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EPISODE · Jul 30, 2021 · 32 MIN

Poker Pro Makes A Common Financial Mistake

from Jae'$ Corner Podcast · host Jae Oh, CFP, Author

What YOU Can Learn From A Poker Pro's Errors | Financial Fluency   Lots and lots of people attempt to equate the term 'gambling' wrongly. Poker is a probability-adjusted game. NOT pure randomness, with inferior payouts, like roulette.  Landon Tice VS Bill Perkins High-Stakes Showdown received a lot of attention in the global poker community.  Poker pro Landon Tice "spotted" Bill Perkins, "businessman," 9 big blinds for every 100. Perhaps he simulated what the difference should be. Perhaps not. However, the issue is that the OTHER rules sharply limited Landon's inherent advantages.  Takeaway for everyday people: Landon likely didn't realize the full extent of these limitations, until he was locked in. THAT IS EXACTLY THE ERROR THAT PEOPLE MAKE REGARDING FINANCIAL MATTERS. This is particularly strange, since he uses the identical thought process, every single hand.   Even huge insurance carriers have made, principally, the same mistake.  a. Long-term care insurance is now all-but-extinct b. ACA carriers (coops) failed entirely   Note: There isn't any doubt about Landon Tice's  command of poker. Here's an example: https://youtu.be/KHqVp7dJsTA  Impossible to invent those explanations on the fly. No way.  And, he seems like a v cool guy.  #poker #financialliteracy    Other I hijacked the background picture of the thumbnail from well-known Joe Ingram, check out his channel here: https://www.youtube.com/user/joeingram1  Your free individual health insurance quote: https://bit.ly/3doHsGJ Medicare Enrollment Resource Guide: https://bit.ly/2VDEJCF Ask Us, time is running out quickly. email: [email protected] Phone 855. 463 9688     GH2 Unfiltered: https://www.gh2unfiltered.com Financial Basics for All: https://bit.ly/3vohGJe Retirement and Medicare: https://bit.ly/3yEG0IY Maximize Your Medicare Podcast: https://maximizeyourmedicare.com/podcasts/  CONNECT: 🗞 Sign up for the MYM Newsletter: http://eepurl.com/dhigN5 📲 Maximize Your Medicare Facebook Group: https://www.facebook.com/groups/321343075192885📖 Book website: http://www.maximizeyourmedicare.com 🐦Twitter: https://twitter.com/JaeOhCFP 🐦Twitter: https://twitter.com/MaxYourMedicare

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