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#31
12-17-2006, 12:54 AM
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Re: $20,000 from $1
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#32
12-17-2006, 11:00 AM
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Re: $20,000 from $1
Hey Bob,
There was an article in Bluff magazine, where the author said that he had a system that would make like $28 an hour. His name was Jim Rose, and he said that Ferguson used it to turn a dollar into $20,000. But in Ferguson's podcast on FullTilt he makes no mention of only playing those hands. "Chris “Jesus” Ferguson – who’s a good friend of mine – took a dollar and turned it into $20,000 over a five-month period using my system – just for a lark in his spare time. Isn’t that funny? They’re a little tighter online than they are in Vegas, so what you want to do is play four screens at the same time, each with sixty dollars. Doing that will actually make you more money. That comes to $37 per hour and some change." http://www.bluffmagazine.com/magazine/2005_11_42.asp Paulie
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#35
12-17-2006, 02:21 PM
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Re: $20,000 from $1
His simulations came out to $28.64/hr.
Chris taking $1 to $20k almost certainly was not getting the same average since he was playing at so many different levels on his way up. He also said that because they are a little tighter online you will want to play 4 screens at a time each with $60 in your stack. Obviously Chris was not able to have $60 in his stack when he started his little project. It seems a bit strange that he is claiming that Chris only played these hands when he did it but that Chris didn't mention this in the interview. I also have my doubts as to whether such a system could really win $28-ish on 2/5 NL. Seems to me it might be above break-even against lousy competition. But you are paying a lot of blinds just waiting for those big hands to come around. Ed Miller's short-stack strategy allows you to play more hands than that and those who have done it aren't getting 5BB/hr I believe. I'm not much of a cash-game NL player so I'm really not an authority here. But I don't think this system can win $28/hr at 2/5 NL and I don't think it's the system Chris used to turn $1 into $20k.
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#36
12-17-2006, 02:29 PM
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Re: $20,000 from $1
Even lousy competition might realize he's playing extremely tight after awhile. Plus, if you count the time lost while going to other casinos, getting back on waiting lists, then that definitely cuts into it.
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#37
12-17-2006, 07:04 PM
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Re: $20,000 from $1
why exactly would people pay money for play money?
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#38
12-17-2006, 07:32 PM
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Re: $20,000 from $1
[ QUOTE ]
why exactly would people pay money for play money? [/ QUOTE ] Because: 1) To learn the software and have fun. 2) It's a way to keep score. 3) They don't realize it's game that isn't worth keeping score in.
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#39
12-17-2006, 07:37 PM
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Re: $20,000 from $1
[ QUOTE ]
why exactly would people pay money for play money? [/ QUOTE ] I think it's basically to be able to brag about it (i.e., to be able to show up at a table with all those chips). -Mike
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#40
12-18-2006, 08:34 AM
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Re: $20,000 from $1
[ QUOTE ]
why exactly would people pay money for play money? [/ QUOTE ] Its much cheaper for most people than paying for real money chips
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