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How to Build a Sports Betting Model in Excel

1
Choose Your Goal.
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Select Metrics/Data Points.
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Collect Said Data Points.
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Choose Type of Model.
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Test Your Model.
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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.
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