Lottery Variance "Poker Term": Exploring the World of Home Game Variance in Thai Culture Is poker gambling? : r/poker Aug 14, 2022 ... Yeah I'm a winning player it just the variance is to blame for me being down 20k on poker tracker Poker is not just a game of luck in Thai culture. In Thai society, poker has evolved into a popular form of gambling where the element of skill intertwines with chance. There are various "Poker terms" that Thais use when discussing and participating in poker games, especially in home games. In Thai culture, home games are highly favored as players get to experience a more relaxed atmosphere compared to official poker tournaments. Often, people gather at their houses, engage in a poker session, and a "kitty" (a poker term specific to home games) is collected to cover any expenses. What makes small stakes tournament poker so difficult to win? - Quora Jan 5, 2023 ... Im not sure if you mean, how much do they make in profits, or what is their “ev” (short/poker term for expected value, meaning, if they're able to make a consistent profit from their play. If they do have a positive expected value in small stakes, but are losing, that is almost certainly due to variance. In Thai culture, players are sometimes surprised by their outcomes in home games. This is due to the "variance," a poker term that represents the randomness of the gambling outcomes and is a significant aspect of poker betting. It is essential to understand and accept the concept of variance if one is to engage in any form of poker betting. Is this "variance" acceptable in terms of rake or winnings? Thai Poker Regulations From my earliest days playing poker, it was common to contribute to a kitty for expenses. Kitty is a poker term specific to home games, as far as I know. In Thai society, poker players should remember that there are certain stipulations on the amounts that a host can rake from a poker pot. This is particularly true in home games, where players need to be cautious about the rake and other expenses related to the game to ensure that it remains a fair and enjoyable event. Ultimately, poker enthusiasts should have a firm grasp of "Poker terminology" and familiarize themselves with the rules and regulations of Thai culture. This will ensure that their home game experiences stay engaging and enjoyable, fostering a healthy competitive spirit among participants. Conclusion: Poker Term in the Thai Culture Poker is increasingly popular in Thai culture, with various terms such as "variance" and "kitty" adding a local touch to the world of gambling. Understanding and accepting these "Poker terms" is essential in order to participate fully in Thai home games and maintain a competitive, fair, and engaging environment.