Two year anniversary of this challenge!
Just had a nice cash. 2nd out of 1715, in a $2.75 buy-in on PokerStars, for $515. That's just what I need to get my challenge restarted. Did you notice the $2.75 buy-in? I am still playing micro stakes, in an effort to rebuild my Bankroll.
Now at $1192.81. Here's the chart.
This is very typical of Tournament Poker. Lots of small loses while you wait for the big score.
This can be very challenging for those who hate to lose. It is why Bankroll Management is such a key to success in Poker.
I started this $0 to $10K challenge to test the Bankroll Management techniques, discussed much earlier in this Blog and reproduced below;
Here's my original post from September 2011. (I have been at this for two years!)
How much money can I earn, starting with $0?
As an experiment, I have decided to try to earn as much as possible, $10,000 even, starting with $0.00.
Here's how: I'll enter some freeroll tournaments on the Betfair Poker Site. When I cash in a freeroll I'll win maybe $.02, maybe $0.10, maybe even win the freeroll and earn $1.25. From this small stake I'll play 'micro' level Sit n Go's and try to accumulate some $$$.
My goal is $10K, but I'll have to do very tight 'bankroll management' and it may take a long time in micro stakes, before I can move up to bigger stakes.
For example when I have $1 in my account, I'll never play for more that $0.10. If I have $10.00 in my account, I'll never play for more than $1.00 and so one.
I'll play mostly tournaments, initially, and only with a bankroll greater than $250, would I start playing some micro stakes cash games.
