To illustrate this:
In a standard 52-card deck, there are 2,598,960 possible five-card combinations. Here are probabilities for various outcomes:
• Royal Flush: 0.0002% (4)
• Straight Flush: 0.0014% (36)
• Four of a Kind: 0.024% (624)
• Full House: 0.14% (3,744)
• Flush: 0.19% (5,108)
• Straight: 0.39% (10,200)
• Three of a Kind: 2.11% (54,912)
• Two Pair: 4.75% (123,552)
• One Pair: 42.25% (1,098,240)
• Nothing: 50.1177% (1,302,540)
More than half of all poker hands result in nothing. Poker players understand this reality and embrace it. They don’t feel compelled to play every hand. Instead, they wait for probabilities to align in their favor.
Novice traders often struggle with this concept. They equate constant activity with progress. But the truth is, the game is won by being aggressive when the time is right and disciplined when it isn’t.
Fun fact
A chicken can be hypnotized with its head down near the ground, by drawing a line along the ground starting at the beak and extending straight outward in front of the chicken.
@piersmorgan As it gets more popular, the more scammers come in. Hope the future brings a better identity management where people can’t hide behind fake ids 😬
Texas stories deserve a Texas backdrop. That’s why I teamed up with Dennis Quaid, Woody Harrelson, Billy Bob Thornton, and Renée Zellweger for True to Texas. It’s time to bring film and TV productions home!