New Posts For Thread: 4 roomshttps://community.betfair.com/general_betting/go/thread/view/94082/27678725/4-roomswhat's the best offer to take?Well done wallet and longbridge,my way(not going to the last room)would give me a 2/3 chance of top 2 offersand a 1/3 of the bottom 2.I shall use your strategy when I go on the show to flog my Picasso.https://community.betfair.com/general_betting/go/thread/view/94082/27678725/4-rooms?post_id=496951401#496951401Well done wallet and longbridge,my way(not going to the last room)would give me a 2/3 chance of top 2 offersand a 1/3 of the bottom 2.I shall use your strategy when I go on the show to flog my Picasso.Wed, 25 May 2011 15:13:11 -0500with each offer you are given new informationand the probability changes. a bit like the monty hall paradox on here a few years agohttps://community.betfair.com/general_betting/go/thread/view/94082/27678725/4-rooms?post_id=496901665#496901665with each offer you are given new informationand the probability changes. a bit like the monty hall paradox on here a few years agoWed, 25 May 2011 07:41:12 -0500well done longbridge ,I can understand that better than my own ramblings,i only needed to write last two lines.https://community.betfair.com/general_betting/go/thread/view/94082/27678725/4-rooms?post_id=496900309#496900309well done longbridge ,I can understand that better than my own ramblings,i only needed to write last two lines.Wed, 25 May 2011 07:23:59 -0500so basically just keep rejecting prices until you get an uptick and take it?I like it - as you say, only if the prices are offered in the order 4-3-2-1 do you end up with the worst price (where 4 is best offer and 1 is worst)looking at all 24 comboshttps://community.betfair.com/general_betting/go/thread/view/94082/27678725/4-rooms?post_id=496899413#496899413so basically just keep rejecting prices until you get an uptick and take it?I like it - as you say, only if the prices are offered in the order 4-3-2-1 do you end up with the worst price (where 4 is best offer and 1 is worst)looking at all 24 combosWed, 25 May 2011 07:12:22 -0500should be one in twenty four chance last linei just read that again and confused myself.https://community.betfair.com/general_betting/go/thread/view/94082/27678725/4-rooms?post_id=496895721#496895721should be one in twenty four chance last linei just read that again and confused myself.Wed, 25 May 2011 06:17:58 -0500if the buyers knew the order, the last would offer a penny.if they did not, then a random pick is a one in four of being the highest, and a one in four of being the lowest.i would reject the first bid and listen to the second,if it was lower then i khttps://community.betfair.com/general_betting/go/thread/view/94082/27678725/4-rooms?post_id=496895569#496895569if the buyers knew the order, the last would offer a penny.if they did not, then a random pick is a one in four of being the highest, and a one in four of being the lowest.i would reject the first bid and listen to the second,if it was lower then i kWed, 25 May 2011 06:15:41 -0500The buyers don't know the order, and they must have their offerwritten down before the first bid is made.https://community.betfair.com/general_betting/go/thread/view/94082/27678725/4-rooms?post_id=496883957#496883957The buyers don't know the order, and they must have their offerwritten down before the first bid is made.Wed, 25 May 2011 02:08:57 -0500Do the buyers know the order the rooms are visited?If they don't then take an offer at random.If they do then take offer 1 or 2 at random.https://community.betfair.com/general_betting/go/thread/view/94082/27678725/4-rooms?post_id=496861613#496861613Do the buyers know the order the rooms are visited?If they don't then take an offer at random.If they do then take offer 1 or 2 at random.Tue, 24 May 2011 21:06:46 -0500OK I'll explain; New series in which people who believe they have a valuable artefact get a chance to sell it to four of the country's leading buyers. (tonight for instance there was a Francis Bacon canvas and a Norman Foster table)They can meet thehttps://community.betfair.com/general_betting/go/thread/view/94082/27678725/4-rooms?post_id=496837401#496837401OK I'll explain; New series in which people who believe they have a valuable artefact get a chance to sell it to four of the country's leading buyers. (tonight for instance there was a Francis Bacon canvas and a Norman Foster table)They can meet theTue, 24 May 2011 16:56:42 -0500what's the best offer to take?https://community.betfair.com/general_betting/go/thread/view/94082/27678725/4-rooms?post_id=496820249#496820249what's the best offer to take?Tue, 24 May 2011 14:12:42 -0500