Cashout Strategy???

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Mr_Nuisance

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Hello All!

I just wanted to drop a quick question for the community, as I am not too familiar with a lot of people's style of maintaining a bankroll and deciding when is the correct time to cashout any earnings. For the most part, it seems that people who are playing professionally cashout enough to pay any expenses and bills that they have, but for someone who is currently recreationally playing but wants to possibly one day become pro, what is a good cashout strategy to ensure that I am playing within my skill level and that I don't jump stakes too quickly? Should I aim to withdrawal a certain amount everytime I am profitable in a cash game or tournament? Would love to hear people's opinions and how they personally cashout their earnings!
 
greatgame230

greatgame230

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I have a limit in the bankroll when the accumulated money passes that limit I make a withdrawal except that on occasions for different economic reasons I made a withdrawal but that has rarely happened
 
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luan466

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Hello All!

I just wanted to drop a quick question for the community, as I am not too familiar with a lot of people's style of maintaining a bankroll and deciding when is the correct time to cashout any earnings. For the most part, it seems that people who are playing professionally cashout enough to pay any expenses and bills that they have, but for someone who is currently recreationally playing but wants to possibly one day become pro, what is a good cashout strategy to ensure that I am playing within my skill level and that I don't jump stakes too quickly? Should I aim to withdrawal a certain amount everytime I am profitable in a cash game or tournament? Would love to hear people's opinions and how they personally cashout their earnings!
Personally, i think is good make a little cash out when you win some good money in one day(on tournaments of course), because i think we will stay focus and really calm in that moment, even if you lost after this, because you already have a money for you out of the game. many times i´ve made this.
its my opnion
 
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Mr_Nuisance

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I have a limit in the bankroll when the accumulated money passes that limit I make a withdrawal except that on occasions for different economic reasons I made a withdrawal but that has rarely happened


Does this limit stay consistent? If you have a downswing do you adjust to it? I looked up someone's strategy in which they cash out a certain amount of money based on their volume, not just their results. For me right now, I don't have near the bankroll size to be worrying about cashing out, but once I manage to grow it a little I don't want to keep reinvesting ALL my winnings back into it. :D
 
joeisi

joeisi

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I have bankroll checkpoints for me normally around twice a week. I don't play ring games only mtt and sng but I do think my plans are adaptable to ring game players.

I do not keep all my bankroll on one poker site or all my bankroll on poker sites. Sometimes I chase loses when I tilt so it is for my bankroll protection. I have a nice free way via ewallets to easily store funds off site.

So let's say I plan to play $2 buy in games I keep my bank at $200 (100 buyins). So I play my games. At the checkpoint I put my bank back at $200. This would involve either topping up if I am loosing or withdrawing if I make profit.

Some sort of strategy so is best I find. Sometimes I vary the buyin amount like 40 buy ins. Sometimes I do it by number of games. Sometimes I list out the games I plan to play for next 3 days and only deposit buy ins for that only. Whichever one I do I try to have the checkpoints twice a week and try to have some planning on what I will play in the short term.

Even if my poker bankroll is really small I still try to keep some offsite. So let's say I only have $50 in total. I play with $30 and keep $20 offsite. This way I always have a way to start back if a bad run gets me. Starting from zero is extremely hard and frustrating. Also knowing you have a back up plan can give you piece of mind when playing to make right decision instead of playing cautious/scared looking to cash.

Best of luck
 
Deedgee

Deedgee

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Making a successful cash withdrawal through an online site is an important barrier for any player to cross. Needless to say, with most sites, it's a lot easier to deposit than it is to withdraw. Until you make a withdrawal, until the money gets to you, nothing is real.
 
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ph_il

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my transfer strategy is a bit aggressive because i don't plan on playing over the $1 buy-in mtts. to clarify, i say transfer because that's what i transfer out of my poker bankroll into my sports bankroll (on bol) to be cashed out once i hit a certain amount.

every month, i take whatever profit i have and split it in 2. half remains in my bankroll for the new month and the other have goes into my sports bankroll. if i don't have any profits for the month, i transfer $1.10 into my sports bankroll just so i'm paying myself a little something for playing.

as mentioned, i don't plan on ever moving up in stakes so, at the start of a new month, if my remaining profit in my poker bankroll is over over $110, i transfer the extra amount out. note that i only do transfers at the start of the month, so if i'm over $110 while in my current month, i don't worry about it. if i have enough in my bankroll, i might take shots at $2 mtts to try and increase my transfer, but it's more of an opportunity to do so than it is a goal.
 
tihomir_kula

tihomir_kula

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I have a strange solution.When I have more than 20$ I always do withdrawal to prevent my bankroll from myself.
 
ADRI7HO

ADRI7HO

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I think you first need to decide what stake you want to be profitable at. Because you can be profitable at micro stakes just not that much profit. It makes sense that as you level up, their proportions will change. Because if you want to be a high stacks poker player there, you need to swell your bankroll properly. I can’t tell you the odds for a cash game, but in tournament poker, maybe a hundred times your seat is good to have. If you play in tournaments over 1000 starters, you will need a lot more buy-in money from 100.
But of course if you’re a very good poker player and your numbers are good too, fewer buy-ins may be enough to level up and win.
 
