Variance provides the potential for significant wins when betting on higher odds. Moreover, it can cause odds fluctuations, which presents opportunities for value betting. Bettors can leverage these circumstances to maximize profitable outcomes.
However, variance also has its disadvantages. For instance, high variance can lead to significant swings in bankroll, which can affect the overall betting experience if not well prepared. Variance can also make short-term results unpredictable, potentially leading to losing streaks even if value bets are made.