New party "Speed" sngs

[GrekeHaus]

[ QUOTE ]
Well it's quite obvious really, even though we don't play much in the first few levels we still accumulate chips there overall (which is obvious really), by outplaying people post flop and generally picking up pots. In a speed tournament your chances for doing this will be lessened because you'll see less hands in the first few levels, therefore these chips won't be as easily accessible, and therefore you'll be going into the pushbot mode with overall fewer chips than the normal SNGs. This of course will add to variance and lower ROI by design.

[/ QUOTE ]

This is false. The only thing that significantly affects variance in a STT is payout structure. The ROI part is true though, it should drop.

[FlyWf]

People on 2+2 use variance as short of a shorthand for "how large will bankroll swings be for a given percentile winner?". Lower ROI->biggger downswings->more "variance". And this structure would appear to cause lower ROI.

[tigerite]

Yeah that's what I meant, I mean I know the mathematical meaning of variance of course.

[roundest]

[ QUOTE ]
[ QUOTE ]
Well it's quite obvious really, even though we don't play much in the first few levels we still accumulate chips there overall (which is obvious really), by outplaying people post flop and generally picking up pots. In a speed tournament your chances for doing this will be lessened because you'll see less hands in the first few levels, therefore these chips won't be as easily accessible, and therefore you'll be going into the pushbot mode with overall fewer chips than the normal SNGs. This of course will add to variance and lower ROI by design.

[/ QUOTE ]

This is false. The only thing that significantly affects variance in a STT is payout structure. The ROI part is true though, it should drop.

[/ QUOTE ]

Lower ROI means higher variance, no?

[tigerite]

Well what he really means is the 'variance' from a single tournament will be the same - you still only have 4 possible results - 5xbuyin, 3xbuyin, 2xbuyin or nothing at all. So he is right in that sense. But in terms of distribution of results, there will be an effect. That is what we really mean when we talk of "variance" a lot of the time.