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  #22  
Old 09-19-2006, 02:48 PM
Toddy Toddy is offline
Senior Member
 
Join Date: Jun 2005
Posts: 1,662
Default Re: Introducing: $20/180 Challenge Prop Bets!! Come in and bet!

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P(An average player making at least 2 final tables out of 5 tournaments)=
1-P(0 FT out of 5 tourneys)-P(1 FT out of 5 tourneys)=

P(0 FT out of 5 tourneys) = .95^5 = .77
P(1 FT out of 5 tourneys) = 5 * .05 * .95^4 = .20

P(An average player making 2+ FT out of 5 tourneys)= 1-.77-.20 = .03

If there are 25 average players...
P(At least 1 player FT 2+ tourneys) = 1- P(25 players not FT 2+ tourneys) =
1-.97^25 = .533

Since the quality of players is better than average, this is a +EV bet.

I'll place as much money as I can on this one.

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How much money is as much as you can?

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BTW EBO this is so annoying that you went to the trouble to figure this out!!! LOL.. I was just picking numbers from the air. The funny thing is that I was originally going to make it -150 that a person will make 2 FTs!
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