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Implied Probability
0.00%
What is a Moneyline?
A Moneyline wager involves placing a bet on the winning team or player of a sporting event.
Moneyline uses American odds, which are set by sportsbooks in a way that tells you how much money you would make based on a $100 wager.
A team or player with a minus sign in front of their name is generally the favourite, unless the odds are very close. Odds with a minus sign in front of them means you need to spend that amount to make $100, for example if the odds are -150 you would need to spend $150 to win back $100. Odds with a plus sign in front of them are the inverse, where you need to spend $100 to make that amount. For example, a moneyline of +150 means a bettor would have to wager $100 to make an additional $150 profit.
What is implied probability?
Implied probability is the percentage chance of an outcome winning based on it's odds. This is important for wagering as it allows them to identify potential value. If a bettor believes that the odds of a team winning are higher than the implied probability, then it represents a good opportunity to bet.