Stop loss/stop win

ditpoker

With regards to bankroll management and cash games at what point do people stop playing in a session. in one of the posts on 2+2 PLO a high stakes player talked about his lack of discipline and adhering to his stop-loss limit.

At what point should you stop playing? after dropping 2-3 buy-ins? do you chase losses? when do you move down levels?

alternatively, do you have a point where you stop playing if you're winning. i.e. you double up and leave a table to lock in profit?

do you stop playing soon when losing, play alot when winning?



Mods, this could have gone in either theory section so figured here was the best place. sorry, move if appropriate.

pok3rplaya

Do whatever works for you.

El Stuntman

I stop playing when all of the monies are gone

Flushdraw

When you lose 2 buyins, open up roulette and stick another 2 buyins on black (along with the customary $5 on 20 and 22). You either break even (unless 20 or 22 hit, which means you win $180 once every 18 times :-)) or lose 4 buyins, which is what you would have done on tilt anyway...This just saves you an hour..

I really should write a book :pac:

ditpoker

Flushdraw wrote: »

When you lose 2 buyins, open up roulette and stick another 2 buyins on black (along with the customary $5 on 20 and 22). You either break even (unless 20 or 22 hit, which means you win $180 once every 18 times :-)) or lose 4 buyins, which is what you would have done on tilt anyway...This just saves you an hour..

I really should write a book :pac:

"Bringing Down the Internet" by Tony Baitson, how one man 20 tabled online roulette and bankrupted Ladbrokes... no one complained.

Flushdraw

ditpoker wrote: »

"Bringing Down the Internet" by Tony Baitson, how one man 20 tabled online roulette and bankrupted Ladbrokes... no one complained.

I have a book coming out too on live games...Heres a preview..this chapter is called 'The 3 must follow rules of table games'

3 Card Poker

You must squeeze your cards…If the first 2 are the same, you must not look at the third card..just place under your chips and rub your hands, pronouncing ‘one time’

If you get dealt a bag of bollix, fling your cards at the dealers hand and try to cut the tips of his fingers off ala ninja style.

Never decrease the amount of your ‘pair plus’ bet. This will infuriate the poker gods and you will no doubt win that time…which despite the win, will tilt you no end

Blackjack

Always bet in an even number of boxes..If theres 2 others playing 1 box, you must open a 2nd box for yourself

If a player sticks on 16 with the dealer showing an ace, look at him and give him the ‘wtf you idiot’ stare. Say card please, followed by ffs when you receive a 5 to go along with your 10…again stare at the wtf guy

When you stand on 18 and the dealer shows a 3..watch as he turns a 10….but you must NEVER think ‘please be a 10’ because this never happens…we all know next card will be a 7 or an 8

Roulette

Always play at the pretty ladys wheel…and make a compulsory bet of €1 on 33..so even when you lose, she has to reach to the furthest part of the table and hang her boobs out for the lads

Never watch the ball bounce around the wheel…if you have 20 and 22 backed, and the ball bounces in and out of both and lands in 17, u’ll be thinking ffs this wheel is fckin rigged…but if it bounces around other numbers and then into yours, u’ll never say ‘wow aren’t I lucky’…lose lose tilt situation watching the wheel

Let the wheel decide your fate…..think ‘if its red, that croupier fancies me and I’m going to ask her out’…..wheel spins..BLACK 17….ok so give it one more try…BLACK again number 2…fck…ok last chance…BLACK again number 35..get your coat….just as you get to the door..pause, from the distance you hear...and BLACK again 22….b1tch

dbs_sailor

Lately I've been trying to discipline myself when winning!! It's such a big thing...

I've such a tendancy to inadvertantly adopt the "ah sure I've got the cash to chase", mentality after catching a monster and winning a buyin let's say.

Right now, if I'm up a buyin early on, I'll give it 20/30 courtesy minutes and hop off just because I play like an idiot when I'm winning.

Losing a lot harder... Especially if you drop a buyin to an idiot or something...

Then again, I play like an idiot either way, so...

cardshark202

Just stop whenever you feel like the amount you are winning/losing is affecting your play

Van Dice

In theory you shouldn't stop playing unless the game becomes tougher than you can find elsewhere. In reality, losing a few buyins affects everyone's play far more than they'd like to admit, and a stop-loss is a good idea

shoutman

I find what works the best is just stop as soon as you think you are not playing your 'a' game. Be it due to tiredness, or to tilt.

I think anyone who says you should stop when you win or lose x amount is just being silly.
You could be up 3 buyins with a table of donks who are trynig to give away money, you should oblige and take it all. If they suck out on you fair enough but that will always happen in the minority of times.

The exact same if you are down in a session, if you think you are better then the players at the table and still feel confident about how you are playing hands then dont stop!

ditpoker

shoutman wrote: »

I find what works the best is just stop as soon as you think you are not playing your 'a' game. Be it due to tiredness, or to tilt.

I think anyone who says you should stop when you win or lose x amount is just being silly.
You could be up 3 buyins with a table of donks who are trynig to give away money, you should oblige and take it all. If they suck out on you fair enough but that will always happen in the minority of times.

