Late Reg Podcast

Welcome to the second part of this conversation.
This time around, Bill breaks down the real rules of leverage trading, from sizing your positions to avoiding liquidations when the market goes wild. He drops a few crazy personal stories along the way.
We also get into the real talk on global energy comparing wind, solar, nuclear, and geothermal, and why energy abundance equals national wealth. Plus, Bill shows us how he uses autonomous AI agents to automate his life and business.

🎙️ LATE REG PODCAST — EPISODE 22
♠️ Guest: Bill Perkins
🎤 Brian Rast
🎤 Phil Laak

Play on Phenom Poker with code: latereg
🔗 Join Phenom Poker: https://play.phenompoker.com/register?r=latereg

__________________________________

🔗 Follow the Late Reg Podcast:
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⏱️ CHAPTERS:

00:00 Part Two Setup & Technical Recap
0:43 Welcome Back: Bill Perkins Part Two
1:08 Leveraged Trading: Risk Management & Staying in the Game
4:54 Brian Rast’s Bitcoin Liquidation Lessons
10:10 Conviction Trades, Drawdowns & Position Sizing
12:54 Bill’s Polar Vortex Trade & 50% Drawdown
15:24 Black Swans, Options & How Leverage Can Wipe You Out
18:08 BitMEX, Liquidity & Getting Liquidated Near the Bottom
20:03 When Your Net Worth No Longer Fits in Your Pocket
21:35 The Silver Briefcase Full of Cash
24:05 Organizing Wealth, Bank Accounts & Estate Planning
28:25 Buying the Lake Austin Dream House
39:11 Phenom Poker Break
40:10 Clean Energy: Wind, Solar, Geothermal & Nuclear
44:28 AI, Data Centers & America’s Growing Energy Demand
46:23 China, Nuclear Power & the Future of Energy
52:11 Why Energy Security Is National Security
1:00:15 The Future of Energy: Geothermal, Fusion, Solar & Natural Gas
1:08:10 AI, Medicine, Robots & the Coming Energy Boom
1:19:05 How Bill Perkins Uses AI & AI Agents
1:25:22 SkyFi, Satellites & Earth Intelligence
1:34:42 Building an AI Agent Team
1:45:00 Staying on the Cutting Edge of AI
1:49:56 Open-Source Intelligence & Bill’s AI Startups
1:54:48 AI Meets Poker: Data, Bluffing & Heads-Up Strategy
2:04:16 WSOP Paradise & Final Thoughts
2:05:17 Outro: Productivity vs. Enjoying Life

We dive into balancing health, wealth, and time, taking massive risks, and snapping off autopilot. Bill Perkins breaks down his million-dollar trading mindset, behind-the-scenes details of his heads-up poker match against Landon Tice, buying Ernie Barnes’ *Sugar Shack* painting, and why converting money into real life experiences takes practice.

🎙️ LATE REG PODCAST — EPISODE 21
♠️ Guest: Bill Perkins
🎤 Brian Rast
🎤 Phil Laak

Play on Phenom Poker with code: latereg
🔗 Join Phenom Poker: https://play.phenompoker.com/register?r=latereg

__________________________________

🔗 Follow the Late Reg Podcast:
📸 Instagram → / lateregpodcast
🐦 X (Twitter) → / lateregpodcast
📺 YouTube → / @lateregpodcast

⏱️ CHAPTERS:

