"Professional" Poker player Phil Helmuth loses a hand and whines like a pre-teen.

That's right. My dad never gambled and never lost. My granddad never gambled and never lost. It's just common sense. I'm never gonna gamble. And I bet you I'll never lose.

Well I mean, you can say that about anything.


"My dad never started a business and never went under. My grandad never started a business and never went under.

Its just common sense, I'm never gonna start a business and I'm never gonna go under."


That doesn't make it a good or bad decision to start a business. This comment is a well-spring of logical fallacies.. to list a few:

  1. Anecdotal fallacy - using a personal experience or an isolated example instead of sound reasoning or compelling evidence.

  2. Appeal to the stone - dismissing a claim as absurd without demonstrating proof for its absurdity. (gambling)

  3. False attribution - an advocate appeals to an irrelevant, unqualified, unidentified, biased or fabricated source in support of an argument. (family)

  4. Post hoc ergo propter hoc - X happened, then Y happened; therefore X caused Y. The Loch Ness Monster has been seen in this loch. Something tipped our boat over; it's obviously the Loch Ness Monster.

The folks in this video all studied the math and statistics behind gaming and used them to bend their finances into the positive. No magic, no special skills, no secrets. In the scene its well known that if you play by the statistics, you win. These people would rather sit at a poker table all day and wait for the big fish than do what is considered 'real work' but.. they did their due diligence and reap the rewards. They are more than happy to make you think they are wizards though.

Its not just common sense.

/r/videos Thread Parent Link - youtu.be