Hold’em with Holloway, Vol. 13: Knowing When to Call It Quits

Chad Holloway
PR & Media Manager
5 min read
Hold'em with Holloway

“I quit. I’m done playing poker.”

I’ve told myself that several dozen times over the years, undoubtedly after I busted a big tournament or lost too much in a cash game. I may be heated with a boiling rage, but I always mean it when I say it. However, it’s inevitable that, after a day or two, the itch will return. I’ll vow to improve my game, motivate myself, and get back on the horse. It’s a predictable cycle, and eventually I had to accept a hard truth — I’ll never quit poker.

The fact of the matter is poker is too ingrained in my life. It’s my job, my hobby, and despite how much I hate it at times, my passion. I’ll never quit altogether, but that doesn’t mean I shouldn’t quit certain things. For instance, I need to quit a game when I’m not playing my best, to quit making bad decisions, and to quit being my own worst enemy. For far too long I’ve ignored that voice deep down inside that says such things as “walk away” and “don’t do this.”

I think the main reason I’ve failed to heed that voice is because I often fail to look at poker in the long term. Instead, whenever I play I’m focused on that game, that single moment in time, with no thought of the future. Thinking that way serves me well on occasion, but oftentimes it leads me down the road of bad decisions (e.g., playing badly, digging myself a hole, throwing bankroll management out the window). I just don’t want to quit. I have the insatiable need to be in action.

For instance, this past weekend I traveled to the Twin Cities for the Season 5 finale of the Mid-States Poker Tour (MSPT) at Canterbury Park, the first cardroom I ever visited. I hadn’t played tournament poker for months, and I was very much looking forward to getting back in the swing of things. I sold some action and went into the tournament prepared to fire two bullets into the $1,100 buy-in Main Event, which ultimately attracted 432 entries and was won by Peixin Liu for $106,483.

The plan was to play Day 1a on Friday, and ideally advance so that I’d save a bullet and have Saturday off. If I failed, then I planned to fire my second bullet on Day 1b. Unfortunately things didn’t go down that way. I lost about 15% of my starting stack on the second hand of the day, and over the next six levels I slowly bled out. I was card dead and my stack dwindled as the blinds increased. It was both frustrating and unsatisfying.

Eventually I busted when I shoved with A3 only to run into KxKx. No ace appeared and I went out with a whimper. Now the smart thing would have been to call it a night and return the following day to try again, just like I’d planned. Instead, I once again ignored that voice of reason. I still wanted to play, and I figured my bad cards couldn’t possibly last. Late registration was still open, so I decided to fire my second bullet on Day 1a.

In Level 9 (400/800/100), Mark Sandness, who won the opening event of the MSPT Season 5, opened with a raise to 1,700 from middle position and Aaron Johnson called. I came along from the hijack with KJ, Bill Criego called from the button, and the big blind put in 900 more to make it five-way action to the K102 flop.

Two checks saw Johnson bet 3,700, and I moved all in for 14,000 total with my top pair and flush draw. I loved the spot, but I didn’t like it so much when Criego moved all in over the top. Everyone else folded and Criego tabled K10 for two pair.

I was behind, but according to the PokerNews Odds Calculator I had a 45.76% chance of either hitting my flush or a bigger two pair. The A turn didn’t hit me directly, but it did give me an added straight draw and counterfeit options. I still had a 38.64% chance of winning the large pot, but alas it did not come to pass as the 3 blanked on the river.

Hold’em with Holloway, Vol. 13: Knowing When to Call It Quits 101
Playing MSPT Canterbury Park.

I was pissed. Not necessarily because I lost — I don’t see me playing that hand any differently (at least after the flop) — but rather because I once again served as my own worst enemy by tossing my well-laid plan out the window. I made a mistake by slashing my own tire, and now I had the urge to slash the rest. The poker player in me — and part of that is to say my ego — wanted to come back the next day and fire a third bullet, which was technically an option as I had the money in my pocket.

