Quote:
Originally Posted by gobbledygeek
As a massive nit, it has always been my theory that if you have two completely opposite methods (one very low variance and one very high variance) that produce somewhat-in-the-ballpark ~same-ish results, that you'd be far better off taking the low variance route... as most humans suck terribly at dealing with high variance routes.
GlongsinglesentencesismybusinessandbusinessisgoodG
I’m honestly not sure whether some of my massive scores this year would have been possible had I not pushed the envelope preflop and taken higher variance lines at times. I bet winrates are higher with higher variance but downswings are bigger as well.
Which you prefer depends on your personality and risk tolerance really. Some people are “go big or go home” and others want easy, steady money with little stress. Come to think of it, that probably describes the difference between many hold em players and plo players pretty well. Some are willing to take bigger risks to win more while others want less risk in exchange for lower returns. Plo players buy bitcoin and hold em players buy CDs?
Funny because I probably fall in between as most of my investments are in the stock market which has considerable short-term volatility but overall long term positive returns. (And no crypto.)