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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 August 20, 2018

Quit Your Job If You Don’t Like It, No Matter What

Quit Your Job If You Don’t Like It, No Matter What

Do you know that feeling? The one where you have to wake up to go to your boring 9-5 job to work with the same boring colleagues who don’t appreciate what you do.

I do, and that’s why I’ve decided to quit my job and follow my passion. This, however, requires a solid plan and some guts.

The one who perseveres doesn’t always win. Sometimes life has more to offer when you quit your current job. Yes, I know. It’s overwhelming and scary.

People who quit are often seen as ‘losers’. They say: “You should finish what you’ve started”.

I know like no other that quitting your job can be very stressful. A dozen questions come up when you’re thinking about quitting your job, most starting with: What if?

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“What if I don’t find a job I love and regret quitting my current job?”
“What if I can’t find another job and I get in debt because I can’t pay my bills?”
“What if my family and friends judge me and disapprove of the decisions I make?”
“What if I quit my job to pursue my dream, but I fail?

After all, if you admit to the truth of your surroundings, you’re forced to acknowledge that you’ve made a wrong decision by choosing your current job. But don’t forget that quitting certain things in life can be the path to your success!

One of my favorite quotes by Henry Ford:

If you always do what you’ve always done, you’ll always get what you’ve always got.

Everything takes energy

Everything you do in life takes energy. It takes energy to participate in your weekly activities. It takes energy to commute to work every day. It takes energy to organize your sister’s big wedding.

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Each of the responsibilities we have take a little bit of our energy. We only have a certain amount of energy a day, so we have to spend it wisely.  Same goes for our time. The only things we can’t buy in this world are time and energy. Yes, you could buy an energy drink, but will it feel the same as eight hours of sleep? Will it be as healthy?

The more stress there is in your life, the less focus you have. This will weaken your results.

Find something that is worth doing

Do you have to quit every time the going gets touch? Absolutely not! You should quit when you’ve put everything you’ve got into something, but don’t see a bright future in it.

When you do something you love and that has purpose in your life, you should push through and give everything you have.

I find star athletes very inspiring. They don’t quit till they step on that stage to receive their hard earned gold medal. From the start, they know how much work its going to take and what they have to sacrifice.

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When you do something you’re really passionate about, you’re not in a downward spiral. Before you even start you can already see the finish line. The more focus you have for something, the faster you’ll reach the finish.

It is definitely possible to spend your valuable time on something you love and earn money doing it. You just have to find out how — by doing enough research.

Other excuses I often hear are:

“But I have my wife and kids, who is going to pay the bills?”
“I don’t have time for that, I’m too busy with… stuff” (Like watching TV for 2 hours every day.)
“At least I get the same paycheck every month if I work for a boss.”
“Quitting my job is too much risk with this crisis.”

I understand those points. But if you’ve never tried it, you’ll never know how it could be. The fear of failure keeps people from stepping out of their comfort zone.

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I’ve heard many people say, “I work to let my children make their dream come true”. I think they should rephrase that sentence to: “I pursue my dreams — to inspire and show my children anything is possible.” 

Conclusion

Think carefully about what you spend your time on. Don’t waste it on things that don’t brighten your future. Instead, search for opportunities. And come up with a solid plan before you take any impulsive actions.

Only good things happen outside of your comfort zone.

Do you dare to quit your job for more success in life?

Featured photo credit: Unsplash via unsplash.com

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