Sit n Go Standard Deviation Question
 

I have an online sit n go standard deviation question. Let's say you cash 40% of the time, and your cashes are equally divided between first second and third place. This means that you average about $7 for every $30 entry. How would you compute your standard deviation and therefore your bankroll requirements? And once you have these calculations is it a linear relationship to determine SD and BR for the 30, 50, 100 and 200 sit n goes?

Thanks

Re: Sit n Go Standard Deviation Question
 

Just calculate based on individual data points of your return. If you want to make independant of entry fee size, just divide. So, for a loss your data would be -30/30 or -1 (1 entry fee loss). For 3rd place, 30/30=1 (or a 1 entry fee win), etc. From the data points, you can easily calculate mean and sd using standard stats forumlas.