Standard Deviation ?

[StevieJS]

Can someone please explain to me what :Standard Deviation " is

These are my stats on "checkyourbets".

I recently started adding my cash game results, as these are the games I tend to play more frequently now



Most of the stuff is self explanatory, but I can't get my head around the stdv..

I have read several posts on different forums, but it all seems like mumbo jumbo ??

What the heck is it in laymans terms ??? ..

I would appreciate your input

[Niccivan]

Standard Deviation is a probability distribution. It's how far data is spread over the mean (average). The more data deviates from its mean (average), the higher the standard deviation.

Laymen terms: It's the measure of variability. In this particular situation, the standard deviation is how far you deviate from the average player on these tables at these stakes. The higher the number, the further you are from the average. I believe they base it on how much you make per hour compared to how much everyone else makes at that specific table per hour.

[spaceboy761]

I'm not sure what they're basing it on. Is it the $/hr number?

[LadyWrestler]

I'm not sure what they're basing it on. Is it the $/hr number?

If that is what it is based on, then it is saying the dollars per hour you have going do not mean much yet. $1.98 dollars per hour with a $19.06 standard deviation means just about anything can happen from plus $59.18 an hour to minus $55.20 per hour. It is telling you that you need a lot more data before you can draw any sensible conclusions. It is saying you might be a winning player, at those levels and conditions, over the long haul, but that is not certain yet.

[spaceboy761]

Maybe. $33 seems really wild for a single deviation on one hour of .10/.25 NL table, but maybe the magic of the internet just let's you fire off so many more hands that you realize.

[spaceboy761]

I guess not. Figure that you max-buy in with $25 to a .10/.25 table... $33 isn't crazy considering the style of play at that level.

[StevieJS]

I guess not. Figure that you max-buy in with $25 to a .10/.25 table... $33 isn't crazy considering the style of play at that level.

Gotta be honest, I'm still getting my head around all this... But in response to the above.

Last night bought in for $25.00 at a 0.10/0.25 cent table.
Start time: 7:43 PM, left the table at 8:33PM with $41.23. (Everyone left the table and I couldn't be stuffed getting onto another one)

So yeah, $33.00 certainly isn't crazy.

What amuses me is that I can win on every cash level I play accept 0.05/0.10 lol

I have finally figured out why that is, so I won't play there any more

[voodoo1215]

why is it stevie?

[StevieJS]

why is it stevie?

Well, this is my logic.

The "constants" are the same, namely:

Same number of players, same number of "decent starting hands" etc, so it comes down to other factors:

1. Players will buy in for very low amounts (down to $2), so there is no fear equity involved
2. Most often they will play with any pair of cards - So reading their hand holdings is extremely difficult
3. They don't recognise betting patterns, so they wont be scared off a pot when there are obvious straight or flush's evident - You can't bluff them
4. They will push more often

In summary, 0.05/0.10 is a complete lottery. You could be Phil Ivey and it wouldn't make any difference- Playing 0.05/0.10 will cost you money

[voodoo1215]

good to know.. ty