How Poker Can Help You Become a Better Investor

Poker is not only a fun pastime, it’s also a great way to develop critical thinking and strategic decision-making skills. In fact, many of the top minds on Wall Street say that poker has made them better investors.

The game requires a lot of concentration and focus, especially when it comes to studying your opponents. This can help you notice tells and changes in behavior that might otherwise go unnoticed. Having the ability to concentrate can be beneficial in other areas of your life, too, such as when you’re on a phone call with your boss or co-workers.

A good poker player will be able to recognize when it’s time to fold a hand, even if they think that it might have some value. This kind of emotional control is essential in other parts of your life as well, such as when you’re making a big purchase or navigating difficult conversations.

During each round of poker, players must place bets against one another for the chance to win the pot. A bet is placed by a player who believes that their hand is stronger than the other players’. The player who has the best 5-card hand wins all of the money that has been put into the pot. During this betting phase, players must decide whether to call or raise a bet. Raising is generally a better option than calling, as it prices weaker hands out of the pot.