how to calculate implied odds sports betting

This means that if we bet both teams, we would need to risk $104.8 to get back $100. If we add these two outcomes, we get 104.8%. We take the amount we risk and divide it by the total payout to get the implied probability for each outcome:

If we bet $110 on Oakland +3.5, we have a possible payout of $0 for a loss or $210 for a win.If we bet $110 on Denver -3.5, we have a possible payout of $0 for a loss or $210 for a win.What Is the Implied Probability of Each Outcome? On an NFL game, a sportsbook lists a game as: The amount over 100% is the bookie’s over round. In sports betting, the house edge, or vigorish, means that the implied probability of a set of events will always add up to over 100%. Adding the two probabilities, we get 83.33%.Ĭlearly there is a 100% probability that either heads or tails will come up, and if we assume a fair coin, your friend has a 16.66% edge over you in this bet (100% minus the 83.33% implied probability). However, now the implied probability of tails coming up is only $100/$300, or 33.33%. Your implied probability remains the same, 50%. Now let’s assume your friend gets paid +200, or $200, for every tails, while you still only get paid $100 for heads.

How to calculate implied odds sports betting