Lessons Poker Can Teach Us About Risk-Taking


Poker is a card game in which players place an ante and then bet money on the outcome of a hand. The goal is to win a pot by having the best hand or bluffing. To improve your chances of winning, a good poker strategy involves learning how to calculate probabilities and odds. You can also learn how to read tells, which are unconscious habits that reveal information about a player’s hand, such as eye contact and facial expressions.

One important lesson that poker can teach us is the value of risk-taking. While playing safe may get you through a few hands, it can keep you from taking risks that might bring a big reward. For example, by only applying for jobs with a high salary, you might miss out on opportunities that would have required a small risk.

You can also build your comfort with risk by starting small and increasing the stakes. This way, you can learn from your mistakes without losing too much money. Self-made billionaire Jenny Just gives this advice to young people: “Take more risks, sooner.” Of course, some of these risks will fail, but you can learn from them by analyzing how they failed and why they failed. With this, you can make smarter decisions in the future. Ultimately, you’ll be better off for it. This is the philosophy that guides my business and life. The risks I take pay off more often than the ones I avoid.