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std dev on Bacc side bets
| April 24th, 2011 at 11:59:45 AM permalink | |
| fulkgl Member since: Apr 24, 2011 Threads: 2 Posts: 16 | http://wizardofodds.com/houseedge lists house edge and standard deviation for several games. I can compute the odds for 3 Baccarat side bets, but I don't trust my results for the standard deviation on these 3 side bets. Can you tell me what is the standard deviation for these: 1. Player dragon 2. Banker dragon 3. EzBacc 3 card 7 |
| April 24th, 2011 at 2:29:46 PM permalink | |
| guido111 Member since: Sep 16, 2010 Threads: 5 Posts: 480 |
EZ Baccarat and the Dragon Bet are very popular these days and should continue to be so. I can do #3 for you with the formulas below and you should be able to calculate #1 and #2 using the Wizard's tables here: http://wizardofodds.com/baccarat/baccaratapx5.html. My results for #1= std of 6.328160895 My results for #2= std of 5.968905616 For a wager that pays x:1 with a probability of winning p, the house edge and standard deviation (per unit bet and per 'root decision') are: he = (x+1)*p - 1 std = (x+1)*Sqrt[p*(1-p)] he: ((40+1)*0.0225338) - 1 = -0.0761142 The Dragon Bet (40+1)*Sqrt[0.0225338*(1-0.0225338)] = std of 6.084879032 |
| Bovada is the only Internet casino endorsed by the Wizard. Here are my reasons why and my promise of support. |