Chris Ferguson on Bankroll Management...

[Talking Poker]

You probably heard how Chris Ferguson once turned $1 into $20,000 playing online. You may have also heard how last year, he decided to try to turn $0 into $10,000. Well, here is an update on his progress:


I guess he's still working at it. I think the most important part of that article, fpr all of us, but especially for the people with smaller bankrolls is the bankroll management "rules" he uses when playing:

That's pretty good advice. Follow it, and it will be extremely difficult for you to go broke.

[Invigilator]

Thanks for posting that article TP.

Definitely a rule I have been violating by playing the 25 Max NL tables lately, but I see the logic. Although I have not been hit hard by any wild swings in the last month, I can see those winds blowing all around me.

Recent advice that TP and others gave me about not going into a NL cash game with anything less than the max buy-in kept me from going bust a few nights a go. I was able to more than double up on a single hand about an hour in. 15 minutes later I took a nasty beat that brought me back down to around my initial buy-in. Had I gone in with $10 at the start( ), I would not have had the cushioning to absorb the later beat.

I feel really comfortable with the level of play at 25 Max, but I am definitely going to check out the .05 / .10 game this weekend.

I know I am emotionally prepared for one of those wild downward swings that will come in NL, but my bankroll is not as "mature" as I am.

TP's post entitled "Bitches..." under Beats and Brags is a good companion post for illustrating how things can go south FAST!

[Invigilator]

Hmmmmm...

I don't know how good it will go, but I think I will give this idea a try. I have been playing exclusively on PS so far. It would be interesting to see if I could build up any kind of money account. I have never really tried freerolls.

but..

If I get my "money for nothing" do I get "chicks for free" too?



If you get that reference, you are probably at least my age! LOL

[JDMcNugent7]

cant beleive he has the dscipline to bother with this.

[stormswa]

you did it didnt you? turned $0 into $100k in about a year was it?

[JDMcNugent7]

ya but i was broke, not a multimillionare.

[stormswa]

but thats his point in doing it, to prove it can be done for all the hopefulls out there. Plus I bet people play back at him alot more then they would against a normal person. You know like they say I outplayed Chris Fuergeson or I bad beated a pro sort of thing. So I think he gets paid off alot more then normal person.

[juiCe[3x]]

I know this is crazy but I'm going to try this like Chris is. I'll keep the money I got on PS for private tourneys for forum events but I'm really going to give this a try. Wish me luck

[Robbie Robb]

That ain't workin'...that's the way you do it.

[eejit101]

we've got to move these microwave ovens

[Ando05]

thats a pretty good article, ive been losin money a lately and after readin this artice it actually helped me out a lil, thx tp for postin this

[thrash1294]

geat advice ... I have also heard him talk about buying in short and multi tabeling and when you double up leave ,rinse and repeat. He called it risk managment poker.