Probabilities of Odds

In fact, when we calculate all the possible outcomes of the match, it equals to 100%. It is not more or less than 100%. However, when we calculate the odds of “ANY” bookmaker, we can see that the odds offers more than 100%. Bookmakers grab their own winning percents from your stake. How? Lets see..

Example:

Airdrie Utd v East Fife
1.40 3.75 7.00

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Home Winning Possibility:….. 1 / 1.40 = 71.4%
Draw Possibility:……………. 1 / 3.75 = 26.6%
Away Winning Possibility:….. 1 / 7.50 = 14.2%

71.4 + 26.6 + 14.2 = 112.2%
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It means you confirm that you lost 12.2% on average before the kick of the match for this example. It may vary from bookie to bookie or match to match. Some bookies may take about 10% for soccer and 5% for basketball and some take %15 for basketball and 5% for soccer. This is up to your bookie.

# Here we created a table about possibilities of odds.

Hopefully, it helps you.

ODDS……..PROB
1.01……….99.01%
1.02……….98.04%
1.03……….97.09%
1.04……….96.15%
1.05……….95.24%
1.06……….94.34%
1.07……….93.46%
1.08……….92.59%
1.09……….91.74%
1.10……….90.91%
1.11……….90.09%
1.12……….89.29%
1.13……….88.50%
1.14……….87.72%
1.15……….86.96%
1.16……….86.21%
1.17……….85.47%
1.18……….84.75%
1.19……….84.03%
1.20……….83.33%
1.21……….82.64%
1.22……….81.97%
1.23……….81.30%
1.24……….80.65%
1.25……….80.00%
1.26……….79.37%
1.27……….78.74%
1.28……….78.13%
1.29……….77.52%
1.30……….76.92%
1.31……….76.34%
1.32……….75.76%
1.33……….75.19%
1.34……….74.63%
1.35……….74.07%
1.36……….73.53%
1.37……….72.99%
1.38……….72.46%
1.39……….71.94%
1.40……….71.43%
1.41……….70.92%
1.42……….70.42%
1.43……….69.93%
1.44……….69.44%
1.45……….68.97%
1.46……….68.49%
1.47……….68.03%
1.48……….67.57%
1.49……….67.11%
1.50……….66.67%
1.51……….66.23%
1.52……….65.79%
1.53……….65.36%
1.54……….64.94%
1.55……….64.52%
1.56……….64.10%
1.57……….63.69%
1.58……….63.29%
1.59……….62.89%
1.60……….62.50%
1.61……….62.11%
1.62……….61.73%
1.63……….61.35%
1.64……….60.98%
1.65……….60.61%
1.66……….60.24%
1.67……….59.88%
1.68……….59.52%
1.69……….59.17%
1.70……….58.82%
1.71……….58.48%
1.72……….58.14%
1.73……….57.80%
1.74……….57.47%
1.75……….57.14%
1.76……….56.82%
1.77……….56.50%
1.78……….56.18%
1.79……….55.87%
1.80……….55.56%
1.81……….55.25%
1.82……….54.95%
1.83……….54.64%
1.84……….54.35%
1.85……….54.05%
1.86……….53.76%
1.87……….53.48%
1.88……….53.19%
1.89……….52.91%
1.90……….52.63%
1.91……….52.36%
1.92……….52.08%
1.93……….51.81%
1.94……….51.55%
1.95……….51.28%
1.96……….51.02%
1.97……….50.76%
1.98……….50.51%
1.99……….50.25%
2.00……….50.00%
2.10……….47.62%
2.20……….45.45%
2.30……….43.48%
2.40……….41.67%
2.50……….40.00%
2.60……….38.46%
2.70……….37.04%
2.80……….35.71%
2.90……….34.48%
3.00……….33.33%
3.10……….32.26%
3.20……….31.25%
3.30……….30.30%
3.40……….29.41%
3.50……….28.57%
3.60……….27.78%
3.70……….27.03%
3.80……….26.32%
3.90……….25.64%
4.00……….25.00%
4.10……….24.39%
4.20……….23.81%
4.30……….23.26%
4.40……….22.73%
4.50……….22.22%
4.60……….21.74%
4.70……….21.28%
4.80……….20.83%
4.90……….20.41%
5.00……….20.00%
6.00……….16.67%
7.00……….14.29%
8.00……….12.50%
10.00……..10.00%
15.00……….6.67%
20.00……….5.00%
50.00……….2.00%
100.00……..1.00%
200.00……..0.50%
300.00……..0.33%
400.00……..0.25%
500.00……..0.20%
600.00……..0.17%
700.00……..0.14%
800.00……..0.13%
900.00……..0.11%
1′000.00……0.10%
2′000.00……0.05%
5′000.00……0.02%
10′000.00…..0.01%

Or you can calculate it on your own with this formula:

1 / Odds = Probability

*As we said before, we recommend you to choose a bookmaker which offers better odds for the sports you are interested.