Showing posts with label Rules of the Challenge. Show all posts
Showing posts with label Rules of the Challenge. Show all posts

Friday, August 28, 2009

First Deposit

Tonight, I made my first deposit at Full Tilt. I am starting off with $50.00. The goal of this experiment is to take this intitial deposit and attempt to replicate the Chris Ferguson challenge. I am registered for one 45 player SNG at $1.25 and one MTT for $1.00. I will post key hands as they happen.

Rules of the Chris Ferguson Challenge

In case you are unfamiliar with the Chris Ferguson challenge, Full Tilt pro, Chris Ferguson attempted to turn $0 into $10,000. He started with freerolls and following some bankroll management rules, he was able to turn his freeroll winnings into $10,000. The total time to acheive this was about 16 months. The bankroll management rules he used are as follows:
  1. He never bought into a cash game or a Sit & Go for more than 5 percent of his total bankroll; the only exception was at the lowest limits: he was allowed to buy into any game with a buy-in of $2.50 or less

  2. He didn’t buy into any multi-table tournaments for more than 2 percent of his total bankroll; the only exception was $1 MTTs

  3. If at any time during a No-Limit or Pot-Limit cash-game session the money on the table represented more than 10 percent of his total bankroll, he had to leave the game when the blinds reached him
I am going to attempt to replicate his achievement with the exception of the freerolls. With my schedule it is hard to get registered for the freerolls before they start. Instead, I will start with the minimum deposit Full Tilt allows, $50. For more details of the Chris Ferguson challenge visit Full Tilt and look at Chris Ferguson's bio.