Posts Tagged ‘gambling’

NCAA Expands March Madness to 4096 teams

March 10, 2009

Now that’s some serious madness.

From the Bureau of Made-Up Statistics: Fantasy Football to cost employers $9.2 Billion this fall.

August 21, 2008

In grad school, I had classes in Statistics, Data Analysis, and Research Methodology. The study below is a classic example of bad research. (Emphasis mine)

“CHICAGO, Aug. 18 (UPI) — Fantasy football will cost U.S. employers $9.2 billion in lost work time this season, a private research group said. (Big scary conclusion to get you reading)

Business researchers Challenger, Gray & Christmas said Monday the 17-week National Football League schedule will subtract 1.19 hours of productivity per week from about 17 million Americans who participate.

Using salaries information supplied by the Fantasy Sports Association, the average fantasy footballer earns $80,000 per year with 70 percent of the participants earning between $50,000 and $149,000. (Faulty data source as well as totally exaggerated income statistics. Do you really think 7 out of 10 fantasy football players earn between $50 and 150k/yr? Maybe I only know poor people…)

That amounts to an average loss of $45.22 per week per player, Challenger, Gray & Christmas said. (This figure is accurate, given their faulty source data)

“Most employers understand that not every minute of the day is dedicated to work. In fact, in today’s 24-7 global economy, it is likely that work bleeds into our personal lives,” said Chief Executive Officer John Challenger.

Clearly, 17 million workers sacked is unlikely, but Challenger advocated for leaving well enough alone.

“Managers should only crack down on those whose work is clearly suffering from the added distraction. An across-the-board ban on all fantasy football or sports Web sites could backfire in the form of reduced morale and loyalty,” he said. (Ok, this part they got right. Increased productivity would likely hurt my fantasy team and then I’d be in a pissy mood even more often and might take 2 donuts from the breakroom on Fridays instead of 1, and then everyone would be annoyed. Like I need an extra donut….but damn I love fantasy football. If only I wasn’t terrible at it. Did I mention I love donuts?) From UPI

Now, to bolster your shot at winning this year, make sure to have a guy like the one in the video on your team. Championship!

NBA facing a steroids-like controversy follows baseball’s playbook: Deny, Deny, Deny

June 11, 2008

The idea that the NBA leadership is complicit in, and perhaps encourages, fixing games continues to gain steam. Ck. out the quote from a good story on ESPN regarding the very controversial Game 6 of the 2002 Western Conference Championship, often referred to as the worst officiated game in NBA history.

“Referees A, F and G were officiating a playoff series between Teams 5 and 6 in May of 2002. It was the sixth game of a seven-game series, and a Team 5 victory that night would have ended the series. However, Tim learned from Referee A that Referees A and F wanted to extend the series to seven games. Tim knew referees A and F to be “company men,” always acting in the interest of the NBA, and that night, it was in the NBA’s interest to add another game to the series. Referees A and F heavily favored Team 6. Personal fouls [resulting in obviously injured players] were ignored even when they occurred in full view of the referees. Conversely, the referees called made-up fouls on Team 5 in order to give additional free throw opportunities for Team 6. Their foul-calling also led to the ejection of two Team 5 players. The referees’ favoring of Team 6 led to that team’s victory that night, and Team 6 came back from behind to win that series.”

An informative, albeit melodramatic, video regarding the game fixing scandal surrounding Tim Donaghy, and NBA Commissioner David Stern’s repeated denials.

Donaghy was also involved in a playoff series in 2007 where the officiating was again heavily criticized, the San Antonio Spurs versus the Phoenix Suns.