How Much Money Is It Safe To Leave In A Sportsbook Before You Should Withdrawl Money?

milwaukee mike · 10-18-12, 06:37 AM

whatever you feel you might need to bet, and whatever doesn't keep you up at night worrying about it

HoulihansTX · 10-18-12, 06:38 AM

5Dimes>BankofAmer

Sam Odom · 10-18-12, 06:40 AM

you just sent 200.00 to them

that is like you having a penny in your pocket

but the bottom line is how comfortable do you feel , what is YOUR limit

MadTiger · 10-18-12, 06:49 AM

It depends on your situation, but I will add that certain books have better reputations than others. Take that into consideration.

Seaweed · 10-18-12, 06:54 AM

Originally posted by Sam Odom

you just sent 200.00 to them

that is like you having a penny in your pocket

but the bottom line is how comfortable do you feel , what is YOUR limit

I usually would never leave money in a sports book past 2,000 without taking some out. Wanted to see how others felt

TexansFan · 10-18-12, 07:02 AM

I believe no more than 2 to 3k.

chase hardy · 10-18-12, 07:22 AM

Ure good up to bout 500k

jjgold · 10-18-12, 07:25 AM

I say tops 10k

geebert74 · 10-18-12, 09:13 AM

I would not keep more than 5k in an account

daneblazer · 10-18-12, 09:22 AM

I'd suggest keeping just what you need online and keep a percentage of your roll offline in a separate account. You can always deposit it on there.

Smoke · 10-18-12, 09:24 AM

40K is a good solid number

Monte · 10-18-12, 09:26 AM

I had 60k tops at Pinny, didn't even think about it.
Also had 40k one time at the Greek, same.

5Pennies? I wouldn't trust them with more than 5k, shit book.

seaborneq · 10-18-12, 09:29 AM

No more than 2500 at ANY book at ANY time.

RealSlimShady · 10-18-12, 09:37 AM

Even if the book is 100% safe in your mind, you need to be aware that processing large sums can be difficult at certain times....keep that in mind!

boatboatboat · 10-18-12, 09:45 AM

Depends on the time of the year.

This time of the I wouldnt worry about having a HIGH balance at almost any book. Cash flow is great at books this time of year. Last thing a book wants is to stiff a player this time of year, and get blasted on the forums, and lose out on the CASH cow that is the NFL.

About the time the playoffs start, if you have a higher balance at a book, start requesting withdraws. Get the bulk of the Money out come the Conf title game, leave just enough to wager on the Super Bowl, and you are good to go.

2 cents

Big Bear · 10-18-12, 09:45 AM

Originally posted by Monte

I had 60k tops at Pinny, didn't even think about it.
Also had 40k one time at the Greek, same.

5Pennies? I wouldn't trust them with more than 5k, shit book.

wait why is that? will they just keep it if you get up say 25,000?

jjgold · 10-18-12, 09:46 AM

Pinny does not count

Foreign book

Monte · 10-18-12, 09:47 AM

Originally posted by Big Bear

wait why is that? will they just keep it if you get up say 25,000?

No i don't want to say that, but 5D takes US action and has a lunatic CEO..

Big Bear · 10-18-12, 09:49 AM

oh okay. well in IMO having a large amount in my account would be a good problem that i hope to have .

allabout the $$$ · 10-18-12, 09:53 AM

Originally posted by Big Bear

oh okay. well in IMO having a large amount in my account would be a good problem that i hope to have .

you my friend must have never been run around or stiffed by a book. what good is a large balance if you can never get it

John Dough · 10-18-12, 11:39 AM

Ridiculous question as the answer depends on your net worth, risk tolerance, and many other factors.

The answer will vary GREATLY from one person to the next.

Scooter · 10-18-12, 11:55 AM

This much:

|............ |

Although with some books, this much is probably safe:

| ............................ |

Pete0 · 10-18-12, 03:27 PM

Originally posted by Scooter

This much:

|... |

Although with some books, this much is probably safe:

| ........................................ . |

fixed !

hels · 10-18-12, 03:40 PM

Can't remember his username but a guy at SBR had over 100k in a book. Everyone kept telling him to cash out as it was a very very substantial amount of cash to him. Book limited him to only being able to withdraw $2500/week.

Hopefully someone can give more details and update on his situation.

SBR_John · 10-18-12, 03:56 PM

In an A rated book I'm comfortable with about $10k. My max bet is $500 so no reason to keep more than that.

MeatWad · 10-18-12, 03:58 PM

I usually try not to leave over 1.5x what I expect my total tied up action on the busiest betting days. If you bet 30 +/- 5 games a weekend, at $1 per game, I would have $45 take or give a few.

I am a huge proponent of reloading if necessary and never leaving too much on the books. One bad weekend and I am usually reloading. Beats having money tied up or lost if legalities or business failures get in the way, see Fulltilt Poker Or Netteller in the US.

Also for less experienced gamblers, having less of your BR % on the books helps you manage your br more correctly. It is harder to over extend you risk/exposure when only 10-15% of your br is actively available on a given site.

paranoyd androyd · 10-18-12, 04:07 PM

how is sports betting worth anyone's time by keeping $2K to $3K max at a book?

bruceBRUCEbruce · 10-18-12, 04:11 PM

Originally posted by paranoyd androyd

how is sports betting worth anyone's time by keeping $2K to $3K max at a book?

the large majority of sports gamblers don't do it for a living? duh?

10k is the ceiling for me as to the original question.

paranoyd androyd · 10-18-12, 04:17 PM

Originally posted by bruceBRUCEbruce

the large majority of sports gamblers don't do it for a living? duh?

10k is the ceiling for me as to the original question.

who said anything about doing this for a living? if $2K-$3K is really worth that much to you to the point of unnecessary stress, you shouldn't be betting anyway.

Doughboy22 · 10-18-12, 04:17 PM

I've had 24k in bovada before and 19k in 5 dimes.. shit is safe man jesus.. u think they want to steal ur shitty 2 grand and fuk it all up.. cmon bud

v1y · 10-18-12, 04:30 PM

my balance has been over 5k at 5dimes the last year and a bit.

no sweating.

MeatWad · 10-18-12, 04:31 PM

Originally posted by paranoyd androyd

who said anything about doing this for a living? if $2K-$3K is really worth that much to you to the point of unnecessary stress, you shouldn't be betting anyway.

It is all relative. Some people bet 30-40 games a week, 1-2k a game and consider it the only way to barely scratch out a low six figure income gambling.

At the other end of the spectrum, I have seen people literally get their ribs broken, noses broken, and jaws broken over 5 packs of cigarettes.

Neither group is going hungry and both crave the stress and rush of gambling, regardless of the absolute size of the risk.

rm18 · 10-18-12, 04:32 PM

150k

MeatWad · 10-18-12, 04:37 PM

Originally posted by v1y

my balance has been over 5k at 5dimes the last year and a bit.

no sweating.

I regularly lost 4 and even 5 figures in one hand at Fulltilt, yet they now owe me considerably more than I would ever lose in one hand. I think the bottom line is you should never have more on a site than neccessary. It is too easy to reload and the legality of offshore betting in the US makes limiting your financial investment/exposure in these companies a wise move. Why have the unneccessary risk of having much more than a weekend's worth of bets on any site.