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For those
who haven’t heard of the Chris Ferguson Challenge – here is a short
summary of his project. The Poker Pro player Chris Ferguson started his
own mission – turn 0$ into 10.000$. This project was an exercise in
bankroll management – with clear rules for his buy in strategy.
From the very beginning the project Ferguson set up some clear guidelines he strictly had to follow:
- Never
buy into a cash-table or a Sit&Go with more than 5 percent of his
total bankroll (with an exception for the lowest limits: it was allowed
to buy into any game with a buy-in less than 2.50$).
- Never buy into a multi-table tournament for more than 2 percent of the bankroll to a minimum tournament buy in of 1$
- If at
any time during a No-Limit or Pot-Limit cash-game session the money on
the table represents more than 10 percent of the total bankroll, he
must leave the game when the blinds reach him.
Starting with an account at Full Tilt Poker with a balance of 0$ Chris Ferguson had to play freerolls until he earned enough for a cash-table buy in.
Eventhough Ferguson is a pro it
wasn’t easy for him to build up his bankroll. Especially at the low
limit tables he had difficulties picking up momentum for the first 7
months.
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