If team 'a' has a 61 percent chance of winning a baseball game, what would be the correct money line, and what is the formula to calculate that?
Money line calculation question
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stevenashModerator
- 01-17-11
- 65461
#1Money line calculation questionTags: None -
mebaranSBR MVP
- 09-16-09
- 1540
#2In Excel:
=IF(T14>0.5,-(T14/(1-T14))*100,-(-((1-T14)/(T14))*100))
(T14 is the cell where you have your W%)
Your example:
=IF(.61>.5,-(.61/(1-.61))*100,-(-((1-.61)/(.61))*100))Last edited by mebaran; 04-05-11, 03:28 PM.Comment -
CrimsonQueenSBR MVP
- 08-12-09
- 1068
#3There's an odds converter here on SBR in the Tools section. It won't give you the formulas but at least you can convert any ML/%/decimal odds/ etc...Comment -
LT ProfitsSBR Aristocracy
- 10-27-06
- 90963
#461/(100-61) = 61/39 = -156 No Vig LineComment
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