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The Role of Variance and Long-Term Perspective

It’s crucial to understand the concept of variance, which refers to the fluctuations in your results over the short term. Even with a positive expected value, you can experience losing streaks. Variance is a natural part of gambling, and it's important not to let short-term losses discourage you. View your gambling activities as a long-term pursuit. Don't chase losses, and don't get overly excited by wins. Maintain a consistent strategy and stick to your bankroll management plan. Focus on making statistically sound decisions, and over the long run, the odds will be in your favor.

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