This is the article that inspired me to flip my bankroll..Read this as it shows his discipline throughout the months as he slowly built his bankroll from zero to $10,000..Of course he's a World Series of Poker Champion,but the basic rules of thumb apply! Be patient and don't lose track of your ultimate goal!
Not everyone has big bucks to start their poker playing career. But with the right mixture of responsibility and discipline you can turn a few dollars into thousands. Team Full Tilt member Chris Ferguson wants to show you how the pros do it.
Over the past 16 months, Chris was on a quest. His mission: turn $0 into $10,000. This obviously wasn�t about the money − Chris is doing just fine. Instead, it was an exercise in bankroll management. As you can see on the real-time chart below, Chris has now completed his mission and crossed the $10,000 barrier! Read more about the exciting final moments in Michael Craig�s Full Tilt Poker blog, as he was with Chris when it happened.
So how�d he do it?
Starting with nothing but a Full Tilt Poker account, Chris played in Freerolls until he earned enough to graduate to games with a real-money buy-in. From there, Chris built up his bankroll by adhering to this strict set of guidelines:
- He never buys into a cash game or a Sit & Go with more than 5 percent of his total bankroll (there is an exception for the lowest limits: he is allowed to buy into any game with a buy-in of $2.50 or less).
- He doesn�t buy into a multi-table tournament for more than 2 percent of his total bankroll, but he�s 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 his total bankroll, he must leave the game when the blinds reach him.
As you can see on the next chart, getting started wasn�t easy. In fact, it took more than seven months of steady play until he got his bankroll to stabilize at about $6.50.
Then, on November 26th, 2006, Chris made a major breakthrough, turning a $1 tournament buy-in into to $104 in prize money by finishing second in a 683-person tournament. Even with that huge bankroll boost, it still took Chris nine more months of hard work to reach his goal and break the $10,000 dollar mark.
Be sure to check this page for a detailed update from Chris on how he achieved this amazing feat. Now that he has reached $10,000, Chris has pledged to donate his winnings to the Save the Children Foundation.
To learn more about how you can turn good play and patience into thousands of dollars, check out Chris�s Pro Tip on bankroll management. Remember that when you play in a game or tournament that is above your head, you are putting your entire bankroll at risk. If you plan ahead and play smart, you will be able to survive any bad beat or lousy run of cards without being crippled. Chris Ferguson knows this, and now he�s proved it beyond a doubt.
Original Article http://www.fulltiltpoker.com/chris-ferguson-challenge
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