Which would you rather have: $1 million USD right now or a single penny that doubles every day for the next 30 days?
You’ve probably heard this question before because the answer is one of the clearest examples of the power of compound interest.
I suspect that if one hasn’t given it too much thought, one would go for the cool $1 million. After all that’s a lot of money. Besides that, a paltry penny really isn’t worth much is it? Intuitively, it just makes sense to get the $1 million in hand. Compound interest doesn’t care about intuition, though…
Learning when to turn a made hand into a bluff is one of the most beneficial lessons for mid-stakes players. It takes study, practice and experience, but with a few key tricks you will be able to better navigate river decisions and understand when to turn your hand into a bluff.
As a coach, teacher, and podcast creator, I am in an interesting position. I get to work with and answer questions from some of the most talented and motivated established and up and coming poker players from around the globe, and yet, I also get to see how many struggle with developing their poker expertise, reducing bad habits and consistently playing in the zone. After some amount of thought about why it is so difficult to succeed at poker, I have come up with some possible hypotheses that I think can help you guide you towards improvement.
One of the most-asked questions I get during my morning show A Little Coffee (Mon – Fri at 9am ET) is “When should I become a professional poker player?” To hopefully avoid re-answering the same again in the future, here are my thoughts on the subject.
Over the last few years the idea of the 10,000-hour rule has captured people’s imaginations. Many books, articles, and videos have been produced extoling the virtues of this rule. Essentially the rule says that if you want to become an expert at pretty much anything, all you need to do is put in 10,000 hours of work and you, too, will become a master.
The originator of the research on which this rule is based, K. Anders Ericsson, takes exception with what he considers to be an over-simplification of his work. If you delve a little bit deeper into his research, which spans four decades at this point, you’ll see that it takes a bit more than just time in the seat to become a true expert…
Dr. Patricia Cardner discusses 3 steps to increase your motivation.
Dr. Patricia Cardner discusses applying discipline to your skills.
Dr. Patricia discusses 4 psychological assets that will increase your poker performance
Dr. Tricia Cardner explained how to achieve anything you desire.
Dr. Patricia Cardner explains the keys to staying motivated.
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