How Do you Calculate Your Variance?
Is it as simple as taking your win/loss amount every hour and then calculating the standard deviation? Would one expect this distrubtion to be normal? We've all heard about 300 BB's as an extreme limit of what could be expected by random chance. Does this represent 3 standard deviations from some kind of nominal value? I would think it has to be time or hand weighted to provide a context. Anyone have some insight on all this?
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