So you win some serious money.

[jimmym]

This post is me being nosey. I was showing my wife eejits thread about winning 65k staking only $3 originally, and she asked me what I would do if it was me.

So I would withdraw 60k this equates to a years salary 32 thousand pounds, I would put 5k in my daughters uni fund, give my son 5k, spend 10k on the house for improvements and bits,,and spend 12k on two holidays next year, one to America and one in Austraillia.

my 5k, I would still keep playing tournies.

So mainly directed at us small stake players, what would you do, would you leave more in, would you start playing cash games, would or have you started playing with more convidence only to find your losing or winning more, its a goal for us all to win a nice amount, but if we do, do we actually do something with it.

[Nikita]

My thoughts would be similar.

I'd keep somewhere between $1-5K as my bankroll online. Then the majority of what I withdraw will go to making a lump payment on my mortgage. The rest would be be buy something big for each of us (Rob, Alex and myself). I'm not sure what yet, but I'm sure we could come up with something.

I don't think I would even move up limits too much. I have no desire (and likely I don't have the skill either) to play $5/10 like some of you highrollers here.

[Robbie Robb]

At this point in my game, I would most likely do something responsible with it similar to Nikki's post above. There would most definitely be a trip to Vegas in there though.

However, if I felt my game had progressed to a level where I was confident that I am more of a winning player than a losing player by a decent margin, I would take $10K, set it aside in a completely separate savings account. Then I would take $10K for my online bankroll, quit my job, and give it a go as my main job. Obviously the savings account money would be the "emergency" fund if I end up having a month where I unfortunately don't make enough to cover the bills. Doing this, I would then make weekly or bi-weekly withdrawls of my winnings to cover the bills and invest - leaving my roll at $10K max each couple weeks.

My only dilemna with playing poker as my main source of income is which method to use - play to reach a certain $ amount each day or play for x hours each day. I think it would actually be a combination of the two - I probably wouldn't play for more than 6 or 7 hours each day normally and if I'm having a particularily bad day for cards, I may knock off early so I'm not chasing the loss. I'm not sure what I'd do if I were having a great day though. There's arguments for both - keep playing or stop once you've reached a certain level - say $1 or $2K up.

For me to be able to "make a living" playing poker, I would only need to net about $100US/day for it to equal my current wages.

So anyway, that's what I would do if I won something like $65K. Right now, pay off some debts, buy a couple toys and head to Vegas for a vacation. Oh yeah, there'd probably be an official wedding type thing whilst in Vegas. The Luxor facility looks rather nice for gettin' hitched in.

In the future, use it to take a stab at playing for a living. (Debts would still get paid off though and the wedding in Vegas would still take place)

[eejit101]

what would did i do (sorry)


My max neteller balance is £25,000 so i had to do it in 2 bits. Cashed out £25k from para, withdrew it. Paid of the 10% staker in full. Left approx $10k online for stuff, then withdrew $2k last night apparently accordning to my thing, i was drunk , its my birthday, so maybe its a good idea!!!

with the money i withdrew im paying debts, buying nice shit, stuff like that, oh, and saving some

[GeoffM]

Cash out the $65K I won, continue with my current bankroll, downpayment on a house with $60K.

[Dodoubled]

Well, if Boobie hasn't been on to say it, yet, I guess I will:

Hookers and blow, dude. Hookers and blow.

[Dodoubled]

In all seriousness, though, I think the first thing I would do is find out exactly how much I would have to pay in taxes. I don't think the IRS would look kindly upon it if my bank account took a $65,000 pad and I didn't seem to know where it came from. After that, assuming I had about $45 left, I would just pay off my car and credit cards, and help my girlfriend pay her stuff off, too, like student loans. As for the rest, I'd like to think I'd have enough left to invest in something fairly wise. And then, I have no clue. I'll call you all when I hit a windfall like that.

[BrianSwa]

as much as you all think I would just blow it all here is what I would do.


I would withdraw 60k and leave 5k online to play tournies, with my 60K I would pay off any bills I have, take my wife on vacation and use the rest for live play.


seriously I might not even keep 5k online might just take it all off.

[Talking Poker]

But if you started with a $100 deposit that you were going to lose for fun and this happened, wouldn't you need to lose the entire $65k in order for it to be fun?

I'm being serious here - I totally don't get you. When you turn $100 into $1000, you have to lose the $1000. So, what's the difference here? When you build your roll up to $1000, you go sit in the 3/6 NL games until you lose it all, so if you built your roll up to $65,000, I have to assume you would be playing at least 25/50 NL until you blew it all, right?

If not, what' the difference? If it's that $1000 is meaningless to teamSWA and $65k isn't, where does teamSWA draw the line? $10k? $50k? At what point are you able to set aside the gambling problem and treat money as if it's actual money, and not "found money" that is not only ok to lose, but MEANT to be lost?

Again, I'm not trying to be a jeark here - I'm trying to understand, since you are contradicting yourself so much.

[BrianSwa]

I said in the thread is was very bad judgement in my part what else do you want?

[Talking Poker]

Wait, what?

All I remember was you going on and on about how you deposit money for fun and it's fun to lose and when you win you need to lose what you won and so on and so forth.....

[BrianSwa]

and I still agree it was horrible judgement, what can I say?