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Poker Discussion
General Poker
Variance is a Good Thing
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[QUOTE="quads, post: 738526, member: 18369"] [B]Variance:[/B] A measure of the up and down swings your bankroll goes through. [B][U]Variance is not necessarily a measure of how well you play[/U][/B]. However, the higher your variance, the wider swings you'll see in your bankroll. Online poker with assorted reasons discussed over and over again, why you will have higher then normal variance when compared to live poker, doesn’t mean you can’t win online. Let’s forget about big purse tourneys conveniently available online, and just consider playing cash games. Let’s also forget about the elite group that could afford to risk funds in big stakes cash games, where a simple heater could keep you in the game and in the green for a year, with sensible management. Let’s talk about just the average 20 million or so other online players. Most of us work for a living, (like 98%) and play online when the grinds of a normal live allow us enjoy ourselves. To really work the long term expected outcome online and fight the variance that comes with it, would require an unreasonable amount of time dedicated to it, that most just don’t have. Having a good time and showing a few hundred or thousand dollar profit for a year is one thing. But to talk like making a living grinding cash games online is easily achievable is pretty much fantasy for most. Being able to multi-table and expedite long term outcomes by playing 7 to 10 tables at once trying to manage a thousand hands an hour, and showing a profit of $10,000.00 a year, of course is a good thing. But very few of us are capable of doing that in the first place, and certainly don’t have the time. Most all the pros we know that are famous, became famous for winning the multi-million dollar purse tournaments, and usually more then once. Not grinding cash games. My point here is to take poker for its face value. P.S. Have much more to add to this but must rush off to work. [/QUOTE]
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Variance is a Good Thing
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