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WHAT CAN WE LEARN FROM EXPERT GAMBLERS?

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WHAT CAN WE LEARN FROM EXPERT GAMBLERS?
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It’s proven that we, Poker Professionals have a specific kind of intelligence other people don’t.

We are so much into the world of equities, profitability that we have developed a very impressive way of thinking. Others don’t have that thinking process and believe me, they would like to be able to think like we do!

Check the TED Talk video below, the risk intelligence expert Dylan Evans explains the value of risk intelligence.
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What Can We Learn From Expert Gamblers?: Dylan Evans at TEDxWestlake

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So what others can learn from us? To work on their risk intelligence.

If you were embarrassed and didn’t want to tell anyone that you are a poker professional, telling them just that you are working online, now that will change! This form of intelligence we have is something business owners and CEOs all over the world would die to have. Their work is all represented by percentages and probabilities.  They have no clue how to deal with them, but for us poker professionals? It’s our second nature.
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This is true for all professional “gamblers”!

Blackjack guys count cards, sports betting junkies make their systems and software around sport results… However, poker professionals are away above all of them. We deal with people directly. We study their tendencies, we are also psychologists… Exactly, we know how to use our risk intelligence on daily basis!
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As Dylan says in video above, there are 3 ways to use your risk intelligence, to make decisions based on probability

  1. Set a threshold – We are already doing this! You are not going to play the hand if your equity is low? The exception is bluffing, but well, you just use a different form of equity there – fold equity!
  2. Bet sizing – Well, yeah, it’s obvious that we are using this, but it’s not so obvious for people who are not poker players. How many times do you see somebody investing tons of money, risking a huge amount to get small?
  3. EV (Estimated Value) – We already think this way, we think about estimated value, if we are above or bellow EV. The concept of EV is totally strange to others!

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Another thing to keep in mind is the reason for playing…

Check the chart Dylan presented in video, how true it is for poker professionals. We do play for money, profits and we play poker because it’s skill based, not based on luck.
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And the best thing about poker pro’s brilliant minds is that we think long term.

Who the hell cares about coolers? Only recreational players aka gamblers do. Poker professionals don’t. We know those are short-term results and that AA will have 83% always. It’s not important that you lost with your bullets vs 72o on 772 flop. On a long run, you will crush that opponent who is doing that, because he has no risk intelligence!

Actually, it’s very easy to test it. You can find a free risk intelligence test HERE
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Step 1

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Go to Basic RQ Test and click on “TRY IT FOR FREE”

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Step 2

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Check the short guide about the test on the next page and fill the captcha

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Step 3

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Select the answers in the test based on probability of truth

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I am a HU player, our variance is lower, but still, I have great results. I scored 72.93 out of 100 and according to the test that is high. You will also be able to see the “calibration curve”. A fancy phrase for – how certain you were about your answers. However, the score is the important part.
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Looks complicated, but actually, it’s simple – blue line represent perfect answering and red line is is how confident you are, the closer it is to the blue one, the better.

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I believe you should be proud of being poker professionals, and don’t think about prejudice because you are actually geniuses! The world is all about uncertainty and poker players know how to deal with it, they are doing that every single day, for hours. Poker has no mercy, you either win or lose, so does life.
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Life is risky. Let me tell you how risky it is… You’re not going to get out alive! – Jim Rohn

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