{"id":13166,"date":"2020-03-11T00:00:27","date_gmt":"2020-03-11T00:00:27","guid":{"rendered":"https:\/\/panalo567bet.com\/?p=13166"},"modified":"2024-06-11T10:51:57","modified_gmt":"2024-06-11T09:51:57","slug":"implied-probability","status":"publish","type":"post","link":"https:\/\/panalo567bet.com\/implied-probability\/","title":{"rendered":"Implied Probability &#8211; The Ultimate Guide (2024 Update)"},"content":{"rendered":"<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    When betting on sports, you can run into several types of odds such as are Fractional, Decimal, and American odds. While figuring out how much money you win from your bet should be easy enough, it is important to your <strong>betting strategy<\/strong> to know at what likelihood, in terms of percentages, bookies are estimating a win, loss, draw or any game statistic, prop or event. This article will teach you how to <strong>calculate the implied probability<\/strong> behind any type of odds and how to use it in your betting strategy.<\/p>\n\n<div   id="ddgt5teyf9"    class=\"jumplinks container\">\n  <div   id="ddgt5teyf9"    class=\"container p-2 \">\n    <span class=\"d-block mb-3 \"><b>Hot Topics<\/b> on this page:<\/span>\n    <div   id="ddgt5teyf9"    class=\"jumplinks__row justify-content-center\">\n                    <a href=\"#implied-probability-betting-explained\" class=\"btn jumplink jumplink-icon \">\n                    <span>What is Implied Probability<\/span>\n        <\/a>\n                          <a href=\"#calculate-implied-probability\" class=\"btn jumplink jumplink-icon \">\n                    <span>How to Calculate Implied Probability<\/span>\n        <\/a>\n                          <a href=\"#implied-probability-versus-real-probability\" class=\"btn jumplink jumplink-icon \">\n                    <span>Implied Probability vs Real Probability<\/span>\n        <\/a>\n                <\/div>\n  <\/div>\n<\/div>\n\n<div class=\"table-of-content table-of-content-sticky\" id=\"toc\" data-bs-toggle=\"collapse\" data-bs-target=\"#toc-content\" aria-expanded=\"false\" aria-controls=\"toggle-toc\">\n  <div   id="ddgt5teyf9"    class=\"container\">\n    <div   id="ddgt5teyf9"    class=\"table-of-content__inner\">\n      <button\n              class=\"table-of-content__toggler collapse-rotate-parent\">\n        <div   id="ddgt5teyf9"    class=\"table-of-content__toggler-title\">\n          <img decoding=\"async\" class=\"me-3 table-of-content-sticky__img\" src=\"https:\/\/panalo567bet.com\/app\/themes\/thepunterspage\/public\/images\/list-icon--alt.f8ad3b.svg\" alt=\"Table of Contents Heading\" loading=\"lazy\" width=\"28\" height=\"28\">\n          <span class=\"toc-heading\">Explore this page with our <b>Table of Contents<\/b><\/span>\n        <\/div>\n        <div   id="ddgt5teyf9"    class=\"table-of-content__toggler-icon\">\n          <div   id="ddgt5teyf9"    class=\"vertical-divider bg-gray-300\"><\/div>\n          <div   id="ddgt5teyf9"    class=\"collapse-rotate-child h-36px d-flex align-items-center justify-content-center ms-3 transform-ease\">\n            <img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/themes\/thepunterspage\/public\/images\/chevron-up--black.16bc63.svg\" alt=\"Table of Contents Toggle Icon\" loading=\"lazy\" width=\"20\" height=\"20\">\n          <\/div>\n        <\/div>\n      <\/button>\n      <div id=\"toc-content\" class=\"table-of-content__content collapse\" aria-labelledby=\"TOC Content\">\n        <button\n              class=\"table-of-content-sticky__toggler table-of-content__toggler collapse-rotate-parent d-none\">\n        <div   id="ddgt5teyf9"    class=\"table-of-content__toggler-title\">\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"18\" height=\"14\" viewBox=\"0 0 18 14\" fill=\"none\">\n            <path d=\"M3.27085 10.6458H1.18752C1.04939 10.6458 0.916911 10.7007 0.819236 10.7984C0.72156 10.8961 0.666687 11.0285 0.666687 11.1667L0.666687 13.25C0.666687 13.3881 0.72156 13.5206 0.819236 13.6183C0.916911 13.716 1.04939 13.7708 1.18752 13.7708H3.27085C3.40899 13.7708 3.54146 13.716 3.63914 13.6183C3.73681 13.5206 3.79169 13.3881 3.79169 13.25V11.1667C3.79169 11.0285 3.73681 10.8961 3.63914 10.7984C3.54146 10.7007 3.40899 10.6458 3.27085 10.6458ZM3.27085 0.229172H1.18752C1.04939 0.229172 0.916911 0.284045 0.819236 0.38172C0.72156 0.479395 0.666687 0.611872 0.666687 0.750005L0.666687 2.83334C0.666687 2.97147 0.72156 3.10395 0.819236 3.20162C0.916911 3.2993 1.04939 3.35417 1.18752 3.35417H3.27085C3.40899 3.35417 3.54146 3.2993 3.63914 3.20162C3.73681 3.10395 3.79169 2.97147 3.79169 2.83334V0.750005C3.79169 0.611872 3.73681 0.479395 3.63914 0.38172C3.54146 0.284045 3.40899 0.229172 3.27085 0.229172V0.229172ZM3.27085 5.43751H1.18752C1.04939 5.43751 0.916911 5.49238 0.819236 5.59005C0.72156 5.68773 0.666687 5.82021 0.666687 5.95834L0.666687 8.04167C0.666687 8.17981 0.72156 8.31228 0.819236 8.40996C0.916911 8.50763 1.04939 8.56251 1.18752 8.56251H3.27085C3.40899 8.56251 3.54146 8.50763 3.63914 8.40996C3.73681 8.31228 3.79169 8.17981 3.79169 8.04167V5.95834C3.79169 5.82021 3.73681 5.68773 3.63914 5.59005C3.54146 5.49238 3.40899 5.43751 3.27085 5.43751ZM16.8125 11.1667H6.39585C6.25772 11.1667 6.12524 11.2215 6.02757 11.3192C5.92989 11.4169 5.87502 11.5494 5.87502 11.6875V12.7292C5.87502 12.8673 5.92989 12.9998 6.02757 13.0975C6.12524 13.1951 6.25772 13.25 6.39585 13.25H16.8125C16.9507 13.25 17.0831 13.1951 17.1808 13.0975C17.2785 12.9998 17.3334 12.8673 17.3334 12.7292V11.6875C17.3334 11.5494 17.2785 11.4169 17.1808 11.3192C17.0831 11.2215 16.9507 11.1667 16.8125 11.1667ZM16.8125 0.750005H6.39585C6.25772 0.750005 6.12524 0.804879 6.02757 0.902554C5.92989 1.00023 5.87502 1.1327 5.87502 1.27084V2.31251C5.87502 2.45064 5.92989 2.58311 6.02757 2.68079C6.12524 2.77847 6.25772 2.83334 6.39585 2.83334H16.8125C16.9507 2.83334 17.0831 2.77847 17.1808 2.68079C17.2785 2.58311 17.3334 2.45064 17.3334 2.31251V1.27084C17.3334 1.1327 17.2785 1.00023 17.1808 0.902554C17.0831 0.804879 16.9507 0.750005 16.8125 0.750005V0.750005ZM16.8125 5.95834H6.39585C6.25772 5.95834 6.12524 6.01321 6.02757 6.11089C5.92989 6.20856 5.87502 6.34104 5.87502 6.47917V7.52084C5.87502 7.65897 5.92989 7.79145 6.02757 7.88912C6.12524 7.9868 6.25772 8.04167 6.39585 8.04167H16.8125C16.9507 8.04167 17.0831 7.9868 17.1808 7.88912C17.2785 7.79145 17.3334 7.65897 17.3334 7.52084V6.47917C17.3334 6.34104 17.2785 6.20856 17.1808 6.11089C17.0831 6.01321 16.9507 5.95834 16.8125 5.95834Z\" fill=\"#203342\"\/>\n            <\/svg>\n            <span class=\"toc-heading fw-bold text-uppercase\">ON THIS PAGE<\/span>\n        <\/div>\n        <div   id="ddgt5teyf9"    class=\"table-of-content__toggler-icon\">\n          <div   id="ddgt5teyf9"    class=\"vertical-divider bg-gray-300\"><\/div>\n          <div   id="ddgt5teyf9"    class=\"collapse-rotate-child h-36px d-flex align-items-center justify-content-center p-3 ms-5 transform-ease \" data-bs-toggle=\"collapse\" data-bs-target=\"#toc-content\" aria-expanded=\"false\" aria-controls=\"toggle-toc\">\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"13\" height=\"20\" viewBox=\"0 0 13 20\" fill=\"none\">\n              <g clip-path=\"url(#clip0_1450_9010)\">\n              <path d=\"M12.1328 5.88281C12.6211 5.39453 12.6211 4.60156 12.1328 