When you get around to revising your book, which is excellent by the way, you should put N0 in it.
Here's Brett Harris' 1997 math paper on it:
http://www.bjmath.com/bjmath/Betsize/theory.htm
"The functional n0[b] is called the Long Run Index, because it is equal to the number of rounds that must be played, with a fixed betting spread, such that the accumulated expectation equals the accumulated standard deviation. As such, it is a measure of how many rounds must be played to overcome a negative fluctuation of one standard deviation with such a fixed spread."
It's written for blackjack but applies to any gamble or stochastic process.
--- In vpFREE@yahoogroups.com, "Frank" <frank@...> wrote:
>
> Thank you all I have found it. Someone emailed me a direct link.
>
> I still can't get to it from my browser from the vpFREE forum for some reason but I can access it directly.
>
> Thanks!
>
> --- In vpFREE@yahoogroups.com, "Frank" <frank@> wrote:
> >
> > I cannot access the link you provided, nor can I find any section of vpFREE entitled faq. How do I get to the info on NO exactly???
> >
> > ~FK
> >
> > --- In vpFREE@yahoogroups.com, "dunbar_dra" <h_dunbar@> wrote:
> > >
> > >
> > >
> > >
> > > --- In vpFREE@yahoogroups.com, "Frank" <frank@> 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
> > > >
> > >
> > > Perhaps you're remembering a discussion about longterm at this link:
> > >
> > > http://members.cox.net/vpfree/FAQ_LT.htm
> > >
> > > ...especially the part posted by John G. Zaroff part way down the page. Zaroff credits TomSki with calculating how many hands it would take to have a 95% chance of being within 1% of EV.
> > >
> > > That's an interesting measure, but I don't think either Zaroff or TomSki meant for that to be an official technical definition of long term.
> > >
> > > --Dunbar
> > >
> >
>
