Quote Originally Posted by Three View Post
Hold is the biggest BS stat there is. All hold says is how likely your customers are to walk away before they lose all their chips. If your customers buy in for a lot more than they are willing to lose your hold is small. If your customers intend on playing until their entire buy-in is gone your hold is high. Some will walk away fast if they get ahead. Others are never satisfied with their win and will lose it all back no matter how far ahead until they have no chips or money left almost every time. Hold is about what types of decisions your customers make. It varies depending on what mixture plays at your casino. Whenever has one of the biggest holds in the country because their customers are old people that come to lose a set amount of money and then leave. They usually do just that and it is their entire buy-in. There are not many that don't use this as their gambling strategy whether they know it or not.

I play with people that get ahead a ridiculous amount fast. When the count gets good I remind them the only way to be a winner is to have the discipline to walk away while they are ahead. Most can't do that and once they have lost a little bit of their profit back they are not satisfied until they get back to that peak profit. And hour later the guy that bought in for $200 and ran it to $7K is now $2K ahead and wants that $7K profit back. He apparently won't leave until that happens. A half hour later he is down $2K and doesn't want to get back to even. He won't stop until he is $7K ahead. Eventually he depletes his resources to nothing and leaves less whatever he had with him plus all his ATM withdraws. Others never get ahead $7K because if they get up $1K they are gone if they didn't leave with their profit before that. All hold does is indicate what type of clientele you have. The same profit may have a very high hold or a very small hold. Why would you view one as better than the other when your profit is the same. A low hold would indicate customers that are more likely to think returning is a good idea.

I always thought it doesnt matter when you quit. Your lifetime of playing is just one big session. Your edge doesnt increase or decrease based on stop points. Myself personal I like to quit when im up a decent amount. So my losing sessions i usually play much longer and lose more than my smaller winning sessions.