Thallo - winning WSOP bracelet, high stakes private poker games, poker apps, ethics

In one year Thallo went from a recreational amateur poker player to winning a World Series of Poker (WSOP) bracelet in 2019, getting into some of the juiciest private poker games in Las Vegas and Los Angeles, playing Triton events and in many other ways living the poker dream. In this conversation, we talk about Thallo's poker studies, winning WSOP bracelet, getting into high stakes private games. He reveals some of his degen stories and doesn't hold much back when talking about private poker games. We also talk about ethics in poker, discuss poker apps, collusion, some cheating scandals, and much more. Make sure to subscribe to my YouTube channel to stay informed about new videos https://www.youtube.com/RunchuksPoker?sub_confirmation=1 And if you'd like to receive my key takeaways from each latest podcast episode, subscribe to my newsletter https://www.runchukspodcast.com Twitter: https://twitter.com/RunchuksP Follow Thallo on Twitter: https://twitter.com/ThalloPoker Timestamps 00:00:00 Intro 00:01:33 Thallo's poker career 00:04:30 Studying for 6 months, 8-12h a day 00:05:55 Thinking through a hand like Phil Galfond 00:10:36 From real-estate career to poker 00:13:38 Making the final table after 6 months of studies 00:17:31 Total degen 00:19:52 Real-estate safety net 00:21:01 Competitive personality, failure wasn't an option 00:22:06 WSOP bracelet and how it helped to create relationships 00:26:01 Private games that make casino games look pretty boring 00:31:11 Down half of bankroll in one session 00:34:15 Fire another bullet 00:35:54 You're losing too much… Are you OK? 00:38:52 It's not about the rake, it's about the games 00:41:06 Different types of fun 00:42:22 Poker apps traps 00:52:27 180bb/100 over 45k hands in private poker apps 00:57:07 Collusion 01:03:14 Regs taking unbelievable lines 01:04:21 Henry Kilbane card mechanics story 01:05:56 Jungleman 01:11:04 Unsustainable bum-hunting 01:14:00 Thallo was never a grinder 01:16:18 King of the hill system 01:23:32 There should be nothing that sets up competitive unbalance 01:24:53 Environment for shady games 01:28:29 Private games. A solution? 01:29:42 How to get invited to good private games 01:33:17 First hearing about private games 01:34:41 Short deck PLO 01:36:31 High stakes angle shooting 01:39:47 Things that are allowed in the High Stakes area 01:41:06 Punching a guy at the table 01:47:26 Physical aggression at the tables 01:48:49 Playing the Triton series 01:53:49 Secret Triton tournaments 01:55:30 Game selection 01:57:51 Results-oriented perception 02:03:17 Huge variance on Galfond vs VeniVidi1993 match 02:06:48 EV graphs - a blessing and a curse 02:09:17 Thallo's stable project on Run It Once Poker 02:15:56 Site policies 02:16:50 Providing high-quality coaching 02:20:23 Sunrise in Las Vegas 02:20:55 Wrapping up