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may
16

High Stakes: Phil Galfond Tells His Story

Tags: high stakes, omgclayaiken, phil galfond, story.
Posted on 16 May 2012 by "T".

Phil Galfond,27, has won millions of dollars both online and live and he has also won a World Series of Poker bracelet and appeared on multiple seasons of GSN's High Stakes Poker. Yesterday, Galfond wrote about how he started playing poker in a blog entry titled "My Poker (+other) Story. It's very interesting reading (over 5000 words). In fact, it's a must read for all poker lovers out there...

The Beginning

I started playing online poker for fun when I was a freshman in at University of Wisconsin - Madison. I deposited $50 and began with $10 Sit-n-Go's. Clearly, I didn't know much about bankroll management at the time. I lost my first $50. I had a few thousand dollars in my bank account, mostly leftover from my Bar-Mitzvah and two summers as a camp counselor. My parents were paying for my school, housing, and a meal plan, and I never spent money on anything other than video games, so I wasn't running out anytime soon. I deposited another $50.

Once the winter of my sophomore year rolled around, I had a run that $50 up to a few thousand. I had read a handful of books, joined 2+2, bought PokerTracker, and was making about $30/hr playing Sit-n-Go's. I had recently gotten a job tutoring for SATs and ACTs, which paid pretty well for a college job (I think maybe $17/hr). They had a setup where they'd send out a schedule, and you would call in to volunteer to teach one of the available time slots.

I never called in.

Poker was my college job now, and I loved it. I didn't have a need for extra money, as I said, but the idea that I was making so much of it was very exciting. More importantly, I was competing.

I played football throughout high school, and though our team was horrible, it was my life. I loved football and I loved competing. After a year of longing, I'd found a replacement to scratch my competitive itch.

I'm an obsessive kind of guy, so when I find something that interests me, I dive in full force. I was studying and playing around the clock (though mostly playing... I've never been big on studying). Poker was like a video game, an awesome video game, and I was focused on building my bankroll, my ROI, and the stakes that I could beat.

I spent most of my nights at my desk, next to my bed, above my 6″ high carpet of dirty laundry, in my crowded little room. I'm an introvert, so I enjoy my alone time. Actually, I need my alone time. I like people, sure, but too long in a crowded environment with no chance to get away is debilitating. I need my alone time to reset. My room was poker plus alone time - heaven.

My heaven was part of a three bedroom apartment. I shared it with two girls, one of whom was sure I was gay for the majority of that year. I think it was because I had a small poster on the outside of my door of a cat with a tiara that read "I'm a Princess" (I thought it was funny), and because she never saw me with a girl (how am I supposed to meet a girl while I'm in my room learning to crush online poker and also while I'm afraid of girls?)

I met Caroline through an Improv class that I took my freshman year. She was much better than me, but to be fair, she'd done Improv in high school. I was brand new. Her and Shannon were going to live with a third girl who ended up backing out. Caroline asked one of our mutual friends from the class if he knew anyone who needed a place to live the next year. I was always leaving things to the last minute, and this time my procrastination was handsomely rewarded. Caroline and Shannon were the best roommates I could've hoped for. I lived with them for three years, and though we don't currently live in the same place, I consider them two of my closest friends to this day.

I was really lucky it worked out that way. I barely knew Caroline and hadn't even met Shannon until they "interviewed" me for the spot.

The interview included questions such as "Do you do heroin," "What's your favorite color," and "Do you have any heroin?"

I didn't have any, but they accepted me anyways.

My favorite color is green.

School and Atlas

I decided I'd be a Philosophy major. I didn't know what it would lead to in life, and I didn't much care. I found the classes really interesting, and that's much more than I can say for almost any other class I'd taken, ever. As a student, I was always an underachiever. I developed some pretty bad study habits early in life. My Mom later told me "Maybe I should've made you work harder, but you were always getting A's."

I managed to get through middle school and high school doing almost no work, though towards the end my GPA suffered (I'm fairly certain my Chemistry teacher changed her grading system to 50/50 tests/homework from 90/10 because she hated me for not doing a single homework assignment all of first semester). I don't know what it is about me, but I never was interested enough in something to do my homework or to study. I was good at tests, and I just relied on that to make it through.

