[riverdawg]

“When you are playing poker, once you put chips in the pot, they aren’t yours anymore.

If the hand develops in a way that is not favorable to you, it doesn’t matter how many chips you have put in, or often, even what your hole cards are.

If it’s a certain loser, you have to fold and wait for a better situation.”

Also known as the “sunk cost fallacy” or in the vernacular, “throwing good money after bad.”

[Grampa Dave]

Thanks for posting this excellent reality post!

“When you are playing poker, once you put chips in the pot, they aren’t yours anymore.

If the hand develops in a way that is not favorable to you, it doesn’t matter how many chips you have put in, or often, even what your hole cards are.

If it’s a certain loser, you have to fold and wait for a better situation.”

Also known as the “sunk cost fallacy” or in the vernacular, “throwing good money after bad.”