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Bill Chen (@BillChenPoker) is a quantitative researcher at the Susquehanna International Group and the co-author, with Jarred Ankenman, of The Mathematics of Poker. We talk to him about the connections between poker and trading, and Nate dares to make a math prop bet against him.
Timestamps
0:30 hello
15:21 strat
32:35 bill
Strategy
Local card room. It’s still early in a big blind ante tournament; 3rd level. Starting stacks are 15k. EP just got crippled in a hand and is down to 4k. He shoves. MP shoves for 15k and seems like not an idiot. It folds to Hero who has AKo and a 50k stack.
My grand parents cottage was next door to the fernholz’s camp. The guy who created stochastic portfolio theory. I am friends with his son who has a Phd in like computer math or something beyond me. We were hanging by the lake and I told him i read the mathematics of poker and I think I fully grasped like 10% of it. He replied “Ya that book is super complicated!” I think that was the day poker officially became a hobby! 🙂