From $0 to $10k
Posted by pokerschool on Tuesday, November 16, 2010
Earlier this year I talked about Chris Ferguson, a well known poker professional that spends a lot of time on Full Tilt Poker, one of the top Texas Holdem sites on the Internet. In that entry I briefly mentioned that he had once turned $0 into $10k. I find this story very interesting since there are a lot of people out there that are not willing to wager any of their own money playing a card game. The Chris Ferguson Challenge demonstrates that anyone can earn thousands of dollars on money poker sites with a lot of work and dedication.
The Chris Ferguson Challenge was easy to understand: open an account on the Fulltiltpoker download, start with nothing, and one day finish with a $10k bankroll. Ferguson decided that he would give this profit to the Save the Children Foundation when he was finished.
Good players know that in order to succeed on the best US poker sites, they must manage their bankrolls properly. With this in mind, Ferguson made the following rules:
1) Participate in freerolls until a real money bankroll is established.
2) Never enter a STT on the Full Tilt Poker download for more than five percent of the total bankroll. The one exception is for $2.50 buy-ins.
3) Never enter an MTT for greater than two percent of the total bankroll. The one exception is for $1 buy-ins.
The Chris Ferguson Challenge went on for a very long time because cashing in freerolls on the best Mac poker sites usually means beating massive fields. You might even be shocked to know that it was over 7 months before Ferguson had a steady bankroll of $6.50! As a professional, Ferguson understood the need to keep plugging along, however. He finally scored relatively huge with a runner-up finish in a 683 field. It was a $1 tourney and he won $104.
This significant increase for the bankroll meant no more freerolls, but there was still plenty of work ahead. It is tough to turn a quick profit, even on US friendly poker sites. It wasn’t until 9 months after his $1 MTT score that he finally had $10,000 and brought the challenge to an end.
The key lesson to take away from the Chris Ferguson Challenge is that it is highly unlikely to succeed at such a challenge without sufficient bankroll management skills. For tips on this, I strongly suggest you get some applicable free poker training. If you want to be successful at this game, you must know how to protect your bankroll.
The Chris Ferguson Challenge was easy to understand: open an account on the Fulltiltpoker download, start with nothing, and one day finish with a $10k bankroll. Ferguson decided that he would give this profit to the Save the Children Foundation when he was finished.
Good players know that in order to succeed on the best US poker sites, they must manage their bankrolls properly. With this in mind, Ferguson made the following rules:
1) Participate in freerolls until a real money bankroll is established.
2) Never enter a STT on the Full Tilt Poker download for more than five percent of the total bankroll. The one exception is for $2.50 buy-ins.
3) Never enter an MTT for greater than two percent of the total bankroll. The one exception is for $1 buy-ins.
The Chris Ferguson Challenge went on for a very long time because cashing in freerolls on the best Mac poker sites usually means beating massive fields. You might even be shocked to know that it was over 7 months before Ferguson had a steady bankroll of $6.50! As a professional, Ferguson understood the need to keep plugging along, however. He finally scored relatively huge with a runner-up finish in a 683 field. It was a $1 tourney and he won $104.
This significant increase for the bankroll meant no more freerolls, but there was still plenty of work ahead. It is tough to turn a quick profit, even on US friendly poker sites. It wasn’t until 9 months after his $1 MTT score that he finally had $10,000 and brought the challenge to an end.
The key lesson to take away from the Chris Ferguson Challenge is that it is highly unlikely to succeed at such a challenge without sufficient bankroll management skills. For tips on this, I strongly suggest you get some applicable free poker training. If you want to be successful at this game, you must know how to protect your bankroll.