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Mr_Nuisance

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I love seeing the replies, it seems like many people in here like to set a certain limit of what they have in their bankroll and then like to cashout any money that is over that threshold. I definitely want to see if there is a way to know when to make adjustments to such a threshold so that I can continue to raise stakes as I get better with my play.
 
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ph_il

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I love seeing the replies, it seems like many people in here like to set a certain limit of what they have in their bankroll and then like to cashout any money that is over that threshold. I definitely want to see if there is a way to know when to make adjustments to such a threshold so that I can continue to raise stakes as I get better with my play.
pay yourself less.

if you have a profitable month, pay yourself 20-25% of the profit and keep the rest in you bankroll. if you don't profit, pay yourself 5% of your total buy-in for the month.
 
rj_montana

rj_montana

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Personally I withdraw my balance when I exceed a few hundred dollars, leave about $25-50 in the account, and then rinse and repeat. By using this strategy I never truly move up in limits, but I am a recreational player and this works fine for my needs
 
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freestocks

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I say withdraw often. Count your money in chicken wings. There aint no thing but a chicken wing.
 
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1nsomn1a

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Hi, I usually leave the winnings for a month in stock, that is, when you already consistently play a certain limit and make a profit, just withdraw it with a delay of one month, so you will always have a cash balance in case of an emergency, and in the case of a black band, you can hold out.:)
 
ASMautoneJr

ASMautoneJr

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Hello All!

I just wanted to drop a quick question for the community, as I am not too familiar with a lot of people's style of maintaining a bankroll and deciding when is the correct time to cashout any earnings. For the most part, it seems that people who are playing professionally cashout enough to pay any expenses and bills that they have, but for someone who is currently recreationally playing but wants to possibly one day become pro, what is a good cashout strategy to ensure that I am playing within my skill level and that I don't jump stakes too quickly? Should I aim to withdrawal a certain amount everytime I am profitable in a cash game or tournament? Would love to hear people's opinions and how they personally cashout their earnings!

do the calculations per week, keep an amount x in cash, and every week what is greater than x is profit and make the withdrawal!

:dancing2:
 
Luan

Luan

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good usually i always take 20% to 30% of my profit which gives good money although i am not a professional i use the withdrawal money more for fun so no and every time i withdraw, i only when i need to For fun I withdraw 20% of the value of my bankroll, I live in brazil so if I withdraw $ 100 here I already have fun for 2 days. That is why poker stops in Brazil and is profitable. !
 
greatgame230

greatgame230

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Does this limit stay consistent? If you have a downswing do you adjust to it? I looked up someone's strategy in which they cash out a certain amount of money based on their volume, not just their results. For me right now, I don't have near the bankroll size to be worrying about cashing out, but once I manage to grow it a little I don't want to keep reinvesting ALL my winnings back into it. :D
you always have to make adjustments to manage the bankroll
 
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neptun1914

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I have not won enough to be able to cashout effectively but wise move would be to retain enough to continue playing at your current level following good bankroll management rules and withdraw what is left if it is enough to worth bothering.
 
MAGICUZ

MAGICUZ

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I withdraw any amount of money that exceeds 200 dollars.It all depends on my needs, sometimes I don’t take money.But it happens that I lower the whole bankrol) then I really regret that I didn't withdraw money on time
 
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Chaskyweed05

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Hello! What I do is only deposit the money that I know I can lose, and when I reach a multiple of 10 I begin to withdraw the deposit. Good fumes !!
 
ringworm

ringworm

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I usually keep around 10 buyins in the poker client, and the remaining (90 buyins) in my bitcoin account. I find it also helps moving money back and forth between my bitcoin account and my poker client to keep active bonuses.
 
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tigervball

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I have a limit in the bankroll when the accumulated money passes that limit I make a withdrawal except that on occasions for different economic reasons I made a withdrawal but that has rarely happened


That is my strategy as well! Try to maintain a consistent bankroll and withdraw anything over and above that especially when playing recreationally. Take out a little extra pocket cash! Lol
 
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tigervball

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That is my strategy as well! Try to maintain a consistent bankroll and withdraw anything over and above that especially when playing recreationally. Take out a little extra pocket cash! Lol


Sorry, just to add to this. I guess if you were serious and building to get better and play in bigger games, you could leave extra in. Set a goal for the increase in buy ins that you will have to cover and leave extra money in your bankroll accordingly. Hope that helps! That’s my approach anyway.
 
elizeuof

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There are some tips, in accord to the style of your game and your abilities.

I advice you to see this image, and after this we can talk a little about strategies.
stairway.jpg

stairway.jpg

http://2.bp.blogspot.com/_5vVaB7AgEx8/SRZ69MIp0RI/AAAAAAAAABQ/Hgs0wYGzSsM/s1600-h/stairway.jpg

Reply me with what the style of poker you prefer to play, and the limit, and what are your target to cashout, will be more easy to trace a route.

I'm sorry, I was unable to insert the image into the text, there was an error, so I put her address.
I believe that there is the same image here on the forum, but in a quick search I couldn't find it.
 
H

Hirons

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If you’re looking to go pro, don’t cash out at all. You want to build your bankroll for at least 30-50 buy ins for cash games or 100-300 for tournaments and then at least one year and preferably two years of living expenses on top. Until your bankroll is there, don’t cash out at all.
 
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