Quote:
Originally Posted by yogiman
Thanks a lot anyway, taper_mike. It's all very good intention, but i do know about statistical math. The thing is only, that i find that it happens much more often than would be statistically justifiable. In poker the phenomenon of cluttering luck is maybe more recognizable. Doyle Brunson even based largely his play upon it. When he mentioned it, and got the scorn from the rationalists, his reply was that he earned the millions, and not they.
Playing streaks well has no grounding in statistics, but it has a huge grounding in psychology, dominance and tilt control.
Everyone's, and I mean
everyone's play drops a level or two during prolonged losing streaks. Great players are masters at minimising this damage, taking frequent breaks to regain control, and recognising the subtle signs of tilt as the monkey starts taking over and acting upon it. Conversely, bad players on losing streaks start losing way below their regular win/loss rate, making their losing streaks much longer and more severe as their drop in play soon overtakes any short term variance.
On the flip side, weak players often quit after small wins, reasoning that they have a nice win, want to protect it and have other things to do. Great players use small wins as springboards to completely dominate opponents, playing long sessions full of confidence and invariably with a big stack/lead to keep the pressure up for as long as possible. This allows them to often play above their regular win rate for long periods, as confidence and creatity exudes, making them utterly deadly.
You don'y quit during losing streaks to change statistics somehow - you quit to get your head right and make sure that you don't drop to the point where your edge evaporates and your losing streak continues until you go broke no matter how the dice or cards fall.
Last edited by Wamy Einehouse; 07-25-2012 at 02:08 PM.