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PokerPatNEU
Old 08-05-2005, 03:14 PM     Post subject: Cashing out a significant part of your BR #1 (permalink)  
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How do you guys decide whether to move up a limit or cash out a bit of your BR? I've had pretty good success at 25 NL, and I'm just about bank rolled to move up to 50 NL now. To keep playing 25NL i could cash out half my bank roll and still be more than comfortable with that to continue at these limits, but the rate of $ coming in is slower than moving up. If the level of play is comparable, I think i'd rather move up and stand to make an even bigger cash out for my impulse buys in a couple months. how do you guys decide whether to move up or cash out?
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Rondavu
Old 08-05-2005, 04:49 PM #2 (permalink)  
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Depends on how skinny my children get.
It's not what's inside that counts. Have you seen what's inside?
Internal organs. And they're getting uglier by the minute.
 
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SinkRox
Old 08-05-2005, 04:55 PM #3 (permalink)  
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i'll only cash out if i HAVE to cash out (eg to pay rent/bills etc) and belive me this sucks soo bad... I advise not cashing out (chunks) unless your really HAVE TO!

In total Id have a BR of ~$2k had I not cashedout but i currently stand at about ~$500 and am still at the shitty lowest stakes

Ive now made a vow not to cashout anything again untill im over the 1k mark and am profiting at .25/.5 NL. (...shit i need a job!)
Experimenting - 200NL 5max.

"They say that dreams are real only as long as they last. Couldn't you say the same thing about life?" Waking life
 
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PokerPatNEU
Old 08-05-2005, 04:59 PM #4 (permalink)  
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SinkRox, did you profit at .10/.25NL and then move up and start doing worse? This is my biggest concern about moving up a limit. I could just continue to make slow consistent money while having fun playing and cash out money for new goodies less often. Ideally though, i'd like to move up and keep winning i'm just not sure it'll be as easy.

I guess the real topic of this thread should have been "Move up or be a big chicken?"
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EasyT
Old 08-05-2005, 05:44 PM #5 (permalink)  
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 I just moved up, and so far so good. (See Sig)

I was very worried about moving up, and still am, I guess. But I think you HAVE to try when you're properly bankrolled. If you lose, you move back down and recover. You'll limit your growth as a player, and limit your potential profit if you don't try.

About cashing out: I RECOMMEND cashing out some money once in a while whether you need it or not. Take out $100 and go by some DVDs or someting. Don't spend it at a strip club. You want to HAVE SOMETHING. You'll feel better about your bankroll if you do this at regular intervals. You'll also respect your BR more.

EasyT
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SinkRox
Old 08-05-2005, 05:47 PM #6 (permalink)  
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yes about 2 times ive moved up to just .15/.3 NL and each time i had to move back down......

The first time my game really wasnt good enough and i couldnt even work out a decent PRF amount to isolate - so was getting too many callers and getting cracked.

I was also playing 6max when my camping style suited 10handed far more. plus I had a sketchy BR eg 1.3k but knowing 800 was needed for rent, that didnt help.

Now im alot more confident in my game Im pretty certain I can beat .25/.5 once im properly BR'd. Id been playing SnGs daily for about 9-12 months and profiting then I moved to cash ring games in about March 2005.. in just about 4 months playing ring my game has improved so much by studying it and reading up here daily that im confident i can continue playing well and improving even more over time and increase through the stakes somewhat. My goal is to reach .5/1 and crack that as 2-3 tabling here would be a nice second income, then eventually I'll test the waters and see if I can beat higher stakes.

If your concerned about doing worse at the step up then make sure you have a huge BR for it so you wont be playing quite so scared.. Im aiming for 20 buyins but may wait till I have 25 or even 30. .. then if I loose 5 i'll stop and try and work out what the hell went wrong and study past hands etc...

Dont forget you need confidence to be a winning player, the only way I can think of boosting confidence is:

Experience (get them hours in!)

