Memorizing Numbers
Memorizing Important Drawing Odds
In Texas Hold’em there are a number of important outcomes that you should be familiar with in the context of your pocket cards e.g. on the flop the odds of “hitting” three-of-a-kind by matching your pocket pair on the turn, and river (this is called a “set”) is approximately 22.5 to 1. Therefore, you should only bet if you are getting a return of 23 to 1 on your bet.
It is important that you can quickly recall the probabilities associated with the possible improvements to these situations. Ideally, you would memorise as much as possible these important probabilities so that you will have more time to think about your overall game strategy without having to perform mental calculations.
Memorizing Important Investing Numbers
In investment it is also useful to be able to recall important numbers quickly in order to speed up your investment decisions. This is particularly useful in situations where for some reason you need to make a quick investment decision or if your trading style involves quick decisions in short term volatile situations.
An example of such an important number that you should memorise is 72 in the context of the well known “Rule of 72”. This rule states that to determine how long an investment will take to double in value you divide 72 by the expected rate of return e.g. if the expected return is 10% per year it will 72 ÷ 10 = 7.2 years to double in value.
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