Giving is as important as winning to the people of REG
Liv Boeree, Philipp Gruissem and Igor Kurganov have combined live tournament winnings of close to $20 million, but you won’t find them blowing it all on girls and supercars. BLUFF meets Raising for Effective Giving.
Imagine winning an enormous High Roller event on one of the biggest poker tours in the world. Out of the rabble of top pros who also stumped up the six-figure buy-in, you are the only one left standing. Flashbulbs pop and crowds jostle and cheer as you are presented with the trophy, while the spoils of your victory are laid out on the felt: fat bricks of money stacked in lofty towers, to the tune of over a million dollars.
What comes next, in your mind’s eye? A raucous party at an exclusive nightclub? Perhaps a sprawling luxury mansion with pool and tennis courts? If that doesn’t tickle your fancy, maybe an endless parade of turbo-charged supercars and champagne-sodden glamour models?
Whatever you dreamily considered, there’s one option that probably didn’t immediately present itself — giving it away.
Yet that’s exactly what a group of some of the highest-earning players — namely, poker superstars Philipp “Philbort” Gruissem, Igor Kurganov and Liv Boeree — are doing. Now, they’re not giving away 100 percent of their winnings. Instead, they are pledging to make an ongoing commitment, using their (very considerable) poker wealth in order to give to a very specific set of charities, in a very specific way (but more on that later).
Not only did Gruissem, Kurganov and Boeree decide to donate a significant percentage of their own hard-earned dosh, but they are now actively encouraging other poker players to do the same. They are all senior board members of Raising for Effective Giving (REG), a recently launched organization that specifically targets poker pros and others in the industry. As a means of gathering donations, REG asks all members to commit to donating 2 percent of their gross poker winnings quarterly. On the surface, it doesn’t sound like all that much. Think of the million-dollar scores that some of these guys are regularly managing, though, and it quickly adds up to a formidable sum.
FACT OVER FEELING
This is no ordinary charity donation, however. REG is built on the idea of “effective altruism,” a philosophy that aims to replace the inefficient sentimentality that pervades the charitable sector today with ruthless pragmatism. The players first came into contact with this movement in the flesh when they flew out to Switzerland to visit GBS Schweiz, a meta-charity that attempts to determine how to do the best good by focusing on science, ethics and rationality. Since then, they have clubbed together in the formation of REG.
“Most people have an instinct to help people around them — that’s altruism,” explains German high-stakes hotshot Gruissem. “We want to take it to the next level and use our finite resources in the most effective way. Effective altruism is just when you try to maximise your positive impact on the world in a practical way.”
“The whole concept is that right now, charity is treated very emotionally,” continues Gruissem. “This is instead of the way we want to have it treated — like a business.”
It’s an idea that certainly would appeal to the average mathematically minded poker player. Using its belief in effective altruism, REG gives only to the charities that it sees as using the money in the most efficient way possible. To put it simply, it dismisses the typical “emotive”’ factors, and digs down to see which charities will quantitatively get you the most bang for your buck.
Boeree, who can be counted as one of the most well-known British pros active in the poker world today, is especially passionate about this rational approach. “It all comes down to the assumption that all lives are equal,” clarifies Boeree. “If we believe that, then we have ‘X’ amount of money being donated this year from all over the world. This is a finite amount, and if all lives are equal, then we should send that money to the place where, for that amount, the maximum number of lives are saved.”
“A lot of people get emotional about it — they say, ‘I see all around me people dying of cancer.’ OK fine, let’s say we take all of this ‘X’ money that is available and put it into those causes, which a lot of people would emotionally want to do — that’s only really because the people all around them are in Western countries, where each person costs a relatively huge amount. You can maybe only save 1,000 people with that ‘X’ amount of money given to that charity, but if you send it to a place where the money goes a hell of a lot further and saves 20,000 lives, then it’s 20x more effective.”
One of the biggest causes that REG supports is a charity called “Deworm the World,” which uses its money primarily to introduce measures to protect children from parasitic worm diseases. It’s pretty safe to say that this isn’t the “sexiest” charity out there. However, when you drill down into the numbers, not only does this improve the basic health of the children affected (even saving some from premature deaths), but it also drastically increases their school attendance, and as a result, their long-term earnings in later life. When it gets down to the cold hard numbers, it’s a helluva lot more effective than some of the charities that typically make you go “D’awww.”
