Eligible for Poisson?

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  • SparJMU
    SBR MVP
    • 02-18-10
    • 1648

    #1
    Eligible for Poisson?
    I am handicapping a prop on Christian Ponder completions. The line is set at 20.5 while I am predicting 23.5. Using a poisson calculator, I determine that this bet is likely to go over 20.5 completions 72.5% of the time. This converts to odds of Ponder Over 20.5 Completions -263.

    We could spend a lot of time debating how accurate my projection of 23.5 really is, but assuming 23.5 is the correct figure, is this Poisson calculation correct? I am struggling to understand the core requirements of whether or not a sample is eligible for a poisson calculation.
  • JPMcGavin
    SBR Rookie
    • 04-28-10
    • 4

    #2
    It's all pink in the middle bro.
    Comment
    • VLR100
      SBR High Roller
      • 01-10-10
      • 217

      #3
      The Poisson distribution works best when the number of trials is very high and the probability of success is very low ( ideally < .05, however the probability can be higher if the number of trials is high). I wouldn't use the Poisson Distribution to price this prop.
      Comment
      • buby74
        SBR Hustler
        • 06-08-10
        • 92

        #4
        Dont use poisson use a normal distribution or maybe binomial if you have an estimate of the number of pass attempts
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