Poker is a game of chance, but it also involves a fair amount of skill. The game can be very fast-paced and players must learn to balance safety with risk. If players take too many risks, they may find themselves out of the game quickly.

To begin playing, each player must buy in for a certain amount of chips. The chip value varies from game to game, but the usual values are white chips worth a minimum ante or bet; red chips worth five whites; and blue chips worth 20 or more whites. Each player must then choose to fold if they don’t have any sort of hand going for them, or call if they want to place another bet.

Once each player has their chips, the dealer will reveal three cards on the table as community cards. This is called the flop. After the flop, there is another betting round. Then the final card is shared, known as the river. The highest-ranking hand wins the pot.

During the betting rounds, players must study the betting patterns of the other players to decide whether or not to call, raise or fold their bets. They must also pay attention to the size of their opponent’s stack of chips, as a short-stacked player will be desperate to win and may be easier to bluff against than a big-stacked player who can afford to call your raised bets. Depending on the rules of the game, players can also “discard” their unwanted cards to be replaced with new ones from the bottom of the draw stack.