Thanks to the dudes that did their best to guide me out of my math-fog when it comes to explanation of the term, 'variance.'
To Bootlegger for his creative 'Rocky Mountains/Great Plains' analogy and this sentence: 'The greater the variance, the greater the individual highs and lows will be. The smaller the variance, the smaller the highs and lows.'
To Panama Rick for his "99% of the time variance will be between
EV -3SD and EV +3SD."
And ETFan for his "Variance helps us quantify luck."
Now, including BJCobbson and Anonimuss, nobody mentioned my little individual, single box #5, where I am sitting at this table of 7 players. (Although Boot may have been referring to my individual box in his post.) And, nobody mentioned the dealer hand - the 8th hand.
Presumably, variance-math also applies to the dealer hand. Therefore, the dealer hand is just as prone to variance swings as us other 7 wannabees, all waiting in hope for our lucky streak to descend from heaven, now!
We all want our unfair share of 'only good' variance for us good guys, and we all wish 'only bad' variance for the dealer hand. We wish. But boyoboy, you won't hear a peep out of us when The Dreaded One (V) is going good for us; but don't we squeal like cut pigs when The Dread has swung in favor of the dealer! Now what could possibly cause these pendulum-swings of the Dread?
