Poker Articles
Life Lessons From Poker
By Steve Pavlina
Since I received positive feedback on
Life Lessons From Blackjack last week, I thought I’d share
some lessons I learned from poker as well.
Background
Again, feel free to skip the background
story if you just want to read the lessons part. I only
include this for the curious.
first learned to play poker when I was
18, just playing nickel-dime-quarter games with friends from
school. I was a fairly weak player back then, mostly using a
loose-aggressive style and bluffing way too much. But I
enjoyed the game and would usually play at least once a week.
Of course, this was only in home games where I mostly played
those deviant forms of poker not found in casinos. My favorite
game was called 3-5-7. I only played for fun at this time and
for many years thereafter, I never took the game seriously.
When I was 21 and living in L.A., some
friends and I made a few trips to Commerce Casino. I played
mostly 7-stud at the time and a little bit of hold’em. I
didn’t keep records back then, but overall I probably broke
even. I played at Commerce perhaps 5 times total. It was an
hour’s drive from my home, so it wasn’t convenient enough to
bother with, since I was only playing for fun anyway.
From the age of 24 to 33, I hardly
played poker at all, maybe once a year on average. It just
wasn’t a big part of my life.
In January 2004, my family and I moved
to Vegas. The availability of poker games in Vegas (and the
recent surge in popularity) means that you can always find a
game. The Las Vegas Strip is only a 20-minute drive from my
home, and Downtown Vegas is 15 minutes away. Plus the closest
casino to my house (Santa Fe Station) recently added a poker
room, so now a game is only 10 minutes away.
When I first moved here, I thought it
would be fun to play poker more often, since I always enjoyed
a good game. I had no intention of making it into a career,
but nor did I have any interest in losing money at it. I
figured that if I could learn how to count cards at blackjack,
surely I could become decent enough at poker to consistently
beat the low-limit games. That way I could have fun and win a
little money at the same time.
Turns out I was right.
Based on recommendations from others, I
picked up a few books on the subject. My favorite was Winning
Low-Limit Hold’em by Lee Jones. I followed Jones’
recommendations fairly closely, and they worked well.
I only play the cheapest limits, like
$1-3 and $2-6 spread games or the $2-4 structured games. I
play in smoke-free poker rooms, which fortunately are becoming
more common. Personally I like the campy/friendly (and
smoke-free) atmosphere of the Excalibur poker room, so that’s
where I usually play. It’s a very winnable, low-pressure game
if you’re halfway decent, especially on a Friday or Saturday
night when the place is filled with tourists who are mostly
there for fun and free drinks. I know most of the dealers
there by name, and all are very friendly.
I’m not out to make a career out of
this, and I certainly don’t consider myself a shark. I just
love the fun and the challenge of the game. I’ve always
enjoyed competition.
On average I play a couple times a
month, usually on weekends. I record every session I play in a
spreadsheet, so I can see how I did — I want to know if I’m
winning or losing. Last year I came out positive, with a per
session win rate of about 70% and a positive hourly rate of
$2.27 (net of tips). Obviously I’m not going to get rich
playing such low limits, but to me this is only an
entertaining hobby, not a serious entrepreneurial venture. I
only play in person, not online, because I like chatting with
other players and meeting interesting people from around the
world.
Poker is by far a much tougher game to
master than blackjack because your decisions depend on the
actions of other players, not merely on pre-determined rules
of play and probabilities. Playing poker also takes a lot more
patience than blackjack in my opinion. Between poker and
blackjack, I enjoy poker a lot more because of the human
factor.
Poker Observations
Whereas in blackjack most of my
observations came from watching other players play their
hands, in poker I’ve learned the most by observing myself,
partly due to the nature of the game (I can’t see every
decision other people make as I can in blackjack).
Here are some observations I’ve make
from playing poker over the years:
1. You can learn a lot about other
people by studying yourself.
Simply by observing myself and watching
my own tells, like seeing my hands shake when I looked down
and saw pocket aces on the button, I learned to look for those
same tells in other players. In low-limit games, virtually
anytime you see a player’s hands shaking as they try to place
their bet, it means they have a monster hand. I’ve thrown away
many solid hands after reading this tell, and so far every
single time it was the right decision. By observing my own
behavior, I could watch for it in other people.
How does this apply to life itself? If
you know how you behave when experiencing certain emotional
states, you can watch for that behavior in others to gain
information (hich can be extremely helpful in certain
situations).
For example, if I’m watching someone
give a speech, I can observe how I behave when I’m really
bored or really interested. Then when I’m the one giving the
speech, I can watch for those reactions in the audience. If I
see people leaning forward, smiling, and nodding, I know I
have a captive audience because that’s what I do when I’m
captivated.
If you’re a salesperson, how do you
behave when you watch someone else give a good/bad
presentation? If you’re a manager, how do you behave when
someone tries to delegate something to you and you don’t
intend to do it? If you’re married, how do you behave when you
aren’t really listening to your spouse?
