Variance
'Variance' in poker refers to the statistical measure of how your results will vary from the mean or expected outcome over a specified period.
What is Variance in Poker?
In poker, 'Variance' is a statistical term used to describe the degree by which your actual results will differ from the expected ones over a certain period. High variance implies a greater range of outcomes (both positive and negative), while low variance suggests more consistent, but possibly lower, returns.
Understanding Variance
Variance is a natural part of poker due to the game's inherent uncertainty. Even the best players with a positive win rate can experience losing streaks due to variance. Understanding and managing variance is a crucial part of long-term poker strategy.
Dealing with Variance
One common method to deal with variance is bankroll management. By ensuring you have enough funds to weather potential downswings, you can keep playing optimally without the fear of going broke.
Example of "Variance"
For instance, a player who often takes big risks for high rewards will likely experience high variance, with significant wins but also potentially large losses.
- "Despite his solid strategy, he hit a rough patch of variance and had a losing month."
- "Her conservative style leads to lower variance, but she consistently makes a profit."
- "He decided to play in higher stakes games, accepting the increased variance for the chance at larger payouts."
Variance in Poker FAQs
What is Variance in poker?
Variance in poker is a statistical term used to describe the degree by which your actual results will differ from the expected ones over a certain period.
How does Variance affect the game?
Variance can significantly affect your poker results in the short term. Even if you're playing well and making correct decisions, you can still have losing sessions or even losing streaks due to variance.
How can I manage Variance?
One common method to manage variance is through effective bankroll management. By ensuring you have enough funds to weather potential downswings, you can keep playing optimally without the fear of going broke.
Is high Variance bad?
Not necessarily. High variance means a wider range of potential outcomes, both positive and negative. A player might choose a high variance style if they're willing to accept larger swings in their bankroll in exchange for the chance at bigger wins.
Can Variance be reduced?
Variance can't be eliminated, but it can be managed. Playing a tight and aggressive style, avoiding unnecessary risks, and practicing good bankroll management can help reduce the impact of variance.
