bowdenta said:
you know all the profit making online players make money from people who get fed up and leave when they are down
that being said, dont get on tilt and give me another 100
I'm going to have to disagree here as I believe you have this backwards despite your qualifying statement, which should have been the main entree of your argument (not the side dish)
Profitable online(and B+M) players make the majority of their money from other player's mistakes. If someone has lost a lot of hands (particularly on bad beats) in a row, he is (90+% of the time) much more likely to make errors during the tail end of that session than he normally would be. From this information, we get the following:
1) If you are getting frustrated and/or fed up with the game, leave immediately as you will likely play your poorest poker from this point on
2)If you see someone taking repeated bad beats, you definately want them to stay, as it's unlikely they will be able to play their best poker after this (like I said, MOST of the time, some players, and they are rare, actually play better after bad beats. This is definately the exception and not the rule).
Basically, profitable online players DO NOT want these "fed up" players to leave. On the contrary, these are easiest players to make a profit from.
bowdenta said:
tip 98237Y: dont leave when when you are down.......
basically come back when you are done steaming and leave the cash games when you are up (never stay in when you have 6 times or more the buy in unless you are patient and good and play well with a big chipstack)
First of all, if you're not "good" then you are playing for recreation and not for profit, and therefore the following discussion does not apply to you.
Again, I don't want to knock you, but I feel like you have your philosophies backwards, and I don't want any aspiring players here to take your advice as gospel and screw themselves out of their money with faulty strategy. It sounds like you've been making some decent money and you've won a few tournaments recently, but I must say that you are erring in your general concepts of how poker should be played long term for a profit. Mike Caro wrote a bit in Super System 2 about this very topic.
To paraphrase Caro: If you are winning a lot at a particular table, this likely means the conditions for making profits are good(at that table), and therefore you should continue playing there until these conditions change(either poor players get up and leave, you are getting tired, players have tightened up, etc.) On the contrary, if you are losing money at a particular table, it is foolish to stay "until I am positive" - because if you are losing, it is likely the conditions are not what you require to make any kind of significant profit. These kinds of players are the ones who "have made a profit the last 20 days in a row" - albeit a 1% profit on their buy in each time, and then on day #21 they do their normal thing - staying until they're up - except they never go up, they continue going down as they get more and more on tilt, and they kill their entire bankroll. Even though you can say "I had a profitable month, I finished in the positive 20 of 21 days", you actually didn't finish in the profit, you lost all (or most) of your money. That's an extreme example, but it illustrates this concept perfectly. More often than not, these "downer days" will happen MUCH more often than 1/21 if you use the "I'm not quitting till I'm up" strategy.
Basically the point Caro is trying to make is the fact that most players get this backwards: They leave when they are up and won't quit when they are down. This is poor technique when it comes to making money playing poker (or most other games for that matter). It's like the guy gambling on football who keeps doubling up until he wins - eventually he's going to get burned out of his whole bankroll. Happens everyday.
On the other hand, I kinda understand players who have had a particularly good day at the tables (this is NL we're talking) cashing out and calling it a day after only a short rush. I feel that you should do what you are comfortable with, so if you don't feel comfortable with a big stack then you should cash out and buy in elsewhere for a smaller amount.
Having said that, if you don't feel comfortable playing with a stack much bigger than your opponents(a HUGE advantage) in a NL hold em ring game, perhaps you should reconsider your long-term profit making prospects and pick a different game (maybe limit hold em?). Getting a dominating chip stack is what 99% of profitable NL players are shooting for when they sit down, not just for the profit, but for the advantages this big stack provides them with. Most pros recommend you buy in for the maximum amount allowed at NL ring games for this very reason, and I believe this is sound advice. If the max buy in is too much for you, then move down in stakes.
I really don't want to come across as attacking you because that's not my aim, I just don't want others looking to make a profit at poker to implement your advice without first hearing my objections to your proposed strategy.
