「Odds in statistics and Odds in a horse race」の版間の差分

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===A race that 5 horses start and 10 bettors bet===
 
===A race that 5 horses start and 10 bettors bet===
Here is a horse race that 5 horses start and 10 people ---10 bettors--- bet each of 5 horses.
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Here is a horse race that 5 horses start and 20 people — 20 bettors — bet each of 5 horses.
  
 
Names of horses are A, B, C, D and E.
 
Names of horses are A, B, C, D and E.
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!style="width:50px"|Horses
 
!style="width:50px"|Horses
 
|-
 
|-
|A
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|style="text-align:center"|A
 
|-
 
|-
|B
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|style="text-align:center"|B
 
|-
 
|-
|C
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|style="text-align:center"|C
 
|-
 
|-
|D
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|style="text-align:center"|D
 
|-
 
|-
|E
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|style="text-align:center"|E
 
|}
 
|}
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 +
Each bettor bets $1 for one horse. All bet money are pooled ($20 pooled in total) and will be redistributed for bettors who bet a winning horse.
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Now each all bettors bet as following:
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 +
{|class="wikitable"
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|-
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!style="width:50px"|Horses
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!style="width:80px"|Bettors
 +
|-
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|style="text-align:center"|A
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|10 bettors
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|-
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|style="text-align:center"|B
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|5 bettors
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|-
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|style="text-align:center"|C
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|3 bettors
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|-
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|style="text-align:center"|D
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|2 bettors
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|-
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|style="text-align:center"|E
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|1 bettor
 +
|}
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 +
===Results===

2022年11月6日 (日) 23:26時点における版

Definition of Odds in statistics

[math]\displaystyle{ Odds=\frac{probability\ that\ the\ outcome\ occurs}{probability\ that\ the\ outcome\ does\ not\ occur} }[/math]

Example of a horse rase

Assumption

In order to simplify, the bookmaker in the following scenario does not charge any betting fees

A race that 5 horses start and 10 bettors bet

Here is a horse race that 5 horses start and 20 people — 20 bettors — bet each of 5 horses.

Names of horses are A, B, C, D and E.

Horses
A
B
C
D
E

Each bettor bets $1 for one horse. All bet money are pooled ($20 pooled in total) and will be redistributed for bettors who bet a winning horse.

Now each all bettors bet as following:

Horses Bettors
A 10 bettors
B 5 bettors
C 3 bettors
D 2 bettors
E 1 bettor

Results