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Standard Deviation
generalA statistical measure of the amount of variation or dispersion of a set of values. In betting, it can be used to quantify the risk or volatility of a betting strategy.
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Key Takeaways
- 1A statistical measure of the amount of variation or dispersion of a set of values. In betting, it ca
Standard Deviation
A statistical measure of the amount of variation or dispersion of a set of values. In betting, it can be used to quantify the risk or volatility of a betting strategy.
Example
A betting strategy with a high standard deviation will have larger swings in its bankroll.