If the odds are negative, apply this formula: odds/(odds + 100).įor our example, as the odds are negative, the implied probability will be 150/(150 + 100) = 60%. If the odds are positive, apply this formula: 100/(odds + 100). The last step is to calculate the implied probability using the American odds to implied probability formula. If the odds if positive, let's say +200, it means by betting $100, you will have a chance to win $200. An odds of -150 means that you need to bet $150 to have a chance of winning $100. The next step is to understand the odds given. This step is important as positive odds will have a different formula when compared to negative odds. In our example, the odds are -150, which is negative. The first step is to determine if the odds are positive or negative. You can calculate the implied probability of sports betting in three steps:ĭetermine if the odds are positive or negative. Bet: Golden State Warriors to win against Chicago Bulls.To understand the implied probability sports betting calculation, let's take the sports bets below as an example:
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