December summary: all live and online tournaments

[pokerstudAA]

Because we are sharing......

What kind of dedicated bankroll do you keep for playing online? What about playing live? What kind of bankroll would you recommend for playing 200+15 tourneys? How about 15K tourneys?

What kind of system do you use to take money out of your bankroll to pay your living expenses? Are you filing as a pro in 2005?

Good luck in the new year!

[sirio11]

The bankroll of course depends on how good of a player you are, if you have additional income and the level of your general expenses. For these kind of questions I advise you to read Gambling Theory by Mason Malmuth.

I basically keep all the money I won as my poker bankroll, and cash out as needed for family expenses; but I used to have a 2nd job as University Professor; beginning 2006 there will be some changes with the money management for sure.

[scott8]

David,

Great reports. You are one of the few reasons I still frequent this board.

Good luck in the future,

Scott