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/

"We thank with brief thanksgiving
Whatever gods may be
That no man lives forever,
That dead men rise up never"
Nor any gambler the long run see ever
........apologies to Swinburne for that last line