| Posted by: gra605 at August 12, 2007, 12:53 am | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
This is my strategy too - but some sites give free bankrolls from time to time and its nice to have a head start. Trying to grow with freerolls at the moment, dipping toes into small sit n gos and tourneys too.
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| Posted by: smithsj1 at August 11, 2007, 10:49 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
I started this same challenge on BetFred a few months back and won $1 in a freeroll there. The trick on BF and related sites is getting into the FR as all 1,000 seats are normally taken in about 90 seconds after registration starts..
Anyway I was grinding the $0.09+$0.01 SNG's for a few weeks and I'm now up to about $4 but to honest I've not played it for a while so I do need to take up the challenge again.
Interestingly I was listening to a podcast from Bryan Micon the other day and his Limits he recommends are way higher - 200 times buy in for MTT's and 100 for SNG's and 500 bb for cash games. I personally think my risk tolerance isn't that low so I'm happy to go someway between the two recommendations.
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| Posted by: OzExorcist at August 10, 2007, 6:59 am | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
I think I'm going to give this another crack - I'm expecting it to take forever though: because I'm in Australia, weekends are about the only time I can play a whole freeroll (unless I want to be playing the bubble at 3:00am, when I sure ain't gonna be playing my best!)
I think it might actually be harder to do this on Full Tilt than other sites too, because they don't offer 1c/2c cash games. The only option you really have once you cash in a freeroll are the $1.25 SnGs - and even then, they only offer two forms of NLHE (90-player and 9-player, from memory?), HORSE and Razz at that level, and the HORSE/Razz games don't draw many players.
Anywho, if people are interested I'll post updates from time to time
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| Posted by: bulletsaa123 at August 9, 2007, 8:03 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
hey guys, i am currently doing this. i have about 60 bucks on Ultimatebet right now from nohthing, and a whole 1.27 dollars on bodog from the freeroll i played there yesterday. i plan to try to build up my bodog one and Full Tilt Poker through this sites freerolls and to get my Ultimatebet one up to 100 soon
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| Posted by: Thewebmaster at August 9, 2007, 2:40 am | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
Hi all,
I read about chris's challenge a few days before it was posted here, they also had a graph of his progress but I couldn't quite work out where he actually was in terms of bankroll, anyone else work that out?
Anyway I would love to give this a go, as Egon said the hard part is playing those freerolls and managing to keep those couple of dollars until they add up until you have enough to start playing the real money tables, that first part could take a couple of months and would require a great deal of patience.
My question is when do you start the timer/countdown? From your first actual win or from a date, from the first freeroll you play in that you decide to do a challenge like this or like I said from the first actual money won.
I noticed that Chris's challenge must have been running a while so it wasn't posted like the day after he decided to take up this challenge so my guess is that it's recorded from the first win, anyone confirm this?
It wouldn't be... | | Read Entire Entry |
| Posted by: Egon Towst at August 7, 2007, 5:57 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
I recently passed the $3000 mark at one of my favourite sites, from an initial deposit of $30.
I have never succeeded in building a big BR from absolutely nothing, though. Those ery early stages, trying to scrape together a couple of dollars in a freeroll and then grow it in the tiniest of the ring games, are too much hassle IMO.
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| Posted by: OzExorcist at August 7, 2007, 12:04 am | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
Great article that one, it's actually the reason I signed up for online poker. Has anyone else put it into practice right from the start (ie: starting from $0)?
I decided to give it a bash, finally won $2 in a freeroll, then finished one place from the money in a $1.25 SnG. The whole process took a couple of months (I play maybe one or two nights a week), now I'm contemplating just making a deposit and applying the bankroll management strategy to that amount.
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| Posted by: fishfood at August 6, 2007, 10:56 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
God bless you for this post....I have been wracking my brain for what levels I should be playing at. I have a $500 br and am going to start even more conservative at the $5 sng's untill I consistently get itm 70% of the time and then move up.
