Algorithmic Procedure of The Odds-algorithm
The odds-algorithm sums up the odds in reverse order
until this sum reaches or exceeds the value 1 for the first time. If this happens at index s, it saves s and the corresponding sum
If the sum of the odds does not reach 1, it sets s = 1. At the same time it computes
The output is
- , the stopping threshold
- , the win probability.
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