I'm trying to analyze your system through probabilities... What do you think are the odds of each play winning separately? (On average?)
Let's say the odds of winning, A, B, C, D, or E (separately) on average are 70% each play. (Am I being a little too generous here?) This means that the probability of losing each play is 30%. Which means that the probability of incurring a system loss is (0.30)^5 = 00.24%. Which means there's around one chance in 500 that a system loss will occur, if there's a 70% chance of winning each play. Do you think I calculated this right?
Anyone could help me determine the odds of those plays winning, on average? I'm guessing the high juice on those plays mean that the odds of them winning are pretty high.
0
Quote Originally Posted by Baath887:
Hey Jeff,
I'm trying to analyze your system through probabilities... What do you think are the odds of each play winning separately? (On average?)
Let's say the odds of winning, A, B, C, D, or E (separately) on average are 70% each play. (Am I being a little too generous here?) This means that the probability of losing each play is 30%. Which means that the probability of incurring a system loss is (0.30)^5 = 00.24%. Which means there's around one chance in 500 that a system loss will occur, if there's a 70% chance of winning each play. Do you think I calculated this right?
Anyone could help me determine the odds of those plays winning, on average? I'm guessing the high juice on those plays mean that the odds of them winning are pretty high.
Not over thinking it, just trying to realistically translate our chances of incurring a system loss. I know the chances are slim, but still, it would be nice to estimate the probability of it happening.
0
Quote Originally Posted by BamaTaxMan:
Quit over thinking it.
Not over thinking it, just trying to realistically translate our chances of incurring a system loss. I know the chances are slim, but still, it would be nice to estimate the probability of it happening.
Apologies if this has been asked/answered. But if the A play loses, on the B play, are we betting to win back what we lost on A and break even, or betting to win 1 unit?
Exmaple. If I bet 150 to win 75 on A, and it loses, then on B do I bet to win 150 or bet to win 225?
0
Apologies if this has been asked/answered. But if the A play loses, on the B play, are we betting to win back what we lost on A and break even, or betting to win 1 unit?
Exmaple. If I bet 150 to win 75 on A, and it loses, then on B do I bet to win 150 or bet to win 225?
Apologies if this has been asked/answered. But if the A play loses, on the B play, are we betting to win back what we lost on A and break even, or betting to win 1 unit?
Exmaple. If I bet 150 to win 75 on A, and it loses, then on B do I bet to win 150 or bet to win 225?
Bet to win back what you lost + 1 unit.
In your example, bet to win 225
0
Quote Originally Posted by Thegoat5522:
Apologies if this has been asked/answered. But if the A play loses, on the B play, are we betting to win back what we lost on A and break even, or betting to win 1 unit?
Exmaple. If I bet 150 to win 75 on A, and it loses, then on B do I bet to win 150 or bet to win 225?
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on
this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide
any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in
your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner
of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.
Hot Forum Topics
