Re: Variance
To calculate the odds you need to know the probability of winning. To make this easier, are you speaking of typical 11 to win 10 odds with a ~55% chance of winning? If not then you'll need to be more specific.
As you can imagine you're more likely to go down with say a ~25% chance of winning than you are with a ~75% chance of winning (even though both have a 5% expected return over the long term).
|