Every once in a while there is a story worth telling. I guess before the modern Internet as we know it, RGP had a fun open challenge. This was copied and translated in many different ways both online and live. Heck, I even did my own Great Bellagio Experiment. Glenn did WhiskeyTown’s OIC. One that seems to be remembered and copied the most was Chris Ferguson’s busto-to-bankroll run. These challenges seem to run closely to this: How can you take a mini-stake and run it up thousands of percents by playing a range of buy-in’s from the lowest micro-stakes up to whatever your skill level and bankroll can manage?
I heard of a story a few weeks ago that personified this challenge. Since I love these tales, I’ll reproduce it here, although I don’t have any facts nor am I claiming that the story is totally accurate. It is the point and the excitement of it all that counts!
Carl is a tight aggressive player. He played Stud in the old days and became a pro during the poker boom when anything was possible for a good player with a winning history, proper bankroll and few obligations.
He transitioned from Stud to NLHE and basically any game where the money was good and easy. He also played a lot more tourneys during the boom, but they weren’t his forte and he seemed to do better on side games surrounding the big festivals.
Fast forward to the crash. Carl got mega burned out on poker. Things got even worse following Black Friday. Poker just wasn’t fun or even that profitable anymore. But Carl is a cautious man by nature and had saved up his easy millions. He invested, he has a pension. He didn’t need to “work” anymore to survive.
About a year ago, Carl decided to chill for a while, until he knew what to do with the rest of his life. He went down under for a walk-about, and also spent time exploring New Zealand. Once he returned home, he couldn’t decide whether to leave the states, only play live, get into another field altogether or simply retire and continue to bum around. Since he was still under 40, it seemed like a long time to be retired for good.
A friend of his suggested a play money site to practice on to see if he still had any fire left for poker, and online play specifically. Carl tried it out a few times and found that he still liked poker. So he decided to put a little stake on a pay site and see if he could run it up a la the OIC.
Starting with just $10 he played the super micro-stakes. The money was pretty easy at those levels considering Carl had been a middle/high stakes pro. Plus Carl played the lowest stakes available and always stayed within his $10 bankroll. He grinded big time. He didn’t sit around and complain about not playing ‘real poker’ as so many players do. He just put in his time, rode through the suck-outs, put away false pride and raked in the money.
Soon he was moving up to the next level. Moving up meant that he was able to play more than just NLHE. He incorporated PLO and O8 into his routine. He didn’t play every day, after all, it was supposed to be fun, not a job!
Now let’s fast forward a couple of months. Carl is playing middle stakes again, using his initial $10 to build up a bankroll to grind 10/20 games. Carl is sitting on a bankroll of about $12,000.
In the meantime, this chickyparm grinder has turned her one penny stake to $250 in the past three weeks. Hmmm, 2,500,000% BABY!