Re: another view on variance
Quite right. And even more: without variance there would be no poker for money. If the bad players never won, they would never play. Total donkeys are prepared to pay $10.000 to play in tournaments with top players. Why? Because they still have a reasonable chance to win. In a game with much less variance, such as chess, this would be impossible. Which amateur would pay $10.000 to play in a tournament where the elite players are almost 100 per cent certain to lay claim to all the money positions?
And apart from variance making it possible for the worse player to win, it also makes it much easier to think that you're better than you are.
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