Open Internet Challenge. Basic Rules:
These were the basic Open Internet Challenge "rules", although when The Gaming Club was funding everyone, and providing generous prizes, some of the rules were tweaked to make them clearer or fairer to all:
The game is Limit Hold'em, but it is the player's decision to choose between full-ring, shorthanded, or heads-up tables. No tournaments.
· You will begin with a $50 bankroll that you will keep separate from your regular bankroll for purposes of the OIC. You do not literally have to clear your account of everything save $50, but you must keep accurate records of the $50 bankroll you have set aside for the challenge.
· You will progress in limits according to the following structure:
-----> Start at .50/1 with $50 and play until you have $100.
-----> Move up to 1/2 and play until you have $200.
-----> Move up to 2/4 and play until you have $300.
-----> Move up to 3/6 and play until you have $500.
-----> Move up to 5/10 and play until you have $1000.
-----> Move up to 10/20 and play until you have $1500.
-----> Move up to 15/30 and play until you have $2000.
Completion of the Challenge! Buy yourself a Silver Cup and have it inscribed!
· IMPORTANT If at any point your bankroll drops below 25 BB's for the current level you are playing, you MUST drop down to the previous level and work your way back up. This is designed to prevent anyone tilting away a large pile of money. If you find yourself in this situation take a break, examine your play, and then drop down and work your way back up...remember you are honor bound to follow this rule.
· Multi-table play is allowed, but not encouraged (the whole point is to gain solid experience). If you choose to multi-table you may only have money equal to your OIC bankroll in play at any given time. (i.e. if you had $120 in your BR you could buy into 3 tables for $40 each)
· Anyone who participates may choose to quit the challenge at any point. The purpose of the challenge is to gain experience with limited risk; however, it is utterly foolish to get yourself into a situation where you are uncomfortable or don't have the best of it. Don't be stupid, there is no shame in quitting early.
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