[DontTailMe]

A post on some of the ways you keep all the bitcoin fees down would be very helpful. Bitcoin network fees are nothing, but I still haven't found an optimal way of using the exchanges and personal wallets to not lose a decent chunk of money in the process. Especially when transacting $ xx,000 amounts.

Well, the most obvious way is to simply keep your bankroll in play as much as you can. I don't withdraw unless account balances have really gone out of whack and I need to rebalance, or if it's time to take some profits. The more wagering you do between deposits/withdrawals, the more bang for your blockchain fee buck you're getting.

Another method, if you don't like to keep funds at sportsbooks, would be to follow a similar concept, but one layer abstracted. Maintain your bankroll in your middle man wallet and deploy funds from there. You'll still pay transaction fees whenever you decide to deposit/withdraw between sportsbooks and your wallet, but at least you won't be doubling/tripling those fees by going all the way to your bank.

I use a combination of the above 2 strategies. The higher my confidence in the security and integrity of a particular sportsbook, the more money I'm willing to keep in play there. For sportsbooks that I have little faith in, I pull my bankroll back into my wallet and keep it there until I need it to be in play again.

Basically, just minimize the frequency of your movement of funds. If you're playing with money that you can afford to lose and practicing good bankroll management, as you should be, then the constant back and forth from bank to bookie should be unnecessary.