Convert decimal betting odds into implied probability. This tells you what percentage chance the odds represent — and whether you’re getting value or not.
Implied probability is the percentage chance that a bookmaker’s odds give to a specific outcome. It’s calculated using:
Implied Probability = (1 / Decimal Odds) × 100
This helps you compare your own estimates and spot value bets. If you think the true chance is higher than the implied probability, the bet may be worth taking.
Implied Probability = (1 / 2.50) × 100 = 40%
If you think the true probability is above 40%, it could be a value bet.