Chris, one of the hosts of my regular Friday night poker game, had an interesting perspective on the home game dilemna I mentioned previously. We discussed it in IM today, and he authorized me to post it here.
I was contemplating the winner’s dilemma in a game like ours. Although I think the notion of a "high-water" mark is a myth, I agree that there is limited expected value in continuing to play against equally skilled opponents once one is up.
Except for one important benefit: practice. In the case of our game, you have four, possibly five, players who are consistent winners at low- and middle-limit stakes in casinos. When one considers how few players win in the long run, that is pretty impressive. The opportunity to hone skills against them at $1/2, instead of $5/10 at the Taj, is indispensible.
Sage words, I think.