
The first time I met yoyo (born Jonny Vincent) was in 2006 during the Victorian Poker Championships at Crown when introduced to him by our mutual friend, Marcus.
My first impression of Jonny was that, like me, he was just some young kid who recently got into poker and was having a bit of a holiday with his mates. I remembered hearing something about him being from Brisbane or something. His cap atop an outfit of tee, jeans and sneakers certainly did little to distinguish him from the hundreds of other similarly-attired 20-something semi-metros in the poker room at the time.
Then I overheard him talking to our buddy about his bust-out hand and it felt like I just had 50 points lopped off my IQ. The conversation suddenly became very technical and Jonny and Marcus started using these alien-sounding terms that sounded like jargon to my untrained ears.
But if the poker equivalent of watching a foreign film with the subtitles off wasn’t enough – what really amazed me was seeing Jonny reach into his pocket and pull out the turquoise and black chip equivalent of well over a month’s salary for a poor journo like me. The way he casually picked through the contents of his palm (similar to how most of us would riffle through pocket change for the parking meter) suggested he wasn’t just some regular teenage poker player who played cards with mates on the weekends.
While I haven’t had the chance to meet him in the flesh since, the name yoyo has been a remarkable constant in a poker world that’s changed plenty in less than 18 months. There was a runner-up finish in the Pan Asia Poker Tour later that year (funnily enough to the aforementioned mutual friend of ours, messeur Marcus Collins), his 2006-birthed blog (www.jonnyvincent.com) that would provide hours of entertainment while I was bored at work and of course, his prolific posting on the PokerNetwork (PNW) forum. While I haven’t been there for every one of his 7242 contributions to Antipodean poker society, he’s made me laugh, cry, think, shake my head, and marvel at the wonders of GIF animation.
But now, he’s bid adieu to the PNW fraternity – though despite his best intentions, he has made the occasional wander back to his old online stomping grounds - for a better life in the land of milk and honey known as pokercrack as well as his promising new rakeback site www.rakebackstat.com (from his blog: “…basically just pure professionalism. I decided to get into rakeback as I was sick of hearing stories of broke or incompetent operators messing their players around.”)
And the world of poker seems the poorer for his departure.
Granted, yoyo wasn’t everyone’s friend and over the years, managed to ignite enough amusing flame wars to warrant a national class action served by bosses sick of lost productivity, but no one could ever accuse him of being a wallflower. He was never afraid of speaking his mind and “challenging” people’s notions on life, poker and themselves.
As is the nature of life as a yoyo, sometimes life goes up, and sometimes it goes down. While the yoyo’s position on its piece of string counts as an important KPI, what’s more interesting is how the darn thing got there. Welcome to poker from a yoyo’s point of view.

Where did the name yoyo come from?
Whenever someone used to ICQ me, I would reply “yo” or “yo yo sup” etc. It’s a silly name, but it’s stuck.
How did you learn to play poker?
I taught myself on low limit fixed Paradise. It was very hard in those days, no big forums, reading material was very average, etc.
What did your initial poker exploits involve?
I was purely a recreational player for the first couple years as I was working full–time. It was only a few years later around 2005 where I started taking it a bit more seriously.
When did you make the decision to pursue poker as a job rather than just a hobby?
2006 when I realised I could not afford to continue the expensive Masters Law program I was in, so my only options were poker or work.
Were you a winning poker player initially?
Yes I pretty much was a winning player from the moment I started playing. I mean, I wasn’t all that talented, but due to my maths background, I could very quickly and easily see how my decisions had positive expectation.
My biggest problems in the first couple of years was dealing with insane monkey tilt. I genuinely believed online was rigged for a long period of time in the early years due to my lack of understanding of variance. In reality, it was probably just a lazy 30k hand downswing, but for a new player to online, who has been winning a lot in live games, that experience can be pretty brutal.
