The Art of Bluffing in Poker
In poker, like life, you sometimes get a bad hand. When that happens, you can choose to bluff or fold. Alternatively, you can play it safe by only playing good hands. But this style is easily exploited by opponents, and it can prevent you from pursuing goals that require a moderate level of risk but have a large reward.
There are four rounds of betting in a poker game: before the flop, after the flop, after the turn, and after the river (the fifth community card). In each round players can choose to fold, check (pass on their turn to act), bet (put money into the pot), or raise (bet a larger amount than the previous player). The highest hand wins the pot.
Professional players are masters at extracting signal from noise across many channels, including body language and conversation, to both exploit their opponents and protect themselves. They also understand that, in both poker and life, you must balance risk with reward.
To be a successful poker player, you must have a well-understood and executed strategy that is consistent with your long-term goals. You must be able to overcome emotional biases and remain calm, even when your chips are down. This takes practice, but it is vital to your success. Once you have a winning strategy, stick with it—even when you feel like changing it. Otherwise, you will be making costly mistakes, such as pushing forward weak cards when they are unlikely to win.