Do you use the all-in cash out function?

[blueskies]

Just cost myself by not cashing out. This was my only pre-river all in showdown today.

I raise UTG with TsTh. SB 3bets me. I call. Flop is Tc9c8s. He cbets big. I put him on a big PP and shove. He calls with KcKd.

I have roughly 85% equity, I should have just taken the cash out. But I clicked reject cash out before thinking or I would have remembered that I am actually on a bad run the last few days. Didn't really play many big pots today, so I forgot.

Turn J river Q.

I stopped playing right after. Can't really blame luck on this one. I was just careless. Need to take the cash out until luck turns around.

 

[fundiver199]

Need to take the cash out until luck turns around.

There is no such thing as "luck turns around". Each hand is independent from the last one. If you have plenty of bankroll for the games, you play, the best decision is to never use cash-out and save the 1% fee

 

[blueskies]

Haven't played much the last few days. My only pre-river all in during this time: QQ vs. AT (maniac type). He opened to 3.5 BB I threebet to 15 BB from btn. He called.

995 flop he donk bets pot. I shove he calls.

At this point I have 88% equity. This time I remembered my lesson from the last all in that I screwed up by not taking the cash out. I took it.

Turn is a T, and river an A.

Fist pump.

When luck goes bad for me it really goes bad. The cash out option saved my a$$ again.

 

[Comboss599]

I use it only if i'm sure that i will loose. If there's a small chance that i will win i resume a game.

 

[pauloandre100]

I never do, I don't see the point in it.

 

[Manf1]

I think in a multiple all in is a good option if you are very favorite

 

[blueskies]

Wanna reiterate what a godsend this feature is.

Instead of losing big three times over the past few days during all in suckouts, I cashed out. That's a big difference.

 

[kdmeteor]

There is no such thing as "luck turns around". Each hand is independent from the last one. If you have plenty of bankroll for the games, you play, the best decision is to never use cash-out and save the 1% fee

Yeah, and even more generally, there is no such thing as a good or bad situation to cash out. Cash out is always slightly negative EV, regardless of whether you're a big favorite, break-even, a slight underdog, a big underdog, etc.

I think the only non-obvious consideration is whether it affects various bonuses like jackpots or whatnot, but if so that can only make it more negative EV, so it doesn't change that it's always a mistake.

 

[fundiver199]

Cash out is always slightly negative EV, regardless of whether you're a big favorite, break-even, a slight underdog, a big underdog, etc.

It is negative EV in itself, but there are situations, where it has value to reduce variance. The first is, if you are limited by your bankroll and not your skills. Say you were a winning player at 100NL but had to withdraw most of your poker money to pay for a big unexpected bill. A few month later you were able to redeposit $500, so now you have to build up the bankroll again playing lower stakes.

In this situation anything, that can limit variance, will allow you to move up faster and thereby increase your long term EV. So for instance instead of playing 10NL with deep stacks and never cashing out, you choose to play 25NL, but you cash out, every time your equity share is more than $15-20 to keep variance down.

The other situation, where cashing out can be beneficial, is, if you have a high tendency to tilt after losing and especially losing to bad hands. If it tends to really bother you, when some goofball move all-in with 72 and then suck out on your AK on the river, then it might be better for you to pay the 1% fee and let him suck out on the poker site instead.

 

[makisaa]

I don't use this feature because I invest in my play and in my decisions, so I want to play the hand naturally and see what good or bad will happen.