Great conversation between Full Tilt’s Podcast and Chris Ferguson.
Great conversation between Full Tilt’s Podcast and Chris Ferguson.
Black Dueces is an online poker player that’s trying to go after Chris Ferguson turning a mere $50 on Full Tilt Poker into TEN DIMES.
At this point, he’s stuck at about $100 which isn’t too shabby. Doubling one’s bankroll in 11 days is pretty cool. On to $200!
Managing your money is an important consideration for any aspiring poker player. Regular players should establish a monetary reserve known as a bankroll; ideally, this money should be kept separate from savings accounts and spending cash. Here, I will describe some common rules of long-term bankroll management; casual players should read Bankroll Management: My Style for tips related to infrequent poker playing.
For simplicity’s sake, Texas hold’em will be used in all examples, seeing as how this is now the most popular poker variant by far. When attempting to establish a bankroll, the first thing you must do is “pick your poison”; that is, choose one game that you would like to play and stick almost exclusively to that game. If you want to play only multi-table tournaments, do so; if you prefer shorthanded limit games, partake in them and them alone. This approach makes bankroll management easier, as each variation requires modifications to your strategy. Moreover, it also allows you to specialize in one game, hopefully maximizing your win rate.