When a person plays poker, they usually play in the hopes of winning more than what they had bet. This is the objective of any gambling game, but as with any gambling game, when there is a winner, there usually also has to be losers as well. After all, barring a tie or a high-low split, only one person will get to win the pot in any given poker hand. The pot is the pooled money that all of the players have bet for that particular hand, and the more players there are, the larger the pot.
In a poker game, there can be several poker hands, and in a single hand, there can be several betting rounds. Sometimes, in order to maximize the amount that a person can win, it may be necessary to fold and forfeit a hand. There can be a lot of math involved in a poker game, especially if one is up against skilled or experienced poker players. Even though skill can be a very important factor in a poker game though, if it comes down to a showdown where remaining players show their concealed cards, chance still has the last say on who wins and who loses in a poker game.
After all, the cards are randomly dealt. A player cannot control the hand that they will be dealt; they can only control their own betting actions. In this sense then, a relatively new poker player who may be too green to know that folding can be a tactically advantageous move has the chance of winning against a poker professional who may have already won a few bracelets at the World Series of Poker; if they have been dealt a good hand.
After all, even poker legends can lose every now and then. Thomas “Amarillo Slim” Preston, one of the godfathers of Texas Hold’em poker -he and a group of other Texan card players brought this particular poker variant to Las Vegas, where it eventually became the most famous poker game in the world today- once confessed to losing a whopping one hundred and ninety thousand dollars in a single night of poker.
This is why it is important to know one’s financial boundaries when playing poker. After all, regardless of how skilled you might be, there is still the possibility of losing, and it is important to know how much you are willing to lose. Create a poker budget and set aside the money specifically meant for poker.