Believing in flow of the game?

Originally Posted by Sir Pawnalot

Ok, so you think of variance as variation of our Expected Value- either positive or negative.

There are other kinds of variance too, but maybe you call it something differently. Like variance in cards being dealt (going three days without getting aces, or getting aces three times in a row).

Thanks really, ppl often get pissed when I confuse the terms like I often do.

Variance (via standard deviation) is basically the difference between how often something happens over a sample and how often it would really happen on average, so you're right, all of those things are examples of variance.