edge_calc: Calculate Edge

In papagorgio23/bettoR: Sports Betting Tools

Calculate Edge

Description

This function will calculate the edge of a given bet based on your predicted win probability of the bet and the bet's odds.

Usage

edge_calc(win_prob, odds, type = "us")

Arguments

win_prob	Your predicted probability for winning the bet (0-1)
odds	The odds for the given bet
type	Type of odds. Possible values are: us, American Odds dec, Decimal Odds frac, Fractional Odds

Value

edge The edge that you have for the given bet.

Examples

edge_calc(0.75, -175, type = "us")
edge_calc(0.75, 1.2855, type = "dec")
edge_calc(0.75, 3/7, type = "frac")
edge_calc(
  win_prob = c(0.6, 0.7, 0.52, 0.6),
  odds = c(-110, -150, 140, 150),
  type = "us"
)

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