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Understanding the Statistical Advantage of DraftKings' Ghost Leg Parlay Special
Project
Understanding the Statistical Advantage of DraftKings' Ghost Leg Parlay Special
Source
DraftKings
Objective
Calculate and compare the a) probability of success and b) expected profit for regular parlays and limited time Ghost Leg parlays. Understand the statistical advantage of the Ghost Leg and how you can craft a Ghost Leg parlay that maximizes value while aligning with your desired risk tolerance.