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Online Winnings

soadwes

soadwes

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On average, how much do you withdraw a month from online poker? Or withdraw in a 3 or 6 month period...

I'll start with saying i will make about $50-100 in a month (working on increasing this as we speak, but aren't we all?)... just curious what kind of money the cardschat members are making!
 
beardyian

beardyian

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Last couple of months the total is slowly rising each time :)

$200 and on course for just over $300 this month - which is nice :)

IanT
 
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chicubs1616

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i don't withdraw it

I am currently working on setting up my NetTeller account so I don't have to leave it all in one site and I can start to "bonus-whore" at various sites.

If you continuously withdraw $, your bankroll must be taking quite a hit. All the money I win from poker stays in my bankroll unless I ever hit a big score (1K or higher), but I haven't been playing at the limits where that is attainable long enough.
 
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xdmanx007

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TOTALLY depends on what you are trying to accomplish. If you are comfortable playing low stakes with no real intention of moving up set a limit on your bankroll and then when you over that spend a bit. My roll is kept in neteller and whenever I get significantly above my limit I take out some loot. I only keep a couple hundred at a time in a site I like my money to be safe in Neteller
 
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xdmanx007

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Cubbies you need any help with Neteller let me know bro been using it for a couple years now
 
F Paulsson

F Paulsson

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I'm not currently withdrawing, as I'm re-building my bankroll (I stopped playing a little over a year ago, and just got back in the game in July). When/if I reach the point I used to be, I'll be withdrawing about $100-$200 per month. But dman is right, how much you withdraw should depend on what your goal is; if you're happy with the limits you're at, then go ahead and cash out your winnings (many recommend keeping a bankroll that puts you at about 300-500 big bets of your limit).

If you want to reach higher limits, then let it sit and build itself up.

If you're somewhat inexperienced (and not yet sure where your comfort-limit lies), then I'd recommend this:

Let's say you start playing at $.25/$.50 tables. You should aim to have about $150 in your bankroll, and work yourself up to at least $300 before moving up to $.50/$1. If this is the first time you're moving up, I can recommend cashing out 50% of your earnings, to accomplish two things:

1. You get more experience before moving up. Experience is completely invaluable, and the more hands you play, the better. I think most will agree with me on that one.
2. You get to reap some rewards for your work. A suggestion for what to do with the (relatively small) cash out is to buy yourself a poker book. :)

So for every $100 you increase your bankroll with, withdraw $50. It'll take you a while longer to reach the next limit, but if you're a winning player you'll still get there - and if you're not a winning player, perhaps it's not time for you to move up anyway. This way, if you do move up in limits and take some beating and realize that you need to move back down, you can still smile about the cash outs you've made.

Also, it's a nice feeling to have something to show for the hours you put in other than a number on the screen. If you're married or live with someone, it also tends to make them more understanding if you can show that there's a gain other than your personal enjoyment of the game. ;) Your mileage may vary on that one, though...
 
beardyian

beardyian

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Anyone else keep a spreadsheet on how much they win / lose :)mad:)

I started it after a few months of playing and wondered just how much i may be winning or not.

Also its a good way of knowing at a glance how much you have at any one site.

I do the usual red for a days loss and bold for a win and of course too much red = a bad run :(.

Totals at the bottom and theres your bankroll total, along with little extras such as monthly +/- so far and average daily etc. and i find out just how my game is going over time.

IanT





 
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alext

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I never win online :frown:
Think its impossible for me. :frown:
 
F Paulsson

F Paulsson

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I keep a spreadsheet like that, yeah. I do it a little bit differently from you, though: I write down the +/- and the tables I have played when I get up and leave (to compile statistics for different sites, stakes etc. I know I should buy PokerTracker, but I haven't gotten there yet!) I have a week-to-week bankroll update, instead of a per-day. I find that it helps me focus more long-term and not get upset about what happened earlier tonight - not that one week is long term by any stretch of the imagination, but it's better for me than doing it daily.

At some later point, I'll switch to a month-to-month bankroll update, and include cash outs, but right now I'm interested in seeing how I progress weekly.
 
soadwes

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Well I just started keeping a spreadsheet of my bankroll about a week ago, and I think it helps out a bunch. Before, I was withdrawing 50 or 100 dollars when my bankroll would hit about 200 and continue playing at the same limits... I feel that I am comfortable now at .25/.50 and decided this time, I'm going to increase my bankroll to about $400 and move up to the .50/1.00 blinds. I think I will start withdrawing money again once I start making a profit and staying at the .50/1.00 blinds untill I'm comfortable enough at that level to stop withdrawing again and build my bankroll up to move to the next level... $1/$2!!! I figure this is the best strategy for me, and I'm taking it real slow. I am making a commitment to never make a deposit again. Maybe i should build my bankroll a bit higher to be on the safe side before I jump into .50/1.00... I have never played at that level, and want to make sure I can take a few hits and still have money to move back down if i have to. Anyone have comments/suggestions to my plan?
 
