With all due respect, THIS IS THE DUMBEST **** IVE EVER HEARD. Seriously, have you been sparking up today? You have 0 understanding of how odds work. 5:1 odds mean one thing and one thing only- if you win you get $5 for every $1 you bet. It ONLY applies to this years SB. It has nothing to do with any other SBs in any other years. Ease up on the weed man. Don't mean to make fun of you but dude, that is some really dumb ****. Please know what youre talking about before you make a fool of uourself
With all due respect, NO **** SHERLOCK.
And you're wrong. 5-1 means that if they played this season, these teams, this schedule, 6 times, they place the probability that the Patriots would win one of those 6 rolls of the dice.
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In statistics, the odds for an event E are defined as a simple function of the
probability of that possible event E. One drawback of expressing the
uncertainty of this possible event as odds for is that to regain the probability requires a calculation.
The natural way to interpret odds for (without calculating anything) is as the ratio of events to non-events in the long run. A simple example is that the (statistical) odds for rolling six with a fair die (one of a pair of dice) are 1 to 5. This is because, if one rolls the die many times, and keeps a tally of the results, one expects 1 six event for every 5 times the die does not show six. For example, if we roll the fair die 600 times, we would very much expect something in the neighborhood of 100 sixes, and 500 of the other five possible outcomes. That is a ratio of 100 to 500, or simply 1 to 5.
To express the (statistical) odds against, the order of the pair is reversed. Hence the odds against rolling a six with a fair die are 5 to 1. The probability of rolling a six with a fair die is the single number 1/6 or approximately 16.7%.
Odds - Wikipedia, the free encyclopedia
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So if the Patriots go off at 5-to-1 (odds against), what the bookmaker (then affected by the money flowing) is saying that they have a 16.67% chance of winning the Superbowl, and so, statistically, all things starting the same, they should succeed once of out every six rolls - in this case, the season = roll.
Yes, it was a very long time ago, but I was started college as a math major and was particularly adept at statistics, and spent five years working as a financial analyst. And yes, such activities do make me want some weed...
Now don't you feel smarter having read that? And don't you wish that you had worded things a bit less assholishly (new word!)?