Variance

[mojorisin24]

I've heard the term used many times, but I'm still not quite sure what "variance" in poker means. Can anyone help me on that?

[Reef]

from http://www.pokernews.info/pokerterms/variance.html :

A measure of the up and down swings your bankroll goes through. Variance is not necessarily a measure of how well you play. However, the higher your variance, the wider swings you'll see in your bankroll.

[mojorisin24]

Thanks, man. That's a great website, too.

[MycroftX]

heres a good one too
www.dictionary.com (http://www.dictionary.com)

[slickterp]

i've got a fun one too:

noneedtobeadick.org

[MycroftX]

hey now, it was all in good fun.

mine was funnier though.

[slickterp]

come on now, mine was way better, admit it. i was just paying as well.

[mojorisin24]

var·i·ance: The act of varying; The state or quality of being variant or variable; a variation.


That really tells me a lot about how it applies to poker.

[MycroftX]

heh, we'll have to agree to dis-agree /images/graemlins/tongue.gif

[MycroftX]

I'm sorry, from now on I will be more PC

[Wreck]

Actually, the essay entitled "Computing Your Standard Deviation" on this site is outstanding if math intensive. Variance is technically the square of the standard deviation, although the first response you received explained the gist of it.