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About LinkBacksJust wondering what habits people had for taking funds out of their bankroll. Is there a certain amount you take out each time you get to a certain point? Or do you just take out money when you need it? Or do you not cash out... too poor? Too lazy?
I personally haven't taken out any of my $$ yet... I have almost $500 saved up at this point but I'm kinda curious to see how high I can get it.
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Thread: Cashing out...
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11-22-2004 #1Poker Hustler
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Cashing out...
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11-22-2004 #2Poker Hustler
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you are 3 tabling 1/2 stud with $500???
dno about stud but it applies to limit holdem and probably is the same but you should have 300bb in your account for 1 table i think...
anyway its probably a lot smarter to not cash out so early and build up the roll so you are able to make money faster at higher stakes. as you get better you should move up and cashing out doesnt allow you to do this
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11-22-2004 #3Poker Hustler
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Well...
I'm a lot better at stud than my bankroll would suggest... I don't lose money often (especially on PP with fish galore)... 500 is safer than you think.
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11-22-2004 #4Poker Hustler
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this is O/T but it doesnt matter how good you are man lol
its poker...
200bb swings happen all the time to even the best players... use your head man cmon lol
the reason they are good poker players isnt just because they can destroy games at will its also how they manage their money and have a great mindset/mentality for the game
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11-22-2004 #5Check Raiser
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Hey,
I did withdraw over 1k at once, but I had like 43 buyins at that point. When you withdraw over 1k they (PS) fedex's you the cheque for free. --- Which's why I only withdraw 1k+ lol!
Now I'm at a crossroads... Do I move up a NL level to .5/1? Do I withdraw 1k and stay playing .25/.5 NL? Or... Do I withdraw and try to learn limit? I might just keep the money in there and try limit... But I'd imagine it's hard to play serious when you have 2000 big bets.
Cheers,
Mike
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11-22-2004 #6PokerForums God
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Actually you need a minimum of 20 bb's for stud (4 bet cap). not the 12 that yoiu need in HE. Therefore a safe buy-in is at least 40 bb's, and if you want 15 buyins, thats 600 bb's. But since the Standard deviation is less in Stud than in Holdem (from Poker Essays I), you can get away with a smaller proportionate bankroll, so call it 400 bb's.
Also, that 300 bb (or 400 for stud) is what you need to safely ride variance at a certain limit. You don't need 300bbs for EACH buy-in you play with, you just need tha much in total. If you 5 table, varaince will allow for major losses on one table while soften it on others smaller wins, given an adequate win rate and standard deviation.
So as soon as you find your comfort level (limit vs bank), then you can play as many tables at once that you want, as long as it doesnt significantly affect your win rate.Marm is back, maybe. Been off for 3 years. Rusty as Hell.
Luck is a Residue of Design.
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11-23-2004 #7change my title babo
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hmm SD is less in stud than hold-em. Im not disagreeing at all. It does sound correct. Could you post about 2-3 sentences where he explains this?
“There's no sense in being precise when you don't even know what you're talking about.” - John von Neumann
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11-23-2004 #8Poker Hustler
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LOL, well, I would say this vindicates me... only... I used 1/2 games to build it from $150 up to $500. What an idiot I am.
P.S.
Also, I lost a $130 chunk today.
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11-23-2004 #9PokerForums God
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Ahhh.. he spends about 6 chapters in total explain this and supplementary concepts between GAmbling Theory and Essays I. Probably goes deeper into in the later Essays, buit havent read them yet.
Marm is back, maybe. Been off for 3 years. Rusty as Hell.
Luck is a Residue of Design.
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11-23-2004 #10PokerForums God
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Personally I use 100bb's for HE, Im just trying to build quickly, But variance has raised its ugly head too often, so I'm starting to spread out more. But one good run at a lower bank and your set.
Originally Posted by eclinchy
LOL, well, I would say this vindicates me... only... I used 1/2 games to build it from $150 up to $500. What an idiot I am.
P.S.
Also, I lost a $130 chunk today.Marm is back, maybe. Been off for 3 years. Rusty as Hell.
Luck is a Residue of Design.
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