I became fairly proficient in NL only late in 2006 after realising that Limit was retarded and dying. Vos helped me a bit but most of my skill was developed through common–sense approach to optimal lines and also reading a few non–retarded forums like CardRunners and watching some CR videos.
What are some of the leading poker educational tools available at the moment?
Cutting-edge poker strategy is mostly found on forums these days. Most of the best players are involved in various high-level strategy forums like CardRunners, 2+2, Pocket5s and www.pokercrack.com. I don’t think poker strategy books have a great deal to offer, and some are just flat–out bad or outdated.
How is your T6 sponsorship going? What is it about T6 that makes you willing to lend your support to the site?
I don’t think I’m a T6 player anymore. I never actually formally signed a contract or anything, it was mostly a handshake deal. They were great to me at Aussie Millions and I played a lot on the site for a couple months but I was unable to sustain the required level of play due to other (business) commitments. T6 has done a lot of work to improve their software and I hope they end up doing very well. I will continue to support any online site which does not have Full Ring games, because FR is a ridiculously silly way to play poker. I think the future of poker is probably 4–handed games or HU.
You’ve earned a bit of a rep for being forthright and not being afraid to call a spade a spade. While this has made for some entertaining reading at work, have these spats gone any further than name calling on the internet?
Not really. Most people realise that online comments are not all that important in the grand scheme of things. It might be hard to believe, but I hold back from exposing probably 90 per cent of the misrepresentation, the lies, the scams, the cheaters, some of whom are big names in Australian poker.
I think its important to cut through all the bs, but at the same time, people are very sensitive about their own financial bustoed situations and their debts when they’re trying to represent themselves as winning players to build their profile and either beg for sponsorship from suckers or delude new players into thinking they know what they’re talking about in the form of articles or videos, most of which are embarassingly bad and any winning 200nl player who watches these videos will be able to instantly realise that most of these guys would be losing players at even low limit NL.
I don’t really like people who lie as a general rule, and I hate misrepresentation, but things are very grey and its not my job to be a whistle-blower on all the insane lies and misrepresentation that goes on in this industry. If you have even an average IQ, you should be able to see the patterns and see through the nonsense and the endless sickness of lies, misrepresentation, unpaid debts and unethical behaviour. If you can’t, you shouldn’t really be mixing in this industry – its not a pretty world of glamour and success, which is the image that casinos and poker sites and magazines try to sell.
The reality is that most of the players you think are good are losing players, and the best players are the players who just grind out huge amounts of hands every month online and generate a mountain of rakeback. The guys who are mixing in the tourney scene and trying to build their profiles are almost all broke or close to broke, as a general rule.
What was behind the decision to move to the Phillipines?
Really bad logic led me to the Philippines. I’d been meaning to move into Asia or Europe as I was planning on playing a lot of EPT and other events at the time (Australia is so far away from everything). Also, cheaper cost of living, maids, drivers, etc – all attractive. I’d been here before and liked it, I had friends who were here telling me to come over and I was pretty keen to get out of Australia for various reasons. I made a snap decision and moved over. It was a big mistake in hindsight.
That’s actually surprising to hear as other than playing the WSOP and Aussie events, I didn’t pick you as much of a tourney player. How much of your poker “career” has involved tournament poker? Has that percentage changed over the years?
When I made the snap decision to move to Manila early last year, I was really starting to play at a very high level, smashing 5/10 and 10/20nl HUSH games and I wanted the option to be able to quickly fly to Europe or US for 5k or 10k USD donkaments. I actually ended up doing quite a bit of travel once I moved to Manila, but I quickly realised how much traveling completely sucked and I’ve been cutting down on all non-essential travel in 2008.
I’ve actually played a reasonable number of donkaments, but after 2007, where I ran horrendously bad in all forms of 30bb tourney play and spent about 100k or so on a few trips and countless more opportunity costs from those trips and the resultant tilt, I decided to only play donkaments if they were nearby and only if I very much felt like it (for example, all the APT/APPT tourneys). I think tournament poker is a pretty stupid form of poker, but the occasional one is fun to play if you have friends descending on whatever exotic location the tourney is being held at. From now on, I will only travel to nearby tourneys or to a tourney being held in a country I haven’t visited yet.
