Recent comments in /f/dataisbeautiful

Hsinats t1_jcyaf3t wrote

This is a tough graph to read easily; the colour is completely redundant. You might as well have just shown the table at the bottom because it shows all the information without having to cross check with anything else.

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DAFPPB t1_jcy9trh wrote

I’m being a bit nit picky but either colouring the text to match up with the pie or creating some numeric legend would improve the readability.

It matches up with the lifecycle during a sprint. 😂

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Perpyderpy t1_jcy4i3q wrote

Shouldn't have used the vernacular "bookie", which might be more region-specific. If you win 100,000 on a pick 6 will you be banned? What if it happened once a year? Or once every two years and still enough to be profitable? Once again, maybe it's a U.K. thing. Tracks do not ban players because they win, nor do online casinos/wagering sites, in the U.S.

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krs1one1 t1_jcxy6kd wrote

I think your naive is you don’t think the vast majority of general population having a random bet AREN’T taking one of these strategies.

People who bet “seriously”, obviously not. But I’d be shocked if the vast majority of blow ins for. A big race weekend don’t either have a favorite or roughies approach.

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Thebitterestballen t1_jcxtdak wrote

Yeah, you don't really make money from any kind of gambling by playing the odds/maths alone but by playing the people or having more information than others.. My brother used to make money from online poker, but he was a very average poker player. His entire strategy was based on profiling other players to rate them as good or bad and then joining games that have a large number of bad players... My point being many people DO play in a simplistic way, if there are enough naive players you can take relatively more of their money.

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ImpliedProbability t1_jcxr6dd wrote

No one employs these strategies. This is a naive analysis.

Plenty of sharp money makes profit from gambling. Tony Bloom is a notable, high-profile figure who made all his money from gambling, and still generates large sums from it. He has been so successful in mathematically calculating value bets he is now the owner of Brighton football club, and the 'Asian handicap' exists because of him.

You have a very basic understanding of gambling and are coming at it from a biased angle that presumes to treat everyone like children that shouldn't be left to the consequences of their own bad decisions.

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