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| However during the course of that 1million hand journey, there will be many occasions where your results will deviate greatly from that line, and this is our variance. If we graphed X expected Income and Y No of hands and drew a straight line from 0 to the bisection of $40000/1m hands, it would result in a straight upwardly pointing line. If you cannot deal with this variance, this in turn will lead to bigger problems that will adversely affect your win rate. These days many people play poker professionally to provide an income or part time to supplement their main income. So what are the best ways to deal with the massive swings poker can throw at you. Therefore if we know that we win 4 big blinds per 100 hands at 100nl (50c/$1 blinds), over the course of 1 million hands, we expect to profit to a tune of $40,000. However as there is an element of luck involved with the game, this can lead to some pretty drastic swings. The Term Variance is used to describe this swings involved in poker. Variance is defined as an event that departs from expectations. _ |
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