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Chris "Jesus" Ferguson "proved" an application of this theory back in ~2009 [1]. He was a the time promoting Full Tilt and commited to turn $1 dollar bankroll t
by fernandopj 2y ago
Chris "Jesus" Ferguson "proved" an application of this theory back in ~2009 [1]. He was a the time promoting Full Tilt and commited to turn $1 dollar bankroll to $10000 by applying a basic strategy of never using more than a low % of his bankroll into one tournament or cash game session.
So, if one's skill would turn your session probability to +EV, by limiting your losses and using the fact that in poker the strongest hands or better tourney positions would give you a huge ROI, it would be just a matter of time and discipline to get to a good bankroll.
Just remember that for the better part of this challenge he was averaging US$ 0.14/hour, and it took more than 9 months.
[1] https://www.thehendonmob.com/poker_tips/starting_from_zero_by_chris_ferguson https://www.thehendonmob.com/poker_tips/starting_from_zero_b...
- kelnos 2y ago> Just remember that for the better part of this challenge he was averaging US$ 0.14/hour, and it took more than 9 months. But consider the rate of return! He turned $1 into $10,000 in 9 months. Could he then turn that $10k into $100M in another 9 months? Or if he'd started with $100 instead of $1, could he have turned that into $1M in 9 months? That would still be incredibly impressive. Certainly the game changes as the bets and buy-ins get higher, but even if he couldn't swing the same rate of return with a higher starting point and larger bets (though still only betting that same certain low percent of his bankroll), presumably he could do things like turning $5k into $1M. Even $100k into $1M would be fantastic.
- lupire 2y agoI think the challenge is that the larger you bet, the harder it is to find people who are bad at basic strategy poker but willing to bet against you for a long series of bets.