Reply to thread

Message: [QUOTE="LongRover, post: 4621587, member: 278903"] [b]Defining upswings and downswings re: Variance[/b] The upswings and downswings involved in playing poker over time are not Variance - rather, they are the result of variance. Think of these upswings and downswings as your stack upon a NLHE game table. If you lose, your stack (chips) decreases or goes into a downswing. If you win, your stack (chips) increases or goes into an upswing. Either way, upswings or downswings, on or off the tables, are not variance. They are the net result of it. So, if you win more games than you lose over a set period of time, say, like a year. It can be said that you have finished the year on an upswing. Conversely, if you lose more games than you win over a set period of time, it can be said that you ended the year on a downswing. Upswings and downswing are like increases and decreases in stack sizes on a poker table. Upswings, downswings, increases in stack sizes or decreases in stack sizes are not in themselves -Variance. They are the result of Variance in the hands played upon the table - either in one game or in many games played over a set time. If you understand what I am saying herein, you are getting a very clear idea about Variance. If you do not, then I have not explained Variance well enough. I will try to explain it in a similar way. Variance is the diiference between expectations and outcomes. If a player expects to win, and does not, there is Variance - because Variance is the difference between expectations and outcomes. Similarly, If a player expects to be on an upswing over a set period of time, and it turns out that he actually is in a downswing, then there is a Variance between his expectations of winning games and the outcome of losing games. These Variances are not the upswings and downswings themselves. Upswings and downswings, like increases and decreases in stack size, are the result of expectations and outcomes not being met on the tables during hands in one game or many games across a set period of time. Thus, downswings, upswings, increases or decreases in stack size are the results of Variance - and are not Variance in, and of, themselves. [/QUOTE]

Verification

Search

Reply to thread

About CardsChat

Our Community

Our Site

Follow us