Poker Glossary

Variance

The natural statistical spread of results around your true win rate — the gap between what your edge earns on average and what any given week actually pays. Even strong winners endure long downswings (and enjoy heaters) that skill cannot prevent; results converge toward expectation only across large samples. Bankroll rules exist because of variance: session results are weather, win rate is climate.

At the table

A solid winner at 5bb/100 can still lose over a 20,000-hand stretch without playing a single hand worse. Run the math and the swing is ordinary, not ominous.

House note

Variance giveth heaters and taketh downswings — the tracker knows which one you’re actually in.

Let the math judge →← Full glossary — all 52 terms

Wear the felt

Poker-native tees and hoodies with jokes that hold up under pressure — straight from our shop.

🎨 Or design your own — any product, no minimums →

Get the inside track

Monthly notes on upcoming meetups, new shop drops, and ⏱ Limited Time Win a FREE private coaching session with Lucky — 21+ years of gambling and professional poker experience. Subscribers get entered in our free private session giveaway.