Quote:
Originally Posted by David Sklansky
If you are a big winner in a great nlh game to the point that the money in front of you is a higher percentage of your total bankroll than you feel comfortable risking, it is still probably wrong to quit even if everyone has you covered. That's because the formula that would indicate that you are overplaying your bankroll is assuming you are playing "correctly". But if the game is significantly better than the typical game you play in, a better option than quitting would be to play quite a bit tighter on all streets than what maximizes your EV including folding hands or avoiding raising with hands where your edge is obvious but small. If you do this well your EV will still be higher than normal without increasing your standard deviation.
Interesting point. Let's take this to a ridiculous extreme to try to identify the boundaries. Is there a "realistic" game in which it would be correct to have 100% of your bankroll covered? If so, what would be the characteristics of such a game? I say "realistic" because you could always contrive a ridiculous scenario like playing heads up with a player who always folds to a reraise no matter what or something like that.