I’m not sure how many people know about this. In poker circles it is a bit of an urban legend and the story varies quite a bit from version to version but here is the real deal.
Chris Ferguson turned $0 into $10,000 on Full Tilt Poker.
How the hell did he do this? $0 times a million is still zero right?
Well, yes and no.
I’m going to talk about Full Tilt Poker here because that is the site I’m most familiar with but I’m sure most other sites have similar programs to these.
Your starting point on the journey is the Freeroll Tournament.
On Full Tilt Poker both .com and .net you can enter one of the many Freeroll tournaments that they have daily.
Some have restricted entry just for residents of certain countries but there are always a few that are open to everyone one.
They have them for all games, I’ve played Hold’em, Omaha, HORSE, and Razz there.
So the tournament is free to enter, but here’s the good part, they actually have a prize pool with real money, $100 for most of them.
Well that’s all right. All I have to do is win some of that and I’m on my way.
You bet, top prize is $15 and it’s a sliding scale from there, place 9-27 win $2 each.
Shouldn’t be too hard right?
These tournaments almost always have about 2,700 entries, which means only the top 1% get paid and these can often take 4 hours or more to finish.
If you manage to win some cash in these you can start grinding away on the Micro limits tables at $.01/$.02 and earning some cash and some Full Tilt points. You will have to be very careful of your bankroll here though because variance can be a real killer to a $2 bankroll even with the minimum buy in of $.40
It took Chris Ferguson over 9 months to grind his way up to $100 so don’t think it is going to happen overnight, but it did take him only 9 months to then go from $100 to $10,000 so keep at it.
Another Freeroll is the play money entry. Once you get up to $500,000 in play money you can use that to enter another tournament, this one has a $40 prize pool, not as good as the other one, this one however usually has less than 200 entries though so your chances of winning are a lot better. You just need to put in the reps to win the $500,000 in play money, no small feat seeing as you start with only $1,000 on Full Tilt.
The last two aren’t exactly free, but they are to a point.
Once in a while Full Tilt has a bonus Freeroll. They just had one for instance for anyone that made their first deposit in March, it had a $20,000 prize pool.
WOW! That’s better than $100. You better believe it, and better still as the top 90 people get paid, starting at $80 and moving up to the top prize of $3,600. What’s even sweeter is that only 315 people were in this tournament. That means you only had to be in the top 1/3 to get paid! Too bad pocket aces can’t hold up against 77 or I would be counting some free money right now.
Last but not least are the Full Tilt Points. Full Tilt points are earned off your cash money games, so you are going to need to get some cash off of one of the Freerolls first. You earn these when you play in cash games and can then use these points to enter satellite tournaments into some of the really big games out there, a top finish in any one of those will build you up right away.
Good luck on the journey, I’ll see you on the the felt.