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#11
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[ QUOTE ]
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. [/ QUOTE ] How much money is as much as you can? |
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