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Founder's Blog

“And I’ve seen triples”

Triple;baseball;MLB

IStock Photo 1707480 © RBFried

In developing the Book of Odds, our researchers meet weekly to review their work with each other. We often have visitors. On this day our visitor was a college student, the daughter of a close friend. The presentations she saw were really varied: one researcher had just completed work on the odds associated with contraception, another one had compiled the odds on baseball.

The odds of a woman becoming pregnant after relying on one form or other of contraception were displayed. Starting with the population of women in 2002 who were of child-bearing years (15 - 44), the presentation identified the odds that one of these women was sexually active, the odds that she relied on condoms for contraception, and the odds that she would stop relying on condoms because she was pregnant. Each step of this “thread” of probabilities (as we term such chains) had independent odds. When put together, the odds that a woman in that original group would end up having given up condoms because there was no longer any point—she had become pregnant despite the contraceptive measure—were 1 in 142.

Next came the baseball presentation, and as it happened, our visitor was a baseball fan. She seemed captivated as the Book of Odds baseball statistics were summarized. They were different from those she was used to on the sports pages. Instead of abstract measures such as Earned Run Average (ERA), something no one literally can see, or sophisticated inventions such as Bill James’ “Runs Created,” the perspective taken was that of a fan at the ballpark at the moment the pitcher is poised on the rubber. What will happen next on average, independent of who’s pitching and who’s batting? Viewed this way, the odds that the next batter will hit a triple are 1 in 144.

Later that day I received a call from my friend, the college student’s mother. Her daughter had returned home on a mission. She had immediately called her boyfriend, and her mother overheard her daughter’s part of the conversation. “She asked her boyfriend if he knew the odds of a couple conceiving a child if they were relying solely on condoms,” my friend said. “She informed him that the odds were 1 in 142.

“Then she asked if he knew the odds of the next batter in a Major League game hitting a triple. Again, he didn’t seem to know.

“‘It’s 1 in 144,’ she told him. And then she added emphatically, ‘And you know what? I’ve seen triples.’”

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Amram Shapiro

President and Founder

Amram Shapiro

Why Book of Odds? "Book of Odds began with a simple question: Why are we able to get information about so many subjects so easily, yet not about the most vital and interesting subject—the probabilities of everyday life? Answering this question became my mission and the business idea that followed met the criteria I had set for myself when I looked for the next thing to do in my life: it is worthwhile, meaningful and has a reason to exist long after my lifetime."

Favorite Quote -

"Chance favors the prepared mind." - Louis Pasteur and a biased sample of world-class scientists

"The more I practice, the luckier I get." - Gene Sarazen and a biased sample of world-class athletes

As Founder and President of Book of Odds, Amram Shapiro, has seen Book of Odds from its birth in 2006, through its three-year development phase, to its launch in October 2009, to its present growth and redesign phase. Amram is responsible for setting strategic direction at Book of Odds and building strategic relationships with other organizations interested in the Book of Odds mission.

Prior to Book of Odds, Amram served as Director at Arthur D Little (ADL) and at Pittiglio, Rabin, Todd & McGrath (PRTM). At ADL he led the Strategic Management of Technology practice and developed the strategies of large, successful startups such as FlightSafety International. As part of PRTM’s management team, he helped grow a $20 million regional firm into a global firm with revenues over $250 million. As practice leader for PACE, he built it into the premier new product development consulting offering around the globe. He developed the PRTM benchmarking organization and helped launch the Asian Region. He was co-author of the ground-breaking "Product Development, Success through Product And Cycle-time Excellence" (Butterworth-Heinemann, 1992). He has also contributed to numerous journals including PRTM’s Insight, Research Technology Management and CFO.

Amram graduated magna cum laude with a Bachelor of Arts degree from Columbia College and has received his Masters of Business Administration degree from the Harvard University Graduate School of Business Administration.

Favorite Odds Statement: The odds an adult has ever eaten cold pizza for breakfast are 1 in 2.56 (US, 5/2005).

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