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Variance is a major part of analyzing statistics, which is a key element to understand in sports betting. Variance is a probability distribution curve that applies to anything that has multiple outcomes with fixed probabilities, from coin flips and dice rolls to poker hands and batting averages. If would be great if we could just win every night, that would be a low variance however that just isn’t how it works, sports betting has very high variance. In fact, you should expect about 10-30 times as much variance betting sports than you would experience betting the stock market. Variance will […]