Common Casino Games: Mean, Variance & Standard Deviation
The best example of a game with a high skill factor is blackjack because every decision in this game affects the probability of winning. On the other hand, card games are viewed by many people as special kind of games deserving their own category. It is a popular casino game, which results are determined by dice. This game is quite similar to the most common poker game Texas Hold’em.
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At the extreme of volatility for blackjack side bets is the Lucky Ladies side bet (not included in the table). These games are for those who shun variance and want the lowest volatility. High variance games and wagers are for those who like a lot of volatility.
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