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Old 07-08-2008, 11:31 AM   #1
centurion
 
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Surviving O8 Variance

I been a member of here for a while and haven't logged in since july 07. I had been on a break from poker til recently and have started back up again and have been playing mostly 2/4 fixed O8 with some 3/6 mixed in. I've managed to get my bankroll up to around $800. I have recently started multi-tabling (3 tables mostly) and have found that i actually play better that way cuz I have less distractions and more focus. So my question to you guys is that with my current bankroll situation and 3 tabling, I should be able to handle the swings, right? I know there is high variance in this game but I was thinking that if you get more hands in per hour, that should reduce the variance factor. Is this thinking right or am I just compounding it and setting myself up for a disaster.

thanks for all help
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Old 07-08-2008, 12:00 PM   #2
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Re: Surviving O8 Variance

I dont play limit but I know in limit holdem you should have at least 300 big bets in your bankroll for whatever limit you are playing so for 3/6 you should have at least a $1800 bankroll. I would think you are playing a bit short here for 3/6. With 200 BB you might be ok for 2/4 but if you start a downswing you might want to drop down quickly.
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Old 07-08-2008, 12:15 PM   #3
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Re: Surviving O8 Variance

yeah, i was figuring i was a bit too short to play 3/6. I've only mixed in 1 table a few times. Based on what your saying I should stick mainly to 2/4 for a bit longer.
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Old 07-08-2008, 01:47 PM   #4
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Re: Surviving O8 Variance

If you are a winning L08 player, 200BB is enough of a bankroll. You only need about a 1/2-1/3 bankroll compared to the same HE limits... Remember, that if you are selective about your starting hands, often you'll at least get a 1/2 or 1/4 of the pot w/ just the lo... That alone reduces variance quite a bit.

d'
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Old 07-08-2008, 01:48 PM   #5
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Re: Surviving O8 Variance

Multi-tabling does not reduce your chances of busting out compared to single-tabling at the same stakes. If you play worse MT vs. ST (like most of us), it actually increases bustout chances.

Play lower stakes and try to improve your ROI if you are worried about bustout.

Effen
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Old 07-08-2008, 02:49 PM   #6
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Re: Surviving O8 Variance

200BB is fine for LO8 if you know what you're doing.
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Old 07-08-2008, 03:33 PM   #7
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Re: Surviving O8 Variance

200 BB is fine for a BUY-IN but inadequate for a BANKROLL.

If you truly want limited variance you might consider SNG play instead of ring...in ring I would recommend a minimum of 500 BB

AJ
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Old 07-08-2008, 04:19 PM   #8
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Re: Surviving O8 Variance

Quote:
Originally Posted by d'anconia69 View Post
If you are a winning L08 player, 200BB is enough of a bankroll. You only need about a 1/2-1/3 bankroll compared to the same HE limits... Remember, that if you are selective about your starting hands, often you'll at least get a 1/2 or 1/4 of the pot w/ just the lo... That alone reduces variance quite a bit.

d'
I have become selective and avoid making careless/loose plays as much as possible. It seems that a tight yet very aggressive strategy is the way to go in these games.

Quote:
Originally Posted by EffenDolts View Post
Multi-tabling does not reduce your chances of busting out compared to single-tabling at the same stakes. If you play worse MT vs. ST (like most of us), it actually increases bustout chances.

Play lower stakes and try to improve your ROI if you are worried about bustout.

Effen
I actually feel that I play smarter when multi-tabling. If I'm playing just 1 table, I get distracted surfing the internet and get impatient and play hands I normally wouldn't. I have found that I am at my best while playing 2-3 6-max tables. I am not good enough or quick enough yet to play 4 6-max tables. Unfortunately I am sorry to say I don't currently have any tracking software to get my complete stats. I'm not neccessarily afraid of busting at these limits, just trying to understand the game deeper and improve my long term play.
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Old 07-08-2008, 04:43 PM   #9
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Re: Surviving O8 Variance

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Originally Posted by TheJackyl View Post
I actually feel that I play smarter when multi-tabling. If I'm playing just 1 table, I get distracted surfing the internet and get impatient and play hands I normally wouldn't.
I feel the same way.
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Old 07-09-2008, 08:48 PM   #10
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Re: Surviving O8 Variance

jackyl,

i think playing a shortbankroll succesfully has a lot more to do with mental health and your current state of being than your skill. when things are going good, it's a great idea to crush the game. when things are going south, it takes mental experience knowing when to keep plugging along to pick up the equity or give up. this even applies to when you're winning because i've been winning when i think i've been playing poorly. i've gotten good enough to know when that is and can pick up. to lock up a win
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Old 07-14-2008, 09:37 AM   #11
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Re: Surviving O8 Variance

As far as my personal view on BR management goes, I advocate a bit more conservative approach, but I really think it also varies depending on the players style, table size and game type(L/PL/NL). The games are a little tougher per level than they used to be as the player pool has been reduced, so my estimates are a little higher.

For a more TAG player to play comfortably at any given 6max level I advocate 600+BB's for limit, 30+ buyins for PL and 35+ buyins for NL. I think 9 max you can get away with a few less, but you still end up playing a considerable amount of hands with fewer players when the table shifts.

For a more LAG player, I would raise the minumums considerably. More along the lines of 1000 BB's for Limit, 40+ buyins for PL and 50+ buyins for NL. The swings can be quite heavy and when getting into alot of marginal spots, you have to be prepared for the variance.

Of course people are going to take shots when the see a softer game above their level, so that extra bit of cushion should hopefully protect against a bad session.

I consider myself a conservative LAG, even though it's somewhat of an oxymoron. So I generally like to float in the middle.

I'm also first to admit that some would disagree with me. Some would say it's too conservative while others might say it's too liberal. So much depends on the comfort level of a player. Is he able to reload his BR with ease or is it back to freerolls to start the hike over again? So much goes into it. I don't know that there is a "correct" answer.

Addendum- My considerations are based on multiple table players, which has seemingly become the norm.
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Old 07-14-2008, 11:27 AM   #12
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Re: Surviving O8 Variance

Come on people get real, 200 BB is enough for LO8 at 2/4 - 3/6, if you ever have a 200 BB downswing you are def doing something wrong.
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Old 07-14-2008, 12:09 PM   #13
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Re: Surviving O8 Variance

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Originally Posted by Seb86 View Post
Come on people get real, 200 BB is enough for LO8 at 2/4 - 3/6, if you ever have a 200 BB downswing you are def doing something wrong.
I'd think that would be the case for 1 tabling. If you're 4 tabling and have 50 BB's per, that's your entire BR in play.
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Old 07-14-2008, 12:15 PM   #14
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Re: Surviving O8 Variance

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Originally Posted by Zophar View Post
I'd think that would be the case for 1 tabling. If you're 4 tabling and have 50 BB's per, that's your entire BR in play.
LOL, dont post again.
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Old 07-14-2008, 01:52 PM   #15
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Re: Surviving O8 Variance

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Originally Posted by Seb86 View Post
LOL, dont post again.
Will do Andy.

FWIW, it was copied and pasted per Buzz's request from a PM conversation we were having.

No wonder there are about 10 people who post in this sub forum.
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