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MtG Champ André Coimbra Turning $100 into $100k for Charity
Magic: The Gathering world champ André Coimbra plans to turn $100 into $100,000 playing online poker, then donate it all to charity.
The 2009 MtG world champion is already up over $20k which puts him well on track to hit six figures by the end of the year.
PokerListings.es writer Esther Amores spoke with the ambitious poker pro from Portugal about why he's taking on this challenge and how he plans to pull it off.
PokerListings: What are the main reasons you took on this $100k Challenge?
André Coimbra: I wanted to learn MTTs and if I’m going to do it, why not do it big-time with a big challenge? Challenges are fun, because I get a following and I feel like I’m doing it with my fans!
PL: Why did you choose this amount of money?
AC: I thought that $100 would be a good starting amount for a few reasons.
It allows me to move down a bit at the beginning so if things go badly I'll still be able to recover. I actually lost $30 on the first day!
Also, pretty much everyone with access to the Internet can afford a $100 deposit. So I think it’s better than starting with say $1,000. $10 is just not enough to support downswings at MTTs.
The $100K I chose because it is catchy and it’s a goal that doesn’t sound too easy for me, but at the same time doesn’t sound impossible.
I needed something that I wasn’t sure I could do, but I knew it was possible, otherwise the challenge would just be putting in the grinding hours.
PL: Will you stop playing when you reach this amount of money if this happens before the year is up?
AC: Yes, I will, because it’s pretty bad if I reach $100K for charity and then I finish the year with less! Think about it …
PL: Do you have any rules to avoid losing all the money you've won?
AC: I try to have a bankroll management plan for each type of bankroll and I post it on my blog. This way if someone is doing a similar challenge, they can just check what was I playing with a certain bankroll and do the same.
Losing all the money would be almost impossible at this point, because the less I have, the lower I play, so I would need to lose a ridiculous amount of buy-ins (thousands and thousands) to actually go broke now.
PL: What is the major risk of this challenge?
AC: I don’t feel like I’m risking much, since whatever I win, it's money that a charity organization wouldn’t have otherwise, so I think that it will make the world better.
PL: Is PokerStars promoting or sponsoring this challenge?
AC: The challenge was my idea, but I had PokerStars approval since the beginning and I’m doing it exclusively on PokerStars.
Thanks to my sponsorship I’m able to pay my bills and that allows me to donate my time to charity which is awesome!
PL: Do you already know which organization you'll give the money to?
No, I will be looking for organizations over the next few months and once I know which one I will give the money to, I will tell my followers on my blog.
PL: In June you will reach the halfway point of this challenge. Are you optimistic to reach at least $50k by this time?
AC: Definitely not! It’s important to understand that I’m not expected to have 20% of the money in 20% of the time. Building a bankroll isn’t linear!
You can keep reusing the profits to generate more profit and play higher and higher, so most of the profit I expect to have at the end of the challenge, where I will be playing higher and better.
PL: What kind of tournaments are you playing to pull this off?
AC: I plan to play a lot this year and take advantage of the major series and tournaments on PokerStars.
There are some tournaments with first prizes alone that would allow me to finish my challenge and even though I don’t feel like I can play the Sunday Million or the Sunday Warm-up yet since they are $215 tournaments, I’ve been playing the cheaper tournaments with $1 million guarantees.
But most of the challenge is about the daily tournaments, since these will be where I will put in the most volume. This is key since they allow me to take some shots at the super big fields, while moving the bankroll up slowly but steadily.
During May we will have the SCOOP with super soft fields and big prize pools, which might allow me to move faster in the challenge than normal.
PL: What do you want to prove/show to the people with this challenge?
AC: I don’t feel like I need to prove anything to anyone. However, I want to show that it’s possible with $100 and a lot of time and work to make a lot of money playing MTTs online.
PL: Last question, are you planning a second challenge if you complete this one?
AC: For now I’m 100% busy with the current challenge, so there is not time to think about what my next challenge might be.
One challenge at a time!