Poker rule #1: your gut is not as reliable as you think

You really do have to know when to hold 'em, and know when to fold 'em, and most of the time trusting your gut is a copout, says poker champion Liv Boeree.

Want to win at poker? First, understand how your mind works. In Thinking, Fast and Slow, Nobel-Prize winning psychologist Daniel Kahneman explains the mind’s two thinking systems: System 1 which "is the brain’s fast, automatic, intuitive approach," and System 2 which is "the mind’s slower, analytical mode, where reason dominates." Champion poker player Liv Boeree explains that if you want to rake in the chips, you’ll need to harness both these systems. The game requires players to make decisions in circumstances of great uncertainty, so learn to balance your mathematical reasoning with your gut instincts—however, when those two systems give you strongly conflicting messages, Boeree says the win is usually based in logic, not intuition. Your gut is valuable, and can often be the key to reading a tell or bluff, but it "isn’t as reliable as you think." Find out more at www.livboeree.com.

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