What site are you playing on? The .25c entries on Stars would be the way to go for you to start out. Avoid the $1.00+.20 at all costs as the 20% rake is ridiculous. I'd recommend moving up to the $2.25's once you have $112.50 in your account. Grind that up to $412.50 and then give the $5.50's a shot. Play the $5.50's all the way to $1,000.
1.) $0.25 (rake free) on Stars until $112.50 (50 Buy-Ins)
2.) $2.00+.25 on Tilt/Stars until $412.50 (75 Buy-Ins)
3.) $5.00+.50 (or $6.00+.50 if you prefer turbo) to $1,000.
4.) $10.00+1.00 to the moon and beyond !
If at any time you drop 25 buy-ins at a given level, move back down and grind your way back up, I.E. once you go to the $2.25's if your account drops back to $56.25 or lower, move back to the .25 tourneys.
That would be my recommendation for the greatest chance of success without going bust for this challenge. If you had an extra $40 ($50, I'd recommend just starting with the $2.25's but with only $10, you could bust very easily).
Best of luck.
BAEVentures
P.S. These are only general guidelines, it would be recommended in my personal opinion to play 1000 or so games at each stake before moving up so you are sure you are beating that stake with a reasonable ROI. However, at the micro level, that shouldn't really be necessary as the games are very soft.
Lastly, check out
this thread. Also,
this one contains most of the basic information you are looking for.
Last edited by BAEVentures; 06-16-2010 at 05:14 PM.