4 5 As A Decimal Betting

Implied probability is basically the conversion of odds into a percentage. That percentage then shows the likelihood of an outcome happening based on the size of the odds. High odds suggest a low probability of something happening, while low odds suggest a high probability of something happening.

1. 4/5 As A Decimal Betting Odds
2. 12 4 5% As Decimal
3. 10 4 5 Decimal

How to Use the Fractional to Decimal Odds Calculator. Using this converter is easy. Simply enter the fractional odds into the box that states Fractional Odds. Fractional odds look like 2-1 0r 13/5. Press convert and the decimal odds will be shown in the Decimal Odds Box.

4/5 As A Decimal Betting Odds

For example, imagine a tennis player is +200 to win an upcoming match. This would be 3.00 in decimal odds, and 2/1 in fractional odds. The implied probability for these odds is 33.33%. In this example, the odds suggest that the player has a 33.33% chance of winning the match.

12 4 5% As Decimal

In sports, the probability of something happening is usually subjective. There are several factors to take into account and there’s always a chance of the unexpected. No one can state definitively the exact probability of a player or team winning a game they’re taking part in. There’s an element of personal opinion involved.

1. Decimals quote the potential return should the bet succeed, relative to the stake. For example if £5 is bet at odds of 3 the total returned is £15 (£5. 3) the potential profit is £10 (£5. 3 minus the £5 stake). Positive figures: The odds state the winnings on a £100 bet e.g. American odds of 110 would win £110 on a £100 bet.
2. We use the closet fraction that is used in betting markets. For example, the exact mathematical equivalent of decimal odds 30 is fractional odds 29/1. However 29/1 is not used in betting markets, instead 30/1 is used, so that is what appears in this converter.

Calculating the implied probability is useful though. It helps us decide whether or not we think a bet offers any positive value. We should always look for positive value when betting, and it exists when our estimated probability of an outcome happening is greater than the implied probability that the odds on that outcome suggest.

Confused? Don’t worry! It’s not as complicated as it may seem. To make this easier to understand, let’s continue with the example of the tennis player at +200 to win his match. As we’ve said, the implied probability here is 33.33%. So if we think that the player has a GREATER than 33.33% of winning, then it makes perfect sense to bet on him. If we think his chances are less than 33.33%, it’s wise not to bet on him.

10 4 5 Decimal

If you’d like a more complete explanation on this subject, there’s an article in our sports betting guide that explains value and implied probability in further detail.