Originally Posted by thenewpauko
My wife has committed herself to a similar challenge, ala Chris Ferguson.
My guess is that over the past year or two, we have put in about $200 into various sites. We can afford it and we like playing, but I don't think we ever took it too seriously, and it was't a big loss.
However, starting from 0 and entering freerolls to build up is AMAZINGLY HARD. Just check out Ferguson's timeline on his web page on Full Tilt (http://www.fulltiltpoker.com/chris-ferguson-challenge).
Is it really worth it? Unless you are really strapped for cash, I don't think it is. My recommendation is to do 3 things:
1 Read as much as possible, maybe even taking time out from playing to do reading instead. There is a lot online for free, and plenty of books.
2 Watch higher end games being played. Open a tourney, pick a player, and follow him throughout.
3 Deposit $50, 100, or whatever you can afford, and then apply good cash management, using Ferguson's cash management (http://www.fulltiltpoker.com/pro-tips-archive.php?player=Chris%20Ferguson&tip=100)as a good guide.
I just think spending time on freerolls would be a waste of time as a means to build up, especially with the terrible poker being played. It gets better when money is involved, progressively better as the entry fee goes up.
Now, having said all this, let's see if I can apply myself to it!
Freerolls are not a waste of time, unless you waste your time playing them. But freerolls vs depositing is a personal choice in building a bankroll. You can risk your time or money starting out.
1. Chris took on the challenge not only to prove that bankroll management is so important, but also to better understand the mentality of many of the amatures who satilite into larger tourneys.
2. The build up time, it took Chris 9 months to break $30, teaches you a lot about disipline, patience, and bankroll management. In the next nine months he went to over $10,000.00. Yes he is a pro, and once he had a real stake he could build it quicker than a novice, but the never go broke bankroll management works for players of any skill level.
3. There are donks, drunks, the overly tired, and people with more money than poker skills at all but the very highest levels of poker. You have to learn to spot and play them no matter what level you play at. Even at the micro and low levels you will find really bad play.
4. Most people playing on-line at less than three digit buy-ins are playing mostly for entertainment. Think about what it costs for a 2 hour movie. Compare that to how much poker you can afford for the same price. No matter how much you enjoy the movie, you are never going to have the chance to get paid to see it...... This is why you can not get away from bad players just by depositing. If you can afford the deposit and have the skills to beat good players, what do you have to fear from bad players?
5. IMO, building a bankroll from freerolls the bankroll tends to be more important to the player than the "entertainment deposit." No this isn't always true, but seems to be true much more often than not.
Just a "freeroll whore's" opinion. I've built a modest bankroll from freerolls. Less than 6 months ago my poker skills were ZERO. I thought long and hard about depositing to get away from the so called "donkfests." I understand the thought process of desposting to learn, I just don't agree with it.