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Variability sucks!!
I thought about posting this in the general or theory section, but after seeing the current content...I decided here would be best!
I was reviewing my stats for my play so far this year and I have had a very successful year... however, I am a little concerned that my standard deviation is a little high. I am curious about things that you all may do... to lessen your variability? My current stats are: (PS I only play live poker!) Hrly Rate: 41.81 Total Hours: 823.5 Std Dev: 1405.75 --I typically play 15/30 or 20/40 I know this is not a completely large sample... however, my std dev this year is even larger then it was last year. My std dev for the last 2 years has been in the neighborhood of 20-25 times my earn, but this year it is nearly 34 times my earn. I also remember hearing that somewhere from 10-20 times your earn is a good std dev? Is that correct? Please don't flame me... I just want some opinions about if this seems out of wack, inordinately high, or if I should concern myself with it and if I should--what steps to take. Thanks! |
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