Re: what is standard deviaton?
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For that matter, what is variance telling me? [img]/images/graemlins/confused.gif[/img].
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From the standpoint of poker, variance tells you what your swings in bankroll are likely to be. For example, at the lower limits where people play much looser, and see more flops, your BB/hr or BB/100 may be higher; but your variance will be higher as well. At higher limits, your BB/hr or BB/100 will be lower, but with fewer folks seeing the flop, and capitalizing on garbage, the lower your variance. So the lower your bankroll swings will be.
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