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Here is what he gets:. One more time, it gets dispersed. To make things clear, I even displayed a standard deviation line of the winnings.
The equation for standard deviation is equal to. In our case, K is equal to You can actually calculate a few interesting and useful information from the equation above.
You can see that any fixed hand sample has the same standard deviation no matter where on the graph it is located. Before you start playing as little as possible to lower your variance, read on.
This case turns around the whole picture. Win rate is defined as big blinds won divided by a number of hands played.
Actually, something has dramatically changed. The standard deviation now gets smaller trough the increasing hand sample. Same thing for Graph Obviously, the more hands you play, the more accurate your win rate should become.
And for that, you need 1 million hands. So grind on…. Understanding variance is one of the key factors of becoming a good poker player, especially because of your mental game.
You should expect sick things to happen and be capable of facing them. Just remember — never underestimate the variance and overestimate your poker skill.
I wish you all the best at the poker tables. Miha Gazvoda was a poker player who blamed the variance for not making it as a pro. Nevertheless, he luckily had enough skill to become Slovenian poker champion in year Originally published at www.
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Email Address:. Create an Account Submit. Kniphofia 'Lady Luck' PP Common Name: Red Hot Poker The tallest Kniphofia we offer, 'Lady Luck' lends itself well to create dramatic height in a limited footprint.
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