WHAT and WHY of Log OddsPiyush AgarwalBlockedUnblockFollowFollowingJul 8The three main categories of Data Science are Statistics, Machine Learning and Software Engineering.…
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Understanding Logistic Regression
Since we can estimate the log odds via logistic regression, we can estimate probability as well because log odds are…
Continue ReadingBeating 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 ReadingAre 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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