Variance in poker: how to lower the risks and increase winnings

20.12.2024
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Updated 20.12.2024
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Imagine a roller coaster ride, you slowly climb to the top and then dive down in a steep descent. This is what variance in poker feels like! These are the same ups and downs that every player experiences, regardless of skill level. But why understand variance? Understanding this phenomenon will help you maintain composure and improve your game. In this article, we will talk about variance, what it actually is, how you can reduce its effect on your game, thereby guaranteeing yourself a more stable income in poker. Let’s get started!

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What is Variance in Poker?

Variance in poker is the natural fluctuations in a player’s results. Imagine flipping a coin 100 times. In theory, you expect 50 heads and 50 tails, but in practice, it might be, for example, 55 to 45. This is an actual example of positive or negative variance. Similarly, in poker, even perfect decisions do not always bring victory in the short term, luck can sometimes be against you.

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Even poker legends like Phil Ivey have had a series of bad luck caused by variance. Despite his skill, such fluctuations are inevitable and affect even the best players. It is because of such moments that poker remains an exciting and difficult game.

When you lose with aces against a weaker hand, this is variance in poker. The important thing to understand here is that in the long run, your skill will outweigh your luck. This awareness helps you stay calm and avoid tilt, which can ruin your game.

How to Deal with Variance?

To better prepare for these fluctuations, you can use a poker variance calculator. This tool allows you to predict possible streaks and plan your bankroll wisely. You just put in your winrate and the volume (number of hands played for the simulation) to get a clearer idea of ​​what to expect.

Remember, poker is a marathon race, not a sprint. Just accept variance as part of the game that makes it exciting.

So the next time you are on a losing streak, ask yourself “am I making the right decisions?” Keep learning, be patient, and believe in your skills. After all, variance makes poker a real test of character.

How to Anticipate Variance and Adjust Your Strategy

In poker, it’s important to be able to anticipate the ups and downs that may occur. This requires understanding styles of play, such as loose-aggressive, for example, where players bet big to put pressure on their opponents. This style increases both risk and potential reward. Understanding these nuances will help you better adapt your strategy and get the most out of your poker session.

If you find yourself in a downswing caused by variance, it’s hard not to get frustrated at being written off by others or perhaps start to doubt your ability to be a winning player. You should try to stay calm and reduce variance whenever possible. For example, don’t shove marginal flush draws or raise as aggressively as you normally would. This will reduce variance and help you maintain a cool head to the end of the session. Usually during a downswing, players lose a lot of money, which only makes the impact of variance worse. Don’t let this happen. If you feel depressed and about to start making bad decisions, just leave the table. Even if it’s only for a short time, clear your head and come back refreshed. There is no need to spend extra money because of mistakes if you are already losing a lot due to variance.

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5 Tips on How to Reduce Variance in Poker

Understanding that variance is an integral part of the game, helps you maintain a clear long-term perspective and avoid impulsive decisions due to temporary setbacks.

#1: Variance Management Strategies

One way to deal with variance is to vary the game formats. Traditional cash games are usually less prone to fluctuations than tournaments, where results depend on many factors. Playing both formats helps to lower risks.

It is also important to analyze your performance considering variance. Short-term results often deviate from expectations, sometimes significantly, which is explained by statistical patterns. Understanding this helps you avoid inflated expectations and maintain a clear view of your game.

#2: Bankroll Management

Proper bankroll management is the key to stability, both financial and emotional. Make sure you have enough funds for at least 20-30 buy-ins for the current stakes. When you are on a downswing, avoid the temptation to go up the stakes or play more aggressively to “win everything back”. This will only make things worse.

Track your spending, set budgets, and always play with a long-term vision. This will improve your efficiency and give you desired stability.

#3: Emotional Control

Emotional resilience is one of the most important skills in poker. Practice relaxation techniques such as meditation or mindfulness to stay calm. Develop a growth mindset, instead of getting upset about mistakes, see them as opportunities to learn.

Avoid tilt, a state of emotional stress that can lead to impulsive decisions. Keep your focus on long-term goals, and remember that every loss is part of the journey to success.

#4: Embrace Variance

Most importantly, we can minimize our tilt by embracing variance. We must understand that variance is an inherent part of the game, and that luck can play a role in the short term, causing both positive and negative variance. However, in the long term, luck (aka variance) is less influential, and the effect of coolers goes down to a minimum. The same goes for upswings. Eventually, our true win rate will show. Therefore, in the long run, it is always about skill and not luck.

#5: Don’t get Hung Up on the Results

It is also important not to get too hung up on the results. The results of each session are mostly a factor of variance. If we accept variance, we will also accept the fact that weaker players will sometimes win with worse hands, and we, in turn, will sometimes win while not playing our best. Instead of focusing on results, we need to focus on long-term positive expectation (EV) plays, knowing that we are making the most profitable moves that will make us money in the long run.

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How Specialized Software and Platforms Help Reduce Variance

Despite all the unpredictability of variance, the use of specialized tools such as HisHands, Statname and MagicSeat helps minimize its impact, improving strategy and increasing the stability of winning in poker. Let’s go over each one in detail:

HisHands

HisHands provides hand histories and statistics of opponents, which allows you to avoid uncertainty in the game. Thanks to information about the ranges and behavior of opponents, you can make informed decisions, minimizing the impact of bad luck.

How HisHands reduces variance:

  • Provides data on the weaknesses and strengths of opponents, helping to avoid difficult situations.
  • Thanks to a large amount of data, it simplifies the choice of optimal game lines, which reduces the number of mistakes, which usually lead to bankroll dips.
  • Helps build strategies that are more accurate thanks to the detailed information about the opponents.
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Statname

Statname analyzes game data and allows you to understand the dynamics of the game you play in and the strategies of your opponents. By regularly going over your mistakes and good plays, you can minimize volatility and stabilize your results.

How Statname helps:

  1. Provides a clear understanding of the weak points (leaks) in your tactics and areas for improvement.
  2. Reduces the likelihood of getting into high-variance situations by analyzing opponents.
  3. Offers tools for optimizing bankroll management.

MagicSeat

MagicSeat automatically selects the most profitable tables, helping to avoid situations with high competition. The program is focused on finding weak players (fish), which reduces the likelihood of losses and reduces the impact of variance.

How MagicSeat helps to reduce variance in poker:

1. Provides access to tables with minimal competition.

2. Increases the percentage of profitable sessions due to playing against less experienced opponents.

3. The tracker reduces the need to participate in tough and unpredictable hands.

These programs not only make the game easier, but also create conditions for constant growth. With accurate data, automated table selection, and analysis of your own actions, players can better control the game, avoid unnecessary risks, and minimize the impact of variance. You can also use variance calculators and other poker tools to evaluate your results.

Conclusion

Variance in poker is an inevitable part of the game, but with the right approach, its impact can be minimized. Different game types, smart bankroll management, emotional stability, and analytical tools will help you not only get through tough times, but also become a more confident player. In the end, embrace variance, don’t get hung up on results, and try to avoid tilting! Using HisHands, Statname, and MagicSeat, you can play more confidently, consistently, and effectively, regardless of the variance. Good luck!

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Nik Maslov Professional poker coach since 2021
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