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How to Build a Sports Betting Model in Excel

1
Choose Your Goal.
2
Select Metrics/Data Points.
3
Collect Said Data Points.
4
Choose Type of Model.
5
Build Your Model.
6
Test Your Model.
7
Start Cashing!
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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    States Where Online Gambling Is Illegal

    Alabama.
    Alaska.
    California.
    Idaho.
    Missouri.
    North Dakota.
    Oklahoma.
    South Carolina.
    Yes, sports betting has been legal in Mississippi since 2024. However, the state has yet to allow online betting, but there are many offshore sportsbooks you can use in the meantime.
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