The urge was strong, but that voice in my head said there were too many reasons against trying again. First, I went in budgeted to fire two bullets, so going over that would be bad bankroll management. Just because I slashed one tire is no excuse to slash the rest. It just doesn’t make sense. Second, I know me, and I was 100% positive that if I returned on Day 1b and failed on what would be my third bullet, I would be so angry I would think, “Well, I’m in this far,” and then proceed to fire a fourth bullet, which is something I definitely did not want to do. As I’m sure you can tell, sometimes I struggle with self-control.

Finally, I had to consider those who were kind enough to buy a piece of my action. They had invested in two bullets — for which I was incredibly grateful — so how would it look if I fired a third on my own dime and then shipped the thing for over $100K? That’d have been great for my bank account, but in my opinion a bad thing for my reputation, which in the poker world is everything. Sure, I probably could have sold more action, but that didn’t seem reasonable after losing two bullets in quick succession.

I didn’t want to quit. In fact every part of me wanted to try again and battle for poker glory. But I knew that if I was going to improve in the long run, then I needed to start listening to that voice of reason. I packed my things, said goodbye to my friends, and decided to make the four-hour drive back home, which to me was the only definitive way to remove temptation.

As I sweated the PokerNews live updates from the event, I couldn’t help but wonder what could have been. It was torturous not being there, but I knew calling it quits for that particular tournament was the right thing to do. Poker is a marathon, but I’m a sprinter. If I ever hope to succeed, then I need to know when to run.

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Chad Holloway
PR & Media Manager

PR & Media Manager for PokerNews, host of both the PokerNews Podcast & MPST Podcast Presented By PokerNews, and 2013 WSOP Bracelet Winner.

