Cashing out on a Regular basis.

[TheAlchmizt]

Ive recently built by bankroll up over 2800 playing 100nl over the last 2.5 weeks and i've just cashed out 500. Now i know i'm probably playing a bit high for BR but my game seems to suit the 10 handed tables on 888 and i've been doing well.

But i would like to know what percentage of your BRs do you guys normally cash out after reaching your cash out point. I was thinking of going back to 50nl and grinding to 4.5 k and cashing 500 whenever i can reach it back to 4.5k.

Or if this is working at 100nl, should i stay at this level and do the same?(4.5k)

[d0zer]

ride that wave bro

[TeUnit]

some things to consider:

are you planning on taking any shots? is it easy to deposit? how many tables do you play? win rate?

[TheAlchmizt]

Its easy to deposit, i absoloutely hate doing as i've done so enough, i have a day job, which i mainly play poker at all day anyway, so my weekly wage and poker on the side. I normally only play 1 or 2. Not too sure on my win rate as i don't use PT or any other Manager at all. But i'll mainly only ever lose 2 buy ins a day. I'm trying to keep it 2, unless the table have been really lucky to take those 2 buy ins and i know i'll have a shot getting it back i'll reload once more. I made 300 today within about 2.5 hrs and got off, locked up the win for the day, and i've made about 900 in the past 3 days.

Elab on "Taking shots"?

[Micro2Macro]

never cash out

[TheAlchmizt]

I'm putting the cash towards a new family car and its due so i kinda need to cash out, i mean why play if we don't spend our winnings?

So do most of you guys never cash out, and just keep playing or do you have a set percentage, when you reach that mark you take some out?

[celtic123]

I build my roll, something turns up that needs instant cash, withdraw and start again. Hmmph

[peel]

My cashout strategy goes as follows:

Grind 5, 10 & 16nl up to a point where I can shot take 25nl >> car breaks down >> cashout to fix car >>> grind back up >>> car breaks down etc etc

[Fielmann]

I build my roll, something turns up that needs instant cash, withdraw and start again. Hmmph

This, exactly.

Why don't the poker rooms provide the option of setting a cash-out limit, similarly to deposit limits or self-exclusion settings? Obviously it would be super-profitable to them, too.

[spoonitnow]

never cash out

+1

[Arjonius]

It's up to you. If you're building your roll to move up, you obviously can't cash out all your winnings. But given that, it depends on how you want to balance growing your roll vs setting money aside for RL purposes.

If you're not looking to move up, you have even more flexibility. For instance, you can withdraw $X whenever your roll reaches $2X, $3X or whatever other number you choose as long as you leave yourself a playable rill.

[MadMojoMonkey]

All of you who cash out your poker roll to deal with life problems are seriously doing it wrong. I've long wondered why M2M, Stacks, Spoony, et. al. are not playing higher stakes... maybe this is why?

Your poker roll should remain completely separate from your life finances. The poker roll is there for the sake of the pokers and you need the monies to make more better pokers.

If you use your poker roll to deal with life problems, then you're likely to have to drop down in stakes frequently, which will significantly lower your winrate. It's like you demoted yourself over a flat tire.

If you're going to borrow money, you must have a plan to pay it back... and borrowing from your poker roll is just like borrowing from a friend. Personally, I'd sooner borrow money from friends or family or a bank than borrow money from my poker account. There's no reason to give myself excuses to avoid paying a debt, since I owe it to myself.

[Luco]

All of you who cash out your poker roll to deal with life problems are seriously doing it wrong. I've long wondered why M2M, Stacks, Spoony, et. al. are not playing higher stakes... maybe this is why?

Your poker roll should remain completely separate from your life finances. The poker roll is there for the sake of the pokers and you need the monies to make more better pokers.

If you use your poker roll to deal with life problems, then you're likely to have to drop down in stakes frequently, which will significantly lower your winrate. It's like you demoted yourself over a flat tire.

If you're going to borrow money, you must have a plan to pay it back... and borrowing from your poker roll is just like borrowing from a friend. Personally, I'd sooner borrow money from friends or family or a bank than borrow money from my poker account. There's no reason to give myself excuses to avoid paying a debt, since I owe it to myself.

So mojo, are you going to go find jobs for all the poker players who use some winnings to get by?

I'm in the same boat as you and don't need poker at all (high five etc), but borrowing from friends instead wtf? You've set an ideal here but life isn't like that bro, not for everyone.

[Pascal]

MMM, you completely ignore anyone who plays semi-pro to supplement their income or full time to pay bills.

[daven]

All of you who cash out your poker roll to deal with life problems are seriously doing it wrong. I've long wondered why M2M, Stacks, Spoony, et. al. are not playing higher stakes... maybe this is why?

re m2m - 10-20 is pretty high as far as the current poker ecosystem goes...
re spoon - i don't think he plays poker nowadays?

]Your poker roll should remain completely separate from your life finances. [/B] The poker roll is there for the sake of the pokers and you need the monies to make more better pokers.

If you use your poker roll to deal with life problems, then you're likely to have to drop down in stakes frequently, which will significantly lower your winrate. It's like you demoted yourself over a flat tire.

If you're going to borrow money, you must have a plan to pay it back... and borrowing from your poker roll is just like borrowing from a friend. Personally, I'd sooner borrow money from friends or family or a bank than borrow money from my poker account. There's no reason to give myself excuses to avoid paying a debt, since I owe it to myself.

ok, so for those of us who play poker for a living this is a little different. If i don't withdraw my monthly 'salary' then i don't have money. I mean, i have a bunch of money sitting in backup bank accounts, but those are backup bank accounts in case of a rainy day (e.g. online poker disappearing completely and not wanting to be in a position to need to find a job within a month or two)

[MadMojoMonkey]

I'm saying have a plan to cash out... have a BR management plan... and stick to it.

The poker account has a minimum effective balance to maintain it's current rate of productivity. There is more long-term value in keeping it supporting your stakes than cashing it out. This seems equivalent to cashing out investments or a retirement fund.

I am blessed to have support in my life, and I hope I am not absurdly naive on this subject.

[Micro2Macro]

MMM, you completely ignore anyone who plays semi-pro to supplement their income or full time to pay bills.

yeah, the ideal strategy to achieve the most out of poker would be to delay cashing out anything for as long as possible (though this is usually impractical for most). it all comes down to your goals, but if OP has a job IRL I bet he could find a way to manage paying for his car without dipping into his bankroll.

[Micro2Macro]

A good rule for cashouts could be this:

If doing so leaves you dropping down in stakes or leaves you damn close to it, you're doing it wrong.

[spoonitnow]

if OP has a job IRL I bet he could find a way to manage paying for his car without dipping into his bankroll.

This is key to our point, imo.

[peel]

A good rule for cashouts could be this:

If doing so leaves you dropping down in stakes or leaves you damn close to it, you're doing it wrong.

This is a good idea