4.11328C11.6445 3.625 10.8516 3.625 10.3633 4.11328L6.25 8.23047L2.13281 4.11719C1.64453 3.62891 0.851562 3.62891 0.363281 4.11719C-0.125 4.60547 -0.125 5.39844 0.363281 5.88672L4.48047 10L0.367187 14.1172C-0.121094 14.6055 -0.121094 15.3984 0.367187 15.8867C0.855469 16.375 1.64844 16.375 2.13672 15.8867L6.25 11.7695L10.3672 15.8828C10.8555 16.3711 11.6484 16.3711 12.1367 15.8828C12.625 15.3945 12.625 14.6016 12.1367 14.1133L8.01953 10L12.1328 5.88281Z\" fill=\"#203342\"\/>\n              <\/g>\n              <defs>\n              <clipPath id=\"clip0_1450_9010\">\n              <rect width=\"12.5\" height=\"20\" fill=\"white\"\/>\n              <\/clipPath>\n              <\/defs>\n              <\/svg>          <\/div>\n        <\/div>\n      <\/button>\n        <div   id="ddgt5teyf9"    class=\"horizontal-divider bg-gray-300 mx-2\"><\/div>\n        <ol class=\"toc-list list-unstyled\">\n                      <li class=\"toc-list__item\">\n                            <span class=\"toc-list__number\">1<\/span>\n              <a class=\"toc-list__text jumplink\" href=\"#the-punters-page-odds-calculator\">The Punters Page Odds Calculator<\/a>\n            <\/li>\n                      <li class=\"toc-list__item\">\n                            <span class=\"toc-list__number\">2<\/span>\n              <a class=\"toc-list__text jumplink\" href=\"#implied-probability-betting-explained\">What is Implied Probability?<\/a>\n            <\/li>\n                      <li class=\"toc-list__item\">\n                            <span class=\"toc-list__number\">3<\/span>\n              <a class=\"toc-list__text jumplink\" href=\"#implied-probability\">Implied Probability<\/a>\n            <\/li>\n                      <li class=\"toc-list__item\">\n                            <span class=\"toc-list__number\">4<\/span>\n              <a class=\"toc-list__text jumplink\" href=\"#implied-probability-chart\">Implied Probability Chart<\/a>\n            <\/li>\n                      <li class=\"toc-list__item\">\n                            <span class=\"toc-list__number\">5<\/span>\n              <a class=\"toc-list__text jumplink\" href=\"#calculate-implied-probability\">How to Calculate Implied Probability from Odds<\/a>\n            <\/li>\n                      <li class=\"toc-list__item\">\n                            <span class=\"toc-list__number\">6<\/span>\n              <a class=\"toc-list__text jumplink\" href=\"#implied-probability-versus-real-probability\">Implied Probability versus Real Probability<\/a>\n            <\/li>\n                      <li class=\"toc-list__item\">\n                            <span class=\"toc-list__number\">7<\/span>\n              <a class=\"toc-list__text jumplink\" href=\"#how-to-use-implied-probability-in-your-betting-strategy\">How to Use Implied Probability in Your Betting strategy<\/a>\n            <\/li>\n                      <li class=\"toc-list__item\">\n                            <span class=\"toc-list__number\">8<\/span>\n              <a class=\"toc-list__text jumplink\" href=\"#other-common-betting-terms\">Other Common Betting Terms<\/a>\n            <\/li>\n                      <li class=\"toc-list__item\">\n                            <span class=\"toc-list__number\">9<\/span>\n              <a class=\"toc-list__text jumplink\" href=\"#thepunterspage-final-say\">ThePuntersPage Final Say<\/a>\n            <\/li>\n                      <li class=\"toc-list__item\">\n                            <span class=\"toc-list__number\">10<\/span>\n              <a class=\"toc-list__text jumplink\" href=\"#implied-probability-faqs\">Implied Probability FAQs<\/a>\n            <\/li>\n                  <\/ol>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"table-of-content__inner table-of-content-sticky__inner border-orange-swv-400 tocslide\" id=\"tocsticky\"  data-bs-toggle=\"collapse\" data-bs-target=\"#toc-content\" aria-expanded=\"false\" aria-controls=\"toggle-toc\">\n  <div   id="ddgt5teyf9"    class=\"toc-icon\">\n    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"18\" height=\"14\" viewBox=\"0 0 18 14\" fill=\"none\">\n      <path d=\"M3.27085 10.6458H1.18752C1.04939 10.6458 0.916911 10.7007 0.819236 10.7984C0.72156 10.8961 0.666687 11.0285 0.666687 11.1667L0.666687 13.25C0.666687 13.3881 0.72156 13.5206 0.819236 13.6183C0.916911 13.716 1.04939 13.7708 1.18752 13.7708H3.27085C3.40899 13.7708 3.54146 13.716 3.63914 13.6183C3.73681 13.5206 3.79169 13.3881 3.79169 13.25V11.1667C3.79169 11.0285 3.73681 10.8961 3.63914 10.7984C3.54146 10.7007 3.40899 10.6458 3.27085 10.6458ZM3.27085 0.229172H1.18752C1.04939 0.229172 0.916911 0.284045 0.819236 0.38172C0.72156 0.479395 0.666687 0.611872 0.666687 0.750005L0.666687 2.83334C0.666687 2.97147 0.72156 3.10395 0.819236 3.20162C0.916911 3.2993 1.04939 3.35417 1.18752 3.35417H3.27085C3.40899 3.35417 3.54146 3.2993 3.63914 3.20162C3.73681 3.10395 3.79169 2.97147 3.79169 2.83334V0.750005C3.79169 0.611872 3.73681 0.479395 3.63914 0.38172C3.54146 0.284045 3.40899 0.229172 3.27085 0.229172V0.229172ZM3.27085 5.43751H1.18752C1.04939 5.43751 0.916911 5.49238 0.819236 5.59005C0.72156 5.68773 0.666687 5.82021 0.666687 5.95834L0.666687 8.04167C0.666687 8.17981 0.72156 8.31228 0.819236 8.40996C0.916911 8.50763 1.04939 8.56251 1.18752 8.56251H3.27085C3.40899 8.56251 3.54146 8.50763 3.63914 8.40996C3.73681 8.31228 3.79169 8.17981 3.79169 8.04167V5.95834C3.79169 5.82021 3.73681 5.68773 3.63914 5.59005C3.54146 5.49238 3.40899 5.43751 3.27085 5.43751ZM16.8125 11.1667H6.39585C6.25772 11.1667 6.12524 11.2215 6.02757 11.3192C5.92989 11.4169 5.87502 11.5494 5.87502 11.6875V12.7292C5.87502 12.8673 5.92989 12.9998 6.02757 13.0975C6.12524 13.1951 6.25772 13.25 6.39585 13.25H16.8125C16.9507 13.25 17.0831 13.1951 17.1808 13.0975C17.2785 12.9998 17.3334 12.8673 17.3334 12.7292V11.6875C17.3334 11.5494 17.2785 11.4169 17.1808 11.3192C17.0831 11.2215 16.9507 11.1667 16.8125 11.1667ZM16.8125 0.750005H6.39585C6.25772 0.750005 6.12524 0.804879 6.02757 0.902554C5.92989 1.00023 5.87502 1.1327 5.87502 1.27084V2.31251C5.87502 2.45064 5.92989 2.58311 6.02757 2.68079C6.12524 2.77847 6.25772 2.83334 6.39585 2.83334H16.8125C16.9507 2.83334 17.0831 2.77847 17.1808 2.68079C17.2785 2.58311 17.3334 2.45064 17.3334 2.31251V1.27084C17.3334 1.1327 17.2785 1.00023 17.1808 0.902554C17.0831 0.804879 16.9507 0.750005 16.8125 0.750005V0.750005ZM16.8125 5.95834H6.39585C6.25772 5.95834 6.12524 6.01321 6.02757 6.11089C5.92989 6.20856 5.87502 6.34104 5.87502 6.47917V7.52084C5.87502 7.65897 5.92989 7.79145 6.02757 7.88912C6.12524 7.9868 6.25772 8.04167 6.39585 8.04167H16.8125C16.9507 8.04167 17.0831 7.9868 17.1808 7.88912C17.2785 7.79145 17.3334 7.65897 17.3334 7.52084V6.47917C17.3334 6.34104 17.2785 6.20856 17.1808 6.11089C17.0831 6.01321 16.9507 5.95834 16.8125 5.95834Z\" fill=\"#203342\"\/>\n      <\/svg>\n  <\/div>\n  <div class='links' id=\"toc-list\">\n    <a href=\"#\">ON THIS PAGE<\/a>\n  <\/div>\n<\/div>\n<div id=\"modal-backdrop\" class=\"modal-backdrop fade show d-none\"><\/div>\n\n\n<h2 id=\"the-punters-page-odds-calculator\" class=\"jump-link-heading\"  >The Punters Page Odds Calculator<\/h2>\n    \n\n\n\n<div   id="ddgt5teyf9"    class=\"odds-Calc-wrapper\">\n    <div   id="ddgt5teyf9"    class=\"oddsCalc-title\"><div>ODDS CONVERTER CALCULATOR<\/div>    <div><label class=\"tooltip\"><i class=\"fa fa-info-circle\"><\/i><input type=\"checkbox\"><span>Choose the Odds format you need to convert from. Insert the odds you need to convert. The result will give you the odds conversion and the Implied Probability.