In this video, Mike Matusow reveals the harsh truth behind million-dollar tournaments — from selling action and brutal variance to misleading earnings and emotional traps that sink even the best. With annual buy-ins exceeding $12M, the high-roller scene isn’t just competitive — it’s financially unforgiving. Matusow lived it, lost millions, and now he’s warning everyone: Is high-stakes poker the ultimate skill test… or just an expensive illusion?
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