Positive Expected Value function, and Bayesian Expected Value function
where:
- or1 is the odds ratio of team 1
- or2 is the odds ratio of team 2
- stake is your premium
where:
- or1 is the odds ratio of team 1
- or2 is the odds ratio of team 2
- stake is your premium
- likelihood1 is your input based on updated information for team 1
- likelihood1 is your input based on updated information for team 2