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“The Chris Ferguson Challenge”
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Not everyone has big bucks to start their poker playing career. But with the right
mixture of responsibility and discipline you can turn zero or just a few dollars into
thousands. Team Full Tilt member Chris Ferguson showed us how the pros do it.
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Over the past 16 months, Chris was on a quest. His mission was to turn $0 into
$10,000. This obviously wasn’t about the money − Chris is doing just fine. Instead,
it was an exercise in bankroll management. As you can see on the real-time chart
below, Chris has now completed his mission and crossed the $10,000 barrier!
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So how’d he do it?
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Starting with nothing but a Full Tilt Poker account, Chris played in Freerolls
until he earned enough to graduate to games with a real-money buy-in. From
there, Chris built up his bankroll by adhering to this strict set of guidelines:
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1. He never buys into a cash game or a Sit & Go with more than 5 percent of
his total bankroll (there is an exception for the lowest limits: he is allowed to buy
into any game with a buy-in of $2.50 or less).
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2. He doesn’t buy into a multi-table tournament for more than 2 percent of
his total bankroll, but he’s allowed to buy into any multi-table tournament that
costs $1.
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3. If at any time during a No-Limit or Pot-Limit cash-game session the money
on the table represents more than 10 percent of his total bankroll, he must leave
the game when the blinds reach him.
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Then, on November 26th, 2006, Chris made a major breakthrough, turning a $1
tournament buy-in into to $104 in prize money by finishing second in a
683-person tournament. Even with that huge bankroll boost, it still took Chris
nine more months of hard work to reach his goal and break the $10,000 dollar
mark. After reaching $10,000, Chris pledged to donate his winnings to the Save
the Children Foundation.
Nice going Chris!
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Last month I decided to take the "Chris Ferguson Challenge" and try to duplicate
Chris' incredible feat. I challenge you to take the "Chris Ferguson Challenge" with
me. Together we can embarque in a quest to turn $0 into $10,000.
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Chris accomplished his goal through FullTilt Poker but you can attempt it at the
poker room of your choice. I have decided to play at UltimateBet because they
currently offer 24 daily freerolls and I like their blind structures.
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Since I began last month I have accumulated a small bankroll by winning one of
Ultimate's daily freerolls and building from there.
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Click on the thumbnail to view my actual
account balance.
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Below you can see a real time chart of my
progress.
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Be sure to check this page for detailed
weekly updates on my progress.
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If you decide to take the challenge with me please email me at:
chrisfergusonchallenge@reviewbestpokersites.com with your info and I will post
your progress on my site.
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Come on! Take the challenge.
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I'll see you at the tables,
RBPS
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