Part timers - what do you do with your winnings?

[Songwind]

I don't mean specifics - what's your plan?

Do you roll it all back into your bankroll? Do you take everything above the theoretical 300BB out to spend? Something in between?

[jaxUp]

I cash out about half of all my winnings to pay for school and taxes and keep the other half to grow my BR

[gharp]

I bought a 2001FP (sweeeeeeet). I'm also planning to upgrade my whole computer when I get enough to do that.

Mostly though I just use my winnings to move up and test myself at higher limits.

[jaxUp]

[ QUOTE ]
I cash out about half of all my winnings to pay for school and taxes and keep the other half to grow my BR

[/ QUOTE ] Also, I dump a lot of it to tiltaholic at 10/20

[Reqtech]

It all goes back into my BR. Back during the summer during a time of tilt and general suckage, I cashed out enough to buy me an Inspiron 9300. If I was going to lose all my money, I wanted to at least have something to show for all my "hard" work /images/graemlins/smile.gif

[Songwind]

[ QUOTE ]
I bought a 2001FP (sweeeeeeet). I'm also planning to upgrade my whole computer when I get enough to do that.

Mostly though I just use my winnings to move up and test myself at higher limits.

[/ QUOTE ]

I feel like I should know this, but can't figure out why. What's a 2001FP?

[jaxUp]

[ QUOTE ]
[ QUOTE ]
I cash out about half of all my winnings to pay for school and taxes and keep the other half to grow my BR

[/ QUOTE ] Also, I dump a lot of it to tiltaholic at 10/20

[/ QUOTE ]
In addition to that, I need to get a diamond ring one of these days, so that's something else it will be used for.

[tiltaholic]

i put it in the bank and periodically check on it to see if it needs anything. i suspect it's losing its race with inflation but it's too proud to ask for help so i'm going the passive aggressive route and i'm not going to say anything first.

in other news, when you sit with 25bb and then win 25bb, do you then think of 25bb as "originally yours" and 25bb as "winnings", or do you think "50bb=mine"?

[Songwind]

[ QUOTE ]
in other news, when you sit with 25bb and then win 25bb, do you then think of 25bb as "originally yours" and 25bb as "winnings", or do you think "50bb=mine"?

[/ QUOTE ]

It's definitely all mine. I don't think of session results as winnings (or losses). I find myself thinking of it in month increments, I guess. So if I had 317BB at the beginning of the month in my roll (and therefore in my online account(s)) and 400 at the end of the month, I would consider that month's winnings to be 83BB.

The decision then comes, what to do with it? Do we put it into the "roll" category and it becomes untouchable, take it out and go by toys/pay bills/whatever, or a little of both?

Personally, I'm still playing at such low limits that the amount won or lost is too insignificant to bother with withdrawing, and it gets reinvested in building my poker funds and skills until I can play at a higher limit and get faced with a meaningful decision /images/graemlins/smile.gif

[gharp]

[ QUOTE ]
[ QUOTE ]
I bought a 2001FP (sweeeeeeet). I'm also planning to upgrade my whole computer when I get enough to do that.

Mostly though I just use my winnings to move up and test myself at higher limits.

[/ QUOTE ]

I feel like I should know this, but can't figure out why. What's a 2001FP?

[/ QUOTE ]
It's a big, flat panel monitor that allows for some nice high resolutions and can be bought at a pretty reasonable price (I paid about $425 for mine). You'll hear it come up again and again on 2+2 because it allows you to 4-table all the major poker sites with no overlap.

[cardcounter0]

Car insurance, electric bill, gas bill, a nice oak antique kitchen table, ...

[car ramrod]

[ QUOTE ]
I bought a 2001FP (sweeeeeeet).

[/ QUOTE ]

I need to get one of these.

I usually take money out only we I want something extra. I used a lot to take a trip to Europe last summer. And this summer I will probably do the same thing, only I want to go to Australia.

I also need to buy a ring for my girl and make her an honest women.

How long have you put it off Jax?

[jaxUp]

[ QUOTE ]
I also need to buy a ring for my girl and make her an honest women.

How long have you put it off Jax?

[/ QUOTE ]

Well, haven't actually put it off at all because I am only 20 and she doesn't want to get married yet either. However, we have been together for 5 years and will probably be getting engaged in 1-2 years, so I'm just planning ahead.

[ QUOTE ]
in other news, when you sit with 25bb and then win 25bb, do you then think of 25bb as "originally yours" and 25bb as "winnings", or do you think "50bb=mine"?

[/ QUOTE ]

I like to think of it as OPM, Other People's Money. I love playing with OPM.

