So many things that we do from day to day imitate actual life, offering us gems of wisdom and lessons. Admittedly, others don’t. However, life is like a game of poker and poker lessons we take to heart can be beneficial in helping improve lives. Find out what poker can teach you about life.
Life Lessons from the Game of Poker
There’s an old African proverb that says, “If you think you’re too small to make a difference, you haven’t spent a night with a mosquito”. Everyday life is full of lessons. For example, nothing teaches you patience like visiting a government office. What does poker teach you? Plenty. Trust us.
What poker can teach you about life
In life, some lessons you learn once and some lessons you are unfortunately taught twice, or even multiple times. Whether online poker is the name of the game or you’re playing poker in a brick-and-mortar casino, you can rest assured that there are lessons to be learned. We’re going to rattle them off now and hope that you take some of them to heart.
Luck is a little overrated
Whether offline or online poker, not everything is within your control and that’s likely why you might prefer to think of it as a game of chance or luck. It isn’t - or perhaps it is - just not the brand of luck you’re accustomed to.
Luck is when you get off lightly and the outcome is favorable despite every indication that it shouldn’t be. When you put it like that, it’s hardly anything to be proud of.
Poker is a game of probability, observation and precision. Life is a mirror image of this. Just like in poker, we don’t control everything; we have to pay attention to our surroundings as well as ourselves, plan accordingly and execute with ruthless precision. We won’t always win but we’ll eventually succeed. This is arguably the most valuable of all poker lessons and gambling tips.
Saying no to the blame game
Have you ever met someone who could find fault absolutely anywhere but in themselves? You know the ones. They take every opportunity to complain and make you roll your eyes so furiously that a small part of you worries they might get stuck. You definitely have met such a person, and if it happens to be you, here’s to hoping this section will make you reconsider.
In poker, you are dealt a hand and you must play that hand. Life is like a game of poker. There’s no room to point fingers, throw a tantrum or host the self-pity party of the year. Doing so is the sure-fire way to waste an opportunity because, both in life and poker, there are too many variables to assume the outcome is already decided. Rather, put that energy and time into making the most of the hand you were dealt. Look for opportunities and do all you can to make them count.
Similarly, you might not have the photo editing skills or flawless looks of an influencer, the bank balance of a trust fund baby, or the hand of the guy beside you. What poker teaches you is that you can narrow the gap with a little hard work, working with what you’ve got, forward-thinking, persistence and strength of character.
This is not an oxymoron. Failure is an opportunity for learning and when you learn, you get better. When you get better, you win.
One of the most underappreciated poker tips and tricks for newcomers is getting used to losing. Losing is common ground in poker, online or offline. Nobody wins all the time, but as a newbie you have to be comfortable with losing as it will enhance your experience if you do it the right way.
Online poker is very much geared towards helping you hone your skills. You can play multiple tables at a time and the games are fast-paced. This means gaining more experience more quickly. As for life, no-one - irrespective of how successful they are - has ever made it without having to swallow the humble pie of failure. The difference is that they have been able to learn from their losses and use that experience to do better in the future.
Therefore, in poker and in life, fail forwards.
Be confident, but humble
Self-awareness is more than the catchphrase of 2019; it’s a necessity in poker and everyday life. It’s very easy to develop tunnel vision and see only our strengths, forgetting that without a shadow of a doubt, we have weaknesses too.
Nobody’s perfect. That’s not an excuse not to bother with getting better but rather the very reason you should always pay close attention to yourself and see how you can improve.
What poker can teach you about business
Manage your money
Of all the poker lessons that you can learn for business from either offline or online casinos, managing your money is the most important. Bankroll Management (BRM) is a fundamental practice in poker which involves recognizing the need to have a significantly higher amount of money in your bankroll than what is at stake. More important than that is ensuring your bankroll is only made up of money you can afford to lose. Gambling is fun but it must be done responsibly and shouldn’t result in the loss of funds you need for daily life.
This level of prudence should be used in business transactions and deals too.
Quit while you’re ahead
Greed is unfortunately entangled with human nature. The more we get, the more we want. Just as in poker, there comes a time in business where despite past successes, the additional risk just isn’t worth it. A great way to know when to quit while you’re ahead is to perform risk-reward analysis. Keep yourself accountable and don’t risk your rewards unnecessarily.
Know your competition
It has become a bit cliché to quote Sun Tzu’s The Art of War but an invaluable lesson will always be an invaluable lesson, regardless of how many times it is repeated.
“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”
― Sun Tzu, The Art of War Both in poker and in business, no man is an island. What poker can teach us about business is to recognize the competition and to make the effort to understand them fully so that a better strategy can be implemented to ensure success.
What poker can teach you about relationships
Don’t judge a book by its cover
In poker, anybody can be capable of anything, so any prejudices or assumptions will only work against you. Respect all your opponents, learn how to relate to them, and study their habits before deciding on how to play against them. The life lesson here is to take the time to get to know the people around you. In life, you might be pleasantly surprised by the person behind the first impression. On the other hand, you might avoid frustration and disappointment by managing your expectations with caution.
Think bigger picture – emotions
Conflict often ends with our emotions running rampant, resulting in rash decisions and a host of regrets. This may happen in poker too but with time – preferably sooner rather than later – you will recognize the importance of looking at the bigger picture.
If your buddy Brad continuously outdraws and outplays you, there’s no point in dedicating your energy to getting even. You have to remember the bigger picture. You’re here to win a game.
In relationships, you might be at odds with your other half. Being right shouldn’t be the focus of every conflict; sometimes simply finding a solution that paves the way forward for the most ideal outcome is the way to go.
Think bigger picture. Your stress levels will thank you for it.
Commitment is key
Poker is just like any romantic novel. You are one of the characters, and honestly, the story can end either in heartbreak or happiness.
If you win, you will be happier, but if you lose you have the opportunity to learn.
The key, in relationships and poker, is to stay committed. Not every chapter will be easy, but you have to keep going, fully committed.
Your risk and your just rewards
Life is like a game of poker. You have to take a few chances if you want to win big. Whether you want to get your poker lessons from the live experience or win big from the comfort of home, BetMGM has an experience you will be keen to have again.
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