LA Weekly-Phil Helmuth Article(very long)

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And the number of events isn't as important as the fact that he is third all time in WSOP bracelets.

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Of course the number of events is important. If you play 30 WSOP events a year, you better win a few.

Just counting bracelets is a horrible way to evaluate tournament skill. Not only does it fail to consider how many attempts you've made, it also fails to consider the size of the field. Older players are going to have higher numbers just because the fields were smaller.

I'm sure there are tons of players with superior results to Phil on a per tournament basis. Phil is very good, but not the third-best player ever.

He is also a known cash game donator. Games fill up when he sits. This is probably partially because he lacks the technical skill of excellent players, but also because he is so tilt-prone.