“Usually the charities advertising with the saddest-looking child on the screen will get the most donations — they’re most emotionally appealing,” says Boeree. “Actual death statistics are less popular, but so much more important. Donors can save thousands more lives by paying attention to them. In personal financial decisions, we obviously pay close attention to the numbers. The same should go for our charitable decisions, where much more is at stake: the lives of thousands of people, which depend on the quality of our decisions.”
A BUSTO EPIPHANY
So how did three of the most successful players in the world come to get involved with setting up a charity? Did they feel guilty about profiting from poker — a game where for you to win, it is necessary for somebody else to lose?
“With regards to feeling bad about poker, I never had an ethical problem with taking money from someone who sits down at the table, because they are adults of reason and age,” Kurganov, Kurganov, who currently has over $7.6 million in live tournament earnings, says reasonably.
“There might be a different argument for gamblers, but at least it’s more slowly lost in poker compared to other casino games. I didn’t have a big problem with people losing, but I also didn’t see any good coming out of it. It was just neutral. It was a thing that let you live life in an easier way. You win money to give yourself freedom, but then what are you getting that all for? Yes, to live, but where is it going? After a while you’ve got to ask yourself what else you want to do.”
The morality of being a professional poker player is a topic that has hit the news hard recently, after One Drop winner Daniel Colman declined all interviews. In a later statement, Colman caused a wave of controversy by saying that he doesn’t “owe poker a single thing,” referring to it as a “very dark game” that “targets people’s weaknesses,” that he consequently refused to promote.
Gruissem evidently felt empathy for Colman, who received a lot of backlash for his comments. He even wrote a blog on the REG website, telling people, “Don’t hate on Dan Colman. It feels to me that he felt wrong about the next step so he chose to voice his concerns without knowing exactly how to proceed. He is having a moral dilemma and has not yet found the solution.” Gruissem also talks about the importance of leading a balanced life, concluding by saying, “Trust me, the only way to be 100 percent happy if you are living in this poker world is to give back.”
Does his having said that mean that he felt uneasy about the ethics of being a pro poker player? Gruissem pauses, considering his answer. “I never felt BAD about being a poker player exactly, but it never felt like, ‘Oh, this is the thing I wanna do’. I never felt like I was totally in the right spot.”
Boeree seems to have experienced a similar feeling of restlessness that came as part and parcel of her success. “I love the game, and have had the most unimaginably fantastic seven years since I began playing,” she says sincerely. “I made the goal to become a poker player when I was around 22. I’m 30 now. But after playing for the first few years, I knew this wasn’t going to be my destiny for the rest of my life. I always wanted to do more, and I’ve always seen poker as a stepping stone to that. I’ve gotten quite well-known, I’ve built up a Twitter following — but what am I going to do with that? I don’t want to just be talking about poker to everybody for the rest of my life!”
“I love poker and I don’t see myself not playing it any time soon, but I realized that I’ve got to find a way to be contributing more. If I’m 30 years old and I haven’t done anything else to help the world, then I’m going to be pretty disappointed in myself. So for me, this makes perfect sense of how to fulfil that inner need, and how to continue having this life that I absolutely love.”
It doesn’t take a genius to notice what some might call the “Dan Bilzerian effect” — the fact that the poker media tends to glamorize reckless acts of degeneracy and hedonism. Rather than stories of charity, you’re much more likely to read about a pro who went mental one evening and spent hundreds of thousands on nightclub bottle service for him and a posse of porn stars.
When asked about the culture of blowing money for the sake of it, Gruissem laughs wryly. “All poker players experience the same thing. They get the freedom to do a lot of stuff, so they try out things. They try out things that they don’t need, then they skip to the next thing. Everyone has crazy parties at some point, and try to find happiness there. Then they try to buy stuff, and try this and that and everything. Honestly, all of us here tried this stuff,” Boeree and Kurganov murmur laughing assent in the background. “We eventually figured out it’s not helping at all. We want to save the poker players a lot of time and money that they’re going to waste on stupid things.” More laughter. “Hopefully they’ll get there faster than we did.”
You might think that having multiple tournament wins of over a million dollars might mean that you start to forget about the value of money — but not so. “I think what really decreases the value of money in our mind is that we