A lot of people have the conception that playing poker for a living is glamorous and exciting – is this true? If not, what are some of the downsides to playing cards for a living?
Simple human beings, especially ones living in poverty or struggling to make ends meet, love the fantasy that comes with jobs like poker, professional gambling, professional sports, etc. Anyone who actually lives those lifestyles or is exposed to those lifestyles knows the truth.
The industries themselves are very good at marketing the glamour, but the simple fact is that there is very little glamour in professional gambling or professional sports. Firstly, only a very small per cent of all serious players actually succeed – the rest experience an extended period of soul–crushing failure.
For professional gambling, you’re often playing very anti-social hours (many players work all night, sleep all day), you don’t have much of a (normal, grounded) social life, the job itself is brutally intense in terms of stress due to huge swings and insane variance, and only the superhuman are able to have terrible weeks, months or years and keep smiling like a fulfilled salary worker may be able to do. It’s the same deal with professional sports, it looks amazing to the spectators, it looks glamourous, but the truth is, to get to that level, they all burned thousands of litres of sweat and tears and endured huge pain conditioning from insane training. One of my favourite quotes comes from Michelangelo: “If people knew how hard I work to achieve my mastery, it would not seem so wonderful.”
In terms of playing cards for a living: the main downsides in my opinion are the stress involved, the bad hours, the endless dealing with irreputable characters, the difficulty of imposing any kind of routine in your life and the inability of almost all professional players to find the balance between work and life. I know literally 50 professional poker players, and I think only one or two of those have long-term girlfriends. It’s extremely hard to meet girls or even male friends. In this industry, especially if you’re doing well, you need to have eyes in the back of your head and you’re pretty much forced to trust no one, even those you consider your friends. It’s a pretty sordid, sick industry and to be honest, I can’t wait to be out of it. For every respectable, ethical friend I meet in poker, maybe 20 to 30 shysters, scam artists, liars, cheaters and whatnot pass through my life.
What are some of the stunts these shysters and scam artists try to pull? Is it mainly newcomers to the game who are at risk or are “veterans” of the game with zero business savvy being fleeced too?
You could write many thousands and thousands of pages of scams, cheats, tricks, etc which abound in the gambling industry. The biggest risk and most annoying aspect of interacting with a lot of gamblers is being exposed to situations where you are indirectly exposed to loan risk. I’m probably owed about 40k at the moment and I am not a generous loaner. Any time you loan or are exposed to situations where money is out of your control (often there is simply no avoiding these situations), there is inherent risk. I have a very low opinion of most gamblers, so the day I am able to disassociate myself completely from this scene will be a glorious day.
So when you say “disassociate myself completely from this scene”, do you mean just as a player or as a “service” provider too?
My long term dream is to remove myself completely from the gambling industry. There are many good people in the gambling industry, however they are very much the tiny minority. Most gamblers flat out suck as people. Initially, I will extract myself from the playing side of things, moving into poker industry businesses (as that is where all my knowledge lies at the moment), but my long term dream is to completely remove myself from the day to day interaction with gamblers and gambling industry personnel.
What do you think life after poker for Jonny Vincent will hold?
I’ll probably read a lot more. I’ll probably head back to uni and study something that interests me, like philosophy.
Life after gambling: do you think you’ll allow yourself the occasional sports bet flutter or hand of cards or are you planning a straight cold turkey withdrawal?
I’ll probably always continue to bet sports. It’s one of the few forms of gambling I enjoy.
Considering that gambling for a living involves taking money from other people (particularly poker), it stands to reason that most of the people involved in such an industry couldn’t give a rats about ethics. Is there room in the industry for ethical behavior? Who are some of the players/organisations that come to your mind when you think of ethical poker figures?
