General Betting
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15 Feb 11
21:56
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Date Joined:
12 Mar 07
Not being a statistician I ask if the following is basically correct.
Over a sample of 500 games, betting at avg. odds of 2.50, the variance would be
(500/2.5)*(1-(.1/2.5))= 192 and
the standard deviation would thus be the square root of this variance, thus being 13.86.
And therefore if I am achieving results better than two standard deviations, it would be statistically significant ?
Over a sample of 500 games, betting at avg. odds of 2.50, the variance would be
(500/2.5)*(1-(.1/2.5))= 192 and
the standard deviation would thus be the square root of this variance, thus being 13.86.
And therefore if I am achieving results better than two standard deviations, it would be statistically significant ?
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.
http://www.surveysystem.com/sscalc.htm
I think I've linked you to this four times now. On this occasion I'm not going to go through the mechanics of using it though, just check your old discussions with me.
http://www.surveysystem.com/sscalc.htm
I think I've linked you to this four times now. On this occasion I'm not going to go through the mechanics of using it though, just check your old discussions with me.
I've been there Lori and tks. for the link.
But if one is not a pure statistician, it's easy to be unsure that one is doing the correct thing.
Therefore my request for a check of my workings. That's all this id.
Not a request for someone to do all the work as you seem to be continuously implying.
But if one is not a pure statistician, it's easy to be unsure that one is doing the correct thing.
Therefore my request for a check of my workings. That's all this id.
Not a request for someone to do all the work as you seem to be continuously implying.
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