Implied Probability
📖 GlossaryDefinition
Implied probability converts odds into a percentage representing how likely the sportsbook thinks the outcome is.
-150 odds = 60% implied probability
+200 odds = 33.3% implied probability
-110 odds = 52.4% implied probability
Formula (negative): Odds ÷ (Odds + 100) × 100 Formula (positive): 100 ÷ (Odds + 100) × 100 [/example]
Why It Matters
When SharpWire says "our model gives the Lakers a 65% chance but the book implies 60%," that 5% gap is your edge. The book is underpricing the Lakers.
SharpWire automatically converts all odds to implied probability for you. You'll see it in the edge calculations on every game page.