Online money management/bankroll

AZK · #1 07-14-2005, 10:29 PM

This is a spark off another thread, I used to play online to kill time rather than seriously, so I never really worried about money on site. I have since become much more serious. After getting my account locked with a good portion of my total roll on site (it was later reopened), I've realized the need to manage my money better. I primarily a NL player, so we go buy buyins rather than 300xBB or whatever.

What do most of you do to prevent having a considerable amount of money on one site? Keep 5 buyins on site and the rest in neteller? Multiple sites? Off neteller and in an actual bank... etc...

With live poker, it was always easy: sock drawer or casino box, online it's a little harder for me. Thanks.

Toddster18 · #2 07-14-2005, 10:43 PM

[ QUOTE ]
This is a spark off another thread, I used to play online to kill time rather than seriously, so I never really worried about money on site. I have since become much more serious. After getting my account locked with a good portion of my total roll on site (it was later reopened), I've realized the need to manage my money better. I primarily a NL player, so we go buy buyins rather than 300xBB or whatever.

What do most of you do to prevent having a considerable amount of money on one site? Keep 5 buyins on site and the rest in neteller? Multiple sites? Off neteller and in an actual bank... etc...

With live poker, it was always easy: sock drawer or casino box, online it's a little harder for me. Thanks.

[/ QUOTE ]

I try to keep about 8 buy-ins per site that I am frequently playing on (4-tabling on), and keep the rest in neteller. When the balance gets uneccessarily high on any given site, pop it into neteller.

-Todd

grouchie · #3 07-14-2005, 10:51 PM

i pretty much put about 8-10 buy ins on the site I am currently playing. The rest in sitting in netteller currently.

When my roll gets large enough, then I will transfer some to ING or Emigrant and let it build up some interest, but currently there is no need for that as i'm just a small stake bonus whoring putz who is trying to do better than break even.

TheMetetron · #4 07-14-2005, 11:03 PM

My current bankroll is around $30,000.

About $8,000 of that is tied up in casinos.

About $3,000 of that is on poker sites for $5/10 SH.

About $9,000 of that is sitting in Neteller.

And about $10,000 is in ING Direct and/or cash.

Hope that helps.

TheHammer24 · #5 07-14-2005, 11:44 PM

My bankroll is generally tied up in various sites. I keep about 7 buyins persite. I send it to NETeller when I'm done. And take it from NETeller to my Checking account when NETeller builds. From Checking to Savings.

BigF · #6 07-14-2005, 11:48 PM

[ QUOTE ]
My current bankroll is around $30,000.

About $8,000 of that is tied up in casinos.

About $3,000 of that is on poker sites for $5/10 SH.

About $9,000 of that is sitting in Neteller.

And about $10,000 is in ING Direct and/or cash.

Hope that helps.

[/ QUOTE ]

I don't understand why you leave 9 grand in Neteller. 2 grand should be more than enough for bonus whoring.

TheMetetron · #7 07-14-2005, 11:52 PM

Just got paid by a bunch of casinos, I'm going to cash some of that out to cash, like to leave at least 5k in there for bonuses that may pop up at a moments notice.

Nigel · #8 07-14-2005, 11:59 PM

How can bonus whoring even be worth it with a $30k bankroll and a good rakeback deal?

Nigel

Alex/Mugaaz · #9 07-15-2005, 12:03 AM

I keep 15 buyins in on the site.

TheMetetron · #10 07-15-2005, 12:06 AM

[ QUOTE ]
How can bonus whoring even be worth it with a $30k bankroll and a good rakeback deal?

Nigel

[/ QUOTE ]

You obviously haven't seen the way I bonus whore.

Last month was $9,000. Up to $3,000 this month. And I've been doing this for at least 6 months now... and no I don't have gnomes.

I don't whore full time, but I do get an hour or two in a day. It's a good distraction and I do it by using very large bets which cuts down the time and inceases EV. I can handle the variance.