Ethical behavior is a rare commodity, no matter the industry. Any vice industry such as sex, tobacco, alcohol, firearms or gambling is going to be especially plagued by unethical behaviour. You can make a pretty solid argument that anyone profiteering from vice is behaving unethically, but that’s debatable. My personal opinion is that you can profit from vice and do so in a responsible and ethical manner.
Ethical organisations in the gambling industry include companies that take proactive steps to give players a level of protection. Betfair appears to be pretty proactive in the fight against match-fixing in sports, and eCOGRA works hard to protect online casino players. However, organisations really only behave ethically when it’s in their best interest to do so. Many organisations do the right thing not because it’s the right thing to do, but because doing the right thing is good marketing or good for business. For example, Betfair has a vested interest in promoting the façade that sports are mostly free from corruption and eCOGRA is in the same boat.

Getting back to full time poker being like social life Kryptonite – how has this personally affected you? Do you find that most of your friends are poker players? Is it possible to develop any real meanigful relationships with poker players? Could you ever see yourself being in a relationship with another poker player?
Poker has had a strong negative impact on my social life. I haven’t had a girlfriend in three years or so. I lost my last one partly due to my inability to handle the stress of insane swings. Also, it’s pretty hard to smile and laugh with friends if you’ve lost $20,000 that day. It also creates awkward situations when you’re winning and losing five figure amounts every day and your friends are working for $20 an hour or whatever. For this reason, most of my close friends are poker players because they can relate. The numbers involved are incomprehensible to normal people living normal lives. All the same, I don’t think I’d ever get romantically involved with someone who played poker professionally. I don’t really like gamblers as a general rule. The poker player friends I respect are those who play poker primarily because they are extremely good at it, not because they like it.
Are there plans to get out of the Phillipines and if so, where to?
Yes, I won’t be in the Philippines for much longer. I’m heavily involved in a wide range of new projects at the moment, but once I have time to breathe, I will make a quick international move, probably to South America (Argentina or Chile) but I’m also not ruling out Eastern Europe or even moving back to Australia and settling down there.
So poker tournaments are a lot of fun, but do you believe they’re good for the poker economy?
Tournaments are very good for the poker industry. They shoot a lot of dead money into the pool.
“lol donkaments” – true/false/why?
True. Tournament poker is like 20/20 cricket and 100 or 200bb cash games are like Test matches. Tourneys are just hit and giggle. You can run good for 500 hands and win $10 million. You can be a winning cash game player and lose for 500,000 hands.
I like the cricket analogies for tournament poker and I agree with your comments on the potential monetary difference between running good for 500 hands as a tournament player versus 500,000 hands as a cash game player. But on the other side of the coin, consistent performers like Rayan Nathan, Eric Assadourian and others make a strong case for there being some element of skill to tournament poker. Are people like them just anomalies or destined for an imminent downswing of biblical proportions?
Rayan and Eric are both great tournament players, and there is skill in all forms of poker. It’s simply that there is a great less skill element in tournament poker due to the smaller stack sizes, and the variance is so huge in that a single race win deep in a big tourney can be the difference between winning $1 million or busting out on the bubble.
Yes, Rayan and Eric are both statistical outliers, as are all tourney players who have a lot of success.
So what do you think the true EV is of most tournament players?
It’s extremely hard to say and depends on the player and the tournament they are playing. 99.9 per cent of poker players don’t really understand variance, and as a result overestimate their expectation, and that includes a hell of a lot of pros. EV can be estimated to a point of accuracy when a lot of variables are taken into account.
People claim that selling and swapping pieces helps reduce the variance of tournament poker – do you agree? Or is buying pieces of most players is like setting money on fire?
Selling/swapping pieces reduces variance, but someone is always getting a bad deal. If I play tourneys, I’ll usually swap points with friends but mostly that’s just because it’s fun to hold interest in other players after you bust. Most poker players suck, so yes, buying pieces and swapping is bad as a general rule, but that doesn’t mean there are +EV deals to be made if you know what you’re doing.
