How probable is your profit? (robustness?)

[PAULM03]

Following on from Foolsgold's thread about chi-square, and in particular a suggestion by sgt. sunshine I've been thinking about the best way to tell if your profit after a particular number of bets is down to luck or judgment. IMO the suggestion by SS in that thread that a good way to test would be to repeatedly simulate all your bets using fair odds, get the distribution of yields and then see where your yield lies on that distribution is a good one. So that's what I'm going to do (using Foolsgold's data if he doesn't mind:ok) Should have something up and running fairly quickly so watch this space (and thanks for the suggestion SS:))

[AJ]

Re: How probable is your profit? (robustness?) Go ahead and use my data, I'll be very interested in the results