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When to quit a session

  
 
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linker33
Old 10-25-2004, 08:27 PM     Post subject: When to quit a session #1 (permalink)  

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linker33
I read somewhere, actually on FTR's home page that playing good Limit Holdem, you can expect to clear 1BB/hr. So does that mean that if I catch a few good runs and double or triple my buy, I should quit. For example, I start w/ $5. Within 10 hands I'm up to $10. W/ a 50 cent BB, unless I plan on playing for over ten hours, the longer I play the closer the the 1BB/hr average I'll get. So it makes more sense to walk away while your up and temporarly beating the odds. Or am I missing somthing?
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Nehmer
Old 10-25-2004, 08:32 PM #2 (permalink)  
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Nehmer
That is the wrong way to look at it. Think about if you flip a coin, you are expected to hit heads 1/2 the time. So, if you flip a coin and get heads 10 times in a row, you are still likely to get heads 1/2 the time after that. It is the same thing here, you go on a big run and make 20 BB in 20 minutes of play, now you are still likely to make 1 BB/hour after that. Yes, your average will most likely drop after the initial monster rush, but you should continue to win more money if your usual average is actually 1BB/hour(just at a slower pace).
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fishstick
Old 10-25-2004, 09:13 PM #3 (permalink)  
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fishstick
the idea of "quitting while you're ahead" is only valid if you never plan to play again.

remember, it's one long session...
i hate what i have become to escape what i hated being...
 
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kingsthrone
Old 10-25-2004, 09:34 PM #4 (permalink)  
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kingsthrone
both have valid points, but sometimes its good to stop anyway. It's an emotional boost. You played a little bit, came out quite a bit ahead, and you can feel good about it the rest of the day, instead of worring about it widdling away to a cold run of cards or a bad beat or two. Just as you should stop if your going on tilt, you should stop when you're doing really well sometimes. If you only stop on tilt, then you always feel like crap after playing poker, and where's the fun in that?
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Krapp
Old 10-25-2004, 09:48 PM #5 (permalink)  
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Krapp
Atlhough not valid, I hate quitting after a loss, even if I had 10 wins before that. The last loss most always put stress on my sleep. From my point of view, if I can go to bed either even or ahead, I have a more restful night.

On the flip side, probably a good reason that you are doing well at a particular session is b/c the opps you are playing with. If thats the case, you would prefer to stay up all night and extract money from their hands. It always good practice to stay where the money is and leave when you are the fish.

Im summary, there is not statistical merit to leave while you are ahead (unless you never plan to come-back). However, I would tend to quit while ahead for the peaceful nights rest.
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fishstick
Old 10-25-2004, 09:50 PM #6 (permalink)  
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two other points:

1. while i don't buy the "quitting while your ahead" idea, i see nothing wrong with getting your big winnings off of the table, and then looking for a new table. on the chance you get sucked out, better it just be one buy-in.

2. i will sometimes say before i sit down that if/when i double up, i'll quite early (i like working in ~200 hand sessions - if i double up on hand 3, good enough! ).
i hate what i have become to escape what i hated being...
 
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