In this Series

1 Hold’em with Holloway, Vol. 1: Making Reads and Trusting Them2 Hold’em with Holloway, Vol. 2: Playing in Poker Charity Events3 Hold’em with Holloway, Vol. 3: Throttle Back Before You End Up Punting4 Hold’em with Holloway, Vol. 4: Punish the Satellite Bubble5 Hold’em with Holloway, Vol. 5: What is Proper Accumulator Strategy?6 Hold’em with Holloway, Vol. 6: A Chip and a Chair Story with “SirWatts”7 Hold’em with Holloway, Vol. 7: 15 Things About Poker I Wish I’d Known Sooner8 Hold’em with Holloway, Vol. 8: Examining the Largest Overlay in Poker History9 Hold’em with Holloway, Vol. 9: Differences Between Rebuys and Reentries10 Hold’em with Holloway, Vol. 10: Five Must-Read Poker Books of 201411 Hold’em with Holloway, Vol. 11: When Will You Finally Break Through?12 Hold’em with Holloway, Vol. 12: Dealing with a Target on Your Back13 Hold’em with Holloway, Vol. 13: Knowing When to Call It Quits14 Hold’em with Holloway, Vol. 14: Embarking on a Year-Long Weight Loss Journey15 Hold’em with Holloway, Vol. 15: Navigating Multiple Decision Points in a Poker Hand16 Hold’em with Holloway, Vol. 16: Chris Moorman Tells Me How Badly I Play Poker17 Hold’em with Holloway, Vol. 17: Richard “nutsinho” Lyndaker on Getting It in Marginal18 Hold’em with Holloway, Vol. 18: Getting Inside the Head of Poker Pro Brian Rast19 Hold’em with Holloway, Vol. 19: Stupid Calls & Lucky Draws in MSPT WI Championship20 Hold’em with Holloway, Vol. 20: Talking Ante-Only Strategy with Greg “FossilMan” Raymer21 Hold’em with Holloway, Vol. 21: Contributing to Jonathan Little’s New Book22 Hold’em with Holloway, Vol. 22: Consequences of Acting Out of Turn & Tossing in Chips23 Hold’em with Holloway, Vol. 23: When It Comes to Chops, Do What’s In Your Best Interest24 Hold’em with Holloway, Vol. 24: Accepting Bad Beats & Lessons in Selling Action25 Hold’em with Holloway, Vol. 25: Heinz’ Ace-High Call Shows Why He's a World Champ26 Hold’em with Holloway, Vol. 26: Is Keeping the Short Stack Alive Collusion?27 Hold’em with Holloway, Vol. 27: Great Laydown or Bad Fold on Poker Night in America?28 Hold’em with Holloway, Vol. 28: Calling Hellmuth with Jack-Deuce Offsuit29 Hold’em with Holloway, Vol. 29: The Philosophy of "No-Chop" Chad30 Hold’em with Holloway, Vol. 30: Preparing to Play the World Series of Poker31 Hold’em with Holloway, Vol. 31: Staying on Your Grind at the World Series of Poker32 Hold’em with Holloway, Vol. 32: The Perilous Decision to Call Off with Ace-Queen33 Hold’em with Holloway, Vol. 33: Using Poker Skills in Reality TV Competitions34 Hold’em with Holloway, Vol. 34: Esfandiari Explains How to Recover from Bad Beats35 Hold’em with Holloway, Vol. 35: Tilly vs. Brunson in Super High Roller Cash Game Hand36 Hold’em with Holloway, Vol 36: Unconventional Play Leads to Good WSOP Main Event Start37 Hold’em with Holloway, Vol. 37: Lessons in Pot-Limit Omaha Hi-Low w/ Evan Jarvis38 Hold’em with Holloway, Vol. 38: Things to Say and Do When You Bust a Poker Tournament39 Hold’em with Holloway, Vol. 39: How Much Did I Have to Raise to Get You to Fold?40 Hold’em with Holloway, Vol. 40: Practicing Patience in My Deep PPC Poker Tour Run41 Hold’em with Holloway, Vol. 41: Analyzing a Questionable SHRPO Main Event Hand42 Hold’em with Holloway, Vol. 42: Analyzing the Play of Neymar Jr. at EPT Barcelona43 Hold’em with Holloway, Vol. 43: The Value of a Reliable Poker Reputation44 Hold’em with Holloway, Vol. 44: John “KasinoKrime” Beauprez Rips My PLO Game Apart45 Hold’em with Holloway, Vol. 45: Satellite Dilemmas -- To Call or Not to Call46 Hold’em with Holloway, Vol. 46: Seiver Leverages the River in Super High Roller Bowl47 Hold’em with Holloway, Vol. 47: What Untraditional Moves in Poker Might Mean48 Hold’em with Holloway, Vol. 48: Thinking About the Future with Sam Grizzle49 Hold’em with Holloway, Vol. 49: WCOOP Champ “Coenaldinho7” Offers Up His Biggest Hands50 Hold’em with Holloway, Vol. 50: The Peril of