Hi, Guest! You can log in or register.

Making the odds in probabilities

Making the odds in probabilities

 

Now we will explain what the probability of winning at a given ratio. Again, with a simple formula Both fractions were combined and divided by the second number - the result is the percent probability.

 

For example, 4/6 for Barcelona - collect 4 and 6 and get 10 and then divide this number 6 and multiply x 100. Or there is a 60% chance to win the match Barcelona according set by the bookmaker odds of 4/6 or 1.67.

 

[Su_note note_color = "# D9EDF7"]

 

Fractional odds to probability - a formula for transformation

 

y / (x + y) x 100 = z

 

Example 4/6 is converted to the 6 / (4 + 6) x 100 = 60%

 

[/ Su_note]

 

Continuing in the same scenario, let's take rate for a draw - 11/4. Divide 4 of 15 and 0.26 x 100 = 26% probability level. For Real Madrid 4/1 is obtained probability 20%. Here we have identified three probabilities to exit the game in rates

 

Moment, 60% of Barcelona, ​​26% and even 20% for Real makes 106% rather than 100%. Why? This occurs because the set of bookmaker earnings - ratios include pledged by the bookmaker profit margin. Read below for more details.

 

[Su_note note_color = "# D9EDF7"]

 

Note: The easiest way to convert decimal odds into probabilities is just 100 split ratio. For example, at 100 divided by a factor of 2.50 was obtained probability of 40%.

 

[/ Su_note]