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Rollout for all those who weren't sure

Posted By: Matt Cohn-Geier
Date: Saturday, 23 February 2008, at 6:59 a.m.

In Response To: Rollout for all those who weren't sure (Chuck Bower)

0.5 standard deviations means about 69::31 edge. So you are right, if you were going to bet on a VERY LONG rollout (not this gimpy 15,000 trial rollout of Stick's) you should be giving or laying 2::1.

As I understand it, 69% confidence corresponds to about 1 standard deviation. 0.5 standard deviations corresponds to about 38% confidence.

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