Observe how your own behaviors reflect
various internal states, and then watch for those behaviors in
others to gain information. You may be surprised to find that
emotional states produce a physiological response that is
extremely similar from person to person.
2. You can learn a lot about yourself by
studying other people.
This is the reverse of #1. By observing
how others behave in poker, and then seeing what kind of hand
they have, I can connect their behaviors to information. Then
when I see these physiological tells again, I can more easily
put that player on a hand.
Many poker players do this. No big whoop.
But how many poker players take what they
learn about other players and then apply it to themselves?
This means watching for the tells you pick up from other
players in yourself, especially when you’re heads-up against
the player you saw express those tells. So if you see someone
looking away from the table when they have a monster hand,
make sure you don’t look away when you’ve got a monster.
You can also take this concept a step
further and use it even more proactively. If you see other
people behave a certain way when they have a great hand, you
may find it beneficial to exert that same behavior on purpose
when you’re heads-up against that player and want to bluff
him/her out. It’s a sneaky way of using that person’s own
physiological response to feed them false information. Just
make sure you aren’t too obvious about it, or the other player
will catch you. I find it works best as a subconscious signal
that alters their intuitive feeling about the hand.
So what’s the life lesson here? The
lesson is that this kind of manipulation also works outside
the game of poker. By learning someone’s tells, you can
consciously exhibit a certain behavior to activate the
response you want. Certainly this sounds manipulative, and it
is. But by being aware of this tactic, you can reduce your
susceptibility to it.
TV commercials use this kind of
manipulation all the time. They know all the tells for various
emotional states, and they use them to attempt to manipulate
your emotional response. This is one reason so many
commercials appear logically stupid, but they can still be
effective if they include the proper signals that bypass your
mind and drive their message into your subconscious.
Think of those drug commercials where
they read the side effects (which often sound worse than the
symptoms the drug is supposed to treat), but the visual
imagery suggests the exact opposite. The characters exhibit
the tells of the emotional states the advertiser wants you to
associate to their product or service. But those signals often
have nothing to do with the product itself. In other words,
you aren’t being shown the real emotional states the product
will induce in you, but far more pleasurable states that
probably won’t occur by using the product at all.
How many beer commercials show drunk
people behaving stupidly?
3. Both intellect and intuition can
provide input for making correct decisions.
In poker sometimes logic is correct, and
other times intuition is correct. Sometimes they agree;
sometimes they don’t.
In life, however, you generally have more
options than check, bet, call, raise, or fold. Life is more
open-ended, and when logic and intuition disagree, sometimes
it’s best not to choose sides but to listen to both and seek
out a third alternative.
When my logic and intuition seem to
disagree, I try to step back and see the situation from other
perspectives. In the past I’d usually favor my logic, only to
find that my intuition was right. Then I’d slide too far the
other way, and pay the price of ignoring my intellect. Now I
know that both inputs provide information, but they do so by
acting upon imperfect data.
In poker you’re limited in how much data
you can gather. But life offers other extra opportunities for
peaking at the cards. You can ask for expert advice while you
play. You can take in new information to augment the data your
logic and intuition are processing. You can wait for clarity
before acting. You can even dive in with your best decision,
see what the next card looks like, and adjust course
afterwards.
4. Don’t be a fish.
“Fish” are bad poker players who are
essentially there to give away their money. They don’t bother
to develop much skill at the game, so they just play badly.
And the longer they play, the more they lose.
Isn’t life the same? If you play badly
long enough, eventually you lose. Abuse your health, your
relationships, or your finances, and you can kiss them
goodbye.
Good players learn the rules of the game
and build their skills. They eliminate negative habits that
would otherwise bring them down.
5. You can make no mistakes and still
lose.
In poker you can expect to take bad beats
again and again. Eventually you’ll take one in a heartbreaking
situation when someone draws highly improbable runner-runner
cards to beat your made hand.
Life is the same. You can play perfectly
and still lose.
There’s no security in the cards. The
only true security lies in knowing you did your best. Focus on
making correct decisions, and let the cards fall as they may.
6. No single hand will kick you out of
the game for life.
When you take a bad beat, just take a
deep breath and brush it off. It’s in the past, and there’s
nothing you can do about it now.
Stay focused on the present. There’s
another hand to be played.
7. Do not play J8s UTG no matter how
seductive it looks and how certain you are of achieving a
multiway pot.
The life lesson here is left as an
exercise for the reader. :)
If you’re a poker player yourself, I
invite you to share your own life lessons from the game by
posting a comment.
Copyright © Steve Pavlina
Steve Pavlina
Personal Development for Smart People
http://www.stevepavlina.com
http://www.stevepavlina.com/blog (blog)
http://www.stevepavlina.com/articles
(articles)
Steve is intensely growth-oriented. He
trained in martial arts, ran the L.A. Marathon, and graduated
from college in three semesters with two degrees. He can
juggle, count cards at blackjack, and make damn good
guacamole. Steve is also a polyphasic sleeper, sleeping just
2-3 hours per day and only 20 minutes at a time. So chances
are good that he's awake right now.
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