Thirdly, the majority of winning players is craving action (like
most players, even if they tend to be more patient) and will not
be able to exercise the necessary patience while playing at one
table. This fact alone can greatly reduce the result.
Using standard risk formulas it can be proved that playing at
more than two tables does not increase the volatility, but
rather reduces it. For example, playing at four simultaneous
tables at $5-$10 yields a lower bankroll swing than playing at
two tables. Hence, playing four tables at $5-$10 will give you a
lower total volatility than playing at one $10-$20 table. This
follows the simple logic that asset management is built upon, by
having more assets with no or low correlation in their returns
you will maximize your overall return at a certain accepted
level of risk exposure (volatility). Hence, the best
formula for many semi-professional players is to choose the
limit where they have the highest hourly win rate in absolute
terms (like $20 per hour per table on average) but not
exceeding the limit their bankroll would be suitable for.
For example a player with a $5,000 bankroll should not play
higher than $5-$10 in fixed limit Texas Hold'em at four
simultaneous tables, as that bankroll would be equal to 500
times the Big Bet. As 300 times the Big Bet is reasonable at one
table play, you will need to increase that number with about 50%
for multiple table play in order to handle the larger short-term
fluctuations. Remember that most players lack enough
empirical data on how they are doing at higher limits. As a rule
of thumb you should at least have played 200 hours at one limit
to be able to draw any firmer conclusions. And remember your
result is highly dependent on which type of opposition you are
facing. Most players will do better while playing at the
same type of table and limit (for instance at four full ring
$5-$10 tables) for all simultaneous tables, whereas some of the
short-handed specialists prefer to have one or two tables of
multi-table tournaments open on the side where they will only
play maybe 10% of the hands the first 2 hours without having to
analyze too much. This way they can pay full attention to the
very demanding short-handed or heads-up games they are playing,
but still work their way into the tournaments.
End Of Online Poker Multiple Table Volatility | 
