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Following in Ferguson's foot steps.
- 5-30-2008
So as most of us are aware, Chris Ferguson has
come up with the objective to turn $0 into a $10,000 playing online poker. Now I saw this and was
quite intrigued by the idea, so I figured I too would give it a shot. Chris had
laid out some pretty strict rules about his bankroll management, something that
takes a whole lot of patience and self discipline. Now my bankroll management
skills are no where near as good as Ferguson's, so here is my general rule
outline:
Now I know, hit and running is poor poker etiquette, but these are the rules I had set for myself and had to follow them. I figured I was doing well, so I bought in for another $2.50, and did this about 6 times, each leaving with $5. So I was just around $30, and I decided to give the $3.30 re buy a shot. I did not re buy or add on, and placed in the 50's for about $26. I then played in a $5.50 18 person sng, and did poor in that.
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So I took a step back and analyzed, how have I won the majority of my money so far? The answer was cash games and tournaments. I bought in for $5 again at a $.50/1 limit Texas Hold’em (which is crucial in my opinion to maintaining and building a bankroll) and left when I was at $10. I did this over and over, and before I knew it I was just over $100. I realized this:
Sng's were not great for me as I was not that strong at them, so I decided not to play them anymore. Tournaments are great if you finish final table or better, but only make a small profit if you just finish in the money.
Cash games are my strong part of my game, so I decided to spend 75% of my bankroll on cash games, and 25% of my bankroll on poker tournaments. I eventually kept building up from buying in with $5 and leaving when at $10, and currently am sitting at just over $200. So from $0 to $200 is a pretty good start, and I encourage you to give it a shot! Set your own guide lines based on your strong points of your game, and before you know it you will be on your way!
- Turn $0 into $1000 in one month
- If I play in re buys, I can not re buy or add on
- If I buy in at a cash game, I leave when I am up double, or down half. Example, I buy in for $2.50, and would leave either at $5 or $1.25
- The highest buy ins for poker tournaments and sit and go's will be $10.
Now I know, hit and running is poor poker etiquette, but these are the rules I had set for myself and had to follow them. I figured I was doing well, so I bought in for another $2.50, and did this about 6 times, each leaving with $5. So I was just around $30, and I decided to give the $3.30 re buy a shot. I did not re buy or add on, and placed in the 50's for about $26. I then played in a $5.50 18 person sng, and did poor in that.
ÂÂ
So I took a step back and analyzed, how have I won the majority of my money so far? The answer was cash games and tournaments. I bought in for $5 again at a $.50/1 limit Texas Hold’em (which is crucial in my opinion to maintaining and building a bankroll) and left when I was at $10. I did this over and over, and before I knew it I was just over $100. I realized this:
Sng's were not great for me as I was not that strong at them, so I decided not to play them anymore. Tournaments are great if you finish final table or better, but only make a small profit if you just finish in the money.
Cash games are my strong part of my game, so I decided to spend 75% of my bankroll on cash games, and 25% of my bankroll on poker tournaments. I eventually kept building up from buying in with $5 and leaving when at $10, and currently am sitting at just over $200. So from $0 to $200 is a pretty good start, and I encourage you to give it a shot! Set your own guide lines based on your strong points of your game, and before you know it you will be on your way!