Calculate Percentage Question

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  • Roscoe_Word
    SBR MVP
    • 02-28-12
    • 3999

    #1
    Calculate Percentage Question
    It’s a little embarrassing to ask; but I do only have a
    rudimentary knowledge of arithmetic. (thank God for Excel)
    I’m trying to figure out what the probability of a night’s sports
    betting will be under various conditions. (assuming I’m a 50% handicapper)
    I make about 7 bets a night (on a full NBA slate).

    I know the odds of going 0-7 or 7-0 are:


    ½ x ½ x ½ x ½ x ½ x
    ½ x ½ = 1/128 = .007

    But I don’t know how to figure the odds of going, say, 2-5
    or 5-2. (or 3-4, 4-3)
    Know this is old, basic stuff to most of you guys, but if
    anyone wants to show me this, it would be appreciated. Thanks very much.
    I viewed the “Probability Formula” thread by John Gault, but
    couldn’t grasp it.

  • HeeeHAWWWW
    SBR Hall of Famer
    • 06-13-08
    • 5487

    #2
    What you need is a binomial. In excel that's binom.dist iirc.
    Comment
    • Roscoe_Word
      SBR MVP
      • 02-28-12
      • 3999

      #3
      Originally posted by HeeeHAWWWW
      What you need is a binomial. In excel that's binom.dist iirc.
      Hey, got it. Thanks much, HH.
      Comment
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