0:00 Welcome to Late Reg: Bill Perkins
0:57 Why Bill Perkins Got Addicted to Wake Surfing
7:55 Fitness, Night Surfing & Staying Safe as You Age
10:51 Longevity: Could Bill Perkins Live to 140?
11:52 Would You Give Up Your Wealth to Be 21 Again?
14:41 Die With Zero: Health, Wealth & Time
18:45 The Life Calendar: Making Every Week Count
20:54 Why Bill Perkins Wrote Die With Zero
23:23 Bill Perkins vs. Landon Tice: The Heads-Up Challenge
25:03 Studying Poker, GTO & Exploiting Opponents
32:54 Poker, Trading & Learning at an Elite Level
35:03 Energy Trading, Venture Capital & Building Wealth
38:56 Phenom Poker Break
39:59 Brian Rast’s Brutal Bike Prop Bet
45:04 Bill Perkins’ Biggest Jump in Net Worth
46:34 The Car Crash He Hid From His Mom
49:22 Testosterone, Risk-Taking & Overconfidence
52:44 How Much Money Do You Actually Need to Survive?
56:57 The Moment Bill Realized He Could Stop Working
57:17 Does More Money Really Make You Happier?
59:16 Building the Jupiter Supper Club in Austin
1:03:18 Turning Money Into Fulfillment
1:04:57 Expensive Purchases That Brought No Happiness
1:06:26 Alcohol, Drugs & Avoiding the Wrong Experiences
1:07:46 Lamborghinis, McLarens & Materialism
1:10:02 The Story Behind Bill Perkins’ “Sugar Shack” Painting
1:13:02 Art, Culture & Preserving History
1:15:51 The Wild Auction Battle for “The Sugar Shack”
1:17:43 Why Bill Believes the Painting Is Undervalued
1:20:36 Afroman, Free Speech & “Lemon Pound Cake”
1:23:06 Why Bill Perkins Loves Prop Bets
1:24:13 Using Bets to Push People Beyond Their Limits
1:25:44 Bill’s Own Body-Fat & Discipline Prop Bets
1:28:23 Surviving the Mud at Burning Man
1:30:43 Bill Perkins’ Biggest Financial Losses
1:31:26 Why Traders and Poker Players Need Stoicism
1:32:40 Losing Money, Losing His Job & Starting Over
1:33:29 Building Systems to Stay Off Autopilot
1:35:33 Bill Perkins’ Best Advice for Traders
1:38:10 Connection Issues & Wrapping Up Part One

Dive into the reality of high-stakes poker, the transition from cash games to tournaments, sports cards, and why grinding cash games hits different when you’re doing it for fun versus making a living. Plus, Jared breaks down his unfiltered, no-holds-barred approach to poker commentary: calling games exactly as he sees them.

🎙️ LATE REG PODCAST — EPISODE 20
♠️ Guest: Jared Bleznick
🎤 Brian Rast
🎤 Phil Laak

Play on Phenom Poker with code: latereg
🔗 Join Phenom Poker: https://play.phenompoker.com/register?r=latereg

__________________________________

🔗 Follow the Late Reg Podcast:
📸 Instagram → / lateregpodcast
🐦 X (Twitter) → / lateregpodcast
📺 YouTube → / @lateregpodcast

⏱️ CHAPTERS:

00:00 Welcome to Late Reg: Jared “Blez” Bleznick
1:25 How Blez Got Into Poker Commentary
5:42 Why He Commentates for Free
8:00 Tournament Poker vs. Cash Games
12:39 Loss Aversion, Focus & Poker Discipline
17:45 Mixed Games and Growing Poker Beyond Hold’em
22:25 Blez’s Poker Origin Story
24:22 Discovering Online Poker at Military School
29:13 Dropping Out & Becoming a Millionaire by 20
34:02 Falling in Love with PLO & Crushing Heads-Up
39:03 Black Friday: $4 Million Trapped Online
43:13 Zigmund, Tough Opponents & Heads-Up Poker
48:57 Poker’s Old-School Generation & TV Personalities
58:56 Shot Clocks, Slow Play & the Future of Poker
1:05:22 Blez’s Greatest Poker Moments
1:08:26 The $1 Million WSOP Fantasy Bet
1:14:17 WSOP Obsession, Sean Deeb & the Full-Schedule Grind
1:21:26 Tom Marchese & the Move Into Sports Cards
1:24:03 Buying the First Card Store
1:30:27 Leadership, Delegation & 250 Employees
1:32:51 Building Card Breaking Into Entertainment
1:38:34 Japan, Celebrities, eBay & Going Mainstream
1:40:29 From Childhood Collector to Million-Dollar Cards
1:53:08 The Hottest Card Markets & Investing for Profit
2:01:24 Fanatics, Growth & the Future of Sports Cards
2:04:35 Building a Tech Platform & Going Viral at the Poker Table
2:10:07 From Poker Player to Businessman
2:17:03 Why Blez Thinks Poker Commentary Is Broken
2:24:46 Why Poker on TV Is Boring
2:35:58 Nick Schulman, Acting & Blez’s Next Chapter
2:40:14 Poker vs. Sports Cards: Which Was More Fun?
2:53:36 Why Blez Never Took Investors & Hates Markup
3:00:59 Private Deals, Selling Action & Side Bets
3:07:17 How Phil Laak Met Antonio Esfandiari
3:10:30 How Phil Laak Met Jennifer Tilly
3:14:09 Relationships, Dating & Wanting a Family
3:21:58 Respect for Brian Rast, Phil Laak & Their Generation
3:27:11 Passion, Poker Study & the Old-School Approach
3:33:21 Solvers vs. Natural Poker Talent
3:41:33 The $100K PLO High Roller & Tournament Variance
3:44:11 Final Thoughts & Outro

