bobbartop wrote: "This is ridiculous. If you put in 10 million hands with a 2% EV on a game with 28 variance the only way you ain't gonna win is if you continuously get robbed in the parking lot. Guaranteed!"
2% EV with 28 variance has a pretty nice N0 of 28/.02/.02 = 70,000 hands, so 10 million hands would be almost 143 N0 cycles. There's always a little tail of black swans, but once you get beyond 25N0 it's almost a sure thing, at least your odds of losing are probably less than the odds of getting cheated or robbed in the parking lot or your hotel room.
at N0 (1sd) there is a 15.87% chance of losing
at 4N0 (2sd) there is a 2.28% chance of losing
at 9N0 (3sd) there is a 0.13% chance of losing
at 16N0 (4sd) there is a 0.0032% chance of losing
at 25N0 (5sd) there is a 0.00003% chance of losing
68–95–99.7 rule - Wikipedia, the free encyclopedia https://en.wikipedia.org/wiki/68-95-99.7_rule
https://en.wikipedia.org/wiki/68-95-99.7_rule
68–95–99.7 rule - Wikipedia, the free encyclopedia https://en.wikipedia.org/wiki/68-95-99.7_rule In statistics, the so-called 68–95–99.7 rule is a shorthand used to remember the percentage of values that lie within a band around the mean in a normal...
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Posted by: nightoftheiguana2000@yahoo.com
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