This function calculates the fair odds for a bet.
Usage
true_probability(line = -110, odds = c(-110, -110), type = "us")
Arguments
- line
Line for the specific bet (-115)
- odds
Vector with all lines for a wager (-115, -105)
- type
Type of odds. Possible values are:
us, American Odds
dec, Decimal Odds
frac, Fractional Odds
Value
True Expected probability of bet
Examples
true_probability(1.8, c(1.8, 2.1), type = "dec")
#> [1] 0.5384615
true_probability(-115, c(-115, -105))
#> [1] 0.5108342
true_probability(258, c(285, -122, 258))
#> [1] 0.2565907
true_probability(line = -100, odds = c(-100, -120))
#> [1] 0.4782609