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Introduction

 

 

The Hit and Run Follies

It took me sometimes to know how clever they are. I am talking about the hit and run follies. How prudent, how poker intelligence, how sensible and so excellently disciplined are these players! They need to be identified. They prefer to go for huge amount of money and then have a win for the entire day. No way to do that if they play on, risking a big downswing. Have you seen the light and joined this knowing crowd? If you do you actually maximize the percentage of winning sessions significantly. As I have noticed how these players play, I can provide you with a simple rule of thumb to assist you in hit and run approach. You should always leave the session when you are ahead by nine big bets. Also when you are losing you should obviously leave the game. But again repeating always leave when you are nine big bets ahead for the day. By using method, a loose player I know has won in 31 of his 40 sessions - a good play for a bad player.

It took me some little time to understand how smart the hit and run players are: Not very. The bad players I know find it peculiar that his collective results show that he has continued to lose money over those 40 sessions. Maybe I can indicate to him that he would win even more frequent if he leaves whenever he had won five bets. He unnecessarily continued to lose. But that is not the maximum setting for this system. He can actually increase his poker winning percentage by always quitting the second he got one chip ahead. Are you starting to figure the folly in all of this?

The essential thing the loose player does not understand is that his method of "stop wins" can do nothing to improve his hourly rate. With you and with all your players his hourly rate, multiplied by hours played, is all that all required. It will alone calculate how much he wins or loses over any number of hours played.


It is the folly's duty to think you can improve your long run results by one little speck through any kind of stop win, hitting and running, locking up a win, or whatever you worth to call it. It is the folly to think that you are helping your results by quitting two hours previous than you need to in a session only because you are ahead by some huge amount of money.

There are many others to point out about stop wins. If you have done reading, then you have heard this, and seen identical analysis of "money management" ideas from other writers. But even now I see players using the hit and run approach, setting "stop wins" for themselves, or just by quitting whenever they have put together a greatest win. I also find players on poker discussion sites on the Internet continue to adapt the benefits of locking up a win of a certain size. I hope to give some poker players to think through the logic of the issue more precisely.


Working with your Hourly Rate and Not with your Percentage of Wins

Let's take an example. Suppose there are three winning players of different skill levels. We will call their skills "fair," "good" and "very good." You will certainly agree with this, on average, after a large number of hours played each of these players will have made a different amount of money.

For each that amount will be a performance of his individual skill level. Suppose they have been playing $20-$40 hold'em game for 1000 hours. The fair players will have made $10000, the good player with $25000 and the very good player with $40000. As their results occurred over time, each player made a specific amount of money per hour. Hence it is easy to see that the fair player made $10 per hour, the good player with $25 per hour and very good player with $40 per hour. Those are their hourly rates. To put other way, their skill levels are displayed by their hourly rates. Every player plays at a skill level that gives a particular hourly rate. Accordingly, every player's hourly rate will be calculated of how much he makes over time.

As the fair player was playing at the skill level sufficient to generate $10 per hour, he made $10000 over $1000 hours. (This example is just theoretical and the element of chance reveals that he would not have exactly $10000 dollars. All the same he would have made fairly more or less. But the result would be in between the range around $10000 mark. On the contrary the large number of hands is not an especially large number of hours. A large number would create a result which more clearly reflects his skill level. I mentioned 1000 hours only to make my point clear.) Without increasing his skill, (which not only includes the element of Play Poker but also his ability to stay off tilt, his skill at game selection, his skill to avoid riskier sessions, and many other factors), there was nothing he could have done to make more money over those thousand hours. This is because he played at the skill level adequate to generate exactly $10 per hour; his total profit over a large number of hours would unavoidably be suitable with those hourly rates.

If you want to make more at poker table in the next year you should certainly improve your hourly rate or put in more hours at your current rate. But stop wins, no matter how you may use them, are not going to help. They will not hurt either - at least not over a given number of hours. What you make over a given number of hours will be determined by what you are capable to make per hour, your hourly rate. It is ascertained by your skill, which sticks same whether you hit and run or not. Remember that using stop wins will minimize the amount you make at the time of any extended period. It is because habitually stopping before you would otherwise means you play less total hours. Some hours of winning play usually means less money made.

To be precise, I will state that there are situations when quitting with a small win can make sense. If the win will break a losing streak, for instance, its poker and emotion benefits for you may offset other considerations. (Likewise while the conception of the stop loss [when game conditions are suitable and you are still able to play well] is deceptive as well, you may also choose to wait until you lose a pot or two before you quit an average game that you actually don't want to play in but where you happen to be betting fortunate, and hence have a compulsion factor working for you.) My object is not to eliminate this or likewise exceptions, but instead to contribute to the debunking of any fact that a money management conception such as the stop win can really improve your results over a specific number of hours.

Continue Here: Hour You Play And A Deceptive Winner

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