College was no different. Actually, it was: There were fewer homework assignments and more tests, and most of my teachers didn't know whether I was in class or not.

So, here I was in college with a new passion, little need to go to class, and my own happy place (my room). I think we all know how the next couple of years went.

I spent roughly 50% of my time asleep, 40% playing poker, 5% with my roommates and other friends, and 5% in class.

I moved up from $20 SnG's to $30s, and then to $50s. I was playing, and studying, and loving it. I continued to have great results, and started to gain a tiny bit of recognition in the SNG community.

I now had a group of poker friends, most of whom I'd met on 2+2 and interacted with almost exclusively online. I also made a couple of "real life" poker friends. I helped them learn SnG's and they both progressed fairly quickly. I'd like to think it's because I was a good teacher.

I also started to take Improv further. Caroline and I had taken that class during the beginning of my freshman year, and I hadn't gone back. During the end of that school year, she'd auditioned for and been accepted into Atlas Improv Co., which was actually a spin off of the company we took classes with, but that's a long story. She told me that our old teacher Mary had asked about me, and encouraged me to audition.

I didn't think I did very well at auditions. Most people were less reserved than I was, willing to be more adventerous and outlandish on stage. I was very surprised to hear the next week that they wanted me at callbacks. There were 9 of us at callbacks, and damn, these people were good. Intimidatingly funny, if that's a thing.

I once again felt very outmatched, especially with my limited experience in Improv. I was much more surprised this time when I got the call that they'd accepted me into the Audition Class. I'm not sure what they saw in me to pick me over all those people, but I guess they thought I had a lot of potential. I certainly wasn't there yet.

Audition class was a grueling (not joking) 10 weeks of learning improv. I had two regular classes a week (free for me) with other amateurs, and the one private audition class with just the four of us who made it. This private class was followed by 4 hours of watching the company perform. I became friends with the other auditioners - we had to stick together. Atlas had an extremely intimidating setup. The members of the company are to remain seperate from the auditioners, and you were intimidated by their impenetrable inner circle. The fact that I lived with Caroline kind of broke the barrier a bit for me, but still, I almost never hung out with the pros while I was auditioning. It was all very secretive.

One of the auditioners, Anne, became my best friend. We did a lot of hanging, and a lot of talking about the stress of the company. Funnily enough, she also is still one of my closest friends, and is also dating and living with Thomas, another one of my closest friends (who was already in Atlas at the time, and who happened to later be my roommate in Madison and NYC).

I'll skip a lot of the improv stuff, as I assume you'd rather hear about poker. Long story short, after the 10 weeks, three of the four of us in Audition Class were accepted as full members of the company.

Outside of poker, Atlas was my life. It was a 8-14 hour a week commitment (two shows and 1-2 classes a week), and the guys and girls in the company were my best friends. This was the other defining part of my time in Madison, and the other thing that shaped much of my life, including leading me to New York.

So that was my life: Poker, Atlas, Poker, Poker, Friends, Atlas, Poker, Class, Poker, Poker, Atlas.

I continued to move up, from $50s to $100s. By the beginning of my Junior year, I was making $100-$200 an hour, and started dabbling in $200s, $1ks, and even $2k SnG's (I still hadn't completely mastered bankroll management).

The Big Decision

When I turned 21, in January of my Junior year, I made a decision. I was going to miss the first week of class and take a trip to Tunica, Mississippi to play in a $10k WPT event and a $10k WSOP circuit event. My bankroll must have been around $100k, so this wasn't the wisest BR decision, but it's something I really wanted to do. I wanted to play with the people I saw on TV, on a real stage, where I could possibly win a tournament on TV.

One of my two poker friends in Madison came with me to cheer me on and play in the cash games. They actually had a lot of Satellite SnGs, which we both played in and crushed (everyone was terrible).

I busted out of the WPT event early, but I had no regrets. It was still such an exciting experience for me, and the WSOP circuit event was even better.

I managed to survive and build up a stack. On day 1, I sat at a table with Todd Brunson. I was playing with someone from TV! Todd looked miserable most of the time, like he didn't want to be there. I was shocked and disgusted at the time (but I get it now, Todd). How could someone be living the dream, playing in a $10k buyin live poker event, and be unhappy?! It was so awesome, I just couldn't possibly understand. I decided then that I wanted to grind SnGs year round just to save up enough money to play in as many $10k events as possible.

