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buhler26
11-16-2004, 04:52 PM
Hey everyone,
I just wanted to get everyone's opinion on what the best way to withdraw money from your bankroll as a kind of "salary". Once my bankroll gets large enough to play a certain level, I would like to take a "salary" out of my bankroll on a regular basis.

Originally, I was thinking that I would take out however much was in my BR over 300BB every two weeks. It was brought to my attention that this might be a bad idea, as it might really hurt my BR during a downswing. Would this be a better idea if it were monthly?

Another thought I had was to take out a BB for each hour played during a two-week or month period. This could still be a problem during a downswing it seems though.

Anybody care to share their thoughts on these methods or share their own methods for "withdrawing money" from their bankroll?

cockandbull
11-16-2004, 04:57 PM
i think if you left 400bb in your account and cashed out every other week you'd be more than fine.

harry

davidross
11-16-2004, 04:57 PM
You just need to budget properly. Decide what your minimum requirement for a bankroll is, and don't let it get below that due to a withdrawal. THen decide if you need regular withdrawals, or more of a "dividend" payment to reward yourself once you get over a certain amount.

Because I live off my winnings, I make a regular withdrawal every 2 weeks. THis covers our living expenses. THen we make the extra withdrawals when the bankroll exceeds a certain number. THis can happen anytime.