![]() ![]() Implied probability is the likelihood of an outcome, represented as a percentage. If your true probability or true line is different from what the book is offering, that means you may have found value and it might warrant a bet. Anyone who is looking to make money betting should first calculate their own “true probability” or “true line” and compare it to what the sportsbook is offering. This is called the “implied probability” of the betting line. It is important to understand that any betting line a sportsbook offers is based on their internal models that have created the spread, total, moneyline, etc and is directly related to the probability that they think such an outcome will occur. Better yet we also show you the implied probability to help you understand how often your bet would have to win to profit long term. That's where our odds conversion tool comes in! Whether you're interested in betting on the NBA, NFL or horse racing, this handy tool will help you convert odds from one format to another instantly. But if you're new to sports betting, it can be difficult to understand all of the different odds formats. ![]() If you're a sports fan, then you know that betting on your favorite teams, or any game in general if we’re being honest, can add an extra level of excitement (and sometimes stress!). ![]()
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