I would like an algorithm that calculates the betting line as bets come in on both sides. The algorithm should be able to run many stimulations of various different wages on both sides of the line. As wagers increase on one side the line should move in the other direction to level the bids on both sides. The algorithm should calculate payout and vigorish for each game.
The sports I would like to include:
Boxing + MMA
Skills: Python and R are strongly recommended.