expected_value: Expected Value
In papagorgio23/bettoR: Sports Betting Tools
View source: R/expected_value.R
expected_value R Documentation
Expected Value
Description
This function calculates the expected value for a given bet.
Usage
expected_value(payout, risk, win_prob)
Arguments
payout
The dollar amount won if the bet pays out (500)
risk
The dollar amount risked (550)
win_prob
The probability that the bet wins (0.54)
Value
Expected Value of a bet
Examples
expected_value(100, 110, 0.55)
expected_value(175, 100, 0.35)
papagorgio23/bettoR documentation built on May 24, 2023, 5:01 a.m.
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View source: R/expected_value.R
| expected_value | R Documentation |
Expected Value
Description
This function calculates the expected value for a given bet.
Usage
expected_value(payout, risk, win_prob)
Arguments
payout |
The dollar amount won if the bet pays out (500) |
risk |
The dollar amount risked (550) |
win_prob |
The probability that the bet wins (0.54) |
Value
Expected Value of a bet
Examples
expected_value(100, 110, 0.55)
expected_value(175, 100, 0.35)
R Package Documentation
Browse R Packages
We want your feedback!
Note that we can't provide technical support on individual packages. You should contact the package authors for that.
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