I shudder to think about people taking investing advice from Key Element. When he's out to dinner with a big group, do you think everyone let's him calculate the tip?
Key Element? Do you mind giving us all another lesson on math and statistical probability? I don't know how many "laughing stars" we would assign to that!
Key Element? Do you mind giving us all another lesson on math and statistical probability? I don't know how many "laughing stars" we would assign to that!
Rangers +152, Hamels (22-11), Stroman (4-1)
Key. I had Texas in game one, and again today. I never said I didn't like the pick. And in regard to your last post, this is much better. You are best off just quoting the lines and making a pick without dragging any of that distracting math into it. By the way, 7th grade was how many years ago???
Rangers +152, Hamels (22-11), Stroman (4-1)
Parents PLEASE don't let your kids skip school.....or they might do math like KE. The below will forever be a Covers Classic.
FFT. Consider the money angle. At +167 the Rangers pay 167 cents per dollar of risk. At -174 (best available) the Blue Jays pay 57.5 cents per dollar. 167/57.5 = 2.9. Are the Jays really 3 times more likely to win this game than the Rangers? A 75% probability in a playoff game versus Cole Hamels and the Rangers? The real choice here is between investing and gambling. Even if I thought the Jays had a 75% chance of winning or called it a "lock" the wager itself is foolish.
Hey Key....can u explain all this agan?
Parents PLEASE don't let your kids skip school.....or they might do math like KE. The below will forever be a Covers Classic.
FFT. Consider the money angle. At +167 the Rangers pay 167 cents per dollar of risk. At -174 (best available) the Blue Jays pay 57.5 cents per dollar. 167/57.5 = 2.9. Are the Jays really 3 times more likely to win this game than the Rangers? A 75% probability in a playoff game versus Cole Hamels and the Rangers? The real choice here is between investing and gambling. Even if I thought the Jays had a 75% chance of winning or called it a "lock" the wager itself is foolish.
Hey Key....can u explain all this agan?
But what about when they don't calculate the tip for him? He might leave a 75% tip!
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I have an MBA with an emphasis in statistics. I do realize that I did get carried away with my mocking of Key Element (I am guilty as charged) but I found his analysis hilarious. I can assure you that his explanation and analysis of probability contained in this post is 100% incorrect. If you were to use his methods in the future, you would end up with a misrepresentation of true odds and would surely lose money in the long run. Thus, I was trying to protect people from actually making wagers based on the information he provided.
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