Enjoying the spoils – When to Cash Out
Thursday, November 29th, 2007
Whatever your reason for playing poker, at some point you are going to want to benefit from your ever increasing bankroll. If you are a professional it will be to pay the bills and buy biscuits, for those more recreational players you might want a new pair of shoes. Or you might want to buy biscuits as well.
You can cash out your winnings from an online poker account any time you like, though some are much better than others. For instance bodog are very good, 888.com not so much. So you should look at how quickly you want to with draw and how much transfers back into your bank will cost.
Making regular withdrawals will make you feel better about the days when you lose and stop you blowing all your winnings on a crap shoot because ‘it’s there’. Obviously you want to be building your bankroll but you want to see some reward to.
]You can set yourself withdrawal goals in many different ways. Some set themselves a target, say $100, and cash it out when they have made it. Others, like me, like to cash out a percentage of their profit on a weekly basis. The benefit of the latter is you will be building your bankroll as well as seeing a reward.