Freakonomics
Posted: Wed May 28, 2014 10:28 am
On my recent trip to Vegas, I purchased a book for some light reading during the flight titled think like a freak. This is the study of freakonomics thinking and not freak on this site..
This style of thinking shows us why 99.9% of humans take the safest route in anything and anything they do. Not because it is the safest route but because if they chose the unusual route and fail, the would become the laughing stock of the community. They ignore the rewards / results if they succeed.
To quote the author, Imagine you are about to take a penalty kick in soccer that could bring your team to a world cup win. Statistics show that 51% of the shots are taken to the left, 47% to the right and only 2% to the middle. The same statistics / numbers are given to the goalie's movement after the kick. (51% to the right, 47% to the left and 2% stand still).
Consider this the author says, if the odds on the goal keeper to stay in the middle is only 2% then why are most of the shots taken to the left or the right? The study shows that kicker chooses to go left / right for fear of humiliation if the shot goes in the middle and the goal keeper hand grabs it.
So what does that have to do with Craps? well a lot actually. This book encouraged me to think like a freak and act when certain patterns occurred. I will not go into details but I felt I should mention this on the forum for those who are tracking numbers at the tables and watching certain patterns, this would be helpful to them.
Google the study and see if it will work for you.
This style of thinking shows us why 99.9% of humans take the safest route in anything and anything they do. Not because it is the safest route but because if they chose the unusual route and fail, the would become the laughing stock of the community. They ignore the rewards / results if they succeed.
To quote the author, Imagine you are about to take a penalty kick in soccer that could bring your team to a world cup win. Statistics show that 51% of the shots are taken to the left, 47% to the right and only 2% to the middle. The same statistics / numbers are given to the goalie's movement after the kick. (51% to the right, 47% to the left and 2% stand still).
Consider this the author says, if the odds on the goal keeper to stay in the middle is only 2% then why are most of the shots taken to the left or the right? The study shows that kicker chooses to go left / right for fear of humiliation if the shot goes in the middle and the goal keeper hand grabs it.
So what does that have to do with Craps? well a lot actually. This book encouraged me to think like a freak and act when certain patterns occurred. I will not go into details but I felt I should mention this on the forum for those who are tracking numbers at the tables and watching certain patterns, this would be helpful to them.
Google the study and see if it will work for you.