<\/span><\/label><\/div>\n    <\/div>\n    <div   id="ddgt5teyf9"    class=\"oddsCalc-equalHMRWrap oddsCalc-eqWrap\">\n        <div   id="ddgt5teyf9"    class=\"equalHMR-odd_inputfields oddsCalc-eq odds-format-containers\">\n            <div   id="ddgt5teyf9"    class=\"oddformat-title\">Convert Odds from:<\/div>\n            <div id=\"decimal-convert\" class=\"odd-convert-container decimal-container odds-format-active\" onclick=\"openCityodds(event, 'convert-from-decimal', 'convert-to-decimal')\">Decimal<\/div>\n            <div id=\"fractional-convert\" class=\"odd-convert-container fractional-container\" onclick=\"openCityodds(event, 'convert-from-fractional', 'convert-to-fractional')\">Fractional<\/div>\n            <div id=\"american-convert\" class=\"odd-convert-container american-container\" onclick=\"openCityodds(event, 'convert-from-american', 'convert-to-american')\">American<\/div>\n        <\/div>\n        <div   id="ddgt5teyf9"    class=\"equalHMR-odd_inputfields oddsCalc-eq\">\n            <div   id="ddgt5teyf9"    class=\"oddformat-title\">Odds<\/div>\n            <div>\n                <div id=\"convert-from-decimal\" class=\"odds-tabcontent\" style=\"display: block\">\n                    <div>\n                        <input type=\"text\" step=\"any\" class=\"odd-field decimal\" value=\"\" placeholder=\"0.00\">\n                    <\/div>\n                <\/div>\n                <div id=\"convert-from-fractional\" class=\"odds-tabcontent\" style=\"display: none\">\n                    <div>\n                        <input type=\"text\" step=\"any\" class=\"odd-field fractional\" value=\"\" placeholder=\"0.00\">\n                    <\/div>\n                <\/div>\n                <div id=\"convert-from-american\" class=\"odds-tabcontent\" style=\"display: none\">\n                    <div>\n                        <input type=\"text\" step=\"any\" class=\"odd-field american\" value=\"\" placeholder=\"0.00\">\n                    <\/div>\n                <\/div>\n            <\/div>\n            <div>\n            <\/div>\n        <\/div>\n        <div id=\"convert-to-decimal\" class=\"equalHMR-oddscalc oddsCalc-eq tabcontentresults\"  style=\"display: block\">\n            <div   id="ddgt5teyf9"    class=\"autocalc-fields-odds\">\n                <div   id="ddgt5teyf9"    class=\"margin-calc calc-field\">\n                    <div   id="ddgt5teyf9"    class=\"calc-title\">Fractional Odds:<\/div>\n                    <span class=\"margin-calc-answer calc-answer\"> <div class=\"first-field-box convert-to-fractional\" id=\"fractional\">0<\/div><\/span>\n                <\/div>\n                <div   id="ddgt5teyf9"    class=\"payout-calc calc-field\">\n                    <div   id="ddgt5teyf9"    class=\"calc-title\">American Odds:<\/div>\n                    <span class=\"payout-calc-answer calc-answer\"><div class=\"second-field-box convert-to-american\" id=\"american\">0<\/div><\/span>\n                <\/div>\n            <\/div>\n            <div   id="ddgt5teyf9"    class=\"payout-calc calc-field\" style=\"border-radius: 2px; background: #203342; text-align: center; width: 100%; margin-top: 5px;\">\n                <div   id="ddgt5teyf9"    class=\"calc-title\">Implied Probability<\/div>\n                <span class=\"payout-calc-answer calc-answer probability\"><div id=\"probability\">00.00%<\/div><\/span>\n            <\/div>\n            <div   id="ddgt5teyf9"    class=\"odds-clear-all\"><span class=\"odds-clear\">RESET<\/span><\/div>\n        <\/div>\n        <div id=\"convert-to-fractional\" class=\"equalHMR-oddscalc oddsCalc-eq tabcontentresults\" style=\"display: none\">\n            <div   id="ddgt5teyf9"    class=\"autocalc-fields-odds\">\n                <div   id="ddgt5teyf9"    class=\"margin-calc calc-field\">\n                    <div   id="ddgt5teyf9"    class=\"calc-title\">Decimal Odds:<\/div>\n                    <span class=\"margin-calc-answer calc-answer\"><div class=\"first-field-box convert-to-fractional\" id=\"fractional\">0<\/div><\/span>\n                <\/div>\n                <div   id="ddgt5teyf9"    class=\"payout-calc calc-field\">\n                    <div   id="ddgt5teyf9"    class=\"calc-title\">American Odds:<\/div>\n                    <span class=\"payout-calc-answer calc-answer\"><div class=\"second-field-box convert-to-american\" id=\"american\">0<\/div><\/span>\n                <\/div>\n            <\/div>\n            <div   id="ddgt5teyf9"    class=\"payout-calc calc-field\" style=\"border-radius: 2px; background: #203342; text-align: center;width: 100%; margin-top: 5px;\">\n                <div   id="ddgt5teyf9"    class=\"calc-title\">Implied Probability<\/div>\n                <span class=\"payout-calc-answer calc-answer probability\"><div id=\"probability\">00.00%<\/div><\/span>\n            <\/div>\n            <div   id="ddgt5teyf9"    class=\"odds-clear-all\"><span class=\"odds-clear\">RESET<\/span><\/div>\n        <\/div>\n        <div id=\"convert-to-american\" class=\"equalHMR-oddscalc oddsCalc-eq tabcontentresults\" style=\"display: none\">\n            <div   id="ddgt5teyf9"    class=\"autocalc-fields-odds\">\n                <div   id="ddgt5teyf9"    class=\"margin-calc calc-field\">\n                    <div   id="ddgt5teyf9"    class=\"calc-title\">Decimal Odds:<\/div>\n                    <span class=\"margin-calc-answer calc-answer\"> <div class=\"first-field-box convert-to-fractional\" id=\"fractional\">0<\/div><\/span>\n                <\/div>\n                <div   id="ddgt5teyf9"    class=\"payout-calc calc-field\">\n                    <div   id="ddgt5teyf9"    class=\"calc-title\">Fractional Odds:<\/div>\n                    <span class=\"payout-calc-answer calc-answer\"><div class=\"second-field-box convert-to-american\" id=\"american\">0<\/div><\/span>\n                <\/div>\n            <\/div>\n            <div   id="ddgt5teyf9"    class=\"payout-calc calc-field\" style=\"border-radius: 2px; background: #203342; text-align: center; width: 100%; margin-top: 5px;\">\n                <div   id="ddgt5teyf9"    class=\"calc-title\">Implied Probability<\/div>\n                <span class=\"payout-calc-answer calc-answer probability\"><div id=\"probability\">00.00%<\/div><\/span>\n            <\/div>\n            <div   id="ddgt5teyf9"    class=\"odds-clear-all\"><span class=\"odds-clear\">RESET<\/span><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\n\n<h3 id=\"how-to-use-the-punters-page-odds-calculator\">\n        How To Use The Punters Page Odds Calculator\n    <\/h3>\n    \n\n<div   id="ddgt5teyf9"    class=\"list-block\">\n    <div   id="ddgt5teyf9"    class=\"container\">\n        <ul class=\"list-unstyled teal-bullet\">\n                        <li class=\"list-item\">\n                <div   id="ddgt5teyf9"    class=\"list-item__wrapper\">\n                                        <div   id="ddgt5teyf9"    class=\"list-item__icon\">\n                        <img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/themes\/thepunterspage\/public\/images\/list-icon--teal-bullet.c6326b.svg\" alt=\"List Icon\" loading=\"lazy\">\n                    <\/div>\n                                        <div   id="ddgt5teyf9"    class=\"list-item__text\">\n                                                <p>Choose your preferred odds format (Decimal, Fractional or American)<\/p>\n                                            <\/div>\n                <\/div>\n            <\/li>\n                        <li class=\"list-item\">\n                <div   id="ddgt5teyf9"    class=\"list-item__wrapper\">\n                                        <div   id="ddgt5teyf9"    class=\"list-item__icon\">\n                        <img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/themes\/thepunterspage\/public\/images\/list-icon--teal-bullet.c6326b.svg\" alt=\"List Icon\" loading=\"lazy\">\n                    <\/div>\n                                        <div   id="ddgt5teyf9"    class=\"list-item__text\">\n                                                <p>Insert the odds you wish to convert in the white box in the top right of the calculator.<\/p>\n                                            <\/div>\n                <\/div>\n            <\/li>\n                        <li class=\"list-item\">\n                <div   id="ddgt5teyf9"    class=\"list-item__wrapper\">\n                                        <div   id="ddgt5teyf9"    class=\"list-item__icon\">\n                        <img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/themes\/thepunterspage\/public\/images\/list-icon--teal-bullet.c6326b.svg\" alt=\"List Icon\" loading=\"lazy\">\n                    <\/div>\n                                        <div   id="ddgt5teyf9"    class=\"list-item__text\">\n                                                <p>The odds conversion for the other two types of odds together with the <strong>implied probability<\/strong> will be shown automatically.<\/p>\n                                            <\/div>\n                <\/div>\n            <\/li>\n                    <\/ul>\n    <\/div>\n<\/div>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Should you wish to use the <a href=\"https:\/\/panalo567bet.com\/odds-calculator\/\"><strong>Odds Calculator<\/strong><\/a> for a new conversion, simply tap the RESET button in green.<\/p>\n\n<h2 id=\"implied-probability-betting-explained\" class=\"jump-link-heading\"  >What is Implied Probability?<\/h2>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Every time the bookies working behind the various betting sites creates odds on an event, they first <strong>calculate the probability <\/strong>and decide how likely an event is. <strong>This is called \u201ccapping.\u201d <\/strong>They have various strategies to do this, including <strong>reviewing statistics, tactical analysis or simply copying odds<\/strong> from other bookmakers. Then they create odds based on these <strong>estimated probabilities. <\/strong>As you can see, every set of odds implies a certain estimated probability. The probability behind the odds is what we call implied probability.<\/p>\n\n<h3 id=\"example-of-implied-probability\">\n        Example of Implied Probability\n    <\/h3>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    For example, a bet with odds of 3\/1 (4.0) has an implied probability of 25%. This percentage means the&nbsp;bet is expected to win one in every four attempts.<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    If you believe that the bet should be winning one if every three attempts (which would imply odds of 2\/1), then the odds of 3\/1 represents&nbsp;<strong>value<\/strong>.<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Furthermore, by backing more \u2018value bets', you also have a better chance of increasing your&nbsp;<a href=\"https:\/\/panalo567bet.com\/return-on-investment\/\"><strong>Return on Investment<\/strong><\/a>.<\/p>\n\n<h2 id=\"implied-probability\" class=\"jump-link-heading\"  >Implied Probability<\/h2>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    <strong>The implied probability formula<\/strong> is very simple; so much so that even a high school student could do it.<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    The following formula shows how to convert the odds ratio to probability:<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    <strong>Implied Probability = [Denominator \/ (Denominator + Numerator)]x 100%<\/strong><\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    For example for odds of 2\/1, you would do the following maths:<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    1 \u00f7 (1 + 2) * 100 = 33.3%<\/p>\n\n<h2 id=\"implied-probability-chart\" class=\"jump-link-heading\"  >Implied Probability Chart<\/h2>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    We have also listed below some of the most <strong>popular odds<\/strong> along with their <strong>implied probability <\/strong>in&nbsp;this handy chart:<\/p>\n\n<div   id="ddgt5teyf9"    class=\"container\">\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>\/<\/strong><\/td><td><strong>.<\/strong><\/td><td><strong>IP<\/strong><\/td><\/tr><tr><td>1\/5<\/td><td>1.20<\/td><td>83.3%<\/td><\/tr><tr><td>1\/4<\/td><td>1.25<\/td><td>80%<\/td><\/tr><tr><td>1\/2<\/td><td>1.50<\/td><td>66.7%<\/td><\/tr><tr><td>3\/4<\/td><td>1.75<\/td><td>57.1%<\/td><\/tr><tr><td>1\/1<\/td><td>2.00<\/td><td>50%<\/td><\/tr><tr><td>6\/4<\/td><td>2.50<\/td><td>40%<\/td><\/tr><tr><td>2\/1<\/td><td>3.00<\/td><td>33.3%<\/td><\/tr><tr><td>3\/1<\/td><td>4.00<\/td><td>25%<\/td><\/tr><tr><td>5\/1<\/td><td>6.00<\/td><td>16.7%<\/td><\/tr><tr><td>10\/1<\/td><td>11.00<\/td><td>9.1%<\/td><\/tr><tr><td>20\/1<\/td><td>21.00<\/td><td>4.8%<\/td><\/tr><tr><td>50\/1<\/td><td>51.00<\/td><td>2%<\/td><\/tr><tr><td>100\/1<\/td><td>101.00<\/td><td>1%<\/td><\/tr><tr><td>500\/1<\/td><td>501.00<\/td><td>0.2%<\/td><\/tr><tr><td>1000\/1<\/td><td>1001.00<\/td><td>0.1%<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n<h2 id=\"calculate-implied-probability\" class=\"jump-link-heading\"  >How to Calculate Implied Probability from Odds<\/h2>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Let\u2019s look at how to <strong>calculate implied probability <\/strong>from <strong>Fractional, Decimal, and American\/Moneyline odds<\/strong>. Most sites let you choose between the three odd types.<\/p>\n\n<div   id="ddgt5teyf9"    class=\"mb-4\">\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"595\" height=\"98\" src=\"https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/Leicester-v-Aston-Villa-Fractional-Odds.jpg\" alt=\"Leicester v Aston Villa Fractional Odds\" class=\"wp-image-74926\" srcset=\"https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/Leicester-v-Aston-Villa-Fractional-Odds.jpg 595w, https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/Leicester-v-Aston-Villa-Fractional-Odds-300x49.jpg 300w\" sizes=\"(max-width: 595px) 100vw, 595px\" \/><\/figure>\n<\/div>\n\n<h3 id=\"decimal-odds-to-implied-probability\">\n        Decimal Odds to Implied Probability\n    <\/h3>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Decimal Odds are the<strong> easiest odds to understand,<\/strong>&nbsp;and make it simple to calculate your potential winnings. You will find these odds on <strong>all betting sites<\/strong> and they are <strong>the most popular odds globally and in Europe.