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Calculate Edge

Source: R/edge_calc.R
edge_calc.Rd

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")
#> [1] 0.1136364
edge_calc(0.75, 1.2855, type = "dec")
#> [1] -0.02790743
edge_calc(0.75, 3/7, type = "frac")
#> [1] 0.05
edge_calc(
  win_prob = c(0.6, 0.7, 0.52, 0.6),
  odds = c(-110, -150, 140, 150),
  type = "us"
)
#> [1] 0.07619048 0.10000000 0.10333333 0.20000000