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Implied Probability Explained: Unlock Winning Bets

April 6, 2025

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Sport Betting

Sports Betting Odds Explained

April 6, 2025

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How to Read Odds (+/-)

Odds are shown in American format, such as +150 or -110. A + number shows how much you profit on a $100 bet (e.g. +150 = $150 profit). A – number shows how much you need to bet to win $100 (e.g. -110 = bet $110 to win $100).

What is Implied Probability?

Implied probability translates odds into a percent chance of winning. For example, -150 means a 60% chance, while +200 means 33.3%. You can calculate it using this formula:

Negative odds: -150 → 150 / (150 + 100) = 60%
Positive odds: +200 → 100 / (200 + 100) = 33.3%

Parlays vs. Straight Bets

Straight bets are single wagers on one outcome. Parlays combine multiple bets into one. Parlays offer higher payouts, but all picks must win for you to cash in.

How to Read Odds (+/-)

What is Implied Probability?

Parlays vs. Straight Bets

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