Variance – noun

The “ebb and flow” of playing poker for an extended period of time. To be more precise it’s the swings that one experiences due to the mathematical outcome of any given situation. For example:

You’re a 4-1 favorite to win a particular hand but there are still cards in the deck that can give your opponent(s) the winning hand (also known as a Suck Out). This is often referred to as Variance.

More often than not the word is used in a negative light to describe the above situation. However, it certainly applies to the upswings one has when they’re “running good”. Most players at that point simply point to their superior play rather than chalk it up to “variance”.

Overheard at the poker table – “variance is a bitch”

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