Bankroll Management Challenge Week 1
September 30th, 2006 by wbtczn
After listening to a podcast where Chris Ferguson described how he took $1 and turned it into $20,000 via online play I threw a challenge out to my fellow THFers. Let’s try the same thing. 10 others decided to join in this endeavor, and we’ve finished the first week. I’ve got 2 goals for this challenge:
- I thought this would be a fun challenge for people to get into together and to share what works for each of us (and what doesn’t).
- I thought it might help me get a bit more focused on handling my bankroll.
I’ve started the challenge on Pokerstars, playing primarily in the $0.01/$0.02 NL ring games. I’ve found that extreme patience coupled with playing premium hands / position is the way to go. I only had one negative session…it was a session where I lost $10 in about 20 minutes in about 3 hands. In one of the hands I had pocket jacks, and had a jack on the flop. Bet it hard to the river and I got rivered (sorry, don’t remember with what). As Doyle Brunson said on High Stakes Poker, “it’s hard to bluff an idiot”. Many of the people playing these micro limits won’t ever be accused of being poker-savvy.
After one week my bankroll stands at: $14.24