Richard Yong is a PhD student of finance in the University of Texas. His objective is to provide sound advice to people who play poker. His website is called pokerpro. He also publishes a newsletter, including articles from his PhD thesis on poker and finance.
Richard was diagnosed with a thyroid disease and came to realize that his life has changed. His thyroid gland was producing too much of this hormone called “Leutenizing Hormone” (LH) which controls the pituitary gland. This hormone controls your adrenal glands and if it is low you have high blood pressure and you feel tired all the time.
For Richard the symptoms are not a matter of illness, but of being aware of the fact that he has a medical condition. He made changes to his lifestyle and pursued a PhD to study about money and poker. Here are some of the things he discovered during his research:
There are two types of poker players, right or wrong? Richard was surprised by the truth that he learned. Poker players are divided into right-handed and left-handed. Most professional poker players are right-handed. Most bad players are left-handed.
A good player, in order to become good, wants to win more than losing. If the prize money for a tournament does not afford a good player a very good win, then the player is frustrated. That’s a problem for him because he will play bad and lose more money, especially if he was betting only for the purpose of winning and making himself happy with the win.
Richard realized that there was a secret to make him win a lot of money. He found out that the key is to increase his chance of winning in a poker game. He found out how to do that through experience and knowledge of how to combine these two important factors – knowledge and experience.
The first lesson Richard taught to the poker players is that winning involves both the mathematics and the psychology. You need to know how to calculate your odds of winning as well as have a clear mental picture of what is happening in the game and why. When you feel confident about your chances of winning a hand, you will be able to hold onto your hand longer and make you bet more.
It is important to have a mental image and to make sure you really believe in your chances of winning. Richard Yong teaches how to keep track of your mental picture by counting cards and by mentally having your hand in front of you while you play. Your hand should represent the whole game, not just one of the cards in your hand.
Richard Yong said that poker is a game that works with three principles: “the law of motion”, “the law of deception”the law of numbers”. The first principle is that when the players are on the way to a hand, the cards play out in a certain way. The second principle is that the playing cards are dealt randomly. And the third principle is that poker is a game of deception.
When Richard Yong taught his students the use of the three principles, he taught them to be creative in their card tricks. They made their own tricks by combining cards. The tricks were random and it would take a lot of practice before they were able to get it right.
One aspect of using the psychology in card tricks is that you need to understand the psychological component in the way the mind deals with an object. You also need to realize that the psychological component is a strong element in poker and you should make sure you master it. You will know how to apply it in a poker game when you really understand it.
Richard Yong also said that poker is a game where “A considers B as its enemy” and the players know this even before the game starts. But he had a secret of how to win poker: “You need to win against yourself”. If you play the game the right way, you can win big money from poker.