Quote:
Originally Posted by TheDataKid
Would be a low variance game playing your big pairs a bit more safe (as an example)?
What are the pre's of high variance game? What is the downside?
What are the pre's of a low variance game? and what is the downside?
I was speaking on a case by case basis, especially on hands where we're doing a lot of estimating (ie; ranges). As Sammy put it, a low confidence level.
I don't think you can have a general, low variance strategy without sacrificing a bunch of EV. You can see this in the progression of nit vs TAG vs sLAG vs LAG. Lowering short-term variance, generally, also sacrifices EV and win rate. Which in turn
increases long term variance (higher win rate means you are much less likely to have
long downswings). And as the skill of players converges, small edges become more and more important.
The only places we can really "cheat" this is where the EV of the "high" and "low" variance options are essentially equivalent due to the margin of error brought about by our estimations (ie; we don't have good reads and/or we're not good at making reads). The better the player, the less often these situations should occur (better at making reads, more likely to have reads). a poor player may find themselves in these spots frequently, however, they're unlikely to be able to recognize them.
So this whole issue is of very limited usefulness. Good players aren't going to find themselves in spots where reducing variance is appropriate very often and bad players are unlikely to be able to make use of this at all.