true_implied_prob: True Implied Probability of Winning (American Odds)

In papagorgio23/bettoR: Sports Betting Tools

True Implied Probability of Winning (American Odds)

Description

This function provides the true implied win probability for a bet.

Usage

true_implied_prob(odds, type = "us")

Arguments

odds	American Odds of the bet
type	Type of odds. Possible values are: us, American Odds dec, Decimal Odds frac, Fractional Odds

Value

Implied probability of winning or the "Break Even" percentage

Examples

true_implied_prob(-150)
true_implied_prob(360)
true_implied_prob(c(360, -500, -110, 140))
true_implied_prob(c(3.60, 5.00, 1.10, 1.40), type = "dec")
true_implied_prob(c(5/2, 1/2, 7/1, 20/1, 10/11), type = "frac")

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