^Did you miss the part where the chart does not take into account other things that you'd want to correct for if you were setting odds on a bet?
Quote:
Originally Posted by bizaro86
You should take bets where the odds are in your favour, even if they are uncertain. It's like corsi's signature, I would take that bet (45% on a coin flip) even if you only offered it to me once. There are a number of theories on how much to bet in circumstances like that, the most famous is the kelly criterion.
|
Yeah, and I'd probably take the "will the Kings make it" bet if you offered it to me at even odds in person and the stakes were within my risk tolerance. But I wouldn't be shocked to lose or anything.
The only bet I've made recently was on the SCF last year and it was a free roll (Lundqvist for Conn Smythe hedged by Kings to win).
Quote:
Originally Posted by Buster
"Large error bars"....translation: "the data irrelevant".
|
This is just completely and utterly... wrong.