Opinion Non-Crows AFL 11: Footy's Back At Last

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Yeah, I know... but I wouldn't be a mathematician if I wasn't a pedant as well :p

I remember when I was a student, we learned the lesson about how, in theory, for a 2:1 payout you can always just keep doubling your bet until you eventually win, and you'll make a profit equal to your initial bet. My girlfriend at the time went straight to the casino to bet on red, and lost six times in a row. If it had turned up black one more time she would have hit the maximum bet limit and walked out several hundred dollars poorer, haha. Fortunately, it came up red and she gratefully walked out $10 richer and let the panic attack die away.

Believe that’s called the Martingale system and it’s why bet maximums based on minimums were introduced. At least that’s what they told me when I did my crappier training. But yeh, takes balls to go all the way like that.
 

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From a purely mathematical point of view, the outcome of a match is not dependent on the outcome of previous matches. However, football players aren't very good mathematical models.
Assume each player is a sphere, and the game is played in a vacuum...
 
Believe that’s called the Martingale system and it’s why bet maximums based on minimums were introduced. At least that’s what they told me when I did my crappier training. But yeh, takes balls to go all the way like that.
It would work if you had an infinite amount of time, money, and no betting limit.

It's a really nice example for a "picking up pennies in front of a steamroller" analogy - good chance of small wins, tiny chance of catastrophic loss. Although bet limits instituted by casinos save gamblers from themselves, as well as giving certainty to the house.
 
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Believe that’s called the Martingale system and it’s why bet maximums based on minimums were introduced. At least that’s what they told me when I did my crappier training. But yeh, takes balls to go all the way like that.

Yep, like most rules in casinos it was introduced because people kept managing to actually beat the house, and that obviously can't stand.

I don't think I've ever seen someone more nervous than she was sticking $320 on red while already $310 behind, haha. That was probably a month's worth of cash for us!
 
Gee, that was poor from Brennan Cox conceding that last shot on goal. Just let Amartey take the mark uncontested in the end, didn't even impede him in the slightest.
Combined with Jackson day dreaming outside the 50. Needed to get back.
 

Opinion Non-Crows AFL 11: Footy's Back At Last

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