OK, so I'm starting with $10 and playing ring game NL hold'em online at PokerStars. A few rules:

1. I won't move up in limits unless I have 500 big blinds for that limit. I'm starting at $0.01-$0.02 with a $10 bankroll.
2. When possible, my buy in amount will allow me 5 buy ins at that limit. For example, if I have $5 left, my buy in for the game will be $1. I'll continue to do that until I dip below the min buy in.
3. I will play only NL cash games. I'll try to play full ring games as much as possible.
4. NEW: If I double my bankroll in a session I'll quit on my blind to help avoid risking too high a percentage of my bankroll in any one hand.
5. NEW: At about the $5-$10 limit I may decide to increase the number of big blinds required to move up in limits. 500 BB's is plenty for the micro games, but could be rather short for the higher limit games with better opponents. I'll base my decision on when to do that at my discretion.
6. NEW: I may also lower the buy in amount for the higher limit games from 1/5th of my bankroll per session to 1/10th of my bankroll per session. Again, I'll make that decision when the time comes.
7. NEW: When the amount needed to reach the goal is less than the 1/5th of the bankroll buy in, the buy in will be equal to the amount needed to reach the goal. Example: If 1/5th of the bankroll is $4.50 but you only need $2.50 to reach the goal, the buy in for the next session will be $2.50.



The goal is to get to a $100,000 bankroll which would allow me to play $100-$200 NL. I'll still play other things from time to time using a separate bankroll. For example, the $200-$400 HORSE game, etc. I'll track my results in this thread, keeping track if the limit, hands played, and result. I'll also be doing videos of it at PokerVT.com.

Limit Hands Played Result Bankroll
$0.01-$0.02
69 +$1.37
76 +$4.92
20 -$3.25
25 -$2.60
61 +$2.20
18 +$0.67
25 +$0.24
64 +$1.78
46 +$0.93
76 -$3.25
43 +$1.30
33 +$0.30
47 -$0.30
65 +$2.71
60 +$2.92
49 +$4.39
9 +$0.93
====================
Total 786 +$15.26 $25.26


Money Won Per Hand: $0.019
BB/100: 9.71
Buy in for next session: NEXT LEVEL


Limit Hands Played Result Bankroll
$0.02-$0.05
61 +$9.05
83 +$9.43
46 -$0.54
47 +$2.74
15 +4.74
====================
252 +$25.42 $50.68

Money Won Per Hand: $0.101
BB/100: 201.75
Buy in for next session: NEXT LEVEL

Limit Hands Played Result Bankroll
$0.05-$0.10
68 -$10.00
26 +$12.15
93 +$20.85
22 -$10.00
48 -$10.00
42 -$10.00
64 +$9.65
30 +$19.10
57 +$7.35
6 +$1.70
78 +$12.15
20 +$7.35
60 +$6.20
82 -$0.70
106 -$6.55
35 +2.35
99 +5.90
65 +6.00
52 +0.60
19 -10.00
87 -10.00
89 +22.85
19 +8.95
====================
1267 +$75.90 $126.58

Money Won Per Hand: +0.06
BB/100 7.59
Buy in for next session: NEXT LEVEL

Limit Hands Played Result Bankroll
$0.10-$0.25
59 -$25.00
35 +$18.90
185 -$24.00
64 +$17.85
26 +$31.55
46 -$25.00
117 -$24.00
9 +$2.90
34 +$31.45
92 +$21.55
89 +$32.70
69 -$25.00
187 +$22.20
52 -$25.00
43 -$25.00
60 +$36.65
73 -$25.00
13 -$25.00
60 +$49.80
188 +$23.25
76 -$25.00
72 -$25.00
158 +$21.40
51 -$3.60
83 -$25.00
40 +$24.30
27 -$25.00
68 +$29.30
36 +$29.20
44 -$12.65
130 +$7.45
57 +$38.95
40 +$21.00
32 -$5.00
32 $-7.50
51 +$18.45
====================
2438 +$127.10 $253.68

