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Implied Probability

Dave Kuzio

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Publish Date: 19/11/2024

Fact checked by: James Leeland

Implied Probability is how the bookmaker sees each bet and how likely it will happen.

A broad example of implied probability is as follows. If the odds for a bet are 100/1, this means the implied probability is 1% and the bookmaker does not think it has any real chance of being a winning bet.

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