<\/strong><\/p>\n\n<div   id="ddgt5teyf9"    class=\"mb-4\">\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"618\" height=\"260\" src=\"https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/Decimal-Odds.jpg\" alt=\"Decimal Odds for Leicester vs Aston Villa \" class=\"wp-image-74927\" srcset=\"https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/Decimal-Odds.jpg 618w, https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/Decimal-Odds-300x126.jpg 300w\" sizes=\"(max-width: 618px) 100vw, 618px\" \/><\/figure>\n<\/div>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    In this example, Leicester is a 1.4 favourite to win the match. Let\u2019s calculate <strong>the implied probability from those odds.<\/strong><\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    The formula to convert Decimal Odds is:<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    <strong>Implied Probability = (1\/ decimal odds) x 100%<\/strong><\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Fill in the odds from the example and we get:<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    <strong>Implied Probability = (1\/ 1.4) x 100%= 71.43%<\/strong><\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    That means the bookies estimate a Leicester win to be very likely, at a probability of <strong>71.43%.<\/strong><\/p>\n\n<h3 id=\"fractional-odds-to-implied-probability\">\n        Fractional Odds to Implied Probability\n    <\/h3>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Fractional Odds are the most<strong> commonly used odds in the UK.<\/strong> While they are slightly more complex to understand than decimal odds, they easily show you how much you can make depending on your bet size. <strong>The denominator (the number on the right) shows you how much you have to bet to win the numerator (the number on the right). <\/strong>For example, bet 1 unit to win 4 units.<\/p>\n\n<div   id="ddgt5teyf9"    class=\"mb-4\">\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"618\" height=\"265\" src=\"https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/Fractional-Odds.jpg\" alt=\"Fractional Odds Leicester v Aston Villa\" class=\"wp-image-74928\" srcset=\"https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/Fractional-Odds.jpg 618w, https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/Fractional-Odds-300x129.jpg 300w\" sizes=\"(max-width: 618px) 100vw, 618px\" \/><\/figure>\n<\/div>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Since we have already calculated this probability for a Leicester win, let\u2019s look at the implied probability for a draw.<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    The formula to convert fractional odds is:<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    <strong>Implied Probability = [Denominator \/ (Denominator + Numerator)] x 100%<\/strong><\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Fill in the odds from the example and we get:<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    <strong>Implied Probability = [1\/ (1+4)] x 100% = 1\/5 x 100% = 20%<\/strong><\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    That means the bookies estimate a draw to be unlikely, at a probability of <strong>20%.<\/strong><\/p>\n\n<h3 id=\"american-odds-to-implied-probability\">\n        American Odds to Implied Probability\n    <\/h3>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    <strong>American Odds (also known as Moneyline Odds) <\/strong>are the<strong> most commonly used odds in the US, <\/strong>Mexico and Canada<strong>. <\/strong>They will either show you <strong>how many units you need to bet to win 100 units (favourites)<\/strong>, or <strong>what your return on 100 units will be (underdogs). <\/strong>These show a minus for the favourite and a plus for the underdog. Since Betfair does not offer American odds, let\u2019s take an example from William Hill instead.<\/p>\n\n<div   id="ddgt5teyf9"    class=\"mb-4\">\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"730\" height=\"85\" src=\"https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/American-Odds.jpg\" alt=\"American Odds Leicester vs Aston Villa\" class=\"wp-image-74929\" srcset=\"https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/American-Odds.jpg 730w, https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/American-Odds-300x35.jpg 300w\" sizes=\"(max-width: 730px) 100vw, 730px\" \/><\/figure>\n<\/div>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    In the example below:<\/p>\n\n<div   id="ddgt5teyf9"    class=\"list-block\">\n    <div   id="ddgt5teyf9"    class=\"container\">\n        <ul class=\"list-unstyled teal-bullet\">\n                        <li class=\"list-item\">\n                <div   id="ddgt5teyf9"    class=\"list-item__wrapper\">\n                                        <div   id="ddgt5teyf9"    class=\"list-item__icon\">\n                        <img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/themes\/thepunterspage\/public\/images\/list-icon--teal-bullet.c6326b.svg\" alt=\"List Icon\" loading=\"lazy\">\n                    <\/div>\n                                        <div   id="ddgt5teyf9"    class=\"list-item__text\">\n                                                <p>You need to bet \u00a3238 to win an extra \u00a3100 if you bet on a home win for Leicester.<\/p>\n                                            <\/div>\n                <\/div>\n            <\/li>\n                        <li class=\"list-item\">\n                <div   id="ddgt5teyf9"    class=\"list-item__wrapper\">\n                                        <div   id="ddgt5teyf9"    class=\"list-item__icon\">\n                        <img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/themes\/thepunterspage\/public\/images\/list-icon--teal-bullet.c6326b.svg\" alt=\"List Icon\" loading=\"lazy\">\n                    <\/div>\n                                        <div   id="ddgt5teyf9"    class=\"list-item__text\">\n                                                <p>You need to bet \u00a3100 to win an extra \u00a3650 if you bet on an away win for Aston Villa.<\/p>\n                                            <\/div>\n                <\/div>\n            <\/li>\n                    <\/ul>\n    <\/div>\n<\/div>\n\n<h4 id=\"positive-american-odds\">\n        Positive American Odds\n    <\/h4>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Let\u2019s calculate the implied probability behind an Aston Villa (+650) win. To do this, we will use the following formula. <strong>Note that there are two formulas, depending whether the odds are positive or negative.<\/strong><\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    The formula to convert positive American odds is:<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    <strong>Implied Probability =100 \/ (positive American odds + 100) x 100%<\/strong><\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Fill in the odds from the example and we get:<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    <strong>Implied Probability =100 \/ (650 + 100) x 100% = 100\/750 x 100% = 13.3%<\/strong><\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    That means the bookies estimate an Aston Villa to be very unlikely, at a probability of <strong>13.3%.