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Hi, If i had a probability of a football match as
Home win 37%
Draw 25%
Away win 38%
How would i got about reflecting this as prices, is there a forumla I can use to work this out?
Thanks
Home win 37%
Draw 25%
Away win 38%
How would i got about reflecting this as prices, is there a forumla I can use to work this out?
Thanks
Show More
Home win 100-37=63 63 divided by 37=1.7/1 (roughly 7/4)
Draw 100-25=75 75 divided by 25 =3/1
Away 100-38=62 62 divided 38=1.63 (roughly 13/8)
Bit long winded that,probably an easier equation somewhere !
Draw 100-25=75 75 divided by 25 =3/1
Away 100-38=62 62 divided 38=1.63 (roughly 13/8)
Bit long winded that,probably an easier equation somewhere !
Divide your percentages by 100, ie 40%=0.4, then it's just 1/probability = decimal price. Eg, probability = 40%, price =1/0.4 which is 2.5.
CAFC2006 15 Dec 21:40
Hi, If i had a probability of a football match as
Home win 37%
Draw 25%
Away win 38%
How would i got about reflecting this as prices, is there a forumla I can use to work this out?
Thanks
In decimal odds it's simplest to work out:
It's 1 / by the % expressed as a probability
so:
1/0.37=2.7
1/0.25=4
1/0.38=2.63
Hi, If i had a probability of a football match as
Home win 37%
Draw 25%
Away win 38%
How would i got about reflecting this as prices, is there a forumla I can use to work this out?
Thanks
In decimal odds it's simplest to work out:
It's 1 / by the % expressed as a probability
so:
1/0.37=2.7
1/0.25=4
1/0.38=2.63
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