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fkn2pt
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02-21-2005, 04:26 PM
Post subject: bankroll variance multitabling LHE
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#1 (permalink)
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Join Date: Feb 2005
Location: Sydney Australia
Posts: 35
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hi guys
i am wondering whether multitabling two 0.5/1 tables instead of playing 1 1/2 table will result in a more stable bankroll.
so if i buy in with $50, will there be less or more deviation (or the same?)
nice forum btw 
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Chicago_Kid
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02-21-2005, 05:55 PM
Post subject: Re: bankroll variance multitabling LHE
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#2 (permalink)
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Full House
Join Date: Aug 2004
Location: People let me tell you about my best friends...
Posts: 1,132
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Quote:
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Originally Posted by fkn2pt
hi guys
i am wondering whether multitabling two 0.5/1 tables instead of playing 1 1/2 table will result in a more stable bankroll.
so if i buy in with $50, will there be less or more deviation (or the same?)
nice forum btw |
Pretty sure you'll have more variance, but a higher long-term WR--if your game is solid.
For me, it's more about patience. By multi-tabling, I can increase my hands per hour and potential win rate, and also not get bored.
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"Been gone so long, forgot how to poker"
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koolmoe
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02-21-2005, 05:58 PM
Post subject: Re: bankroll variance multitabling LHE
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#3 (permalink)
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Full House
Join Date: Jun 2004
Location: Drowning in prosperity
Posts: 1,279
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Quote:
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Originally Posted by fkn2pt
hi guys
i am wondering whether multitabling two 0.5/1 tables instead of playing 1 1/2 table will result in a more stable bankroll.
so if i buy in with $50, will there be less or more deviation (or the same?)
nice forum btw |
Depends on many factors, but assuming your winrate and variance per 100 hands are the same, you'll see a higher per hour $ variance playing 1 1/2 table. In terns of BB, you'd see a higher per hour variance at the 2 .5/1 tables.
If you're mostly worried about busting out the $50, you should be playing the .5/1 tables (but probably lower if that's your entire bankroll)..
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gabe
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Moderator
Join Date: Dec 2004
Location: trying to live
Posts: 7,964
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Just because you have the bankroll to play 2 .5/1 does not mean you have the bankroll for 1 1/2 table. If you have 300bb at whichever level, I would just play as many as you can handle comfortably.
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Gatlin Dan
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Flush
Join Date: Nov 2004
Location: Wild Bill's Backyard
Posts: 504
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I'm sure this is probably posted elsewhere but do not know what to search for to find it, and it fits pretty well in this thread.
Because playing multiple tables will reduce your vairance, how does that effect bankroll requirements? If you have the 300BB bankroll necessary to play at that limit, is that a sufficient bankroll to play more than one table at that limit? If playing multiple tables at the same limit requires different bankroll management, how can one figure the necessary bankroll to play (x) number of tables at the same limit?
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Trikflow77
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Full House
Join Date: Jan 2005
Location: im so asian
Posts: 1,460
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same bankroll.......more tables..........faster swings
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Trikflow77
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Full House
Join Date: Jan 2005
Location: im so asian
Posts: 1,460
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hey chicago...is your name on party poker chico_kid?
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Gatlin Dan
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Flush
Join Date: Nov 2004
Location: Wild Bill's Backyard
Posts: 504
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Quote:
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Originally Posted by trikflow77
same bankroll.......more tables..........faster swings
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I don't really find this to be true in my playing. I see a lot slower are more mild swings playing multiple tables.
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Chicago_Kid
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Full House
Join Date: Aug 2004
Location: People let me tell you about my best friends...
Posts: 1,132
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Quote:
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Originally Posted by trikflow77
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Honestly, no. But funny you say that, as I think I was playing with 'TheChicoKid' this week. I did a doulBletake when I saw the handle!
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"Been gone so long, forgot how to poker"
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koolmoe
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Full House
Join Date: Jun 2004
Location: Drowning in prosperity
Posts: 1,279
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Quote:
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Originally Posted by Gatlin Dan
I'm sure this is probably posted elsewhere but do not know what to search for to find it, and it fits pretty well in this thread.
Because playing multiple tables will reduce your vairance, how does that effect bankroll requirements? If you have the 300BB bankroll necessary to play at that limit, is that a sufficient bankroll to play more than one table at that limit? If playing multiple tables at the same limit requires different bankroll management, how can one figure the necessary bankroll to play (x) number of tables at the same limit? |
Playing multiple tables should not affect your per 100 hand variance unless your play changes. If you play the same game at two tables as you do at one, then your variance will remain the same.
