Odds Probability Calculator
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MOG Odds Probability Calculator

Calculating the odds probability or converting them from decimal to probability percentages is something that very few gamblers actually do or care about. However, doing this is quite useful because it makes you realize what are the actual chances of winning given by the bookie to a specific player or team.

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βœ…Β  Example: you could look at odds of 1.20 and consider these to have very high chances of winning. This is true, but would you still perceive 1.20 as being an “easy” or “sure win” knowing that in reality it has a probability percentage of 83.3%?

Of course, the chances of winning can be in reality completely different, even if the odds are the same for different events. You could have a team with 1.10 odds more likely to win a specific sports event than another team with the same 1.10 odds. It depends on many factors that the gambler can evaluate and estimate by himself, maybe even better than a bookie. Therefore, as we said in the beginning, these implied probabilities are very helpful to understand what chances (%) are the bookies actually giving.

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Below you can use the Odds Probability Calculator to convert decimal odds to a probability percentage. As an extra bonus, you can also calculate the potential payout based on a specific bet amount.

Good luck and don’t forget to gamble responsibly! πŸ”ž

βœ…Β  Β You may also be interested in our Casino Bonus Calculator which will help you analyze the casino bonuses, their wagering requirements and discover the expected value of each casino bonus.
βœ…Β  Β There is also a Wagering Calculator focused on sports bonuses which will help you analyze the wagering requirements of sports bonuses and discover the expected withdrawal amount after the wagering is completed.

 

βœ…Β  Β There is also available a Probability to Odds Calculator which can be useful when you analyze the winning probability % of different events and you want to convert the probabilities to decimal odds.
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