dfan wrote:There is no particular reason that winning percentages have to be related in this exact mathematical way.
For example, Alice, Bob and Carol all play the classic game "Whose random number is bigger?". Alice is a beginner and picks integers from 1 to 100 uniformly at random. Bob is more experienced and picks integers from 51 to 150 uniformly at random. Carol is an expert and picks integers from 101 to 200 uniformly at random (she's very good at this game, though you can probably imagine even better strategies).
How often does Bob beat Alice? How often does Carol beat Bob? How often does Carol beat Alice?
Bob beats Alice ⅞ of the time, with at win/loss ratio of 7/1. Carol beats Bob ⅞ of the time, with at win/loss ratio of 7/1. Carol always beats Alice. If we estimate Carol's win/loss ratio as (7/1) (7/1) = 49/1, OC, the win/loss ratio is off by infinity. However, the winning percentage is off by only 2%.