My money management tips for people who still want to play online poker:
2) Have at least two bank accounts. One for poker and one for your "real life" use. Most banks have some version of a "free" checking account, so other than a little effort, this will cost you nothing. But you will get some peace of mind. This is useful for a bunch of reasons. The main one is that you shouldn't have to worry if that rent check you just just wrote will bounce. There have also been a few rare occurrences of a bank account being flagged for suspicious activity - so have a backup in place (don't be like Full Tilt). Just avoid all of that and make sure all of your bills get paid and on time. It's also nice to have a backup in case you can't process wires at one bank but can at another. Or that you may be able to make a deposit with one bank's debit/credit card but not the other. That second bank account gives you a lot more options... and it's minimal cost!
4) Whenever your first check goes thru on the poker site, request the next one right away. This is all about process management. I used to adjust my play (when I still played) based on the lead time. Carbon takes 6 weeks to process a $2500 check. So I only play on that site enough to make $2500 in 6 weeks. Running that balance up to significantly more than you can cash out is retarded. There are other sites and skins.
5) Did someone say other skin? (later post)
Variance at the PLO tables
5 hours ago