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Originally Posted by W0900418
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Is this a good strategy for a beginner to hit and run? For someone trying to build a bankroll again? Is it bad etiquette to sit down, double up in the first few hands, and leave?
The reason I ask is because I think I want to start this hit and run since my bankroll is down. Thanks, I do poker for fun nothing serious.
This is a very important question you’re asking but you should know that there’s no such a thing as “bad etiquette” to win a certain amount and leave the table the very next hand. You can do that. On the other hand the “bad” or misunderstood thing is the concept people get confused is what I call management. One is what is normally called money management and one is what I would call “bankroll management”.
Bankroll management is very important. Even if you are a great player, you must have enough of a bankroll units to sustain the inevitable losing streaks. And I have never been opposed to that. Quite the contrary, we got to keep a big enough bankroll to be able to play and sustain losses. The concept that I am always trying to explain to people is the “other” definition of money management.
Money management in most people’s minds, including yours by the way, means quitting simply because of how you are doing that day, or continuing to play simply because you are not there yet. In other words, you are in a game and you have won or lost x number of bets so you quit, only to come back tomorrow or to change tables because you won 100bb. Now you move over to a new table or come back the next day and start over with a random deck like before. Well, that is a silly concept because it is all one game. If you are a serious poker player, you are playing by the week, by the month, not by the day. And if you for instance are in a very good poker game, you don’t quit simply because of how you are doing. You quit because the game has gotten worse, you quit because you are tired. These are all proper reasons but not because I double-up my buy-in or I’m getting bad cards that day, because I’ve lost a certain amount, or because I’ve won a certain amount. This is simply incorrect. This is not my opinion, this is simply incorrect.
If you will play in a game where you have the edge/advantage, the more you play, the more you will eventually win. If you play in a game where you have the disadvantage, the more you play the more you will eventually lose. There’s no way of getting around that. If there was such a thing as getting around having an advantage simply by money management, you could go to the crap table and win by money management. In other words by quitting at the right time or not quitting at the right time but you cannot do that. Money management is a completely spurious idea as far as when you quit or when you don’t quit. The only thing that matters when you are gambling is to gamble when the odds are in your favor, when you are the best player, when you figure to win. And when you are in that situation play as long as you can. When you are not in that situation quit at the first opportunity. That’s really all there is to say. Bankroll management as far as having enough money – that’s different. But money management – no.