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The odds of the favorite losing 8 times in a 12-fight card, given that the favorite wins ~63% of the time, is approximately 0.0274, or about 2.74% #ufc297 set history for a UFC event with 8 dogs #UFC247 was 5-7 #ufc226 was 3-7 #ufc215 was 4-7 #mathbabble If you went 6-6 tonight, you were top 5% only 2 UFC fight night cards were worse. The worse was UFC Fight Night - Mir vs. Bigfoot Porto Alegre, Brazil; 22nd Feb 2015 Favourite wins: 1 Underdog wins: 10
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There are plenty of reasons not to like Black-Scholes, but Elon's mathbabble is just stupid. Here's a good one from @traderjrae @megadave5000, with ht @VlanciPictures b/c I know he has also weighed in previously:

Problems with Black Scholes model
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