Budapest Gambit

New Budapest Tournament

http://www.chess.com/tournament/budapest-gambit

That is the Fajarowicz variation, The Classical line scores better for black overall.

There's a similiar gambit with white called the Tennison Gambit: 1. Nf3 d5 2. e4. It's the same as the Budapest except with colours reversed and black has not yet committed his c-pawn, as white would have done in the Budapest. When I've used this line, play usually continues 2...dxe4 3. Ng5 Nf6. Blach as tried other third moves, the best of the bunch being the return of the pawn with ...e5.

 Thanks for the info. I'll check this out.

 Someone is trying the Budapest gambit on me now, I will let you guys know how I got on when the game is over

Has the game ended yet?  

To be honest I can't remember which game it was

Budapest is not the worst gambit  and all of it ideas are sound in the abstract but agaisnt a well prepared white player ,black will suffer. 

i recommend the line advocated by Seirawan

https://www.youtube.com/watch?v=_SvgVk_6FNY

The Budapest is decent, but to my knowledge is not used regularly by any top rated players (although I think maybe Ian Rogers used it regularly?)

The main line goes as follows:

Whoa no the Tennison is not nearly as good as the Budapest. The Tennison is a one trick pony.

The mainline Budapest is somewhat sound. But black will seriously need to know his stuff. It’s important to note that black doesn’t have to concede the bishop pair against the Nbd2 line, so he doesn’t have to suffer as much.

If white plays solidly, though, black cannot really get wild games, and the resulting positions usually turn dry.

I used to play it, but dropped it because without the very few tricks, you just end up in a plus equals position where black can’t really do anything except draw. 

Faj is unsound. White can get a development tempo on the knight with the simple 4.Nd2. 

Agreed. You can’t even play it like a Budapest because black didn’t move his c pawn- when you play Bb5+, they can just play c6, which basically refutes the entire line since white can’t get his pawn back.

4.Nd2 is probably also fine for a large advantage to white in the Fajarowicz variation, but the entire opening is basically refuted if white finds 4.a3! d6 5.Qc2 and black is already lost as far as I'm concerned.

The Faj is unsound, but the 4. a3 line is a little trickier to play than that. 4...d6 is not as critical as 4...b6, preparing to support the e4 knight with 5...Bb7.

9…Bc5! Because b4 Bd4! Rc1 Ng6 and now Bxc7 fails to d6. There’s a lot of tactical stuff here but black doesn’t need to give up his bishop pair.

Recently the (rather rare) line with (1.d4 Nf6 2.c4 e5 3.dxe5 Ng4) 4.e3!? Nxe5 5.f4 has become very popular at ICCF, and Black is scoring miserably.

Compared to Alekhine's line 4.e4 Nxe5 5.f4 etc, keeping the pawn back at e3 does have certain advantages.

The ...Bd4 idea is very pretty indeed, but sadly it is inefficient. Black does need to give up the bishop pair after all, he can't expect the better of both worlds.

Indeed, it's been tried quite successfully in several games by Mamedyarov.