Phillip "P3" Hellmuth III Says F*** the Markup Police; What was Phil Hellmuth Like as a Dad?

In the 993rd episode of the PokerNews Podcast, which is sponsored by FanDuel Poker, Chad Holloway, Mike Holtz, and Ben Ludlow are joined by Phillip "P3" Hellmuth III at Level 9 Studio in Las Vegas during the 2026 World Series of Poker (WSOP). The son of poker legend Phil Hellmuth talks about what it was like growing up with the "Poker Brat" as a dad, but also about his own journey to poker, which started relatively recently after he was laid off from a longtime banking job. Now, Hellmuth III has been busy studying, competing on Hellmuth's Home Game, and doing his best to rack up some results. P3 also talks about his father's controversial decision to encourage him to charge a 1.4 mark-up for the 2026 WSOP Main Event and the subsequent bet with Shaun Deeb. From there, Hellmuth III talks about his brother, Nick Hellmuth, the RunGood Poker Series (RGPS), and plays a round of 'Which Phil Is It?' right in the studio. A new PokerNews Podcast drops four times a week in July! You can expect a new episode every Tuesday, Thursday, Saturday, and Sunday at 8a PT / 11a ET / 4p UK time. Remember to subscribe to our YouTube channel so you do not miss an episode! Time Stamps *Time    Topic* 00:00 | Welcome to the show 00:21 | Phillip Hellmuth III joins the show 00:55 | Growing up a Hellmuth 02:30 | What inspired you to try poker? 04:20 | Playing the RGPS 06:45 | Playing on Hellmuth's Home Game 10:40 | 1.4 markup for Main Event 13:50 | Phil Hellmuth as a father-in-law 14:35 | Brother Nick Hellmuth 17:34 | Which Phil is It? 22:20 | What's next for P3?