betting odds

Version 1.0.0.0 (841 Bytes) by a k
Given an input of n odds for a sporting event, it calculates the bet spread to minimize losses.
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Updated 24 Apr 2006

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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 (2024). betting odds (https://www.mathworks.com/matlabcentral/fileexchange/10840-betting-odds), MATLAB Central File Exchange. Retrieved .

MATLAB Release Compatibility
Created with R14SP1
Compatible with any release
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Version Published Release Notes
1.0.0.0