[kiemo]

In two years I have never withdrawn a cent from my poker/casino bankroll. And since I am wimp I never take shots at higher limits (ie still playing 1/2 after two years). Hence my bankroll is ALOT.

Until my wife decided we really needed a new kitchen.

So the kitchen is done and now the money is earmarked to pay off the credit card when it comes due in 6/12 months.

So I bought a kitchen with my winnings. Would've much prefered having a 2001FP and a nice TV.

[ajm36]

I only play .5/1 and occassionally 1/2, so YMMV. I take out the maximum allowable for the tax deffered contribution to my IRA. Then I invest in variable annuities and equities with long term growth potential. I tuck a little aside to be used as venture capital for small start-ups. Either way, I'm in the market for a truck to haul away my winnings--know anyone? Good question though.

[shadow29]

The only correct answer is hookers and blow.

[MadMat]

I cash out anything over $500 at the end of each month and buy something "nice" for the family

So far we have had a holiday, Nintendo DS, new PC, and a whole load of other stuff that the normal household budget doesn't really cover!

($500 is enough to max out most bonuses and is 500BB at the limit I play most often!)

[Nikademus]

Right now I'm just increasing the bankroll. It's gone from $100 to $1200 this year, and I'm thinking of moving up to $2/$4 in Dec.

[sean c]

[ QUOTE ]
Right now I'm just increasing the bankroll. It's gone from $100 to $1200 this year, and I'm thinking of moving up to $2/$4 in Dec.

[/ QUOTE ]

Congrats. 2/4 is good you will like it.

[Nikademus]

[ QUOTE ]
Congrats. 2/4 is good you will like it.

[/ QUOTE ]

Thx. Only in Oct & Nov have I felt comfortable with my game at $1/$2. I really had to tighten my game from $0.50/$1. How different is $2/$4?

[sean c]

[ QUOTE ]
[ QUOTE ]
Congrats. 2/4 is good you will like it.

[/ QUOTE ]

Thx. Only in Oct & Nov have I felt comfortable with my game at $1/$2. I really had to tighten my game from $0.50/$1. How different is $2/$4?

[/ QUOTE ]

Hi Nik i spent most of my 1/2 time at the beginners tables and then moved to 2/4. I did play a little regular 1/2 and it seemed every bit as tough as 2/4 but i have a very small sample to judge off of so i am probably not the one to ask. I would have a tough time believing anyone that is beating the 1/2 would have any real problems beating the 2/4 game.

[lightw1thoutheat]

pokers paying for me to go to the world cup this summer, should be fun

[Redd]

Uhh..winnings?

[bravos1]

[ QUOTE ]
pokers paying for me to go to the world cup this summer, should be fun

[/ QUOTE ]

SWEET.. need a full trip report from that for sure!

[afk]

Just general spending money. Though I cashed out all but $1200 or so this summer and went on vacation for 3 weeks (Germany, Paris, Nova Scotia). It was the best possible thing I could have done for myself.

They go into the sock in my dresser (not that sock, the other one).

[milesdyson]

[ QUOTE ]
Uhh..winnings?

[/ QUOTE ]

[Webster]

Island vacations - 20 table hours a week - 1/2 to 3/6 - 1 island vacation a year - St. John last year, Antigua this year. And that is only 1/3 of the winnings!!

Them places are not cheap!! 1800 a week for a cottage.

The rest of the $$ goes for toys, Home theatre, lawn mowers, new bathrooms, car, STUFF!

[macdaddy991]

Pay for grad school, invest, and keep my overall finaces in the black.

I actually have a different plan than any other post thus far - I have been taking my cash limit winnings and "investing" them into on-line tournaments. After 4-6 months, I have final tabled & won a few, making me +EV in these low buy-in events. So now I'm thinking of funding a WSOP trip to try one of the earlier lower buy-in events. My winnings are funding a scouting trip to Vegas in January to work on my live tournament play.

[ QUOTE ]
[ QUOTE ]
Congrats. 2/4 is good you will like it.

[/ QUOTE ]

Thx. Only in Oct & Nov have I felt comfortable with my game at $1/$2. I really had to tighten my game from $0.50/$1. How different is $2/$4?

[/ QUOTE ]

I have found 2/4 to be a noticeable jump in quality of opponent. You will still find loose tables, but not as frequently. Two things that helped me:
1. Play tighter until you pick up the feel for the table
2. Play one 2/4 and one 1/2 for awhile to compare.
That said, if you are winning at 1/2, you can definitely be a winner at 2/4. Good Luck!

I'm pre-paying for my 6 week old son's college /images/graemlins/laugh.gif

Oh, and a lazy boy (bought) and a 54" DLP (in the works).

[UATrewqaz]

I just let my roll grow for the time when I maybe decide to do it seriously and step up to 2/4 and 3/6.

