How to Calculate Implied Probability for Decimal Odds?

[Hardexy1]

To show you that the implied probability stays the same across the different representations of the odds, we will quickly run the numbers once again. The formula is much simpler here. You simply have to follow this:

100/decimal odds = implied probability

So, let’s put this to the test:

100/1.33 for the Los Angeles Lakers = 75.18%
100/3.50 for the Phoenix Suns = 28.57%
It’s very satisfying to see the same numbers represented differently work out in all cases, but if pushed, we must agree that Decimal odds are the quickest way to navigate your next bet.

 

[Crazy_winner]

The total potential payment, which includes the initial bet, is represented by decimal odds. To determine the implied probability, divide the decimal odds by one using the formula. It might assist you in comparing the odds offered by several bookies or figuring out whether a certain wager is worthwhile.