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The Right Time to Quit

It's an age-old question. When have you made enough money to lock up your winnings for the day, and when is it time to cut your losses and throw in the towel? This extremely prevalent question is generally looked at so illogically by people who are otherwise sensible and logical, yet it has such a simple answer. That's because determining if it's time to quit has nothing to do with whether you're winning or losing! An excellent example can be taken from the highly skillful game of poker.

Suppose you sat down at a casino poker table with a crew of total strangers. After half an hour you realized you were playing with a table full of world class professionals. You were by far the weakest player, but you had made a couple of key hands and were winning. What should you do?

Since you'll almost certainly be beaten senseless if you continue to buck heads with them, you should definitely quit right now! And what if you were already losing? Same answer! Get out of there ASAP before they bleed you dry!

Now let's reverse it and say you've discovered you're playing with a bunch of complete suckers. You're head and shoulders above them all, but you've taken a few tough beats and are getting slaughtered! What should you do now?

Since you outclass the field, the "cream will eventually rise to the top" if you stick with it, so you should stay even though you're losing. And what if you were already winning? You're highly likely to keep right on winning, so again stay put!

Can you see that whether you should quit or keep gambling has nothing to do with how much you're winning or losing? Here are the sole determinants:

A) If you have the edge, you should always keep playing.
B) If you're the underdog, you should never have started, so quit right now!
Since it's impossible to accurately guess how fickle Lady Luck will behave over the upcoming short term, your best estimate is always based upon your odds to win from this point going forward. If you're "stuck like a pig" and feel as though getting even is hopeless, then forget about getting even! Your only question should be, "If I continue to play, am 1 likely to win something starting right now?" If you're still playing right and the game conditions remain okay, your chance to pick up a few bucks starting now are just as good as they will be tomorrow or next week!

On the other hand, if you've been psychologically handicapped by the beats you've taken and can't shake it off, then you'd better pack it in before you do something to beat yourself. Just understand that you will have lost your edge as a result of your own doing and; THAT'S A PERSPECTIVE YOU NEED TO WORK ON!

As for predicting the future, there is no curve to look at when you're winning that will tell you when it's over. There is no "support level" at the bottom that will predict a Online Blackjack Games free-fall. That stuff is all in your head!

Remember, whether you keep on playing or quit and come back in a month, to the cards and the chips it's just the next hand. And all your hands will simply piggyback end to end as if it was one long session anyway.

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Coming from Behind Is More Difficult Than You Think
To see why this is favorable, imagine this hand came up three times. You are supposed to win one time in three, so that one time, you'd win $1,300. On the two losses, you'd lose $300 each time, so you would come out ahead a net $700. That makes this a very easy and favorable pot odds call.

If the pot had contained only $600, you'd be indifferent about making the call: You'd be risking a $300 call to win $600, exactly the 2-1 odds against you making the hand. Again supposing the situation occurred three times, you'd have two $300 losses, and one $600 win. You'd break exactly even. As long as the pot is greater than $b00, you are making a bet you would love to make all day long.
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