Implied Probability Calculator

Implied Probability Explained

Implied probability is what the odds suggest is the likelihood of an outcome occurring. For example, American odds of +110 have an implied probability of 47.62%, meaning the sportsbook believes there's a 47.62% chance of that outcome happening.

Converting odds to implied probability is essential for finding value bets. If you believe the actual probability of an outcome is higher than the implied probability from the odds, that's a value betting opportunity.

The formula for calculating implied probability from American odds:

• For positive odds (+): 100 / (odds + 100)
• For negative odds (-): |odds| / (|odds| + 100)