Touching on your comment that the majority of successful tourney players are statistical outliers, what’s your take on the grey and murky world of tournament staking, particularly long–term arrangements? Are these almost always stacked in favour of the stakee? Could these ever be a +EV move for stakers? Would you ever consider being staked?
Most staking deals made by intelligent backers are +EV for the backer, however almost all backers heavily under–estimate the risk of various forms of fraud, including outright theft and other unethical behaviours. Most staking deals made by unintelligent backers are hugely –EV, mostly because they are clueless and they don’t understand maths and/or overestimate the ROI of their stake(s).
I accepted staking once off Tony G a few years ago for some WSOP tourneys – at the time, I thought it was a pretty neutral deal for both of us, but in hindsight, it wasn’t a great deal for Tony, even though makeup was included. I ran pretty horribly and I think I cost him something like 15–20k. I felt terrible about it. A few months later, he wanted to play pool with Gus Hansen so he got me to play with his stack in a ridiculously soft 25/50nl shorthanded live game with some British tourney donks in Singapore. I won about 16k in an hour and shipped the entire amount back to him and felt a whole lot better.
I doubt I’ll ever accept staking of any kind again. I can’t see the situation ever arising where I will ever need backing or need to give up EV to get backing.
You’ve recently started staking low limit grinders – how’s that going for you? What inspired you to start doing this and are you expecting to make a healthy return on it?
My stakees are going fairly well overall. I have some very talented stakees on my program. The decision to get into low limit cash and SNG staking was financially motivated, but it’s also nice to help talented players get back on their feet after they’ve busted their rolls playing too high or playing donkaments. At the moment, it’s mostly a small hobby project which is quite time-consuming, but it has the potential to grow into a large project if I can structure it right.
Does the poker media (locally and globally) do a good job of covering the “scene”?
No. The poker media mostly has no clue. 99 per cent of media coverage focuses on tournament poker, which is hugely inferior (in terms of skills required) to deepstacked cash game poker. The poker media creates household names out of tournament winners, most of whom any winning 5/10nl player would gladly play for a living. Most big tournament winners should be as proud of their achievements as lottery winners. Out of the 10,000 best players in the world, I would guess 9,800 of those are cash game players.
So if the media is putting “false” heroes up on pedestals, who are some of the poker identities the world should be focusing on? Who are some of the consistent (renowned) tournament performers that you would include in your top 10,000 players?
The only players I respect are players who grind out huge amounts of hands at the mid limits. The reason I don’t really respect a lot of the very high stakes players, even though most (or all) of them are vastly more talented than I am, is that almost all of them are statistical outliers (in that they were the ones that ran good all the way up the limits, and we don’t see the 99,999 other guys who could have been as talented if they were allowed to run as good) or they broke bankroll rules all the way up the limits, martingaling their way to the high limits (which also makes them statistical outliers as many players attempt this – we only hear about the ones that make it, and the rest are left busto’ed and broken along the way).
The best players in the world at the moment – guys like CTS, durrr, et cetera – are all hugely talented but even though they are brilliant, they are still statistical outliers, and the more honest and objective of them will admit as much.
In what direction is poker headed in Australia? In five years, will online/casino/pub poker be the country’s big poker market?
The poker boom was an amazing fad primarily fuelled by online technology. Like all fads, poker will slowly die out as people realise poker is mostly fool’s gold. For the last five years, the entire poker industry has been driven by the universal misconception that almost anyone can make a fortune in a very short amount of time. The insane nature of variance only serves to further enhance that fantasy.
If you could provide one piece of advice to people contemplating playing poker for a living, what would it be?
Don’t. It’s incredibly hard to succeed, and even if you are the one in a thousand who is capable of making it, it’s a stressful, lonely, tough career.