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  1. #151
    Che cazzo stai dicendo? DisgruntledLionFan#54,927's Avatar
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    Do you think this statement is accurate: "The Colts are 3-1 favorites. They have a 3-1 chance of winning it all compared to the field. But the betting line is 1-3".

    My guess is that most people would say that's an incorrect statement. But it's exactly the same as yours, plugging in the relevant numbers.
    The Colts have a 25% chance of winning the SB, 1-3. Therefore, the odds against them are 75%, 3-1.

    DET has a 78% chance of winning the EC, 7-2. Therefore, the odds against them are 22%, 2-7.
    Last edited by DisgruntledLionFan#54,927; 03-30-2006 at 10:32 PM.

  2. #152
    Nostradamas Jr.
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    Dallas is folding like a cheap lawn chair...perhaps you were right about them beating Detroit being the best case scenario. Had I known that Dallas would lose 2straight games after the Detrot game, I would have rooted for them in the Pistons' game.


  3. #153
    Hedo Layup Drill ShoogarBear's Avatar
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    Jimcs50 you ignorant .

    If the Spurs end up tied with the Pistons, Ima come to you house, Ima piss on your gardenias.



  4. #154
    Hedo Layup Drill ShoogarBear's Avatar
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    The Colts have a 25% chance of winning the SB, 1-3. Therefore, the odds against them are 75%, 3-1.

    DET has a 78% chance of winning the EC, 7-2. Therefore, the odds against them are 22%, 2-7.
    As far as the "chances of them winning" the SB, that can only be true if the odds for all the teams combined add up to 100%. Do sports books actually do that, ie.., make sure that the summed odds eqal 100%?

  5. #155
    Go DJ T-Pain's Avatar
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    bear of sugar is in da house

  6. #156
    Nostradamas Jr.
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    Jimcs50 you ignorant .

    If the Spurs end up tied with the Pistons, Ima come to you house, Ima piss on your gardenias.



    No, not the gardenias.

  7. #157
    I love the 80's! Old School Chic's Avatar
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    Well, that's at least one person then.
    Shoogarbear, I missed you!

  8. #158
    Go DJ T-Pain's Avatar
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    Shoogarbear, I missed you!
    i missed you more, havent seen you in awhile!

  9. #159
    I love the 80's! Old School Chic's Avatar
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    i missed you more, havent seen you in awhile!
    Hi T-Pain

    I had problems with my PC

    It was down since yesterday morning and just got it back running a little while ago

  10. #160
    Hedo Layup Drill ShoogarBear's Avatar
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    Shoogarbear, I missed you!
    I missed your bravatar!

  11. #161
    I love the 80's! Old School Chic's Avatar
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    I missed your bravatar!


    I can't put it up right now because I'm running some programs for a virus that tried to swarm it's way in

    Is that the reason why our Sigs are off?

  12. #162
    Go DJ T-Pain's Avatar
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    Hi T-Pain

    I had problems with my PC

    It was down since yesterday morning and just got it back running a little while ago
    awesome

  13. #163
    Hedo Layup Drill ShoogarBear's Avatar
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    I can't put it up right now because I'm running some programs for a virus that tried to swarm it's way in

    Is that the reason why our Sigs are off?
    Sigs are always turned off during a game, otherwise the game blog slows the whole site down. Usually they're back on the next day.

  14. #164
    I love the 80's! Old School Chic's Avatar
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    Sigs are always turned off during a game, otherwise the game blog slows the whole site down. Usually they're back on the next day.
    Well, I am hoping to put up my avatar up tomorrow.

    Just for you

  15. #165
    PRICELESS SPURS FAN polandprzem's Avatar
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    Thank you Shoog

  16. #166
    I love the 80's! Old School Chic's Avatar
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    Silly Poland

  17. #167
    Che cazzo stai dicendo? DisgruntledLionFan#54,927's Avatar
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    As far as the "chances of them winning" the SB, that can only be true if the odds for all the teams combined add up to 100%. Do sports books actually do that, ie.., make sure that the summed odds eqal 100%?
    Since when is betting fair?

    Are you forgetting that betting lines and odds on futures grossly favor the house?

    The only statistical model or rationale Vegas uses is their own...

  18. #168
    Go DJ T-Pain's Avatar
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    did anyone mention this thread should be a classic?

  19. #169
    Lottery Pick Mucha Lucha's Avatar
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    el oso de azucar esta aqui!!!


    oso de azucar??? dass funny!!

  20. #170
    I love the 80's! Old School Chic's Avatar
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    did anyone mention this thread should be a classic?

    Yes, Indeed

  21. #171
    Hedo Layup Drill ShoogarBear's Avatar
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    Since when is betting fair?

    Are you forgetting that betting lines and odds on futures grossly favor the house?

    The only statistical model or rationale Vegas uses is their own...
    That's the point I was trying to make. Both you and Jim said that odds have to do with the chance of a team winning.

    So the ultimate conclusion is the "odds" have nothing to do with "chance of a team winning", it's just an artificial construct by Vegas. So saying a team with 3-to-1 odds against has a "25% chance of winning" is just not true. And so there's no "conservation of odds" when Vegas goes about setting the line for the various teams, i.e., the odds of one team has nothing to do with the ulative odds of the other teams.

  22. #172
    Spurs Expert Rick Von Braun's Avatar
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    That's the point I was trying to make. Both you and Jim said that odds have to do with the chance of a team winning.

    So the ultimate conclusion is the "odds" have nothing to do with "chance of a team winning", it's just an artificial construct by Vegas. So saying a team with 3-to-1 odds against has a "25% chance of winning" is just not true. And so there's no "conservation of odds" when Vegas goes about setting the line for the various teams, i.e., the odds of one team has nothing to do with the ulative odds of the other teams.
    Shoogar is correct here... they are called odds, but they are not really probabilities.

  23. #173
    Nostradamas Jr.
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    That's the point I was trying to make. Both you and Jim said that odds have to do with the chance of a team winning.

    So the ultimate conclusion is the "odds" have nothing to do with "chance of a team winning", it's just an artificial construct by Vegas. So saying a team with 3-to-1 odds against has a "25% chance of winning" is just not true. And so there's no "conservation of odds" when Vegas goes about setting the line for the various teams, i.e., the odds of one team has nothing to do with the ulative odds of the other teams.

    I never saidthat the odds were their chance of winning, it is not like a roll of the die or the toss of the coin, it is just the odds that you get when you bet on that particular team to win.

    Dtroit and SA are the favorites, but that does not mean that they actully hae a 75% chance of winnng.

    Now if you look at a historical act of hw many times the #1 seeded teams made the Finals, then you can surmise that the fav made the Finals, X amt of times in history. But that does not really determine anything at all, because it is not a mathematical fact.

  24. #174
    Nostradamas Jr.
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    Shoogarbear, I missed you!


  25. #175
    Nostradamas Jr.
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    Shoog, do you want Phoenix to beat Detroit today or Detroit to win?

    I think I want Phoenix because we wat Phoenix to lose more ground to SA in the race for HCA.






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