vpFREE2 Forums

To Quit Or Not To Quit ?

#1

Howdy

Someone posts they had good luck at the vp and they left the casino when
they were ahead. Then someone on the forum congratulates them and complements
them for "knowing when to quit". Someone else on the site bemoans the fact that
they hit a royal early on and then gave most or all of it back because they
"didn't know when to quit."

The truth of the matter is there is no "right" time to quit in the long run.
Sure its nice to leave the casino with more money then you came in with and
it can be a psychological boost. A temporary fix . But if you think about it,
and I know I am preaching to the choir, the only thing that really matters is
how big or small your bankroll is when you have played your last
game...ever!

So go ahead and pat someone on the shoulder or cry on it...it all comes out
in the wash.

Grumpy

[Non-text portions of this message have been removed]

#2

Actually...

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--- In vpFREE@yahoogroups.com, BANDSTAND54@... wrote:

the only thing that really matters is ...

Grumpy

...having fun.

HAPPY NEW YEAR!

.....bl

#3

long run.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Agree. If you are playing a positive game, there is no optimal
quitting point. Each additional hand means positive EV, so when you
quit you are costing yourself money. Quit because you're tired, or you
have to go somewhere else, or you've become aware of a better
opportunity, or you've run out of cash, etc.

The opposite is also true: If you are playing a negative game, there
is no optimal starting point. Theoretically, you should not make the
first bet.

Actually, in VP there is often a quitting time imposed upon us by the
casino, which usually has something to do with a sudden change in
expected value. Examples of this are: The progressive you are chasing
just got hit, double points day is about to end, you just made enough
points in the month to stay qualified for a certain tier level of
bounceback cash, etc. Note that the amount you are winning or losing
by at the time does not enter into the equation.

I can think of one special case where you might consider using a
quitting point based on wins and losses. If it is right at the very
end of the year, and you are hovering right around break even for the
entire year, you may want to quit until January for income tax
reasons. Otherwise, if you have a heavy loss during the last couple of
days of the year, you can't carry the loss forward for tax purposes,
and you don't have time to get back to positive before the year runs
out.

EE

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--- In vpFREE@yahoogroups.com, BANDSTAND54@... wrote:

The truth of the matter is there is no "right" time to quit in the