Shoving Weak Aces51 Hold’em with Holloway, Vol. 51: The Importance of Not Giving Up in Poker Tournaments52 Hold’em with Holloway, Vol. 52: Does Asking “Check” Actually Constitute a Check?53 Hold’em with Holloway, Vol. 53: Thomas Cannuli Impresses Even After Main Event Bustout54 Hold’em with Holloway, Vol. 54: Dealers Aren’t Always Right55 Hold’em with Holloway, Vol. 55: Don’t Get Married to Pocket Aces56 Hold’em with Holloway, Vol. 56: Bazeley’s Survival Instinct Leads to Continued Success57 Hold’em with Holloway, Vol. 57: Playing “Deuces Wild” on the European Poker Tour58 Hold’em with Holloway, Vol. 58: The Wildest Hand in European Poker Tour History59 Hold’em with Holloway, Vol. 59: Death, Zombies & Spending Time w/Phil Hellmuth60 Hold’em with Holloway, Vol. 60: How the Unstoppable Fedor Holz Managed to Win Again61 Hold’em with Holloway, Vol. 61: Lessons To Be Learned When You Hit the Big Stage62 Hold’em with Holloway, Vol. 62: Steve O’Dwyer Explains the “Oreo Cookie Tell”63 Hold’em with Holloway, Vol. 63: What Would Happen to a Chip Stack If a November Niner Died?64 Hold’em with Holloway, Vol. 64: Forgetting One Chip -- Should It Still Be an All-In Bet?65 Hold’em with Holloway, Vol. 65: Todd “sharkslayerrr” Breyfogle on Bankroll Management66 Hold’em with Holloway, Vol. 66: Cash Game Pro Daniel Arfin Offers Sound Bankroll Advice67 Hold’em with Holloway, Vol. 67: Honeyman Plays Kings to Keep in Opponent’s Bluff Range68 Hold’em with Holloway, Vol. 68: Why Do I Even Bother Drinking at the Poker Table?69 Hold’em with Holloway, Vol. 69: Is Your Favorite Poker Pro Left- or Right-Handed?70 Hold’em with Holloway, Vol. 70: In Order to Live You Have to Be Willing to Die71 Hold’em with Holloway, Vol. 71: How to Amass a Big Stack Early in a Poker Tournament72 Hold’em with Holloway, Vol. 72: Answering User-Submitted Poker Scenarios73 Hold’em with Holloway, Vol. 73: Saying Goodbye with a Top Five List74 Hold'em with Holloway, Vol. 74: We're Back, Baby!75 Hold'em with Holloway, Vol. 75: Jivkov on Exploiting Capped Ranges76 Hold’em with Holloway, Vol. 76: Matt Bretzfield Gets Tricky With Aces77 Hold'em with Holloway, Vol. 77: Joseph Cheong Gets Crazy with a Pair of Ladies78 Hold'em with Holloway, Vol. 78: Wyoming Poker Action & Wild South Dakota Hand79 Hold'em with Holloway, Vol. 79: Calling Controversy at WinStar80 Hold'em with Holloway, Vol. 80: Going for Value with Matt Hunt81 Hold'em with Holloway, Vol. 81: Bracelet Winner Ryan Leng on Bad Call82 Hold'em with Holloway, Vol. 82: Romeopro33 Recounts XL Eclipse Victory83 Hold'em with Holloway, Vol. 83: Men The Master Doesn't Get Paid84 Hold'em with Holloway, Vol. 84: Harman Hits Back-to-Back Miracle Turns85 Hold'em with Holloway, Vol. 85: Jamie Kerstetter on Dealing with Bounties86 Hold'em with Holloway, Vol. 86: Matt Stout Develops a Limp Dynamic87 Hold'em with Holloway, Vol. 87: Matt Alexander Caught in Between w/ Two Red Aces88 Hold'em with Holloway, Vol. 88: John Beauprez on Why He Folded a Set of Jacks89 Hold'em with Holloway, Vol. 89: Alex Aqel Lets Opponent Hang Himself with Aces90 Hold'em with Holloway, Vol. 90: David Peters Makes Beastly Call Against Will Givens91 Hold'em with Holloway, Vol. 91: Poker Lessons from a Game of Risk92 Hold'em with Holloway, Vol. 92: My Upstuck Diagnosis by the CLC Squad93 Hold'em with Holloway, Vol. 93: Alex Foxen Coolers Nick Petrangelo in SHRB94 Hold'em with Holloway, Vol. 94: My $25,000 PSPC Experience at 2019 PCA95 Hold'em with Holloway, Vol. 95: The Equity of Leveraging Time Extensions96 Hold'em with Holloway, Vol. 96: Dan O'Brien on Developing Healthy Routines97 Hold'em with Holloway, Vol. 97: Big Hands From the WSOP-C Potawatomi98 Hold'em with Holloway, Vol. 98: Simon Deadman Rips Apart My NLH Tourney Play99 Hold'em with Holloway, Vol. 99: Shoving 10-6 Smack Dab Into Pocket Aces100 Hold'em with Holloway, Vol. 100: The Revived Re-Entries Debate

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