Cashing out a significant part of your BR

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?

Depends on how skinny my children get.

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 :roll:

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!)

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?" :D

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

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.

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. :D

- Lukie

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.

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.

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).

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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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.

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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.

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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.

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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 )

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

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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!

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At least it wasn't for hookers...

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?

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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.

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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 :D 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

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Originally Posted by a500lbgorilla

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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.

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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 :D 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

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So you're more like a479lbgorilla now? :?

It's a very humbling experience, rebuilding a bankroll...

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

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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.

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Whats your BR at when you play 25 cent 50 cent. Mine was at 218 around there...

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.

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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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?

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right!

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

*puts on robe and wizard hat*

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Originally Posted by journey075

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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?

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right!

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

*puts on robe and wizard hat*

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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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Originally Posted by ake

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Originally Posted by journey075

Quote:

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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?

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right!

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

*puts on robe and wizard hat*

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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.

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That's a reference from a website, but I can't remember which.

I edited you tool

k since I'm feeling nice today

http://dk-net.com/users/kevin/cybersex.html

I like how dwarfman cant recognize a reference from the same guy that the wizards hat thing came from.

-'rilla

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..

cashing out is for wusses that have to pay for things.

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Originally Posted by ake

I edited you tool

k since I'm feeling nice today

http://dk-net.com/users/kevin/cybersex.html

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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

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.