Heaters and Downswings: Variance in Heads Up Poker
Posted on Jan 08, 2009 by Gugel in Variance
There was an great post on variance on 2+2 about a week ago that included a link to an Excel spreadsheet. As you probably know, the upswings and downstreaks are a lot more extreme in heads up than 6-max and fullring. In fact, heads up is probably the most volatile form of poker. Fortunately, it is also the most profitable.
Anyway, I want to give credit to MasterLJ for bringing my attention to the tool and more importantly, Kimberly at FFD Poker Forum for creating the spreadsheet in the first place. I made some minor adjustments and tweaks and I think you’ll find it really useful to help you get a better grasp of what you can expect.
To give you an idea what kind of variance is typical, I’ll share some of my results.
In the next 100 hands I play, there is a 34% chance I will make between $9.65 and $141.81. On other hand, there is also a 34% chance I will make between $9.65 and -$122.51. The probability that I am a long-term winner in the game is 96.6%. My average profit per hour is $32.48.
I’d love to hear what your stats are. Download the spreadsheet and fill in the values using Hold’Em Manager or PokerTracker3.
Update: Here’s another post for further reading about downswings and bankroll management.
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