Author: excelpunks
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Analyzing Gaming Results using the Binomial Mean and Standard Deviation In the previous post, we talked about the mean and standard deviation when analyzing the results of games. We discussed the Central Limit Theorem and how the majority of results of games would fall within the -1σ to 1σ region of a bell-curve. Here it…
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Mean and Standard Deviation in Gaming In the previous post, we talked about the long term expectation of games derived from the probabilities of outcomes in casino games. How about measuring results in the short-term such as when the results of shoes or player activity appear inconsistent with the expected values? Let’s face it, they…
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Probability The basis of all games of chance is the concept of probability. What is probability? Probability refers to the chance that an event will occur. Probability is a value that ranges from 1, for an event that will definitely occur, to 0, for an event that will never occur. We get the probability of…
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Do you need to compare results of an experiment or a marketing plan? Have you just changed the settings of your slot machines and aren’t sure whether the change resulted in a real difference in earnings? Have you just completed an intensive player promotion programme and need to find out whether it was effective? Statistics…
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Solutions 4: SkyEye – Table Games Requirements: Excel ver. 2007 and above Download: get in touch with us at excelpunks@gmail.com You’re a casino owner or a gaming manager. You need to know anything and everything before anyone else does. AND you needed to know yesterday. You need to see who your winners, losers and heaviest hitters…
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6 Things Every Leader Should Know 1. Leader vs. Manager Let’s be clear, a leader is not a title or an appointment. It is someone who performs the activity of leadership. A leader cares for and develops his people, leads by example, keeps his ear to the ground, is open-minded and willing to change and most…
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5 Ways To Know If You HATE Your Job 1. You Are Reading This Now Let’s face it. If you loved your job, headlines like this wouldn’t even catch your eye. What you are experiencing, is called attentional bias, where your perceptions are affected by your RECURRING thoughts. Are you having some recurring thoughts right…
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Dear friends, As of 9th December 2014, Excelpunks has become an officially registered company! Our services include: Data processing Customised Solution Design (programs in pure Excel with any requirement you specify!) Training (from Noob to Advanced – watch out for that!) Consultancy As usual, if you have questions, don’t hesitate to comment or send us an…
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Solutions 1: OneClickAccounts Requirements: Excel ver. 2007 and above Download: get in touch at excelpunks@gmail.com Doing your accounts late into the night, AGAIN? Wished your monthly reports didn’t seem like you were performing surgery? What if that dreaded day of reckoning could be as SIMPLE as a mouse click? Excelpunks’ OneClickAccounts makes it easy! No…
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