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General Poker
How do the pro's do it?
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[QUOTE="wanderingthehall, post: 2393958, member: 91463"] The important thing is to keep your poker br and your life br separate. You can pay yourself a regular check out of your poker br, but you don't just dip into whenever you feel like. There a few different strategies for how you pay yourself out if money management is important. 1. Pay yourself a percentage of your winnings. 2. Figure out your hourly rate, and pay yourself something under that, so treat yourself like an employee in your own business. If you make 8 bb/hr, pay yourself 2 bb/hr. You'll have to figure out what is realistic for your situation on how much you want for your life roll vs. building a poker br to play higher stakes. 3. Only pay yourself the rakeback you earn. Therefore, you're poker winning only add to your bankroll. You'll cashout based on how many hours you spend playing and the stakes. This is the most accurate reflection of the time you put in vs. stakes you're playing. My personal withdrawal strategy as a micro stakes player is to withdraw 10% of every MTT or SNG cash. I play cash occasionally, but don't keep track of wins/losses or factor that in for withdrawals. I keep track with an excel spreadsheet and cashout whenever the total meets the minimum cashout requirement, am eligible for the next free check, or my current bonus has expired or cleared. [/QUOTE]
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How do the pro's do it?
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