How does one manage the inherent variance in PLO?

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Managing variance in PLO requires a combination of disciplined bankroll management, emotional control, and strategic adjustments. Since equities run closer and multi-way pots are common, swings are inevitable, making proper bankroll allocation essential to withstand downswings. Emotionally, maintaining a level-headed approach prevents tilt, ensuring rational decision-making even during bad runs. Strategically, focusing on playing premium hands, exercising pot control, and avoiding high-variance spots helps mitigate unnecessary risks.
 
You've nailed it! Managing variance in Pot Limit Omaha (PLO) indeed requires a multifaceted approach. Let's unpack some of these aspects further:

1. **Disciplined Bankroll Management:** In PLO, due to the nature of the game with four hole cards, equities running close together, and multi-way pots, swings can be severe. It's crucial to have an adequate bankroll to weather these fluctuations. A common recommendation is to have at least 50 buy-ins for cash games and even more for tournaments to handle the variance effectively.

2. **Emotional Control:** PLO can be a rollercoaster ride, and it's easy to tilt when facing frequent swings. Developing emotional control is key to maintaining a clear mind and making rational decisions even during rough patches. Taking breaks, practicing mindfulness, and having a solid support system can help in managing emotions.

3. **Strategic Adjustments:** Making strategic adjustments in your game can also help in managing variance. Playing more tightly preflop, focusing on starting hand strength, and exercising pot control can reduce variance by avoiding marginal spots. Understanding positional play, recognizing when to fold, and selectively choosing aggressive spots can also help in controlling the variance in PLO.

In essence, managing variance in PLO is a combination of preparation, emotional resilience, and strategic acumen. By incorporating these elements into your gameplay and mindset, you can better navigate the inherent swings of PLO and improve your overall performance in the game.
 
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