<\/strong><\/p>\n\n<h4 id=\"negative-american-odds\">\n        Negative American Odds\n    <\/h4>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Let\u2019s also calculate the odds for negative American odds. &nbsp;We will do this for a Leicester win (-238).<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    The formula to convert negative American odds is:<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    <strong>Implied Probability = [Negative American odds \/ (Negative American odds + 100)]x 100<\/strong><\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Fill in the odds from the example and we get:<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    <strong>Implied Probability = [238\/ (238+100)] x 100% = 238\/338 x 100% = 70.4%<\/strong><\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    That means the bookies estimate a Leicester to win at a probability of 70.4<strong>%.<\/strong><\/p>\n\n<div   id="ddgt5teyf9"    class=\"mb-4\">\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"349\" height=\"183\" src=\"https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/William-Hill-Odds.jpg\" alt=\"William Hill showing options for Fractional, Decimal or American Odds\" class=\"wp-image-74930\" srcset=\"https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/William-Hill-Odds.jpg 349w, https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/William-Hill-Odds-300x157.jpg 300w\" sizes=\"(max-width: 349px) 100vw, 349px\" \/><\/figure>\n<\/div>\n\n<h2 id=\"implied-probability-versus-real-probability\" class=\"jump-link-heading\"  >Implied Probability versus Real Probability<\/h2>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    In our example, we can see that both <a href=\"https:\/\/panalo567bet.com\/betfair-review\/\"><strong>Betfair<\/strong><\/a> and <a href=\"https:\/\/panalo567bet.com\/william-hill-review\/\"><strong>William Hill<\/strong><\/a> actually offer very beneficial odds<strong>. <\/strong>How can we tell? Let\u2019s add up the implied odds from the three match outcomes: home win, draw or away win (2\/5 + 4\/1 + 13\/2). We have already calculated them above.<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    <strong>70.4% +20% +13.3% = 103.7%<\/strong><\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    That brings the total likelihood of all three events at slightly more than 100%, giving both bookies a margin of just 3.7% on this event. This proves that these odds are actually very<strong>&nbsp;juicy<\/strong> indeed, placing both William Hill and Betfair among of the best bookmakers around!<strong> Juicy odds mean odds with low Vigorish<\/strong>, which is what you should look for in any bookmaker.<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Often, <strong>bookies<\/strong> will set their <strong>odds much lower than what their actual estimation of them is.<\/strong> In other words, the implied probability is more than the real probability. This gives them <strong>a higher profit margin<\/strong>, as the Implied Probability adds up to much more than 100%. This profit is also called <strong><a href=\"https:\/\/panalo567bet.com\/how-do-bookmakers-make-money\/#overround-vig-juice\">Vigorish<\/a>, <\/strong>or house edge.<\/p>\n\n<h2 id=\"how-to-use-implied-probability-in-your-betting-strategy\" class=\"jump-link-heading\"  >How to Use Implied Probability in Your Betting strategy<\/h2>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    If you take yourself seriously as a bettor, you will have a sound betting strategy, of which the number one aspect should be<strong>&nbsp;looking for value in bets<\/strong>.<\/p>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Use this strategy to beat the bookies:<\/p>\n\n<div   id="ddgt5teyf9"    class=\"list-block\">\n    <div   id="ddgt5teyf9"    class=\"container\">\n        <ul class=\"list-unstyled teal-bullet\">\n                        <li class=\"list-item\">\n                <div   id="ddgt5teyf9"    class=\"list-item__wrapper\">\n                                        <div   id="ddgt5teyf9"    class=\"list-item__icon\">\n                        <img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/themes\/thepunterspage\/public\/images\/list-icon--teal-bullet.c6326b.svg\" alt=\"List Icon\" loading=\"lazy\">\n                    <\/div>\n                                        <div   id="ddgt5teyf9"    class=\"list-item__text\">\n                                                <p><strong>First, decide how likely you estimate an event.<\/strong>You can do this by using statistics, charts, tactical analysis or any other method, depending on your knowledge of the sport.<\/p>\n                                            <\/div>\n                <\/div>\n            <\/li>\n                        <li class=\"list-item\">\n                <div   id="ddgt5teyf9"    class=\"list-item__wrapper\">\n                                        <div   id="ddgt5teyf9"    class=\"list-item__icon\">\n                        <img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/themes\/thepunterspage\/public\/images\/list-icon--teal-bullet.c6326b.svg\" alt=\"List Icon\" loading=\"lazy\">\n                    <\/div>\n                                        <div   id="ddgt5teyf9"    class=\"list-item__text\">\n                                                <p>Next, <strong>see how likely the bookies see your outcome.<\/strong><\/p>\n                                            <\/div>\n                <\/div>\n            <\/li>\n                        <li class=\"list-item\">\n                <div   id="ddgt5teyf9"    class=\"list-item__wrapper\">\n                                        <div   id="ddgt5teyf9"    class=\"list-item__icon\">\n                        <img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/themes\/thepunterspage\/public\/images\/list-icon--teal-bullet.c6326b.svg\" alt=\"List Icon\" loading=\"lazy\">\n                    <\/div>\n                                        <div   id="ddgt5teyf9"    class=\"list-item__text\">\n                                                <p>If you think <strong>an event is more likely than what bookies are implying with their odds<\/strong>, you may have found a value bet.<\/p>\n                                            <\/div>\n                <\/div>\n            <\/li>\n                        <li class=\"list-item\">\n                <div   id="ddgt5teyf9"    class=\"list-item__wrapper\">\n                                        <div   id="ddgt5teyf9"    class=\"list-item__icon\">\n                        <img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/themes\/thepunterspage\/public\/images\/list-icon--teal-bullet.c6326b.svg\" alt=\"List Icon\" loading=\"lazy\">\n                    <\/div>\n                                        <div   id="ddgt5teyf9"    class=\"list-item__text\">\n                                                <p>Betting on real value bets consistently is how you ultimately make a profit.