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A +1.5 spread is commonly seen in baseball betting, the standard runline  for MLB. This spread means the underdog must win outright or lose by exactly one run to cover the spread. Alternatively, a -1.5 spread means that the favorite must win by at least two runs. Many baseball games are decided by fewer than two runs.
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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.
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    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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