That said, I don’t like doing this during the breaks – you should be taking these to relax and clear your mind, to get some fresh air or do whatever it is that you need to do. But after the tournament is over, it can be extremely valuable to remember and discuss key hands.

What do you think about the folks that come here with just enough for one tournament buy-in, and are here to take “that one shot?”

Again, it depends on that person’s financial situation, what he does for a living. If someone has a lot of money and he’s playing for entertainment, that’s fine. What’s the difference between that and going to a Lakers game with his wife, having a good time and dropping a grand? Or maybe he goes to the Blackjack table, or goes to a Vegas show? To some people, it’s just a different level of entertainment and that’s totally fine. The key is to just be in your comfort zone financially. I mean, I’d never put up $1.5K for a tournament if that’s all that I had to my name.

Along those lines, do you think that there’s a specific point you should be at as far as your bankroll is concerned when you decide to play in the series?

Of course; It’s really important to only play in tournaments where, if you lose your buy-in, you’re not totally bummed out. It’s difficult to put a point on exactly how much money that is, because everyone’s so different. Someone might have a million dollars and lose $1.5K and be really bummed out; while someone who has only $3K and loses that same $1.5K isn’t really that bothered. As long as the buy-in for the tournament isn’t an overriding factor that takes away from your ability to play poker, you should be fine. You don’t want to be continually stressed out and just holding on for the money. You don’t want to be tense and constantly pressuring yourself – you need to be able to focus just on playing poker.

How would you advise handling a bad run – should you jump back in or take a break?

It depends; if you’re playing good, and you’re well rested, and you can afford to play, don’t take any of the tournaments that you’ve planned off – play in them. If you’re playing bad and you’re tired or burned out, take a couple of days off. For myself, I map out the tournaments that I want to play in and after a week straight, if I’m barely missing the money or barely making the money, I’m just going to give it a break; take a day off, go to the pool, maybe play some cash games, maybe just get some rest, whatever. I’m going to do whatever it takes to keep my head in the game and avoid getting burned out. If you’re doing the right things, you probably don’t need to take a day off. But if you’re struggling and you’re mentally down, which does happen in tournaments, take a couple of days off. Get away from it and do what you need to do to be rejuvenated. The key is to maintain your focus, and if you’re burned out and just going through the motions, then you’re just wasting your time – and money.

What do you think is the best way to avoid burn out?

Stay as physically fit as possible and get lots of rest. It’s also really important to balance playing poker with other activities. Don’t stay at the Rio or the Bellagio; rent a condo for the summer if you’re going to be out here that long. I do all of these things – go for jogs and workouts; try to stay away from the casinos when I’m not in a tournament. Go to the movies or do whatever works for you. The point is this: do other things.

Do you have any final words of advice?

It goes back to what I said earlier: play within your bankroll. This is definitely the key to playing in the World Series and poker in general. I’ve done this for a long time, and I still battle with it on occasion. I’ve had big losses that really hurt specifically because I played too big. When you play too big, you run bad; you’ll play timid and afraid. One of the most important keys to playing poker successfully is staying within your limit. If you’ve got a bankroll that allows you to play in $300 or $500 events, then play in them. Don’t play in the $50K HORSE event if you’ve only got $55K to your name. Play with what you’re comfortable with and you won’t worry about cashing, you won’t worry about having to make the money, about going to the pit to get even – you can just come in, sit down, and play. And if you lose, you join the long list of others and you get on with it – it’s very tough to win tournaments. If the money means too much, you’re going to do crazy things and everything will go completely wrong.

What advice would you offer to someone making their first foray into the WSOP?

It’s been a long time since I was there, and I probably play a lot different from someone sitting down for the first time. For example, I’m looking to pick up a lot of chips early in a $1.5K event, and if not, I’ll enjoy the rest of the day. Whereas if it was my first or only event, I’d be playing super tight and looking to survive early on and make the most of it.

For someone that’s here for the first time, I’d advise them to stay away from the pit - it’s a money burner. If you’re here for the tournaments, stay away from the cash games, because the last thing that you want to do is stay up all night until 6AM before a tournament and possibly lose a lot of money, because then you you’re not going to be focused on your $1.5K tournament. Map out your schedule, choose the events that you want to play and can afford, get a good night’s sleep and come in realizing that it’s the World Series. Take it seriously. It’s like anything else – you don’t want to be up partying and drinking the night before. If you’re doing it seriously and want to do well, then you’ve got to treat it seriously.

I know that this sounds like standard advice, but it gets overlooked or blown off all of the time. People are miserable because they weren’t prepared and got knocked out of a tournament, so they fly over to the pit thinking that they’re going to win their $1.5K back. The next thing you know, they’re down $10K. All of a sudden, a $1.5K buy-in that was affordable has now become almost a $12K loss. The key is to stick to the game plan early on – that’s key.

I’ve seen so many people come to the WSOP with a list of things that they plan on doing, like eating good, getting exercise, going for a massage, getting plenty of rest, and staying away from the pit and live action. After two days, they’ve been drunk, lost over half of their bankroll, haven’t done the other things that they wanted to do, and they haven’t even left the casino. They’ve done everything completely wrong in the first two days. Getting off to a good start is crucial, because it’s easier to keep doing things right than it is to try and get out of trouble. On the other hand, when you get off to a bad start, everything is a lot more likely to go wrong. The discipline is sticking to your own rules.

Is there anything that you’d say to players coming specifically from an online background?

I’d advise them to stay completely focused on the game at first, like not wearing headphones for example, because you’re going to miss out on things that are really important. You don’t want to miss out on blind structures, conversations at the table – there’s too much to pick up when you’re new to this type or level of tournament play. You need to stay focussed and try to pick up as much information as you can and not be distracted; watch the play, watch the action, and listen to the conversation.

This is especially true when you’re seated with good players. Back when I first started, I remember being seated with guys like Howard Lederer and I’d listen to everything that they said and watch how they played. You can learn a lot from good players just by watching them. I specifically remember watching him and another really good player, and really paying attention to how they played every hand. If you’ve got your earphones on and you’re just staring out into space, you’re not going to learn nearly as much. It’s a totally different world from online play.