Poker Ramblings of cmitch

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No, I’m not talking about one of those “get rich quick” schemes where you send $5 to everyone on the list and add your name or however that goes. I am talking about doing it playing poker.

There is an interesting project in it’s infancy - The 100k Project. It all started on twoplustwo when someone stated (to para-phrase) that a good online player could turn $1,000 into $100,000 in a year’s time with minimal risk of going broke. There was much discussion on the issue. A man known as Fox decided that this was something that could be done and set out to prove it. (Fox has an online informational/poker teaching site that seems very useful. I have not subscribed to it, but can tell that he has a great grasp of what it takes to be a successful online poker player from reading his posts on pocketfives.)

Fox then picked a “LabRat” to try this experiment. The LabRat that he picked is able to play at least 30 hours a week and had the $1,000 bankroll to start the experiment. Under Fox’s guidance they are setting out to turn that $1k into $100k within one year.

The $100k Project began around the 1st of November.

Fox and LabRat are using bonuses and rakeback to give the bankroll an initial boost. They started with a strictly Limit cash game path and have adjusted to NL cash games. It seems like things are off to a shaky start – they are probably just working out the kinks. I think it will be very interesting to see where this project goes and if LabRat is able to achieve the goal of $100k.

If he reaches the goal (or even comes close), I think it will spawn several other attempts at similar goals. Who knows, two years from now we may hear people referencing LabRat and Fox when they are talking about the faceless poker players making a very good living predominately from online poker.

You can follow their progress at 100K Project.
(If it is your first time visiting their site, you may want to start from the bottom of the page.)

I wish them both the best,

2 responses to "Turn $1k into $100k in a year! - playing online poker"

  1. It will be interesting to see how this turns out. I agree with you that Fox seems to know what he's talking about... we shall see.



  2. I also agree that Fox seems to know what he's talking about, but then I'm cocky.. and I'm Fox. I've been trying to drop by all the blogs that are talking about us and say hi. LR got back today and we will have an update soon. Thanks for linking to us.