[vpFREE] Re: Long Term

 

N0 (Nzero) = variance/edge^2 hands
Example: FPDW +0.25% cashback: N0 = 26/.01/.01 = 260,000 hands
At less than N0 hands you are in the short term (std.dev.>edge or luck>skill), at more than N0 hands you are in the long term (edge>std.dev. or skill>luck), so N0 is the inflection point where skill begins to overtake luck. In the short term, luck is dominant, in the long term, skill is dominant.

It's in the FAQ.

--- In vpFREE@yahoogroups.com, Tom Robertson <007@...> wrote:
>
> >Does anyone out there remember where the technical definition of "Long Term" for video poker is sequestered? I remember the content and that it was the number of hands required to have a 99% chance of being within + or - 1% of expectancy, but I can't seem to find it now.
> >
> >~FK
>
> There's a measure called "N0" that I believe is meant to define the
> point at which expected value is 1 standard deviation above break
> even. But I wouldn't call any definition "official."
>

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