May 17th, 2016 at 1:54:33 AM
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Morning All?

If I have a slot machine with a house edge (e.g. 3%) and I know its low variance, how would I go about calculating the standard deviation?

Many Thanks in advanced

If I have a slot machine with a house edge (e.g. 3%) and I know its low variance, how would I go about calculating the standard deviation?

Many Thanks in advanced

May 17th, 2016 at 3:08:31 AM
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Standard deviation is the square root of variance. |
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http://www.mathsisfun.com/data/standard-deviation.html |

"should of played 'Go Fish' today ya peasant" -typoontrav

June 18th, 2017 at 3:29:36 AM
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Hi,

I can give you a tutorial if you want for a low fee.

I can give you a tutorial if you want for a low fee.

June 18th, 2017 at 10:39:56 AM
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Quote:many many peopleStandard deviation is the square root of variance

Although this is true I usually figure this is a purposefully unhelpful response, sort of tongue-in-cheek. It makes *me* laugh anyway. Am I all wet?

Usually the SD can be looked up for games, or you can find the variance [in which case the above is relevant], or you can guess about it from a similar game. see link for VP.

https://wizardofodds.com/games/video-poker/appendix/3/

"Baccarat is a game whereby the croupier gathers in money with a flexible sculling oar, then rakes it home. If I could have borrowed his oar I would have stayed." .......... Mark Twain