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| Posted by: belladonna05 at July 25, 2007, 8:23 am | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
Quote: Originally Posted by jaymfc
thats because he is a long haired hippy , and probly smokes weed . he is smart though and one of my favorites lol . question for everyone , when should br management start ? if i put 20 bucks in its pretty hard to do. i think br managment is for people with min. of 100. i mean i try to get as much alue as i can from my 20 but cant do 5% thing. anyone agree?
He spent 5 years as an undergrad and 13 as a graduate student at UCLA and has a PHD in computer science. I guess it might be a stretch to call him smart, heh.
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| Posted by: pezjb at July 25, 2007, 7:58 am | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
Quote: Originally Posted by jaymfc
thats because he is a long haired hippy , and probly smokes weed . he is smart though and one of my favorites lol . question for everyone , when should br management start ? if i put 20 bucks in its pretty hard to do. i think br managment is for people with min. of 100. i mean i try to get as much alue as i can from my 20 but cant do 5% thing. anyone agree?
I don't think Chris smokes herb one thing. Plus, BRM is ery easily done with $20, but you may have to go slighty over the 5% mark (and 10% mark lol). I started with $20 a week or two ago and sat at $2.25 SNG, placed 1st in a bunch.. got my bankroll to $40 and then never looked back. Looking at about $250 right now.
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| Posted by: jaymfc at July 25, 2007, 2:55 am | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
thats because he is a long haired hippy , and probly smokes weed . he is smart though and one of my favorites lol . question for everyone , when should br management start ? if i put 20 bucks in its pretty hard to do. i think br managment is for people with min. of 100. i mean i try to get as much alue as i can from my 20 but cant do 5% thing. anyone agree?
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| Posted by: belladonna05 at July 24, 2007, 9:15 am | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
When people discuss their favorite players, I rarely see Chris in the majority. Ive learned more reading from him then all the flashy ones put together lol. Dont forget he had the majority hand in designing and starting up full tilt also.
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| Posted by: Jack Daniels at July 24, 2007, 7:30 am | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
Well, if you're going with the 5% rule for SNGs, then your BR would need to be $110 to support $5.50 single table SNGs. Now if your BR is $110, then you could also support up to the $2.25 MTTs as well as $5NL ring.
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| Posted by: KMC1828 at July 24, 2007, 7:24 am | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
i've been having trouble on the 2.25 SnG's, mainly because people play like idiots. What would a better solution than playing the 2.25 SnGs? I've been trying the 90 man $1 SnG's on FT, maybe i should check out the rings. i doubt moving up to the 5.50 sng's would be "allowed" would it?
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| Posted by: diamond_06_06 at July 24, 2007, 4:19 am | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
Hi all, i have been lurking around these parts for a bout a month or so and have gotten alot of really good and usefull information here. So a Big thanks to all.
I figured that now is about a good a time as ever to become an active participating member.
I have a quick question about BR management while multi-tabling. I have only just begun playing 2 tables at a time so am really asking for the future when I learn to play more tables at once. My question is if I wish to use proper BR management and I am playing more than one table do i spread that 5% over all the tables or is it OK to sit with 5% at each table?
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| Posted by: BulldogHOF at July 23, 2007, 9:04 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
I have learned a lot from Chris Ferguson regarding BRM (bankroll management) and it's importance. I know firmly believe that BRM is actually more important in a player's success than strictly poker PLAYING knowledge is. Yes, it is part of knowledge - but i am comparing skill in terms of poker playing and skill as in BRM.
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| Posted by: britisharmy1 at July 22, 2007, 3:35 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
Yeah BR management is being applied on my next deposit, i was careless last night on pokerstars, i sat down on a .10/.25 NLHE table with $20 left in total BR, i struck lucky and myself and 4 others had an all-in party, i won with the full house, bumped my chips up to $62, then changed to .50/$1 NLHE i sat down on a table with 1 other player heads-up me sitting with full bankroll and him with $145 he had me covered twice, i played stupid on crappy hands like 1 pair, 2 pair, and 3 of a kind (with both draws on the board) and always came out loosing, only money i won was when he folded crap hands on the small blind, i accedentally went on full on tilt and all-inned on 2 pairs of 7s and 9s he beat me with 7s and 10s proper gutted, i guess my eyes got bigger than my stomach, i should have stuck to .1/.2 or .2/.5 until i reached a sufficient BR.
