Lessons learned from recent events

[WhoIam]

1. Money you don't need belongs in a bank account. Only keep enough money online to deal with a medium downswing. You can always deposit more money if you need to. Your bank account has an almost 0% chance of being frozen and is much more secure than e-wallets.

2. Spread your money out over several sites. Even if 99% of your play is at one site, have money in others as a backup. The Neteller debacle showed us that drastic decisions can be made with little or no warning, so you have no excuse if all of your funds are locked up in the future. There is also a small chance that one of your accounts will be frozen and investigated, even if you have done nothing wrong.

3. Have accounts with several e-wallets, but make sure to investigate them first. When Neteller pulled out, it took a month before I could get poker funds into my bank account. Never again.

4. Don't cash out your rakeback unless you need it. My rb provider has multiple cashout and inter-account transfer options. If anything catastrophic happens, this is a significant pool of money I should be able to access no matter what. He might even write me a personal check if I needed it. Obviously this wouldn't be a good option if you're dealing with a small-time affiliate or are getting under the table Party rb or something.