Re: Risk of ruin question
Doesn't matter what units you use for the formulas. BTW,
these formulas are mere approximations but excellent ones
nonetheless! Also, the time interval commonly used is per
hour, but you could use anything else (personally, I prefer
ten minutes as this is quite easy to do online since the
more data that is accumulated, the more quickly it is to get
smaller confidence intervals and hence, a better estimator
for the win rate).
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