I have a well paying job so I don't need the money.

[ QUOTE ]
pokers paying for me to go to the world cup this summer, should be fun

[/ QUOTE ]

Cool. Around my house we are conflicted about who to cheer for. We live in Switzerland, my son was born in France, my wife in México, and I'm American. All four countries are in. Anyways, PM me if you'd don't know anyone over here as I am sure my son will be up there for some of the games and all of the party. He'll be 18 by then, so probably close to your age?? He's not interested in Poker at all, just girls, rock'n'roll, beer, and "soccer".

I am planning on seeing how far up I can go in the limits. So no cashouts. I suppose I will eventually get over my head and the TAGs will end up with all my money. I have 10,000 hands under my belt at .50$/1$ and I have just started playing 1$/2$ at Stars under the cover of a bonus.

Hopefully I get good enough to write a book on Poker. I suspect that's where the real money is. /images/graemlins/wink.gif

[adsman]

I bought my season pass with it this year. So every time I go boarding on the mountain it's going to make it twice as sweet that I'm doing it with other peoples money. The rest I use on Columbian nasal spray obviously.

[hustalasta]

I leave about 400BB at the site for my BR. Will do a cashout when it tickles my fancy to do so, somewhere between 400-1000BB. I did use $100 from winnings to purchase a second 21" monitor capable of 1600x1200 resolution.

Plan to use the rest of the money to supplement the Down Payment and Closing Costs on an investment property. Even though I will be cashing out somewhere near $6500 by the end of year, from playing .50/1.00, this does not make much of a dent considereing current housing prices and rising mortgage rates.

[silly_monkey]

Winnings? What winnings?

Seriously though... I leave it in as bankroll so I can move up limits. I'd like to get to at least 3/6.

Also, I'd be careful about taking out more than winrate x number of hands. That +75BB session you had this month is just insurance for the -75BB session you're going to have next month.

[silly_monkey]

[ QUOTE ]
Pay for grad school, invest, and keep my overall finaces in the black.

[/ QUOTE ]

You're paying for grad school?!?!? Get a fellowship and play poker for beer money.

[jaxUp]

[ QUOTE ]
Also, I'd be careful about taking out more than winrate x number of hands. That +75BB session you had this month is just insurance for the -75BB session you're going to have next month.

[/ QUOTE ]

Yes, but as long as you maintain a decent bankroll you'll be fine. If I have 500BB win 75BB and cash it out, I have the same risk of ruin that I had before I won. Independent events.

I keep about 400BB in Neteller. Being the gekk/dork/loser that I am I spend the rest on LOTR and Star Wars statues and also on the Star Wars lightsaber replicas. I can justify this to my gf with the old. "But it's not my money"

However I think I need a new computer so that could be the next thing.

[benkath1]

[ QUOTE ]
I bought a 2001FP (sweeeeeeet). I'm also planning to upgrade my whole computer when I get enough to do that.

Mostly though I just use my winnings to move up and test myself at higher limits.

[/ QUOTE ]

Happy Birthday! /images/graemlins/grin.gif

[benkath1]

I try and keep around $600 in Neteller at the start of every month. I withdraw enough to pay my boat payment, and fund my monthly home game. The rest goes to fun stuff. New computer, nice dinner with the family, toys for daughter and wife.

[TripleH68]

Vacations. Nice vacations.

(I also bought a new computer system with two 2001fp's earlier this year.)

[ QUOTE ]
The rest goes to fun stuff. New computer, nice dinner with the family, toys for daughter and wife.

[/ QUOTE ]

What kind of toys does your wife get? /images/graemlins/wink.gif

[Brain]

I got a 2001FP in February. I may have to get a new laptop soon and I might get a new set of golf clubs. That'll be about it for withdrawals until I get a substantial amount in the BR after beating up 2/4 and 3/6 for a while.

i use my winnings to fund my losings

[Nomad84]

I had a good paying internship for the past two summers, so I have enough money saved up to cover all of my living expenses through the year, plus my Roth IRA contribution, plus leftover money without relying on poker. That allows me to use the poker earnings for nothing but poker related purposes. That includes buying poker books, 2 (cheap used) monitors, and a sweet new computer. The rest goes into growing the bankroll. Oh, and my online winnings also fund my donations at the B&M. I'm hoping it's a "small sample size" issue....

[benkath1]

[ QUOTE ]
[ QUOTE ]
The rest goes to fun stuff. New computer, nice dinner with the family, toys for daughter and wife.

[/ QUOTE ]

What kind of toys does your wife get? /images/graemlins/wink.gif

[/ QUOTE ]

OK, I guess those are for me. /images/graemlins/blush.gif