Author Topic: Stats. Giggity!  (Read 39365 times)

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Offline NatsDad14

  • Posts: 5241
Re: Stats. Giggity!
« Reply #50: August 24, 2012, 01:08:10 AM »
It's even a bigger problem if you're betting. If one side of a bet has a 100% probability, how do you pay the bet if the other side wins?  The other side has no odds with which to calculate how much you'd win.

It's not 100%. It something like 99.99835%. So they would calculate the odds as 1/(1-.9999835). Or 1 in 60606 chance of missing the playoffs.