To have a very sufficient BR

Also read a few books and just try and improve your game more and more - this will give you confidence when you look back and realise how much of a better player you are now.
Experimenting - 200NL 5max.

"They say that dreams are real only as long as they last. Couldn't you say the same thing about life?" Waking life
 
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Lukie
Old 08-05-2005, 06:17 PM #7 (permalink)  
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 I'd move up to NL50. I can assure you that there are still plenty of idiots that will happily pay you off at this level.

- Lukie
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FishMagician
Old 08-05-2005, 06:28 PM #8 (permalink)  
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Take out 25% of your bankroll and when you make that back up move up to 50nl.

I've read a couple places (can't remember where) that a good rule of thumb is to take out half of your winnings whenever you double your br. So say you start with $500, and make it $1000, take out $250, so your br gets bigger but you also get to enjoy some winnings. Then when you turn that $750 into $1500, take out $400ish, etc, etc.

If your goal is to move up limits as fast as possible, and you don't need the money, just leave it all in there, but if you want to buy stuff and move up limits, this seems like a decent formula.
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ledfut
Old 08-05-2005, 07:10 PM #9 (permalink)  
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right now i'm in the hole about $850 (lost slowly over the past year). i'm trying to build my bankroll up at the sngs (with some moderate success). my goal is to get 20 buy-ins for the next level, then move up, win 20 buy ins for the next level, then move up.......and you get the idea. if i am successful i will withdraw whatever i can to still keep a nice bankroll the last week of december. then when january rolls around pay the tax off immediately, that way i know how much i really have.
know the enemy and know yourself, and in 100 battles you will never be in peril.

know yourself but ignorant of the enemy, your chances of winning are half.

if ignorant of yourself and of your enemy and you will always be in danger.
 
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m3laNcholy
Old 08-06-2005, 09:20 AM #10 (permalink)  
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I think you start cashing out when you decide that you'll stop moving up for a while. Then do it regurarly. Theoretically, if you can beat any game you are br ed for you should keep moving up for ever. When you reach 10/20 or sth (meaning you have now a br of 40k or sth) if you keep on winning there you THEN start to cash out and you are getting max profit. I stoped at NL $200 to see what I can average there, lets say that I would be profitable up 600NL, since I stoped at 200 I am LIMITING my profit. But I dont know if I will be profitable at 600NL and at some point after playing poker for a while and seeing "a number on the screen" grow bigger and bigger I wanted to start reaping the rewards (mp3 players, computer stuff, vacation stuff like that).
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Cocco_Bill
Old 08-06-2005, 10:18 AM #11 (permalink)  
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I cash out at least once every month.

I currently have about $7000 spread out online and I still only play 100NL. I just don't have the confidense in my abilities to play higher games especially if I am to play 4 tables or more.
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spino1i
Old 08-06-2005, 11:17 AM #12 (permalink)  
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Quote:
Originally Posted by Cocco_Bill
I cash out at least once every month.

I currently have about $7000 spread out online and I still only play 100NL. I just don't have the confidense in my abilities to play higher games especially if I am to play 4 tables or more.
Wow with that sort of money I'd consider moving up to 200 NL at least, you'd still be generously bankrolled for it with 35 buy-ins. I think youd do just fine, Ive watched your play develop and your good enough to beat that game.
BR now: $106900
Playing now: $10/10/20 - $20/40 NL live, $10/20 NL full ring online, $10/20 NL 6-max online, $20/40 FL 6-max online, $100/200 FL live
Goal: $125000 for $25/50 NL live
 
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Miffed22001
Old 08-06-2005, 12:39 PM #13 (permalink)  
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Quote:
I've read a couple places (can't remember where) that a good rule of thumb is to take out half of your winnings whenever you double your br.
Agreed, i do 20-30% though. While i dont really need the money for anything important i find that to actually see that playing poker is giving me something back then i encourage myself to continously strive to get better and improve the level i play at.
As for stepping up levels i use 20 buy ins. Then when i feel ive ben playing well or had a ncie run of cards i try just one table at that improved level. I play my normal game and see how i play. If its succesful i start playing it a touch more often. As i see good results i start making that then level i play at or if i have trouble i move back down and reexamine all aspects of my game (even watching a table at the higher level helps )
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a500lbgorilla
Old 08-06-2005, 07:27 PM #14 (permalink)  
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I just cashed a large portion of my ever reducing bankroll to pay for college. I may be back at 25nl in no time!

