jueves, 8 de julio de 2010

Starting from Zero - Chris Fergusson

I'm almost a year into an experiment on Full Tilt Poker. I'm attempting to turn $0 into a $10,000 bankroll. With no money to start with, I had no choice but to start out playing Freerolls. Starting out, I'd often manage to win a dollar or two, but I'd quickly get busted and have to start over again. It took some time but, after awhile, I was eventually able to graduate to games that required an actual buy-in.

Even today, people don't believe it's really me when I sit down at Full Tilt's small stakes games. They ask what I'm doing down here, and often tell me stories about how they turned $5 into $500 or $100 into $1,000. Usually, these stories end with the person telling me that they went broke. There's no surprise there. These folks tried to quickly build a bankroll by gambling. They'd play in a game that was beyond their bankroll and, if they happened to win, they'd move up to a higher limit and risk it all one more time. Inevitably, they'd lose a few big hands and go broke.

For me, this experiment isn't about the money. It's about showing how, with proper bankroll management, you can start from nothing and move up to the point where you're playing in some pretty big games. I know it's possible because I did it once before, turning $1 into $20,000.

To ensure that I keep my bankroll intact, I've adopted some key rules:

I'll never buy into a cash game or a Sit & Go with more than 5 percent of my total bankroll (there is an exception for the lowest limits: I'm allowed to buy into any game with a buy-in of $2.50 or less).
I won't buy into a multi-table tournament for more than 2 percent of my total bankroll and I'm allowed to buy into any multi-table tournament that costs $1.
If at any time during a No-Limit or Pot-Limit cash-game session the money on the table represents more than 10 percent of my total bankroll, I must leave the game when the blinds reach me.
I think a lot of players would do well to apply these rules. One great benefit from this approach to bankroll management is that it ensures you'll be playing in games you can afford. You'll never play for very long in a game that's over your head because, when you're losing, you'll have no choice but to drop down to a smaller game. You can continue to sharpen your game at that lower limit until your bankroll allows you to move up and take another shot. These rules also prevent you from being completely decimated by a bad run of cards.

Dropping down and playing lower limits is difficult for a lot of players. They view it as a failure and their egos get in the way. Many want to remain at the level they'd been playing and win back their losses. But this can lead to some pretty severe tilt - and that can go through a bankroll in a hurry. I know that dropping down was difficult for me in my run from $1 to $20,000. When I first played in the $25/$50 game, I lost. Sticking to my rules, I dropped down to the $10/$25 game. I had a losing streak there and had to go down to $5/$10. That was tough. After playing $25/$50, a $5/$10 game was boring to me.

But I had the discipline to stick to my rules, and that motivated me to play better at the lower levels. I really didn't want to lose any more because I knew the consequences: I'd have to play even lower and work even harder to get back to where I'd been, which could take as long as a month. If you ever find yourself bored or frustrated playing at the lower limits, you're obviously not playing well. Take a break from the game. Often, stepping away can give you a fresh perspective and heightened motivation to play well when you return.

There are a couple of more tips I'd like to share regarding bankroll management. First, you should never play in a game that is beyond your bankroll simply because the game seems to be soft that day. It's never soft enough to risk money that puts your bankroll in jeopardy. The other point is that you should avoid playing in games that are at the top of your bankroll limits, when a lower game offers more opportunity for profit.

I'm confident that by sticking to these sound bankroll management rules, I'll make it to my $10,000 goal. These rules are sure to help you as well, as you pursue your own poker ambitions.

23 comentarios:

  1. It is really just about the most space-efficient and adaptable strength-training alternatives accessible.

    Also visit my site - weight sets for sale

  2. Among the the top dumbbells procedure on this type will be the Powerblocks, and IronMaster.

    Here is my web site http://www.getfitnstrong.com/bowflex-dumbbells/bowflex-selecttech-dumbbells-ultimate-home-exercising/

  3. The gliding, easy motion is rather uncomplicated on your joints and will preserve away accidents which can from time to time
    result from this kind of instruction.

    Here is my web page adjustable dumbbells sets

  4. A Bowflex 552 dumbbell goes together using a couple of two dumbbells that may be set up to fifty two.

    My web-site - click the following webpage

  5. You are able to work out as and if you come to feel like, probably during
    the early morning, or during the night.

    Feel free to surf to my weblog ... http://www.getfitnstrong.com/bowflex-dumbbells/bowflex-adjustable-dumbbells/

  6. A person regimen on the other hand containing shown
    to be effective in assisting reach almost all
    physical fitness goals is fat coaching.

    Also visit my page :: http://www.getfitnstrong.com/bowflex-dumbbells/fit-strong-bowflex-552/ Post Article Comments Name : EmailAddress : URL : Comments : Article Categories �

  7. But never be misled into believing how the bands will
    only work specific muscle groups.

    My web-site similar internet page

  8. Should your cholesterol ranges are superior, decreasing
    them can include a lot of disease-free years in your everyday living.

    Feel free to visit my web page :: Top

  9. The distinctions amongst the a folding treadmill as well as a common treadmill are couple of and far concerning.

    Also visit my webpage: weights dumbells

  10. One these device is definitely the swimming machine, also well-known by its regular type, the counter-current swimming

    Also visit my web page; dumbbell sets

  11. You could choose two light-weight resistance bands and blend them
    into a medium band, or blend various significant bands for more intense routines.

    Feel free to surf to my blog post - bowflex selecttech 552

  12. Even though aerobic exercise increases, your metabolic rate to burn
    off fat resistance schooling builds muscle mass
    power and adaptability.

    Here is my website: please click the next webpage

  13. In simple fact, whenever you integrate strength training although shedding pounds, you should manage to increase you
    total muscle mass.

    Also visit my blog; adjustable dumbbell set

  14. Click my link below for in-depth testimonials on the top rated adjustable dumbbell sets.

    Stop by my web page www.getfitnstrong.com

  15. Should you walk in a decently fast pace up a hill, you happen to be intending to obtain
    a great training session.

    Check out my web site ... Skip Navigation

  16. Undoubtedly, you will find a cadre of inventors all working diligently to show us, also to just
    take their spot in history.

    Feel free to visit my blog post: Going in www.Getfitnstrong.com

  17. Nevertheless, let us clear up some misconceptions about using the Bowflex Revolution.

    Check out my blog post ... bowflex adjustable dumbbells

  18. The Bowflex FT is often a great healthy for beginner and intermediate bodybuilders and physical fitness fanatics.

    My web-site; bowflex adjustable dumbbells

  19. They feel that with totally free weights, the exerciser is being forced to shift and command
    the burden as a result of a "full range" of motions.

    My web page ... free weights for sale

  20. A ripped corporel is definitely just one really worth

    Feel free to visit my web page - bowflex 552

  21. Sure variations are fantastic, but let us slice on the chase and narrow down the scope somewhat for quick
    and noticeable results.

    Visit my website ... bowflex adjustable dumbbells

  22. You will discover some Olympic body weight sets which include only a bench
    while others occur with leg attachments and which also make it possible for you to
    do squats and more.

    Check out my page: click through the next website page

  23. To buy your treadmill with all the Bowflex label, check out
    exercising websites.

    My web site - Skip Navigation