Mike Koenigs's video: Three Professional Poker Strategies from Wayne Yap to Give You an Unfair Business Edge

To learn more about Wayne and get a free copy of his upcoming book, click here: https://www.UGAdvisory.com/Free What's the most powerful game you can play that trains your brain to win at business? If you answered poker, you’re right. Applying poker strategies in your business can give you an unfair edge, record profits and enable you to make difficult, high-stakes decisions in seconds with limited information. Poker is easy to win but notoriously difficult to master. Warren Buffett once said, “If you've been playing poker for half an hour and you still don't know who the patsy is… you're the patsy.” According to Wayne yap, one of the youngest multimillion-dollar-earning poker players and winner of the high roller event at the ACOP, in the world of professional poker, the most winning players use eight core strategies to overcome their fear of loss, make multimillion-dollar decisions in 30 seconds or less, and outsmart world-class competition in a zero-sum game that's very similar to succeeding in business. In business, you need to manage your fear, have a statistician’s brain, see invisible opportunities, and know exactly when to move in a perfectly timed and coordinated fashion. In a business's lifespan, there are thousands of ways you could lose your reputation, net worth, or get ambushed and decimated by the competition. What if you could increase your odds of success three to 10 times for any of these decisions? A professional poker player’s mind could be the ideal secret weapon in business. Yap has developed a series of non-obvious strategies based on years of playing professional poker that he applies to startups and established businesses as an investor and advisor. These strategies appear in his upcoming book, “Zen and the Art of Business and Poker - Eight Professional Poker Strategies to Give You an Unfair Edge.” His journey is fascinating. He grew up in Singapore and began playing poker with his friends when he was 17. Their obsession with the game drove them to skip school and play for hours in abandoned classrooms. Yap bought every poker book he could get his hands on to get an edge, and got good enough to start playing online poker. Then he had to fulfill his civic duty. Singapore has mandatory army service after graduation, and Yap turned down an opportunity to become an army officer because he was focused on becoming the best poker player he could. He secretly watched training videos on a contraband iPod Touch during training missions in the Brunei jungle. When he returned home from his service, he received devastating news from his parents. Their business had failed, and they’d lost the family car. At this point, Yap was making a few thousand dollars a month playing casual poker, so he was able to give his mother $1,000 to help them rebuild. The look on his mother’s face when she saw the money solidified his decision to pursue poker professionally. Although they wanted him to pursue a more traditional career path, the money and ability to help his family made poker a no-brainer. In the years that followed, Yap played in some of the biggest international casinos as a professional, high-stakes poker pro, earning $1,419,184 and attained the lifestyle of his dreams. He eventually realized that the stress of that lifestyle -- sometimes playing 30 to 40 hours in a row before getting an opportunity to play a hand with the right players at the right tables -- was unsustainable. He began investing heavily in his personal growth. He started meditating and reading personal development books, like “The Power of Habit” and “The Seven Habits of Highly Effective People.” He realized that many of the things he learned from playing professional poker could be applied elsewhere in life. His instincts led to perfectly timed investments in Activision Blizzard, Bitcoin, and Amazon. He began advising businesses, and again discovered that his mindset gave him tremendous leverage. (One of Yap’s strategies, “Edge Finder,” is that you need to know where you have an edge in any business or game you play.) Three Professional Poker Strategies to Give You an Unfair Edge: Brand Bluff: A professional has a tremendous incentive to look like an amateur and an amateur has a lot of incentive to look like a pro. What's the quickest shortcut to elevate your credibility or to borrow it from others? Joining masterminds where you can meet other smart, successful entrepreneurs is one way. Desensitize Big Money: Get used to asking for big money or playing the big game as soon as you can. It feels uncomfortable at first to ask for that big paycheck or negotiate for more, but with repetition, it becomes easy. Close Call: If you have a close decision to make, pick the option that has more perceived short-term pain.