Bankroll Withdrawals

CLIOKID

How do you regs manage your bankroll withdrawals?

At the moment I'm probably playing below my roll. Playing 25/50p when I'm probably more rolled for 50/1 but I still prefer to play 50nl most of the time, taking the odd shot on 50/1 when I see a soft table.

Do you set targets for withdrawals for lump sums? Make regular withdrawals? I'm not sure what the best policy is.

I've withdrawn pretty much my whole roll 3 times this year and built it up again from very little, not sure whether to make another lump withdrawal or just keep the money in and make withdrawals when it reaches certain landmarks etc.

Any advice appreciated.

YoungUn

I don't manage my bankroll withdrawals because I never make any.

I wonder if that's a hint...

RichiSwift

I have a set balance which I use as my playing bankroll......e.g. £25
Once my balance goes over that mark, after a few wins, e.g to £60, i then withdraw £45 leaving my bankroll balance at £25. That's how I do it, but it's different for everyone.

CLIOKID

In Response to Re: Bankroll Withdrawals:

I don't manage my bankroll withdrawals because I never make any. I wonder if that's a hint...
Posted by YoungUn

Not quite sure what you mean by that?

RichiSwift

In Response to Re: Bankroll Withdrawals:

I have a set balance which I use as my playing bankroll......e.g. £25 Once my balance goes over that mark, after a few wins, e.g to £60, i then withdraw £45 leaving my bankroll balance at £25. That's how I do it, but it's different for everyone.
Posted by RichiSwift

Ooops! hold on......£25 +£45 = £70 not £60

I meant withdraw £35

MereNovice

Bankroll management is a matter for personal preference, I reckon.
The key is to keep records of winnings/losses independently of the amount that you keep in your poker account.
Personally, I feel that there is very little point in keeping more than you need to play in your poker account.
It's not earning interest in your poker account, is it? Although it could be argued that it would be earning s0d all interest anywhere else in the current economic climate. :-)
Since Sky deals in pounds sterling, there's no issue about speculating on the £/$ exchange rate either!
If you're seriously multi-tabling then you need to keep a bigger amount available to fund your buy-ins.
I tend to withdraw half my account when I double the amount that I think is reasonable to support the level that I play.
As it's a simple matter of a couple of clicks to withdraw/deposit and there is no charge, it's a simple decision.

Hope this helps - just my opinion, obviously.

annie_duke

I keep mine in a separate interest-earning "poker" account so I know exactly where I stand - leave just enough on here to play with

Darlomike

i would suggest that you keep the amount you need to play.

normally you only put 5% of your bankroll on a table at one given time, and leave if you have more than 10% on the table etc.

so if you are playing that way then 5% of 100 is £5 on a table at one time etc.

most of the time you always play the maximum allowed on the table, but i don't know how you play it.

so i would say whatever you normally start with on a table multiply that by 20 and keep that bankroll and send the rest back to your account.

sorry if i waffled a bit.

OMahonyO

In Response to Re: Bankroll Withdrawals:

In Response to Re: Bankroll Withdrawals : Not quite sure what you mean by that?
Posted by CLIOKID

I think he means, instead of withdrawing and leaving yourself rolled for NL50, leave it in and move up levels when your roll dictates

NColley

I generally withdraw a certain amount weekly but only if I'm above the bankroll I wish to keep in, but I also withdraw a certain amount if I have a bigish win in relation to my bankroll.

annie_duke

To read this everybody withdraws and nobody ever deposits lol

What if ur bankroll is < what u wish to keep in

How do u keep track of ur overall position?

JAMIEP

In Response to Re: Bankroll Withdrawals:

To read this everybody withdraws and nobody ever deposits lol What if ur bankroll is < what u wish to keep in How do u keep track of ur overall position?
Posted by annie_duke

Hi annie you could record every poker session you play starting with date what game ie cash/mtt/sit n go then record profit or loss ie sun 2nd aug played cash game 3 hours sat with £100 left with £150 then record the result £50 profit etc and do this everyday including recording your loses and at the end of the week or month you can do the adding and subtracting of results to see where you are at.

GREGHOGG

Whats a Withdrawal?:)

MereNovice

In Response to Re: Bankroll Withdrawals:

In Response to Re: Bankroll Withdrawals : Hi annie you could record every poker session you play starting with date what game ie cash/mtt/sit n go then record profit or loss ie sun 2nd aug played cash game 3 hours sat with £100 left with £150 then record the result £50 profit etc and do this everyday including recording your loses and at the end of the week or month you can do the adding and subtracting of results to see where you are at.
Posted by JAMIEP

I'm a sad man so I "cut and paste" the information from the Sky poker account history into a spreadsheet that does all the sums for me.

MereNovice

In Response to Re: Bankroll Withdrawals:

Whats a Withdrawal?:)
Posted by GREGHOGG

Good point - I've been bluffing it so far but I think that I may have got away with it.

Oops, just blown my cover.

annie_duke

In Response to Re: Bankroll Withdrawals:

In Response to Re: Bankroll Withdrawals : I'm a sad man so I "cut and paste" the information from the Sky poker account history into a spreadsheet that does all the sums for me.
Posted by MereNovice

lol u saddo ;o)

CLIOKID

In Response to Re: Bankroll Withdrawals:

In Response to Re: Bankroll Withdrawals : I'm a sad man so I "cut and paste" the information from the Sky poker account history into a spreadsheet that does all the sums for me.
Posted by MereNovice

It shows your net withdrawals too when you go to withdraw funds, which is handy.

annie_duke

Why not run a separate bank account?

