New Posts For Thread: Any statisticians out there ?https://community.betfair.com/general_betting/go/thread/view/94082/26667381/any-statisticians-out-thereTwo series of 333 bets.Series 1)Geometric mean of odds = 1.321Arithmetic mean of odds = 1.324Cumulative net profit ( flat stakes of one unit and net of 5% commission) = 98.22.Series 2)GM of odds = 5.987AM of odds = 6.924**** Net Profit= 464.37.Are eiFine as Frog Hair - message me with an email, I may have time to consider this the week after next.https://community.betfair.com/general_betting/go/thread/view/94082/26667381/any-statisticians-out-there?post_id=482561597#482561597Fine as Frog Hair - message me with an email, I may have time to consider this the week after next.Sun, 23 Jan 2011 05:29:41 -0600Am I amber, red or green ?https://community.betfair.com/general_betting/go/thread/view/94082/26667381/any-statisticians-out-there?post_id=482382681#482382681Am I amber, red or green ?Fri, 21 Jan 2011 12:39:44 -0600FermatSo what info do I exactly need and how do I apply it ?https://community.betfair.com/general_betting/go/thread/view/94082/26667381/any-statisticians-out-there?post_id=482380789#482380789FermatSo what info do I exactly need and how do I apply it ?Fri, 21 Jan 2011 12:21:22 -0600This is really a problem of how the odds or probability p is spreadThe Arithmetic mean of odds and Geometric mean of odds do say something about the spread of the odds, but is nowhere near as good a measure as the variance of odds or standard deviatihttps://community.betfair.com/general_betting/go/thread/view/94082/26667381/any-statisticians-out-there?post_id=482373313#482373313This is really a problem of how the odds or probability p is spreadThe Arithmetic mean of odds and Geometric mean of odds do say something about the spread of the odds, but is nowhere near as good a measure as the variance of odds or standard deviatiFri, 21 Jan 2011 11:09:28 -0600Am I amber, red or green ?https://community.betfair.com/general_betting/go/thread/view/94082/26667381/any-statisticians-out-there?post_id=482337529#482337529Am I amber, red or green ?Fri, 21 Jan 2011 02:11:15 -0600the sot man is here.https://community.betfair.com/general_betting/go/thread/view/94082/26667381/any-statisticians-out-there?post_id=482336053#482336053the sot man is here.Fri, 21 Jan 2011 01:29:56 -0600Not into HR.So I'll take your word for it.Some people are however truly exceptional.I hope he was appreciated in his lifetime.https://community.betfair.com/general_betting/go/thread/view/94082/26667381/any-statisticians-out-there?post_id=482335593#482335593Not into HR.So I'll take your word for it.Some people are however truly exceptional.I hope he was appreciated in his lifetime.Fri, 21 Jan 2011 01:18:53 -0600Google "Value Betting"It is the bible of pricing up your own racing price tissues.Should be readily available on Amazon/Ebay for about stg£25/£30Regrettably, I remember reading that Mark passed away a number of years ago; an absolute giant of the ghttps://community.betfair.com/general_betting/go/thread/view/94082/26667381/any-statisticians-out-there?post_id=482335521#482335521Google "Value Betting"It is the bible of pricing up your own racing price tissues.Should be readily available on Amazon/Ebay for about stg£25/£30Regrettably, I remember reading that Mark passed away a number of years ago; an absolute giant of the gFri, 21 Jan 2011 01:17:19 -0600Don't know the latter.Worth investigating ?https://community.betfair.com/general_betting/go/thread/view/94082/26667381/any-statisticians-out-there?post_id=482335385#482335385Don't know the latter.Worth investigating ?Fri, 21 Jan 2011 01:14:20 -0600Ambrose Bierce for the quote "The business known as gambling is looked upon with extreme disfavour by the gambling known as business".After that...the author of "Reminiscences [sic?] of a Stock Operator" [Messer Jesse Livermore].Not forgetting the uthttps://community.betfair.com/general_betting/go/thread/view/94082/26667381/any-statisticians-out-there?post_id=482335341#482335341Ambrose Bierce for the quote "The business known as gambling is looked upon with extreme disfavour by the gambling known as business".After that...the author of "Reminiscences [sic?] of a Stock Operator" [Messer Jesse Livermore].Not forgetting the utFri, 21 Jan 2011 01:13:29 -0600