Archive for January, 2009

Daniel Negreanu to Attempt Low Stakes Feat

Tuesday, January 6th, 2009

Poker legend Daniel Negreanu is going to attempt an incredible low stakes poker feat. He plans on trying to turn $10 into $100,000 playing online poker. He will start off playing $0.01/$0.02 micro-stakes no-limit hold’em games. For his sake, I hope he polished up on his low stakes poker strategy, because the game-play in those small stakes games is vastly different than the nosebleed games he is accustomed to.

Fellow pro Chris “Jesus” Ferguson succeeded in a similar feat years ago when he turned a bankroll of $0 into $10,000. It took him several months to do this as building a bankroll from nothing is not easy.

I predict Negreanu is unable to maintain the patience required to complete such a feat. As far as meets the eye, he does not have any high-stakes side bets or any other significant initiative in place to motivate him to complete this challenge. I’ll bet he simply has too much money and values his time too highly to spend the countless hours of grinding low stakes that is required to complete this challenge. Just to go from $10 to $1,000 would take several thousand hands played over the course of dozens of hours. Going from $1,000 to $100,000 is a whole different story. Even Daniel Negreanu won’t have the easiest time beating mid- to high-stakes online poker games nowadays. Many of these games are filled with young sharks who don’t easily dump off their stacks.

So while, on paper, this is an interesting sounding challenge and all. I’ll bet no way Negreanu even comes close to going through with it. If I were him, I’d just focus more of my time on hanging out with fellow gamblers making high-stakes bets on golf and paying visits to the Vegas-area strip clubs afterwards!