When To Withdraw

J

JRNorris95

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A few months ago i managed to build my bankroll up to $550. I decided to withdraw my entire balance. I assumed that i could deposit again with some of that money, but a family member needed to borrow the money (I have yet to be repaid).

So for the past month or two I have been playing free rolls with varied results. I had won an MDS ticket, but never cashed. At best my balance had swings as high as $20>$50 *but i had to play high variance to be able to accomplish this*. I think that if I never withdrew I would of had a proper bankroll, and would of been able to make a bit more money.

This past Friday I won an $80+8 OSS satellite ticket from a freeroll. The tournament never registered so today I got credited $88 for it. I gave out $12 to a few people, then turned that $76 into $265. I large portion of this was just by luck. I got a $200 jackpot spin-n-go off $2 and managed to take down 1st for $150.

Now that I have a decent bankroll to fund my playing, I dont want a repeat of what happened last time. I am trying to stick to proper bankroll managment when it comes to tournament buyins... but I have no idea what sort of bankroll managment I should apply towards withdrawals.

I plan on daily transfering money from my balance into a savings to have until I want to withdrawal. Which of the following should I go by:


A) Transfer a fixed amount daily
B) Transfer a % of my total balance
C) Transfer a % of my daily profits
D) A combination of two or more of the above


What % (or fixed) ammount would you reccomend that I transfer out on a daily basis?
 
Gohaku94

Gohaku94

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Well.. the short answer to this is that this is a really really really bad plan (would put more really in there but..).

A. If You transfer a fixed amount daily what could that amount be with a limited bankroll from the begining? 0.50? You have around 100bi for 2.2 tournaments so if you withdraw $2 daily it would be like going to play a tournament knowing for sure that you won't get anything out of it.. daily.. which is really bad for 100bi.

B) this is pretty much same as A, cant think of any difference, You cant find a small enough % to withdraw daily and still have a bankroll after a month.

C) your daily profits (If you play a decent amount daily) will have a minus sign a decent % of the time.. will you deposit money those days? Or how will you make up for losing days if you withdraw the winnings daily?

D) no.

So.. this is my opinion.. think about it and don't think you are .. i was going to say the best but even If You are the best variance exists.. daily.. and you can't beat that even if you are the best. Have monthly targets better.. you can then think about % and stuff like that.. and you will know better at the end of the month how much you will need to go into the next month and be able to play.

Good luck with any decision you will take but don't be mad If it will fail, just change the plan when it fails If it was a bad plan :)
 
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JRNorris95

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Well.. the short answer to this is that this is a really really really bad plan (would put more really in there but..).

A. If You transfer a fixed amount daily what could that amount be with a limited bankroll from the begining? 0.50? You have around 100bi for 2.2 tournaments so if you withdraw $2 daily it would be like going to play a tournament knowing for sure that you won't get anything out of it.. daily.. which is really bad for 100bi.

B) this is pretty much same as A, cant think of any difference, You cant find a small enough % to withdraw daily and still have a bankroll after a month.

C) your daily profits (If you play a decent amount daily) will have a minus sign a decent % of the time.. will you deposit money those days? Or how will you make up for losing days if you withdraw the winnings daily?

D) no.

So.. this is my opinion.. think about it and don't think you are .. i was going to say the best but even If You are the best variance exists.. daily.. and you can't beat that even if you are the best. Have monthly targets better.. you can then think about % and stuff like that.. and you will know better at the end of the month how much you will need to go into the next month and be able to play.

Good luck with any decision you will take but don't be mad If it will fail, just change the plan when it fails If it was a bad plan :)
I would be using my bankroll for as many MTT's a day as I want (as long as the buyin is 1% of my BR)

For example I might consider the following:
$0.50 fixed, 0.25% of my bankroll, and 15% of my profits.

So if I start the day with $300 and end the day with $340, then I would transfer the following into savings: $0.50+$0.85+$6 = $7.15 transfer to savings

I would then have $332.85 at the start of the next day.

If I end the day in negative profit, I will still transfer the fixed amount plus the 0.25% of my bankroll; and mark my profit as contributing $0 towards the daily transfer.

