(LC) Brag Post-First Withdrawal!!!

[zachaser]

Had to post this, I made my first withdrawal tonight for $207 off Poker Stars! Been learning SNG's since March last year when I deposited $80 dollars into Stars, had a breakeven stretch at the 3.40's for about 700 games, hit a streak and went to 6.50's, swung up and down for about 300 games, hit a streak and went to the 16.00's, where I currently do 5 tables for a 11% ROI! Only 350 games at the 16.00's, but i would guess the 11% is +- 3% of my true ROI. Anyways, I'm keeping my roll at $1000, and everytime I break 1200 I'll skim a little off the top! Thanks flopturnriver for making me a better poker player!

[taipan168]

Very nice results man, keep up the good work!

[bjsaust]

Thats really nice. $80 into $1200+ in less than a year. Thats like 1500% return on your initial investment .

[GatorJH]

SWEET!!!! Well done!!!

[Im_new]

GREAT RESULTS! I started with 25 three weeks ago, and I'm at 140 now (still playing the $1 games)...I can't wait to keep moving up like you did. Great work!


hey, this brings up practical a question: how often and when do most semi-pro players make withdrawals? What stakes are many of these players playing?

[Geanooooo]

Hate to piss on your bonfire, but be prepared for variance to kick you in the arse.

[GatorJH]

Hate to piss on your bonfire, but be prepared for variance to kick you in the arse.

funsucker

[bjsaust]

hey, this brings up practical a question: how often and when do most semi-pro players make withdrawals? What stakes are many of these players playing?

Cant really answer your question, but its something I've been giving some individual thought to. I think the answer (depending on your definition of semi-pro) is as least often as they're prepared to. Heres the thing, relating back to your post on ROI moving up, zachaser is now $207 further away from his next move up in stakes, so his long term earning potential just took a hit, or at least it will take him a bit longer now to reach each new buyin.

Like I say though, it depends on what you mean by semi-pro. If someone for instance wanted to withdraw $1k per month as 'spending cash' so they could pump as much of their employment salary into say paying off a home loan, then obviously their goal is to reach a BR/level where they're confident they can earn $1k per month (or survive a month or two of variance without affecting their buyin level) as quickly as possible, but from that point on make regular withdrawals.

[Im_new]

Thanks, Bjsaust. Great explanation.

By semi-pro, I meant a player who depends on his poker for at least 20% of his yearly income.

[Im_new]

and whose bonfire are you pissing on?

[Geanooooo]

Im such an arse when Im swinging downwards. F VARIANCE!