Implied Probability Calculator
How does the Implied Probability calculator work?
By entering the odds offered by a bookmaker, the Implied Probability calculator converts these odds into a percentage chance of winning. It helps you quickly understand the likelihood of an outcome as implied by the betting market.
What is Implied Probability?
Implied probability is a conversion of betting odds into a percentage that represents the expected frequency of the outcome occurring. For example, decimal odds of 2.00 imply a 50% chance of winning (100 / 2.00). If you believe the true probability of an outcome is higher than the implied probability calculated from the odds, you have essentially found a "value bet." Comparison of your own assessed probability against the implied probability is the cornerstone of profitable sports betting.