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7 Ways Thinking Like a Poker Player Will Boost Your Career

7 Ways Thinking Like a Poker Player Will Boost Your Career

Top poker players don’t usually wait for good things to come their way. They go out and make them happen. To be a winning player, you need to master skill, strategy and psychology. It’s not all about a well-timed gamble.

What does this have to do with you and your job? Research on successful players carried out by PokerStars shows that approaching the game in the right way is what separates poker stars from poker suckers. And these same traits can separate workplace high-flyers from, well, everyone else.

So start thinking like a top poker pro, and treat your career like a game – one that you intend to win.

1. Learn from your mistakes

Everyone makes mistakes at work. Every day. Even you. But what are you going to do about it?

In poker, a player that doesn’t learn from their mistakes is a losing player.

“The best players are able to learn from their own mistakes,” says poker superstar Gus Hansen. “This is what makes them the best.”

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So follow Gus’s advice and identify where you’re dropping the ball. Don’t deny error. Embrace it. Every time you learn from a mistake and improve your skills, you make yourself a stronger candidate for promotion.

2. Stay disciplined

Losing focus and self-discipline at work is the easiest thing in the world. Everyone gets complacent. We all lapse into bad habits.

But poker player Freddie Gasperian says, “To master poker and make it profitable, you must first master patience and discipline, as lack of either is a sure disaster.”

Freddie’s advice is clear – don’t switch off, don’t let your concentration lapse. The margins between winning and losing can be fine in any game – and a lack of discipline can be disastrous.So stay sharp. Be disciplined about maintaining a routine that’s conducive to good work. Focus on forming good habits – get enough sleep, stay hydrated and maintain a calm, organized working environment.

3. Keep a level head

In poker, losing your temper is worse than losing your concentration. Lack of focus can make you sloppy, sure. But losing your cool can lead to spectacularly erratic, reckless and ruinous play. (Poker players call this going ‘on tilt’.)

Poker player William J. Florence sums it up nicely: “Never to lose your temper, either with those you are playing with or with the cards.” This is a sentiment echoed by many players. “The cardinal sin in poker,” says Katy Lederer, “is becoming emotionally involved.”

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So poker isn’t a game for hot heads. It takes cool thinking to reach the top of the game. Heed this advice. Stay level-headed about workplace frustrations and setbacks. Don’t go on tilt when things don’t run for you…

4. Believe in yourself – a lot

Question: do the best people always get promoted?

No. They do not.

Often people go farther in their careers because they have confidence. They simply believe they’re the best.

Self-styled poker brat Phil Hellmuth once said, “If there weren’t luck involved, I would win every time.”

We know this can’t be true. But if Phil Hellmuth knows if he says it with enough confidence, his opponents might believe it. He might believe it. And that plays in his favour. Obviously, you don’t want to turn into an arrogant douchebag at work. But in a lot of industries, confidence is king. And if you’re not naturally a big believer in yourself? Hey, fake it until you make it.

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5. Make winning decisions, not lucky decisions

Just as a broken clock tells the right time twice a day, decisions at work don’t always have to be good to, well, work.

Sometimes you get lucky at your job. That’s great. But hot streaks don’t last. To be successful in any workplace role, you should start thinking about success like a poker player. Poker players think about winning decisions, not just winning money. Making good decisions leads to something called positive expected value.

This basically means that by making objectively good decisions – rather than decisions that turn out good – you’ll be a winner in the long term. Start to think about the expected value of your decisions at work – are they positive or negative? Can you justify that you’re making a good call, or are you just hoping to get lucky?

6. Get inside your opponent’s head

Sometimes you’re not the only candidate up for a job or promotion. Sometimes, you have an opponent. If you’re in the same workspace, they might be a direct competitor you see every day.

So what can you do to maintain an edge over them? Gus Hansen says, “An essential element in playing winning poker is to force your opponents to make difficult decisions.”

Basically, he’s saying ‘don’t make it easy for your rivals’. Play hard. Play fair. But make them doubt themselves. Make them wonder about what you’re doing that works so well. Great poker players have a way of getting inside their opponent’s heads. This leads to hesitation, and second-guessing. If you can replicate a little of this psychological gameplay at work, you’ve won half the battle already.

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7. Decide when to gamble

Climbing the career ladder isn’t all about skill-mastering, self-confidence and cold-blooded concentration. Sometimes, you have to take a punt – and gamble on yourself. But everyone knows that bets don’t always come off. So what’s the difference between a good bet and a bad bet?

For poker players, betting is all based around odds.

“Odds calculation does not necessarily turn you into a winning poker player,” says A.D. Livingston. “But if you ignore the odds for too long, you are bound to be a loser.”

Odds are all around us at work, too. What’s the cost-to-benefit ration of going for a new role? Asking for a pay rise? When you calculate that the odds of a promotion-yielding move are favorable, be prepared to bet on it.

And bet big.

Featured photo credit: maorix via flickr.com

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Last Updated on June 19, 2019

8 Life-Changing Skills You Can Learn in Less Than 6 Months

8 Life-Changing Skills You Can Learn in Less Than 6 Months

Everyone has the ability to learn a life-changing skill not just this year, but in the next 6 months.

