13th February 2007, 04:40 AM
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Member
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Join Date: Jan 1970
Location: Sydney
Posts: 402
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Quote:
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Originally Posted by Bhagwan
These are the Median figures one may like to keep, as to where the majority of one's winners should come from based on ones known SR of the plan one is using.
The idea is to stop betting if it goes past the outs figure mentioned below & restart again after the plan has hit a winner.
This is done to help address the dredded run of outs issiue, that hits all punters at some time.
Most winners will be found within these parameters.
e.g. 30% SR , most winners will be found within 13 bets .
It is sugested that one stops betting if 14 outs are hit, then restart once a winner gets up.
Median run of outs based on ones known SR for the selection plan or criteria one is using...
SR----Run of outs
50%---7
Cheers.
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The median run of outs for a 50% strike rate is 0.5.
Not 7 as you allege.
My bet is that you haven't a clue what a median is, but you are ignorantly repeating that term in order to appear erudite.
If you can't come to grips with such a basic statistical concept then what credibility can you expect to achieve?
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