by kraada » Sun May 06, 2012 10:33 am
It's standard deviation in big blinds per hand. To get standard deviation in big blinds per 100 hands, multiply the value you get by 10.
The mathematical explanation for multiplying by 10 goes like this:
You want the standard deviation over a sample of 100 hands and we have it over 1 hand now. Variance for independent events are additive, therefore we can square the standard deviation to get the variance per hand. We can add up the variance for 100 hands, then take the square root to get the standard deviation per 100 hands. This works out to be:
sqrt(100 * SD^2), or 10 * sqrt(SD^2) or 10 * SD.