Betting Odds Calculator Online 2020: Predict Your Profit

How to calculate betting odds for your league?

We have a 12 man league and one person wants to take season long bets on who will win the championship. Does anyone know how to calculate odds for this?
If every team had the same odds of winning, it'd be 11:1 odds correct? But that's obviously too simplified as we've already drafted, and now want to use Yahoo's Current W/L projections to create our own odds.
For example, if the favorite in the league has a projected regular season record of 11-2, what should his odds be set to? Conversely, there are two teams projected to go 3-10, so what would their odds be?
Are those odds then just for the regular season (meaning what teams would make the playoffs)? How do you adjust for playoff games then?
Any info or insight would be greatly appreciated!
submitted by DoublePar to fantasyfootball [link] [comments]

Chance Me for T10 Unis

I come from a low income family, half black half asian (uyghur descent), second generation immigrant. Parents divorced, both make around 20k each.
I take the IB program, predicted a 45/45
Subjects: Compsci HL, Math HL, Physics HL, Econ HL, Bahasa SL, English SL
SAT: 1600 (superscored, 1580 on first try) Essay score 23/24
SAT Physics 800, SAT Math II 800
ECs: Created a deep learning algorithm that calculates betting odds for NBA teams (bought by a local tech giant,) interned at tech startups as a developer, cofounded a charity organization that brings chromebooks and internet to schools in remote areas, international tennis player ranked in the top 1000, was school captain between 2018-2019
I've been writing my essay since last year.


I'm aiming to get into Stanford's anthropology program. Do you think I have a shot?
submitted by Gubith to chanceme [link] [comments]

Podcast on how betting companies like star sports calculate the odds for elections and politics! Specifically surprising successes of labour seats, and some surprising losses. As well as the similarities in covering sports and politics as a journalist...

Podcast on how betting companies like star sports calculate the odds for elections and politics! Specifically surprising successes of labour seats, and some surprising losses. As well as the similarities in covering sports and politics as a journalist... submitted by gangshitbruh to LabourUK [link] [comments]

IWTL how to calculate sports odds/create a sports betting model

So I have a background in programming and a little bit of mathematics. But I'm completely lost as to how people can calculate the spread of a game and the oveunder for the game. I want to learn how exactly to calculate this kind of stuff and where to learn to calculate this kind of stuff
submitted by ChimneyCraft to IWantToLearn [link] [comments]

Example from Theory of Poker - calculating effective odds. How can we assume three rounds of $20 bets? Does this not apply to NL then?

Example from Theory of Poker - calculating effective odds. How can we assume three rounds of $20 bets? Does this not apply to NL then? submitted by rapidfirerayray to poker [link] [comments]

Calculating pot odds and odds to call a river bet?

It's something that's always confused me.

Example 1:

I have J8 of hearts, in a HU pot.

The flop is K35 with two hearts.

Villain exposes AKo.

The pot is $50.

Where is the line to call vs. fold to an opponent bet?



Example 2:

On the river, we are facing a bet of $75 into a pot of $100.

How many times does he need to be bluffing to make it a profitable call?
submitted by igivefreetickles to poker [link] [comments]

Twitch chat bet odds calculator?

Hi there, not sure if i am in the right sub with this.
I tried looking for some addon or a program that i could use to basically add up numbers as they appear on screen. Specifically, in saltyteemo stream there are chat commands for betting fake currency, then bot answers, confirming the bet. what i am looking for is something that can be used to scan the chat during the 3 mins bets are open and whenever one of these appear: "Bet complete for RED, 500; Bet complete for BLUE, 4000" then take the amount and add it to the respective color total amount and show those two color total amounts in real time, as more bets are being placed.
Anyone knows of a way to make this happen?
submitted by RapistsNdDishwashers to AskTechnology [link] [comments]

Someone asked me if I could calculate the odds on live betting like a horse race.