Jeremy opens up about moving to Las Vegas in 2005 with only $6,700 to his name, capitalizing on Full Tilt’s cap games, making his iconic 2012 Main Event Final Table run during a high-risk and how a wild miss-click accidentally saved his tournament and netted him $1.8M.

🎙️ LATE REG PODCAST — EPISODE 19
♠️ Guest: Jeremy Ausmus
🎤 Brian Rast
🎤 Phil Laak

Play on Phenom Poker with code: latereg
🔗 Join Phenom Poker: https://play.phenompoker.com/register?r=latereg

__________________________________

🔗 Follow the Late Reg Podcast:
📸 Instagram → / lateregpodcast
🐦 X (Twitter) → / lateregpodcast
📺 YouTube → / @lateregpodcast

⏱️ CHAPTERS

00:00 - Podcast Intro & Guest Accomplishments
02:58 - Discovering Poker in Colorado & College Years
07:39 - Detailed Record Keeping & Poker Mindset
16:03 - Arriving in Vegas with $6,700
21:49 - Building the Bankroll: Live Cash to Doyle's Room
35:25 - Dominating Full Tilt Cap Games
41:03 - Black Friday Impact & Recovering Balances
43:20 - 2012 WSOP Main Event Deep Run (5th Place)
57:03 - Memorable Cash Game Opponents & High Stakes Era
01:02:43 - Launching the Poker Vlog & Authentic Content
01:09:23 - Personal Life: Music, Guitar, & Piano
01:21:18 - Raising Kids & Attention Spans in the Digital Age
01:31:16 - Using Solvers & Studying Strategy
01:40:00 - $1.8M Triton Win & The Famous Missed-Click Hand
01:50:50 - Tough Poker Losses & Final Table Heartbreaks
02:14:00 - Career Longevity & Staying Motivated Today
02:25:58 - Outro

Jennifer opens up about some of her wildest first dates, her journey into poker, winning a WSOP bracelet. She also shares stories from her Hollywood career, her friendships and experiences with some of the biggest names in poker, and some of the unforgettable moments she’s experienced along the way.

🎙️ LATE REG PODCAST — EPISODE 18
♠️ Guest: Jennifer Tilly
🎤 Brian Rast
🎤 Phil Laak

Play on Phenom Poker with code: latereg
🔗 Join Phenom Poker: https://play.phenompoker.com/

__________________________________

🔗 Follow the Late Reg Podcast:
📸 Instagram → / lateregpodcast
🐦 X (Twitter) → https://x.com/lateregpodcast
📺 YouTube → / @lateregpodcast
CLIPS CHANNEL → / @lateregpodclips