What will change is your per hour variance, since you are playing twice as many hands per hour as you were before. Because the tables are presumably independent, your variance will double, causing your standard deviation to increase by a factor of 1.414 (square root of two). The good news is that your per hour win rate will also double. The net effect of this is that you will win or lose at a rate twice as fast with only a 40% increase in the range of results you might expect.
From a bankroll stamdpoint, playing multiple tables should not affect your requirements, since that is based purely on your per 100 hand win rate and per 100 hand variance. Note, however, that the fact that you are playing so many more hands than you would play live makes it much more likely that you will eventually see a -300 BB swing.
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Trikflow77
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Full House
Join Date: Jan 2005
Location: im so asian
Posts: 1,460
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if you play more hands, the swings come faster. Believe me I started playing on one table and now I multi up to 8 at a time.
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Gatlin Dan
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Flush
Join Date: Nov 2004
Location: Wild Bill's Backyard
Posts: 504
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I too started with one table and have played as many as four. Usually I will play three however. I understand what you are saying about the swings being greater, but doesn't that kind of go somewhat against the "every table is independant" statement. You would think that if you are losing badly on one that one of the other tables would help reduce this variance. If when you play and are playing eight tables, you can't be losing on all eight at once, can you? I was hoping you could try to explain the phenomenom a little more. It really is quite interesting. It seems to me like playing so many tables would kind of act as a sort of counterweight to a bad swing at one table. I did recently have a -150 BB swing and it seems like this I'm beginning to come out of it. The logic to me (and it very well could be flawed) is that these swings would be reduced the more tables you play at, provided you are not playing a poorer game by playing so many tables.
Are you saying you can expect the same type of swings in bankroll from playing multiple tables you can just expect the up and downs to occur more quickly because you are seeing so many more hands in that same amount of time?
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Trikflow77
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Full House
Join Date: Jan 2005
Location: im so asian
Posts: 1,460
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What i am saying is that swings come and go. Say you have a 100bb downswing over the span of 2000 hands. If you play one table this swing will be over a long period of time, but playing 8 tables I would get this swing in 5 hours or so. The swings are faster but the same none the less. You see what I am saying. The swings are not greater, they just come and go faster.
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Gatlin Dan
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Flush
Join Date: Nov 2004
Location: Wild Bill's Backyard
Posts: 504
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Got it, same sized swings, shorter duration of those swings. Thanks for clarifying that for me.
So playing multiple tables does nothing to help control the swings you will face playing limit, it just helps build the bankroll at a more accelerated rate.
That being said, I can safely play as many tables as I would like at a given limit provided I have a 300BB bankroll, but won't have the bankroll to actually move up a limit until I have accumulated the 300 BB bankroll for that new limit.
I'm getting it right?
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Trikflow77
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Full House
Join Date: Jan 2005
Location: im so asian
Posts: 1,460
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As long as you can play at a winning level with all those tables. My winrate does drop some when I 8 table, but the volume of hands more than make up for it. Just make sure you can play well with the number of tables you play. Say you flay 4 tables and win at a rate of 2bb/100 and you 8 table at 1bb/100 hands then it really is not profitable. I drop about .5bb/100 hands when I 8 table compared to playing 4 tables.
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Gatlin Dan
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Flush
Join Date: Nov 2004
Location: Wild Bill's Backyard
Posts: 504
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That's understandable. My winrate drops some when I play four but can easily play three. I think 4-tabling and keeping the win rate is not that far off, just will take some more time and getting used to. How long did it take you to get worked up to eight tables? I bet there are times that it gets pretty hairy. I can't imagine occasionally having action on 6 tables or more. There is a few times 4 tabling where I am in the hand on all four due to being in the blind on one or more and getting dealt playable cards on the others. I doubt that you ever really have to worry about action on more than 5 or six very often.
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Trikflow77
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Full House
Join Date: Jan 2005
Location: im so asian
Posts: 1,460
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I have two 21" monitors with 1600 1200 resolution so it works out ok. I started at two went to four, 6 then eight. It really doesnt get too bad, every once in a while it will get sticky but I've learned not to focus too much on one single decision.
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Gatlin Dan
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Flush
Join Date: Nov 2004
Location: Wild Bill's Backyard
Posts: 504
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that's a lot of hands in a six or eight hour session.
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Trikflow77
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Full House
Join Date: Jan 2005
Location: im so asian
Posts: 1,460
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I play 5 hours sessions and get about 2000 hands in
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