What time reversal invariance is and why it matters

David Albert's Time and Chance (2000) provides a fresh and interesting perspective on the problem of the direction of time. Unfortunately, the book opens with a highly non-standard exposition of time reversal invariance that distorts the subsequent discussion. The present article not only has the remedial goal of setting the record straight about the meaning of time reversal invariance, but it also aims to show how the niceties of this symmetry concept matter to the problem of the direction of time and to related foundation issues in physics.