Quote:
Originally Posted by DeathDonkey
No, what I am saying is how are you determining you are a "substantial statistical favorite"? It sounds like you are just generalizing and saying "well I beat 20/40 for $45 an hour so even if the lineup is bad or I am down 80 bets my hourly is the same" and that is simply untrue. There is no static hourly. Nor is it even worth worrying about what it is. The point is that evaluating each game on its own merits and quitting when people are playing their best and playing longer when they are playing their worst will have a massive effect on our "hourly".
This is not quite as relevant at smaller stakes because the average level of play is so low that often you can never be an underdog in the game no matter what. But at high stakes it makes a world of difference! There are some 400/800 games where my "hourly" might be 1000+ an hour and others where it is significantly below zero. I don't have a big enough bankroll or emotional roll to just shrug and power through the latter games but I'll happily take a shot in the former. And provided my analysis is correct and variance cooperates, ill do awesome.
I understand that, but I think we are talking past each other.
Here's the hypothetical.
Let's say you are at a table with 3 fish and 5 more and less solid players (not necessarily world champs, but players you aren't expecting to make a ton of money off of).
Let's further say that all 3 fish are making money. They are all playing "at their best". The 4th player making money at the table is you. The other 5 solid players are all either card dead or getting coolered and are way down.
Now, if what you are saying is right, you should LEAVE this table, correct? Because all 3 of your fish are playing at their absolute best and therefore cutting your long-term EV.
And yet I have never seen anyone, in any of these discussions, advocate doing that. Which tells me that there's a fair amount of "I'm running bad" short term gambler's fallacy thinking involved in this in the real world, even if you are theoretically correct.