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Shark Bait
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08-07-2006, 05:53 AM
Post subject: How do you pay yourself?
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#1 (permalink)
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Flush
Join Date: Mar 2005
Posts: 481
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Sorry if this is a poor place to put this, but I couldn't find a better place.
I was wondering how you people pay yourself. How do you determine what you're going to cut out of your bankroll to spend? I'm not a professional, so anything I make is just extra money. With this in mind I've hardly ever made any cash outs and just tried to build up the bankroll. Now that I've got a sizeable amount, I wouldn't mind taking in some of that money. But I can't really figure out how much or if I should do it at all. I want to take some out so I can actually enjoy the money I've made, but I also don't want to cripple my roll and force me down a level or two.
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<a500lbgorilla> Limit is poker with training wheels!
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midas06
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4-of-a-Kind
Join Date: Jun 2005
Location: NZ
Posts: 2,196
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when I withdraw I usually just take it out of my monthly rb payments so my roll stays fairly intact
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Nehmer
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Full House
Join Date: Oct 2004
Location: Decatur, IL
Posts: 666
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At this point I keep my bankroll at a set amount and anytime it gets to be 2-3k above that, I cash out back down to the normal level.
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elipsesjeff
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Moderator
Join Date: Jul 2004
Location: Northern Virginia
Posts: 4,900
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I avoid cashing out as much as possible. I'm a bit of a nit and I'll only cash out my expenses and once or twice for investments. If I don't need the cash there is no reason fo rme to cash it out.
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Check out my videos at Grinderschool.com
More Full Ring NLHE Cash videos than ANY other poker training site. Training starts at $10/month.
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euphoricism
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4-of-a-Kind
Join Date: Mar 2005
Location: Your place or my place
Posts: 3,610
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I withdraw a set amount at the beginning of each month.
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LimpinAintEZ
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Flush
Join Date: Mar 2006
Location: working myself up to FTR fullhouse status while not giving 1 solid piece of advice
Posts: 591
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what is this term, Withdraw???? all i do is deposit....
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this space intentionally left blank
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bode
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Straight Flush
Join Date: May 2006
Location: slow motion
Posts: 4,270
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there was an article on P5's a few weeks ago advocating withdrawing 10% of you BR each month. This sounds like a decent strategy to pay yourself.
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Quote:
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eeevees are not monies yet...they are like baby monies.
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Renton
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Straight Flush
Join Date: Jan 2006
Location: Atlanta, GA, USA
Posts: 5,991
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i take like 4k out every time I need money, and then I don't need money any more for like a month or two.
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Shark Bait
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Flush
Join Date: Mar 2005
Posts: 481
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Quote:
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Originally Posted by Bode-ist
there was an article on P5's a few weeks ago advocating withdrawing 10% of you BR each month. This sounds like a decent strategy to pay yourself.
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funny...that's what I was considering. I'm going to have to go find this article.
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<a500lbgorilla> Limit is poker with training wheels!
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elipsesjeff
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Moderator
Join Date: Jul 2004
Location: Northern Virginia
Posts: 4,900
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I also dont like to cash out more than what I made in a given time period.
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Check out my videos at Grinderschool.com
More Full Ring NLHE Cash videos than ANY other poker training site. Training starts at $10/month.
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