Enter the implied win probability percentage using the slider or form to see the equivalent American and Decimal sports betting odds. This calculator allows you to convert from a percentage to odds as well as odds to percentage.
Implied Win Probability Calculator: When and Why You Need It
There are many use cases for converting a win probability to odds using this win probability calculator:
- You are creating your own model that predicts a win percentage and want to see how that translates to odds
- You want to display a win probability in a format that is easy to understand from a betting perspective
- You want to set fair odds for a bet of your own
How to calculate odds from an implied win probability percentage?
To calculate odds from an implied probability, you take 1 / (Win Probability percentage). This will return decimal odds.
How to calculate an implied win probability percentage from odds?
To calculate an implied win probability percentage from odds, you must first convert the odds to decimal. Once you have decimal odds, you simply take 1 / (Decimal Odds) to get your implied win probability percentage.
How to convert American odds to an implied probability percentage?
First you must convert the American odds to decimal odds. Next, you take 1 / (Decimal Odds) to get your implied win probability percentage. For example, if your win probability is 62%, then your equivalent decimal odds are 1/0.62 = 1.61.
How to convert Decimal odds to an implied probability percentage?
Take 1 / (Decimal Odds) to get your implied win probability percentage.
How to convert implied probability percentage to American odds?
First, you take 1 / (Implied Win Probability Percentage). You then take this result (which is in decimal odds), and convert to American odds.
How to convert implied probability percentage to Decimal odds?
Take 1 / (Implied Win Probability Percentage) = Decimal odds