How can PHP functions be utilized effectively to improve code readability and efficiency when implementing point calculation algorithms for a betting website?

Issue: To improve code readability and efficiency when implementing point calculation algorithms for a betting website, PHP functions can be utilized effectively. By breaking down the calculation logic into smaller, reusable functions, the code becomes more organized and easier to understand. This approach also promotes code reusability and makes it easier to maintain and update the point calculation algorithms in the future.

// Define a function to calculate points based on a specific algorithm
function calculatePoints($betAmount, $odds, $result) {
    // Perform the necessary calculations here
    $points = $betAmount * $odds * $result;
    
    return $points;
}

// Example usage of the calculatePoints function
$betAmount = 100;
$odds = 2.5;
$result = 1; // 1 for win, 0 for loss
$points = calculatePoints($betAmount, $odds, $result);
echo "Points earned: " . $points;