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Understanding how common bad, and good, stretches are in sports betting is of utmost importance for anyone who's looking to take their game to a higher level. To understand variance, we have to first have to understand Expected Value, or EV for short. Both of these bets have an expected return of €5, or 5% ROI. Standard deviation has a direct relationship with how we can use the knowledge of what variance is, and how it impacts how successful our betting ventures become. This bell curve would represent our first example, which uses a quite average variance in its strategy. For the purposes of our simulations, we will assume all bets are placed at odds of 3. We will now extend the tests to 1,000 seasons: It's not unusual to hear punters talk about their cold-streaks and write it all down to variance. designer bags cyber monday
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