Re: Managing cash not in play
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You're never risking your whole bankroll in one game, right? You're smarter than that, right?
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I'm an experienced player who understands variance, and since I have no money in real life I am a total bankroll nit. No worries.
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Do you play at the same card barn every time?
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I'd say about nine of ten sessions are at the same cardroom.
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Can you safely deposit that much money into a banking account and get it out or.....if not, its cool, I know many people who cannot have banking accounts.
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Actually, I'm not 100% sure they'll let me get a bank account, but I think I'm in the clear now (fingers crossed).
My major concern is access. Are there accounts that will let me withdraw more than a couple hundred dollars by ATM?
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If you are paying taxes on it already ... I don't see any reasons you couldn't pump it through to Emigrant/ING and leave it earning 4% or so.
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This will be the first year I have to pay taxes on live winnings. I've always paid my taxes on my online winnings, and I plan on staying on the up-and-up with the IRS.
So it looks like some combination of these might be best for me. Something like 5 BIs in a box at my regular room for easy access, another 5 BIs at home for trips to other rooms, and the rest in an Emigrant account where its a week away, but still earning a little interest.
Some specific questions. How much does a box at a casino usually cost? Does anyone know of a bank with unusually high ATM limits?
Keep 'em coming. I like hearing how others deal with this.
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