For example if I started the day at $300 and ended at $280, I would only be transfering $1.2 into savings and would start the next day with $278.80

I just randomly made up those %'s, and am hoping for feedback for the best formula. The goal is to establish a system for accumulating money that I can withdrawal without having a drastically negative effect on my bankrolls capability.
 
Gohaku94

Gohaku94

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Seems resonable but still you might not score big for a month or more so your bankroll would just go down slowly. I would wait to have a bigger bankroll for this approach.
Now If you play only 1.1 and 2.2 (You might consider that 0.55 is not worth the time) these tournaments have huge fields always 1k+ unless you play Something else than nlhe.
You can't cash big in those constantly to maintain a daily withdraw playing just 2 limits and not so many tournaments a day.. i think it would be way better to have like a $500 and have 4 limits to play and 3.3, 4.4 with a smaller field and better chance to cash in them. Still not good enough to withdraw daily. (I don't think there is any way that someone could withdraw daily)
 
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JRNorris95

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Seems resonable but still you might not score big for a month or more so your bankroll would just go down slowly. I would wait to have a bigger bankroll for this approach.
Now If you play only 1.1 and 2.2 (You might consider that 0.55 is not worth the time) these tournaments have huge fields always 1k+ unless you play Something else than nlhe.
You can't cash big in those constantly to maintain a daily withdraw playing just 2 limits and not so many tournaments a day.. i think it would be way better to have like a $500 and have 4 limits to play and 3.3, 4.4 with a smaller field and better chance to cash in them. Still not good enough to withdraw daily. (I don't think there is any way that someone could withdraw daily)

Thanks for the advice. I figure the formula will only be taking out around $1 during days where I lose money. The purpose of a forumla is to seperate spending money from poker money. There is no reason why I cant just transfer it back in whenever needed. The purpose is to ensure im never taking money in lump sums out of my bankroll. I need to leave enough profits so that my bankroll can grow, but not to the point where i never withdrawal.
 
This Fish Chums

This Fish Chums

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First, are you talking about withdrawing from the site to your bank account, or setting some aside that you will eventually withdraw. I believe on ACR at least, the min withdrawal is like $50 - $100, so your plan of withdrawing a little here and there would not work.
The second thing to consider is that twice you used the word "lucky". If you are relying on luck to maintain a bankroll then you really need to set a minimum bankroll you are willing to play with (we'll just say $250.00) and then don't withdraw below that amount. The idea being, if you are playing in $2 games, then you would have 100 buyins as a baseline with an extra $50 to account for unlucky days. Then you could allow yourself to withdraw anything over $250 each day. Or you could do a % of anything over $250. The point is to pick a fixed amount that you will never withdraw if you go under it and stick to that rule.
 
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JRNorris95

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First, are you talking about withdrawing from the site to your bank account, or setting some aside that you will eventually withdraw. I believe on ACR at least, the min withdrawal is like $50 - $100, so your plan of withdrawing a little here and there would not work.
The second thing to consider is that twice you used the word "lucky". If you are relying on luck to maintain a bankroll then you really need to set a minimum bankroll you are willing to play with (we'll just say $250.00) and then don't withdraw below that amount. The idea being, if you are playing in $2 games, then you would have 100 buyins as a baseline with an extra $50 to account for unlucky days. Then you could allow yourself to withdraw anything over $250 each day. Or you could do a % of anything over $250. The point is to pick a fixed amount that you will never withdraw if you go under it and stick to that rule.

I would slowly be accumulating the funds in my segregated sports betting balance. Because I wont betting on sports, the wallet will act as a savings until I.want to withdrawal it.
 
8bod8

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given:
- profitable player
- buy in x=1% of bankRoll

In case you are happy with the x% stakes, you can remove any amount over 100*x at any time.
While you want to grow, remove any y% you like from the amount over 100*x. The remainder becomes your new 100*x.

Example (monthly):
assume: y=50%
1st of month: bankroll = 200$
so: x=2$
31st of month: bankroll = 200*x=400$
transfer 50% of (400-200) = 100$
next month:
1st of month: bankroll = (400 - 100) = 300$
so: x=3$

So: if you increase y, x rises slower, until the extreme y=100 where x remains constant

It does not matter if you do this daily, monthly, yearly; but it may de pend on limits and xFer cost.

If you would loose in a given month, what do you plan to do?:
- keep x constant
- reduce x
 
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