What _myVar really is in your example, is the name of the ivar that is backing your property. By default, when you synthesize a property, an ivar of the same name is created for you. So, you can use your property to set your ivar through setter/getter or the _myVar to directly access your variable (bypassing KVC/KVO of course).
EDIT:
From Apple's Coding Guidelines for Cocoa
...In many cases, when you use a declared property you also synthesize
a corresponding instance variable.
Make sure the name of the instance variable concisely describes the
attribute stored. Usually, you should not access instance variables
directly, instead you should use accessor methods (you do access
instance variables directly in init and dealloc methods). To help to
signal this, prefix instance variable names with an underscore (_)...
