Poker is a game of incomplete information, and making decisions when you have limited information is a key skill in both poker and other areas of life. Poker teaches you to make these kinds of decisions by giving you practice sitting through countless losing sessions (and even a few blow-outs). It helps you learn to control your emotions and not overreact to a bad session, which is a good lesson that can be applied to other parts of your life too.
In addition, poker teaches you to understand the emotional states of other players and their reasoning. It is a great way to develop empathy and understanding of others, and this skill can be applied to other aspects of your life, like business negotiations. It also teaches you to pick up on little tells, like an opponents eye twitch or the fact they didn’t raise their eyebrow when you called a bluff.
In poker, each player is dealt two cards, then there are five community cards which everyone can use to make a 5-card “hand”. When you bet, you’re betting your chips against the other players in an attempt to win the pot – all the money that has been raised by everyone so far. By playing in position and maximizing the value of your strong hands, you’re able to get the most out of them without giving away information to other players. In other words, being the last to act has a big advantage over your opponents.