Jai-Alai Question of the Week


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Re(2): #526 - How do you compute average payoffs?

Posted on April 30, 2014 at 01:11:49 PM by Tiger

True, about specific combos. But, just assume it was the same combo, e.g., 2-3 - the logic is the same. In fact, it was my 2-3 analysis that led to this question.

Median can be a valid method, though a bit more difficult, computationally, since the series must be ordered.

I'm not too quick to throw out outliers, 'cause, hey, they did happen. If you take standard deviation into account, outliers will automatically widen the confidence limits for your 'ultimate' calculation (whatever that may be).

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