Hello,
The title may be a little bit confusing so I'll explain.
I'm running a sports prediction competition, for which I use Excel to calculate the scores.
In each match, there are a few outcomes that can happen. When I enter the results, the scores of the participants update automatically.
After that, the participants will be ranked from highest to lowest score totals up to the current round.
Everything up to this point I have already automated in my Excel sheet after I simply enter the outcomes of matches.
However, I thought it would be cool if I could calculate the probabilities of each player ending up at a certain rank based on all the possible combinations of results that can happen.
The number of combinations is quite large, about 18,5 million combinations, which is a multiplication of 7 different matches' possible outcomes.
Assuming each outcome is equally likely to happen, how can I calculate the probabilities of each participant ending up at a certain position? And is this even possible to run with the amount of combinations that can happen?
I'd like the end result to show a percentage likelihood of each participant of the competition to end up at a certain rank.
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