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-   -   Statistically minded experts required please. (http://forums.ozmium.com.au/showthread.php?t=5768)

31st August 2004 09:52 AM

Hammers, you brain dead moron, you are nothing but a s..tstirrer. Here is my post, nothing like how you interpreted it.

"I read somewhere that suggested a 4/1 odds has a 17% chance of saluting the judge.

Does that mean that a 4/1 odds has an 85% chance of producing one winner every five races?"

Now go away.



Hammers 31st August 2004 10:13 AM

Butternut,

I gave you an answer. It was based on mathematics.

You bleat when no one praises your wizardry (????) and no one answers your email requests.

More than one contributor has helped out but you still don't get it. I'm not s stirring, I'm trying to help you as you need it.

5 17% winning prospects do not have an 85% chance of cracking one winner. That misguided logic would mean that 6 17% prospects have 102% chance of one winner which even to a simpleton cannot make sense.

Only trying to help. I will do as you say and go away as I'm afraid you appear beyond help.

One last piece of advice. Give up the punt and get into macrame or something else - you have neither the mental agility nor the temperament to make a go of gambling.

davez 31st August 2004 10:59 AM

a bit of fire in the forum! got to love it!

&, whilst i am no mathematician, i would think that hammers has hit the nail on the head!!

AssumeTheCrown 31st August 2004 01:58 PM

If each of your selections is a 17% chance of winning, then the chance of backing at LEAST one winner out of 5 bets is about 60%.

This is calculated by working out the probability of backing NO winners in 5 bets and is equal to .83^5 = .3939 = 39.39%. Therefore if there is a 39.39% chance of backing NO winners in 5 bets then there must be a 60.61% chance of backing one or more winners. This is based on the assumption that each bet is independant of any other.

See JFC's post for breakdown of chances as they are correct!

[ This Message was edited by: AssumeTheCrown on 2004-08-31 14:00 ]

2nd September 2004 11:26 AM

From Hammers to me "One last piece of advice."

If ever I need advice from an imbecile I'll give you a call. You would have to have the IQ of a house brick. If you cannot see that some of my posts are tongue in cheek then you really do need to try and reverse that charisma bypass operation you had!!

Say Hi to pjjp for me, you only need to look in the mirror!


Squirter 2nd September 2004 02:49 PM


Keep ya cool there ole timer.

Cheers

2nd September 2004 04:58 PM

Thanks Squirter ..... yesterday at Sandown there were three winners in five races. An outlay of $200.00 for a return of $2,003.40. This goes with the return of $3,960.00 one week ago. I'm not suggesting anything, other than consider doing the opposite to chasing one's losses, and maybe not concentrating so much on a mechanical system.


Hammers 4th September 2004 08:33 AM

But A Nut

Mythical wins - still works for a boss.

moeee 5th September 2004 08:04 PM

Quote:
On 2004-09-02 16:58, Butternut wrote:
Thanks Squirter ..... yesterday at Sandown there were three winners in five races. An outlay of $200.00 for a return of $2,003.40. This goes with the return of $3,960.00 one week ago. I'm not suggesting anything, other than consider doing the opposite to chasing one's losses, and maybe not concentrating so much on a mechanical system.


Wouldn't mind getting returns like that for investment of $200.
Can't quite see how you done it.
Don't want to steal anything off you,but what's the go.Treble.all-up,quaddie,what?

moeee 5th September 2004 08:11 PM

Hey JFC WHERE YA BIN?

Like your stuff.
Now that the AFL season is almost gone,want to get something happening with the greyhounds.
Stick around my main man.


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