MrOrange

I dont play cash instead i play on the double your money sngs. My withdrawal policy has always been the same... dont withdraw. My aim is to build my bankroll so i can move up the levels and make even more money in the future. However i do have the exception of withdrawing any bonuses and any money won from mtts. I hope to keep this up until im playing at the highest level and then i would probably withdraw weekly if i was above my desired 5% bankroll.

goddenkyle

In Response to Re: Bankroll Withdrawals:

I have a set balance which I use as my playing bankroll......e.g. £25 Once my balance goes over that mark, after a few wins, e.g to £60, i then withdraw £45 leaving my bankroll balance at £25. That's how I do it, but it's different for everyone.
Posted by RichiSwift

This sounds interesting to me, for a number of reasons. Surely this form of bankroll management is slightly flawed, doesn't bankroll management suggest that you should be moving up the levels as you progress your game. This suggestion stops that happening as you will never progress. Also i would suggest that if you are just withdrawing ever time you make a profit that you keep those funds to one side in a seperate account in order to distinguish between 'poker funds' and everyday funds. if the money is just goin into you everyday account surly it then would just get spent, thus never progressing your poker journy. I mean even if you did i i said keep funds not on your account but in a seperate bank account this would be quiet a clever thing to do because it surly would help to stop tilting where you blow large parts of your bankroll in one go.....i dunno just a few thoughts feedback idea please.......no worries kyle

JAMIEP

In Response to Re: Bankroll Withdrawals:

In Response to Re: Bankroll Withdrawals : I'm a sad man so I "cut and paste" the information from the Sky poker account history into a spreadsheet that does all the sums for me.
Posted by MereNovice

Hi mere how you doing haven't seen you on here for ages?and your not sad that just cheating back in TK,s day he had to make do with pencil and paper:-)

IAMALLIN2

In Response to Re: Bankroll Withdrawals:

Why not run a separate bank account?
Posted by annie_duke

Hi Annie
Done exactly that, even have a seperate e mail account for it too
Gary

IAMALLIN2

In Response to Re: Bankroll Withdrawals:

In Response to Re: Bankroll Withdrawals : Hi mere how you doing haven't seen you on here for ages?and your not sad that just cheating back in TK,s day he had to make do with pencil and paper:-)
Posted by JAMIEP

Hi Jamie
Think you will find Tikays accounts on cave walls M8
LOL
Gary

annie_duke

i got a separate bank account trouble is once its off here feels like "real" money more than "poker money" - still keeps it separate tho....gl ppl

YoungUn

In Response to Re: Bankroll Withdrawals:

In Response to Re: Bankroll Withdrawals : I think he means, instead of withdrawing and leaving yourself rolled for NL50, leave it in and move up levels when your roll dictates
Posted by OMahonyO

Apologies for any confusion here, but I think both of you read a little too much into it

I was merely saying that i'm a donkey that doesn't win regularly enough to make a withdrawal

annie_duke

lol as if

ur the 1st donkey that actually know's they're one then ;o)

MrOrange

I think thats where some players are going wrong. Players may be winning but never progressing, by building your bankroll and not withdrawing you can progress and make even more money.

MereNovice

In Response to Re: Bankroll Withdrawals:

In Response to Re: Bankroll Withdrawals : This sounds interesting to me, for a number of reasons. Surely this form of bankroll management is slightly flawed, doesn't bankroll management suggest that you should be moving up the levels as you progress your game. This suggestion stops that happening as you will never progress. Also i would suggest that if you are just withdrawing ever time you make a profit that you keep those funds to one side in a seperate account in order to distinguish between 'poker funds' and everyday funds. if the money is just goin into you everyday account surly it then would just get spent, thus never progressing your poker journy. I mean even if you did i i said keep funds not on your account but in a seperate bank account this would be quiet a clever thing to do because it surly would help to stop tilting where you blow large parts of your bankroll in one go.....i dunno just a few thoughts feedback idea please.......no worries kyle
Posted by goddenkyle

Not everyone has the goal of moving up levels.
If you're enjoying the level that you're playing at, stay there.
If you're making a regular profit too, then that's close to heaven. :-)

goddenkyle

In Response to Re: Bankroll Withdrawals:

In Response to Re: Bankroll Withdrawals : Not everyone has the goal of moving up levels. If you're enjoying the level that you're playing at, stay there. If you're making a regular profit too, then that's close to heaven. :-)
Posted by MereNovice

I totally see hwere your comming from here,  if you are making a profit at a certain level and are happy with that then you should continue. But you have to remember we 'the gambler' the poker players' althought we are in it for a laff at the back of our minds theres allways the idea of making as much money as possible. So if you managed your bankroll well at one level and was a winning player it would make sense to move up when ure roll allowed to at least try the bigger game to maximise your profitability. If you find difficult to make greater profits at this level then step bck down. But by building that bankroll at least your giveing your self max chance to make max profit.

MrOrange

Exactly, if you think that is heaven... imagine if you could win consistently at the next level??? Its worth a shot.

MereNovice

In Response to Re: Bankroll Withdrawals:

In Response to Re: Bankroll Withdrawals : I totally see hwere your comming from here,  if you are making a profit at a certain level and are happy with that then you should continue. But you have to remember we 'the gambler' the poker players' althought we are in it for a laff at the back of our minds theres allways the idea of making as much money as possible. So if you managed your bankroll well at one level and was a winning player it would make sense to move up when ure roll allowed to at least try the bigger game to maximise your profitability. If you find difficult to make greater profits at this level then step bck down. But by building that bankroll at least your giveing your self max chance to make max profit.
Posted by goddenkyle

Ohhhhh, you youngsters, eh?
All that youthful enthusiasm and ambition.

It's a horses for courses thing - or perhaps even different strokes for different folks - choose your own cliche.

Good luck to you - look forward to watching you at the WSOP main event final table sometime or some other big event. If you win, can you lend me a fiver?