a question out of curiosity...
 

what are your systems for cashing out? i find myself torn b/w wanting to move up in limits and needing the money, well...to live/do things. i just cashed out again for a grand and it really sucks b/c i feel like i can never move up in limits if i keep cashing out every month. anyone have any good systems that allow them to cash out while still moving up in limits at a decent rate?

Re: a question out of curiosity...
 

play more hands. win more money. cash out money for booze, drugs and hookers. move up in stakes with the help of extra winnings. repeat.

Re: a question out of curiosity...
 

[ QUOTE ]
cash out money for booze, drugs and hookers.

[/ QUOTE ]

WORD

Re: a question out of curiosity...
 

Cash out half your profit at regular intervals (hopefully long enough ones that you will be up over the course of one unit the vast majority of the time, like a month or 20K hands or whatever). The other half goes towards building your bankroll for the next biggest game.

Re: a question out of curiosity...
 

[ QUOTE ]
play more hands. win more money. cash out money for booze, drugs and hookers. move up in stakes with the help of extra winnings. repeat.

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hahaha but if i cash it out how can i move up?

Re: a question out of curiosity...
 

This is a problem I have as well. It never fails, as soon as I begin thinking about moving up some financial emergency hits and I'm forced to withdraw a significant portion of my BR. This last time it actually forced me to move down in stakes for awhile, guess more experience never hurts. Of course the alternative would have been much worse, long live poker!!! JMO

Re: a question out of curiosity...
 

assuming you play 15k hands per month and you cash out your winnings at the end of each month. also, assume that you have a 10bb/100 winrate. if you bump the number of hands you play to 25k then you win 1000bb more per month. assuming you keep a bankroll of 30 buyins, the 10 extra buyins you make allows you to move up to the next level with 20 buyins. adjust numbers accordingly.

Re: a question out of curiosity...
 

in general my policy has been not to touch it until i reach the game where i want to make money, then i cash out 3/4 of my profit over a certain period of time.

for example, i didn't cash out any of my 200NL winnings while moving up to 400NL, and then i stayed there fore a while until i decided it was dumb for me not to move up to 1000NL.

doubling one's bankroll to move up a "step", assuming ~10BB/100 and 20 buyin BR = 2000*100/10 = ~20K hands which is no small feat, but isn't impossible to do in two weeks either.

fim

Re: a question out of curiosity...
 

you're already up to 1000nl? Weren't you just at 100/200nl? or am i making this up?

Re: a question out of curiosity...
 

I dont cash out. But I have a good job so I don't need the money. And I want to move up as quickly as possible.

Re: a question out of curiosity...
 

I keep 400 BB for whatever game I play in my account minimum. I treat that money like it is not available to me. If you need more money get a job to pay expenses then let your poker money grow as a seperate fund.

Re: a question out of curiosity...
 

[ QUOTE ]
I keep 400 BB for whatever game I play in my account minimum. I treat that money like it is not available to me. If you need more money get a job to pay expenses then let your poker money grow as a seperate fund.

[/ QUOTE ]

you're too short

Re: a question out of curiosity...
 

[ QUOTE ]
you're already up to 1000nl?

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have been for a while now

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Weren't you just at 100/200nl? or am i making this up?

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i took about a 6 month hiatus from online poker to finish college and enjoy myself. when i left, i was playing 100 and 200NL but was almost adequately bankrolled for $1KNL. before i hand't the time or desire to study enough to beat the 1K game.

when i got back, i played 100 and 200 to get back into things (after playing only live for so long) and then moved to 400 6max where i played until a 2+2'er brought me into a good 1K game, where i've been on a bit of a heater.

fim

Re: a question out of curiosity...
 

[ QUOTE ]
I keep 400 BB for whatever game I play in my account minimum. I treat that money like it is not available to me. If you need more money get a job to pay expenses then let your poker money grow as a seperate fund.

[/ QUOTE ]

i make more money than my buddies do in their jobs.

Re: a question out of curiosity...
 

[ QUOTE ]

i took about a 6 month hiatus from online poker to finish college and enjoy myself. when i left, i was playing 100 and 200NL but was almost adequately bankrolled for $1KNL. before i hand't the time or desire to study enough to beat the 1K game.

[/ QUOTE ]

i'm thinking of doing something very similar to this, except i might take the entire year off.

Re: a question out of curiosity...
 

Good thread. I have been thinking about this some time myself.I havent had any sort of coherent plan when it comes to cashing out. Ive played several forms of online poker to included stud, stud 8/b, limit and no limit holdem, and omaha 8/b. Ive been a winner at all of them, except for a nasty run at 1/2 limit 6-max, a stretch of variance about which I still have nightmares. [img]/images/graemlins/smile.gif[/img] Basically, I cashed out when I wanted to buy something nice for my wife or kids. However, I have decided I am losing money by not moving up in stakes faster and so I think I am going to make a serious push up in stakes and not touch my money until I am at a level where I feel like I take a break for a while. But I will definitely revist this thread when I get to a point where I feel like slowing down and spending some of my earnings.

Re: a question out of curiosity...
 

[ QUOTE ]
I dont cash out. But I have a good job so I don't need the money. And I want to move up as quickly as possible.

[/ QUOTE ]

Re: a question out of curiosity...
 

I cash out 1/6 of every month's net gain and give it to the house (wife). Helps pay the bills & stuff. It's just a little extra juice though. We both have good jobs.

in conclusion...
 

i've been thinking about this, and i've decided that i'll play at the stakes in which i feel most comfortable having losing days--ie-if i get stuck in a night, can i still go on living my life as if it didn't happen? for example, last semester i worked my bankroll up to one that was adequate for NL600, but when i had my first downswing i was definitely not mentally prepared for it. after dropping 3 grand in a night i didn't exactly feel like going out with my buddies or writing a paper.

thus, i've decided to cash out down to 2200 and just play NL100. everytime i reach 2600 (hopefully every weekend), i'll cash out back to 2200. moving up in stakes is no longer a priority; i need the money. the day i became a better player was the day i stopped playing for the rush; if i make 800 in a night i'm not that excited, and if i lose 500, it doesn't effect me. however, looking at poker as a job sort of takes the fun out of it for me; it no longer seems like a hobby. i'm considering quitting.

thanks for the thoughts guys.