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How ddo you decide when to withdraw money

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SharkySmurf
Joined: 31.07.2008

obviously you want to keep moving up the limits? but when can we withdraw... or what % do people withdraw?


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I believe there's an article about this somewhere in the strategy forums, advanced bankroll management or something similar. Basically i withdraw the money only if I need it (run out of money on my bank account, need to pay the bills etc.). I don't withdraw it to buy something I don't really need (new clothes etc.)


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When you feel the doomswitch is comming.. that's when you cashout and move down stakes.


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NightFrostaSS
Joined: 25.10.2008

NightFrostaSS withdraws when he pleases


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Fagin
Joined: 06.05.2008

Hi, I play mainly cash tables and rarely withdraw the profits from that side of my game unless some seriously pressing need in the real world arises. I also play MTTs and will sometimes withdraw a % of a win (if I get a 1st place or a decent size cash) so that I can have some cash separate to my BR for any particular site. That could be anywhere from 10 - 60% depending on the size of the win and my reason for withdrawing.

I operate seperate BRs for each site and if I need to deposit somewhare to claim a bonus or gain entry into a decent value freeroll or similar I then have that cash separate which allows me to do that.

I could just leave the cash where I won it and use it to boost my roll to allow me to move up limits more quickly, however I see this as a potentially -ev move as I prefer to move up limits when I have "earned" my way there on the cash tables. This way I only move up when I not only feel I am ready but have also earned the roll to make that move on the lower limits.

Hope this helps.


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konkey
Joined: 29.12.2009

At first, get to higher limits. I know few people (SNG players) withdraw e.g. 2% ROI regardless of results. The same can be applied to cash games. Cash out 0.5bb/100 at the end of every month.


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Wriggers
Joined: 21.07.2009

That's a pretty good idea konkey :)

I myself don't withdraw unless I really need it. Unfortunately, being a sking student means I do actually need it sometimes Atm I have more available in my Pokerstars Cashier than I do in my Bank account :P


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OZSA
Joined: 18.05.2009

if you live from your parents money, dont withdraw poker winning at all imo
if you pay for ur living and you give ur parents money, u got no other choice then withdraw.
its pretty simple, just at bigger cash ammounts make sure you have login with key generator so you cant get hacked.


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Ye if that is anywhere near as much of an epidemic as it is in mmorpgs i better be dam careful.

Thing is if someone keylogged your account and donked it all to his other account in HU there would be absolutely nothing you could do about it

Makes those poker vids on youtube with links to strange sites for free $$$$$$ look very dodgy indeed.


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I never cashed out and will never cashout ever i belive that if i cashout i will be hit by the doomswitch =(


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Originally posted by Heffron89
I never cashed out and will never cashout ever i belive that if i cashout i will be hit by the doomswitch =(

So you play poker just for fun? Cmon now.. if you got a million sitting in your account and like $300 on your bank account don't tell me your not cashing out


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Originally posted by Hahaownedlolz

Originally posted by Heffron89
I never cashed out and will never cashout ever i belive that if i cashout i will be hit by the doomswitch =(

So you play poker just for fun? Cmon now.. if you got a million sitting in your account and like $300 on your bank account don't tell me your not cashing out

Hehe ofc but i am stuck at micros so i dont care + i dont need money


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Hlynkinn
Joined: 14.06.2008

Originally posted by Schnitzelfisch
I believe there's an article about this somewhere in the strategy forums, advanced bankroll management or something similar. Basically i withdraw the money only if I need it (run out of money on my bank account, need to pay the bills etc.). I don't withdraw it to buy something I don't really need (new clothes etc.)

new clothes > paying the bills...


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gadget51
Joined: 23.06.2008

I multi-table nl4 fr 4hrs a day and have to withdraw all the time for bills etc. It sucks but that's life. I usually leave about $100 in and withdraw somewhere around 3 to 4 hundred a month.
I don't withdraw from Party even though I think it sucks; that money is for earning P.S. points and learning only.


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Originally posted by Hlynkinn

Originally posted by Schnitzelfisch
I believe there's an article about this somewhere in the strategy forums, advanced bankroll management or something similar. Basically i withdraw the money only if I need it (run out of money on my bank account, need to pay the bills etc.). I don't withdraw it to buy something I don't really need (new clothes etc.)

new clothes > paying the bills...

true poker players have only one pair of jeans and wash their head once a month


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Coach
w34z3l
Joined: 03.08.2009

Nooooo!!1

You risk the cashout curse!!


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MatejM47
Joined: 21.01.2010

Originally posted by Heffron89

Originally posted by Hahaownedlolz

Originally posted by Heffron89
I never cashed out and will never cashout ever i belive that if i cashout i will be hit by the doomswitch =(

So you play poker just for fun? Cmon now.. if you got a million sitting in your account and like $300 on your bank account don't tell me your not cashing out

Hehe ofc but i am stuck at micros so i dont care + i dont need money

So basically your not cashing out because you don't make a significant amount of money, not by choice.


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tcs35
Joined: 31.01.2009

Originally posted by MatejM47

Originally posted by Heffron89

Originally posted by Hahaownedlolz

Originally posted by Heffron89
I never cashed out and will never cashout ever i belive that if i cashout i will be hit by the doomswitch =(

So you play poker just for fun? Cmon now.. if you got a million sitting in your account and like $300 on your bank account don't tell me your not cashing out

Hehe ofc but i am stuck at micros so i dont care + i dont need money

So basically your not cashing out because you don't make a significant amount of money, not by choice.

LOW BLOW but srsly just put it all on red and withdraw half. pretty easy game


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stevegold87
Joined: 18.06.2009

Originally posted by Wriggers
That's a pretty good idea konkey :)

I myself don't withdraw unless I really need it. Unfortunately, being a sking student means I do actually need it sometimes Atm I have more available in my Pokerstars Cashier than I do in my Bank account :P

+1
same here


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OZSA
Joined: 18.05.2009

withdraw for new cloths? wow, thats something I would never do :))) I mean just for new cloths ? what are you ? a blond plaza chick ?:))


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