The Parlay

[IE]

THE PARLAY

WTF, THANKS..LOL

QUOTE:

Synthesizing the two approaches covered in this paper gives the following picture. An unprofitable bettor who plays parlays will, on average, lose even more. But, from time to time, he might have a large win. By the same token, a profitable bettor who plays parlays will, on average, win more. But, from time to time, he might have a large loss.

END OF QUOTE:

 

[BahamaMama]

IE..... you may as well change the subject of this thread to ATTN: KOTYSDAD >>>> cuz he is about the only one that is gonna understand it

 

[buddy]

Kotysdad AND buddy


This has been my formula for the Sun Belt Conference for as long as I can remember.

Yg = xg( ( 1+w) g-1) - ?? ng-xg ?? (2)

= xg( 1+w) g-ng
.

 

[BahamaMama]

ummmmm, buddy dear........ i understand that ALMOST as well as i understood the link that IE posted.

 

[Blitz]

MY HEAD HURTS!!!:banghead: :teknology

 

[hellah10]

(o) + (o) = (o)(o) = yummy

 

[KotysDad]

Kotysdad AND buddy


This has been my formula for the Sun Belt Conference for as long as I can remember.

Yg = xg( ( 1+w) g-1) - ?? ng-xg ?? (2)

= xg( 1+w) g-ng
.

Buddy,

That wont work because "?? ng-xg ??" is not binomially distributed, but instead hypergeometrically distributed That formula might work better figuring out the number of fish in a pond.


And as for that article, me thinks Alex needs to invest in an equation editor if he's gonna write papers like that. I got about half way through it and thought 'no way this guy's a math major'. Did a quick google search and learned he's a econ grad student. Figures. Economists have a way of taking a problem with 3 unknowns, and expressing it with about 13 variables, then getting lost trying to tie-in the other 10 unknowns.

I love his conclusion though. Profitable bettors will win more, and non-profitable bettors wont.