-'rilla

Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
 
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Sed
Old 08-06-2005, 07:37 PM #15 (permalink)  
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Originally Posted by a500lbgorilla
I just cashed a large portion of my ever reducing bankroll to pay for college. I may be back at 25nl in no time!
At least it wasn't for hookers...


No fear, go deep or go home!
 
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Legendash
Old 08-08-2005, 01:10 PM #16 (permalink)  
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Rilla, what's the story with your roll, i remember you were crushing the game a while back and then had a big downswing and then i read something about 13BB/100 at 600NL, where are you at now and have you learnt anything from your experiences at different limits.

On this topic, i've never cashed out anything from my BR as i don't play all that often but would like to get to 600NL or possibly 1000NL and then cash out some winnings at that point.

I'm just on the cusp of beggining 200NL, i've 4K in the roll and am playing 2 100NL tables and 1 200NL table to get a feel for it. Obviously i'd like 30 buyins for 200NL so i might keep it like this til i get to 5K, then add another 200 and when i hit 6K play 3 200 tables.

BTW Spino1i, you've been quite an inspiration over the past few weeks with the monumental growth in your roll and speedy progression through the limits, do you think starting 200NL is a good idea at this time?
"[This theory] is only useful for helping to calculate your luck odds. If you have a good read that you have a numerical advantage against your opponent, that your hand is "luckier"..."

Copyright, Youngdro 2007.
 
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a500lbgorilla
Old 08-08-2005, 05:55 PM #17 (permalink)  
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Quote:
Originally Posted by Legendash
Rilla, what's the story with your roll, i remember you were crushing the game a while back and then had a big downswing and then i read something about 13BB/100 at 600NL, where are you at now and have you learnt anything from your experiences at different limits.
I paid for this semester of college and I have withdraw enough money to cover next semester of college. I also spent a lot of money on pimping out my dorm room with a TV and a new laptop. All said and done, I've left myself with a whopping 1k bankroll to play with. I choose to do this becuase it's been a long time since I've been able to really put in a shit load of hours. The more I pushed my roll, the more stress it caused me and I didn't really want to play more than my scheduled min of 2 hrs. So I've gone from 2 hrs a day of 13bb/100 400 nl to 26bb/100 for 4 hrs a day of 25 nl (that's my winrate over almost 3k hands the past few days). For my first year in the game, I think it was a huge success and I'm very happy with where I've come. This second time around, I plan on not playing any more NL past 25 nl. Once I get to 3k or so, I'm going to learn 5/10 limit (I may even look up Fnord for his services). A year of NL, I think I've come as far as I'd like to. If I ever want to go to a casino and play some NL, I'm sure I'll be very capable of holding my own. And I really want to learn limit and become hold'em rounder!

H1J4K'D

EDIT - I'm also 5 weeks into my diet and I'm down 21 lbs. Oh what a difference a year makes.

