137 lines
4.5 KiB
TypeScript
137 lines
4.5 KiB
TypeScript
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import { describe, it, expect } from "vitest";
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import {
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americanToImpliedProbability,
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impliedProbabilityToAmerican,
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normalizeOdds,
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} from "../playoff-match-odds";
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describe("americanToImpliedProbability", () => {
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it("converts even odds (+100) to 0.5", () => {
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expect(americanToImpliedProbability(100)).toBeCloseTo(0.5);
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});
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it("converts favourite negative odds (-110) correctly", () => {
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// 110 / (110 + 100) = 110/210 ≈ 0.5238
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expect(americanToImpliedProbability(-110)).toBeCloseTo(110 / 210);
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});
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it("converts heavy favourite (-400) correctly", () => {
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// 400 / 500 = 0.8
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expect(americanToImpliedProbability(-400)).toBeCloseTo(0.8);
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});
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it("converts underdog (+200) correctly", () => {
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// 100 / (200 + 100) = 100/300 ≈ 0.3333
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expect(americanToImpliedProbability(200)).toBeCloseTo(1 / 3);
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});
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it("converts heavy underdog (+500) correctly", () => {
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// 100 / 600 ≈ 0.1667
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expect(americanToImpliedProbability(500)).toBeCloseTo(1 / 6);
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});
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it("returns 0 for zero odds", () => {
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expect(americanToImpliedProbability(0)).toBe(0);
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});
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it("implied probabilities for two-way market sum > 1 (vig included)", () => {
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// Standard -110/-110 line should sum to > 1 due to vig
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const p1 = americanToImpliedProbability(-110);
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const p2 = americanToImpliedProbability(-110);
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expect(p1 + p2).toBeGreaterThan(1);
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});
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});
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describe("impliedProbabilityToAmerican", () => {
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it("converts 0.5 to even money (+100)", () => {
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// At exactly 0.5, should be -100 (technically even both ways)
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const result = impliedProbabilityToAmerican(0.5);
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expect(result).toBe(-100);
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});
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it("converts a favourite probability to negative odds", () => {
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// 0.8 probability → -(0.8/0.2)*100 = -400
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expect(impliedProbabilityToAmerican(0.8)).toBe(-400);
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});
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it("converts an underdog probability to positive odds", () => {
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// 1/3 ≈ 0.3333 → ((1 - 1/3) / (1/3)) * 100 = 200
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expect(impliedProbabilityToAmerican(1 / 3)).toBeCloseTo(200, 0);
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});
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it("converts a heavy underdog probability to large positive number", () => {
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// 1/6 ≈ 0.1667 → (5/6 / 1/6) * 100 = 500
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expect(impliedProbabilityToAmerican(1 / 6)).toBeCloseTo(500, 0);
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});
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it("throws for probability of 0", () => {
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expect(() => impliedProbabilityToAmerican(0)).toThrow(RangeError);
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});
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it("throws for probability of 1", () => {
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expect(() => impliedProbabilityToAmerican(1)).toThrow(RangeError);
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});
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it("throws for probability > 1", () => {
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expect(() => impliedProbabilityToAmerican(1.5)).toThrow(RangeError);
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});
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it("throws for negative probability", () => {
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expect(() => impliedProbabilityToAmerican(-0.1)).toThrow(RangeError);
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});
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it("roundtrips correctly for typical favourite", () => {
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// -200 → prob → back to -200
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const prob = americanToImpliedProbability(-200);
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const back = impliedProbabilityToAmerican(prob);
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expect(back).toBe(-200);
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});
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it("roundtrips correctly for typical underdog", () => {
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// +150 → prob → back to +150
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const prob = americanToImpliedProbability(150);
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const back = impliedProbabilityToAmerican(prob);
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expect(back).toBe(150);
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});
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});
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describe("normalizeOdds", () => {
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it("normalized probabilities sum to 1", () => {
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const [p1, p2] = normalizeOdds(-110, -110);
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expect(p1 + p2).toBeCloseTo(1);
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});
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it("equal moneylines give 50/50 after normalization", () => {
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const [p1, p2] = normalizeOdds(-110, -110);
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expect(p1).toBeCloseTo(0.5);
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expect(p2).toBeCloseTo(0.5);
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});
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it("favourite has higher normalized probability", () => {
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const [favProb, underdogProb] = normalizeOdds(-200, +170);
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expect(favProb).toBeGreaterThan(underdogProb);
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});
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it("normalized probabilities are between 0 and 1", () => {
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const [p1, p2] = normalizeOdds(-300, +250);
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expect(p1).toBeGreaterThan(0);
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expect(p1).toBeLessThan(1);
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expect(p2).toBeGreaterThan(0);
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expect(p2).toBeLessThan(1);
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});
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it("removes vig - heavy favourite still less than 1 after normalization", () => {
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// Raw implied prob for -400 = 0.8. Normalized should be < 1 since opponent exists.
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const [p1] = normalizeOdds(-400, +300);
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expect(p1).toBeLessThan(1);
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expect(p1).toBeGreaterThan(0.5);
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});
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it("ordering is consistent with input", () => {
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const [p1First, p2First] = normalizeOdds(-200, +170);
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const [p2Second, p1Second] = normalizeOdds(+170, -200);
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expect(p1First).toBeCloseTo(p1Second);
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expect(p2First).toBeCloseTo(p2Second);
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});
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});
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