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How to Build a Sports Betting Model in Excel

1

Choose Your Goal.

2

Select Metrics/Data Points.

3

Collect Said Data Points.

4

Choose Type of Model.

5

Build Your Model.

6

Test Your Model.

7

Start Cashing!

How to Build a Sports Betting Model in Excel - OddsJam\noddsjam : betting-education : how-to-build-a-sports-betting-model-in...

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For fractional odds, the equation is denominator/(denominator + numerator) x 100. A horse that is 7/2 would be calculated as 2/(7 + 2) x 100. That equals 22.22, meaning a team or horse that's 7/2 has an implied win probability of 22.22 percent. Finally, we've got decimal odds, which have the simplest equation.

A Guide to Calculating Sports Betting Odds - MLive

mlive : betting : guides : odds

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