[pooh74]

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In SNGs, your variance will always be near the same, regardless of your ROI

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Of course, strictly speaking you are right, but when poker players talk about variance, they actually mean something slightly different.

They are referring to the kinds of swings that they will take.

This is very much affected by ROI, so a better metric for swings is not SD alone, but rather SD divided by profit/tourney.

Regards
Brad S

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So if we assume that an above average player will enjoy a better ROI in a standard SNG because of elongated play time, then his variance should be lower there.