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SM777
SM777
Joined: Apr 8, 2016
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July 28th, 2019 at 7:48:15 AM permalink
https://www.pinnacle.com/en/betting-articles/Betting-Strategy/what-is-survivorship-bias/3DY2T5GERNE7GJYH?utm_source=twitter&utm_medium=article-link&utm_campaign=betting-strategy


“Harvard Medical School analysed the betting histories of over 40,000 of customers playing with a leading online sports bookmaker.

Placing nearly 8 million bets and wagering over €60 million.

Only 245 players showed profits of over €1,000.”

245 of 40,000.
GWAE
GWAE
Joined: Sep 20, 2013
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July 28th, 2019 at 8:22:24 AM permalink
That is crazy and to think a few of them probably hit a big parlay or a big under dog and aren't really ahead because of lots of good wins
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
mcallister3200
mcallister3200
Joined: Dec 29, 2013
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July 28th, 2019 at 8:56:40 AM permalink
13% showing profit but only 245/40,000 being over €1,000 numbers stated in article doesn’t seem to be congruent. The numbers would seem to fit together better if it was 245/4,000 or 2450/40,000 no? Then again what in the sam hell is a € is it a bitcoin? I only understand freedom units.
Last edited by: mcallister3200 on Jul 28, 2019
ThatDonGuy
ThatDonGuy
Joined: Jun 22, 2011
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July 28th, 2019 at 9:36:20 AM permalink
Quote: mcallister3200

Then again what in the sam hell is a € is it a bitcoin? I only understand freedom units.


€ is a Euro.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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ForagerbeachbumbabsRisingDough
July 28th, 2019 at 9:42:40 AM permalink
Quote: SM777

https://www.pinnacle.com/en/betting-articles/Betting-Strategy/what-is-survivorship-bias/3DY2T5GERNE7GJYH?utm_source=twitter&utm_medium=article-link&utm_campaign=betting-strategy


“Harvard Medical School analysed the betting histories of over 40,000 of customers playing with a leading online sports bookmaker.

Placing nearly 8 million bets and wagering over €60 million.

Only 245 players showed profits of over €1,000.”

245 of 40,000.

And only 39755 of those people are allowed to make Sports bets there anymore.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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onenickelmiracle
July 28th, 2019 at 9:52:50 AM permalink
Quote: SM777

https://www.pinnacle.com/en/betting-articles/Betting-Strategy/what-is-survivorship-bias/3DY2T5GERNE7GJYH?utm_source=twitter&utm_medium=article-link&utm_campaign=betting-strategy


“Harvard Medical School analysed the betting histories of over 40,000 of customers playing with a leading online sports bookmaker.

Placing nearly 8 million bets and wagering over €60 million.

Only 245 players showed profits of over €1,000.”

245 of 40,000.



Wellll.... average total bet per bettor.... $1500..... average bet size less than $8...... And we are supposed to be surprised that only 245 are up over $1000?
GWAE
GWAE
Joined: Sep 20, 2013
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mcallister3200
July 28th, 2019 at 9:53:43 AM permalink
Quote: AxelWolf

And only 39755 of those people are allowed to make Sports bets there anymore.



Did you use a calculator?
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
lilredrooster
lilredrooster
Joined: May 8, 2015
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July 28th, 2019 at 9:55:24 AM permalink
13% of bettors winning is much higher than I would have guessed and it is reason for optimism if a person is new to the game
"that ball hit his hands. that's a foul ball. the hands are part of the bat"........... "O.K. you think the hands are part of the bat then go down to Dick's Sporting Goods and buy a bat with hands attached." former MLB umpire Jim Evans
mcallister3200
mcallister3200
Joined: Dec 29, 2013
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July 28th, 2019 at 10:10:45 AM permalink
Quote: lilredrooster

13% of bettors winning is much higher than I would have guessed and it is reason for optimism if a person is new to the game



Yeah that doesn’t really sound much different than poker. Definitely a higher percentage than table games or machines.
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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July 28th, 2019 at 10:44:19 AM permalink
Quote: SM777

https://www.pinnacle.com/en/betting-articles/Betting-Strategy/what-is-survivorship-bias/3DY2T5GERNE7GJYH?utm_source=twitter&utm_medium=article-link&utm_campaign=betting-strategy


“Harvard Medical School analysed the betting histories of over 40,000 of customers playing with a leading online sports bookmaker.

Placing nearly 8 million bets and wagering over €60 million.

Only 245 players showed profits of over €1,000.”

245 of 40,000.



Which is why Rosenthal opened a book inside the Dust.
Tolerance is the virtue of believing in nothing

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