I wrote a piece about the Pareto Principle in Poker last year for TitanBet Poker. For those of you that don’t know, it is a popular mathematical theory that 80% of your results come from 20% of your effort. For example 80% of healthcare budgets are used by 20% of the patients. 80% of crimes are caused by 20% of criminals. The exact numbers don’t have to be 80/20, but the point of the principle is to point out areas where you can make disproportionate increases in productivity.
I identified a ton of poker examples too. For example table position. If you look at Hold’em Manager, chances are that around 80% of your winnings are from the hands where you had position. 80% of your winnings probably came from 20% of the (bad) players. Also if you practice good hand selection, 80% of your winnings probably come from the top 20% of your hands.
These are all in the realm of the mathematical, but the same principle can easily be applied to your mental game too. Again, you are not looking for an exact 80/20 split; you are simply looking for areas where there is a big imbalance between effort and reward. [Read more…]