calc_advantage: Calculate Advantage
In neilcuz/panenkar: Panenkar

Description Usage Arguments Details Value Examples

Calculate the percentage advantage for a given bet

1	calc_advantage(probs, odds)

`probs`	true / estimated probabilities
`odds`	odds on offer at the bookmaker

Advantage is equal to expected profit

the advantage as a percentage

 modelled_probs <- 0.5
 bookmakers_odds <- 2.1

calc_advantage(modelled_probs, bookmakers_odds)

# Alternatively you could measure your tipped odds against closing odds

pinnacle_closing_odds <- 2.05

calc_advantage(1 / bookmakers_odds, pinnacle_closing_odds)