The 'SDOP' average for mutiple points from 5Hz units is a 'least squares'* average. (GPS-Results only take the straight 'average' error for 1Hz data.)
*As I understand it, the more points you have, the lower the average error as high and low error tend to cancel each other out.
Boardsurfr argues this is not exact as there are other sources of potential error, and I agree to some extent, but for our intents and purposes, it is close enough.
Here is a comparison of a GW-60 and GW-52 from the same session. Note that the error is higher with the watch worn on the wrist and this is due to a smaller antenna and less ideal view of the sky, especially when sailing with under grip on altenate tacks. The GW-52 was worn on the head and has a larger antenna and better, more consistent 'view' of the satellites.
The +/- refers to each result. i.e 30 knots, +/- 0.100 would mean that the speed is 99% probability to be within the range 29.9 to 30.1 knots.
In practice, the
actual error difference I see when comparing exactly the same GPS types (GW-52 with GW-52 or GT-31 with GT-31) side by side is pretty much always well within the possible error range reported. (For 10 data points or more).
When comparing different models with the GW-60, it is sometimes slightly outside the smallest number, as seen here in some results.
You will also notice that some results are in a different rank order between devices when they are very close and within the error margin, as is to be expected.
Also note that the 5 X 10 results are within 0.03 knots, which is a big reason why this category is considered a really good competition comparison.
Note also that the single 2 second results error could be are up to almost 0.4 kts, and the actual difference between the two GPS is almost .19 knots. This illustrates why the 2 second is considered a less reliablely accurate result. (The max and 1 second are even worse).
(results from GPS-Results)

As far as RealSpeed goes, I think from memory the Doppler Error figure is the average for the points selected in the division, but I would have to check with Mal, or do some calculations to be certain.