Double or Nothing Challenge

In an effort to build my BR fairly quickly and steadily I am going to try the following:

Play 100 double or nothing SNG at the $10 level - record my progress here in this thread. I figure that if I can maintain a win rate of 65%, that would give me a profit of $260. I will multi table no more than three at a time.

Hopefully this does two things. One, increase my bankroll. Two, increase my focus as I know I will have to report my progress for all the world to see.

Starting BR = $40

this has inspired me to do my own challenge - play 100 double or nothing donk n goes and try not to die of boredom in the process!

don't mind me, gl sir.

sounds like a nice "challenge" good luck in your endeavor

$40 to start with. What happns if when multitabling the 1st 3 you get a cold run of cards and loose? With the rake you don't have enough to buy in for the 4th table. This experiment could be over very quickly. But good luck, hope it goes well for you. I guess you just need to get off to a god start.

I was thinking along the same lines as diamond that the bankroll given the $10 tables doesn't leave much wiggle room, but I guess you need confidence going in. The early pressure could be tough. Good Luck.

Three buyin downswing should be rare in these. Its pretty hard to lose.

But not nearly impossible. If he looses just 2 then that third table is a Must win or he can no longer buy in.

5 people DO lose every game.....I think I probably average losing one in 4...out of not a very big sample....funniest thing happened yesterday.

Guy had 50 chips, was forced all in with blinds...big stack raised small stack went all in....well, guy with 50 chips won main pot....150ish, maybe 175, I don't remember exactly. Anyhow, couple hands later.....remember, we have this guy with 150 who's losing 10 or 25 chips a hand, we have a guy who's pushing...he's got 1k chips or so...he ends up all in by the turn...and....loses...It was a CRAZY game....hahaha

i would agree that is certainly not a large enough bankroll to try the experiment out with....you should try getting it to at least 60$ before attempting.....that gives you a cushion if you do go out on the first three...if you are one of those rich folk then try giving it a shot if you are looking for a challenge

That's not nearly as big of a starting bankroll to play the $10s. A solid SNG player I know has grinded a few hundred of these, he had a stretch where he cashed in 14 out of 15, followed by a stretch where he only cashed in 4 out of 15. Even if you play great, losing 3 in a row is VERY possible due to variance.

With a $40 BR why not try this in the $5 games?? It would give you a bit more of a chance if the cards DO go south

I appreciate the concern for my BR everyone. Up to this point I had been winning up to 80% of these that I entered. So I felt pretty confident that this would be easy.

Boy was i wrong. For some reason, everyone was still around when the blinds got to 100 / 200 in two of the games - and it just became an all in luck fest. My JJ got busted by 44 when a 4 came on the flop and in the other my 99 was taken out by KK. the third game was just horrible play on my part.

So now I have $5 in my account and will have to see what we can do to increase it. I really don't want to make another deposit so hopefully the poker gods smile on me this week.

I will restart this challenge when I am up to $100 in my BR. For all the newbies, there really is no better advice than to follow a proper Bankroll Management system, hopefully I have finally learned this lesson.

seriously? in the long run maybe 60-65% ITM is sustainable at low limits, and three buyin downswings will happen a lot given that.

how are you guys playing this double or nothing sng? i played 5 at pokerstars and cashed in 3, and i didn't find a good strategy for playing it yet.

so how are you playing it?

I asked this at one of them...what if everyone goes all in first hand...1 winner and 9 losers, who picks the 5 then?

it's not like your the only one, everyone and one point or another goes beyound the percentage of thier BR, and loses.
you should always keep in mind the percentages, 10% BR investment. if you keep a limit as this, you won't lose it all at once.
and you'll have some reserve to use to try and recoup your losses.
i don't know your circumstances. but if you want to limit your deposits or if now you have to wait till you win $$$$, your in a sore situation.
sorry it didn't work in you favor - it would of been nice to here of $$$$$ victory!!!!!

lol @ thinking you could do it with $40
POSTER BOY FOR BANKROLL MANAGEMENT


I didn't know you were blond BD
what choice would they have but to split the remaining prize pool with all the losers ?

I've been playing the 5 dollar ones.
Thur my bankroll went from 69 to about 115 bucks
Fri I lost 3x in a row and and quickly stopped playing them,
Today I will try again and if I lose 3 in a row,I'll stop again.
If I win I'll keep going till lose 3 in a row again.
see what happens.

play them uber tight...1 or 2 good hands and a nice pot is all you need...when the blinds go up . the fish will scare and are easy pickens
get a lead and let them do all the work

I had played a few dozen and it looked like something like 75% was sustainable at lowest limits (it was really terrible), but people have adjusted (some with a clue are multitabling) and now they're just annoying.
I meant it would be unlikely to lose an original 3 buyins right away, and once you're up, large enough downswings to break you would be unlikely. Of course you're right three buyins at any time would happen quite easily, especially since the winrate really is going to be closer to 60% than 75%.

If there is ever a tie at the bubble, the remaining prize money is split among those that went out at the same time.

Thus, the person who won would get 10 dollars, and everyone else splits the remaining 40$, each getting $4.44 or $4.45.

Of course, the person who went all in last is completely stupid, as he/she could nearly guarantee a win by not playing the hand.

Some of you are extrapolating a 60% win rate. I haven't crunched any numbers but a 10% margin doesn't seem to be enough to overcome the rake to have a worthwhile net profit.

With a 60% win rate you will win $6 for every $10 SNG you play. Minus the $1 rake and you ave a 50% ROI. This is very, very good imo.

No, a 60% winrate when just doubling your money is ~9% ROI when rake is included.

Um yeah... kind of ignore my above post. Sorry just a drunk post without thinking it through.

I've had my share of those . Yeah I thought it was going to be an easy way to have a 30%+ ROI, but it would be a pretty mind numbing way to earn 10%+

ruff game...but somebody's got to win at it.

good luck at the tables.

One thing I notice about these games is nobody wants to make a move in the beginning. It's great time to pad your chip stack. A little here, a little there. Pretty soon you have a nice size chip stack that can weather higher blinds until you get your hand.

Well, I made my last deposit on PokerStars, if I lose this one I am only playing freerolls. I started the challenge again and have won 4 in a row !!

Rather than posting my entire bankroll on here, I have decided to just put my win / loss record in the $10 Double or Nothing SNG.

Record 4 - 0

i think I should stop posting these things, it only gets me into trouble.

Record 7 - 4

Good luck! I am very interested to see how you do, and how long it takes you if you can reach your goal of 100 DoN at that $10 buy in

Ok so the small sample size of twenty games are in. So far not too bad, maintaining the win rate I wanted, ok not wanted but could live with, of 65%.

Playing three at a time, in the Turbos, takes about 30 minutes, so this has taken approximately 3 hours to do, for $14 per hour. Not a bad part time gig. And I still play MTT and cash games too.

Record: 13 - 7

Hand ranking? 2nd to 5th best hand cash

Good luck to you......... Keep us updated........... I'll soon challenge myself as well........ Actually I am challenging myself at the moment..... I want to see if i can make a BR from absolutely nothing....... aka the ferguson challeng......... good luck to you again..........

I am running a little better now. After 36 games

25 - 11