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   Subscribe to my newsletter for exclusive content https://www.runchukspodcast.com Subscribe to my YouTube channel: https://bit.ly/runchuks-yt Twitter: https://twitter.com/RunchuksP iTunes: https://bit.ly/runchuks Spotify: https://spoti.fi/2ECWIAF Google Podcast: https://bit.ly/runchuksgoogle   Follow Mason on Twitter: https://twitter.com/MasonMalmuth   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