What Poker Teach You About Decision Making Under Uncertainty


A game of poker isn’t just about bluffing and betting – it also teaches players about decision making under uncertainty. This is a useful skill to have in other areas of your life, such as business or even in your personal life. To make a good decision when you don’t have all of the information you need, you first have to estimate the probabilities of different scenarios and outcomes. That’s what poker teaches you, and it is an excellent way to improve your mathematical skills.

Another important lesson that poker teaches is how to handle losing. It’s easy for new players to get tunnel vision and only think about their own hand, but it’s essential to remember that other people at the table have hands as well. Even if your opponent has a weak hand, they could be on a draw that will transform it into something more valuable.

Saying the right things at the right time is essential to success in poker. If you want to make a bet, you should use the word “call” or “I call” to indicate that you’re making the same amount as the last person. Alternatively, you can raise the stakes by saying “raise” or “I raise” to indicate that you’re adding more money into the pot. You should only raise if you believe that your hand is stronger than the other players’. Otherwise, it’s best to fold. This will help to keep the pot value high and prevent you from betting too much.