Saturday August 26, 2017 at 5:21 pm
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The Poker Brat appeared on the Tim Ferriss Podcast. Ferriss, a renowned life hacker and best-selling author behind the 4-Hour Work Week, invited Phil Hellmuth on his show to discuss the tenets of his success. The 14-time bracelet winner shared how he set/achieved career goals, employed money management, and overcame rough times as a professional poker player.

FER-HELL

What can be better than listening to Phil Hellmuth talk about himself? Specifically, talk about how great he is and how it happened. I know, I know… sounds like a waste of time and loads of hot air. However in this instance, Hellmuth goes a little deeper into revealing the backstory behind his success pyramids.

The Poker Brat made a rare-non poker appearance on the Tim Ferriss Podcast. You might know Tim Ferriss as a life hacker, or entrepreneur, or author. He wrote several books including The 4-Hour Work Week, a book that drastically changed my life. In many ways, Ferriss heavily influenced me as a creative person and freelance writer. Ferriss encouraged mini-retirements and to enjoy the now instead of waiting until the end of my life when I might actually get there, or will have the proper health to enjoy the retired life. Ferriss' tip on email reconciliation preserved my sanity and helped me get into a specific routine where I devoted only two set periods a day to read/answer emails. His advice made me more productive and more importantly, it made me much happier that I regained control over my life that seemed to be completely out of control during the apex of the online poker boom.

Ferriss likes to interview world-class athletes and pick their brains. He had Phil Hellmuth on to discuss goals and making money, especially during down times.

Okay, let's get some of the more outrageous bits out of the way. Hellmuth mentioned he was so awesome in life that he helped someone come out of a coma! He said he's self-aware that he can inspire "millions of people" who watch him.

Also this was a gem… "I trust my instincts. When I'm on... I look great. When I'm off, the kids say 'Phil sucks at poker.' It's because they see my worst moments."

Hellmuth admitted he waited until he made over $1 million in net worth before he accepted a staking deal from Ted Forrest.

"You are going to have to play perfect and get lucky to beat me," Hellmuth told Johnny F'in Chan at the start of their heads-up duel at the 1989 Main Event.

Phil Hellmuth on money management

If you have guy who manages money better, he will have a much more comfortable life. It's going to look boring. Outsiders will say it looks too conservative.

PH CEASAR 2009 2
Hellmuth enters the 2009 WSOP Main Event

After his WSOP Main Event win in 1989 when he became the youngest-ever champion, Hellmuth bought a condo, set aside money for taxes, and bought a car. But he admitted he lost the rest of his WSOP score, or $300K. Hellmuth suggested that's the moment he became more focused during the down times.

"When you're young in poker, you're usually reckless. I had been taking way too many chances."

"Money management is more important than playing poker," stressed Hellmuth. "Today I have a system where I will only risk $10,000 a day when I'm playing. For me it was a big step when I implemented five years ago. I can't always tell if I'm playing poorly, or if I'm getting unlucky. There's always mystery behind how you're playing."

On his resurgence a few years ago, Hellmuth explained, "I was very defensive until 2011-12. I have all the records? Why am I so defensive? That ties in with... 'I want to be great' and I want everyone to think I'm great at games, at poker. I think that drives people away."

Hellmuth also explained his “come to Jesus moment” when he was slumming it in a $2/$4 LHE in Madison, Wisconsin.

“I was 21... maybe 22... and I had one of these weird touch points when something amazing happens to me. Weird, right?”

Hellmuth got stoned and went to a bar to play pool with a couple of friends. He realized he was wasting his life and walked out of the bar. “I opened this door... and BOOM... the sun is out and it's bouncing off the snow and it was a metaphor. I opened the door and I saw all the light. I had been in some dingy bar and I saw the light.”

That's when Hellmuth called a taxi to go home, where he wrote up a bunch of life goals and two pyramids of success.

"If I'm going to be a poker player, I'm going to be the best. I'm going to win the WSOP. I'm going to marry a beautiful woman. I'm going to buy a beautiful car. I'm going to write a NY Times Best Selling Book."

Sounds like he wanted to wake up in a Talking Heads song. Cue "Once in a Lifetime."

Hellmuth cut out the weed smoking and focused on his career. “Within 2 years, I knocked off 5 boxes on the list,” he bragged.

