🎰Expert gamblers exhibit a special kind of intelligence called risk intelligence.
🧠Different tribes of expert gamblers, such as poker players and sports bettors, require distinct skill sets.
💯Make decisions based on probabilities, setting thresholds and using expected value.
❓Test your risk intelligence with the online quiz to assess your decision-making abilities.
🎲Accept the role of chance in gambling and focus on long-term expected value rather than short-term wins or losses.
What is risk intelligence?
—Risk intelligence is the ability to gather information, analyze it, and come up with probability estimates. It helps expert gamblers make better decisions in gambling.
What are the different tribes of expert gamblers?
—The different tribes include poker players, blackjack players, and sports bettors. Each tribe requires different skills and approaches to gambling.
How can I improve my decision-making in gambling?
—You can improve your decision-making by understanding probabilities, setting thresholds for decision-making, and considering expected value.
How can I test my risk intelligence?
—You can test your risk intelligence by taking the online quiz mentioned in the video. It will assess your ability to make decisions based on uncertain information.
Should I focus on short-term wins or long-term expected value in gambling?
—It is recommended to focus on long-term expected value rather than short-term wins or losses. Expert gamblers understand the importance of a longer time horizon.
00:09The speaker has spent years interviewing successful gamblers to understand their thinking.
00:21Risk intelligence is a special kind of intelligence for thinking about risk and uncertainty.
01:18Different tribes of expert gamblers include poker players, blackjack players, and sports bettors.
07:21Test your risk intelligence with an online quiz to assess your decision-making abilities.
09:02Focus on long-term expected value rather than short-term wins or losses.
