RE: [vpFREE] why CE is better than EV

 

Cogno wrote: "And yet the CE formula says you need over $1200 to play this game."

I think the solution to this quandary is that CE only applies to money at risk. In your example you have $0 at risk. Another thing to watch for is that the formula presented (EV-Variance/Bankroll/2) is valid for a normal distribution, which is a reasonable approximation for most if not all video poker, but it is an approximation. CE can be solved for without assuming a normal distribution, but it involves more math.

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Posted by: nightoftheiguana2000@yahoo.com
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