R
RamdeeBen
Legend
Silver Level
Hello all.
Just got me thinking when iv been reading about bankroll management and starting out then gradully building a bankroll how you then progress to higher stake tournaments when you have the funds to do so.
My question is for people who play it as either fulltime income to pay their bills or even just a second job and part income.
When would you determine to withdraw any winnings accumlated from playing? I say this because many people say you must continue just building your bankroll and as say for example someone started with $100 and over time they got a bankroll of like 20k, by this point they will of upped their game and decided to play higher stake tournaments. Obviously there is going to be a point where someone wants to treat themselves to something and buy maybe a car or holiday or whatever and say for example withdraw half their money. Would you then just drop down stakes again? It seems quite a painful thing to do..
The other example, a top high stake tournament player who has a bankroll of 100k and needs to pay their bills every month. Do you just withdraw a standard wage or what? Then drop down in stakes to accommodate it?
I can actually only see people who are multi millionaires (which cant be many) who would be able to live a good life outside of poker by being able to pay their bills, have holidays, buy a new car and still be able to afford the big stake buy-ins.
Any views on this would be good, thanks.
Just got me thinking when iv been reading about bankroll management and starting out then gradully building a bankroll how you then progress to higher stake tournaments when you have the funds to do so.
My question is for people who play it as either fulltime income to pay their bills or even just a second job and part income.
When would you determine to withdraw any winnings accumlated from playing? I say this because many people say you must continue just building your bankroll and as say for example someone started with $100 and over time they got a bankroll of like 20k, by this point they will of upped their game and decided to play higher stake tournaments. Obviously there is going to be a point where someone wants to treat themselves to something and buy maybe a car or holiday or whatever and say for example withdraw half their money. Would you then just drop down stakes again? It seems quite a painful thing to do..
The other example, a top high stake tournament player who has a bankroll of 100k and needs to pay their bills every month. Do you just withdraw a standard wage or what? Then drop down in stakes to accommodate it?
I can actually only see people who are multi millionaires (which cant be many) who would be able to live a good life outside of poker by being able to pay their bills, have holidays, buy a new car and still be able to afford the big stake buy-ins.
Any views on this would be good, thanks.