We negotiate in everything we do. From trying to get the dog to pee outside the house to negotiating with your kids at bedtime and making deals with clients. If you are in sales and procurement, you must negotiate a lot and you can implement those skills and practice practically on a daily basis. But if you are not in one of these professions, and still want to improve your negotiations skills, getting practice and simulating real environment negotiations can be difficult.
Playing free poker online games presents an opportunity to practice your negotiations skills fairly regularly. And the skills required to do well at poker usually overlap the negotiation world. Enough chit-chat, let's get right to the point of what are poker tips that can help you improve your negotiation skills.
Let's get started!
1. Understanding Your Hand
Sometimes you are dealt crappy cards, and sometimes you are dealt with great cards. And in poker online games, even if you have crappy cards, you can still do well on a hand. It all comes down to understanding what hand you are dealt with. In order to do that, you need to be able to calculate the statistical likelihood of success given your position, your cards, the cards known, and the ones that are unknown.
Likewise, in negotiation, you need to understand the statistical likelihood of success as well. This begins with knowing what you want to achieve, what leverage you possess over others, trying to understand what leverage the other party has, and what they are looking to achieve out of the situation. So, you need to fully understand what you have to offer and what tools you have available to execute a successful negotiation.
2. Know When to Fold
Knowing when to fold - sounds such a cliche, but you gotta know when to let go. In free poker online games, it is unwise to chase the hand that you don't have and sink too much money into a hand that you hope you are going to win. When the statistical likelihood of success is too low, you need to fold. Negotiations are no different - most people go into negotiations having no idea what their walk-away point is. If you can’t get a deal that is better than your best alternative, it is time to walk away.
3. Be Careful with Bluffing
In free poker online, bluffing is a skill that most can never really master. It is tough to pull it off effectively because when you get caught, you lose all your credibility at the table. This is the same case with negotiation. Here's some sage wisdom for you - DO NOT bluff in a negotiation. Leave that for the poker online games. If you get caught bluffing while in a negotiation, you'll lose all your credibility, and your reputation is damaged.
To Sum it Up!
These are the three most important fundamentals in online poker that directly relate to negotiations. So, for now, start playing regular poker online games and you'll be surprised at how well your negotiation skills will improve after a significant amount of time.