No bad beats

In poker, when you have a favorable hand only to get beaten by an underdog, you’ve experienced a “bad beat.” It wasn’t supposed to work out like that; only it did. In The Biggest Bluff, author Maria Konnikova writes about her journey to becoming a professional poker player. She meets champion Erik Seidel, who takes her on as his student. After narrowly losing a tournament, Maria finds Erik to vent about a bad beat. The odds had been in her favor. Erik, who is usually a good listener, uncharacteristically interrupts her. He tells her, “Bad beats are a really bad mental habit. You don’t want to ever dwell on them. It doesn’t help you become a better player.” Instead, Erik tells Maria, “Focus on the process, not the luck. Did I play correctly? Everything else is just BS in our heads. Thinking that way won’t get you anywhere. You know about the randomness of it but it doesn’t help to think about it.” Focusing on luck—randomness, uncertainty, chaos—encourages you to abdicate control over…