Re: low variance live poker anyone? Well, it seems many just want to take the poker variance as a 'given' and win rate as the only variable and objective to pursue. To them, advocating embracing variance is the only way to go with only the stakes as a variable to manage bankroll, moving to lower stakes to diminish the absolute $ level of. The Tournament Variance Calculator. The best application out there today looks to be here. Even new players to the game who read about poker, and study the game to any extent will likely have heard about the extreme variance experienced by MTT players. In this example our hero is a recreational player who finds time for 1500 tournaments in a year.
The online poker world can be a turbulent place to ply your trade. And while it's impossible to control the flow of action, you can get a better handle on the dynamics of the game by understanding two key concepts: Return on Investment (ROI) and variance.
Each of these mathematical concepts underpins how much money you win or lose over a given period of time. While some online poker players will measure their success in dollar amounts, the real pros look at their ROI.
Because they understand that the tide of luck will ebb and flow, pros prefer to focus on their win rate in percentage terms.
Variance In Live Poker Games
Essentially, there is a relationship between ROI and variance and the latter will always have an effect on the former. However, as much of an impact that variance has on a player's ROI, this measure of success is one you should focus on because over time it will give you a true reflection of your ability.
Unlike money, ROI isn't as widely affected by variance because it considers your complete body of results, rather than the current size of your bankroll.
Variance In Live Poker Tournaments
To give you a better insight into ROI and variance, here's an outline of both online poker concepts.