Implied Probability Meaning – Determining What Outcome to Bet On
The implied probability is a direct reflection of a probability of an event happening. It represents a conversion of a probability of a specific outcome into betting odds you can wager on.
The higher the implied probability of a team winning is, the lower the potential payouts will be, and vice versa.
While the implied probability isn’t a winning guarantee, you can use it to assess whether or not you should bet on a particular game or event.