Money Won Per Hand: +0.052
BB/100: +5.084
Buy in for next session: NEXT LEVEL


Limit Hands Played Result Bankroll
$0.25-$0.50
63 +$18.50
52 -$50.00
64 -$44.40
39 -$35.55
9 +$47.10
1 -$37.85
39 -$30.30
91 +$6.30
23 +$29.45
30 -$31.35
74 -$25.10
65 -$20.10
8 +$39.65
133 -$6.80
19 -$22.65
59 +$21.85
68 -$14.05
37 +$21.65
90 -$0.65
17 -$23.85
83 +$31.80
88 +$26.50
74 +$36.45
159 -$38.00
46 -$30.40
38 +$48.50
61 -$34.05
34 +$35.10
41 +$32.95
140 -$40.85
18 +$43.95
121 -$41.45
116 -$33.20
84 +$26.30
=====================
1982 -$94.55 $159.13


Money Won Per Hand: -0.064
BB/100: -4.77
Buy in for next session: $31.80

Total Hands Played: 7583
Money Won: $149.13
Money Won Per Hand: $0.020


When my bankroll gets to $50 I will jump to the $0.05-$0.10 game. Why am I doing it? Should be kind of fun and it will help me have a better understanding for these lower limit games and the best approach to beating them.

Having a big session right now. Currently up $5.33 after 55 hands...

people will ship you teh dollars and cents if you wanna jump through the micros faster

Its gonna be so tought I tried something similar and wanted to gouge my eyes out after about 3 weeks. Just give the challenge a break if you feel yourself not playing your best.

And here we thought you had a tough time taking even $2500 tournaments seriously!

try using the search function

http://www.fullcontactpoker.com/poker-foru...howtopic=132209

lock it up

How much side action do you have on this endeavor, I'm wondering.

Good luck with this DN, I look forward to the updates.

Head, meet wall

I'm willing to stake you the full amount - 50/50 NSB

PM for details

Funny, I am attempting just the opposite.

I deposited 10 k, and seeing how long it takes to be playing 01-02 again.

good luck playing against all the idiots that will try to bust you with 72o

If this is true, it won't take him as long as we think to move up limits.

Daniel, any interest in Tom Dwan's million dollar challenge? I only bring this up because I remember your 500k heads up challenge at the Wynn back in the day. I realize 4 tabling 200-400min (nl/plo) + 50k Hands is a whole different animal of course.

http://www.bluffmagazine.com/poker-news/To...llenge-1705.htm

I would seriously doubt DN would want to take up any challenge of this magnitutde online. Besides, he only has ~$10 in his account right now. As we know "you can't play with napkins".

I don't think this is what the Bible meant when it tells us to be more like Jesus

^^

This is wat happens when your born rich and bored.

One of the more interesting endeavors I've seen. Ferguson's venture was more anecdotal than anything, whereas Daniel's will be documented for PokerVT. If nothing else, it's a lesson in discipline and patience. May the variance be with you!

It took me a while, but now

BWAAAAAHAAAAA

Good luck. I'm doing a $10 challenge starting today, but only playing .10/360 SNGs.

So... for example, if you're playing $1/$2, and you lose, you will never move down to .50/1? I don't think that's going to be very easy. I think LHE would be better for this challenge.

Welcome to the grind Mr Negreanu.

I think we should have prop bets for what level he goes broke at

I really do look forward to sitting down at the tables with you

me and a friend are doing the same thing. we started at 0 on tilt.we are working on 1 on stars also but its sooo flippin hard to win cash in freerolls there.
any suggestions would be a great help. i even looked up the private games to find something..lol
i have made it upto $50.14 on tilt. 1 freeroll cash $1.60 win

Got your Tylenol ready?

just saw daniel get busted by quad kings,ouch,the chat box was going crazy,surely thats gotta piss people off lol

That was sick!!! Had my 2.60 up to like $8.37 in a game and run KK into AA on a board of 7-7-10-7... brutal. Great game too with a guy shipping $5 in every hand. Oh well... still up $0.44.

That's good. I thought the challenge was over after that hand and you were trashing your house

If you want to lose the rest of todays profit we could play some .04/.08 Stud8.

Good luck Daniel but I don't see how you could possibly be successful (I have blogged about it here: http://blindtilt.com/?p=238).

I guess I am trying to do the same thing, but I started with $50 at 2/5NL and currently my bankroll is $1,229 with a $50 bonus due around the corner. You can follow my progress here: http://blindtilt.com/ .

