pandas.Series.overround(odds_type='implied_probability')
Calculate the overround of a Series of odds.
Parameters:
odds_type(str, optional): Type of odds provided. Supported values are'decimal','fractional','american', and'implied_probability'. Default is'implied_probability'.
Returns:
float: Floating point overround as a decimal.
Example:
import pandas as pd
import stakepd as spd
implied_odds = pd.Series([0.8, 0.5, 0.3])
overround_value = implied_odds.overround(odds_type='implied_probability')
print(overround_value)
0.6