An improved method and system for optimizing the allocation of bandwidth within a network system is presented. When a client device is engaged in communication with a remote computing device, an access point measures the throughput of the connection between the client device and the network. If the throughput is less than the amount of bandwidth reserved for usage by the client device, the access point adjusts the amount of bandwidth allocated for the client device to an amount equivalent to the measured throughput multiplied by an error variance factor. This process is then repeated periodically for the duration of the communication between the client device and the remote computing device in order to continually adapt the bandwidth allocation of the client device. Optionally, the method and system can be also deployed in client devices instead of the access point.