Aerospace Cubicle Engineer (ACE)
OOOHHH! It's "for BETTING purposes"...I just track the different power rankings so I can look back at the end of the year and see where we went wrong. Each power ranking system is different. The one above is used for betting. In the past couple weeks I used the ESPN power rankings.
This last one is for betting, and Vegas is usually right. The last two were ESPN’s predictive model. Nothing really changed with the ESPN power rankings this week.OOOHHH! It's "for BETTING purposes"...
That changes EVERYTHING: "Betting" ratings have little DIRECT relationship with who is ACTUALLY "better", but rather of course whatever it TAKES to attract bettors' money to the urgently LESS-favored competitor. The idea is to get the two "sides" (the amounts of money attracted to each prospective team in a given contest) as close to "even" as possible, in order to maximize the HOUSE'S guaranteed profit (the "house", or "book", can only come out "short" on a given contest if there is a lop-sided favorite who WINS).
Now I see that whether I understand or agree with said "rating" is irrelevant; only seeing its INTENT is important (or even fathomable, really, when a is said and done).
Sort of. The betting ranking make it easier to bet on points. In this example Georgia is #1 and a bunch of other teams are #40, but the rating is what matters: 67 vs 40. Just subtract the two and give the home team 4 points and you get the line. You need other stats to determine the over/under, but only serious bettors and statisticians get into those numbers. On the other hand, the ESPN power rankings use a proprietary formula to rank the teams as a way to draw more views. The ESPN then uses FPI to predict the final ranking, among other things. The difference between both of those polls is that they really do not care about the results from last week or last year, which is the case with AP and Coach’s polls.I have always been fascinated by the way such processes, by which an INDIRECTLY arrived-at number designed merely to attract bettors to one side or another of a "currently unbalanced betting line" turns out, at its closing point, to BE "usually right". Interesting to contemplate the actual forces at WORK there...
Fun fact: I study quantum physics.(laughing)
Have you read/contemplated implications of "Quantum Theory" in all of this? It reminds me a bit of THAT--where seemingly "impossible-to-logically/physically-link" two separate "realities" or events nonetheless ARE somehow seemingly entangled in some obscure "cause-and-effect" relationship. The calculation of "probabilities" is among the most confusingly difficult of mathematics (at least so I have found) to apprehend to BEGIN with. So much of it is counter-intuitive!
And where does "the OBSERVER" stand in relation to "the OUTCOME" or "conclusion"?
What part does "uncertainty" (not to mention "SCHRODINGER", for cryin' out loud?!!) play in all of this?
Sorry--that's why it is probably best not to venture DOWN this "Black Hole"...(Also, by the way, along with "illogical", not to mention costly outcomes, that I stopped GAMBLING!). LoL
...and here I was thinking maybe I had "stepped out of line" by going there--jokes and all.Fun fact: I study quantum physics.