Koen Bongers presenting at the SEO Chiang Mai Conference in 2024.

SEO Strategy and Portfolio Management: Lessons from Professional Poker

In a revealing presentation at the Chiang Mai SEO conference, Koen Bongers, who manages six high-value websites across 15 languages generating over 70 million in revenue, shared insights on applying poker strategy principles to SEO. This analysis examines how probability-based decision making and portfolio management can enhance SEO outcomes.

The Data-Driven Foundation

Bongers’ approach is backed by significant results:

  • Management of 6 websites across 15 languages
  • Revenue growth from 150K to 7M+ monthly
  • Portfolio spanning crypto, government, technology, and investing verticals
  • Team growth from 2 to 170+ people in 18 months

Core Strategic Principles

Expected Value in SEO Decision Making

SEO professionals often make decisions without calculating potential returns. Bongers introduces the concept of Expected Value (EV) from poker:

EV = (Probability of Success × Potential Gain) - (Probability of Failure × Potential Loss)

This framework helps evaluate:

  • Market entry decisions
  • Content investment choices
  • Resource allocation
  • Risk assessment for different SEO tactics

Page Updates vs. New Content

A critical finding from Bongers’ data shows stronger correlation between page updates and performance than new content creation. Key observations:

  1. Performance Correlation
  • Strong positive correlation between update frequency and page performance
  • Pattern holds true at page, subfolder, language, and domain levels
  1. Update Frequency Rule
  • Minimum: Annual updates for evergreen content
  • Recommendation: Don’t create pages you can’t maintain
  • Focus: Prioritize updating existing content over creating new pages

Competitive Advantage Analysis

Bongers presents a framework for evaluating competitive advantages using three criteria:

  1. Value: Does it provide meaningful differentiation?
  2. Rarity: How many competitors can replicate it?
  3. Inimitability: How difficult is it to copy?

Examples ranked by sustainability:

Low Sustainability:

  • Guest post buying
  • Basic content creation
  • Standard technical SEO

Medium Sustainability:

  • Subject matter expert network
  • Operational excellence
  • Specialized content teams

High Sustainability:

  • Large publishing networks
  • Portfolio domain management
  • Brand authority

Portfolio Management Strategy

Bongers reveals a tiered approach to domain management:

Conservative Approaches

  • Brand building
  • Product-focused SEO
  • Direct traffic development

Moderate Risk

  • High-authority domain acquisition
  • Network link building
  • Professional content development

Aggressive Tactics

  • Exact match domains
  • AI-generated content
  • Social platform optimization

Practical Implementation Framework

  1. Time Management Optimization
  • Automate repetitive tasks
  • Create comprehensive dashboards
  • Implement efficient project management
  • Set up automated reporting systems
  1. Resource Allocation
  • Focus on high-EV projects
  • Scale through delegation
  • Build trusted teams
  • Maintain operational flexibility
  1. Risk Management
  • Diversify SEO strategies
  • Balance aggressive and conservative tactics
  • Monitor algorithm changes
  • Maintain multiple traffic sources

Action Items

  1. Audit Current Portfolio
  • Document all domains and their purposes
  • Assess current update frequencies
  • Evaluate resource allocation
  • Map competitive advantages
  1. Implement Tracking Systems
  • Set up automated dashboards
  • Create update frequency monitors
  • Track page-level performance
  • Monitor competitor movements
  1. Optimize Resource Distribution
  • Calculate EV for current projects
  • Identify automation opportunities
  • Document repetitive tasks
  • Plan delegation structure
  1. Build Competitive Advantages
  • Identify sustainable differentiators
  • Develop unique assets
  • Create barriers to entry
  • Build scalable processes
  1. Risk Management Implementation
  • Balance portfolio risk levels
  • Create recovery procedures
  • Document contingency plans
  • Set risk tolerance thresholds

Summary

Bongers’ approach demonstrates that successful SEO requires systematic thinking, probability-based decision making, and strategic portfolio management. The key to sustainable growth lies not in individual tactics but in building systems that create lasting competitive advantages while managing risk effectively.

The implementation of these principles requires:

  • Clear competitive advantage identification
  • Systematic portfolio management
  • Data-driven decision making
  • Efficient resource allocation
  • Balanced risk management

Organizations that adopt these frameworks position themselves for sustained success in SEO, moving beyond tactical execution to strategic portfolio management.

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