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Odds and probability

Use transparent calculations to understand examples. A calculation does not predict a result.

Odds and probability

Implied probability40%
Fractional equivalent3/2
American odds+150
Total return if successful25
Net profit if successful15

Implied probability is 1 ÷ decimal odds. It is a price-derived figure, not our estimate of the event’s chance. Returns assume a single settled win without fees, tax or special rules.

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