Once again, there is an easy formula to make sure that you can calculate the implied probability, and once again, using the same selection, the probability will pan out.
Here is how you can calculate the probability for any selection with fractional odds. First, let’s take a look at the selection:
Phoenix Suns 5/2
The left number is called a “numerator,” and the right number is called a “denominator.” Based on this information, the probability formula will look like this:
denominator / (denominator + numerator) * 100 = implied probability
When you translate this for Phoenix Suns, what you get is 2/ (2+5) *100 = 28.57%, exactly as before.
Try doing the same with the Los Angeles Lakers 33/100 as follows = 100/ (100+33) *100 = 75.18%.
Here is how you can calculate the probability for any selection with fractional odds. First, let’s take a look at the selection:
Phoenix Suns 5/2
The left number is called a “numerator,” and the right number is called a “denominator.” Based on this information, the probability formula will look like this:
denominator / (denominator + numerator) * 100 = implied probability
When you translate this for Phoenix Suns, what you get is 2/ (2+5) *100 = 28.57%, exactly as before.
Try doing the same with the Los Angeles Lakers 33/100 as follows = 100/ (100+33) *100 = 75.18%.
