Submitted by adebar t3_z049lt in dataisbeautiful
adebar OP t1_ix4lzg2 wrote
Reply to comment by Derpthinkr in 2022 FIFA World Cup finishing position probability per team [OC] by adebar
Just to clarify where the probabilities come from: The probabilities are the implied probabilities from the betting markets for each of those events (p = 1 / odds). This is purely based on the quotes from the market and does not involve any modelling/forecasting.
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