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What is Implied Probability?

Implied probability is a conversion of betting odds into a percentage. It reflects the likelihood of a specific outcome occurring, as suggested by the bookmakers' odds. Understanding implied probability can help bettors determine the value of a bet.

How to Use the Implied Probability Calculator

1. Enter the Odds: Input the odds you have in the "Odds" field. You can use any format:
   • fractional (e.g., 2/1)
   • decimal (e.g., 1.25)
   • American (e.g., +150, -300)
2. Calculate: The calculator will automatically convert the odds into implied probability, showing you the likelihood of that outcome as a percentage.

Example Scenario

Suppose you have a football match with decimal odds of 2.50 for Team A to win. Enter "2.50" into the odds field, and the calculator will display an implied probability of 40%. This means the bookmakers believe there is a 40% chance of Team A winning.

Tips and Tricks

• Compare the implied probability with your own assessment of the likelihood of the outcome. If your assessment is higher, it might be a value bet.
• Use the implied probability to compare different bets and find the most favorable ones.

Frequently Asked Questions

How accurate is the calculator?

The calculator uses a straightforward formula to convert odds into implied probability. It is as accurate as the odds you provide.

Can I use it for all types of bets?

Yes, the implied probability calculator works for all types of bets, as long as you have the odds in fractional, decimal, or American format.