Party Poker Bankroll Challenge
Jamie Kerstetter, long time Grindette and PartyPoker New Jersey Pro is running a 7 day $50 Bankroll Challenge this week. The Challenge is simple, in her words:
'The idea is to start with a very small deposit, maybe $50, and grind from $2 sit n go’s and very small cash games, moving up gradually in stakes when my “bankroll” allows it. I’d document every day what stakes I’m playing and update my bankroll.'
Today is day 5 of the Challenge. Her results thus far are pretty admirable:
Day One: Played $2 SNGs, NL4 - NL10, and 2 freerolls. She finished the day with $69 in cash plus a freeroll win with an equity value of $100.
I'm willing to start a bankroll challenge. I'm micro stakes player who plays just for fun, but hopping that one day I'll become nosebleed crusher:D I was playing MTT's few years ago, but now I really dont have any time for these, because I'm working abroad and doing it really long hours (12 a day, 6 days per week). This is a discussion on Bankroll challenge within the online poker forums, in the Learning Poker section; Hello everybody. I would want to start bankroll challenge from 50 euros to try to go till. Doug Polk is back in the news once again, this time for completing his $100 to $10,000 bankroll challenge. The YouTube superstar turned the summer doldrums of poker and cryptocurrency into a daily stream on WSOP.com. Building A Bankroll From Zero-The Chris Ferguson Challenge. Poker is a great equalizer. Anyone with the skills can be successful, man or woman, young or old, sedentary or athletic. Some would argue that poker discriminates against those without a lot of money - that without a big bankroll, you cannot be successful in poker. Party Poker Bankroll Challenge the most confusing and misunderstood concepts in gambling is the odds. It's important to remember that Online Slots Party Poker Bankroll Challenge games operate randomly, no matter how many wins or losses have occurred in the past.
Day Two: Played $5 SNGs, $1-$5 Satellites, NL10, a freeroll, and the $10 BI $500 GTD. She finished the day with $104 in her account and another $105 in tickets to future events. She did manage to satellite into the $5k GTD event and finished 10 spots from the money. Getting close to a big run up in bankroll even with the conservative requirements.
Day Three: NL10, a few SNGs and MTTs. Jamie took 2nd in a $5 MTT for a $93 cash. She ended with a cash balance of $184 plus $100 in tickets for future events.
Find out how she wraps up in the Party Poker NJ blog.
Not everyone can expect to turn $50 into $285 over the course of three days, but Jamie is crushing this challenge and demonstrating how hard work at the lower limits can lead to real profits. Add to it your 100% initial deposit bonus and you're truly in business.
If you're in New Jersey or will be visiting soon, start your own Bankroll Challenge.
It's not exactly a huge surprise that my hourly rate playing poker online sucks, but at least I can measure it and try and improve it as I work through my next two challenges, and that's a start I guess.
I've been using an excel spreadsheet to track my results more or less since I started playing poker online and I continue to use it even though I now use Poker Tracker to record everything and am reasonably comfortable finding my way around it. I log every game in my spreadsheet and it gives me a really nice snapshot of where I am at. I start a new page in the spreadsheet each month, or with each new challenge and have a summary page at the front that errr... summarises everything. If you don't alreaqdy use a spreadsheet or Poker Tracker to track your game, you should. Feel free to download a copy of my poker spreadsheet and use it yourself. I'll post a video tutorial on Poker Tracker sometime soon as it is a bit daunting at first, but the data it can give you is just awesome.
Live Poker Bankroll Management
Poker Bankroll Chart
The challenge took approximately 2.6 months, during which I played for 163 hours. That equates to approximately 1 month's work in a 9-5 job. After all that effort my hourly rate equates to $2.48. To put that in perspective the national minimum wage in the UK, expressed in dollars is $11.38. To feel comfortable enough to become a professional poker player I would want to be earning £75,000 a year which would equate to an hourly rate of approximately $75. For my next two challenges I need to be looking to increase my hourly rate rather dramatically, lets set a target of say $4.00 per hour on my Full Tilt Challenge and $7.50 on phase 2 of my Party challenge. In short I need to play more hours, with more simultaneous tables, at higher levels and achieve better results. Should be easy then!!!!!
That's it for this quick post but I'll post some more statistics on phase 1 of my challenge soon, so we can drill into the profitability of different game types and start looking at hand ranges, positional play etc..