⏱️ CHAPTERS

00:00 Episode Preview
1:46 Welcome to Late Reg with Jennifer Tilly
4:33 How Jennifer Tilly & Phil Laak Met
9:28 The “Unabomber” Reveal & Exchanging Numbers
18:08 Their First Date
25:01 Poker Lessons, Falling in Love & Moving In
34:24 Jennifer’s Poker Career Takes Off
45:00 Winning a WSOP Bracelet
56:43 The Wild Macau High-Stakes Years
1:06:26 Brian Rast, Staking & Big-Money Poker
1:10:12 Why Jennifer Tilly Loves Poker
1:17:05 Acting, Hollywood & Meg Tilly
1:23:37 Bullets Over Broadway & Woody Allen
1:34:53 Macau Cash, Casino Winnings & Civil Forfeiture
1:38:53 When Acting Roles Follow You Home
1:49:42 Returning to Acting: Chucky, School Spirits & Theater
1:51:04 Bound, The Wachowskis & The Matrix
1:58:19 Keanu Reeves, The Matrix & Private Poker
2:02:28 Inside The Real Housewives of Beverly Hills
2:09:51 Phil Laak Joins RHOBH & Poker with the Housewives
2:15:13 How Reality TV Is Manufactured
2:20:11 Reality TV Fandom & Performing for the Cameras
2:26:57 Jennifer Tilly’s Best One-Liners: “Jenniferisms”
2:29:34 Telepathy, Psychic Moments & Intuition
2:34:22 Poker Intuition, Empathy & Psychic Reads
2:37:47 Closing Thoughts
2:38:24 Jennifer Tilly Signs Off

From Bell Labs to the government's top-secret Stargate program at SRI, Dr. Dean Radin breaks down the science of remote viewing, presentiment, and how human intuition shapes high-stakes performance in poker and casino gaming.

🎙️ LATE REG PODCAST — EPISODE 17
♠️ Guest: Dean Radin & Andrew "LuckyChewy" Lichtenberger
🎤 Brian Rast
🎤 Phil Laak

Play on Phenom Poker with code: latereg
🔗 Join Phenom Poker: https://play.phenompoker.com/

__________________________________

🔗 Follow the Late Reg Podcast:
📸 Instagram → / lateregpodcast
🐦 X (Twitter) → https://x.com/lateregpodcast
📺 YouTube → / @lateregpodcast
CLIPS CHANNEL → / @lateregpodclips

⏱️ CHAPTERS :

00:00 Dean Radin & the Science of Psi
03:52 Project Stargate & Remote Viewing
10:40 Can Your Body Sense the Future?
18:06 Is Psychic Ability Genetic?
22:02 Genetic Engineering & the Brain
29:38 Casinos, the Moon & Geomagnetic Fields
38:29 Telepathy, Clairvoyance & Psi
42:04 Consciousness & the Nature of Reality
43:47 Quantum Physics & Entangled Minds
53:40 Poker, Intuition & Game Theory
57:29 Luck, Manifestation & Probability
1:01:21 Coherence, Synchronicity & Poker
1:03:21 Mystics, Saints & Psychic Abilities
1:09:37 Can Consciousness Affect Spacetime?
1:14:14 The Spacetime Experiment
1:21:30 Time Paradoxes & Quantum Nonlocality
1:25:20 Can the Future Influence the Past?
1:28:31 Flow State, Meditation & Poker
1:33:54 Measuring Poker Players with EEG
1:38:58 Final Thoughts & Future Experiments

High-stakes strategy meets spiritual philosophy and total accountability.
Poker legend and entrepreneur Andrew “Lucky Chewie” Lichtenberger. Andrew opens up about his journey from losing millions in early investments to rebuilding his bankroll, embracing GTO solvers, and co-founding Octopi Poker.

