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  • agame2323

    For the first time, I finished in the top 5 of a single-entry tournament on DK! I didn’t win anything major, just a bit over a $1,000 but should I cash that out or just use it as a bank roll? I’m generally pretty good with bank roll management. But I’m tempted to at least cash out 20% of it. Thoughts or advice would be greatly appreciated.

  • dylandreadful

    cash out 60%

  • Benf15harp

    I paid for the coffee and doughnuts at my gamblers anonymous meetings for a year with my first big cash out 😉

  • joephoto

    What you first cash out will be credited back to any charge card you used for any recent depositing.
    Cash out that amount.

  • Jvanspro

    I’d cash it out personally.

  • Tcbaseballfan

    I installed new windows and fencing on my house. Nothing too sexy lol

  • laser1000000

    Paid for summer camp for my daughter. I’m conservative, but I cashed out all the way done to my original deposit. Cashed down to 2x that deposit on my next win.

  • kwame724

    I also agree with cashing out 60%. And continue playing single and cash games to build it up

  • dabouch1988

    100 percent cash out and went to Vegas

  • sirrobert6

    • Blogger of the Month

    I lost it.
    Believed my winning was a result of being better and needing to take a step up in buy ins. Proceeded to lose said winnings, and was quickly back to square one.

    My experience is extremely common. Don’t do what I did.

  • mambaland

    i have had a few under 10k and one larger…usually go tilt for a few days then withdraw and go back to normal

  • tprokopenko

    I generally withdraw 75-80% after a decent sized win, then take a couple shots at bigger tourneys than normal with 5-10%, and keep the remaining in as bankroll if/when those shots don’t pay off.

  • MRCOOKONUTS

  • JENSGT

    $4k on a MLB GPP last summer cashed out all but $300 of it and used it with some savings to buy a Canon 200 f2 lens. Still thrilled about it.

  • madmanjayWV

    was trying to quote this = dylandreadful +1 14 hours ago
    cash out 60%

    THIS ^

    Won $600 a couple times for runner-up in the $2 FD squeeze single entry — I took out like $400+ each time……one year I bought Club Seats with it to watch the Indians at Progressive Field…those are great seats/great deal if you can get them discounted ONLINE

    Another year when I was in Baltimore visiting my sister — I got me and my buddy Warren G from New York some YANKS/O’s tickets to catch a series @ CAMDEN YARDS……. we were going to 2 games the series b4 and 1 SPANKS/O’s game — but changed that up real quick —

    Gotta love MLB PREMIUM game tickets!!!

    CONGRATS!

  • scott33

    Hit for a couple G’s on Christmas Day last year, withdrew $1500 & bought my mom the Smart TV she wanted for Christmas that I originally couldn’t afford & bought my girlfriend a bunch of stupid sh!t. As for advice on what to do with your winnings, I’d take out at least 50% & leave the rest in your bankroll. Keep playing the same amount you’ve always played. Don’t go crazy & congrats on the win!

  • Kmasonbx

    Made over 2k this past Christmas, rode it out through the end of the year then left 1k on DK and played from there. I’d definitely recommend to lock in gains but leave enough that you can play your normal games and endure a downswing.

  • NarrowJ

    I’ve hit numerous pots up to the $3,000 – $5,000 range because those are typical of the prizes given in the smaller entry fee contests I like so much. I did win a $10,000 first prize on an MLB 2-game slate last summer that was $10 entry and another for a $7,500 1st prize on NBA which was actually a $4 entry, I believe. Typically, I cash out everything but maybe $100 or so. So, basically, enough to play my normal amount.

    I’ve thought a few times that I might try to up the stakes, but I have 3 kids and a job and don’t have time for the kind of research it would take to make me comfortable playing more than $100 a night. And, as-is, I have been extremely profitable for what is just a fun hobby for me (I have been filing anywhere between $5,000 -$15,000 per year on a 1099-MISC) so I am afraid to change much of anything.

    So, I would take out everything except for what you’d normally have in your account and use to play on a daily basis. Maybe leave yourself a little more if you want to test the waters in the higher buy-ins, but just don’t let yourself get burned too badly.

    PS- I play GPPs only, range in entry from $0.25 to $15 depending on how confident I am in my plays for that slate.

  • eaglezzz

    Anytime I win over $1000 on a night I typically cash out 80% of it.

    Sometimes DFS can be easy come easy go.

  • BerkeleyBoss

    IRA contribution baby

  • jayzee666

    I won $4.75 once a few years back and bought a venti double latte with extra caramel drizzle from Starbucks!
    Those were the good ole days!!

  • CUTiger81

    I’ve been lucky enough to take down a couple decent ones over the years and have usually just cashed out at least 80% but the biggest was 20k in the 2017 baseball season. Took out half of it and just set it aside to save. Upped my stakes for ab 6 months and lost more of it than I should’ve so I backed down to my normal stakes and still play off that money from a couple years ago.

  • lpdev

    A bunch of wise people here. Taking money out and buying stuff.

    I got overconfident and decided I was better than everyone else. Lost it all quickly. I’ve since discovered that I am actually better than everyone else, but that doesn’t allow me to get by with poor bankroll management.

  • kbarnhill7523

    • 552

      RG Overall Ranking

    • Ranked #86

      RG Tiered Ranking

    • 2018 FanDuel WFFC Finalist

    • x2

      2017 FanDuel WFBBC Finalist

    If you take something big down and down cash out a large percentage of it… you are doing life wrong.

    I’ve been fortunate to have about a dozen 5-figure days and one 6-figure day and now all my debt is paid off, my kids have their college all set up and I got to pick my job based off what I want to do vs. what I have to do to make more money.

    Pay yourself and make something real out of it. If you are really good, more big cashes will come. Then you can pad the bankroll and move up stakes. But always pay yourself.

  • yountingly

    • 339

      RG Overall Ranking

    • Ranked #48

      RG Tiered Ranking

    I make a pretty good living with my regular job so I’ve mostly either banked some of the cash or taken the family on a vacation. Any family vacation in recent years was paid for by DFS including Disney for a week in 2017 after winning $12.5K and last year we rented a house in the Outer Banks for a week after I had a big baseball win.

    Like others have said, I would withdraw around 80% after a big win (over 1K).

  • ValuableTrader

    @kbarnhill7523 said...

    If you take something big down and down cash out a large percentage of it… you are doing life wrong.

    I’ve been fortunate to have about a dozen 5-figure days and one 6-figure day and now all my debt is paid off, my kids have their college all set up and I got to pick my job based off what I want to do vs. what I have to do to make more money.

    Pay yourself and make something real out of it. If you are really good, more big cashes will come. Then you can pad the bankroll and move up stakes. But always pay yourself.

    This, 100%. That is if you want to continue to make money playing DFS. Big wins are key to continued success.

    I’ve had a few 5 figure payouts in poker, nothing in DFS “yet”. My biggest win, 6 digits, was also playing poker a few years ago online.

    Pay those taxes, put a good chunk away, treat yourself and then build on it.

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