Quiting While You Are Ahead

[gizmotron]

No matter what bet selection method that you use there will be times when you do better than breaking even and worse than breaking even. Quiting while you are ahead is a conscious action taken by the player. Doing so does not have to balance with times that you quite while you are behind.

So with a mathematical set of predefined percentages you can always quite while you are ahead, for all the times that you are ahead that is.

You take a percentage of your gains by halving them. You can't risk more than half your gains. You must quite with the other half. So any time you must quite because of the rule you will always be in a gain position.

So that leaves what to do about loss percentages of your session bankroll. So by using math you come up with figures for your average quite while ahead amount. Say that percentage is 20% of your session bankroll amount. So you set a session rule that you quite with at least 10% of your session bankroll. So you quite when any session reaches 10% down.

All that is left to do is win more times than when you must quite for loss limit caused endings. You are not forced to begin sessions that are already in a state of losing. The smart player begins betting sessions that are already in a strong state of winning. A constantly changing bet selection process combined with a competent searching tactic is essential to having more wins than losses. You can't read the current state without informative data to consider.

The current state has many features to it. One feature is it's longevity to temporarily stabilize. Another is it's capacity to reoccur in smaller stabilized forms. Only a trained person can use information that tends to support the identification of the current state. It is far better to use a strategy than to use nothing. If the strategy uses current state then it's possible to avoid drastic trouble. If the strategy uses nothing then drastic trouble must be experienced.

Some people like to reject common sense. They like to show up on forums and disrupt open discussion of ideas that they think are foolish. They always say things like independent trials trump all common sense arguments. They believe they have the right and the public duty to protect others from these discussions.

So if you wish to discuss this you must also ignore their disruptive interference in order to carry on. That's a common sense strategy too.

[moles40]

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[Noble Savage]

I couldn't be arsed reading all that. The title is enough.

It doesn't matter when you quit, what matters is that you have the edge and can win more than you lose even if you experience some drawdowns every now and then and find yourself forced to quit a session with some loss or break even. The important thing is that you find your edge and you capitalize on it, ride out the fluctuations and let your capital compound and grow.

[Spike!]

Quitting while ahead or quitting when you reach your goal, you must have an exit strategy or you're just another dope in a casino. I actually hear so called experienced players say, don't quit when you're ahead, quit when your winning streak is over. Thats greed talking, not common sense. You're there to win money, not win as much money as you can. If you ask your average dumbass player what his goal is, he won't have one. If you press him on it, he'll tell you its to win as much as he can. When you ask them how they know when they've arrived at this mysterious destination, they have no idea what to say. Clueless.

[Spike!]

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