How should I turn this initial $50 into a respectable BR?

Hello, I am planning on trying something new to create a separate BR without making a deposit. I will be recieving a free $50 no deposit bonus from "Your Poker Cash (YPC)" for full tilt poker. I want to turn this into a very large respectable bankroll with minimal risk of ever going bust. I want to hear some opinions on what you may think is the best way I should go about doing this to ensure myself success. I am in no rush here to build it too quickly but i want to at least double it or more within the first few weeks or so. What do you think is my best path for doing it? BTW, I prefer to only play No Limit Holdem.

With proper Bankroll management, of course. Read Chris Ferguson's article on it if you haven't already. Other than that, all I can say is play at tables with limits you consistently win at, even if that's just the lowest. After a while you can move up.
Good Luck!

Fulltilt isn't great for microlimiting. IIRC, their lowest limit is $.05/.10, which you aren't really bankrolled for by good BR management standards, and (again, IIRC) they charge a pretty good rake on their $1 SNGs.

I'd say $2 SNGs are your best bet.

" I am in no rush here to build it too quickly but i want to at least double it or more within the first few weeks or so. "

The feasibility of this depends entirely on how much you play. You better be incredibly good or play an incredibly high number of hands to expect to double it that quickly.

Play patient at the 2 dollar sit n gos at FT as they are the closest to staying within BR limits with the 50.00 starting roll. Stay away from Ring games as you need a much larger roll then this to deal with bad beat swings. set a limit on how many games you will play a day and quit when you take a bad beat. I usually played about 3- 5 games per day usually placing in 3 of the 5 games mostly first and second place. There always will be bad days where you might only place 2 for 5 but thats fine if you take first each game as you will be up at the end of the day.Thats the best advice I can offer you. Try this and see if it works for you and in time you will be moving up to 4 and 5 dollar sit n gos. Basic BR management 40 XX Buy in semi aggressive 30 XX buy in then 20 xx buy in for aggressive bankroll management. Judge the numbers on your winning percentages. Use checkyourbets.com to monitor your success and track winnings. This is a must of any winning player. Best of Luck!!!!

Yep. Stay away from cash games in my opinon with that kind of Bankroll.
Sure there are games out there that you can play within your bankroll, but it can disappear mighty quickly in ring games.

As suggested $2 SNG is best. There are so many articles on SNG strategy posted all over the net. Tight Agressive definately works at the lower level. Read some stuff about the gap concept. Know when to push when blinds are high.

That is my advice

read chris fergusons bankroll management blog on fulltilt and on pocket fives read the fox's bankroll management in their archives.. stay within your bankroll at all times.. dont ever tilt..

Okay well thanks for the advice so far. I guess I will give it a go at the $2.50 buy in tables on Fulltilt. So basically $2.50 x 20=$50 is what i'll be working with. I hope that is safe enough bankroll management. Also if anyone has any advice or possibly some helpful articles for dominating the 6 player and 9 player low limit sit and go's, I would appreciate it. I am already a fairly competent player at these levels but i want to start winning everything I enter if I plan on fullfilling my goal of building a massive bankroll within the year and my goal of cashing at the wsop in 2009. Also, what are your thoughts on playing the Fixed limit cash games. I found that the last time i played that, my chips just dwindled away slowly, and i never saw any noticeable profit from it. Maybe I was playing it wrong, because I am a fairly aggressive player and do well in larger tournaments somewhat consistently, but sadly i dont find the profit to be consistent enough to rely on by playing MTT's, unless you have a very large bankroll to sustain the variance of MTT's. Well, keep the comments coming, it is very helpful and much appreciated.
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pwnagefactor54 said:

Okay well thanks for the advice so far. I guess I will give it a go at the $2.50 buy in tables on Fulltilt. So basically $2.50 x 20=$50 is what i'll be working with. I hope that is safe enough bankroll management. Also if anyone has any advice or possibly some helpful articles for dominating the 6 player and 9 player low limit sit and go's, I would appreciate it. I am already a fairly competent player at these levels but i want to start winning everything I enter if I plan on fullfilling my goal of building a massive bankroll within the year and my goal of cashing at the WSOP in 2009. Also, what are your thoughts on playing the Fixed limit cash games. I found that the last time i played that, my chips just dwindled away slowly, and i never saw any noticeable profit from it. Maybe I was playing it wrong, because I am a fairly aggressive player and do well in larger tournaments somewhat consistently, but sadly i dont find the profit to be consistent enough to rely on by playing MTT's, unless you have a very large bankroll to sustain the variance of MTT's. Well, keep the comments coming, it is very helpful and much appreciated.
:icon_sant

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That seems like a fairly easy goal. We all do it.

You need to tone down your expectations a lot. I won't try to derail you from turning your $50 into a massive pile that can take you to the WSOP. That can be done if you are good enough and patient enough and play many, many, many, many, many hours.

