NRL Fantasy 2021 Part 43 - I met up with the Gambler

Chewie wrote:Thanks for the feedback lads.
And yes every team needs at least one knob...and an enforcer... and a guy that never shuts up and tells everyone what to do

easytiger wrote:

What about every fantasy forum?

Chewie wrote:Thanks for the feedback lads.
And yes every team needs at least one knob...and an enforcer... and a guy that never shuts up and tells everyone what to do

Chewie wrote:And a few accountants

Rippin and Tearin wrote:

FaringdonSwirl wrote:



Would be interested in the math if you can be bothered

Yes, of course. The gist of it is pretty simple. The detail can get a little complicated.

First, the math assumes that each of the five outcomes are 50-50, and that each are independent. Both these assumptions can be argued, but generally fair to assume both I reckon.

Then, in terms of figuring out what cut the house (draft stars) is taking:

For the option where you need to pick 5 out of 5, that is a one in 2x2x2x2x2 = 32 chance. This means that of 32 different people each take one combination (and all combinations are taken), one will get it correct.

So 32 people pay $20 = $640 but draft stars only pays out $400. So their cut is $240 profit out of $640 invested = 240/640 = 37.5%

For the option where you need to get 3/5 (or more) correct, the math is a little more complicated. Its based on something called a Bernoulli trial. A Bernoulli trial is a random experiment with two outcomes, success and failure, where the probability of success is the same every time.

This online calculator https://planetcalc.com/7044/ allows you to calculate the probability of k success outcomes in n Bernoulli trials with given success event probability.

In short though, out of the 32 potential outcomes from the 5 options, 50% of them reflect 3 or more successes. I.e. if you randomly chose 5 guys in the draftstars comp, you will get 3/5 (or more right) on average.

So, if 2 people pay $20 = $40 draft starts will pay out on average $1.8 *20 = $36, So their cut is $4 profit out of $40 = 10%

Hopefully that is explained well enough...?

Edit: Its actually calculating the probability of k successes where the math gets a little intense (but still very much learnable)

P(k)={n \choose k}p^{k}q^{n-k}

see https://en.wikipedia.org/wiki/Bernoulli_trial

Milchcow wrote:
Tigers are the beneficiaries this time, but I'm surprised NRL allowed Cini to come in from outside the 21 man squad with Chee-Kam named on the extended bench.

Teams seem to have had more justifiable requests turned down in the past.

Milchcow wrote:
Tigers are the beneficiaries this time, but I'm surprised NRL allowed Cini to come in from outside the 21 man squad with Chee-Kam named on the extended bench.

Teams seem to have had more justifiable requests turned down in the past.

standard-issue wrote:


I can lift heavy things.

Chewie wrote:And a couple softcocks

Kane wrote:

Milchcow wrote:
Tigers are the beneficiaries this time, but I'm surprised NRL allowed Cini to come in from outside the 21 man squad with Chee-Kam named on the extended bench.

Teams seem to have had more justifiable requests turned down in the past.

I just came on to ask this question. Good for them it was approved but im very surprised they were allowed to since Mbye and Chee-Kam both have played centre for them this year and in the 21

Milchcow wrote:

standard-issue wrote:


I can lift heavy things.

This is a metaphor for SI doing all the backend work on mtb's site to make sure everything runs smoothly

standard-issue wrote:

Milchcow wrote:

standard-issue wrote:


I can lift heavy things.

This is a metaphor for SI doing all the backend work on mtb's site to make sure everything runs smoothly

Recognised!

MTB is the singing guitarist who gets all the Fantasy groupies; I’m the drummer driving things with my big kit out the back.

sajjos wrote:@multiple.scoregasms You ended up playing Reimis ?