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| Posted by: Egon Towst at July 21, 2007, 10:38 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
Great thread.
Chris Ferguson is the master of this sort of thing and it`s sooo important.
Most newbies (and a lot of experienced players who should know better) don`t grasp that it`s not enough to learn to play a good game of poker. BR skills are just as important and, unless you master those too, you`re going nowhere in the game.
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| Posted by: jaymfc at July 21, 2007, 10:05 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
ya i didnt get all of that either jd but anyway , my investment will always be about 5% of br cause its so small and i took it that when you double up, get out soon after. if br was bigger and started with 2% then quit after it represented 10%, right .im gonna start trying to follow those rules but its hard with my br . whats 5% of $1.37 ? lol,jk.
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| Posted by: Jack Daniels at July 21, 2007, 5:05 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
Quote: Originally Posted by rauel1980
he was no fulltilt 3 days ago and he cleanes up on a razz table he has too leave the table when he reaches 10% of his bank roll! my brother and i figered it out to been about 5000$ bank roll that puts him about 15000 short of his 20000 makr he is shooting for!
OMG! Please try using some additional punctuation, appropriate capitalization, and limit the text enhancements (e.g. underlining everything) in future posts. We're not asking for perfection in grammar, spelling, and all, but at least put forth some effort. It will greatly help with readability. Simple streams of consciousness aren't going to get you too far. kthx.
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| Posted by: rauel1980 at July 21, 2007, 5:00 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
he was no fulltilt 3 days ago and he cleanes up on a razz table he has too leave the table when he reaches 10% of his bank roll! my brother and i figered it out to been about 5000$ bank roll that puts him about 15000 short of his 20000 makr he is shooting for!
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| Posted by: Jack Daniels at July 21, 2007, 4:39 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
Good clarification dj, he was stating the latter. It's not about how much money others have at the table, that would be nearly impossible to find a table to sit at because of big stacks, etc. He means the money that is in front of him...if it represents more than 10% of his bankroll, then he must leave.
As a clarification to my earlier statement, this last bullet point is not one that we tend to push here when discussing BR mgmt. We tend to leave it more open ended where people need to play or leave based on how they feel, commitments, personal stop loss/gain choices, etc. But for ery strict BR mgmt and to minimize ariance, this third bullet is perfectly reasonable. I don't feel it makes him more conservative, per se. It is just the threshold he chooses and is no differnet than a person that says "I'm playing one hour and stopping no matter what and will stop sooner if I lose two buy-ins".
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| Posted by: dj11 at July 21, 2007, 4:08 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
Perhaps I never noticed it before, or I am reading it wrong, but his 3rd bullet point may be misinterpreted to mean something different than what it reads.
-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.
The money on the table to me means everyones stack. This suggest he is getting in with about 1% of his br if he can find such a table. And would in general be a lot smaller buy in than if it read - my money on the table represents more than 10 percent of my total bankroll.
It would be nice to follow his quest on a timelier scale than 3 month behind.
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| Posted by: Jack Daniels at July 21, 2007, 3:50 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
Quote: Originally Posted by tosborn
Chris is a little more conservative than what I have read here.
Great article, but I would disagree with this statement above. I think what he wrote is largely the exact bankroll strategy that we push here or bankroll security. Yes we have the reckless types, inexperienced BR mgmt sorts, and all, but of the truly serious players, the large majority follow these rules (in fact we have some that are even bigger nits). I think it is like anything else in poker, it's selective recall. Everyone remembers the guy that says deposit $20 and put it all on a $50NL table. That's an extreme and total lack of any BR mgmt whatsoever, so it sticks out.
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| Posted by: tosborn at May 2, 2007, 4:06 pm | | Topic: Chris Ferguson's Bankroll Management Forum: Card Chat |
I read this and thought that I would share it here. Chris is a little more conservative than what I have read here.
Chris Ferguson
April 27th, 2007
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 ba... | | Read Entire Entry |
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