But you need to stop thinking that there are magic secrets that you can use to win every tournament you enter, even at the lower level. You can't. No one can.

Poker isn't really about finding the super advanced strategy that makes your cards better than their cards every time (or at least autopushes your fold button when they aren't). It's about consistently doing the little things that give you an edge over a long period of time, and accepting that it may or may not work in the short run. What separates the vast majority of players from the winners isn't knowledge, it is discipline.

That's not to say that a truely great player isn't thinking on levels and playing strategy way beyond you or I. If you want to consistently win major events or high-limit cash games, you may need to get to their level. But to turn a small deposit into a large bankroll, starting at the lower levels, will be a matter of patience and discipline.

You will be sucked out on with miracle cards. You will get your TPTK called at all three bets by an overpair. You will face J8o with AJ on a J J 8 board. You will give players bad odds for their draws and they will play them anyway and hit them. You will make mistakes.

Just make sure that when you sit down at a SNG, your odds of winning are better than any single one of your opponents, even if your edge isn't huge. Then apply that edge consisntly over hundreds, thousands of SNGs. That's how you will make your money.

All I can say besides play good is BR management. There are plenty of good articles about it on CC you just have to find them. If AG finds this he will surely put a link here for you! GL

p.s. Don't go on tilt!

Well, thanks for all the advice, I will be sure to tell you what happens. One thing I am questioning though is that I did ask if anyone could maybe link me to some helpful stuff on dominating sng's, but mainly i just heard things about bankroll management, which is good and all, but I also want to start doing well in the games too. Thanks guys.
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pwnagefactor54 said:

Okay well thanks for the advice so far. I guess I will give it a go at the $2.50 buy in tables on Fulltilt. So basically $2.50 x 20=$50 is what i'll be working with. I hope that is safe enough bankroll management. Also if anyone has any advice or possibly some helpful articles for dominating the 6 player and 9 player low limit sit and go's, I would appreciate it. I am already a fairly competent player at these levels but i want to start winning everything I enter if I plan on fullfilling my goal of building a massive bankroll within the year and my goal of cashing at the WSOP in 2009. Also, what are your thoughts on playing the Fixed limit cash games. I found that the last time i played that, my chips just dwindled away slowly, and i never saw any noticeable profit from it. Maybe I was playing it wrong, because I am a fairly aggressive player and do well in larger tournaments somewhat consistently, but sadly i dont find the profit to be consistent enough to rely on by playing MTT's, unless you have a very large bankroll to sustain the variance of MTT's. Well, keep the comments coming, it is very helpful and much appreciated.
:icon_sant

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Yes sir this is the best you have to work with at Full Tilt with a $50 BR. Stay away from fixed / limit games as you will be playing with the fish who will chase down there ace and call everything. Play sit n gos trap like hell and get up big with chips. Then let the fish fight it out while you sit back and make the money. Well that is if you p;ay your cards right, there is always a chance you might be card dead. 20 x the Big bet or buy in is what BR system you are going by so dont move up real fast unless you dont mind playing the Aggressive BR scheme. I would say move up to 2 dollar games when you hit 80 bucks myself. I like slow and steady because it will not give you that god awful drop on youy statistics graph. I think its awsome that you are building a roll to try the WSOP 09 as I am doing the same thing right now. Im in a big tourney Dec 9th at the Borgata 500 + 50 NL mtt so hopefully I can place in that. Anyways sounds good if you stick to your game plan and dont over play your roll. Best of luck!!!!

Hard2Handle said:

All I can say besides play good is BR management. There are plenty of good articles about it on CC you just have to find them. If AG finds this he will surely put a link here for you! GL

p.s. Don't go on tilt!

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Tilt is for Newbies as bad beats are part of the game of poker. Get this I have had 6 today while in the money in MTT starting from 6 am this morning. Now if that dont put me on tilt nothing will.. LOL crazy game it is...

unlucky79 said:

Yes sir this is the best you have to work with at Full Tilt with a $50 BR. Stay away from fixed / limit games as you will be playing with the fish who will chase down there ace and call everything. Play sit n gos trap like hell and get up big with chips. Then let the fish fight it out while you sit back and make the money. Well that is if you p;ay your cards right, there is always a chance you might be card dead. 20 x the Big bet or buy in is what BR system you are going by so dont move up real fast unless you dont mind playing the Aggressive BR scheme. I would say move up to 2 dollar games when you hit 80 bucks myself. I like slow and steady because it will not give you that god awful drop on youy statistics graph. I think its awsome that you are building a roll to try the WSOP 09 as I am doing the same thing right now. Im in a big tourney Dec 9th at the Borgata 500 + 50 NL mtt so hopefully I can place in that. Anyways sounds good if you stick to your game plan and dont over play your roll. Best of luck!!!!

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Do you mean, hit $80 before I move up to $5 sng's? Because the $2.50 buy in sng's are what I will be starting at. I hope that sounds right.