F Paulsson

F Paulsson

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I think your plan looks solid. If you enter the $.50/$1 tables with a $400 bankroll, you will be able to play quite a few hands before dropping down so low that you feel that you have to step down in limits again (I'd set that limit at $300 or so). With the basic idea that you have of how you want to progress, I think you can feel fairly safe that you won't have to redeposit, as long as you're willing to step down a level if things take a really ugly turn.
 
tenbob

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Ive cashed out once since i started keeping proper records in early May this year. I paid for myself and KillerKats ski holdiay approx 2grand. This came 50/50 from my live bankroll and online bankroll.
The next target is a holiday in Vegas and a few buy-in for a few of the tourneys over there. Im giving myself a year for that one. Not doing too bad either at the minute.
 
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AK Slick

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I agree that is a solid plan. I typically recommend 2.5 to 3 times the max table stakes. So for your .5/$1, that would be $250 to $300 minimum. I think the max you would need would be 5x the stakes.

I have had many days where I was playing pretty good poker, and dumped 2 times the stakes per table. That's pretty easy to do with NL and taking a couple of beats. Statistically, I knew if I kept playing solid poker that my result would change. I needed the remaining roll to play until that happened. It almost always does, and I rarely finish a session now with a loss despite being down significantly at points. Of course, sometimes it takes several hours to accomplish this.

I think that too many people quit when they are losing. As long as you are playing well, you should keep playing. That will also enable you to play through the tilt stage that is almost inevitable due to taking beats.
 
soadwes

soadwes

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If you play at multiple sites, do you add all of your accounts together to calculate your bankroll? I've been playing on just one site, till recently joining Titan (mainly for the cardschat events).
 
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colin_147

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tenbob said:
Ive cashed out once since i started keeping proper records in early May this year. I paid for myself and KillerKats ski holdiay approx 2grand. This came 50/50 from my live bankroll and online bankroll.
The next target is a holiday in Vegas and a few buy-in for a few of the tourneys over there. Im giving myself a year for that one. Not doing too bad either at the minute.

Very well done.

Where in ireland do u play, sothern or Northern?
 
F Paulsson

F Paulsson

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soadwes said:
If you play at multiple sites, do you add all of your accounts together to calculate your bankroll? I've been playing on just one site, till recently joining Titan (mainly for the cardschat events).
Yes, I think of my bankroll as the sum of the different sites. However, this should be done with some caution, because while you can still "afford to lose" with the safety of your bankroll, you might not be able to lose and keep playing (which is sometimes the correct thing to do) at the same table. But since the size of my bankroll is more of a measurement of how I'm doing right now, than a matter of which limit to play, I consider it the sum of the pieces.
 
tenbob

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colin_147 said:
Very well done.

Where in Ireland do u play, sothern or Northern?

Cheers Colin, I play in sothern Ireland, in Co.Mayo to be precise. The live games i play are mainly bar games, regular monday nights the odd thursday night, and most sunday afternoons.

The games vary from 10euro buy in to 50euro but the competition is soft enough. STT style with the winner getting the majority of the prize pool. Play the odd home game but i rarely get invited anymore (;) ) have one on sunday so hopefully this might change things, have to go and lose some.
 
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chicubs1616

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Anyone else keep a spreadsheet on how much they win / lose

I keep a spreadsheet of my MTT and SNG progress. I don't play a lot of cash games anymore. I have sepreate sheets for MTTs and SNGs. They are very useful to track ROI and ITM % as well as total +/-. They are fairly easy to set up (I just use Microsoft Excel). Also, they give you a good indication on how your play is...however in order to get a true estimate of your play your sample size needs to be HUGE (5000 SNGs...no joke). I am not even remotely close to this # to get a true long-term value for my numbers, but at least I have a start.
 
soadwes

soadwes

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Well i've taken a turn for the worst and lost aprox $60 past 2 days... dropped my bankroll down to $40. I guess I'm going to have to drop down to .05/.10 and .10/.20 till I can even play at .25/.50 again.... I'm serious about not having to make another deposit! This is not what I expected to happen at all, but I know the cards can go cold at any point in my game. This is a great example of why you play at tables where your bankroll is 300x big blind. I'm confident I can work my way back up, just a minor set back.
 
luckyfish98

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my goal is to win at least $5000 in poker games per month and this is really only possible with a well developed game
 
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