Calculating variance
Labels: introduction to statistics
posted by Gary Carson at
9:03 PM
Tuesday, February 9, 2010
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I'm a writer and a poker player. I've written a couple of poker books and will probably be writing a couple more. I live in Cushing, Oklahoma. You can find a more complete bio here
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3 Comments:
I was under the impression from your older articles that this sort of simple method of calculating variance could not be applied to poker results. Can you clarify please?
much obliged
The problem with direct computation of variance used to be that poker records were generated by hand and tended to be grouped into arbitrary sized groups -- session results. Results were a mixture of one hour sessions, four hour sessions, etc.
That's still the case with live results.
But with online results we have basic data at the hand level, in which direct computation does apply.
You could relate in each detail very well.Nice, accurate and to the point.
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