Implied Probability is how often a stake must win on average to break even over the end of the day. When betting, if we win half our bets and loses half our bets we’d net even.
Therefore the implied probability is 50%. If the bookmaker has given us 2 to 1 and we lose twice and win once we are even.
All bets have an implied probability and despite the odds format. An expert punter calculates the probabilities a team goes to win, then examines the implied probability offered by the bookie. Having said that, if we reason well, the Implied Probability may be a probability that the event will happen, the bookmaker when evaluating a match, offering odds, provides a forecast percentage that these tools are able to calculate.
In the American odds format (known as Moneyline Odds) the odds offer either a negative or positive figure. When offers the positive this is how much profit will be paid on a $100 bet.
When the chances are negative this is what proportion you would like to bet to win $100.
Ex. if -175 risk of $175 to win $100.
Decimal Odds Explained
In the Decimal odds format (known as European Odds and supported by almost all bookmakers) the odds show how much you’ll get for each 1 unit staked.
Ex, if you bet €1 at odds 1,75 and win you will get back €1,75!
The Fractional Odds (known as UK Odds) are a fraction that shows how much you stand to win on a bet. The first number is the payout and the second number is the bet.
Ex, 5/2 means get £5 profit for each £2 staked.
Calculate your profit on a win just do out the fraction and multiple by the stake.
Ex, 12/5 is 12 divided by 5, which equals 2,40; If you bet £50 on 12/5 you stand to profit £50*2,40=£100 if your bet wins.
In This odds format (known as HK Odds) works the same as Decimal Odds but does not include the bet.
Ex: when decimal odds are 1.75, Hong Kong Odds are 0.75, so when Decimal Odds are 3.25, Hong Kong Odds are 2.25.
These odds show the profit per unit staked and you also get back your stake.
These odds (known as Indo Odds) function the same as the American odds format except now the odds are based on $1,00 stakes and therefore use a decimal.
Ex: when Indonesian odds are -1.75 the American Odds are -175, so when they are +1.25 the American Odds are +125.
If the odds are positive: stake*odds = profit – If the odds are negative: stake: odds = profit!
this format put the odds in either a positive or negative format, but this time in reverse. If the odds are in the negative format then you are dealing with an underdog and when the odds are in the positive you are dealing with a favorite.
Ex: Malay odds shows 0.75 which means you need to risk 1 to win 0.75 profit
When the odds are negative this is how much you will need to bet to win 1.
Ex, Malay odds -0.500 which means risk 0.50 to win 1 profit.
How to use the winnings calculator?1. fill your bet amount
Congratulation now you see how much winnings from odd
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