StatKing - ? for Mason

Stat King has a "Professor" which tells you how much you can earn in a 10 and 100 period. How can you calculate how much you can lose over a 10 and 100 period?


Thanks

I don't know what they mean by a 10 and 100 period.

In StatKing, given a certain standard deviation and earning rate, it calculates the maximum amount of money you could potentially win in any given 10 hour period and 100 hour period. I want to know how to calculate the maximum I could lose in any given 10 hour period and 100 hour period. Do u know how to calculate this?


Thanks

(EV*10)-sqrt(10)*3*SD


or


(EV*100)-sqrt(100)*3*sd

There is discussion of how to do this in my book Gambling Theory and Other Topics. It is the lower limit equation at three standard deviations after either 10 or 100 hours.

This is the correct formula. EV here means expectation (or win rate) per hour.