"Then I hit the best selling book goal. I wrote 1,500 words a day for 2 months. On ESPN, guy holds up my book and says I cashed for $17,000. BOOM. My book hits the best seller list. I walked around high for weeks. It was one of the last goals on my list."

Listen to the podcast here.

Latest news
Tuesday April 24, 2018 at 3:14 pm
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Daenarys T wins Sunday Million Take 2 for $1 million

An online player from the Netherlands and Game of Thrones fan outlasted 56,310 players to win the Sunday Million 12th Anniversary: Take 2. Yes, ship it to the Mother of Dragons. Daenarys T earned a first-place payday worth $1 million for two days of work. Daenarys T defeated the U.K.'s ThEcLaiMEer heads-up for the victory. ThEcLaiMEer banked $715K for second-place. No overlay this time around. The Take 2 had a $10 million guarantee, which did not kick in because the total prize pool topped $11.2 million.

Monday April 23, 2018 at 4:31 pm
Johnny Chan documentary film

PokerCentral produced a mini-documentary on the legendary Johnny Chan. Hear the 10-time WSOP bracelet winner give the Cliff Notes behind his storied life from working in his family's restaurant in Houston to his entry into the world of high-stakes poker. Chan won the WSOP Main Event twice and was the last person to win it in consecutive years (1987-88).

Sunday April 22, 2018 at 5:08 pm
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Sunday Million pays $1 million to first place tonight

Reminder and potential overlay alert! Cards go in the air at 14:00 ET for the Sunday Million 12th Anniversary: Take 2. First place pays $1 million with a total guaranteed prize pool worth $10 million. Platinum Passes are up for grabs too! When PokerStars ran this original 12th birthday promotion in February, the guarantee kicked in with a $1.2M overlay. Will there be another seven-figure overlay for the Take 2? The buy-in for the Sunday Milly is $215. You can re-entry up to three times and late registration lasts 4.5 hours.

Friday April 20, 2018 at 6:59 pm
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partypoker POWERFEST schedule released

The second edition of partypoker's POWERFEST kicks off on May 6 and runs for two weeks through May 20. The schedule has been released. POWERFEST features 366 events with $40,000,000 in guaranteed prize pools. At least 13 events will have a guarantee worth $1 million, while the $25,500 Super High Roller boasts a $5M guarantee. POWERFEST events have four different buy-in levels: MICRO, LOW, MEDIUM, and HIGH. Satellites are running now at partypoker for as little as $1.10.

Friday April 20, 2018 at 6:14 pm
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Reminder! Sunday Million 12th Anniversary: Take 2

In February, the Sunday Million 12th Anniversary on PokerStars missed its $10 million guarantee. The overlay was a juicy $1.2 million, with first-place banking a cool million. PokerStars will run a similar promotion for the Sunday Million on Sunday, April 22 at 14:00. The Sunday Million 12th Anniversary: Take 2 will have a $10M guaranteed prize pool, including a first-place price worth $1 million. To sweeten the reprise of the 12th anniversary, PokerStars added Platinum Passes to the mix. Participants will have multiple shots at winning a package to the $25K PSPC at the 2019 PCA.

Thursday April 19, 2018 at 3:05 am
Brandon Adams ships SHR $25K HR

Chalk up another win for Brandon Adams. The Seminole Hard Rock Casino hosted their Poker Showdown series. Brandon Adams won the $25K High Roller event for a $370,000 score. Adams finished in third place in the same $25K event last year and he got his revenge by winning it all this year. Adams banked approximately $1.2M since he won an event at the Poker Masters last autumn.

Tuesday April 17, 2018 at 10:42 pm
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Big day for online poker players in the USA. A shared player pool between Nevada, New Jersey, and Delaware arrives on May 1, 2018. Caesars Interactive Entertainment, which owns the WSOP.com, will be the first site to open doors to the three-state pool. The three states only represent 13 million people, but it's the first step in a long road to get online poker back to its heyday in the pre-Black Friday era.

Monday April 16, 2018 at 4:47 pm
Breaking News
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ElkY signs with partypoker

Bertrand Grospellier, otherwise known as "ElkY", signed with partypoker last week. The addition of Triple Crown winner ElkY as an ambassador is another bold marketing move by partypoker, who have been bolstering their roster of sponsored players over the last 18 months. ElkY will be an ambassador for partypoker.eu, which will launch later this month and become the virtual poker home for players in France and Spain.

