1. What is Implied Probability?

Implied probability converts betting odds into a percentage that represents how likely an outcome is according to the odds. It helps bettors assess value in soccer betting markets.

2. How Does the Calculator Work?

The calculator uses the implied probability formula:

Where:

• Decimal Odds — The betting odds in decimal format (e.g. 2.50 for 6/4 fractional odds)

Explanation: The formula shows the bookmaker's implied probability of an outcome occurring. Lower odds mean higher implied probability.

3. Importance in Soccer Betting

Details: Understanding implied probability helps soccer bettors identify value bets by comparing the bookmaker's probability with their own assessment of the true probability.

4. Using the Calculator

Tips: Enter decimal odds (must be 1.01 or higher). The calculator will show the implied probability as a percentage.

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between decimal and fractional odds?
A: Decimal odds represent total return per unit stake (2.50 returns $2.50 for $1 bet), while fractional odds show profit relative to stake (6/4 returns $1.50 profit for $1 bet).

Q2: How does implied probability relate to bookmaker margins?
A: Bookmakers adjust odds to build in a margin. The sum of implied probabilities for all outcomes will exceed 100% (typically 102-110% for soccer markets).

Q3: What's considered a "value bet" in soccer?
A: When your assessed probability is higher than the implied probability from the odds. For example, if you think a team has a 50% chance but odds imply 40%.

Q4: Can implied probability predict actual outcomes?
A: No, it only reflects the probability implied by the odds. Actual outcomes may differ significantly over the short term.

Q5: How accurate are bookmaker odds for soccer matches?
A: Generally quite accurate for major leagues, but less so for lower divisions or unusual markets where less information is available.