Jai-Alai Question of the Week


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Re(1): #526 - How do you compute average payoffs?

Posted on April 30, 2014 at 11:29:28 AM by alq

What are you using the 'average payoff' to do? The 'average payoff' would only
be useful for a given quinella or trifecta combination since each has a different
probability of occurring. Also the median would be a much better statistical 'average'
to use since payoffs are significantly impacted by 'outliers'. Also the credibility
of the sample data must be statically significant.

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