-'rilla

Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
 
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sandstorm
Old 08-11-2005, 12:03 AM #18 (permalink)  
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Quote:
Originally Posted by a500lbgorilla
Quote:
Originally Posted by Legendash
Rilla, what's the story with your roll, i remember you were crushing the game a while back and then had a big downswing and then i read something about 13BB/100 at 600NL, where are you at now and have you learnt anything from your experiences at different limits.
I paid for this semester of college and I have withdraw enough money to cover next semester of college. I also spent a lot of money on pimping out my dorm room with a TV and a new laptop. All said and done, I've left myself with a whopping 1k bankroll to play with. I choose to do this becuase it's been a long time since I've been able to really put in a shit load of hours. The more I pushed my roll, the more stress it caused me and I didn't really want to play more than my scheduled min of 2 hrs. So I've gone from 2 hrs a day of 13bb/100 400 nl to 26bb/100 for 4 hrs a day of 25 nl (that's my winrate over almost 3k hands the past few days). For my first year in the game, I think it was a huge success and I'm very happy with where I've come. This second time around, I plan on not playing any more NL past 25 nl. Once I get to 3k or so, I'm going to learn 5/10 limit (I may even look up Fnord for his services). A year of NL, I think I've come as far as I'd like to. If I ever want to go to a casino and play some NL, I'm sure I'll be very capable of holding my own. And I really want to learn limit and become hold'em rounder!

H1J4K'D

EDIT - I'm also 5 weeks into my diet and I'm down 21 lbs. Oh what a difference a year makes.

-'rilla
So you're more like a479lbgorilla now?
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jmontis
Old 08-21-2005, 07:46 PM #19 (permalink)  
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It's a very humbling experience, rebuilding a bankroll...
take your ego out of the equation and judge the situation dispassionately
 
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boyobach
Old 08-21-2005, 11:33 PM #20 (permalink)  

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i take a steady stream of cash out as i go along.

On Empire you can take a minimum of $50 out at any time. My general rule of thumb was ....make $100, take out $50.

Obviously this would vary a little. Like, if i just had a big downswing, then I would have to make it back up before taking out.

Works for me
pocket Jacks eh?

CANT WIN WITH 'EM
CANT WIN AGAINST 'EM
CANT FOLD 'EM
 
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Peja
Old 08-22-2005, 02:30 AM #21 (permalink)  
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Quote:
Originally Posted by SinkRox
yes about 2 times ive moved up to just .15/.3 NL and each time i had to move back down......

The first time my game really wasnt good enough and i couldnt even work out a decent PRF amount to isolate - so was getting too many callers and getting cracked.

I was also playing 6max when my camping style suited 10handed far more. plus I had a sketchy BR eg 1.3k but knowing 800 was needed for rent, that didnt help.

Now im alot more confident in my game Im pretty certain I can beat .25/.5 once im properly BR'd. Id been playing SnGs daily for about 9-12 months and profiting then I moved to cash ring games in about March 2005.. in just about 4 months playing ring my game has improved so much by studying it and reading up here daily that im confident i can continue playing well and improving even more over time and increase through the stakes somewhat. My goal is to reach .5/1 and crack that as 2-3 tabling here would be a nice second income, then eventually I'll test the waters and see if I can beat higher stakes.

If your concerned about doing worse at the step up then make sure you have a huge BR for it so you wont be playing quite so scared.. Im aiming for 20 buyins but may wait till I have 25 or even 30. .. then if I loose 5 i'll stop and try and work out what the hell went wrong and study past hands etc...

Dont forget you need confidence to be a winning player, the only way I can think of boosting confidence is:

Experience (get them hours in!)

To have a very sufficient BR

Also read a few books and just try and improve your game more and more - this will give you confidence when you look back and realise how much of a better player you are now.
Whats your BR at when you play 25 cent 50 cent. Mine was at 218 around there...
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journey075
Old 08-22-2005, 03:56 AM #22 (permalink)  
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well im cashing out about 6k as fuckaround money and im dropping to 100nl permanently (no real change, i havent been playing higher stakes for a while anyway).

plan on building a 4-processor computer and getting a 17" laptop for classes.
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ake
Old 08-22-2005, 07:10 PM #23 (permalink)  
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Im cashing out about 2k today and also dropping to 100NL. Me and journey are like brothers..or more like a couple. We will also focus lots on MTT's, right jfish?
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journey075
Old 08-23-2005, 12:47 AM #24 (permalink)  
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Quote:
Originally Posted by ake
Im cashing out about 2k today and also dropping to 100NL. Me and journey are like brothers..or more like a couple. We will also focus lots on MTT's, right jfish?

right!

oh and if you want to cyber tonight, we have to roleplay.

