Quote:
Originally Posted by profholt82
The year the Detroit Lions went 0-16, my buddy started betting on them to win after about the 8th or 9th game. He kept claiming that the odds of them losing this many in a row were astronomical, and that they inevitably had to win. He lost a lot of money that season.
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It is amazing how few people understand the basic concept of probability. With your example, the Lions were demonstrating their chances of winning were less than 50%. Therefore, for any particular game, it was a better bet to expect them to lose.