Bankroll and Mindset
Variance, stake selection and judging a session by decisions.
Poker pays out over a long enough horizon that any short run of results says very little about how well the hands were played. This group covers variance as a concept, why a run of losing sessions is an ordinary feature of a game with a small edge rather than evidence of a broken strategy, and the habit of reviewing a session by the quality of the decisions taken rather than by the number at the end of it. It is written as a way of thinking about a game, not as guidance about money to put at risk.
Discussions in this area
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Week 7 of 7
Variance and losing stretches
A run of losing sessions is an ordinary property of a game with a small edge, not evidence that the strategy broke.
7 min