My new Cashout Concept

[GeoffM]

I kind of just cash out whenever my pay cheque isn't sufficient. Like last night, I walked home to a $1500 US cheque, which under most circumstances would be quite sexy, but due to the rising Canadian dollar, I don't feel quite as attractive .

[BlibbityBlabbity]

Seems reasonable to get some winnings "out" if you are concerned with tilt and playing above your bankroll (self-control)...couple of questions:

1) Will you re-deposit the winnings that were cashed out if you bust out with the money you left in the sites?

2) Are you moving up in limits as you are doing this? If so, are you basing the limit you are playing on the money left online or the overall total?

[JDMcNugent7]

Good Questions
1) Nope, hopefully not. When I get low in cash online, I am just going to play lower and grind it out till I get back up, I'm only 18, I don't mind not winning much money for a few days. If I completely bust out, which i have never done in 2 years, I would redeposit- but I won't let that happen I hope.
2) I'm currently very happy playing $1/2 NL 6max cash games, and many different types of MTT, and SNG's, lately I've been playing alot of satellites, i think they are really fun and i like going for the Big win.
Also, I am basing my limits i can play based off my overall winnings, right now i have $600 online and $1200 in the bank. So I base if off the $1800 overall.\

Sound Good ?

[nflchad]

Okay 1-2NL typically means that this is a $200 buy-in meaning that you have 9 buy-ins. For a NL cash game you should have 20, for short handed 30+.

[JDMcNugent7]

i know.

[sjay2k]

I think it's better to set yourself a healthy bankroll for your limit, and cash out every dollar above that every week or fortnight.

E.g. I keep $1,500 online for 5/10 and every week I cash out all money above $1,500. This helps you see the fruits of your labour as well as helping to prevent you from going up to higher limits.

I think the standard 300BB is a bit excessive for winning (!) limit players. Likewise I think that 20-30 buy-ins for NL players (e.g. 4-6k for $1/$2 NL) is far too much.

[nflchad]

If your not worried about going bust and are able to reload then it doesn't really matter how much you have to play whatever limit you play. However if you don't want to go bust, then playing with fewer than 20 buy-ins at a shorthanded NL game is crazy and is simply asking to go broke. I can't even imagine being comfortable on those tables when a large portion of my roll could dissapear in one or two hands. But I'm not much of a gambler so to each his own.

[Talking Poker]

What's the problem with moving up in limits?