Re: Estimating Final Odds (815 Views)
Posted by:
Mathcapper (IP Logged)
Date: December 17, 2015 05:42PM
I responded to a post about this last spring in reference to the perceived light payoff in this year's KD super.
You can see the fave/longshot bias at work in the difference between the expected 2015 and 2012 payouts: [url=http://www.thorograph.com/phorum/read.php?1,93619,93647#msg-93647]Hats off to the KY Derby Winner[/url]
Rocky