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so you make your profit, what are you doing with then ?? ploughing it all back in or withdrawing it??
and at what point are most people taking a dividend and what percentage.
in the past ive been very flexible about this, but with my trading at the present time i want to put some hard and fast rules in place.
this is where my thinking is,
as soon as balance is greater than 10 times the opening balance, withdraw 60%, and reset stake then start again and repeat as required.
my balance hit 9.9 on Saturday, but has dropped back now to 8 so i would expect to hit 10 times by thursday, as I can guarantee to be around to trade tomorrow evening, work commitment, but might be able to catch the second half of the 7.45pm games.
any thoughts please.
martin
and at what point are most people taking a dividend and what percentage.
in the past ive been very flexible about this, but with my trading at the present time i want to put some hard and fast rules in place.
this is where my thinking is,
as soon as balance is greater than 10 times the opening balance, withdraw 60%, and reset stake then start again and repeat as required.
my balance hit 9.9 on Saturday, but has dropped back now to 8 so i would expect to hit 10 times by thursday, as I can guarantee to be around to trade tomorrow evening, work commitment, but might be able to catch the second half of the 7.45pm games.
any thoughts please.
martin
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I withdraw all profit over my starting bank, Even if it is just withdrawing a tenner at the end of the day . There is no need for my bank to grow bigger than what it is. Plus it is good to see all those withdrawls on your monthly bank statement . Money on here can have a habit of not being seen as real money so the sooner any profits are safely in the your bank account the better. That's what I do anyway .
This is a good point and knowing when to cash out also needs a lot of discipline. One should set a goal and then stick to it. For example: I won a lot (for me) during Australian Open, meaning I went up from ~150 to 1.100 EUR. I then started to think what probably everybody starts to think if he won some: "If I'm such a wonderboy in betting, then with bigger bankroll I will win more and more and more!!!"
But then I thought: "You know, **** that, you are going to lose some again and better cash some nice money out now and buy something nice"
That's what I did, cashed out 600 so I was back to 500 again. Then I won again during the final and I ended up with roundabout 1.000 EUR again. I cashed out another 500. During the next days I lost my bank, because I became too greedy.
Cashed in 200 a few days ago and now I'm back at ~250. I'm betting since a few years but still make lots of mistakes (anger betting; too high bets for my bank when I'm "100% sure"), so I'm still working on my discipline, but slooooowly I'm getting better I feel.
(tl;dr) Set yourself a limit and then cash out when you reach it.
But then I thought: "You know, **** that, you are going to lose some again and better cash some nice money out now and buy something nice"
That's what I did, cashed out 600 so I was back to 500 again. Then I won again during the final and I ended up with roundabout 1.000 EUR again. I cashed out another 500. During the next days I lost my bank, because I became too greedy.
Cashed in 200 a few days ago and now I'm back at ~250. I'm betting since a few years but still make lots of mistakes (anger betting; too high bets for my bank when I'm "100% sure"), so I'm still working on my discipline, but slooooowly I'm getting better I feel.
(tl;dr) Set yourself a limit and then cash out when you reach it.
I do exactly the same as scara manga these days. I have a set sized bank, plus a daily betting amount. I withdrawn everything above that, usually daily. It probably only averages 30 a day which adds up over time.
I used to build up my bank and never withdrew. Looked great having big bucks in my account. Until I had a loss and wanted the big bank back immediately. I then would over staked leading to wipeout and another deposit.
I appreciate others will manage big banks better than I used to, but I find a limited bank and regular withdrawals works better for me and allows me to enjoy betting whilst making modest profits.
I used to build up my bank and never withdrew. Looked great having big bucks in my account. Until I had a loss and wanted the big bank back immediately. I then would over staked leading to wipeout and another deposit.
I appreciate others will manage big banks better than I used to, but I find a limited bank and regular withdrawals works better for me and allows me to enjoy betting whilst making modest profits.
i have a bank of 1,000 and try to win £100 per day and withdraw it every day. Having a target is important for me.
That's exactly what I plan: Back to 1.000 and then withdraw everytime i reach 1.100.
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