Re: 8 SNG set probabilities
Just in case anybody is having trouble figuring it all out, I'll offer a bit more explanation.
In the first graph, each point represents a possible $ outcome of a 8 SNG set. This is represented by a $ amount on the x-axis (you profit or loss) and a probability value on the y-axis.
In the 2nd and 3rd graphs, each point still represents a $ amount as an outcome, but the probability values are now the probability of that result AND every result better (or worse, depending on the graph).
It is possible to see then your odds of 'making the money' after an 8-SNG set, and other things like your odds of making more than $100 etc...
What is most interesting about this is that unlike my confidence calculator, this does not rely on normal standard distribution assumptions. This is simply a combinatorics calculation based on the respective probabilities of every possible outcome.
AND, where this gets really interesting is in the potential to expand this for a much larger and more useful SNG set.
It effectively gives confidence values that are not approximations at all.
Regards
Brad S
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