The exact same if you are down in a session, if you think you are better then the players at the table and still feel confident about how you are playing hands then dont stop!

but surely having a fairly strict policy of "if im up up 3 buy ins or down 2 buy ins i will stop for at least 1 hour" is not a bad system. sometimes you will lose out on value at a table full of idiots but u will also limit tilt costs?!

ridonkulous

I always have 3-4 buyins in my wallet when i sit down at a table. If i get sucked out on or a really bad beat or even just a tough call that goes against me I generally rebuy, but if ive just donked my chips off i TRY and leave.

I never leave when im winning. If your winning and you leave because thoughts of "one unlucky hand and i could lose my winnings" comes into your head then in my opinion you shouldnt be at the table. when i play cash games i look at it like a tourney in that by the end of the night i want all the chips in front of me, it hasnt happened yet but im still hopeful

HoLLLLLaments

Depends on how i feel, no set rule. Sometimes i can lose 15 bis over a few hours and still think im very profitable in the game and other times i can lose 1 and just quit or even be up some and leave. Really depends how i feel mentally and physically also. Can grind 10 tables all day sometimes and breakeven and feel fine. other days can play 100 hands and win a BI but feel sick/pissed off and quit. I also really try and not let my ego get in the way especially when playing HU as this can cost a lot of $$$. I used to be really bad at it and then since before xmas was really good but seem to be slipping back into it now. Gonna put post its on my monitor or something.

dvdfan

I think the theory of stop loss sounds good but shoutman has a good point if theres someone spewing chips its hard to leave but then again theres always someone spewing chips on ipoker so its not as if they wont be someone to take their place next time you login.

Again id love to be able to recognise im tilting/not playing my A game to be able to leave but at least for me i find when i am tilting i somehow convince myself im not and am im in denial and i think it takes incredible discipline to recognise this and stop at the time.

I used to think i had mild tilt and it wasnt a big problem like making a loose call, not going through thought processes enough and making bad decisions, bluffing and chasing more etc but i think once you stop playing your A game your really tilting, i always presumed tilting was when id lose the head start screaming at the screen and call all in with BP or A high and start pushing all in PF every 2 or 3 hands but i think this is extreme and very easy to recognise at the time and possibly stop but the silent/mild tilt is IMO just as dangerous and harder to control or recognise at the time.

Giving that were substancially more likely to suffer from mild/silent tilt when weve lost 2-3 buyins than if were breakeven or winning then i think it makes sense to stop when you hit that magic number especially if youve trouble recognising when your tilting. I find i have such a strong urge to recover my losses and get a buyin or 2 back before i call it quits so again i think it would take alot of discipline. Ive had too many 7+ downswing sessions though that it does make sense.

One thing i find though is if your pushing yourself to play x amount of hands a session or week/month then this is going to be a very hard system to implement. Rakeraces and stuff like that are counter productive IMO as ive found myself playing when im tired, bored, tilting ect so id make the 1.5k hands that day to keep myself in with a chance of moving up the table in the rakerace, its much easier when you dont have a target and just play when you feel good and allows you to comfortably stop playing when you know you should without feeling bad about it.

For some reason when i have a pretty good session i lose interest and stop playing alot and im more likely to put in a longer session when im breaking even or losing but i dont see why you would want to stop playing when your up a couple of buyins as your previous luck/quality of hands has no bearing on the next cards you get so its not a case of ive got so many good cards in the last hour that im bound to get a run of bad cards now, it dosent work like that so i dont see why you would stop just because your up a few buyins unless you play bad when your winning possibly due to boredom or becoming overly aggressive when youve a big stack.

Glowingmind

In live cash games, if i hit a €600 loss i'll get up and leave. If i'm going into town specifically to play poker i'll usually leave my credit card and laser card at home and just have a set amount of cash for the night.
Online, i rarely have more than a few buyins available, but would generally stop after losing 3.

In terms of stopping when winning. I usually have a set time instead of an amount, to stop playing or leave. If i'm happy with how i'm playing and there's a big fish, then i'll extend it. Usually, in live cash games i just stop when i feel myself getting tired.

How i feel physically is pretty important to the limits i place on myself.

30something

I quit as soon as the matchsticks holding my eyelids open snap.

ditpoker

30something wrote: »

I quit as soon as the matchsticks holding my eyelids open snap.

move up levels... buy better matchsticks!

Pabloh

shoutman wrote: »

I find what works the best is just stop as soon as you think you are not playing your 'a' game. Be it due to tiredness, or to tilt.

I think anyone who says you should stop when you win or lose x amount is just being silly.
You could be up 3 buyins with a table of donks who are trynig to give away money, you should oblige and take it all. If they suck out on you fair enough but that will always happen in the minority of times.

The exact same if you are down in a session, if you think you are better then the players at the table and still feel confident about how you are playing hands then dont stop!

+1

RoadSweeper

I normally loose 4 buyins warming up.

Marq

RoadSweeper wrote: »

I normally loose 4 buyins warming up.

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