I learned how to play Texas Hold'em on the set of 'Night at the Museum'. I enjoyed the game and since then I have played a few house games with the boys and participated and came in second place at a Tournament in the Casino.
Some people said I have a natural talent for games; I think its all genetics, my family enjoys gaming; which I never understood until now. My grandparents love Bridge and MJ; my parents love horse racing, MJ, and Black Jack; my siblings like poker, MJ, and table games at the casino. I enjoy MJ and now Poker. I liked MJ because I like the social aspect of catching up with friends as we are playing. Its the preferred sport of most Chinese anywhere. I don't consider myself a gambler since spending or rather losing more than $20 really bothers me. I just enjoy the game.
Not until this week did I understand being 'short stacked' means in real life?
In Poker terms, the way I understand it - Short Stacked means that you have the least money on the table and unless you are lucky with your cards, you will get bully by the people with the most money or get 'blinded' out. (Blinds are like Ante you have to put in when its your turn every round).
In a game of 8 - 10 people, if you are short stacked, you can just wait it out for the good hands and/or you fold when you see someone else going after the one with all the chips. In a game with 2 - 3 people, you are fighting for your survival, because 1 out of 3 hands, you have to put in your blinds.
In real life, I realize you behave relatively the same way. If you are push to the limit, or get bully, choosing the time to fight is key. Before starting any 'game', if you can accept your losses then, that will help you play better. When do you walk away and when do you fight for survival? It all depends on what you are willing to lose. It works in business, school and dealing with people in general.
So what is your game plan? what is the least amount of damage you are willing to lose? and that is how you WIN! You might not win the prize but you won the lesson. And if you realize you are learning a lesson, you have won the knowledge - and that, at the end of the day, is what it is all about.
Sunday, September 17, 2006
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1 comments:
I like your analogy between business and poker. One extentsion to poker that would make it more like business is the option to cooperate or 'team-up' with other players. By teaming up, you lessen your risks but dilute the winnings.
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