Common Casino Games: Mean, Variance & Standard Deviation
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- Live dealer casino games use cutting-edge technology to bring you a gaming experience that is as fun and exciting as playing at a physical casino.
- Consequently, new online casinos are offering a wide range of casino games that were previously limited to offline establishments only.
- Interactivity has never reached higher levels in online casinos.
- In general, only progressive and streak side bets have a higher level of volatility.
- There are plenty of things you can do to benefit yourself in poker.
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Most other side bets, no matter the game, are much less volatile than Lucky Ladies in blackjack or the Dragon side bet in EZ Pai Gow. At the extreme of volatility for blackjack side bets is the Lucky Ladies side bet (not included in the table). The games with the lowest volatility are, in this order, Pai Gow Tiles, Pai Gow Poker, baccarat (Banker), EZ Baccarat (Banker), baccarat (Player), roulette (even/odd) and craps (don’t pass/don’t come). It is impossible for a player to win less than four bets at a time; losing streaks can be long and tortuous. The pay table is highly skewed towards the top end; players lose a lot while pursuing high paying rare hands. Moreover, a player cannot choose any method of playing the game that reduces his variance.
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