How to De-Vig Betting Odds Into Probabilities
Implied probability by quote format, illustrative quotesranking ·
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De-vig methods on one lopsided market, -750 against +475ranking ·
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Book sum and overround on four illustrative marketsranking ·
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Implied probability by quote format, illustrative quotes
Implied probability by quote format, illustrative quotes
| quote | implied_pct |
|---|---|
| -110 American | 52.38 |
| -750 American | 88.24 |
| +475 American | 17.39 |
| 5.75 decimal | 17.39 |
| 19/4 fractional | 17.39 |
the exact SQL behind every number
SELECT
q.2 AS quote,
round(100.0 * q.3, 2) AS implied_pct
FROM
(
SELECT arrayJoin([
(1, '-110 American', 110.0 / 210.0),
(2, '-750 American', 750.0 / 850.0),
(3, '+475 American', 100.0 / 575.0),
(4, '5.75 decimal', 1.0 / 5.75),
(5, '19/4 fractional', 4.0 / 23.0)
]) AS q
)
ORDER BY q.1
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