Hooloovoo's $50 to $1,000 challenge: Bankroll $55

[Hooloovoo]

Gonna try to build a bankroll from $50. Playing freerolls on Diamondbet and Betfair. Deposit $25 on WillHill and Virgin each. The Chris Ferguson challenge, where he went from $0 to $10,000 is very inspiring. I need a lesson in bankroll management, and this is it. This is the premise:

• Never buy into a SNG for more than 5% of my bankroll. (Exception for lower limits, where i can buy into any SNG for $2.50 or less)
• Never buy into a MTT for more than 2% of my bankroll. (Exception for lower limits, where i can buy into any MTT that costs $1)

These are the exact rules Mr Ferguson set up for himself and in my opinion they make alot of sense. (He also had a rule for cash games, but i skipped that since i am no cash game player) EDIT: I have revised the challenge due to a good discussion, see below. My original intent was to go from $0 to $10,000 but several good points were made against this. It made much more sense to skip the initial $50, and i also trimmed down the target to $1,000

[glceud]

Re: Hooloovoo's $0 to $10,000 challenge I say it every time some one starts this kind of challenge do yourself a favour and start of with $50 rather than waste 3 months of you life trying to win the initial $50. As for a site the gcasino freerolls are giving money away at the moment so that looks as good a place as any to start. All the best:ok