implied_odds | R Documentation |

This functions converts probabilities to odds in decimal format, while adding overround.
The function does the inverse of what the function `implied_probabilities`

does.

implied_odds( probabilities, method = "basic", margin = 0, grossmargin = NULL, normalize = TRUE )

`probabilities` |
A matrix or numeric of probabilities, where each column is an outcome. |

`method` |
A string giving the method to use. Valid methods are 'basic', 'shin', 'bb', 'wpo', 'or', 'power' or 'additive'. |

`margin` |
numeric. How large margin (aka overround) should be added to the probabilities. |

`grossmargin` |
Numeric. Must be 0 or greater. See the details. |

`normalize` |
Logical. If TRUE (default), scale the input probabilites to sum to 1. |

A named list. The first component is named 'odds' and contain a matrix of implied odds. The second depends on the method used to compute the probabilities.

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