In the discussed podcast, several key points are made about instincts and poker:

1. Experience and Sampling:
- Poker players develop a deep understanding of probabilities through extensive experience. They play "tens of thousands, hundreds of thousands of hands" and have "sampled correctly," which allows them to know exactly what small probabilities, like 1%, feel like. This level of intuition does not typically develop in prediction markets (00:23:00 - 00:23:28).

2. Uncanny Intuitions:
- Good poker players have honed their instincts to the point where they can make decisions based on very small differences in probabilities. For example, they might fold a hand because they needed a 31% chance to make it profitable but were only getting 30% (00:21:30 - 00:21:59).

3. Analytical and Competitive Nature:
- Successful traders, similar to good poker players, are good at making quick, intuitive decisions with limited information. This skill comes from a combination of being analytical and highly competitive (00:28:30 - 00:28:59).

4. Intuition Building Through Experience:
- Building these intuitions requires repeated exposure and experience. For prediction markets, one needs to bring in intuitions learned from poker rather than developing them solely through betting in prediction markets. The human brain needs to sample probabilities repeatedly to build accurate intuitions (00:22:30 - 00:22:56).

These points collectively illustrate how instincts in poker are a result of extensive practice and experience, enabling players to make highly nuanced and accurate probability assessments.