EdCollins
EdCollins
Joined: Oct 21, 2011
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April 18th, 2019 at 2:50:55 PM permalink
Quote: WatchMeWin

Im not sure. Im pretty sure I heard Alex call him a professional sports bettor. We will find out tonight...

You were right. Just heard an intro from last night's show. "A professional sports gambler" is how he was introduced.
charliepatrick
charliepatrick
Joined: Jun 17, 2011
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April 18th, 2019 at 3:24:33 PM permalink
Thanks I found a video of one of his performances ( https://www.dailymotion.com/video/x75ytgj ). I won't spoil it but he seems to just glide to an unassailable lead by keeping control of the board and getting Daily Doubles. I recommend the above video of him on April 17, if you want spoilers more details of his wins can be found at https://en.wikipedia.org/wiki/List_of_Jeopardy!_contestants and https://thejeopardyfan.com/2019/04/final-jeopardy-4-18-2019.html .
FCBLComish
FCBLComish
Joined: Apr 11, 2010
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beachbumbabs
April 18th, 2019 at 3:38:03 PM permalink
He is a bridge player and a friend of Alex Jacob, who also had a good Jeopardy run playing the same exact style.

He has played at Las Vegas Bridge World a few times. I don't think there is anything nefarious here, he really is that good.
Beware, I work for the dark side.... We have cookies
charliepatrick
charliepatrick
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April 19th, 2019 at 6:29:56 AM permalink
WatchMeWin
WatchMeWin
Joined: May 20, 2011
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April 19th, 2019 at 7:36:04 AM permalink
He is becoming the pride of Vegas in my eyes. I would like to see how he does with his sports wagering. He could be the next Billy Walters...
'Winners hit n run... Losers stick around'
FinsRule
FinsRule
Joined: Dec 23, 2009
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Forager
April 19th, 2019 at 8:21:41 AM permalink
Heís a private person, youíre not going to know how heís doing.
Wizard
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Wizard
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April 19th, 2019 at 11:18:58 AM permalink
I figure James knows the answer to about 90% of the questions. I think the questions by answered by other players were not because he didn't know, but lost to the clicker. That said, going "all in" is usually the right play. The only reason he might not is its a category he is very weak in, which probably don't exist (he never seems to fear any category) or it's late in the game and another player has a score he might not be able to pass if he gets the Daily Double wrong.

What would you do in this situation:

1. You have wealth of $1,000,000.
2. You are presented with an even money bet that you have a 90% chance of winning.
3. You have this opportunity once only.
4. How much do you wager, up to the million?
It's not whether you win or lose; it's whether or not you had a good bet.
EdCollins
EdCollins
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April 19th, 2019 at 11:30:25 AM permalink
I wouldn't wager the entire million, because although the thought of two million is very appealing, with a 90% probability of success, I couldn't fathom losing it all, and ending up with zero. I'd have to think hard how much of my million I would wager.

Note that if my wealth of one million had been very hard to come by, and took many, many years, I'd risk much less of it than I would if the million had been easy to come by, and took just a few months. For example, assume my current wealth is one million, but many times in the recent past I had been down to zero, then up to a few million, then down back to zero, then up to a few million, again, etc. It is much easier to risk it all in that scenario, than it would be if this million had been the final accumulation of a lifetime's worth of work.
mcallister3200
mcallister3200
Joined: Dec 29, 2013
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April 19th, 2019 at 11:43:08 AM permalink
I would risk 85-90%, but Iím close to Jamesí age with no dependents. Were I 50+, I think it would be 50% or less.
Wizard
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Wizard
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April 19th, 2019 at 11:50:47 AM permalink
Quote: mcallister3200

I would risk 85-90%, but Iím close to Jamesí age with no dependents. Were I 50+, I think it would be 50% or less.



I think he mentioned he had a daughter and ended a Daily Double wager in her birthday.

However, for the sake of the question at hand, assume happiness is a function of the log of your wealth. In other words, a change in wealth affects happiness not by the dollar amount of the change, but the degree of change relative to the initial wealth.
It's not whether you win or lose; it's whether or not you had a good bet.

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