The Chris Ferguson Experiment.
In my poker experience, I've decided to use a conservative Bankroll management style. My goal is to beat the lower limits and move up when I can afford it. I also want to build my bankroll up so I can 'harvest' some of it later.
This was inspired by a recent Full Tilt Poker episode where Chris Ferguson talked about changing $1 into $20000. I have a similar goal, but it's to change $50 into $2000 in a year. I was reading the FTP forums and I was amazed how many people got this wrong and was risking everything.
The rules are as follows.
- Don't buyin for more than 5% of your bankroll at a single table or tournament buy in.
- When you made double your buy-in or more, quit that table.
- Play mostly cash games to limit variance. NLHE or PLHE.
- If you play side games like Omaha, LHE or big tournament, earn the buy in first, but
don't risk much of your pay roll.
I started in earnest with $50 in Pokerstars and $50 in FTP last november. I cleared the bonus in FTP and used that money ($50) to buy pokertracker software. I also have some live poker bankroll from a charity raffle I won at a Denver Poker Tour event last year.
Where I'm at.
With my current bankroll, I will have to pay the $0.05/$0.10 NLHE with the $4 Minimum buy in until I reach $200.
Full Tilt Poker: $174.90 + 1 * $26/ Satellite Token
Live Poker: ~$230.00