Thursday Dec 16, 2021
250/167 = 59.95% = $75,500 profit / average American makes $53,000
250 times $950 the average win =$237,500- minus $167,000 in losses is $75,000 in profit
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Chad Nolan @cnolan3 is an accomplished College Football and Arena League Football player who has worked with big time NFL and current college football players.
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Bet The Process This is the CNBC Bloomberg Fox Business Of SportsbettingRegression To The Mean
As Robert Glazer writes "The concept of regression to the mean was first discovered by the statistician and sociologist Sir Francis Galton. As part of his research, Galton observed that tall parents tended to have children who were shorter than them, whereas short parents often had children who were taller than them.Based on this, Galton developed the principle of regression to the mean, which states that in any series with complex phenomena that are dependent on many variables, where chance is involved, extreme outcomes tend to be followed by more moderate ones. In other words, if something extremely unexpected happens, it is likely to be followed by something that’s more aligned with statistical projections or expectations.We have a tendency to overreact to results in the short term and use those outcomes to make long term decisions, ignoring the reality of regression to the mean. In particular, we tend to ignore the role of luck and timing when evaluating extreme early outcomes. "High stakes football manager and avid podcast listener i now am a fantasy football writer and contributor#sfb11 wb2021 and #effc3 and Pollys playoff league
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