READ: Applying the World Series of Poker to Business

World Series of Poker

Sharelines

  • Poker and business are actually very similar. Both may profit from knowing more about the other.

Poker and business actually have a lot in common.

The Huffington Post revealed five things entrepreneurs can learn from the World Series of Poker, namely competition, diversification, calculation, “poker face” and changing winners.

In competition, both trades can benefit from studying other players in the field and reviewing their choices and both vie for consumer interest.

Also, similarly, business and poker both value particular roles in the industry, whether entrepreneurs must define themselves and form close relationships with others in the market or whether poker players distinguish themselves with the variations they play and the rivals they develop.

Maintaining a poker face, or in business, being more unpredictable in their advertising practices, can keep their competitors at an arm’s length and behind the curve.

In addition to that, businesses and poker players alike will learn, and learn quickly, that there are factors beyond control. The old adage, practice makes perfect, may apply most aptly here, that both industries should focus on building their skills, understanding the market and adapting as deemed necessary over time.

Read the whole story on The Huffington Post here.

Want to stay atop all the latest in the poker world? If so, make sure to get PokerNews updates on your social media outlets. Follow us on Twitter and find us on both Facebook and Google+!

More Stories

Related Tournaments

Other Stories

What do you think?