General Betting
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which says that results will always improve once you have analysable data.
It's got a name soemthing like the Von Siemen theory or something like that but I can't remember the right key words to google it.
A few examples of it are:
1) School league tables - as soon as you present the data, schools see where they are and start trying to improve their ranking
2) Cause of death - registrars only started recording this in the early 19th century - some people say the very existence of the new data allowed big towns to say to the ratepayers they need money to build sewerage and sanitation infrastructure and deaths from cholera and diarrhoea reduced
3) Net deposits on a card - the theory says that bookies that tell you this will data every time you deposit or withdraw will as a business and over a long enough time do poorly compared to bookies that don't disclose this data.
Just can't recall the name of the theory though.
It's got a name soemthing like the Von Siemen theory or something like that but I can't remember the right key words to google it.
A few examples of it are:
1) School league tables - as soon as you present the data, schools see where they are and start trying to improve their ranking
2) Cause of death - registrars only started recording this in the early 19th century - some people say the very existence of the new data allowed big towns to say to the ratepayers they need money to build sewerage and sanitation infrastructure and deaths from cholera and diarrhoea reduced
3) Net deposits on a card - the theory says that bookies that tell you this will data every time you deposit or withdraw will as a business and over a long enough time do poorly compared to bookies that don't disclose this data.
Just can't recall the name of the theory though.
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John Von Neumann, a famous mathematician.
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which bookies tell you?
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Thank you Andriy - my line manager has recently put some figures in front of me regarding my work performance, and now I can go bak to her and tell her ' I know what you're doing'. Thank you again.
For the silverback - I know that sky bet do, also betfair, don't know any others. Was trying to illustrate an example of the theory - in that case that knowing and seeing data which confirms that you're not very good at gambling ( which is most of us ) will lead you to modify your gambling behaviour ( bet less in all likelihood or more selectively ). |
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Ta. Didn't realise Skybet did. Seems a good example of the theory.
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