longshot bias造句

• :I agree about the Favourite-longshot bias.
• See the short Favorite-longshot bias article.
• Anomolies include the favorite-longshot bias.
• One of these is the favourite-longshot bias, which says that people tend to overestimate the odds of longshots winning.
• It is about the favourite-longshot bias in horse racing, which is an observation that over the decades, bettors consistently undervalue the favorite and overvalue the longshot.
• The largest study linked to in Favourite-longshot bias says that, at least in horse racing, although the bias is definitely present, it doesn't present a profit potential.
• This article ( which requires a subscription ) suggests that there is relatively little favorite-longshot bias in Australian Football, though there's a significant home team bias in certain areas, and that algorithms to take advantage of these biases yield modest profits.
• Additionally, by avoiding the favourite-longshot bias, where the expected returns on bets placed at shorter odds exceed that of bets placed at the longer odds, and not betting with one s favorite team, but rather with the team that has been shown to be better when playing in a specific weather condition and time of day, the possibility of arriving at a positive outcome is increased.