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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