How likely is it to be losing after 300 hours if your BB/h (big bets per hour) is 0.5/1.0/1.5 and your sd is 10/12/14? Anyone care to answer or a simple formula to calculate that would be great too. Thanks.
BruceZ
05-13-2004, 09:15 AM
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How likely is it to be losing after 300 hours if your BB/h (big bets per hour) is 0.5/1.0/1.5 and your sd is 10/12/14? Anyone care to answer or a simple formula to calculate that would be great too. Thanks.
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I'll do 3 of these at once, (0.5, 10); (1.0, 12); (1.5, 14); and you can do the other combinations.
300*[0.5, 1.0, 1.5] - sqrt(300)*[10, 12, 14]*S < 0
S is the number of standard deviations below average.
S > [ sqrt(300)*0.5/10, sqrt(300)*1.0/12, sqrt(300)*1.5/14 ]
These correspond to probabilities of 19.3%, 7.4%, and 3.2% from the standard normal distribution, Excel function normsdist(-S).
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