Fair Odds Calculator
Fair Odds Calculator Info
The fair odds calculator calculates what the fair odds of the bet would be if the house were charging no vig. In addition, it displays the overround, margin, and vig for the original lines.
- Odds n...
- The odds of the bet.
- Odds Format
- Specifies the format used in odds fields.
Approaches Shown
The calculator includes several approaches to calculating the fair odds. These are listed below. The main difference between these approaches is in the way they adjust for the favorite longshot bias.
- EM
- Equal Margin. Also known as multiplicative. Does not account for the favorite longshot bias.
- MPTO
- Margin Proportional to Odds. Also known as additive.
- SHIN
- Shin
- OR
- Odds Ratio
- LOG
- Logarithmic