Calculate the fair odds without the bookmaker's margin (vig). This helps you understand the true probability of an event occurring without the bookmaker's profit margin.
Calculate the Return on Investment (ROI) for your bets. This helps you understand the profitability of your bets over time.
Calculate the ROI probability for a bet given odds and probability of winning.
Determine the break-even percentage for a given set of odds. This helps you understand the minimum win rate required to break even on your bets.
Calculate the optimal bet size using the Kelly Criterion.
Calculate the optimal bet size using the Fibonacci Sequence.
Calculate the probability of a parlay occurring and compare it against the bookmaker odds to determine the edge.
Monte Carlo simulation used to predict the outcome of tennis matches based on the players service statistics.This method helps in understanding the probability distribution of different outcomes based on player service statistics.