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betting odds

23 Apr 2006 (Updated 24 Apr 2006)

No BSD License

Given an input of n odds for a sporting event, it calculates the bet spread to minimize losses.

File Information

Description

The function takes in n money line odds. For example a soccer match, +100 for an underdog win, -125 for the favored team to win, and +220 for a draw. The function calculates the percentage of your bet that should go to each outcome in order to minimize your loss no matter what event actually occurs.

I'm mainly curious if I coded it correctly, so I would really like some input. I am convinced that for n=2 it works, but I'm not sure about highr n's.

MATLAB release

MATLAB 7.0.1 (R14SP1)

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Tag Activity for this File
Tag	Applied By	Date/Time
games	a k	22 Oct 2008 08:22:59
bet	a k	22 Oct 2008 08:22:59
odds	a k	22 Oct 2008 08:22:59
money	a k	22 Oct 2008 08:22:59
game	a k	22 Oct 2008 08:22:59

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