Someone asked me about how horse races calculate the odds during live betting. I wasn't sure. You can look at how it works and the more someone bets on one horse, the lower the odds. It's such that the odds even out, no matter what the bets are.
Say you have 5 races and each start off with some odds for a payout. If someone bets 100 on #1 and others bet 10 on each of the others, how do you calculate the odds so that it always comes out even?
The odds are posted in real time as the bets are taken, so clearly there is a computer program that figures out how to determine the odds.
I understand that in a real horse race, they start out with odds based on many things. I'm simply looking for the math to calculate the odds based only on the bets and assuming the the results are random.
So you have an array of 5 slots and you simply pick at random, but you alter the odds based on the money that is bet on each one. You alter the odds so that the money comes out even. So if slot 1 has 2X the money of all the rest, it'll change the odds so that the outcome is the same.
I'm thinking that someone has done this before. I just can't seem to find any code to show this. The language doesn't matter, just looking for the math.
submitted by KarlJay001 to AskProgramming [link] [comments]

A spreadsheet to track bets on horse racing including a formula to calculate each way bets from fractional odds depending on the outcome of each race?

I’ve been looking online for a while now and keep running into walls. I’m after a spreadsheet that has the following columns:
A: Racecourse (eg Haydock, Aintree, Southwell) B: Time of race (eg 14:10, 15:50, 21:00) C: Horse (name of the horse I’ve bet on) D: Odds (fractional odds, eg 9/2, 4/1, etc.) E: Bet type (win or EW) F: proportion of the odds (if bet type is EW, this is usually ¼, sometimes 1/5. If bet type is win, it’s 1.) G: Stake (in points, eg 0.5, 1, 3) H: Actual staked amount (if bet type is win, copy the stake; if bet type is EW, double stake. Again, in pts) I: Outcome of race (win, place, pulled up, fell, non-runner etc.) J: Winnings (outcome from a combination of rows D, E, F, H and I.)
J is where I’m really struggling, because there are so many connotations and outcomes, beyond my spreadsheet knowledge. And, it turns out, beyond my knowledge of how each way betting works in terms of what you win if a horse comes 1st, 2nd or 3rd etc.
Hopefully someone here has a vast knowledge of Excel AND a wealthy knowledge of betting.
I’ve got this far: https://ufile.io/24uimr0w
Anyone fancy doing some excel wizardry, please?
Thank you very much.
submitted by huamanticacacaca to vba [link] [comments]

I’m after a fairly simple spreadsheet to track bets on horse racing, including a formula to calculate each way bets from fractional odds, depending on the outcome of each race.

I’ve been looking online for a while now and keep running into walls. I’m after a spreadsheet that has the following columns:
A: Racecourse (eg Haydock, Aintree, Southwell) B: Time of race (eg 14:10, 15:50, 21:00) C: Horse (name of the horse I’ve bet on) D: Odds (fractional odds, eg 9/2, 4/1, etc.) E: Bet type (win or EW) F: proportion of the odds (if bet type is EW, this is usually ¼, sometimes 1/5. If bet type is win, it’s 1.) G: Stake (in points, eg 0.5, 1, 3) H: Actual staked amount (if bet type is win, copy the stake; if bet type is EW, double stake. Again, in pts) I: Outcome of race (win, place, pulled up, fell, non-runner etc.) J: Winnings (outcome from a combination of rows D, E, F, H and I.)
J is where I’m really struggling, because there are so many connotations and outcomes, beyond my spreadsheet knowledge. And, it turns out, beyond my knowledge of how each way betting works in terms of what you win if a horse comes 1st, 2nd or 3rd etc.
Hopefully someone here has a vast knowledge of Excel AND a wealthy knowledge of betting.
I’ve got this far: https://ufile.io/24uimr0w
Anyone fancy doing some excel wizardry, please?
Thank you very much.
submitted by huamanticacacaca to excel [link] [comments]

How to calculate odds for betting

Hi!
What I want to know is how to calculate odds (Handicap).
I have football in mind, but I imagine the calculation is basically the same, just with different factors counted in. I have two courses on university level in mathematical and scientific statistics, so I like to think I know my numbers and formulas.
submitted by PerfectLuck25367 to gambling [link] [comments]

[Serious] How do betting websites calculate football (soccer) odds so that it reflects the likely outcome of a game while making a profit ?

