Tuesday, October 27, 2009

I'm Back to Document the $10K Challenge

Hello everyone,
Sorry for my long absense from blogging. I had a long period there where I lost a lot of interest in poker. The whole scene and lifestyle started to wear on me, so talking about poker was the last thing I wanted to do. Blogging took even more effort, and so my heart just wasnt in it.

However, my passion for the game has been renewed by a good friend and one of the best tournament players I know (yes, I taught him everything he knows. HA!). My friend Travis is an avid student of the game and mentioned the famous $0 to $10K challenge that Chris Ferguson made famous on Full Tilt. This challenge sparked my interest because it is all about bankroll management, which most players dont have the discipline to to maintain. After talking with Travis, I decided I would do a similar challenge, but enforce my own bankroll management rules and see where it goes. Travis was already underway starting with $100 and trying to get to $10K. He shipped me $40 to start and I quickly grew that to $150 and shipped the original $40 back to him.

I know we are not starting at $0, but freerolling for weeks at times that are inconvenient to play are not worth my time. Instead I thought it would be good to show that you can make a small deposit and grow it slowly and steadily into something meaningful. My target is also $10K, however, once I reach $10K, I plan on cashing out any amount above $10K on a weekly basis and have the original $10K as my base bankroll.

I have been going for three weeks and am currently up to $800. I plan on keeping a semi-daily log of my progress here, as well as continue to explain my theory on Tournament bankroll management, as well as posting my self inflicted rules. So far, I have done a decent job of sticking to them, but have wavered a few tilty drunky nights. Luckily, I have not wavered enough to destroy my bankroll.

Til Tomorrow!

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