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Cube error rates

Posted By: Gregg Cattanach
Date: Thursday, 23 July 2009, at 12:27 p.m.

In Response To: Cube error rates (Fabrice Liardet)

Snowie does (I think) "A's total equity loss was 30% MWC, B's was 15% MWC, hence B was a 65-35 favourite".

This is how Snowie calculates this. MWC/A - MWC/B + 50 = 'favorite'.

In your example is it more accurate to say that "A was a 15% favorite"? I don't know, but that seems to be the the other way to report this.

Obviously, with Snowie's method, you can have more than 100% favorite if A gives up more than 50% compared to B. Right or wrong, greater than 100% is not some 'calculation error', it is just the results of that formula.

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