i completely forgot for a second about staking in poker

My wife was just staring at me with daggers. “What’s wrong with you? You’re getting staked and you’re celebrating.” But, that wasn’t the point. The point was I was going to draw this line in the sand, and I did it, and I got staked for the next three, four, or five years – until 2001. Ted Forrest was great. If I had money due – my bills were a lot less then; I had $5,000.00 or $7,000.00 a month in bills – he would just press a button and send me the money.

I was getting staked, and I had no worries. I played less; I spent more time with my family at that point. And then, all of a sudden, in 2001, I won $500,000.00 in tournaments quickly, and Ted was entitled to $400,000.00 of it, or whatever, and I was more than happy. He had faith in me, and he made a bunch of money because of me and that was great.

basically phil hellmuth reached a point where someone else would take on a lot of the risk and also eat up a lot of the profits, but poker basically just becomes phil's job and his life's stability remains in tact

completely forgot about this phenomenon

i need to re-read the theory of poker by david sklansky