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Variance Question

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Variance Question - Mon Sep 02, 2013, 10:54 AM
(#1)
TrumpinJoe's Avatar
Since: Jun 2010
Posts: 4,557
As a follow-up on Dr Ellen's I wish to seek your thoughts on this question:

Can variance ever be beneficial?

Please ponder this a bit before you reply.
 
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Mon Sep 02, 2013, 11:01 AM
(#2)
Ovalman's Avatar
Since: Feb 2011
Posts: 1,778
Of course, it keeps bad players in the game


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Mon Sep 02, 2013, 11:04 AM
(#3)
Grade b's Avatar
Since: Jun 2010
Posts: 3,607
Hi Trumping Joe,

my answer is yes. We (poker players) just tend to attribute an upswing to our good play rather than variance.

There is a well know saying about running deep in MTT's.

"you have to win your flips"

or to put it another way

"variance has to run your way"

Grade b


I am always ready to learn although I do not always like being taught. ~Winston Churchill

13 Time Bracelet Winner


 
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Mon Sep 02, 2013, 11:33 AM
(#4)
bhoylegend's Avatar
Since: Jun 2012
Posts: 2,261
Variance can definitely be beneficial.

For one thing, it keeps the game interesting in the long term even if it can be infuriating (or exhilarating) in the short term, because poker would end up being pretty boring without the unexpected happening.

Like Ovalman says, it also keeps bad players around, if they didn't win the odd big pot then they would probably never redeposit when they bust.
 
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Mon Sep 02, 2013, 11:43 AM
(#5)
JWK24's Avatar
Since: Jun 2010
Posts: 24,836
(Super-Moderator)
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I actually ran into this playing a 3/6 limit game at a casino Saturday night and yes, it can be good for the game, as it can keep more fish in it.

There were 2 really big fish at the table that would play anything and one was getting lucky and winning. When she walked away from the table to go to the restroom, the guy in the 1 seat started going off about her bad play (beat him out of a HUGE pot where it was capped pre and 6 saw the flop... she won with 29o on a board that ran out 78TJ. The player to my left turned to him and said "Don't worry, it's good for the game." I didn't say anything, but just turned and smiled to the guy on my left. Glad she stayed too, as she dumped off about $50 of it to me.

If taking a beat every so often keeps the fish around... don't tap the glass.

John (JWK24)


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6 Time Bracelet Winner


 
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Mon Sep 02, 2013, 12:13 PM
(#6)
ArtySmokesPS's Avatar
Since: Oct 2011
Posts: 7,359
Can variance ever be beneficial?

Yeah. If there was no luck in poker, Phil Hellmuth would win every tournament.


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Mon Sep 02, 2013, 02:39 PM
(#7)
GamblingProp's Avatar
Since: Jan 2013
Posts: 714
If there was no luck in poker, maratik wouldn't wont a million for just 40 FPP's.
 
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Mon Sep 02, 2013, 02:52 PM
(#8)
NiakaKay's Avatar
Since: Feb 2013
Posts: 6
If you are a good player, playing within his roll, putting in enough volume, then variance is the best thing in poker for you. If you remove the variance completely, bad players could NEVER win, so bad players would never play. This would make everybody a loser.
 
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Mon Sep 02, 2013, 03:36 PM
(#9)
Profess Awe's Avatar
Since: Apr 2011
Posts: 1,579
Excellent answers above, one player who would not agree that variance is beneficial would be Mingus44, one flip away from a $24,900 pay jump today!
 

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