What is Implied Probability?
Implied probability is the conversion of betting odds into a percentage. It represents the likelihood of an outcome occurring as suggested by the bookmaker's odds.
Practical Example:
Odds of 2.00 (+100) imply a 50% chance of winning.
Finding Value with Probability
The core of profitable betting is finding situations where your estimated True Probability is higher than the bookmaker's Implied Probability.
If you believe a team has a 60% chance to win, but the odds imply only a 50% chance (2.00 odds), that is a Positive Expected Value (+EV) bet.
Frequently Asked Questions
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