Toolbox: betbetter

Title: Bet Better

Summary: Betting odds to probabilities, bookmaker margin removal and open betting-market data

Version: 0.1.0

Author: Edward Glush

Maintainer: Edward Glush <edward@betbetter.world>

Category: Data Analysis - Statistics

Entity: Bet Better Pty Ltd

WebSite: https://betbetter.world/api/

License: MIT

ScilabVersion: >= 2024.0

Depends:

Date: 2026-10-23

Description: Tools for working with betting prices as probabilities.
 - bb_odds_to_prob, bb_frac_to_prob: decimal, American and fractional odds to implied probability
 - bb_overround: overround and margin of one market
 - bb_remove_margin: fair probabilities by the proportional, additive or power method
 - bb_margin_index, bb_weighted_margin: read the open daily Bet Better Margin Index (CC BY 4.0) and average it by market type
 - bb_feed: read the free JSON feed of model win probabilities for a league
 Pure Scilab macros; the two data functions need an internet connection.
 Example: bb_remove_margin([2.10 3.40 3.50], "power")