On Day two, I sat at a table with Daniel Negreanu - one of the biggest stars in poker. He was a different story. He was having a great time, talking to everyone. He was seated near me and actually talked to me a lot. I couldn't believe it. He's a celebrity superstar poker player, and he was just talking like a regular person... to a regular person.

I continued to build my stack. This whole experience was just getting better and better.

Actually, on my first table of the tournament, I also sat next to Bill Edler, who made the tournament so much less scary for me. He's still to this day, possibly the nicest and friendliest person I've played with. I had no idea who he was at the time (before he introduced himself) and I don't think he was well known then anyways, but I still am thankful for how comfortable and pleasant of an experience he made my first WSOP event.

The tourney went on. I played on a few tables with Daniel. I played with Bill again too, and there were plenty of familiar faces who'd become my temporary friends. I was beginning to get more comfortable.

I don't remember a single hand, unfortunately, but I ended up going pretty deep. I busted somewhere around 22nd, which was good for a mincash of around $22k. I'd made my money back for the trip. I was still disappointed because I was so close to a TV final table, which was my dream, but I was mostly content with my break-even trip. (I actually won about $6k playing blackjack that night after busting out. I had a bit of a blackjack habit back then)

I went back to Madison, ready to go to my professors and collect everything I'd missed. It ended up being about 1.5 weeks of class. I loaded up my schedule online and started locating the classes, and thinking about asking them for the things I needed. I just felt overwhelmed... didn't feel like doing it.

I decided that I would take the rest of the semester off to play poker, and come back to school after the summer. I had a lot of AP credits so I wouldn't even fall behind as far as graduation timing.

Oops, Skipped Stuff, Some Flashbacks

Sometime during these last couple years, I'd taken a trip to Vegas to meet up with some other SnG pros from 2+2. I met a whole bunch of people, including (I think.. all the trips are blurring together) notables such as Raptor517, g0od2cu, theUsher, Apathy, and Daliman. Now known to most as Dave Benefield, Andrew Robl, Alan Sass, Peter Jetten, and Daliman.

Also sometime during that span, I made it out to the Bahamas for my first ever PCA. It was the first live poker tournament I'd played, and wow, it was exciting. I went fairly deep, but didn't manage to cash. I did have a memorable experience and an epiphany, however. I was in a hand with a player who was very angry from the hand right before it. I think he may have gotten sucked out on, or maybe nothing happened and he was just an angry person. I don't remember the action, but I remember that I'd gotten to the river with a missed flush draw that was now nothing but a measly Ace high.

You see, Sit-n-Go players didn't really have to play postflop. During the early stages of SnG's, you just played very tight. You'd continuation bet and then you'd give up unless you had an 8 out draw or top pair+, in which case you'd bet two or even three times! Most of the edge in SnG's came from the late game, where you needed to judge people's opening ranges, shoving ranges, and calling ranges, and run the math in your head for which hands you could shove or call with. I became very good at this rough head-math, and especially in judging the ranges of various opponents at various times. This was my edge over the other pros, I believe. I could tell when people were more or less likely to make a play based on game flow and my guesses related to their psychology.

Back to the hand. Here I was on the river with Ace high vs. a very angry man. I'd called the turn on whatever the board was, and I'd missed my flush draw. I checked, and angry man bet... and he bet angrily. It occurred to me then (embarrassingly late in my poker career) that he could've had another draw that missed, or just some random air that he was angrily betting multiple times because he was so angry. It occurred to me that I was allowed to call with no pair... something they didn't teach us in the basic guides to Sit-n-Go's.

I mulled it over. After some thinking, I sheepishly pushed my chips into the pot.

The angry man tossed his hand into the muck. Well, not "tossed" of course. He threw them angrily. I kept my cards where they were, and the dealer kept the chips where they were. I didn't know that I would be forced to show my hand. I wasn't looking for pride or recognition. In fact, I didn't want anyone to see my hand. I didn't want to embarrass the angry man and make him more angry at me.

