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Variance Explained: Why Card Counters Can Lose So Much

Duration: 08:17Views: 17.2KLikes: 469Date Created: Apr, 2022

Channel: Blackjack Apprenticeship

Category: Education

Tags: 6 deckblackjack apprenticecolin jonesdouble deckblackjack shoeblackjacklosingblackjack strategyblackjack apprenticeshiphow to count cardsgambling lossbeat blackjackshoe game21

Description: 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. SUBSCRIBE for Card Counting training: youtube.com/subscription_center?add_user=bjavideos Get access to our FREE Card Counting Mini-Course: blackjackapprenticeship.com/card-counting-mini-course-opt-in blackjackapprenticeship.com facebook.com/blackjackapprenticeship 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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