Monday, August 07, 2006

We are stupid

A post below by Maverick made us reevaluate our odds line. The math was way off. Go figure, we were government majors.

Mathematically if you have a 10% chance to win your odds are 9/1. The basic formula is as follows. (100/Percent chance)-1= x/1. or 9-1 (see George Allen). Or(100/Percent)/Percent=X/1 Same thing. If you don't understand that, email your 8th grade pre-algebra teacher.

The line has been adjusted accordingly. And the description has been changed to reflect our newfound mathematical accuracy. We've also added a field bet, coming in at 8% or 25/2. The field represents anybody besides the listed candidates.

You learned something today readers. Off to Vegas!

Thanks to Mav for pointing out our mistake.

3 Comments:

Anonymous jim ross nussle said...

You guys must be Nussle staffers because he can't do math either. See "federal deficit"

11:59 AM  
Blogger Maverick said...

JRN:

You must be a dork Democrat.

1. You only attack, without any anything positive to say.

2. And you never give credit where credit is due for owning up to a mistake.

Thanks CC staff for resetting the odds. I guess I'm the poster boy for "there are no dumb questions." Thank goodness, cause I ask a lot of seemingly dumb questions...

12:32 PM  
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6:00 AM  

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  • The Cooler Line

    Mike Huckabee 10-9
    Mitt Romney 3-1
    Fred Thompson 9-1
    John McCain 9-1
    Rudy Giuliani 12-1
    Ron Paul 12-1
    Duncan Hunter 98-1
    The Cooler line is an exclusive creation of Caucus Cooler and will be updated as the political environment changes.
    It is an unscientific assessment of the Iowa Caucus (not the Presidential race as a whole) from an insiders view at the given time. The line IS NOW mathematically accurate but is NOT intended for gambling purposes. Information may only be reproduced with credit to the Caucus Cooler.