MisterAl wrote:
lathebault wrote:
Chance of a trainwreck offer, 30% which is incredibly low.
But your analysis shows that there was only a 40% chance of the offer increasing after the following round. If you class a 30% chance as 'incredibly low', then I'm guessing a 40% chance is still regarded as 'low' in your eyes, yes? And with only a low chance of an increase, your analysis is clearly suggesting a Deal to be the right course of action.
Not at all. I said a numerous amount of times that there was a 70% chance of a
minimum of £15,000 (give or take) if the player carried on and then within that, a 40% chance of the offer being
significantly higher than £20,000.
My basis was that it was well worth the punt with the 70% chance of 5 figures and more, and a not so likely 40% chance of a significant increase (£50,000 and beyond) but that chance of significant increase being higher than the 30% chance of significant decrease.
The only significant loss would have been through the 30% chance of a blue finish. So if we count the £15,000 offers on 50k finishes as near sticks, that's pretty much a 30% chance of a lower offer and a 70% chance of sticking or bettering your last offer. Which is why it was worth carrying on.