22nd March 2011, 09:35 PM
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Member
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Join Date: Sep 2005
Posts: 1,601
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Quote:
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Originally Posted by Dale
My concern was someone taking a small sample of what later turned out to be a winning method would show it as a high chance probabilty,dont doubt the usefulness of it just the effect an early application of it could have on the confidence of the user.
Like everything,the more data the better.
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Dale,
I see what your saying and fully agree. Its an analysis tool and it requires data to be useful. Without enough data it will always bias towards chance playing a larger role then it should. Also if you input biased data into the calculation you end up with it leaning towards having an edge when realistically its the biased data influencing the results.
As always bad data in means bad data out.
I would query anyone on why they are betting (professionally) without enough selections for a proper analysis though. This is a mistake 99% of punters make. |