Betting Odds Converter And Implied Probability Calculator
Betting Odds Converter And Implied Probability: a planned Super Calculator tool. Stub page: the tool, its formula and a worked example are not published yet.
Betting Odds Converter And Implied Probability Calculator is a planned calculator in the lifestyle section of Super Calculator, covering games and probability.
What this calculator will compute
Inputs: odds value (n), odds format (decimal/fractional/American/Hong Kong) and stake (currency).
Outputs: converted odds (all formats), implied probability (%), payout (currency), profit (currency) and overround (%).
Formula, recorded as scope and not yet verified against a primary source: Decimal odds d imply probability 1/d; fractional odds a/b imply b/(a plus b); American odds imply 100/(odds plus 100) for positive and negative odds over (negative odds plus 100) for negative. The implied probabilities across a market sum above one, and that excess is the bookmaker overround.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.