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Poker Discussion
General Poker
Variance in NLH/PLO - Misconceptions?
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[QUOTE="KyleJRM, post: 664822, member: 25910"] Yes and no. People sometimes think of their streaks as tangible things that they are in the middle of. "I'm running bad, what should I do?" is a common question. When you have had a bad streak, it is in the past. It has no bearing on what will happen next in the cards, unless you let it change your play. There is a reason they call it "gambler's fallacy." But the edge for playing right in poker is very small, and there will be a time when you lose a lot of 55% chances in a row for a lot of money. Just look at the winnings graph of any truly good player. They have long swings of ups and downs, even though the long-term trend is up. However, many people use "running bad" as an excuse for playing bad. If you don't have many thousands of hands saved that show you to be a winning player, there is a good chance you aren't. [/QUOTE]
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Variance in NLH/PLO - Misconceptions?
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