Monday April 16, 2018 at 1:04 am
LIVE
Pascal Lefrancois wins partypoker LIVE Millions Barcelona for €1.7 million

It wasn't an ordinary Sunday in Barcelona with millions in Euros on the line for eight hopefuls. The 2018 partypoker LIVE Millions Barcelona Main Event was awarding at least three payouts worth seven-figures. The 10,300 buy-in affair attracted 1,175 players. The total prize pool nearly passed €11.4 million. Canadian pro Pascal Lefrancois defeated Adam Owen heads-up to win the title and €1.7 million. Owen banked €1.3 million as the consolation prize.

Sunday April 15, 2018 at 8:51 pm
Telex
Watch live stream - partypoker LIVE Millions Barcelona final table

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Thursday April 12, 2018 at 4:41 pm
Jake Schindler, Davidi Kitai, and Sam Greenwood win high rollers in Barcelona

Barcelona has been the hotspot of poker for the last week or so. partypoker LIVE hosted three high roller events at their MILLIONS Grand Final Barcelona. Over the weekend, Belgian pro Davidi Kitai shipped the €25K High Roller for €700,000. Canada's Sam Greenwood won the €50K for a cool million. And yesterday, American pro Jake Schindler sniffed out Stevie Chidwick's bluff to win the €100K Super High Roller for a score worth €1,750,000. Schindler is now closing in on $18 million in career tournament earnings.

Wednesday April 11, 2018 at 4:02 pm
Telex
Watch final table for partypoker LIVE €100K Super High Roller in Barcelona

The €100,000 buy-in SHR in Barcelona attracted 48 runners and a pool in excess of €4.6 million. Going into today ten remained and Jake Schindler held the lead. Also advancing to day two Erik Seidel, Brynn Kenney, Keith Tilston, Jason Koon, Stevie Chidwick, Koray Aldemir, Steffen Sontheimer, Dominik Nitsche, Jean-Noel Thorel, Mikita Badziakouski. Only top six get paid. First pays out €1,750,000. Watch the live stream here.

Tuesday April 10, 2018 at 5:11 pm
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partypoker LIVE announces MILLIONS World $25K SHR for Caribbean Poker Party

The Caribbean is always a festive atmosphere, but there's $10 million more reasons to take a holiday down to the Islands. partypoker LIVE announced a special MILLIONS World super high roller event to take place in November 2018 at this year's Caribbean Poker Party (CPP) at Baha Mar in the Bahamas. The $25K SHR will have a $10 million guarantee. partypoker will be giving away at least 100 seats online. Prize packages will be worth $32,500 and satellites will cost as little as $22.

Monday April 9, 2018 at 4:50 pm
Gus Hansen ships $270K pot with a Royal Flush

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Thursday April 5, 2018 at 4:24 pm
SCOOP
Women Poker Hall of Fame nominations announced

Eleven women were nominated this year for induction into the Women Poker Hall of Fame. The nominees include Shirley Rosario, Jennifer Tilly, Kara Scott, Maria Ho, Haley Hintze, Angelica Hael, Terry King, Karina Jett, Lupe Soto, Hermance Blum, and Mandy Glogow. The current Women Poker Hall of Fame has 19 members.

Monday April 2, 2018 at 7:15 pm
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Jamie Staples weighs in on the weigh in

Jamie Staples posted a video discussing his Ultimate Sweat victory. Jamie and his brother Matt won $150,000 from Bill Perkins for weighing in within a pound of each other during an epic weight loss/gain prop bet. After dedicating a year of his life to getting into shape, Jamie is moving on and focusing on poker. Watch his updated video here.

Thursday March 29, 2018 at 4:06 pm
Fedor Holz and Dominik Nitsche interviews

Here come the Germans! Joe Ingram interviewed two of the top tournament players in the world for his Poker Life Podcast. Dominik Nitsche appeared on Tuesday, while Fedor Holz joined Ingram yesterday. The two German shared their thoughts on all things poker including delusional tournament players, lazy strategy, and playing big cash games in Macau.

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