Soccer Betting Strategy Articles
So, let's see how we can convert Moneyline odds into their respective implied probabilities. The first are 'minus' moneylines.
This is expressed as for example, But what does this mean exactly? Well, let's say bookmaker is offering odds of for the Los Angeles Lakers to win a game. The other instance are 'plus' moneylines. So how do we convert the the 'minus' and the 'plus' moneyline odds into their implied probabilities? Let's start out with the 'minus' moneyline conversion:.
So let's take an example, in which Titanbet offers the following bet: Multiplied then by , we get the implied probability percentage of Converting a 'plus' moneyline is a bit different.
Calculating the implied probabilities on these look like this:. Knowing how to convert one form of odds to another can be helpful, especially if you have come into possession of a large amount of betting data that has odds formatted in an unfamiliar way. To do this, we first need to convert any odds format to their implied probability. Once we have done this, the calculations are fairly straight forward.
Let's take an example. In this example, the fractional odds target will be calculated as:. Converting implied probability into moneyline is a bit more complicated than converting it into decimal or fractional odds. In this example, the moneyline odds target will be calculated as:.
As a quick comparison guide, we've created an odds conversion chart which displays the odds and implied probability across each odds format. While there are many tools on the web that will help you convert odds to their implied probabilities and convert odds to other formats, it is still a good practise to understand the calculations behind these conversions.
This will only help you better understand what the odds represent in terms of value as well as exercising your betting brain to think instinctively in terms of implied probabilities when odds are presented to you.
Alternatively, you can simply use our odds calculator and let it do the job for you. The username or password you entered is incorrect. Please check the username, re-type the password, and try again. Please specify a username so people know what to call you on bettingexpert. Please enter a username with more than two characters. Please write a username with maximum 30 characters.
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To first understand what betting odds are, we have to first understand the concept of chance. Southern League Central Division 2. Premier League 2 3. Professional Development League 7. Kakkonen Group C 1. Calcutta Premier Division A 2. Serie C - Group A 5. Serie C - Group B 5. Serie C - Group C 4. J-League Division 2 Liga de Ascenso 1. Prva Crnogorska Liga 5.
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