🎙️ LATE REG PODCAST — EPISODE 16
♠️ Guest: Andrew "LuckyChewy" Lichtenberger
🎤 Brian Rast
🎤 Phil Laak

Play on Phenom Poker with code: latereg
🔗 Join Phenom Poker: https://play.phenompoker.com/

__________________________________

🔗 Follow the Late Reg Podcast:
📸 Instagram → / lateregpodcast
🐦 X (Twitter) → https://x.com/lateregpodcast
📺 YouTube → / @lateregpodcast
CLIPS CHANNEL → / @lateregpodclips

⏱️ CHAPTERS

00:00:00 Intro & The $100k Buy-in Story
00:01:08 Welcome to Late Reg Podcast
00:04:12 Discovering the Non-Physical Reality
00:05:31 Intuition and Flow State in Poker
00:10:39 Hermetic Philosophy & One Consciousness
00:17:30 The Limits of Science and Human Knowledge
00:21:00 Blending Science with Spirituality
00:26:50 Bankroll Management & High-Stakes Tournaments
00:30:40 Recovering from Bad Investments
00:35:32 The Secret to Unconditional Positivity
00:40:13 Radical Self-Responsibility & Growth
00:51:06 Why You Should Always Document Bets
00:54:23 Upcoming Poker Plans & Tournaments
00:58:48 Lucky Chewy's New Book: The Holistic Poker Codex
01:04:20 Poker as a Mind Sport vs. Casino Gambling
01:11:35 Heart-Mind Coherence and Beating Roulette
01:16:49 Full Moon Effects & Dean Raden's Background
01:18:21 Telepathy vs. Clairvoyance
01:20:16 Presentiment & Body Reactions
01:20:50 Dr. Dean Raden Joins the Show
01:21:14 Retrocausality: Can You Influence the Past?

Matt Valeo, founder of Phenom Poker. We dive deep into his transition from professional poker player to tech entrepreneur, the structural issues with high rake in modern online poker, the true utility of Web3 crypto assets, battling high-stakes downswings and how decentralized technology is reshaping game integrity and player ownership for the future of online gaming.

🎙️ LATE REG PODCAST — EPISODE 15
♠️ Guest: Matt Valeo
🎤 Brian Rast
🎤 Phil Laak

Play on Phenom Poker with code: latereg
🔗 Join Phenom Poker: https://play.phenompoker.com/

__________________________________

🔗 Follow the Late Reg Podcast:
📸 Instagram → / lateregpodcast
🐦 X (Twitter) → https://x.com/lateregpodcast
📺 YouTube → / @lateregpodcast
CLIPS CHANNEL → / @lateregpodclips

⏱️ CHAPTERS

00:00:00 - Introduction to Late Reg Podcast
00:02:16 – Travel Stories & Lessons Learned Traveling with a Baby
00:08:42 – Dual Citizenship, Visas, and Language Immersion
00:21:26 – Wild Poker Travel Stories: Monsoons & Casino Blackouts
00:25:27 – The Vision Behind Phenom Poker & What Reality Taught Them
00:28:57 – Crypto, Tokenization of Equity, and Accessing Walled-Off Assets
00:40:00 – Phenom Poker's Pivot to Token Staking & Dividend Model
00:49:19 – Breakdown of Rake Models: Phenom vs. Competitors
01:01:10 – Is High Rake Turning Poker into a Casino Game?
01:05:15 – Anti-Competitive Practices & The Future of Online/Live Poker
01:07:37 – Expanding Game Offerings: Taiwanese Poker & Niche Variants
01:11:43 – WSOP Deep Runs, Heads-Up Battles, & Mixed Game Strategy
01:21:46 – Historic Poker Hands: Facing Phil Hellmuth
01:27:51 – Transitioning from No-Limit to Mixed Games for the Love of the Game
02:07:49 – Final Thoughts / Episode Wrap-Up

Scott gets real about his recent Poker Hall of Fame snub, why he thinks GTO theory is killing the aesthetic of the game, and how getting undervalued directly fueled his insane three-bracelet summer run.
We also take a detour away from the felt to talk about his time solving the insane MIT Mystery Hunt, and a legendary Lehman Brothers story that you just have to hear to believe.
If you love deep-dive table psychology, wild side-stories, and unfiltered high-stakes talk, you're going to love this one.

