Well that didn’t work

October 8th, 2007

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All the combinations lost, even the control group. Now why didn’t it work? I’m going to try it again this week with NHL and other sports that I won’t have any influence on this time.

I thought my limited expertise about NFL would overcome the odds that are on the house’s side.

Each game has 3 options, V T H, so 1/3 chance of each but they’re edited based on Las Vegas analysts that make the odds and on top of that house needs some.

So instead of getting 1/9 odds, on average from all the NFL games you get 1/8.43 which means instead of paying out $9 on a $1 bet they’ll only pay $8.43 which gives them a 7% advantage… Still I think it should have worked.

I’ll post my next experiment soon.

Entry Filed under: Mad Money

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