Bill Chen is a renowned figure in the world of poker, celebrated not only for his exceptional skills at the card table but also for his profound contributions to the mathematical underpinnings of the game. Born in Williamsburg, Virginia, Chen's journey into the world of poker was marked by a unique blend of analytical prowess and strategic insight. Educated at the California Institute of Technology, where he earned a Ph.D. in mathematics, Chen seamlessly merged his academic acumen with a passion for poker. His breakthrough came with the publication of "The Mathematics of Poker," a seminal work co-authored with Jerrod Ankenman, which revolutionized the way players approached the game. This comprehensive guide delves into the intricate mathematics behind poker strategies, making it an indispensable resource for both novice players and seasoned professionals. Chen's impact extends beyond the written word, as he has consistently demonstrated his skills on the felt. A fixture in high-stakes tournaments, he has showcased a mastery of both the strategic and mathematical dimensions of poker, earning him respect among peers and enthusiasts alike. Beyond his poker prowess, Bill Chen has also made contributions to the world of finance as head of Statistical arbitrage at Susquehanna International Group, a privately held Global trading and technology firm. His mathematical expertise has found applications in various fields, solidifying his reputation as a polymath in both academia and the competitive gaming arena. As a sought-after speaker and consultant, Chen continues to share his insights into poker strategy and game theory. His analytical mind and strategic finesse make him a compelling figure in the poker community, leaving an enduring legacy that goes beyond his impressive tournament successes. Here is what you can expect to hear on this week's episode: 0:00 Introduction 2:30 Beatable Games in College Lead to a Book 6:10 Evening Out the Variance 11:40 Keeping Up or Not Keeping Up With Current Poker Resources 14:24 Useful “Toy Games” 21:05 Evaluating Hand Values 26:39 The OG of Applying Math to Poker 29:34 Finding Game Theory Equilibrium 32:52 Playing the Algorithms 38:40 Jungleman’s First Live Tournament 40:43 It Depends On Where the Whale Sits 46:12 Ethical Prevention of Soft Play 48:45 Susquehanna International Group - Math Based Investing and Sports Betting 54:00 In-Game Sports Trading 1:00:37 The Data Doesn’t Lie 1:03:25 The Life of a Quant ▬ Winning the Game of Life ▬▬▬▬▬▬ Check out other "Winning the Game of Life" episodes: ► https://www.youtube.com/c/WinningTheGameofLife Follow Bill Chen: X (Formerly Twitter): @billchenpoker Facebook: @Bill Chen LinkedIn: @Bill Chen Follow "Jungleman" Dan Cates on social: Instagram: @wtgolpodcast @thedancates Twitter: @junglemandan Join Poker Academy today using this link: https://www.preflop.academy/?via=dan Poker strategy tips Poker tournament highlights Poker player profiles Poker player rankings Poker coaching Poker mental game