Poker is a game of chance when nothing is at risk, but when the chips are on the line it becomes a much more skill-based game. This is especially true when it comes to betting.
A player can only bet so many chips into the pot during a betting interval (called a round) that the total amount of chips staked by the players before him is at least equal to the total amount staked in the pot so far. This is called equalization and it ensures that no one player will have an advantage over any of the others at any given time.
Bluffs happen far less often than you might think. It’s easy to get the impression from the way they are portrayed on TV and by friends that bluffing should be a major part of your play strategy, but top players only bluff when the odds are in their favor. This doesn’t mean that bluffing is not important, it just means that you should use it very sparingly and only when you have the best hand in the world.
The earlier your position, the more information you will have about your opponent’s starting hand range and strategy. You can then make more informed decisions based on your own assessment of the value of a hand and the likelihood of your opponents having a stronger one. It’s recommended that you keep a study journal for this purpose. This will help you memorize and internalize the formulas and calculations that will allow you to improve faster.