submitted by JohnDavid92 to AskReddit [link] [comments]

How to Calculate Bets with Decimal, Fractional or American Odds

How to Calculate Bets with Decimal, Fractional or American Odds submitted by NorskerenDabbing to Unikrn [link] [comments]

ELI5: How do betting companies calculate odds, especially for something that seems really random?

submitted by sammyt7 to explainlikeimfive [link] [comments]

ELI5: How do oddsmakers calculate the betting odds for sporting events?

submitted by m-bellishment to explainlikeimfive [link] [comments]

Bitcoin Gambling – Auto-Bet calculator for odds and guess values

Bitcoin Gambling – Auto-Bet calculator for odds and guess values submitted by ososru to Bitcoin4free [link] [comments]

Bitcoin Gambling – Auto-Bet calculator for odds and guess values

Bitcoin Gambling – Auto-Bet calculator for odds and guess values submitted by Rufflenator to 3bitcoins [link] [comments]

Football Odds Calculator | Fair Odds Prediction For Soccer Bets

Football Odds Calculator | Fair Odds Prediction For Soccer Bets submitted by randyeunice to u/randyeunice [link] [comments]

Football Odds Calculator | Fair Odds Prediction For Soccer Bets

Football Odds Calculator | Fair Odds Prediction For Soccer Bets submitted by randyeunice to u/randyeunice [link] [comments]

How are soccer betting odds calculated?

Hey, I've been wondering this for some time and wasn't able to find any info. Does anyone know how they come up with the odds? Thanks :)
submitted by Alex99881 to SoccerBetting [link] [comments]

ELI5:How do betting companies calculate odds for sport events?

For any team sport there must be dozens of factors affecting every game, like injuries, random events etc. How do you calculate the probability of a team winning a game?
submitted by DullestWall to explainlikeimfive [link] [comments]

Request: Someone with knowledge in Statistics, please calculate C9's winrate according to betting odds.

I'm sure they have the highest loss rate when the betting odds are in their favor, and the highest win rate when the odds are against them. (Maybe PR tied for winrate)
submitted by Kal337 to DotA2 [link] [comments]

Excel odds profit formula American Odds Explained and How to Calculate American Odds Calculating Odds and Probability Calculate your betting ROI! How to Calculate Pot Odds  Poker Tutorials

You can calculate the odds of the bet you wish to take and work out how much the bet would return if it was a winner by using our simple bet calculator. Just enter the bet type from the options on the drop down menu below, enter your stake and the prices of the your selections and our betting odds calculator will do the rest for you. Get Better Odds - Try Exchange Betting. Fixed odds bookmakers employ teams of odds traders and use tons of maths and analysis to set prices, margins and balance books. While it is possible to find the loop holes and get a great price it is very hard to do on a regular basis. Most professional bettors almost exclusively bet on exchanges. Since most tracks have a $2 minimum bet, below is a handy chart to look up the payoff for a $2 bet at various odds. Remember, your actual payoff may differ from this chart, as the odds on the tote board are rounded off, so 2-1 odds on the tote board may actually be 1.9-1 or 2.2-1. How to calculate betting odds. Getting a handle on how to calculate probability yourself and converting it into odds is the first step in developing your own assessments of betting value. Once you know how to calculate probability, turning that figure into odds is a straightforward process. American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet. Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the money you need to risk to win $100. So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite.

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Excel odds profit formula

In the seventh lesson of the "From Zero to Poker Hero" free poker course you will learn what are pot odds and outs in poker. You will learn how to calculate the probability of hitting your outs ... It's not particularly related to a betting strategy, more the way you decide to bet. If you can find value then you will make money, but it's important to understand what the odds mean so you can ... Football Betting Strategy 1x2 - X System, tips - win- betting-football-math - Most Profitable - Duration: 4:17. Axel Nixon20 29,458 views odds ratios are the measure of association in a case control study. This video demonstrates the calculation of the OR. How Betting Odds Work - Sports Betting Odds Explained - Duration: 3:03. ... How to Calculate the Odds of Winning the Lottery - Duration: 8:18. statisticsfun 133,764 views.