Variance in different forms of poker
It seems like variance is a relaly misused term around here, SNGers say SNGs have high variance, limt players say variance is higher in limit than in NL and NL players say the opposite. So I was hoping someone who understands it very well could make it crystal clear...
1) What is variance in the context of poker?
2) Which form of poker has the highest variance and why?
3) Which has the lowest and why?
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