I slid my hand towards the dealer, who flipped it up. The table erupted. Looking back now, it's strange, since nobody makes a big deal about an Ace high calldown anymore. I guess the games were different back then, or my table was full of amateurs (I think a bit of both).

The other players praised me, the angry man got angrier, and I kept my head down and quietly collected my pot, working hard to suppress a smile that was fighting its way to the surface.

After that point, I was hooked. I was hooked on hero calling, and I was hooked on postflop poker (though I didn't follow this passion just yet).

My good friend Dan (who I'll meet soon), believes that I like calling because of my personality. I'm a passive person, and I don't like aggressive people. What better way to feel satisfied than to outsmart them and make them feel stupid due to their own aggression?

It wasn't long until I started to venture away from the postflop-less SnGs. In February of my Junior year, on the advice of Peter Jetten, I made the transition from my well established roots and solid hourly rate in SnG's into the unknown world of cash games, where I could exercise my newfound calling muscles. Peter told me that there was more money to be made in cash, and Peter was right.

Cash Games

I started playing 5/10nl 6max on Party Poker. I was immediately a 5BB/100 winner (the games were extremely soft back then). I was nervous that I didn't have the fundamentals for cash games.

I hired two coaches. First, Emil Patel (whitelime), and then Tommy Angelo. Emil helped me with some preflop fundamentals, though I probably only got three hours of coaching from him.

I thought that Tommy would be teaching me about cash game strategy, but man, was I wrong. I spent a weekend in Vegas doing Tommy's coaching program. We worked on game selection, tilt control, quitting, and everything else that I wasn't looking to be taught but needed to. Tommy didn't teach me how to play poker, he taught me how to be a poker player.

Since then Tommy and I have become friends. I still call him from time to time for advice (actually did just two days ago). Emil and I became friends too, but that was bound to happen anyways, as our paths were going to cross many times.

I spent the semester in Madison playing as much poker as I could, and still doing Atlas stuff and seeing my friends. Pretty much the same as before without the minor inconvenience of class. I still played from my same desk, in my tiny room, in the same three bedroom apartment. Now though, I had two Dell 21″ FP monitors, I paid a company to do the laundry that was on my floor, and Caroline no longer thought I was gay.

The First Summer

The summer of that year, 2006, I came to Vegas for my first WSOP. I rented a house with Peter Jetten, Alan Sass, Max Greenwood, Andrew Robl, and the aforementioned Dan Quinn.

I learned more about poker that summer than I had in any full year thus far. Poker is what we had in common and poker is what we talked about. We were all students of the game, and learning together had a multiplying affect

Sure, we had fun too (too much fun for my taste). We were young and in Vegas for the first long time, so there was plenty of partying. It actually was a pretty stressful summer for me because I didn't get to have much alone time at all.

It was during this summer that I started taking shots at bigger games. 5/10 and 10/20 were still my main games, but I started to try my luck at 25/50 and even 50/100 when the games were good.

I ran up $100k in a day on UB at 10/25 and 25/50, and promptly lost it back. The games weren't good there, as I was mostly playing with Taylor Caby (Green Plastic) and Prahlad Friedman (Mahatma/Spirit Rock). I started playing in some FTP games. I believe I've talked about this more than once in the past, but I played my most memorable hand one night that summer.

Everyone had left. Most people were out partying, and I remember Andrew went to play poker somewhere. I was alone in the living room, one tabling on my laptop against 10lbBASS. The hand went a little something like this:

$50/100nl hu

I have KQs

He raises button to $300
I 3bet to $1111
He calls.

Flop 236r

I bet $1111, He calls.

Turn 2o

I check. He bets $3300 into a pot of $4444, leaving me around $3200 behind (he had me covered).
I go into the tank (though not for that long... no timebanks back then)

He wouldn't have called preflop with a 2 in his hand, and he wouldn't bet that big on the turn with a 6. He could somehow have an overpair or a set, but very unlikely. He was the type of player who floated a lot of flops. Could I actually shove this hand? It seems like my thought process was leading me there.

As I realized I was deciding to shove, my heart was racing. I was already down $20k that day, and I didn't have that much money left. "I shouldn't be playing this high," I thought. Tommy had taught me better.

