I'm just surfing through, a little curious about a game I've never played before, but my gosh this is like fingernails on a blackboard:
Quote:
[*]Do you use that feature that allows you to take a portion of an all-in pot according to your EV? It costs something like 0.5% of the pot if I remember correctly. In theory, it should reduce variance, but in practice, it reduces your win rate which increases variance.[/LIST]
The only way that is remotely true is we go full-descriptive-linguistics and accept that
variance has taken on a special meaning only in poker jargon of "probability of a downswing." And yeah descriptively it probably has. But that's both wasting a perfectly good term and introducing confusion, because poker is still pretty closely involved with stats, and
variance is a stats term with a precise meaning that is not at all that.
Splitting a pot according to all-in EV is decreasing variance, not increasing it. How could that not be true?
Quote:
Originally Posted by CoachCoixdog6+
- The variance in 6+ is huge, but as I said, you will have a much higher winrate, so if you are running super bad while having 20bbEV+ winrate, you will simply break even instead of losing money
Yep. THAT is the way I wish people would talk about variance and winrate (mean) interacting.