Re: Calculating standard deviation of X hands
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No just the s.d for one buy-in divided by the square root of n .
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But if I do the calculations to find the standard deviation of a high number of STTs (say 900), the answer seems wrong:
1/sqrt(900) = 0,033 buy-ins
Say the buy-in is $105 and my long run ROI is 10%. I then read the answer as "it is 68,3% certain (within 1 standard deviation) I will end up with a profit of $105*900*0,1=$9450 +/- $105*0,033=$3,47. That canīt be right.
$9450 +/- $3,47*900=$3123 on the other hand looks more realistic.
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