I inched my cursor over to the raise button and clicked. All-in.

He went into the tank. As his timer counted down, I was trying to think about what he could have that didn't already make a decision. I had no idea, actually. Maybe he bet with 55 and thinks I have an overpair now? (heart beating) ‘Well if he does call I still have 6 outs, so, it's okay Phil. Good play, no matter what. Don't worry.'

With about half a second left, he called. My heart sank.

His cards turn over... KJo

My heart did whatever the opposite of sinking is for hearts. I just got $10k in with GREAT equity. Nice work, Phil. Oh man, this is awesome. I'm going to get unstuck for the day. Maybe I'll even run it up and go on a huge heater!

River... J

???

I didn't know what to think. Bad things, of course, but I wasn't sure what specifically to think or feel. I just felt, I don't know, like I wish that didn't just happen. That's all it felt like. I wish I'd have won that pot, I wish I didn't play so big in the first place. I was a devastated. I didn't have any money left in my Full Tilt account, so that was it for me.

Andrew came home soon after to find me sitting on the couch in the dark. I told him what happened. He told me he just got "pwned by Wayne Newton" in a big pot at Bellagio. He wasn't devastated though. He let out a signature Robl laugh... you know what I mean if you've met him.

Everyone came home eventually. I remember spending a lot of time talking to Max about being depressed about it. Everyone was understanding and tried cheering me up.

The thing about me, when there's something wrong, regardless of what it is, I don't just "get over it." I need to do something about it. I need to make a plan that will improve whatever the problem is. I made my plan that night- go back to 5/10, grind endlessly, and get it back. Easy. Sadness lifted, determination activated.

The next day, it was back to work. I was on a mission, and I felt motivated and happy.

It was during this summer that I first met durrrr, now more commonly referred to as Tom Dwan, the man, the myth, the legend. We became only friendly acquaintances over this summer, and it wasn't until Fall of that year, and the following summer (when we were roommates in Vegas) that he became my good friend, a year which also introduced me to good friends, Z and Hac Dang. These three became a huge influence on the growth of my poker game, and especially my PLO game. I don't think I'll get that far in this post though.

Senior Year

Fall started and I enrolled in classes back at UW. I began going to class, playing poker, performing, just like old times.

At that point, I figured I was making around $500 an hour playing poker. I would stare at my professors and not hear a word they were saying. I'd think about poker, about my next shot, about strategy, about my goals. I just couldn't take school seriously at all.

After a couple of weeks, I decided to stop going to school for real. I told my parents. I showed my dad my PT graphs, and my hand samples. I explained it as best I could to both of them.

I learned later that my Mom was crushed by my decision, but at the time she completely hid it. I'm not sure how she did that, or how she thought so quickly to do it, but I'm thankful for it. Knowing I was potentially breaking her heart would've taken a lot of the drive out of me.

My Mom told me she didn't understand, but she trusted me and knew I'd make a responsible decision. My Dad understood. He said he wished I would stay in school, but he would've done the same thing if it were him.

So that was that- I was a full time poker player (and part time improvisor)

My friend Dan (from Vegas) had coincidentally just moved to Madison for his girlfriend (now wife). We helped take each others' games to the next level. I built up my roll and took another shot at 25/50 and 50/100. It didn't work that time either, and I moved back down.

The key for me was my ability to move down and take it seriously. Some people can't move way down after a big shot and loss, but I always could. I would take a 4-5 buyin shot at some bigger games, and immediately move back down and grind if it didn't work. I don't recommend this for most people, but it worked well for me.

Dan would sometimes come over with his laptop and we'd both just play poker all day. I had a bigger room now.

I was in a new apartment, though just as cheap. I never really spent any money until I moved to NY two years later. Caroline spent a semester in South Africa, so Shannon and I moved into a two bedroom across the street.

Hindsight

So, I dropped out of school to play poker. Would I do it again? Do I regret it?

The truth is, I do regret dropping out, and actually, I regret getting so serious about poker so early on. I don't mind the fact that I don't have a degree (what's a Philosophy degree worth anyways?), but I mind that I missed out on being a college student. I missed out on some of my youth.

