Quote:
Originally Posted by Guy on the End
But if you look at the big picture you never stop playing, you just change tables. If you're at a juicy table today and you leave for a lesser table tomorrow, you're really just opting for poor table selection.
I understand mitigating risk but is variance really so high that you bust 20% of the time you're deep at a juicy table?
In a word, Yes.
How often does AA beat 72o?
How often does 8
8
beat K
Q
on a 8
J
T
board???
I hear what you are saying, its all one long game right?
Not quite. In terms of our play, yes.
In terms of actually building our bankroll.... No.
Trust me, cashing out when you've got 10% - 20% of your roll on the table is a must when you are building your roll. Seriously, look at that table I generated. Is it really so bad growing your Bankroll in 10% and 20% chunks???
Truth be told, it is RARE for us to be 80%+ ahead in a hand. Usually, we will have 60% - 70% equity in most favorable situations. How many 70% flips can you win before you lose one? How many times are you going to risk 20% of your total bankroll???
Or put another way, what is the point of being a winning player if you can't get your money to the cage.
Lets say there are one of two mistakes you could make:
#1) You cash out too early
#2) You cash out too late
if you have to error, error on the side of cashing out too early. Becuase when you cash out too early, you leave with money in your pocket. But when you cash out too late, you leave with Sklansky bucks in your pocket.
And as much as I love Sklansky bucks, you can't spend it at the mall.
Quote:
Originally Posted by FoldingLaundry
Here's a question, If we are practicing the 10-20% rule of thumb but are playing well is there anything wrong with pocketing our profit then moving on to the next poker room so we only have 1 buy-in on the table if that is an option where we live?
There Absolutely nothing wrong with this and I HIGHLY recommend it because in essence it is starting the next session.
When I'm in building a bankroll mode, I will table change, rathole, put the profits in my pocket, and buy-in to the next table and I will rinse and repeat this all day as long as I'm playing my A-game or B-game... So yeah, if you can somehow pocket the profits in accordance with your casinos rules, then do so. If you have to change poker rooms that is fine as well. Sometimes, I'll take a break, go eat, come back in an hour, and buy back in (most casinos require you to be gone for an hour before you can buy back in for less)
Last edited by dgiharris; 10-12-2013 at 06:52 AM.