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This one is all about life lessons hidden in plain sight from the game of poker. List below for quick reference:
- You need to have a plan for different stages of each hand and for the stages of the entire game itself.
- You need to base this plan off of certain proven tested principles.
- You need to be 100% aware of your emotions and what types of things trigger them, and why.
- All in is not a concept you should always base your strategy on. It’s like a Hail Mary. Recognize that it is not a sound way to play most hands. But it is the only way for some hands.
- You need to stick to your plan and be consistent.
- You can’t win without paying. And paying requires some risk and uncertainty.
- If you win when being reckless, that is not something you should expect to keep happening.
- Pay attention to everything that is in your field of vision and ear shot. But don’t jump to conclusions.
- Know the odds, but don’t let them block you. Probability is not the only factor.
- Pride and Ego will be exploited.
- Understand that bluffing can take on many forms. (relate this to the art of war)
- Don’t feel obligated by fear of losing what you already paid. (Know when to fold em.)
- The chips you lose are just research tokens.
- The chips you win are just like an attraction that you had to pay to see within the bigger event. Don’t over pay to see any one attraction.
- Let others pay for you to see the big attraction if they are willing. Return the favor.
- Pay attention when you fold. Don’t check out. It’s like having access to free research and hints.
- Distractions are fun but can be a wolf in sheep’s clothing
- Sometimes when you want to back down you should double down.
- Double Down is a better option than All In sometimes
- Don’t double down because you want to get back what you lost.
- Don’t ever assume you know how to read the other players with anything more than a 40% degree of confidence.
- Don’t let regret from losing the last hand take you off your game for this hand.
- Do not seek revenge or payback.
- You don’t have to ante on every hand.
- What you think is a crappy hand can be the winner.
- It ain’t over til it’s over.
- Don’t bet on your hand, bet on yourself.
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