By life-changing, I mean something that can have a positive impact in your life moving forward, even if it’s something you can’t envision today. Certain skills we can immediately reap the benefits of, while others will be life-changing when we least expect it.

In this article, we’ll share 8 life-changing skills you can learn in 6 months, where you can learn them, and how you can get started today.

1. Speed reading

Bill Gates has been known to state that if he had one superpower, it would be the ability to read faster. What Bill and the rest of the mega-successful understand is that knowledge is power. The ability to process information faster from books, articles, and reports is what will help us learn faster, and therefore improve each aspect of our life faster as well.

Where you can start learning: Speed reading courses are becoming more popular, as more people realize how important it is with the limited time we have. You can check out free courses like Read Speeder or you can start learning how to use Spritzlet, which allows you to speed read articles online with a browser extension.

2. Public speaking

Research shows that people fear public speaking more than death itself. There’s something terrifying about being in front of dozens or hundreds of people, and exposing yourself completely. It’s when you’re most vulnerable, but learning how to public speak is a life-changer.

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Warren Buffett has given advice to recent graduates that the number one skill you can have to succeed is public speaking skills. Everything from communication, confidence, and sales is developed when you develop your public speaking skills.

Where you can start learning: Luckily, there are great communities out there like Toastmasters that organize local meetups all around the world. You’ll find amazing public speakers that are looking to get to the next level to beginners that are just getting started. Check out Toastmasters’ website here.

3. Spanish

As the third most spoken language in the world, the ability to speak Spanish will allow you to reach over 500M people around the world. No matter where you live, knowing how to speak Spanish is becoming increasingly more important, with the Hispanic population and economy spreading quickly worldwide. If you’re living in the US, this is even more important, with over 30% of the population being Hispanic.

Spanish is also on this list, because it’s one of the easiest languages to learn. Sure, Mandarin is an important language to learn, but it’s an incredibly difficult one to learn. If we were to measure the level of importance and the time to learn for all the languages available, Spanish would make it to the top of the list.

One of the biggest reasons why people never reach fluency in any foreign language is: using the wrong method, and lack of time.

It turns out that humans retain only 5% of what we learn from lectures, 20% of what we learn from apps (visual cues), and 90% of what we learn from immediate immersion. Yet, how do 90% of learn a new foreign language? Language schools (lectures), books, Duolingo (apps), etc that don’t provide the real-life immersion required for our brains to learn faster.

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Where to get started: If you want the most effective way to learn a language, learning from real-life interactions is the best way to do it. There are great websites like Rype, which offers Spanish coaching for busy people, solving the issue of lack of time and bringing real-life immersion to your screen. With Rype, you can book as many lessons as you want, at any time of the day, any day of the week, allowing you to fit it into your schedule, no matter how busy you are.

4. Accounting

If you’re looking to get into business, accounting is one of the core fundamentals you’ll need to succeed. While you don’t need to be an expert, you definitely should understand the basics.

This skill can also be used to manage your personal finances, to meet your financial goals, and having more control over your life.

Where to get started learning: If you didn’t learn accounting in school, no worries. You can either teach yourself using books, or check out free accounting courses online.

5. Microsoft Excel

Most people reading this probably have a basic understanding of Microsoft Excel Spreadsheet. While this is a good start, there are so many powerful functionalities that are hidden, which could make your life a lot easier.

Excel is also a great asset to have whenever you’re looking for a job, as many corporations rely on Excel to organize and manage multiple parts of the business.

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Where to get started learning: With the popularity of Excel, you can find tons of free resources and videos online to learn. Check out Excel Exposure, Lynda, and Excel with Business.

6. Blogging/Vlogging

Blogging is a powerful tool if you want to spread your ideas, build your brand, or grow your business. Since it was introduced, blogging has taken on a life of its own, and today there are ~2M blog posts being written on a daily basis.

Where to get started learning: Anyone can start blogging today. All you need is a content-management system like WordPress, which is completely free. Personally, I think the best way to start learning how to blog is to just start writing. There are techniques you can learn on how to promote your blog, but the best way to grow your blog is to write great content.

7. Weight training

Yes, weight training is a skill. It’s not as advanced as learning how to code, nor will it take as long as learning a new language, if you just want to learn the basics.

We’re not promising that you’ll get a body like Arnold Schwarzenegger, but you will see much faster results for whatever goal you have, just by understanding how to workout properly. And of course, when you’re dealing with an activity that involves physical strain, you’ll always want to caution yourself.

Where to get started learning: There are amazing body builders that are sharing all of their secrets for free on Youtube. You can check out Bodybuilding.com’s Youtube channel to get started.

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8. Photo and video editing

In the digital world that we live in, from Youtube, Instagram, and Facebook, there is no avoiding photos and videos. In fact, social media has increasingly gone away from text sharing and almost everything to photo and video editing.

Where to get started learning: For photo editing, you can use Photoshop. For video editing, you can use iMovie or Final Cut Pro. Keep in mind, there are dozens of editing software tools for video and photo editing, but what’s more important are your editing skills, not the tool itself.

Check out education websites like CreativeLIVE or Skillshare, where you can learn from experts themselves on how to best use design and software tools.

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