Man, yesterday hit a new extreme in variance. Not only did I drop this pot in PLO:
I raise with AA88 2 suited (spades), MP re-raises (I assume with KKQJ or KKQQ), 2 others call?! So I re-POT. MP calls, and FINALLY the interlopers drop leaving a nice 15% overlay in the pot. He shows KKJJ RAINBOW. Set of jack with 2 spades on the flop and I can only watch as 2 red blanks fall on the turn and river. This was the finale of a 3 hour session where I have already lost the other half of my stack in 8-mixed, getting the ass end of everything. I review my play and have a few loose pre-flop calls, but at 6max you cant fold every hand that isn't a perfect starting hand. Other than that, I think I played correctly.
My end of the variance then came later in the evening when I not only misread my opponent (I think the board was JT9 and I had like T8. When he shoves, he could have either a Q or J. One I am behind, the other I am ahead. In the end I make the call and he has the J, but I river the 1 card straight. Then, not a dozen hands later, I CRACK his AA with my 77 after he disguised his Aces well and the flop came 8 high. I felt the pressure would get anything but an overpair to fold. I made a 1 card straight. By the end, my AQ lost to A8 (aprapo) and IGH 4th.
In the Mookie, my AQ simply lost a race with 99. Just that simple.
Some days/nights you just end up with a lot of variance and many races. It will drive you crazy.