Raise or Fold:  A Year of Risky Business

Writing and playing poker as if they were activities worth doing well.

Monday, February 9, 2009

Book A Win

Since successful poker is so clearly a product of one's mental attitude, "running bad" ~ those long, soul-killing stretches of bad luck that frequently turn into bad play to compound matters ~ can become a self-fulfilling prophecy of failure.

Despite one's intellectual knowledge that the cards have no memory, randomness prevails, and each session is a new day, it can be well-nigh impossible to avoid the anticipation of impending doom and destruction. When it's been going really, really badly for a long time, sometimes you just need to win.

You know you're not supposed to "quit while you're ahead," especially if ~ rationally speaking ~ the circumstances seem ripe for continued success. You're supposed to stay and keep racking up the mobneys.

Well, now you have permission from none other than the Noted Poker Authority, Ed Miller, to take the money and run when you need to:

"Go ahead and book a win. I know a lot of people think booking wins and setting stop losses is hogwash. But playing top poker (particularly no-limit) requires confidence in yourself and your decision-making. And if you lose seven days straight, your confidence is likely going to be in the can no matter who you are. So if you start a session and you’re up a few buyins after bit, wrap it up. Book the win. And pat yourself on the back. You’ll be more confident during your next session."

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Blogger Wolynski said...

Great blog - I really enjoy reading it.

2/11/09 1:14 PM  
Blogger Paul said...

Haha, Ed says leave when you have won a few buy-ins...that's what I customarily do when I am winning. I've had such soul obliterating downswings that I once considered leaving $20 to the good in my usual $2-5 game...prolly just one of the reasons his poker authority in noted whilst mine remains noteless.

2/13/09 5:50 AM  

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