Question 1

What is implied probability?

Accepted Answer

Implied probability is the win percentage suggested by the betting odds. It represents how often you need to win at those odds to break even, including the sportsbook's vig.

Question 2

How do I convert American odds to probability?

Accepted Answer

For negative odds: Probability = |Odds| / (|Odds| + 100). For positive odds: Probability = 100 / (Odds + 100). For example, -150 implies 60% and +150 implies 40%.

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