OddsWize

Implied Probability Explained

Implied probability turns odds into a percentage, helping you spot when a price looks too high or too low.

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Implied probability basics

Decimal odds can be converted into a simple percentage. Higher odds mean a lower implied probability.

This helps you compare prices quickly across bookmakers and markets.

Quick calculation

  1. Use 1 / odds to get the implied probability.
  2. Multiply by 100 to turn it into a percentage.
  3. Compare that number across bookmakers.

How to use it

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FAQ

What is implied probability?

It is the probability of an outcome based on the bookmaker odds, shown as a percentage.

Does implied probability include the bookmaker margin?

Yes. The implied probability reflects the bookmaker margin, so the total may exceed 100%.

How does this help me bet better?

It helps you compare prices and decide whether the odds are higher than the true chance of an outcome.