22 Sin Ming Lane #06-76 Midview City Singapore 573969
+6593361596
jsypconsulting888@gmail.com

Forums

Deep Tech, Financial Markets, Fintech, Blockchain ICOs, ITSec, and High Value IT Projects

Notifications
Clear all

How to calculate implied probability in betting


(@admin)
Noble Member Admin
Joined: 5 years ago
Posts: 620
Topic starter  

Converting decimal odds to implied probability

To calculate the implied probability from decimal odds the equation is:

(1/ decimal odds) * 100 = implied probability

So to find out the probability of a Murray win would be:

(1 / 5.50) * 100 = 18.1%

Therefore, according to the decimal odds of 5.50, Andy Murray had an 18.1% chance of winning.

https://help.smarkets.com/hc/en-gb/articles/214058369-How-to-calculate-implied-probability-in-betting


   
Quote
Share: