c# difference var and dynamic keyword

var is static typed - the compiler and runtime know the type - they just save you some typing... the following are 100% identical:

var s = "abc";
Console.WriteLine(s.Length);

and

string s = "abc";
Console.WriteLine(s.Length);

All that happened was that the compiler figured out that s must be a string (from the initializer). In both cases, it knows (in the IL) that s.Length means the (instance) string.Length property.
dynamic is a very different beast; it is most similar to object, but with dynamic dispatch:

dynamic s = "abc";
Console.WriteLine(s.Length);

Here, s is typed as dynamic. It doesn't know about string.Length, because it doesn't know anything about s at compile time. For example, the following would compile (but not run) too:

dynamic s = "abc";
Console.WriteLine(s.FlibbleBananaSnowball);

At runtime (only), it would check for the FlibbleBananaSnowball property - fail to find it, and explode in a shower of sparks.
With dynamic, properties / methods / operators / etc are resolved at runtime, based on the actual object. Very handy for talking to COM (which can have runtime-only properties), the DLR, or other dynamic systems, like javascript.
.

Variables declared with var are implicitly but statically typed. Variables declared with dynamic are dynamically typed. This capability was added to the CLR in order to support dynamic languages like Ruby and Python.
I should add that this means that dynamic declarations are resolved at run-time, var declarations are resolved at compile-time.
.
http://stackoverflow.com/questions/961581/whats-the-difference-between-dynamicc-4-and-var