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Sports Betting Odds Calculator

This document summarizes a sports betting odds calculator. The calculator allows users to input the probabilities of different outcomes of an event, along with the odds offered by betting companies. It then calculates the fair odds based on probabilities and compares these to the offered odds to determine if a bet is favorable. Users simply fill in the white fields with outcome probabilities and company odds, and the calculator automatically determines the corresponding probabilities, fair odds, and whether the offered odds are favorable based on a margin set by the user, typically 10%.

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411 views2 pages

Sports Betting Odds Calculator

This document summarizes a sports betting odds calculator. The calculator allows users to input the probabilities of different outcomes of an event, along with the odds offered by betting companies. It then calculates the fair odds based on probabilities and compares these to the offered odds to determine if a bet is favorable. Users simply fill in the white fields with outcome probabilities and company odds, and the calculator automatically determines the corresponding probabilities, fair odds, and whether the offered odds are favorable based on a margin set by the user, typically 10%.

Uploaded by

jdpj2188
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Sports Betting Odds Calcu

Propability of the Odds offered by


Fair odds based on
Outcome outcome according to a betting
the probability
you company
Home 1 60% 1.67 1.80
Tie 0 25% 4.00 3.00
Visitors 2 15% 6.67 4.50
Check: 100%
Margin of the betting company 10%

The use of the calculator is simple – just fill in the white fields, the calculations run automatically. The pre-filled data are f
The calculator can be applied on any match or betting opportunity (e.g. in case of a tennis match set the probability of a

1. Enter (distribute) the probabilities of the outcomes according to your opinion, so that the sum is 100% (the correspond
2. Enter the odds that are offered by the betting shop (the corresponding probabilities of the outcomes - according to the
3. If you know the margin of the betting shop (it is unlikely public), you can enter or rewrite it, the default value is 10%.

Whether and how much are the offered odds favourable for you or not is assessed in columns 6 and 7.
If the value in the column 6 is positive, it means that the betting shop offers higher odds than the fair odds according to y
Betting Odds Calculator
Corresponding probabilities Odds comparison Assessment of the odds offered by the
according to the bookmaker (+OK, –KO) betting company

50% 8.00% The odds are favourable for you


30% -25.00% The odds are not favourable for you
20% -32.50% The odds are not favourable for you
100%

un automatically. The pre-filled data are for illustration only, feel free to overwrite them.
of a tennis match set the probability of a tie to 0%).

so that the sum is 100% (the corresponding fair odds will be calculated automatically - col. 3)
ilities of the outcomes - according to the bookmaker and with the given margin - will be calculated - col. 5).
or rewrite it, the default value is 10%.

ed in columns 6 and 7.
er odds than the fair odds according to you and thus making the bet is favourable for you!

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