Variance Explained: Why Card Counters Can Lose So Much

Most gamblers, and even many card counters, have a poor understanding of odds and variance, particularly the idea of being “due for a win.” In this video, Colin breaks down how to understand these concepts so you can have realistic expectations, avoid making dangerous assumptions, & know for sure the reason you’re losing is because of variance.

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0:00 Intro
0:21 What is variance?
2:20 Variance for card counters
6:12 Pro Betting Software
7:00 Minimizing variance
7:44 Conclusion

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