What does 10nl, 20nl, 50 nl, 100nl, 200nl mean.
The Poker Tournament Variance Simulator calculates variance for poker tournaments, MTTs and SNGs. Enter your tournament (s), hit calculate and let the simulator do its magic. An explanation how this simulator works can be found below. In case the initialization timed out.
The first thing the Variance Calculator does, is to run 20 samples over the amount of hands, winrate and standard deviation specified. It’ll also calculate the expected winnings over the amount of hands. This number will appear as a rather boring straight and black line in the graph.
What is standard deviation in poker? Your standard deviation stat gives you an indication of how “swingy” your game is. The higher your standard deviation, the higher your variance. The lower your standard deviation, the lower your variance.
The amount of variance in poker can sometimes be shocking and can leave players unsure of what to believe. For players who struggle to deal with variance, the problem is often not the wild swings or the perceived unfairness, it’s uncertainty. Sure the losing streaks hurt, but what really kills you is not knowingwhen it will end.
Variance in poker is simply when you have short-term results that are significantly different then the results you should have in the long run. In other words, it's when you run well or worse then you should be. Everyone faces variance when playing poker, it's impossible not to.
Poker Variance. Variance is a term commonly thrown around in poker. While poker is luck based in the short term it is nearly all skill in the long run. The correct play will frequently have a worse result than the incorrect play; good players will frequently lose to bad players.
For more information on variance in poker (specifically in cash games), check out this article on poker swings and variance. Calculating Maximum Poker Variance A coin flip is not an ideal example because break even bets can have a ridiculously long stretch of winning or losing.