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1 Answered Questions for the topic casino analysis mathematics

Casino Analysis Mathematics Probability Standard Deviation


What is the standard deviation of potential winnings in a casino session where a player makes 5957 bets on the number 17 for a total of 2,116,780$ and turned a net profit of $67,520?

I am trying to figure out what the standard deviation with regards to winnings in $$$ is, for the following Roulette session:The house edge in roulette is 5.26%, meaning we expect a player to lose... more

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