For example if the odds are -120, the implied probability would be -(-120)/(-(-120) + 100). To calculate the American odds implied probability for a favorite (-), all you have to do is divide the negative odds by the negative odds plus one hundred.
Finding this outcome varies slightly depending on if you are considering the favorite or the underdog. Implied probability is the likelihood of a certain outcome. Calculating the implied probability for American odds is a simple process. These numbers represent the implied probability in addition to the amount that can be made from a winning bet. It is easy to remember, the plus sign means you will win more than your bet and the minus sign means you will win less than your bet. Minus sign (-) assigned to the favorite.Both the favorite and underdog will show a number next to it with a: Bets are always either placed on a favorite (meaning more likely to win) or underdog (meaning more likely to lose). When betting on odds and lines in Kansas, operators will adopt the American odds format. Fortunately, a little bit of guidance can go a long way to highlight how easy it is to read odds and lines. Different types of odds paired with a variety of bet types can make getting into sports betting an overwhelming process. Newcomers to Kansas betting apps or sites may find reading sports odds confusing or difficult. Being able to read and understand betting odds is critical to achieving sports betting success.