<\/p>\n                                            <\/div>\n                <\/div>\n            <\/li>\n                    <\/ul>\n    <\/div>\n<\/div>\n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Check out our article on <strong><a href=\"https:\/\/panalo567bet.com\/value-betting\/\">value betting in sports<\/a><\/strong> for further in-depth guidance on the subject!<\/p>\n\n<h2 id=\"other-common-betting-terms\" class=\"jump-link-heading\"  >Other Common Betting Terms<\/h2>\n    \n\n<div   id="ddgt5teyf9"    class=\"cluster-images wp-block-wis-blocks-image-cluster\"><div   id="ddgt5teyf9"    class=\"image-grid\"><div   id="ddgt5teyf9"    class=\"image-item boxImageCluster \"><a href=\"https:\/\/panalo567bet.com\/spread-betting-guide\/\"><img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/uploads\/2023\/07\/400x250_TPP_football-2.png\" alt=\"Football image cluster\" loading=\"lazy\" \/><div   id="ddgt5teyf9"    class=\"spacingptext\"><p>Sports spread betting UK<\/p><\/div><\/a><\/div><div   id="ddgt5teyf9"    class=\"image-item boxImageCluster \"><a href=\"https:\/\/panalo567bet.com\/to-win-both-halves-betting\/\"><img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/uploads\/2023\/07\/400x250_TPP_game_dark.png\" alt=\"Game image cluster\" loading=\"lazy\" \/><div   id="ddgt5teyf9"    class=\"spacingptext\"><p>What does win both halves mean<\/p><\/div><\/a><\/div><div   id="ddgt5teyf9"    class=\"image-item boxImageCluster \"><a href=\"https:\/\/panalo567bet.com\/cash-out-betting-explained\/\"><img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/uploads\/2023\/07\/400x250_TPP_winner.png\" alt=\"Trophy image cluster\" loading=\"lazy\" \/><div   id="ddgt5teyf9"    class=\"spacingptext\"><p>Cash out betting sites<\/p><\/div><\/a><\/div><div   id="ddgt5teyf9"    class=\"image-item boxImageCluster \"><a href=\"https:\/\/panalo567bet.com\/ante-post-betting-guide\/\"><img decoding=\"async\" src=\"https:\/\/panalo567bet.com\/app\/uploads\/2023\/07\/400x250_TPP_football.png\" alt=\"Football image cluster\" loading=\"lazy\" \/><div   id="ddgt5teyf9"    class=\"spacingptext\"><p>What does antepost mean<\/p><\/div><\/a><\/div><\/div><\/div>\n\n<h2 id=\"thepunterspage-final-say\" class=\"jump-link-heading\"  >ThePuntersPage Final Say<\/h2>\n    \n\n<p class=\"paragraph-block m-0 has-text-align-left container mx-auto\" >\n    Any sound betting strategy should involve calculating implied probability from your bookie's odds. It is also an essential part of looking for value, and recommended for anyone who wants to take sports betting seriously.<\/p>\n\n<div   id="ddgt5teyf9"    class=\"wp-block-wis-blocks-faqs\">\n    <div   id="ddgt5teyf9"    class=\"faq\" itemscope itemtype=\"https:\/\/schema.org\/FAQPage\">\n        <div   id="ddgt5teyf9"    class=\"faq-wrapper\">\n            <h2 id=\"implied-probability-faqs\" class=\"jump-link-heading\"  itemprop=\"name\" >Implied Probability FAQs<\/h2>\n            <div   id="ddgt5teyf9"    class=\"mb-0 w-100\">\n                                                <div   id="ddgt5teyf9"    class=\"faq-accordion\">\n                    <div   id="ddgt5teyf9"    itemprop=\"mainEntity\" itemscope itemtype=\"https:\/\/schema.org\/Question\">\n                        <input class=\"d-none\" type=\"checkbox\" id=\"673a5b5c7028a\" \/>\n                        <div   id="ddgt5teyf9"    class=\"mb-2\">\n                            <label class=\"btn justify-content-start w-100 text-white px-3 py-3\"\n                                for=\"673a5b5c7028a\">\n                                <div   id="ddgt5teyf9"    class=\"text-start lh-base\" itemprop=\"name\">\n                                    <div   id="ddgt5teyf9"    class=\"faq-item__question\"><strong>How do you calculate odds from implied probability?<\/strong><\/div>\n                                <\/div>\n                                <i class=\"icon\" aria-hidden=\"true\"><\/i>\n                            <\/label>\n                            <div   id="ddgt5teyf9"    itemprop=\"acceptedAnswer\" itemscope itemtype=\"https:\/\/schema.org\/Answer\">\n                                <span itemprop=\"text\">\n                                    <div   id="ddgt5teyf9"    class=\"fs-16 px-3 lh-base\">\n                                        <p class=\"faq-item__answer py-3\">To calculate odds from implied probability, use this formula: <strong>Odds =1\/ (1-Implied probability)<\/strong> For example, for an implied probability of 25% you would get the following odds: <strong>Odds = 1\/ (1-0.75) = 1\/0.25 = 4.0<\/strong><\/p>\n                                    <\/div>\n                                <\/span>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/div>\n                                                <div   id="ddgt5teyf9"    class=\"faq-accordion\">\n                    <div   id="ddgt5teyf9"    itemprop=\"mainEntity\" itemscope itemtype=\"https:\/\/schema.org\/Question\">\n                        <input class=\"d-none\" type=\"checkbox\" id=\"673a5b5c7028f\" \/>\n                        <div   id="ddgt5teyf9"    class=\"mb-2\">\n                            <label class=\"btn justify-content-start w-100 text-white px-3 py-3\"\n                                for=\"673a5b5c7028f\">\n                                <div   id="ddgt5teyf9"    class=\"text-start lh-base\" itemprop=\"name\">\n                                    <div   id="ddgt5teyf9"    class=\"faq-item__question\"><strong>How do you find the percentage of chance?<\/strong><\/div>\n                                <\/div>\n                                <i class=\"icon\" aria-hidden=\"true\"><\/i>\n                            <\/label>\n                            <div   id="ddgt5teyf9"    itemprop=\"acceptedAnswer\" itemscope itemtype=\"https:\/\/schema.org\/Answer\">\n                                <span itemprop=\"text\">\n                                    <div   id="ddgt5teyf9"    class=\"fs-16 px-3 lh-base\">\n                                        <p class=\"faq-item__answer py-3\">To find the percentage of chance, use this formula: <strong>Percentage = [Denominator \/ (Denominator + Numerator)] x 100<\/strong> For example, for a chance of 3\/1, you would do the following maths: <strong>Percentage = 1 \u00f7 (1 + 3) x 100 = 25%<\/strong><\/p>\n                                    <\/div>\n                                <\/span>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/div>\n                                                <div   id="ddgt5teyf9"    class=\"faq-accordion\">\n                    <div   id="ddgt5teyf9"    itemprop=\"mainEntity\" itemscope itemtype=\"https:\/\/schema.org\/Question\">\n                        <input class=\"d-none\" type=\"checkbox\" id=\"673a5b5c70292\" \/>\n                        <div   id="ddgt5teyf9"    class=\"mb-2\">\n                            <label class=\"btn justify-content-start w-100 text-white px-3 py-3\"\n                                for=\"673a5b5c70292\">\n                                <div   id="ddgt5teyf9"    class=\"text-start lh-base\" itemprop=\"name\">\n                                    <div   id="ddgt5teyf9"    class=\"faq-item__question\"><strong>How do you convert odds to percentage?