Since we can estimate the log odds via logistic regression, we can estimate probability as well because log odds are…

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## Beating the Bookies with Machine Learning

I. e. the ‘payout’ the bookmaker sets for this game is 95%, meaning that the bookmaker will expect to make…

Continue Reading## Are you mixing up odds with probability?

And in high school they tend to teach us about probabilities, not odds. A probability is defined as the number…

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