Joined: May 12, 2016
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May 17th, 2016 at 1:54:33 AM permalink
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
Joined: Feb 11, 2014
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May 17th, 2016 at 3:08:31 AM permalink
Standard deviation is the square root of variance.
"should of played 'Go Fish' today ya peasant" -typoontrav
Joined: Jun 18, 2017
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June 18th, 2017 at 3:29:36 AM permalink

I can give you a tutorial if you want for a low fee.
Joined: Nov 9, 2009
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June 18th, 2017 at 10:39:56 AM permalink
Quote: many many people

Standard 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.
"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

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