Originally Posted by Mr Sandbag
I am familiar with variance and its relation to bankroll management and was wondering how one could go about altering play strategy/style to lower variance. The local poker room's lowest limit is $1/$2 NL, and the recommended bankroll is about $5k-$8k. Unfortunately, I only have about $1.5k-$2k. Does anyone have any tips on how to alter play strategy to lower variance until I can work up to a sufficient bankroll?
So far, I have taken a few measures myself that have seemed to work a little bit, including buying in to a game for less than the max buy-in and playing ultra-tight against all-ins when I do not have a really strong hand. This style usually lowers my potential profit, but it has also minimized huge downswings that could bust my bankroll.
Here goes. Just my opinion as always. I am a $1/2 player (live).
Play small-ball. Don't do things like huge bets with top-two on wet boards. Try not to bloat the pot, and get too committed.
I would buy in for the max, however. You are limiting the amount you can win by buying in short. The $1/$2 games live are full of fish and calling stations that you can value bet like crazy.
And lastly, if you play ultra tight, it becomes obvious. It is very easy to put you on a hand, and bigger stacks will felt you with suited connectors and small pairs when you blow your wad with A-A.
Buy in full. Open up your range a little. Set mine with small pairs, play suited connectors in LP, and raise when you enter the pot (for the most part).
These are just tips, and dynamics play a huge role in strategy in real time. Take it with a grain of salt.
Just my $0.02. What works for me.
Edit: I forgot to mention, if you play too tight, you don't get much action when you get a monster. I feel it is important to balance your range, and mix it up a bit to be more unpredictable.