<\/strong><\/div>\n                                <\/div>\n                                <i class=\"icon\" aria-hidden=\"true\"><\/i>\n                            <\/label>\n                            <div   id="ddgt5teyf9"    itemprop=\"acceptedAnswer\" itemscope itemtype=\"https:\/\/schema.org\/Answer\">\n                                <span itemprop=\"text\">\n                                    <div   id="ddgt5teyf9"    class=\"fs-16 px-3 lh-base\">\n                                        <p class=\"faq-item__answer py-3\">To convert odds to percentage, use this formula: <strong>Percentage = [Denominator \/ (Denominator + Numerator)] x 100<\/strong> For example, for odds of 2\/1, you would do the following maths: <strong>Percentage = 1 \u00f7 (1 + 2) x 100 = 33.3%<\/strong><\/p>\n                                    <\/div>\n                                <\/span>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/div>\n                            <\/div>\n        <\/div>\n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>When betting on sports, you can run into several types of odds such as are Fractional, Decimal, and American odds. While figuring out how much money you win from your bet should be easy enough, it is important to your betting strategy to know at what likelihood, in terms of percentages, bookies are estimating a &hellip; <a href=\"https:\/\/panalo567bet.com\/implied-probability\/\">Continued<\/a><\/p>\n","protected":false},"author":77,"featured_media":74924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30500,579,628],"tags":[],"acf":[],"yoast_head":"\n<title>Implied probability \u2013 Betting Math Made Simple (2024 Update)<\/title>\n<meta name=\"description\" content=\"Betting math does not need to be hard! \u2705Use our Implied Probability Odds Calculator and chart to improve your overall betting strategy.\u2705\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panalo567bet.com\/implied-probability\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Implied probability \u2013 Betting Math Made Simple (2024 Update)\" \/>\n<meta property=\"og:description\" content=\"Betting math does not need to be hard! \u2705Use our Implied Probability Odds Calculator and chart to improve your overall betting strategy.\u2705\" \/>\n<meta property=\"og:url\" content=\"https:\/\/panalo567bet.com\/implied-probability\/\" \/>\n<meta property=\"og:site_name\" content=\"panalo567bet.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-11T00:00:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T09:51:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/Implied-Probability.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matteo Ebejer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Teo21_97\" \/>\n<meta name=\"twitter:site\" content=\"@thepunterspage\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matteo Ebejer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n","yoast_head_json":{"title":"Implied probability \u2013 Betting Math Made Simple (2024 Update)","description":"Betting math does not need to be hard! \u2705Use our Implied Probability Odds Calculator and chart to improve your overall betting strategy.\u2705","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/panalo567bet.com\/implied-probability\/","og_locale":"en_GB","og_type":"article","og_title":"Implied probability \u2013 Betting Math Made Simple (2024 Update)","og_description":"Betting math does not need to be hard! \u2705Use our Implied Probability Odds Calculator and chart to improve your overall betting strategy.\u2705","og_url":"https:\/\/panalo567bet.com\/implied-probability\/","og_site_name":"panalo567bet.com","article_published_time":"2020-03-11T00:00:27+00:00","article_modified_time":"2024-06-11T09:51:57+00:00","og_image":[{"width":750,"height":500,"url":"https:\/\/panalo567bet.com\/app\/uploads\/2019\/01\/Implied-Probability.jpg","type":"image\/jpeg"}],"author":"Matteo Ebejer","twitter_card":"summary_large_image","twitter_creator":"@Teo21_97","twitter_site":"@thepunterspage","twitter_misc":{"Written by":"Matteo Ebejer","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/panalo567bet.com\/implied-probability\/","url":"https:\/\/panalo567bet.com\/implied-probability\/","name":"Implied probability \u2013 Betting Math Made Simple (2024 Update)","isPartOf":{"@id":"https:\/\/panalo567bet.com\/#website"},"datePublished":"2020-03-11T00:00:27+00:00","dateModified":"2024-06-11T09:51:57+00:00","author":{"@id":"https:\/\/panalo567bet.com\/#\/schema\/person\/9809ca10bce418df277bd74a489b5055"},"description":"Betting math does not need to be hard! \u2705Use our Implied Probability Odds Calculator and chart to improve your overall betting strategy.\u2705","breadcrumb":{"@id":"https:\/\/panalo567bet.com\/implied-probability\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/panalo567bet.com\/implied-probability\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/panalo567bet.com\/implied-probability\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/panalo567bet.com\/"},{"@type":"ListItem","position":2,"name":"Strategy","item":"https:\/\/panalo567bet.com\/category\/strategy\/"},{"@type":"ListItem","position":3,"name":"Implied Probability &#8211; The Ultimate Guide ([getYear] Update)"}]},{"@type":"WebSite","@id":"https:\/\/panalo567bet.com\/#website","url":"https:\/\/panalo567bet.com\/","name":"panalo567bet.com","description":"Your Go-To Site For All Things Betting","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/panalo567bet.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/panalo567bet.com\/#\/schema\/person\/9809ca10bce418df277bd74a489b5055","name":"Matteo Ebejer","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/panalo567bet.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/44c6f870c3e040d0dc95fb97d8ae8c54?s=96&d=wp_user_avatar&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/44c6f870c3e040d0dc95fb97d8ae8c54?s=96&d=wp_user_avatar&r=g","caption":"Matteo Ebejer"},"description":"Hi, I'm Matteo, a writer who's passionate about all things sports. The typical weekend for me revolves around being glued to all things football on TV, ruining my Fantasy Premier League team, and getting off my lazy butt for a run.","sameAs":["https:\/\/twitter.com\/Teo21_97"],"url":"https:\/\/panalo567bet.com\/author\/matteo\/"}]}},"_links":{"self":[{"href":"https:\/\/panalo567bet.com\/wp-json\/wp\/v2\/posts\/13166"}],"collection":[{"href":"https:\/\/panalo567bet.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/panalo567bet.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/panalo567bet.com\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/panalo567bet.com\/wp-json\/wp\/v2\/comments?post=13166"}],"version-history":[{"count":5,"href":"https:\/\/panalo567bet.com\/wp-json\/wp\/v2\/posts\/13166\/revisions"}],"predecessor-version":[{"id":182643,"href":"https:\/\/panalo567bet.com\/wp-json\/wp\/v2\/posts\/13166\/revisions\/182643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/panalo567bet.com\/wp-json\/wp\/v2\/media\/74924"}],"wp:attachment":[{"href":"https:\/\/panalo567bet.com\/wp-json\/wp\/v2\/media?parent=13166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/panalo567bet.com\/wp-json\/wp\/v2\/categories?post=13166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/panalo567bet.com\/wp-json\/wp\/v2\/tags?post=13166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}