Tuesday, August 25, 2009

How Chris Ferguson turned $0 into $10,000 in 16 months

From $0 to $10,000

I picked up this information from the Full Tilt Site.

Looking at their write up, Chris Ferguson used very strict guidelines and had to start playing in freerolls. It took him 7 months to have enough of a bankroll to play in cash games!

Chris Image via Wikipedia

When he finished 2nd at a MTT he won $100+. From there it took him 9 months to take that $100 and turn it into $10,000.

I wonder if it was harder to get out of the freeroll level and into cash, or to go from $100 to $10,000?

You can check out the article on the Full Tilt website: http://snipurl.com/r2qne

I posted his guidelines here in case you wanted to give it a try:

* 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
* He didn’t buy into any multi-table tournaments for more than 2 percent of his total bankroll; the only exception was $1 MTTs
* 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 wonder what Chris did to pay the bills during those 16 months=)
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Jonathan Gelling said...

What kind of MTT only pays $100 for placing 2nd? Maybe one of these $4 180 person SNGs? Or one of those $0.50 crazyfests?

Mitchell said...

"He turned a $1 tournament buy-in into $104 in prize money when he finished second in a 683-player tournament." From Full Tilt site

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