Re: Normal Distribution -- Applicable to Winrates?
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Well, sort of related to topic here, mention of the TRUE rates brings back memories of PT discussions. IIRC standard deviation while being accurate as reported, also wasn't right on the money. Reason being was PT used a clumping system. Thus, it would split up all hands and spread them out into many FICTITIOUS sessions of 100 hands each. While given an infinite amount of data, this will converted onto the TRUE rates, we all know how many samples one needs in poker that this would take.....forever.
As I recall, some players ran the numbers and there was quite some noticable difference on the confidence intervals between the 100 hand session method, and TRUE system after 30K+ hands still. Which, is sort of expected?
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Very interesting. If PT does it this way, it's doing it both the stupid way and the hard way. It ought to just treat each hand as an observation and go from there.
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