Understanding sports betting odds requires strategy and excitement. Implied probability calculation can help you. How can you use implied probability in sports betting? This post covers this and more. What is Implied Probability? The implied probability is the bet odds proportion. It shows the sportsbook’s prediction. To decide if a gamble is worth it, understand implied probability. Tip 1: The implied probability formula is: The implied probability is 1 / chance. If odds are 2.00, implied chance is 50%. Value Bet Detection Tip 2: Compare the estimated implied probability to your estimate of the true probability of an event to… ( Read More )