My current moving up rule is that I must have 35 buy-ins at the higher level! I am playing 10c/25NL 6max atm. My bankroll got up to $1,500 in December and I moved up to 25c/50c NL (30 buy-ins) where I immediately got hammered losing 7 buy-ins in less than 2,000 hands. So Daniel, I just don't think your strategy is going to cope with that entity known as variance.

Good luck anyway and I will be following with interest!!

Hi Daniel,

Great challenge. Have been reading your blog for ages, but this thread made me join the forum!
Just curious:

Do you multitable?
Do you use any tracking software?
How many hours a week are you planning to put in?
Are you posting strange/typical hands?

Very decent pokerplayers I know have experienced 10-15 buy-in losses caused by simple variance. Are you just hoping this won't happen to you, or do you think you can play a certain way that causes lower variance? (not pushing every combodraw for instance )
Hope you find the time to answer these.

Good luck for now!

Okay, i've been around here forever but someone needs to explain this to me. Shouldn't the first lesson of playing micro's be bankroll management? With the ridiculous play and variance at these levels having 5 buy-ins is pretty silly and not a good first lesson. Apparently you are going to take any winnings and just jump up to a higher level everytime you have a good session which would mean you could drop back to $10 anytime so you will be risking most of your bankroll alot or am I missing something?

Secondly, the goal. 100,000? How long is this lesson, a couple years? I realize you can likely move up faster than the Smasharoo limit lesson but after a month he was barely 25% of the way to $1000 let alone 100X that, and he was a regular online grinder. Is the plan to just jump in occasionaly and whack out 30 or 40 hands here and there?

The whole idea and goal here seems a bit umm, well pretty high expectations without alot of forethought. Help me if i'm missing something.

Basically I think Daniel's just having some fun and doing a bit of research for some new videos for PokerVT.com. I have no doubt he's serious about his goal, but let's face it, it's not like he needs the money. It's just a personal challenge he's set for himself. Also, if I remember correctly, he's not expecting this to happen in any sort of short time-frame. I think he even mentioned as many as 3 years. I think it'll just be interesting to see how things end up going for him, and to see if variance catches up to him, or if he's able to overcome that and reach his goal. Should be fun to watch!

What is this topic doing on the Politics board?

hahaha

OH, thanks Bob.

LOL, no that's not me.

Daniel loves to compete at things even when there is little or no money involved. It's why he's so passionate about our hockey pool.

My guess is that variance will grab him at some point and he'll end up going broke. And yes Daniel I'm willing to make a prop bet on that.

love that!!

anyone else intersted in a prop bet?

Popular grassroots poker challenge

I like this a lot and have subscribed to the daily email feed for it. Good luck and the PokerStars Team owe your wine cellar a case of red wine (Cakebread 2005 would be a good choice if they can track it down) at the very least for the idea.

Good luck ... an appropriate thing to say considering that in the micro limits, they tend to play like caffienated squirrels calling anything that moves!

Sounds fun. Good luck!

what a try lol^^
GL to you Daniel anyway

but i think some other kind of chellenghe would be better for you and easier to achieve, for example like 100 cashes in any live tournamens in a year or so..
but as long as its fun enjoy it =

Good Luck Daniel hopefully I can run my roll up by doing something like this also.

Ha. Since you brought it up I'll wager that if DN gets to $1000 playing within the limits I'll join PokerVT for one year. If not you (FCP Bob) has to endorse the 2009 PACT calender. (Even thought there will never be such a thing).

I may be able to wrestle the creator out of the depths of hell to create the 09 version. Let me know before I use my super secret powers.

I think somebody already mentioned it earlier, but what about multitabling?

If you think the plays at your current limit are goofy, try an MTT/SNG with <$1 buyin, if your curious.

I have no involvement with Poker VT so need to modify the prop bet.

How about we change the PokerVT membership to you having to come up with a special but easily prepared tasty recipe for me.

LOL, okay deal. I just hope I don't end up eating crow

So does Bob.

I'm glad Daniel is doing something like this but I don't see how he's going to make it over like $1,000 using a 5 buy-in rule (unless he uses his super-user account of course).

I also assume he's not going to be using any tracking software and will probably be 1-tabling?

Anyway, it would be more than epic if he made it considering how easy it is to have a 5 buy-in downswing in NL.