PokerNews
PokerNewsJan 1
Gaming

Can You Be “Player of the Year” Even if You Lose Millions of Dollars? | PokerNews Podcast #988

36 min video5 key momentsWatch original
TL;DR

Helmuth argues you shouldn't win Player of the Year if you lose money; Deeb and hosts debate whether profitability should be a prerequisite or just part of the formula.

Key Insights

1

Profitability prerequisite debateHelmuth argues that players should be profitable to win Player of the Year, but Deeb counters that requiring profit punishes winners who take shots in high buyins after successful runs.

2

Unit-based prerequisite systemA unit-based system where each buyin costs one unit and cashes pay units equal to profit divided by buyin amount could solve the POY debate while keeping the current formula intact.

3

Tightest POY race everThe 2026 WSOP POY race is unusually competitive with four players separated by only 364 points at the top, making it the tightest race in years after formula improvements.

4

Cabell disrupts entire tablesMartin Cabell's table presence causes massive disruption — seven cameras surround his table, other players beg to leave within 20 minutes, and his erratic behavior (spitting food back out repeatedly) creates an unplayable environment.

5

ChatGPT coasts to moneyA recreational player named Amit Argarwal used ChatGPT to calculate he'd only lose 16K chips by leaving for four hours mid-main event, then actually lost only 13K — demonstrating an absurd but mathematically viable escape route.

6

The WSOP app frequently posts incorrect chip counts, sometimes adding extra zeros — making official leaderboards unreliable for tracking live action accurately.

Deep Dive

The Player of the Year Profitability Debate

Phil Helmuth reignites an annual poker argument by claiming that any player winning Player of the Year while losing money overall is fundamentally wrong. His core complaint: wealthy players like Shawn Deeb can fire unlimited bullets across events regardless of results, accumulating points through sheer volume while potentially finishing down six figures for the series. Deeb fires back on social media, pointing out that winners of smaller buyins who then lose on a shot in a 250K shouldn't be disqualified, and accusing Helmuth of moving the goalposts each year depending on what helps him. The tension exposes a real systemic flaw in how POY measures success — it rewards playing lots while punishing profitability, which seems backwards for a game fundamentally about making money.

A Unit-Based Solution Takes Shape

Ryan and the panel float several fixes. Ryan proposes a multiplier system where a 250K buyin equals one unit, but a 1,500 win worth 300K equals 200 units in profit. Mike Holtz offers a cleaner solution: every entry costs one unit, every rebuyin costs one unit, and every cash pays units equal to the profit amount divided by the original buyin. This prerequisite — players must show positive units to be POY-eligible — would filter out anyone losing money while keeping the existing points formula. Todd something (pronunciation unclear in transcript) had advocated this exact approach online. The beauty of the system is that even someone firing two 250K bullets wouldn't qualify if they didn't recoup that 500K across all their cashes, yet someone crushing small buyins would remain eligible. Chad and Mike both like it as a non-invasive gate that doesn't require reinventing the entire POY formula.

The Upgraded 2026 POY Race Is Legitimately Tight

Negronu chimed into the debate to note that this year's POY system has been upgraded and is now the most competitive in years. The leaderboard backs this up: Alex Foxin leads with 3,004 points, Naawa Kihara sits just 65 points behind at 2,939, Deeb is at 2,817, and Josh Arieh trails by 177. That's an incredibly tight spread at the top compared to prior years where one grinder could run away with it. The field reflects legitimate variance and skill across different event types, not just whoever played the most high rollers. Big winners like Benson Glazer and Negronu himself have jumped into contention after strong PPC finishes, suggesting the weighted formula now properly credits legitimate tournament success instead of rewarding pure grinding. Deeb's ability to battle back from a miserable two-week stretch early in the series only to still threaten the lead shows how balanced the race has become.

Martin Cabell's Extreme Preferential Treatment Warps the Main Event

When Cabell sat next to Chad at a middle-table for three levels on day two, seven dedicated camera crews surrounded their table for five hours straight. The table was electric for the first 15 minutes — Cabell was charming and fun — but by 20 minutes in, every player was miserable and wanted out. Chad describes the scene as unplayable: the sheer volume of media presence, the cameras everywhere, the constant attention made it impossible to concentrate or play normally. What makes it worse is Cabell's hypocrisy about filming — he bars random media with passes from shooting while his own crew films constantly. His erratic eating habits (spitting food out repeatedly on camera, apparently due to heavy drug use) created a visceral disgust among the table. Ben observed that this level of disruption can only happen once a year max, or poker would die. The preferential treatment isn't just unfair — it actively damages the game experience for other players and makes their table environment hostile.

Recreational Players Experiment With Unconventional Main Event Strategy

Before the money bubble burst, recreational player Amit Argarwal had built a massive stack by level three on day one. Rather than grind it out, he consulted ChatGPT to calculate whether he could skip levels four and five, potentially coasting to day two with 100K and a massive chip advantage. ChatGPT predicted he'd lose only 16K chips in that four-hour gap; he actually lost 13K, meaning the calculation was even better than expected. He didn't make the money anyway — he got unlucky or made a mistake and deleted his Twitter in embarrassment. The story highlights both the absurdity and the mathematical logic of the main event: with such slow play and deep stacks, a well-calculated break can be genuinely profitable. Kaitlin Kaminsky supposedly tried the same thing after flopping the nuts, deciding to leave early and let the table play on without her. While most grinders would never abandon their seat, the idea reveals how exploitable the format's pacing can be for players willing to game the system.

Takeaways

  • Push for a profitability prerequisite in POY eligibility: require players to show positive units (buyins won minus buyins lost) before their name can appear on any leaderboard.
  • Stop treating the 250K and 100K+ buyins as equal weight to 10K events—lower the ceiling on high roller scoring or exclude them entirely to level the playing field for mid-stakes grinders.
  • If WSOP adds specialty POY races (low-stakes POY, PLO POY, mixed games POY), more players below whale status actually have a realistic path to winning prestige and prizes.

Key moments

4:07Helmuth's core complaint

If you lose money at the World Series of Poker, you should not win Player of the Year. Somebody who brings like 2 million doesn't give a normal person a chance. It's a massive advantage to just fire, fire, fire, fire and have no regard for money.

4:56Deeb pushes back on moving goalposts

The guy who last year's bracelets were all that mattered. Money won didn't matter. It's so funny how you move the gold post just to shit on me each year.

6:09Units-only solution proposed

A multiplier. One 250,000 buy in is one buyin. If you lose, you lost one buyin. If you buy into a 1,500 and you win 300,000, you've won 200 buyins.

11:01Negronu validates the 2026 system improvements

The POI system this year has been upgraded and it's the best and most competitive race we have seen in ages.

12:36Holloway's real frustration

I do think it's kind of a hard pill to swallow that somebody can win POI and be buried for the summer. It should be a prerequisite kind of thing.

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