*puts on robe and wizard hat*
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ake
Old 08-23-2005, 12:49 AM #25 (permalink)  
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ake
Quote:
Originally Posted by journey075
Quote:
Originally Posted by ake
Im cashing out about 2k today and also dropping to 100NL. Me and journey are like brothers..or more like a couple. We will also focus lots on MTT's, right jfish?

right!

oh and if you want to cyber tonight, we have to roleplay.

*puts on robe and wizard hat*
Okay..
I'm 6'3" and about 250 pounds.I wear glasses and I have on a pair of blue sweat pants I just bought from Walmart.I'm also wearing a T-shirt with a few spots of barbecue sauce on it from dinner...it smells funny.


No..wait a minute..

What the f*ck, I told you not to message me again.

I swear if you do it one more time I'm gonna report your ISP and say you were sending me kiddie porn you f*ck up.
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Old 08-23-2005, 12:51 AM #26 (permalink)  
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Originally Posted by ake
Quote:
Originally Posted by journey075
Quote:
Originally Posted by ake
Im cashing out about 2k today and also dropping to 100NL. Me and journey are like brothers..or more like a couple. We will also focus lots on MTT's, right jfish?

right!

oh and if you want to cyber tonight, we have to roleplay.

*puts on robe and wizard hat*
Oh! not you again! I told you to never msg me again!

I swear if you do it one more time I'm gonna report your ISP and say you were sending me kiddie porn you f*ck up.
That's a reference from a website, but I can't remember which.
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ake
Old 08-23-2005, 12:52 AM #27 (permalink)  
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ake
I edited you tool

k since I'm feeling nice today

http://dk-net.com/users/kevin/cybersex.html
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a500lbgorilla
Old 08-23-2005, 12:55 AM #28 (permalink)  
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I like how dwarfman cant recognize a reference from the same guy that the wizards hat thing came from.

-'rilla

Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
 
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Surf_Thug
Old 08-23-2005, 03:14 AM #29 (permalink)  
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I have to buy a laptop, so I have to take almost my whole bankroll out.

I'm at about $625 now, and I'll have to pull out all but 250$.

I hope I don't bust that out again like I did last time at 25NL when I dropped my roll down.

If I bust out again be warned I'm going to come here crying..
Currently Playing 8 Tables of 25NL 10-Max.
Or
2 Tables of 100NL 10-Max

Current Bankroll: $625

Goal: To stop pulling $$$ out of my bankroll and build it up to 1k.
 
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Bmxicle
Old 08-23-2005, 05:40 AM #30 (permalink)  
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cashing out is for wusses that have to pay for things.
 
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Legendash
Old 08-23-2005, 09:39 AM #31 (permalink)  
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Quote:
Originally Posted by ake
I edited you tool

k since I'm feeling nice today

http://dk-net.com/users/kevin/cybersex.html
Oh god, I'd never seen all of that before, i'd seen the bloodninja one off that irc site, bash or something but there were some new ones there. Argh my stomach hurts.

BTW I've never cashed out if thats what you wanted to hear in this thread
"[This theory] is only useful for helping to calculate your luck odds. If you have a good read that you have a numerical advantage against your opponent, that your hand is "luckier"..."

Copyright, Youngdro 2007.
 
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BIGandRICH
Old 08-23-2005, 03:49 PM #32 (permalink)  
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if you dont need the money dont cash out. You can win more at higher limits, cash out when a significant amount of your bankroll is actually a significant amount of money, and even then only if you need it.. dont be destined to hang at NL25 your whole life when you could be taking in a few K a week when you get to a high level.
villain goes AI
i call with a set (i have him owned)
i win pot
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