## Convert Odds To Probability

Have you ever wondered what the chances of a team winning was based off of the money line for the game? That’s a key part of understanding money line bets. First, we have a simple calculator that you can use to plug in any moneyline (American style odds) and quickly get the fair market probability that it implies. We’ve also included a chart below the calculator for reference, and to see how favorites and underdogs compare.

## Money Line Calculator (Implied Probability)

The following chart shows how likely a team is to win based off the odds. This is helpful in handicapping because you can see just what percentage of your wagers you need to win at each given money line in order to profit.

The left chart is to be used for favorites, the right for underdogs.

Implied probability is a conversion of betting odds into a percentage. What implied probability does is, it takes into account the bookmaker's’ margin. Than they anticipate the expected probability of an outcome occurring. Implied Probability = Potential Value in a Betting Market. Converting betting odds is an important part of betting in 2019. With different betting platforms using a range of odds formats, it’s vital you know where and how to convert betting odds. To convert those odds into a probability, here’s the calculation: Divide 1 by the decimal odds then multiply by 100 to give a percentage 1 divided by 7 = 0.143 0.143 x 100 = 14.3%.

Win % – Percentage of wins required to show a profit at a given money line.

For example, you would need to win 80% of all of your bets just to break even if you only bet on -400 money line favorites (over 80% to turn a profit).

## Moneyline Conversion: Odds to Percentage Chart

### Convert Betting Odds To Probability

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