Poker and Investing: Games of Incomplete Information
Poker: A Game of Skill and Chance
On any given hand, poker may be 85% luck and 15% skill, but over thousands of hands, the percentages flip—85% skill and 15% luck. Understanding patterns and probabilities is crucial.
"Mo' money is lost by players who know the right thing to do, but fail to do it anyway." - Behavioral Finance Insights
Behavioral Finance Meets Poker
Behavioral finance can inform poker strategy. Superlative performance isn’t just eliminating chance but recognizing opportunity. It’s when your left brain trains your right brain to act correctly under pressure.
- Risk Assessment: Know the odds before betting.
- Folding Discipline: Winning isn’t about pots—it’s about chips.
- Bias Awareness: Recognize patterns of irrational behavior.
Winning by Minimizing Mistakes
Making the wrong mistake—playing too many hands—can destroy your game. Fold more, chase less, and focus on strategic moves.
“Folding is the invisible way to win.” - Poker Pros
The Right Investment
Backing poker players is a new investment trend. Firms cover bankrolls, losses, and share winnings while enforcing discipline and accountability through agreements.