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@lambertchu

lambertchu/bin_odds.py Secret

Created Dec 29, 2020
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### Bucket games by ML and compare to actual win percentages. Are the ML actually predictive of final results?
# For now, we will only consider moneylines from Pinnacle!
# Place outcomes into bins based upon their pregame implied win probabilities
bins = 20
df_pin = df_nba_lines[['key', 'date', 'ml_time', 'team', 'opp_team', 'score', 'ml_PIN', 'outcome', 'win_prob_PIN', 'win_prob_norm_PIN']]
df_pin['bin'] = pd.cut(df_pin['win_prob_norm_PIN'], bins=bins)
### Now, the goal is to calculate the win rate for each bin
# Start with grouping by bin and game outcome (W or L)
outcomes = df_pin.groupby(['bin', 'outcome']).size()
# Calculate the win AND loss rates for each bin based on game outcomes
win_rate = outcomes.groupby(level=0).apply(lambda x: x / float(x.sum()))
# Convert to df
df_win_rate = win_rate.reset_index(name='actual_win_rate')
# Filter only for win rate (remove loss rate and unneeded columns)
df_win_rate = df_win_rate[df_win_rate['outcome'] == 'W'][['bin', 'actual_win_rate']]
# Add column for the average implied win rate of each bin. This will the "expected win rate."
expected_win_rate_series = df_pin.groupby(['bin']).mean()['win_prob_norm_PIN']
df_win_rate = df_win_rate.assign(expected_win_rate = expected_win_rate_series.values)
# Calculate residuals (actual minus hypothetical)
df_win_rate['residual'] = df_win_rate['actual_win_rate'] - df_win_rate['expected_win_rate']
# Add column for the number of lines (teams) in each bin
size_series = df_pin.groupby(['bin']).size()
df_win_rate = df_win_rate.assign(count = size_series.values)
# Nicely formatted HTML table
df_win_rate.style.format({
'actual_win_rate': '{:,.2%}'.format,
'expected_win_rate': '{:,.2%}'.format,
'residual': '{:,.2%}'.format
})
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