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The volatility index for the 90% confidence interval is ca. 1.645 times as the "usual" volatility index that relates to the ca. 68.27% confidence interval. It is important for a casino to know both the house edge and volatility index for all of their games.
Only richer casinos can accommodate high-stakes gambling due to the volatility of results. [2] High rollers may also be subject to exceptions from various rules and regulations; for example the high roller rooms at Crown Casino in Melbourne, Australia are the only licensed venue in the state not subject to a ban on smoking. [5]
For many years, analysts have run sin indexes. Some had to do with the consumption of liquor, and others with cigarettes. It was always hard to tell if sin was a leading indicator of bad times or ...
A low-volatility slot machine has regular but smaller wins, while a high-variance slot machine has fewer but bigger wins. Weight count is an American term referring to the total value of coins or tokens removed from a slot machine's drop bucket or drop box for counting by the casino's hard count team through the use of a weigh scale.
Implied Volatility Index was introduced in 1998 and it is a registered trade mark of IVolatility.com. 1998 – Implied Volatility Index measure was introduced for 30 day term for US equity markets; 2000 – Additional IV Index terms were added: 60, 90, 120, 150, 180, 360, 720; 2002 – Coverage of IV Index is expanded to European Markets
For instance, an A-VIX value of 20% can be converted to a monthly figure, remembering that volatility scales at the square root of time, the formula is: 20% x √ 1/12 = 5.77% In the above example, index options over the S&P/ASX 200 are incorporating the potential for a one standard deviation return over the next month of +/- 5.77%.
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The casino usually takes a rake (commission) or a time charge. Whether a poker player can win enough from the game to cover the rake and make a profit depends, aside from the rake level, not only on the player's skill, but also on the opposition's lack thereof - the degree of difficulty can vary widely from casino to casino.
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