Sure, I was still hanging out with friends, some of whom were students, but it wasn't the same. I had other focuses, responsibilities. I had job offers from training sites, accountants to hire, bankroll decisions to make. I grew up too quickly.

I wish I would have stayed in school and played a little bit of poker on the side, but not so much that it almost consumed my life like it did.

You can always go back to school and get a degree, yeah, but you can't go back and be 21 again.

I have a lot more to say about making a big decision like this, but I'll save that for another post. Please don't interpret this post as my view on what you should do with a large life decision. That will be covered in my next post. For now I'll just wrap up.

The Rest is History

I spent the rest of that year doing the same things I'd been doing. I was loving poker, Atlas, my friends, life in general.

After "Senior" year, things started to change. Shannon moved away, along with many of the other friends I'd made. As much of a city as there is in Madison, it's still a college town (an awesome one, I might add). People graduate and leave. This is what eventually led me to New York. I wanted to buy a home and stay in the same place, and I didn't want all of my friends to keep leaving. Thomas and I followed Caroline, Anne, and not-yet mentioned friends Gabe and Theresa, along with many other friend/acquaintances to the Big Apple.

But first, in my "Super-Senior" year in Madison, I moved into a 5 bedroom house with Thomas, Josh, and Dave... three extremely awesome guys from Atlas. I had two rooms now: One bedroom and one office. Both were on the top floor, and both were the only rooms with full bathrooms in them. Everyone had to use the shower in my office, which was interesting.

I had another amazing year living with them. I've really lucked out with roommates throughout my life. My five years in Madison (actually, just the last four) were the best years of my life to date. That's not to say I'm not happy... I am. But those were years full of laughter, fun, poker, great new friendships, and it was still before I started to have real grown up responsibilities.

I had plenty of room in my new office for Dan to come over and play, or for me to store my mountains of empty gallon jugs of water and empty boxes of protein bars. I now had two Apple 30″ Monitors, and my comfy Aeron chair. Still was working on a fold out table as a desk, but overall, a nice setup.

Towards the beginning of that year, I took another shot at some bigger games. This time I didn't look back. $25/$50 and $50/$100, then $100/$200, and eventually $200/$400. I was playing a lot of HU and some good 6max games ran too at higher stakes back then too. Every time I beat someone up at a level, I'd move up to the next level and play the next "boss."

The competition was getting more and more exciting. My drive was getting stronger. The video game was becoming more real.

People online soon started talking about OMGClayAiken.

 


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7 comments for "High Stakes: Phil Galfond Tells His Story"

 Fakiry16/05/2012 14:31:47 GMT
His beginner errors are awesome, about the bankroll management, it is just remembering what we did when we started. And his first $10k event was also an event to remember. First sitting near Todd Brunson and realizing how many pros feel now that the thrill of the beginning of poker career has passed, and then sitting next to Daniel Negreanu and watch a pro behaving just like a normal person, which is exactly what he is, but media has the effect of putting people like him in a pedestal. Now is Phil Galfond who is reaching that status… still have a lot to do, but already have done a lot!
 noonlion16/05/2012 15:56:54 GMT
Thats an awesome story.

I think a lot of people with his skill would have left college earlier than he did, got big headed, left their old life behind and blown their BR - he's level headed for sure.

Interesting what he says about being an introvert and needing alone time - i get that.
 pochui16/05/2012 16:41:07 GMT
nice story- always interesting to hear what the pro's of nowadays have to say, what was their path to glory etc. the moral to the story i think is that all great things start from small ones, just take step by step and you will be heading towards your dream. good luck everyone in making their dreams a reality
 P1ntar0la16/05/2012 22:08:28 GMT
Good story... a bit too long however. Great man, great player.
I liked the KQ vs KJ hand story. If I were in his position if felt like getting the car and kicking the ass of the villain… no matter where he is…LOL. Villain call at the turn is to bad to be true.
 doomdy18/05/2012 04:37:54 GMT
Great story, read it all.
Funny to see most players have ''the gamble'' inside, like Galfond BlackJack, but they know its a EV- game.
 WinAllDay18/05/2012 14:21:40 GMT
my hero
 daryan1118/05/2012 16:41:37 GMT
Interesting story..

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