At www.gamblingwithanedge.com , in the comments section for a recent blog post of mine, a poker player said he had two stop limits–one for being ahead and on for being behind. (It’s possible he uses the same amount for each. He didn’t say.) He wanted to know if winning video poker players use this system as well.
In all gambling, money management is important. One of the key elements is being able to stay in the game. If you go broke, you’re out of the action.
Continue reading When Do You Quit?