pokerface
ASFN Addict
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- May 20, 2004
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I'm no math whiz but I crunched the numbers a different way to show why fourth best record is the best place to be in and ALSO to show a lessor known fact that third worst record is better than fifth worst record.
3rd worst record
odds getting #1, #2 or #3 are 46.9%
odds getting #4 or #5 are 49.1%
odds getting #6 are 4.0%
4th worst record
odds getting #1, #2 or #3 are 37.8%
odds getting #4 or #5 are 60.9%
odds getting #6 are 1.2%
5th worst record
odds getting #1, #2 or #3 are 29.1%
odds getting #4 are 0.0%
odds getting #5, #6 or #7 are 70.6%
So what does this all mean?
Well with the 4th worst record we have a 62% chance of cashing in on that pick....and the picks are real good at the #4 and #5 spots. So we have a better than even chance of getting great picks.
The 3rd worst record isnt so bad because we still have a 53% chance of collecting on the pick....plus if we collect the picks are in a very good range of 4-6 (49% chance of getting #4 or #5). If we have to gamble thats not such a bad place to be in.
Now the 5th worst record I have a problem with. True there is only a 29% chance of cracking the top three with it but the odds arn't so small that it can be discounted. We have ZERO chance of getting the 4th pick which really blows. There is a 62% chance of getting the #5 or #6 which I guess is the safer but not so glamorous road to travel on. Then there is a 8% chance of getting #7 which is not so small it cant be discounted.
I just think by taking on a little additional risk the rewards are so much greater with the 3rd worst record than the 5th worst record. 4th worst record is best of both worlds IMO.
3rd worst record
odds getting #1, #2 or #3 are 46.9%
odds getting #4 or #5 are 49.1%
odds getting #6 are 4.0%
4th worst record
odds getting #1, #2 or #3 are 37.8%
odds getting #4 or #5 are 60.9%
odds getting #6 are 1.2%
5th worst record
odds getting #1, #2 or #3 are 29.1%
odds getting #4 are 0.0%
odds getting #5, #6 or #7 are 70.6%
So what does this all mean?
Well with the 4th worst record we have a 62% chance of cashing in on that pick....and the picks are real good at the #4 and #5 spots. So we have a better than even chance of getting great picks.
The 3rd worst record isnt so bad because we still have a 53% chance of collecting on the pick....plus if we collect the picks are in a very good range of 4-6 (49% chance of getting #4 or #5). If we have to gamble thats not such a bad place to be in.
Now the 5th worst record I have a problem with. True there is only a 29% chance of cracking the top three with it but the odds arn't so small that it can be discounted. We have ZERO chance of getting the 4th pick which really blows. There is a 62% chance of getting the #5 or #6 which I guess is the safer but not so glamorous road to travel on. Then there is a 8% chance of getting #7 which is not so small it cant be discounted.
I just think by taking on a little additional risk the rewards are so much greater with the 3rd worst record than the 5th worst record. 4th worst record is best of both worlds IMO.