Xatticus wrote:Bensational wrote:And if Cade is the undisputed #1 pick then we’ve only decreased our odds by 4.3% in our drop down, from 15% to 9.7%. Stock markets aren’t built on an 85% chance of failure, gambling addictions are.
Our odds haven't decreased by 4.3% in this case. They have decreased by 30%. 4.2 is a huge chunk out of 14. Let me put it in terms one can personalize... suppose you have a job that pays you $50,000 per year, but management comes to you and tells you that they are slashing your salary to $35,000. This is what has happened to our odds. These numbers are changing by the day due to the results of games, but the idea is fairly straightforward. If we end up 6th, then our odds of winning the lottery will have declined by 36% from what they were when we had the 2nd-best odds.
What you are arguing is that this change is negligible when compared to the total amount of salary paid out to employees. One could take your argument further. If we make the playoffs, we only damage our odds of winning the Cade Cunningham sweepstakes by 14%! In reality, our odds of winning the lottery would have declined by 100%. We would have no chance of winning the lottery.
Right right I see what your saying. It’s just a very exaggerated way of looking at our odds because you’re looking at the percentage of a percentage. Whilst to us it’s a 30% decrease in chances, it’s still a lottery and that decrease is only worth 4-5%
overall. Same way if the Spurs somehow jumped from having a 1% chance to a 14% chance they’ve improved by 140% - which sounds impressive until you realise they still only have a 14% chance to win.
A lot of people keep talking like the standings are a hard reflection of the end results. Would you put a thousand dollar bet down that Houston wins the lottery? They’ve got 30% better chances than us, must be a sure thing right?