Ep 75 Lessons From Everywhere: The Game of Poker

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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:

  1. You need to have a plan for different stages of each hand and for the stages of the entire game itself.   
  1. You need to base this plan off of certain proven tested principles.
  1. You need to be 100% aware of your emotions and what types of things trigger them, and why.
  1. 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.
  1. You need to stick to your plan and be consistent.
  1. You can’t win without paying.  And paying requires some risk and uncertainty. 
  1. If you win when being reckless, that is not something you should expect to keep happening.
  1. Pay attention to everything that is in your field of vision and ear shot. But don’t jump to conclusions.
  1. Know the odds, but don’t let them block you. Probability is not the only factor.
  1. Pride and Ego will be exploited.
  1. Understand that bluffing can take on many forms.  (relate this to the art of war)
  2. Don’t feel obligated by fear of losing what you already paid.  (Know when to fold em.)
  1. The chips you lose are just research tokens.
  1. 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.
  1. Let others pay for you to see the big attraction if they are willing.  Return the favor.
  1. Pay attention when you fold. Don’t check out. It’s like having access to free research and hints.
  1. Distractions are fun but can be a wolf in sheep’s clothing
  1. Sometimes when you want to back down you should double down.
  1. Double Down is a better option than All In sometimes
  1. Don’t double down because you want to get back what you lost.
  1. Don’t ever assume you know how to read the other players with anything more than a 40% degree of confidence.
  1. Don’t let regret from losing the last hand take you off your game for this hand. 
  1. Do not seek revenge or payback. 
  1. You don’t have to ante on every hand.
  1. What you think is a crappy hand can be the winner.
  1. It ain’t over til it’s over.
  1. Don’t bet on your hand, bet on yourself.