STD (Standard Deviation)
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STD (Standard Deviation)
"Does anyone know of cases where someone wagers larger amounts after 3+ standard deviations, rather than just dealing with small change?
If a method has an EDGE and thus positive expectation, it is no coincidence if such a method hits marks above 3+ STD. As long as the odds are 1.7 or higher, the setup works.
Therefore, bets around €500+ per wager are not unreasonable, given that losing streaks rarely exceed two consecutive losses.
A total regression involving four points would imply an abnormal correction.
If anyone has heard of or knows of something similar, please share."