1. Knowing what you have.
2. Knowing what your opponent has.
3. Knowing what your opponent thinks you have.
4. Knowing what your opponent thinks you think he has.
5. Knowing what your opponent thinks you think he thinks you have.
In theory it can go forever but it can probably be argued that even top pro's don't really go behind level 5
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"Most of the money you'll win at poker comes not from the brilliance of your own play, but from the ineptitude of your opponents."
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