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When should you withdrawl?
This is a question I have been wondering for awhile now..My ultimate goal is to keep building a roll and get to a very large amount but I also understand the risks of not taking out anything. Should I just set a number and withdrawl anything over that total? should I take out a percentage each month? What are ways that you guys handle this? Thanks!
depends on how dependable the book is. Money not working for you is not working for you, but money that will be lost will stop working for you. So on and so forth.
For me I used to set a goal then my plan was to a split. A certain % to me and the rest left to rebuilt to a new higher goal then do another split. The plan for me was to do that till I got to the point where I was at the upper limit of what I wanted to keep in there and would then just take of the top every so often.Originally Posted by Mr. Peepers
James
While (there is a book that would take my action and offer me a bonus)
Withdraw whenever you can, deposit at another place for a sign up or reload bonus
Last edited by xyz; 01-12-11 at 01:39 AM.
dont put all your eggs............you know already
it also helps to have multiple bookies, scratching half a point more from time to time, making a unit or two more every month
I only withdraw when I'm moving money from 1 book to another. I think I never made a real withdraw last year. But also I've never made a real deposit in 2010.
Depositing by moving money from book to book doesn't count.
have a set goal in your mind, eg. +$500, +$1000, +$10,000 from your original balance. Whenever you reach that goal withdraw your money and reach that goal again, rinse and repeat. Just remember it all adds up.
id sugest taking it out as often as you are alowed to for free many books alow one free withdraw a month take out all that you are not using keeps the risk low and if you need to reload there are ushaly bonuses to take advantage of for doing so seams to me the best way to go.
I understand what you are saying here but by making a withdrawl of that size I am guessing you mean a good % of your BR. I don't want to take out too much because that would destroy what i worked hard for and opportunities to make more money in the future.
Let's assume (for better understanding) that you started with a bankroll of 2000$ that you want to extend.
You set your goal to a certain amount, let's say that in 3 months you would want to raise your bankroll to 3000$. You play, follow the rules, have a good model and a bit of luck (we can all use luck) and after 3 months your bankroll actually rises to 3762$. Reward yourself for good playing, take out 762$ and get yourself something. Leave 3000$ in and set yourself a goal to come to 4000$ in next 3 months. Repeat the process.
Put in whichever figures you want but I'm sure you know what I am talking about. You have a trick and a treat. You need both. Make both the way I described to keep you happy with the little things AND to see your bankroll grow.
The thing that kills us players most is greed. Rather go slower instead of being greedy. Remember, this is also the essence of playing half Kelly / full Kelly.Until you are absolutely certain about estimating your edge, it is better to go with half Kelly (=less greed) and have much lower risk of getting bankrupt.
I dont withdraw often because I have a dream of turning my bankroll into 5digits, when I withdraw normaly is no more of 10%(normaly is because I want to buy a new high tech toy)
As a precaution I divided my bankroll in multiple bookies(also very good for shopping for prices) normaly I am ok with having 20% of BR in any book, A+ books I dont mind having up 40%
Once a month....Only about 20%.
I like to wait til the last possible second, but that is just me!
Let's assume (for better understanding) that you started with a bankroll of 2000$ that you want to extend.
You set your goal to a certain amount, let's say that in 3 months you would want to raise your bankroll to 3000$. You play, follow the rules, have a good model and a bit of luck (we can all use luck) and after 3 months your bankroll actually rises to 3762$. Reward yourself for good playing, take out 762$ and get yourself something. Leave 3000$ in and set yourself a goal to come to 4000$ in next 3 months. Repeat the process.
Put in whichever figures you want but I'm sure you know what I am talking about. You have a trick and a treat. You need both. Make both the way I described to keep you happy with the little things AND to see your bankroll grow.
The thing that kills us players most is greed. Rather go slower instead of being greedy. Remember, this is also the essence of playing half Kelly / full Kelly.Until you are absolutely certain about estimating your edge, it is better to go with half Kelly (=less greed) and have much lower risk of getting bankrupt.
Thank you! That helped alot and answered many questions!
if I would ever win, I would be able to withdraw...
-playr101
What's your next thread....When should I deposit? A possible response to that one:
Do so when your account is near or at zero and you seriously think you can win next time.
This man is a true high stakes gambler
true hero!
was he talking about gambling? or is it a gamble the coincidences of the act he proposed?
.... before you go on a big losing streak
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