Key Lessons in Poker and Business


Poker is a game of incomplete information that requires skill and strategy. The object is to make the best 5-card poker hand using your own 2 cards and the 5 community cards, then bet enough that none of your opponents call, in order to win the pot (all the chips bet so far).

While anyone can learn the basic winning strategy, staying consistent and making wise decisions in a game of poker takes strong character. Many players put their money and pride on the line, and they know that there will be times when they lose. Learning how to deal with this variance is a valuable lesson in life.

Another key lesson in poker is reading other players. There are a number of books written about this subject, and everyone from psychologists to law enforcement officials have discussed the importance of understanding your opponent’s motivations and reasoning in order to read their actions. Poker allows you to practice this skill continuously as you observe other players and analyze their body language, bet placement, and other tells.

Finally, poker teaches you to be patient and wait for the right moment to act. This is important in a game that can be very fast-paced, and it’s also a necessary trait for business leaders to develop. The more patience you have, the better you will be at evaluating opportunities and taking calculated risks. In poker, and in business, the reward will often outweigh the risk.