Poker risk management has real-world implications.
In this latest installment of his series of films devoted to the mental game, JMBigJoe investigates the elements that contribute to a player’s propensity to avoid taking risks.
Off-the-table effects of table risk management
While players are always cognizant of the potential consequences of their actions, they may play more freely at the tables than in their daily lives.
Although EV may be present when it comes to taking calculated risks, such as when selecting a certain route to a location in order to save travel time, this is not necessarily the case when it comes to more consequential choices.
On the other hand, there are others who aren’t accustomed to being themselves in public but who let it all hang out at the tables. A stockbroker who often deals with millions of dollars in investments can be picky about who he works with.
Poker pro and trainer José Mara JMBigJoe Jiménez has released a series of films discussing the psychology of the game and how it relates to his own life.
Is there ever a safe time to take a chance? Some of his statements reflect his view that, in general, particularly when looking at the big picture, it is better to be risk-averse. He has also observed that risk-takers often do so because they are impatient to see results.
He then goes on to discuss how one’s commitment and self-control are related to the amount of danger one is willing to accept. By combining all these aspects of the mental game, you may create a more well-rounded individual and player in terms of your comfort with taking risks. How? Continue viewing the clip.