bet_prob: Bet Probability

In papagorgio23/bettoR: Sports Betting Tools

Bet Probability

Description

This function returns the win, loss, and push probabilities of a given bet based on the current line and your predicted line.

Usage

bet_prob(pred_spread, spread, sport = "NBA")

Arguments

pred_spread	Predicted spread for the team you want to bet on
spread	Spread for the team that you want to bet on (-3.5, -7, 4, 2.5)
sport	Sport/League of the teams being bet on. Possible values are: NBA, National Basketball Association NCAAB, College Basketball NFL, National Football League NCAAF, College Football

Value

probs Plot of the simulation as well as the percentage of simulations that were positive and negative.

References

Stern, Hal. "The Probability of Winning a Football Game as a function of the Pointspread." The American Statistician 45, no. 3 (1991): 179-83. Accessed July 18, 2020. doi:10.2307/2684286. https://statistics.stanford.edu/sites/g/files/sbiybj6031/f/COV%20NSF%2059.pdf

Stern, Hal. "On the Probability of Winning a Football Game." The American Statistician 45, no. 3 (1991): 179-83. Accessed July 18, 2020. doi:10.2307/2684286. https://www-jstor-org.turing.library.northwestern.edu/stable/2684286

Winston, Wayne L. "From Point Ratings to Probabilities." In Mathletics: How Gamblers, Managers, and Sports Enthusiasts Use Mathematics in Baseball, Basketball, and Football, 290-97. PRINCETON; OXFORD: Princeton University Press, 2009. Accessed July 18, 2020. doi:10.2307/j.ctt7sj9q.48.

Examples

bet_prob(-9, -3.5, sport = "NFL")
bet_prob(-7, -3, sport = "NBA")
bet_prob(21, 10.5, sport = "NCAAF")
bet_prob(-3, 5, sport = "NCAAB")

papagorgio23/bettoR documentation built on May 24, 2023, 5:01 a.m.