Poker is a card game with a lot of chance, but it also requires skill and psychology. To make money at poker, players have to extract value from their winning hands and minimise losses when they have losing ones. This is known as “MinMax.”

To play a hand of poker, each player must first buy in with chips. Depending on the game, these chips have different values. The smallest chip is usually a white one, which is worth a single ante or bet. A red chip is typically worth five whites, and a blue chip is often worth 10 or 20 whites.

After everyone has bought in, they are dealt cards and then betting intervals begin. Each betting interval ends when all players have either called every bet or folded. The player with the highest poker hand then wins the pot.

If a player has a weak hand, they can also choose to bluff and try to trick their opponents into calling their bets. While this can sometimes work, it’s a risky strategy to take. It’s important to always remember that poker is a gambling game, and you should only ever play with money that you can afford to lose.

To ensure that the game runs smoothly, it’s often necessary to establish a special fund called the “kitty.” Usually, players will cut a low-denomination chip out of each pot in which they raise more than one bet. This fund is used to pay for things like new decks of cards and food for the players.