Spiky betting odds during LeBron James decision

LeBron James decided to head back to Cleveland, so naturally the odds that they win the championship went up. Todd Schneider charted the betting odds as the announcement happened to see how much they went up.

Of course that 10% already had built in some likelihood that James would choose to play for the Cavaliers next season. Before Cleveland was considered a threat to land LeBron, their championship odds were around 2%, so the 10% Cleveland odds immediately before LeBron’s decision perhaps reflected market expectations that LeBron had a 50% chance of choosing Cleveland: 0.5 * 0.18 + 0.5 * 0.02 = 0.1

Houston, who was expected to pick up Chris Bosh if James went to Cleveland, also saw a spike during the announcement, but the odds quickly came back down once Bosh decided to re-sign with Miami.

Favorites

Graphical perception – learn the fundamentals first

Before you dive into the advanced stuff – like just about everything in your life – you have to learn the fundamentals before you know when you can break the rules.

How We Spend Our Money, a Breakdown

We know spending changes when you have more money. Here’s by how much.

A Day in the Life of Americans

I wanted to see how daily patterns emerge at the individual level and how a person’s entire day plays out. So I simulated 1,000 of them.

Who is Older and Younger than You

Here’s a chart to show you how long you have until you start to feel your age.