Sunday, March 29, 2009

How to Start a Poker Bankroll From $0

There are several ways to start a poker bankroll without investing 1 cent. Here are 3 different ways I started a bankroll from $0;

How to Start a Poker Bankroll From $0
1) Free Poker Bankrolls
This is probably the easiest way to start from $0. Pokerrooms want to bring more customers and are willing to pay people to come play at their site. The bankrolls are usually between $5-$150 and usually have a cashout restriction such as play 500 hands before you can cashout(Cashout restriction is there to prevent someone requesting a cashout without playing).

VC Poker $10+$25 Free Bankroll only has a 1 hand cashout requirement and is therefore good as your first free bankroll you try. Free bankrolls such as Pokerstars Free $50+$50 is better after you get more experience because you have to past a quiz before you can get the money and you have to get 500FPP points within 90 days(which is not very difficult). I have made a list of the best Free Poker Bankrolls here. I like Free Bankrolls because they give you a chance to test the site out and see if you like it. Plus it's free money and if you lose it than just move onto the next free bankroll with no consequence.

2) Freerolls
Every pokerroom has freerolls. The 2 things to look for is how many players are in the freeroll and the prize pool. You might also want to look at the blind structure and look for past freerolls to see how long the tournament takes on average. I have set up a Freeroll Script with the latest freerolls.

3) Play Money
Surprisingly there is a market for buying and selling playchips where people actually buy/sell playchips with real money. Pokerstars playchips are most valuable and harder to accumulate. Full Tilt and Party Poker playchips are less valuable but you can still get some money for them. As far as I know, it is not illegal to buy/sell play chips. If you do wish to sell, here are some tips; (If you wish to buy playchips than I suggest you get a free bankroll instead)

- Make sure the website looks professional and is not a free domain
- Bargain and negotiate, don't be eager to sell and be willing to say no if the price is not right.
- Send a small increment first to find out if they are trust worthy

The value of chips fluctuate just like any market. For example, 6 months ago you could sell Pokerstar's chips for $10-$11 per million. Now you can only get $7.50-$8.50 per million. The reason is because recent economy issues.

Anyway, check out Chris Ferguson's $0 - $10k challenge.

1 comment:

  1. Ya, freerolls are a good way to learn poker. I use to play freerolls on Pokerstars every night. Pokerstars used to have $2500 freerolls once a week but I have stopped playing them.

    Anwyway, Good luck in cash game!

    ReplyDelete