The Mindset Advantage Poker Podcast
The Mindset Advantage Poker Podcast
Elliot Roe
095 - Wayne Yap - From Financial Adversity to the Top
28 minutes Posted Feb 14, 2019 at 6:00 am.
– Introducing Wayne, his journey, and direction 01:20 – His started by playing small games in Singapore; his parent’s business was failing and he went into the army for two years at that time 02:00 – He didn’t have the money to practice his game so he downloaded poker videos and would watch them while out in the jungle while in the army 02:40 – The importance of studying 02:57 – Learning is important in any field if you want to improve and succeed 03:07 – The learner’s mindset is the most important thing 03:25 – How he ensured his improvement and success 03:32 – He had financial pressure so he felt like he had to get good 03:55 – After the army he went to Macau with some good high-stakes poker players and because he studies math and statistics he was helpful to them 04:10 – He learned from them and was valuable to them; this helped set up his network 06:05 – How long it took him to support himself through poker 06:22 – He got into high-stakes in about six years 07:05 – He didn’t appreciate it then, but does now looking back 07:42 – The mindset needed for the system used in Macau 07:53 – He said it was lucrative but killed brain cells 08:30 – Sessions run 24 30 hours and some do doubles to play longer with VIPs 09:33 – It’s not professional; after 20 hours, they are delirious and need to release awkward energy 10:50 – He knows only 5-10 people who like it to some degree; most of the time they’re miserable and tired and are doing it for the money 11:55 – He got very bonded with the people he played with; everyone became friends 12:38 – How the VIPs play in Macau 12:48 – The ones that come back to play want to be good players but don’t care about losing money 13:20 – They don’t care about the game but get to make friends with pros 13:50 – Advice for player who want to get to high-stakes 13:55 – Decide whether you want to be good at poker or be good at poker and make money 14:20 – Poker is dynamic; GTO is not the angle 15:37 – You can’t ever practically apply the exact solver outputs; you work on assumptions that can be wrong 16:30 – Don’t get stuck on the theory part 17:20 – Things Wayne sees around mindset 17:35 – The biggest mindset flaw is that people take things too seriously 18:25 – Letting emotions get to you has a negative compounding effect at the table 19:10 –The money you have is more valuable than the money you earn; find your threshold and know how much money you need and what you can afford losing 20:50 – Know your emotional limitations around losses 21:13 – What Wayne would’ve done differently 21:50 – Strategy-wise, zoom out a few levels from where you are 23:10 – Wayne’s next steps 23:25 – He explored block chain and made investments 23:45 – He wants to educate, train, and empower others 24:05 – He plans on doing cryptocurrency education and feels he brings a fresh perspective 24:33 – He’s teaching people how to play and make money playing poker; it’s important to build soft skills  Contact/Resources Wayne’s website Follow Wayne on Instagram Follow Wayne on Facebook Check out the Jump Stake website Credits Podcast Production by Podcastily
0:00
28:14
Download MP3
Show notes
In this episode, Wayne Yap, high-stakes poker professional and advisor, reveals how he made his way to the top despite severe financial adversity – and a two-year stint in the army. Elliot and Wayne discuss the importance of studying and building a network within the poker community. Listen in to hear an expert share his strategic thinking, practical game theory, and mindset mastery tips so you can jump stakes and play bigger. Visit The Mindset Advantage Podcast or find us on iTunes to subscribe, visit previous episodes, and learn more about your host, Elliot Roe. Time Stamped Show Notes: 00:50 – Introducing Wayne, his journey, and direction 01:20 – His started by playing small games in Singapore; his parent’s business was failing and he went into the army for two years at that time 02:00 – He didn’t have the money to practice his game so he downloaded poker videos and would watch them while out in the jungle while in the army 02:40 – The importance of studying 02:57 – Learning is important in any field if you want to improve and succeed 03:07 – The learner’s mindset is the most important thing 03:25 – How he ensured his improvement and success 03:32 – He had financial pressure so he felt like he had to get good 03:55 – After the army he went to Macau with some good high-stakes poker players and because he studies math and statistics he was helpful to them 04:10 – He learned from them and was valuable to them; this helped set up his network 06:05 – How long it took him to support himself through poker 06:22 – He got into high-stakes in about six years 07:05 – He didn’t appreciate it then, but does now looking back 07:42 – The mindset needed for the system used in Macau 07:53 – He said it was lucrative but killed brain cells 08:30 – Sessions run 24 - 30 hours and some do doubles to play longer with VIPs 09:33 – It’s not professional; after 20 hours, they are delirious and need to release awkward energy 10:50 – He knows only 5-10 people who like it to some degree; most of the time they’re miserable and tired and are doing it for the money 11:55 – He got very bonded with the people he played with; everyone became friends 12:38 – How the VIPs play in Macau 12:48 – The ones that come back to play want to be good players but don’t care about losing money 13:20 – They don’t care about the game but get to make friends with pros 13:50 – Advice for player who want to get to high-stakes 13:55 – Decide whether you want to be good at poker or be good at poker and make money 14:20 – Poker is dynamic; GTO is not the angle 15:37 – You can’t ever practically apply the exact solver outputs; you work on assumptions that can be wrong 16:30 – Don’t get stuck on the theory part 17:20 – Things Wayne sees around mindset 17:35 – The biggest mindset flaw is that people take things too seriously 18:25 – Letting emotions get to you has a negative compounding effect at the table 19:10 –The money you have is more valuable than the money you earn; find your threshold and know how much money you need and what you can afford losing 20:50 – Know your emotional limitations around losses 21:13 – What Wayne would’ve done differently 21:50 – Strategy-wise, zoom out a few levels from where you are 23:10 – Wayne’s next steps 23:25 – He explored block chain and made investments 23:45 – He wants to educate, train, and empower others 24:05 – He plans on doing cryptocurrency education and feels he brings a fresh perspective 24:33 – He’s teaching people how to play and make money playing poker; it’s important to build soft skills  Contact/Resources Wayne’s website Follow Wayne on Instagram Follow Wayne on Facebook Check out the Jump Stake website Credits Podcast Production by Podcastily