[Rudbaeck]

What is variance? Obviously those that say 'NL has less variance than limit' don't mean the same thing as I do. Your variance is the width of the swings around the win rate. And that's much, much higher in no limit.

Your standard deviation divided by your hourly win rate is going to be less in no limit most likely. But that's not what the word 'variance' means.

Variance is lower in one specific scenario though, and that was the norm rather than the exception back when many of these ideas were published. When the opponents are extremely weak-tight and the majority of your gain is based on stealing small pots.