Poker Coverage: Poker Tournaments Casino News Sports Betting Poker Strategy

Understanding Poker Variance

by Reid Young |  Published: Feb 19, 2014


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 ...

You Are Previewing Digital Subscription Content

To continue reading:


Already a subscriber?