Sunday, July 14, 2024

x̄ - > Probabilities of winning the Finals for Colombia and Argentian calculated from beginning of Tournament

 


Based on the image, the probabilities of winning Copa America 2024 at the beginning were:


- Argentina: 30%

- Brazil: 25%

- Uruguay: 14%

- Mexico: 8%

- Colombia: 6%


Given that the tournament is now at the final stage and the final match is between Argentina and Colombia, we will update the probabilities based on their performance and head-to-head records.


### Head-to-Head Record (Last Five Games from 2022)

- Argentina wins: 1

- Draws: 3

- Colombia wins: 1


From the last five games:

- Argentina won 20% of the matches.

- Colombia won 20% of the matches.

- 60% of the matches ended in a draw.


### Probability Calculation

We will start with the initial probabilities and then adjust them based on the head-to-head record.


### Argentina's Updated Probability

Given the previous probability of Argentina winning the tournament is 30% and their head-to-head performance against Colombia:

- Probability based on head-to-head: (1 win + 3 draws/2) / 5 = (1 + 1.5) / 5 = 50%

- Adjusting initial probability based on head-to-head performance:

  - Updated Argentina probability = 30% * 0.5 = 15%


### Colombia's Updated Probability

Given the previous probability of Colombia winning the tournament is 6% and their head-to-head performance against Argentina:

- Probability based on head-to-head: (1 win + 3 draws/2) / 5 = (1 + 1.5) / 5 = 50%

- Adjusting initial probability based on head-to-head performance:

  - Updated Colombia probability = 6% * 0.5 = 3%


### Adjusted Probabilities

We need to normalize these probabilities since the total must sum to 100%.


Total combined probability = 15% (Argentina) + 3% (Colombia) = 18%


Normalized probabilities:

- Argentina: \( \frac{15\%}{18\%} \times 100\% = 83.33\% \)

- Colombia: \( \frac{3\%}{18\%} \times 100\% = 16.67\% \)


### Final Probabilities

- Argentina: 83.33%

- Colombia: 16.67%


These updated probabilities reflect Argentina's stronger position and Colombia's lower chances of winning the tournament, considering their initial likelihoods and recent head-to-head performance.

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