That measurement is for 1 standard deviation from the expectation and if we were to run hundreds of ‘trials’ of 100 flips, we could plot our results on a bell curve and the vast majority of results would fall between 55 and 45 either way. That is, a result of 55 heads and 45 tails or something in between is not unusual it will happen 68.3% of the time. In our coin-flipping exercise, we expect 50 heads and 50 tails to occur, but two-thirds of the time the actual result will be somewhere between 45 and 55 either way. Standard deviation is a mathematical term used to predict the outcome of a situation. But the reality may well be different the measurement of that reality is called “standard deviation”. If you flip a coin 100 times, your expectation is to receive 50 heads and 50 tails. Lesson 9 – Money Management – Part 3 Last Updated: FebruExpectation and Standard Deviation

Lesson 20 : A Field Trip with the GameMaster.Lesson 19 : Advanced Single-Deck Blackjack - Part 2.

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