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My new video: When to sit out in poker and end your session

My new video: When to sit out in poker and end your session

How much money are you willing to lose before you leave an online poker table? How much risk can you tolerate, before you begin spewing your chips? Winners in poker are made when they take their money and stand up, not when sitting down.

When is the best time to stop playing and quit your session?

This question haunted me when I started playing blackjack at the land-based casinos. No, I wasn’t gambling my money away; I was card counting and had a proven edge over the casino.

At times though, lady luck, also known as variance in professional gambling, was looking after other players, and I was losing a lot of money. Still, that didn’t prevent me from playing. I didn’t return home waiting for the next day to sit back down to the blackjack table. After all, luck and gambling don’t have ‘days’.

For a moment let us assume I did leave the casino, when I lost, say $2,000. When I would get back to the casino and dealer dealt my first hand on the following day, it would still be the very next hand since my last hand of the previous day! The only thing that changed is that I rested, and I was feeling more energetic and concentrated. It would make no difference though to variance.

The same principle applies to online poker. You may stop playing poker one night and resume playing two days later. As far as risk and money management concerns, nothing has changed. It’s like you never stopped! Simply put, if you played a thousand hands on Friday, the first hand on Sunday is your 1001st hand. You shouldn’t change anything as long your strategy is a profitable one of course!

What’s a good reason to quit for the day then?

Tilt. Fatigue. Life. Three good reasons to leave the poker table.

Continue reading my original post at PokerTape.com