11-18-2005, 09:04 PM
I was wondering what the most effective way you guys have found for cashing out. I have been all over the board and would like to be more consistent. There are a few different ways I have heard of cashing out/ managing your bankroll. Let me know what you guys think:
1. Keep winnings in the acct to try to move up to higher limits. Pros: Potentially much larger winnings. Negs: Could get on a losing streak and lose it all, or just level out and eventually lose it.
2. Cash out very modest amounts as often as possible. For example, if you win $50 in a session, cash it out, and if you win $75 the next day, cash that out. Pro: Keep level amt of $ in acct so losses will never be more than you want to lose. Neg: Hard to increase winnings over long run
3. Cash out a percentage of the day's winnings to slowly increase stack.
4. Set goals and cash out as soon as a goal is hit.
I've done a combination of all of these depending on my mood at the time. Recently though, I increased my $500 buy in to over $1500, then got on a bad losing streak and lost it all. Thanks for your responses.
1. Keep winnings in the acct to try to move up to higher limits. Pros: Potentially much larger winnings. Negs: Could get on a losing streak and lose it all, or just level out and eventually lose it.
2. Cash out very modest amounts as often as possible. For example, if you win $50 in a session, cash it out, and if you win $75 the next day, cash that out. Pro: Keep level amt of $ in acct so losses will never be more than you want to lose. Neg: Hard to increase winnings over long run
3. Cash out a percentage of the day's winnings to slowly increase stack.
4. Set goals and cash out as soon as a goal is hit.
I've done a combination of all of these depending on my mood at the time. Recently though, I increased my $500 buy in to over $1500, then got on a bad losing streak and lost it all. Thanks for your responses.