This is a discussion on Thoughts on My New Bankroll Strategy within the online poker forums, in the Learning Poker section; So I was messing around on 888 last night, just looking at all the games they offered, and I had this crazy idea hit me.
So I was messing around on 888 last night, just looking at all the games they offered, and I had this crazy idea hit me. 888 has 1c step tournaments which are pretty easy to beat, just get a stack of 8000 to 10,000 chips and sit out...boom 10c step 2 ticket. But instead of playing step 2, you can use it for 10 handed SnG turbo tournament. If you play tight you can easily make 1st with a prize of a whopping 40c lol. With this you can play 40c double or nothing for wins of 71c (really 31c because the buy in was 40c). The DoN is easy also just play tight and stay above the blinds, everyone else will kill each other. Playing 10 games this way will bring you around $4, have to count for the buy in. So are we went from 1c to $4 with no real stress involved. This is as far as I've gotten today, had to work. When I reach $5 I'm going to play $1 DoN SnGs. I know its a slow grind and I COULD just risk it on the 1c/2c tables, but this works for me better. So tell me what you think.
So far so good.
It is a strategy to build a bankroll from scratch.
If the $1 DoNs don't work you can always use the earlier stages to start again and find something else to play with the developing bankroll.
Compare your method with a more standard approach, where you just continue grinding the very lowest stakes until you've got a big enough bankroll to justify moving up in stakes using conventional BRM. And let's assume you're actually a winning player, because all of this is kind of a moot point if you're not.
With your method, a small percentage of the time you'll grow your bankroll MUCH faster than you would using the conventional approach. But the vast majority of the time, you'll get busted back down to the start again.
With the conventional approach your progress will be much slower, but you'll also go busto FAR less often.
Better you play those 1cent satellites till you make 5$ ticket. Few times I had made from 1c to 5$ without rebuys. Then you can play some 5$ tourneys or sng's and make decent bankroll. But yeah your plan not bad aswell. GL!
Yeah - pro tip, this wasn't the method Ferguson used
made me LOL ty.
If I remember correctly Fergusson actually had a very slow start,
but got lucky binking a big cash in an out of BRM tournament.
Then used the winnings and skills wisely to build up steadily.
In case I didn't remember correctly anyones favorite search engine with 'ferguson challenge' should provide the whole story.
Or in the UK 'poker ferguson challenge' unless you are more interested in Manchester United's former manager's exploits.
Of course the original description has gone as it was a blog on the old fulltiltpoker site.
Bit of a Kill Joy there aren't any progress updates on this thread.
Man I think you are better off playing freerolls to build your bankroll as I see you getting ahead a few dollars and then crashing and buring and busting your bankroll in 1 night. Play as many freerolls as you can and when you score on a freeroll, don't touch it let it grow to $20 or more and then move it to stars.
Your bankroll is so small there is literally no bankroll management If I am not wrong those DoNs and step sngs are super turbos, that means massive variance even against terrible players. Its just about being lucky or not. To win couple of SNGs in a row, or lose them.