betting odds
Given an input of n odds for a sporting event, it calculates the bet spread to minimize losses.
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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.
Cite As
a k (2026). betting odds (https://www.mathworks.com/matlabcentral/fileexchange/10840-betting-odds), MATLAB Central File Exchange. Retrieved .
General Information
- Version 1.0.0.0 (841 Bytes)
-
No License
MATLAB Release Compatibility
- Compatible with any release
Platform Compatibility
- Windows
- macOS
- Linux
| Version | Published | Release Notes | Action |
|---|---|---|---|
| 1.0.0.0 |
