February 8, 2017
Regarding multiple sites, I think it depends on how easy it is to move money between them. If you were to lose the $100 on 888 would it be hard (or would there be high fees) to move $100 from PS to keep playing 888? If not too hard, I think you can play as if they are the same site.
Live and online is a bit more blurry. I think that if you want to prioritize growing your online roll, you don’t want to regularly dip into it to pay for live games. I think it would make sense to make a single withdrawal of ~$100 to use as your live bankroll, and treat the bankrolls as completely separate moving forward. Or make a plan to keep X $ in your live roll and move any profit beyond that back online.
Alternatively, keep your online roll intact and look for ways to limit your life expenses, saving a little bit each week or month that you can add to your bankroll. When I was in college, I put $20 into a shoebox every paycheck, and that eventually became my roll for playing $1/$2 at the local casino. Mind you, the first time I sat down with $200 it was my entire bankroll, so I had to start over filling the shoebox from $0 not much later…
DuckinDaDeck said
Regarding multiple sites, I think it depends on how easy it is to move money between them.
This is definitely the key to your online roll question. If money is easy to move around, it’s not really an issue. Similarly, if it is easy (and inexpensive) to cashout and reload, there is not a ton of reason to keep a lot of money online. Keep enough on to play your normal range of buyins and deposit and w/d as needed.
I keep my live bankroll seperate from my online roll, but that is due more to my specific circumstances as opposed to any real strategy.
February 8, 2017
joelshitshow said
And if you have bankroll discipline it shouldn’t matter where the money is, meaning you can keep it offline. (But discipline is tough for a lot of people so if that’s an issue, you just have to deal with it. No shame in that.)
This is the reason for my hesitation to mix live and online rolls. After quickly learning the hard way (grind $200 to $6k over 4 months and turn $6k into $0 in <4 days) I’ve never really struggled with BRM online, but with my live roll I was often guilty of dipping into it to pay for a night out or other extravagances. Obviously that’s just my bias showing up in the advice, but if similar problems exist for other people then it might help to keep em seperate.
I would consider your bankroll just that – your bankroll. In other words, its all one big pool although you have it spread out among different areas. As a couple of posters pointed out, you want to make sure that it doesn’t get eaten up with miscellaneous fees if you need to transfer money from one place to another. Another issue to consider is how replaceable your bankroll may or may not be depending on your income from your regular job and your lifestyle.
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