At What Dollar Figure do you ask for a Payout?

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  • LongBall52
    SBR MVP
    • 06-14-20
    • 1319

    #1
    At What Dollar Figure do you ask for a Payout?
    Using a deposit figure of $200. ( no bonus or need to roll over ) $500, $1000, $2000, etc?
  • SamsNCharge99
    SBR Aristocracy
    • 10-22-08
    • 41242

    #2
    1000-1500, withdraw 600ish and play with rest
    Comment
    • TheMetsSuck
      SBR Hall of Famer
      • 01-14-12
      • 6146

      #3
      What’s a payout?
      Comment
      • dmm
        SBR MVP
        • 04-03-20
        • 1164

        #4
        For me, it's more about wanting to keep somewhat even money between my main outs.

        Right now it's about 50% at bet365, 25% Pinny, 10% 5dimes and the remaining 15% spread between 4 other outs. So I'll probably move a chunk out of bet365 to other books.
        Comment
        • JayLA
          SBR Hall of Famer
          • 09-11-12
          • 7806

          #5
          400 deposit, and when i go on a streak, cash out 1200ish and play with the rest, usually 300
          Comment
          • jjgold
            SBR Aristocracy
            • 07-20-05
            • 388179

            #6
            Originally posted by SamsNCharge99
            1000-1500, withdraw 600ish and play with rest
            Sammy correct
            Comment
            • d2bets
              BARRELED IN @ SBR!
              • 08-10-05
              • 39995

              #7
              Let it ride until and unless you actually need it to pay taxes or need it to fund another book.
              Comment
              • jtoler
                BARRELED IN @ SBR!
                • 12-17-13
                • 30967

                #8
                Originally posted by TheMetsSuck
                What’s a payout?
                I know right, guys here love to use fancy terminology
                Comment
                • Otters27
                  BARRELED IN @ SBR!
                  • 07-14-07
                  • 30760

                  #9
                  Go for 1k or more. I usually lose though
                  Comment
                  • lakerboy
                    SBR Aristocracy
                    • 04-02-09
                    • 94379

                    #10
                    $5k.
                    Comment
                    • LongBall52
                      SBR MVP
                      • 06-14-20
                      • 1319

                      #11
                      Originally posted by SamsNCharge99
                      1000-1500, withdraw 600ish and play with rest
                      Thanks, I was in the right ballpark. Have $200 up to $780 and will withdraw about $500 when reaching 1k.
                      Comment
                      • capitalist pig
                        SBR MVP
                        • 01-25-07
                        • 4998

                        #12
                        I’d suggest you always withdraw your original deposit as soon as you double it. If you’re just playing for action there isn’t much point in withdrawing since you will just end up re depositing jmo
                        Comment
                        • funnyb25
                          BARRELED IN @ SBR!
                          • 07-09-09
                          • 39663

                          #13
                          Every time I get a cash out, I go on a losing streak and re-deposit. Without fail every time.
                          Comment
                          • KVB
                            SBR Aristocracy
                            • 05-29-14
                            • 74817

                            #14
                            Originally posted by LongBall52
                            Using a deposit figure of $200. ( no bonus or need to roll over ) $500, $1000, $2000, etc?
                            This kind of question requires far more info and reflection to answer than an initial deposit amount.

                            Not sure if you're looking for an answer yourself or wondering what others like to do.

                            Those betting and looking for success, spending a lot of time to win not much, etc, will be better off not withdrawing at the levels you listed. One mistake successfull bettors make is withdrawing and spending winnings.

                            The moment the bettor decides to do that he puts himself back to the beginning when he might have been on the precipice of making some real money.
                            Comment
                            • d2bets
                              BARRELED IN @ SBR!
                              • 08-10-05
                              • 39995

                              #15
                              Originally posted by KVB
                              This kind of question requires far more info and reflection to answer than an initial deposit amount.

                              Not sure if you're looking for an answer yourself or wondering what others like to do.

                              Those betting and looking for success, spending a lot of time to win not much, etc, will be better off not withdrawing at the levels you listed. One mistake successfull bettors make is withdrawing and spending winnings.

                              The moment the bettor decides to do that he puts himself back to the beginning when he might have been on the precipice of making some real money.
                              Exactly. I mean it depends on what you're going to do with the money and also depends on how easy/convenient it is to redeposit later. Constantly withdrawing and depositing is pretty ridiculous. Also, winners who constantly withdraw are more likely to draw scrutiny and get limited. Win regularly, withdraw rarely.
                              Comment
                              • LongBall52
                                SBR MVP
                                • 06-14-20
                                • 1319

                                #16
                                Originally posted by KVB
                                This kind of question requires far more info and reflection to answer than an initial deposit amount.

