hi
Ive taken this post from another forum its a local forum (post in bold is from the other forum)
Im intrigued by a cash out strategy i ve never heard about one I was wondering if the pros on this site have a similar strategy, by the way this is just out of interest im still learning im no where near cashing out.
Cashout strategy:
Pay yourself according to volume, not results.
Remove the following from your bankroll every time you play these games:
HU: 2% of your buyin
STTs: 3% of your buyin
18-man: 4% of your buyin
45-man: 5% of your buyin
90-man: 6% of your buyin
180-man/MTT: 8% of your buyin
Also remove all Rakeback/Bonuses earned
When your total cashouts reach the site's minimum cashout requirements, then cash out as soon as you can.
Clarifications:
- If you are a high buyin player, you may be playing a SNG where you are only expected to attain a very small ROI. In that case, divide your expected long-term ROI by 2 and cash out that much per game. For instance, if you are a $320 STT player who expects to make 2% ROI, cash out 1% ($3.30) per game played. That sounds small, but most of your income is coming from rakeback/bonuses anyway.
- For hyper/superturbo SNGs, only remove 1.5% per game.
Taking shots (optional):
Then allow yourself 1/4 of your cashout money for entertainment. Your shot can be your entertainment. For instance, if you are a $5 player who would like to take a shot at a $50 game, then save up $200 in cashouts, and then withdraw $150. use the other $50 for your game. Obviously this is not optimal, but some people will explode their bankrolls at some point if they never get a chance to chase their dreams!
Just one rule:
- If you take a shot and win, cash out at least 75% of your winnings RIGHT AWAY. Don't try to use the shot to pad your bankroll. The bankroll management plan is already designed to keep you where you are going to make the most money per hour.
When used together, over time, the Bankroll Management and Cashout Strategy will:
- Keep you playing at or near your optimal level. You won't have to decide what games to play. The system will do it for you.
- Ensure that you are beating the games at a high enough ROI to continue to play them. For instance if you maintain a 3% ROI at the $27 18-mans, although you are winning, you will be cashing out too much money (4%) to stay at that level, and the system will drop you back to the $16 level, where you will make more money per game.
- Keep you from facing high % fluctuations in your bankroll so your mindset is good.
- Have you making frequent cashouts no matter what your results are. This stops the endless cycle that some people have of moving up and moving down, but never cashing out!
- Allow you to plan. Your income will be easily predicatable. For instance, if you are going to play 100 $27 18-mans today, you know you will cash out exactly $108, no matter how you do.
- Encourage you to increase your volume.
- Give you the opportunity to take an occasional shot at a bigger event and chase your dreams.
For starters, playing 10x above your level is pure gambling, not taking shots. If you're a $5 player, playing $10s would be taking a shot. I've thought before of a similar "cashout rake" strategy, but the thing is, it stunts your growth. When you're playing $6 HUSNGs, you want to get to the $110-$220 level as quickly as possible and that's not gonna happen that fast if you tax yourself out of a quarter of your winnings. Also, cashing out half your winnings will be disastrous to your bankroll if you keep the same BRM as before