Variance in different forms of poker

[ohnonotthat]

RESENT - I meant RESENT [img]/images/graemlins/frown.gif[/img]


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[And] NL is almost certainly less variance for the winrate than limit.

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This is not correct. [img]/images/graemlins/shocked.gif[/img]

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N-L almost certainly has a smaller C.V. than limit for games with equal blinds but this is due to the huge win rates a good player is capable of attaining.

The greatest 10-20 limit holdem player of all time will have a WR that will be dwarfed by that of the greatest (or even a good) 5-10 blind N-L player.

The [much] higher WR of the N-L player will serve to [over]compensate for the higher varience this same player faces.

However (nonetheless and notwithstanding [img]/images/graemlins/smile.gif[/img]) if two players have equal WRs - one at 10-20 limit, the other at 5-10 blind N-L - the varience of the limit player will be much smaller than that of the N-L player.

- The limit player's varience will be much lower REGARDLESS of their win rates, however the N-L player can lower his varience by a significant amount (while only lowering his WR slightly) by avoiding "coin-flips" (AK vs QQ, etc.); the limit player can also stay out of marginally favorable situations but he pays a higher price for doing so (in terms of lowering his WR) than does the N-L player.