                                Not sure if you're looking for an answer yourself or wondering what others like to do.

                                Those betting and looking for success, spending a lot of time to win not much, etc, will be better off not withdrawing at the levels you listed. One mistake successfull bettors make is withdrawing and spending winnings.

                                The moment the bettor decides to do that he puts himself back to the beginning when he might have been on the precipice of making some real money.
                                It was more to get an idea here . This is a book (which I won't name that I have never withdrawn from before). I'm a small player. It took awhile at 5% of bankroll to get anywhere. No fears about the money ..US book.
                                Comment
                                • KVB
                                  SBR Aristocracy
                                  • 05-29-14
                                  • 74817

                                  #17
                                  Originally posted by LongBall52
                                  It was more to get an idea here . This is a book (which I won't name that I have never withdrawn from before). I'm a small player. It took awhile at 5% of bankroll to get anywhere. No fears about the money ..US book.
                                  Keep it in the book, pick a reasonable and conservative unit size and keep at it for a while.

                                  Be careful betting 5% of your current bankroll each time, that means you are using a progressive betting scheme and it will cost you money in vigorish and a raised breakeven almost every time.

                                  My advice would be to stick to a starting bankroll percentage unit and jiggle your bet size as little as possible.

                                  For example, say you are at $1000. Sounds like you'd bet about $50. I personally think that's a little high, but that's not my point here.
                                  For this example keep that bet size flat, say somewhere between $20-$50.

                                  Say you are making $35 dollar bets. Don't change your bet size until that $1000 balance has either gone up to about $1500 or down to about $800.

                                  With a $50 dollar bet you might up that to $1600 or $1700 and lower that drop to $700. Only at these levels should change your risk amount.

                                  Jiggling your bet size can be expensive, you can try it for yourself...

                                  Originally posted by KVB
                                  ...I’ve posted over and over again that changing you bet size is equivalent to progressive betting and it is costly.

                                  Let’s keep it simple and get back to basics. Take a set of 21 bets; give yourself 11 wins and 10 losses. Now take any starting bankroll amount. To keep it simple, bet 5.5% to win 5% for each bet and put the wins and losses in any order you desire. After each bet, win or lose, adjust the next bet to 5.5% of the new bankroll, just like Gunshard says.

                                  Now, if you didn’t change the size of your bets, 52.4%, or 11 wins and 10 losses would result in breaking even.

                                  But Gunshard’s plan requires changing the size of your bets after each play, changing the breakeven point. How much it changes depends on the percentage bet, but the higher the percentage, the worse off you are. With my example, of 5.5%, the breakeven point nears 54%.

                                  Gunshard should be thankful for discount books and vigorish, if he uses them, as his strategy raised his breakeven point, which was offset by the reduced vig.

                                  Again, the percentage doesn’t matter; it’s easier to use 5.5% for this exercise than Gunshard’s recommended 5%, but the results are along the same lines.

                                  Try it again and again. No matter what order you place your 11 wins and 10 losses, after those 21 bets, you always have 97.1% of your roll left.

                                  In fact, after 110 wins and 100 losses with 5.5% bet each time, you would be down somewhere in the neighborhood of 25% of your starting bankroll....
                                  Comment
                                  • TommieGunshot
                                    SBR MVP
                                    • 03-27-12
                                    • 1607

                                    #18
                                    Originally posted by dmm
                                    For me, it's more about wanting to keep somewhat even money between my main outs.

                                    Right now it's about 50% at bet365, 25% Pinny, 10% 5dimes and the remaining 15% spread between 4 other outs. So I'll probably move a chunk out of bet365 to other books.
                                    This is pretty similar to my answer. Most all of my withdrawals and deposits are simply rebalancing my accounts. Or to put cash in my pocket for retail bets for some of the tacky places. I would find it tough if I had to cashout for any reason other than to make more bets.
                                    Comment
                                    • d2bets
                                      BARRELED IN @ SBR!
                                      • 08-10-05
                                      • 39995

                                      #19
                                      Originally posted by TommieGunshot
                                      This is pretty similar to my answer. Most all of my withdrawals and deposits are simply rebalancing my accounts. Or to put cash in my pocket for retail bets for some of the tacky places. I would find it tough if I had to cashout for any reason other than to make more bets.
                                      Bingo. The point of winning should be to grow your bankroll, so that you can grow your bankroll more. Withdraw when you're burned out and ready to quit and/or you need it to pay taxes on winnings.
                                      Comment
                                      • BeatTheJerk
                                        BARRELED IN @ SBR!
                                        • 08-19-07
                                        • 31794

                                        #20
                                        5-10k.
                                        Comment
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