Poker is a card game played between two or more players. Each player is dealt cards and the player with the highest hand wins the pot. Players can bet one or more times before the flop, turn, and river are revealed. A player can also raise or fold their hands during this time. If there is a tie between players, the pot is split and if there is a tie between a player and the dealer the dealer wins. The game requires high levels of concentration and you will learn to pay attention to your opponents body language and their betting patterns.
Poker forces you to make decisions under uncertainty, something that many business owners and investors struggle with. You can’t always see what cards other players have and how they will bet, so you have to estimate the probability of different scenarios and then choose the best action based on that. This is a valuable skill to have and will improve your decision making in all areas of your life.
There are a lot of different variations of poker but the basics are fairly easy to grasp. You will need to understand how the game is structured, hand rankings, and positions (Cut-Off vs. Under the Gun, for example). Additionally, you’ll need to know the basic rules of betting (calling, raising, folding) and the difference between Fixed Limit and No Limit poker games. These basic skills will give you a solid foundation on which to build your poker strategy.