I'm cross-posting this in General Strat. I think this forum probably gets the most strat action though.
I've taken the last few days off from playing and I've started to think some about the effect that multi-tabling has on my winrate and my overall variance. I started out playing 6-max about 2 months ago at 2/4 and I played 2 tables at a time. When I moved to 3/6 a couple weeks ago I started 3-tabling and I found that I could get in a ton of hands this way. I was playing around 300 hands an hour and loving it. Then I hit a bit of a downswing, took a look at my PT numbers and realized that there seemed to be something of a hole in my game. I wasn't defending the BB as much as I had at 2/4 and I as losing much more out of it. My overall VP$IP was significantly lower as well (of course, a part of that comes from the SB, but probably not all of it). I think that in effect, playing 3-tables at a time was affecting my ability to play optimally. I was giving up pots that I shouldn't have, because I had action going at other tables. In essence, I believe that 3-tabling probably adversely affected my winrate. So, I decided to drop back to 2 tables at a time and I booked a couple short sessions with marginal wins and felt pretty decent about my play. Of course, I then decided to take a break for a few days because I realized on Monday that my head wasn't where it needed to be for poker, but I plan to go back to 2-tablng 6-max when I start playing again on Friday or Saturday.
All of that is simply thoughts on my own play. What I hope the meat of this thread can be is a discussion of how multi-tabling affects all of us. I see so many posts about massive downswings, and the overall swings of 6-max, and sometimes it gets me to wondering if everyone is playing at their optimal expectation. I know that it's no secret to most that multi-tabling can reduce your expected winrate, and I think that it can also effect how much variance you experience. The question though, is where is the point where your winrate is adversely effected enough to where you shouldn't be playing so many tables? For me, right now, I believe that numbers is 3 tables of 6-max, I believe that my winrate is adversely affected at 3 tables and I should only play 2 tables of 6-max at a time. If that's not enough action I can mix in a tourney or a SnG, which won't require quite as much effort as a 6-max table. As I get more and more experience I may be able to play 3 or even more tables of 6-max at a time without it effecting me as much, but right now I think is probably the optimal number.
My thought here is that I really wonder how many people might be playing too many tables at once and hurting themselves in the process. Using 5/10 as an example, let's say that a player can make 2 BB/100 2-tabling, but only 1.5 3-tabling and 1 BB/100 playing 4 or more tables. We'll say this player can get in 95 hands per table each hour. This player has an expectation of $38/hr. 2-tabling, $42.75 3-tabling, and $38 an hour playing 4 tables. Hence, he maximizes his expectation 3-tabling even though it's hurting his winrate. However, let's say that this also makes his standard deviation higher and causes him to have more and bigger swings. This could adversely affect his phsyche, cause him to tilt or hurt him in other ways, especially if he's relying on poker as a source of income. So, maybe his best bet is to stick to 2 tables.
Taking it even further, I would venture to guess that most people don't have a set, even deviation like that in how multi-tabling effects their winrate and it would probably be almost impossible to calculate. However, I'd say that it probably effects some people even worse than the numbers I've thrown up on the screen. For instance, there may be many players who won't win as much as 2 BB/100 2-tabling and if their winrate goes down with each table, it could get to a point where someone who's making 1.5 BB/100 2-tabling may be breaking even or losing at 4-5 tables. Like the above player, this guy may be better off playing 2-tables at a time or maybe even 1.
Now, throughout this analysis I've used to 2 tables as a likely optimal number and that's probably only becase I personally think that I'd have trouble concentrating on only 1 table and yet I think that I'm not quite keeping up as well as I should on 3. So, while 2 is likely an optimal number for me (right now) that number could change later on and it may be very different for others.
My main point in all of this I think is that we should probably be looking to find a comfort zone where we're always playing the right number of tables. Where our winrate isn't adversely affected to the point where we're actually losing money or something. I'm not writing any of this as a knock on anyone in the forum, and I really have no idea how valid my ideas here are, but I think it's something that at least bears consideration.
What do you think?