🎙️ LATE REG PODCAST — EPISODE 14
♠️ Guest: Scott Seiver
🎤 Brian Rast
🎤 Phil Laak

Play on Phenom Poker with code: latereg
🔗 Join Phenom Poker: https://play.phenompoker.com/

__________________________________

🔗 Follow the Late Reg Podcast:
📸 Instagram → / lateregpodcast
🐦 X (Twitter) → https://x.com/lateregpodcast
📺 YouTube → / @lateregpodcast
CLIPS CHANNEL → / @lateregpodclips

⏱️ CHAPTERS
00:00 – Introduction & Career Parallels: Why Scott and Brian’s poker trajectories mirror each other.
04:36 – The $100 Hand Prop Bet: Exploiting opponents who show their cards for cheap information.
07:09 – The 3 Types of Poker Games: Scott’s breakdown of studs, pot-odds, and equity-heavy games.
12:09 – The Lone Wolf Mentality: Why collaboration works in mystery hunts, but not always in poker.
17:40 – The Death of Poker Aesthetics: Moving away from GTO chess theory back to "Wild West" play.
22:22 – Hall of Fame Snub: Scott’s honest reflection on why he cared about not getting in.
33:08 – Fixing the HOF Voting System: Why the NFL’s reporter-nomination system could fix poker.
41:23 – Pure Motivation: How being undervalued triggered a 3-bracelet summer.
49:21 – Inside the MIT Mystery Hunt: Solving 130+ impossible puzzles over a single weekend.
1:01:17 – Video Games as Art: Outer Wilds, Disco Elysium, and lowering the barrier to empathy.
1:13:08 – The Ultimate Lehman Brothers Story: Working an internship during the World Cup and quitting early.
1:16:35 – Psychopaths in Bobby’s Room: What mental toughness actually means at the highest stakes.
1:23:30 – Live Reads vs. Invented Stories: How to stop telling yourself what you want to happen in a hand.
1:32:00 – Table Persona & Multitasking: Using conversation as a tool to destabilize opponents.
1:32:40 – Table Persona & Parallel Processing: Using fast-paced conversation as a tactical tool to overwhelm opponents' bandwidth while tracking action.
1:36:10 – Navigating Ego at the Highest Stakes: Managing tilt, acknowledging mistakes, and keeping pride from dictating hand selection in high-stakes lineups.
1:42:05 – The Evolution of High-Stakes Mixed Games: How mixed game dynamics, game selection, and player pools have shifted over the last decade.
1:48:30 – Poker vs. Life Beyond the Felt: Balancing the intensity of professional poker with outside passions, relationships, and personal growth.
1:54:15 – Rapid-Fire Questions & Final Thoughts: Scott answers quick-hit questions, shares final pieces of advice for aspiring mixed-game players, and wraps up the interview.

Mixed-games master Chris "DeathDonkey" Vitch joins the Late Reg Podcast! In this episode, Chris breaks down how mastering StarCraft fueled his poker career, why he approaches high-stakes games like "leveling up" a character, and the exact mindsets required to win WSOP bracelets.

🎙️ LATE REG PODCAST — EPISODE 13
♠️ Guest: Christopher Vitch
🎤 Brian Rast
🎤 Phil Laak

Play on Phenom Poker with code: latereg
🔗 Join Phenom Poker: https://play.phenompoker.com/

Subscribe for new episodes every week.

Late Reg Podcast Episode 11 welcomes Phil Sternheimer for a deep dive into poker, high-stakes competition, and the stories that come with spending years around the game.

Phil joins Brian Rast and Phil Laak for a wide-ranging conversation about his journey through poker, the people and experiences that shaped him, the evolution of the game, and plenty of stories you probably haven't heard before.

Late Reg Podcast
Hosted by Brian Rast & Phil Laak

Poker. Strategy. Stories.
High stakes minds. Unfiltered conversations.

From the biggest games to the wildest moments
We break it all down

New episodes weekly 🎙️

Jason Somerville on Poker, Twitch, Sports Betting & Losing Millions | Late Reg Podcast #5

Late Reg Podcast - Episode 3

Hosted by Brian Rast & Phil Laak

Poker. Strategy. Stories.
High stakes minds. Unfiltered conversations.

From the biggest games to the wildest moments
We break it all down

New episodes weekly 🎙️

Watch Live on Youtube!