Cashing out after Whoring

[AngryCola]

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So the bottom line is DON'T WORRY ABOUT THE PHONE CALLS, right?

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I wouldn't. They never actually tried to keep your money from you. It's not likely that you will receive these types of calls very often.

The only places you have to worry (a little) about are online casinos. As in, you are exploiting a bonus and playing BJ or video poker. Sometimes certain casinos get a little antsy about players clearing bonuses and cashing out too quickly.

But I've never heard about many problems with poker rooms. The biggest cashout problems you are likely to face will come from sites on the Prima network. Eventually (randomly), they will want you to submit ID and all sorts of other things to get your money. It doesn't happen to everyone, but it does happen.


Still, that has nothing to do with the bonuses. If you do play on Prima, once you have submitted the requested information one time, you will never have to submit it again.

In short, don't worry much about poker rooms calling you. Often times it's just a security check and you have absolutely nothing to fear.

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Would it have made a difference if I was using Neteller?

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Possibly. Neteller cashouts are usually pretty smooth.

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I like the whole idea of building a bank roll, but I almost feel guilty about it.

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You shouldn't. [img]/images/graemlins/smirk.gif[/img]

[richrf]

Bonuses are designed to:

1) Generate cash float for casinos
2) Induce a newbie (a fish) to play more rounds (which increases the rakes and blinds for newbies).

There is zero evidence that it increases winnings for newbies.

Rich

[AncientPC]

What something is designed for and actually used for are two completely different things.

As long as you are a break even or marginally losing player, bonuses will earn you money.

Let's assume standard Pbonus, $100 with 700 raked hand (approximately 1,000 played hands) requirement.

If you play .5/1, you need to be <font color="red">-10BB/100</font> to break even after the bonus. Do you know how bad you have to be to be -10BB/100?

[AngryCola]

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What something is designed for and actually used for are two completely different things.

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Exactly.

[AngryCola]

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There is zero evidence that it increases winnings for newbies

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Please stop saying things like this. You obviously don't know what you're talking about.

There is plenty of "evidence" which supports bonuses increasing winnings for newbies.

It's called math. Maybe you have heard of it?
Would you be willing to show us the math for your theories? Because we have plenty of it to back up ours.

I'm tired of you coming in here and making these bold statements without actually having any clue of what you are talking about. How about you stop trying to prove everyone else wrong, and listen to people who are obviously more knowledgable and experienced than you?

No. You wont do that.

Even if your statements are wrong (in painfully obvious ways), you have to be right.

NOTE-
You say you are here to learn. But all I have seen you do is flat out refuse to listen to anyone with more experience than yourself if you happen to disagree with them.

That's not learning.
It's being ignorant, close-minded, and condescending.

EDIT-
Here is a thread to check out if you are interested in actually learning something:

Homer's Thread

[playersare]

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2) Induce a newbie (a fish) to play more rounds (which increases the rakes and blinds for newbies).
There is zero evidence that it increases winnings for newbies.

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rich,

did you forget all the analysis I posted about bonus structures being able to overcome either the rake and/or blind loss at low limits? that analysis that you said you understood and thanked me for providing you when responding back to the threads they pertained to?

you yourself asked if one could fold every hand and still make a profit using the bonus, and I gave you mathematical proof that it was possible...BUT you'd still make even MORE money using the bonus as a boost to actual solid play in real money games.

getting paid 10-20 cents per raked hand in bonus when the minimum required rake is only 25 cents and you are on average only impacted by actual rake loss on 1 out of every 10 hands that you win...it is virtually impossible to NOT make money on a net basis regardless of the BB/100 skill level of your actual play.

I will admit that I am still playing at a loss between 1 and 2 BB's/100 so far at the $1/2 limit level, but party poker pays me back 3.5-5.0 BB's/100 back in bonus...is that not evidence to you?

I heartedly suggest that you not contribute to the "cashout out after whoring" thread until you have actually cashed out from a whore to begin with.

[AngryCola]

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I heartedly suggest that you not contribute to the "cashout out after whoring" thread until you have actually cashed out from a whore to begin with.

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What a novel idea. [img]/images/graemlins/smirk.gif[/img]

[1C5]

Of course bonuses help new players, take me for example.

Brand new player, never played hold em in my life before a couple weeks ago. (Played a few SnG but never any limit ring games). I couldn't even beat the micro limits with my free $10 at Royal.

So I read WLLH, ITM and now SSH, signed up at Empire, got Pokertracker, got my 20% deposit bonus, went down 80BB ($80 in my first 600 hands. (Told you I was that bad)
Would have probably quit poker but alas, with my bonus I actually made a little money even playing that bad.

Cleared the bonus, then did the 20% deposit bonus, started asking questions in the micro forum, studied SSH and found out I was playing not to lose money, PF raise was like 2%.

Then started playing properly, playing to win, not to not lose and magically my -$80 turned into +$50 in a couple days not even including my 20% bonus. So the bonus gave me a chance to learn how to play basically for free. Now I am playing much more confident and would not feel out of my league playing .5/1 without any bonus. But why do that when I have 5 skins to hit for the same 20% bonus while I further learn the game. [img]/images/graemlins/cool.gif[/img]

[KenProspero]

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There is zero evidence that it increases winnings for newbies.

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Let's say I deposit $100 and get a $20 bonus.

This $20 has either increased my winnings or decreased my losses. Period.

[Rudbaeck]

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There is zero evidence that it increases winnings for newbies.

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I started out with $10 free from RV, all I ever deposited was $20, as that was the min deposit to cash out from RV. From April to July I cashed in more than $2,500 in bonuses, while being a break even 0.5/1-1/2 player the entire time. In July I got SSH and started taking an axe to these games. [img]/images/graemlins/cool.gif[/img]

The crypto room bonuses comes out to $10 per hour per table. I got comfortable 4-tabling pretty early. You make $40 an hour packing groceries?

The more dedicated bonus whores made well over $10,000 in bonuses in 2004, as discussed in several threads on the Internet Forum.

It's up to you to take advantage of the $750+ in recurring bonuses handed out each month. It's free cash on top of any poker winnings.