So one of the ways, I mean,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I think way back to the how I started, right?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
And there's so many resources and tools available right now
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
to analyze hands, but when you play, right?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
And you find yourself in a situation or a hand
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
that you're not really sure about,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
not because you had aces and went all in and you lost,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
like that's not interesting,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
but an interesting situation where you're not sure
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
what you did, jot the hand down, write it out.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
And then either A, you know, use some of the tools,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
whether it's the solvers, if you're advanced enough,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
or ask your group, you know,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
like have a couple of friends at your level
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
and talk through the different decisions
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
and start to learn that way, right?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Cause those mistakes that you make
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
or those tough, those tough hands,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
that's where the real learning comes from.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Like, so that next, so basically if you're,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
cause you're gonna be in similar scenarios.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
In poker, you're rarely gonna have the identical situation,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
but you'll have situations that are similar.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
You know, you raise with ace king, someone three bet,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
another guy goes all in.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Okay, well, what do I do in that spot?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
You know, it's, you're gonna have similar situations
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
in the future as well.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
So figuring that out, the more you can do that,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
you chop away at, you know,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
different strategical mistakes, you know,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
you used to make that you no longer make.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Are there resources like your masterclasses really is great?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Are there books?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
So there was a guy named Michael Acevedo.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
This is my, again, for a little bit more advanced players,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
but it's a book called a modern poker theory,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I think it's called,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
which sort of explains game theory, right?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
To the novice, right?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
So it's a little bit, I think if you're new to poker,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
it's probably above the rim for you.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
But once you start to get a little better
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
and you wanna understand how to do it,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
it's probably a good resource for as far as books.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
And there's also like tons of people
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
who stream poker, professional players.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
And then you can get in there and you get in on the chat
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
and you start talking, you ask them,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
you see people, you know,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
explaining their thought process and things like that.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
There's so many free resources.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
And of course my masterclass,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I think does a good job of sort of compartmentalizing,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
like, you know, how to attack it on a deeper level.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
And we, you know, we get it, I try to get into,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
what's funny when I did the masterclass,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I asked them, I was like, well, you know,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
how high end do you want this in terms of poker?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
And they're like, we want really, really high end.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
And I was like, okay, sure.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Then I started to explain really, really high end.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I'm like, okay, well, maybe the one below that, right?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
So I try to explain really complex, you know,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
theory in a more palatable way, in English, if you will.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Cause some of these kids, you hear them talk
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
and you'd be like, huh?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
But you also, which is really nice, give example hands
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
that really illustrate the point, which is really nice.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
You also wrote a book, I think 10 years ago,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Power Holding Strategy.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
It's interesting to think how much of the stuff
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
in that book still applies, how much doesn't.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Listen, I still think the book holds up to a certain degree.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Obviously like, you know, it isn't optimal
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
because there's like a more advanced strategies.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
And if you played that way,
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