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Probability Formula:
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The 1x2 Football Odds Calculator converts decimal odds for football matches into implied probabilities. It helps bettors understand the true probability behind bookmakers' odds for home win (1), draw (x), and away win (2) outcomes.
The calculator uses the probability formula:
Where:
Explanation: The formula converts decimal odds into percentage probabilities, showing the bookmaker's implied likelihood of each outcome.
Details: Calculating implied probabilities helps bettors identify value bets, understand bookmaker margins, and make more informed betting decisions based on statistical probabilities rather than intuition.
Tips: Enter decimal odds for home win, draw, and away win outcomes. All odds must be greater than 1. The calculator will display the implied probability for each outcome as a percentage.
Q1: What are decimal odds?
A: Decimal odds represent the total payout rather than the profit. For example, odds of 2.00 mean you receive $2 for every $1 bet (including your stake).
Q2: Why do probabilities total more than 100%?
A: Bookmakers build in a margin (overround) to ensure profit. The total probability typically sums to 103-110%, representing the bookmaker's advantage.
Q3: How can I identify value bets?
A: Compare the implied probability from odds with your own assessment of the true probability. If your probability is higher, it may represent a value bet.
Q4: Are there limitations to this calculation?
A: This calculates implied probability only. Actual probabilities are influenced by many factors including team form, injuries, and other variables not reflected in odds.
Q5: Should I use this for betting decisions?
A: This is a tool for information. Responsible betting requires research, bankroll management, and understanding that all betting involves risk.