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Day 1B In The Book, Day 1C About To Begin

Day 1b is done and we have our final 10 players. Young Oh is leading the pack with 604,000, which puts him atop both starting flights. The player known as DD had the chip lead ...


Understanding Poker Variance

by Reid Young |  Published: Feb 19, 2014

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At the flip of a card, on any given day, any player can beat the best player in the world in poker. Such uncertain outcomes are what draw a lot of players to poker. Even professional players enjoy the intensity and the range of emotion that comes from such risk, as evidenced by the surrounding vernacular; upswing, downswing, busted, running bad. However, most players rarely pause to consider the impact of poker variance on their game, and on the games of their opponents. Even a rudimentary understanding of variance transforms gamblers into thinkers with long-term winning strategies. Win rate is typically described by an hourly rate (like a real job!) or in big blinds won per hour. Most players recognize their win rate as a tidy number. One that is easy to remember and easy to calculate. However, the true circumstances surrounding win rate are quite murky. Experienced players welcome ...


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