Long shots with odds

[jackfrost]

I was reading Ciaffone's nl/pl book and have become confused about something. On the first page he gives a Limit scenario where a player has a gut shot and his implied odds are somewhere around 1:14. He doesn't state the implied odds but you can calculate it. Now he says lay it down and than makes a comment about taking longshots all night will widdle away your stack. I've always followed the theory that if my implied odds are 1:14 and my odds of hitting are 1:13 i'm going to play. But the more I think about it, I'm starting to think he has a point. Taking a lot of longshots puts a lot of of shorterm variance in my bankroll and I may just be better off passing and waiting for a better situation. I'm really not sure, any thoughts?